Search Results for: salary

September 11, 2015

London’s allure for Millennials is less than it was, claims report ⁰

by Mark Eltringham • Flexible working, News, Workplace

The allure of London for Generation Y appears to be fading, according to a new report from Lloyds Commercial Banking. According to the study of 200 Millennials and 400 SMEs, the most talked about Generation appears increasingly happy to work for a small firm, wherever they are located. The survey claims that relocating to London is not on the agenda for half (51 percent) of Millennials, who would be happy to move anywhere for the right job. Over a third (35 percent) don’t want to move away from home, while less than a tenth (eight percent) insist they will only work in the capital – which the report claims is good news for SMEs located outside of London (assuming they want to employ Millennials in the first place, obviously). According to the report, location ranked seventh on the list of factors that would attract Millennials to a business.

September 9, 2015

Five unconventional ways to attract and retain Millennial talent ⁰

by Sara Bean • Facilities management, Flexible working, Knowledge, News, Workplace

Almost one third of millennial staff (29 percent) claim that a higher salary is the biggest contributor to their loyalty, despite only 20 percent of the broader American workforce reporting the same; the Staples Advantage Workplace Index, a study of office workers in the US and Canada claims. US office workers consider title and work responsibilities (38 percent) and work-life balance (30 percent) as leading contributors to their loyalty, but Millennials favour less traditional benefits including more flexibility; generous office amenities, such as gyms; a company which promotes and supports sustainable practices; a more sociable working environment with plenty of breaks; and finally, lots of positive feedback from their direct line manager. Unsurprisingly, unlike other generations of workers, Millennials say that the use of social media enhances rather than detracts from their productivity.

September 1, 2015

Government announces plans to improve national levels of fair pay ⁰

by Sara Bean • Legal news, News, Workplace

A package of measures designed to improve levels of fair pay have been announced by the Government today; including doubling the penalties for non-payment of the National Minimum Wage and the new National Living Wage; increasing the enforcement budget and setting up a new team in HMRC to take forward criminal prosecutions for those who deliberately do not comply. A new team of compliance officers in HMRC will investigate the most serious cases of employers not paying the National Minimum Wage and National Living Wage when it is introduced in April 2016. This team will have the power to use all available sanctions, including penalties, prosecutions and naming and shaming the most exploitative employers. Employers who fail to pay staff at least the minimum wage they are legally entitled to will have to pay double what they do now.

August 26, 2015

Women in full time work earn 22 percent less than men, claims study ⁰

by Mark Eltringham • Legal news, News, Workplace

Women managers are effectively working for free nearly two hours every day, according to a report into the gender pay gap from the Chartered Management Institute and Xpert HR. The report draws on a survey of 72,000 UK managers published which found that women working in full-time roles earn 22 percent less than men, which the authors claim means they are ‘unpaid’ for 1h 40m a day. According to the analysis of the data from the 2015 National Management Salary Survey, for men and women of all ages and in all professional roles the pay differential now stands at an average of £8,524, with men earning an average of £39,136 and women earning £30,612. In 2014, the gap stood at £9,069, or 23 percent. The difference rises to £14,943 for senior or director-level staff, with men earning an average of £138,699 compared to the average for women of £123,756.

August 14, 2015

Far from being on board, older women still face recruitment bias ⁰

by Sara Bean • Comment, News, Workplace

The news that the Davies review has met its 25 per cent target for female representation on boards, and is now considering setting a target that a quarter of executives at FTSE 100 companies should be female, has been met with approval by the Institute of Directors, which said it was right that the focus is on increasing the number of women in senior executive positions. But what about those further down the salary scale, where many older women struggle to even get a job interview? A recent study carried out by Anglia Ruskin University’s Lord Ashcroft International Business School shows that older jobseekers face widespread discrimination in the UK, with older female applicants more likely to experience bias than men. The study found no significant link between a company having a HR department or providing commitments to equal opportunities, and the level of discrimination it displayed.

July 16, 2015

Women are less assertive in asking for a pay rise than men

by Sara Bean • Flexible working, Legal news, News, Workplace

There has been much focus on gender pay this week with the announcement that larger companies will be forced to disclose pay rates. Now a new poll suggests another reason why women’s pay lags over their career, a lack of assertiveness. A report commissioned by Glassdoor found that only a quarter of UK women (27 percent) feel confident they will receive a pay rise within the next 12 months, compared to 40 percent of men. Women are also less likely to leave a job because of low salary than men – 30 percent of women said that low salary had been the major factor behind them moving on from jobs in the past, compared to 39 percent of men. The Glassdoor UK Employment Confidence Survey, conducted online by Harris Interactive, monitors four key indicators of employee confidence: job security, salary expectations, job market optimism/re-hire probability and business outlook optimism.

July 14, 2015

Homeworkers left to fund their own technology by stingy bosses

by Sara Bean • Comment, Facilities management, Flexible working, News

Last week we learnt that for some employers, homeworking is only to be encouraged when it’s out of hours. Now new research from Regus suggests that only around a third of people encouraged by their employers to work from home (35 percent) receive any contributions from their firm to fund the fit-out. The survey of over 4,000 senior business people found that the majority (82 percent) of employers refuse to cover all the costs incurred for creating and maintaining a work space for homeworkers. This proves costly for staff, as a quarter (25 percent) of respondents said that it would take a whole monthly salary for them to fit-out their home, while the average cost of running a home office in the UK is almost £2,000 a year. Nearly half (43 percent) of workers think that most companies encouraging their employees to work from home are simply trying to transfer the workspace cost onto the employee.

July 3, 2015

One in five Americans would change jobs for better work-life balance

by Sara Bean • Flexible working, News, Wellbeing, Workplace

More than half of US and Canadian employees report feeling overworked and burnt out (53 percent), yet the overwhelming majority (86 percent) say they are still happy at work. According to the inaugural Staples Advantage Workplace Index employees are working longer days, with about a quarter of them regularly working after the standard workday is done. A key motivator is to advance in the organization, with nearly two-thirds of respondents seeing themselves as managers in the next five years. Though employees are largely conditioned to working longer hours, about one in five do expect to change jobs in the next twelve months. Steps employers can take to improve happiness levels include; adding more office perks, improving office technology and providing a better office design. Alongside this, with employees working longer days and on weekends, the biggest request is for employers to provide more flexibility. More →

June 18, 2015

Gen Z workers will be far more conventional than commonly assumed

by Sara Bean • News, Technology, Workplace, Workplace design

Despite being the first generation of workers to boast ‘native’ digital skills, so-called ‘Gen Z’ is far more conventional than previously assumed. The coming generation of 16-19 years-olds who are fast approaching the jobs market will care far more about their workplace and their employer’s ethics than Gen Y, new research from recruiter Adecco claims. The research shows that long-term security is more appealing to Gen Z than short term perks; with gym memberships (12%), free technology (16%) and time off to travel (26%) rejected in favour of qualifications and job security; at 43 percent and 41 percent, respectively. However, the research does show they have strong personal ambition and high expectations from employers, with half of those surveyed expecting a promotion within their first year of employment and the same number expecting to move on from an employer within two years.

June 10, 2015

Flexible hiring out of step with flexible working, especially in London

by Sara Bean • Flexible working, News, Workplace

Only a handful (6.2%) of new jobs offer both decent salaries and the opportunity to work flexibly, according to new research from Timewise. Despite technological advances and significant changes in how and where people work, employers consistently underestimate how precious a benefit is flexibility, and rarely mention it in job ads. The flexible talent pool is massive; with more than 5.4 million people already in flexible roles, yet the number of jobs advertised with flexibility are so scarce that 77 percent of flexible workers feel ‘trapped’ in their current role, leaving those who want flexibility to fit with modern life, locked out of chances to progress. Flexible opportunities are better outside of the Capital, as candidates looking for flexible jobs have comparatively greater opportunities in Scotland, Northern Ireland and in the north of England.

May 14, 2015

The cost to the UK’s medium sized businesses of unwanted email

by Mark Eltringham • News, Technology, Workplace

Managing unwanted email could be costing the UK’s 31,000 medium-sized businesses more than £34,000 a year each, according to an analysis of time spent on managing spam, phishing and other unwanted emails by Mailprotector. Using filtering statistics from its customers, Mailprotector analysed medium sized firms over a 30-day period. It found that each employee receives 25 unwanted emails per day on average, which take around 5 seconds to open, glance at and delete, equating to almost one working day a year (6.94 hours). Calculating employee costs, based on an average annual salary of £28,000, and factoring in support costs – based on the number and cost per support call – the losses can add up to over £34,000 per year per company, according to the study.

April 28, 2015

Microsoft named most attractive major employer to work for worldwide ⁰

by Sara Bean • Company news, Flexible working, News, Workplace

Microsoft has been voted the most attractive employer of the world’s top fifty companies. Over two thirds (67.8%) of respondents in the Global Randstad Award survey 2015, said they would like to work for the multinational tech company. The IT industry was revealed as the most popular sector by 69 percent of men and 70 percent of women, with the runners-up being Sony and Samsung. Microsoft was voted the most attractive employer within the IT industry for its highly educated potential workforce, being the primary global employer brand for women and for its ‘drivers of choice’; named as salary, career progression, pleasant working atmosphere, interesting job content and strong leadership. In the survey, respondents said the most important reason why they’d leave an employer is a limited career path with the most mentioned reason to stay being a good work-life balance.