Search Results for: skills gap

Bosses bonus boom widens long-term pay gap

by • Knowledge, News, Workplace

 Bosses bonuses widen pay gap

Among the renewed debate on whether the Thatcher years sowed the seeds of social and economic inequality, comes new salary data by the Chartered Management Institute (CMI) and XpertHR, which reveals company directors (including chief executives) enjoyed pay increases almost twice the size of the average UK executive over the last 12 months. The research also found that the number of employers struggling with staff recruitment continues to increase year-on-year. Almost two thirds (64.7 per cent) of employers experienced problems with staff recruitment over the last 12 months – up from 58.7 per cent in the 2012 report and 48.9 per cent in 2011. (more…)

People are increasingly concerned that their job roles are becoming irrelevant

People are increasingly concerned that their job roles are becoming irrelevant

by • AI, News, Workplace

A new report from Arden University suggests that while many UK workers recognise the growing pace of change in the workplace, only around half are actively developing new skills to keep up with new and emerging job rolesA new report from Arden University suggests that while many UK workers recognise the growing pace of change in the workplace, only around half are actively developing new skills to keep up with new and emerging job roles. The survey of 2,000 UK employees found that 58 percent believe their industry is changing faster than before, yet only 51 percent said they are currently engaged in upskilling. The findings have been released as part of Arden University’s Future of Work and Learning Report. (more…)

AI will either save work or destroy it. Apparently.

AI will either save work or destroy it. Apparently.

by • AI, Comment

It's too early to know what precise impact AI will have on jobs, writes Jo Sutherland. Fortunately for us, the future is still ours to shapeAs someone who works at the intersection of communications and responsible AI, I spend a lot of time thinking about how emerging technologies are explained, sold, feared, embraced and misunderstood. Nowhere is that more palpable than in conversations about AI and the future of work, where certainty is sometimes projected before it’s earned. Over the past few months alone, taking part in debates at both the Westminster Employment Forum and the University of Cambridge, I’ve been struck by just how wide the spectrum of opinion still is. Depending on who has the floor, AI is framed either as a magical productivity fix or an existential threat to jobs. The reality probably lies somewhere in the middle. (more…)

Why winning the AI race starts with workforce readiness

Why winning the AI race starts with workforce readiness

by • AI, Comment, Workplace

While AI is heralded as a transformative force across industries, a quieter challenge threatens to slow its momentum: the growing shortage of skilled AI professionals. Behind the buzz of breakthroughs lies a stark reality — companies are racing to adopt AI, but many are leaving their people behind. Recent data shows the skills required for AI-exposed jobs are evolving 66 percent faster than for other roles — a dramatic leap from just 25 percent a year ago. The demand for AI talent is surging in the UK, where the job market is cooling off. Yet, as job postings requiring AI skills continue to climb, this only underscores a critical imbalance felt across the job market. (more…)

Cities must embrace the radical retrofit of buildings to meet future challenges

Cities must embrace the radical retrofit of buildings to meet future challenges

by • News, Property, Workplace design

The Radical Retrofit report by Economist Impact, supported by JLL, argues that making cities more sustainable and resilient will depend on retrofits that improve safety, health and accessibility, while also driving economic valueAs cities continue to grow, the pressure on infrastructure, resources and the environment is intensifying. A new global study warns that urban centres must move beyond new construction and reimagine the buildings they already have. Retrofitting – enhancing and upgrading existing structures -is emerging as a key strategy to cut emissions, improve energy performance and boost urban liveability. The Radical Retrofit report by Economist Impact, supported by JLL, argues that making cities more sustainable and resilient will depend on retrofits that improve safety, health and accessibility, while also driving economic value. Though still in its early stages, the movement is gaining traction across global cities such as Singapore, New York, Paris and Dubai. Yet the pace must accelerate dramatically from today’s retrofit rate of 1 percent per year to at least 3 percent to align with net-zero goals. (more…)

If you want to get ahead in your career, get in to the office, report argues

If you want to get ahead in your career, get in to the office, report argues

by • Flexible working, News, Workplace

Businesses are increasingly likely to prioritise workers willing to come into the office for pay rises and promotions, according to new researchBusinesses are increasingly likely to prioritise workers willing to come into the office for pay rises and promotions, according to a new poll from Reed Group. A year ago Reed.co.uk, which deals with over 30 million job applications a year, predicted that employers would increasingly mandate days in the office and would prioritise what it called the ‘in-person premium’. (more…)

Sick days rise 41 percent over last three years as business productivity falls post-pandemic

Sick days rise 41 percent over last three years as business productivity falls post-pandemic

by • News

sick daysSick days have surged by 41 percent over the past three years as employers continue to struggle with declining levels of productivity. The latest Hiring Trends Index by Totaljobs, surveying 1000 UK HR decision-makers, highlights how this rise in absenteeism is perpetuating a cycle of poor business performance affecting both employers and employees. (more…)

Graduates don’t offer employers enough creativity in the workplace

Graduates don’t offer employers enough creativity in the workplace

by • News, Workplace

A new report claims to reveal that UK graduates are falling short when it comes to offering organisations the creativity they need in the workplace.A new report claims that UK graduates are falling short when it comes to offering organisations the creativity they need in the workplace. The poll from Canva of around 1,000 recent university graduates, educators, and hiring managers in the UK, suggests that over three quarters (77 percent) of graduates and 66 percent of hiring managers consider creativity essential for landing a job and succeeding in the workplace. (more…)

Digital transformation efforts yet to translate into greater productivity at many firms

Digital transformation efforts yet to translate into greater productivity at many firms

by • AI, News, Technology

British and Irish firms are increasing their investment in digital transformation, according to Docusign’s Digital Maturity Report 2024, but this hasn’t yet translated into improved productivity or digital maturityBritish and Irish firms are increasing their investment in digital transformation, according to Docusign’s Digital Maturity Report 2024, but this hasn’t yet translated into improved productivity or digital maturity. The poll of 600 decision makers in the UK and Ireland, now in its second year, reveals what it claims is a ‘stark productivity and efficiency paradox’ for employers, as well as a Catch-22 for workers. (more…)

Workers unsure about the government’s New Deal for Working People

Workers unsure about the government’s New Deal for Working People

by • News, Workplace

 

Workers in the UK are lukewarm towards the "New Deal for Working People," a cornerstone of the recently introduced Employment Rights Bill.Workers in the UK are lukewarm towards the “New Deal for Working People,” a cornerstone of the recently introduced Employment Rights Bill. This ambivalence is coupled with a significant lack of awareness about their current workplace rights and their employers’ stance on various aspects of the deal. These insights come from the latest Robert Half Jobs Confidence Index (JCI), an economic confidence tracker developed in collaboration with the Centre for Economics and Business Research (Cebr). (more…)

Businesses planning major investments into Generative AI to increase productivity

Businesses planning major investments into Generative AI to increase productivity

by • AI, News

firms are planning major investments into generative AI technologies to drive increases in productivity, but are still being cautious about their impact.A new report from Cognizant and Oxford Economics New Work, New World: Quantifying Global Gen AI Momentum suggests that firms are planning major investments into generative AI technologies to drive increases in productivity, but are still being cautious about their impact. Additionally, 76 percent of businesses say they are looking to leverage the technology to create new revenue streams, while 58 percent are incorporating revenue increases into their business cases. (more…)

‘The Big Stay’ – it’s time to invest in employees, not to cut costs 

‘The Big Stay’ – it’s time to invest in employees, not to cut costs 

by • Comment, Workplace

The Great Resignation is over. That’s according to the latest Labour Market Outlook report from the CIPD, as reported by Workplace Insight. But we could have told you this was simply a post-Covid correction in any case. Data from the report shows 55 percent  of employers are looking to maintain their current headcount, while analysis of turnover from the ONS Labour Force Survey points to lower staff attrition in 2024. Declining staff turnover is being dubbed The Big Stay. (more…)

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