February 20, 2022

Firms will need to build bridges with employees as they adapt to hybrid working

by Neil Franklin • Flexible working, News, Workplace

As we enter a new phase of working life following the short term changes made to cope with the pandemic, the three key priorities for the 1,300 employers surveyed by the Benefits & Human Resources Consulting operation of Gallagher for its 2021/2022 State of the Sector report (registration) are: the need to re-engage their teams around purpose, strategy and values (53 percent); the need to adapt communication channels to engage the workforce better as they move to newly implemented models of hybrid working (39 percent); and the need to enhance people manager communications (31 percent). (more…)

February 17, 2022

ESG issues top wish-lists for investors and employees

by Neil Franklin • Environment, News, Workplace

The annual EY Long-Term Value and Corporate Governance Survey finds a significant increase – from 66 percent to 84 percent – of board members and C-suite who say the COVID-19 pandemic increased expectations from consumers, employees, governments and broader society that companies will drive societal impact, environmental sustainability, and inclusive growth. However, there’s also an increase – from 28 percent to 43 percent – in respondents identifying lack of commitment from the board to make decisions that fully integrate ESG factors that would lead to long-term value. Fifty five percent of respondents say there are significant differences of opinion among leadership on how to balance short-term considerations with long-term investments and sustainable growth. That figure jumps to 68 percent of board chairs and non-executive board directors. (more…)

February 15, 2022

The opportunities and challenges of new technologies for AML

by Freddie Steele • Company news, Technology

Back in 2021 the Financial Action Task Force (FATF) put out a paper on the opportunities and challenges that new technologies are bringing to Anti-Money Laundering (AML) and counter-terrorist financing (CTF) efforts. If you are unaware of who the FATF is it may be worth your while to investigate farther into it. For now, though, let it be known that they are an independent inter-governmental body that defines the rules and procedures that need to be in place to prevent these two criminal activities. (more…)

February 14, 2022

Record pay rises on the cards to address tough recruitment conditions

by Neil Franklin • News, Workplace

Employers anticipate offering record pay rises of 3 percent in 2022 as they look to combat increasing recruitment and retention difficulties. This is the headline finding from the CIPD’s latest quarterly Labour Market Outlook, which highlights the scale of the growing challenge facing organisations in finding and keeping staff, and how they are responding. This quarter’s pay award figure is the highest since the survey was conducted using its current methods in the winter 2012/13 report. The Labour Market Outlook surveyed more than 1,000 employers in January 2022 about their hiring, pay and redundancy intentions for the first quarter of the year. (more…)

February 8, 2022

New business climate demands agility from managers, report claims

by Jayne Smith • Business, News

A new report, The Big Reset Playbook: Change Agility (registration) from work trends analyst The Josh Bersin Company, claims that traditional approaches to change management have often fallen short of expectations, and that new workplace practices based on agility are now needed to manage change in a new business climate. According to the report ‘businesses are looking to tackle the challenge of managing change in a new reality that includes the shift to hybrid working, globalization and The Great Resignation’. The research claims that in companies that successfully manage change, leaders and high performers reinforce the company’s mission and purpose, explain how their reinvented business models work, create cross-functional teams to design and implement change, and maintain forward momentum. (more…)

February 3, 2022

Critical industries at risk of collapse as people shun key worker jobs

by Neil Franklin • Jobs, News, Workplace

Sectors critical to putting food on the table and looking after the health of people are on a cliff edge as working age adults shun many of the essential jobs in critical industries that keep the UK running – from food production and logistics to health and social care. That’s according to new research from skills development organisation, City & Guilds. The research finds that despite key workers seeing the nation through the pandemic, the UK’s most vital industries are being threatened by growing skills shortages, as poor reputations and concerns about low pay turn off potential new recruits. (more…)

January 27, 2022

Learning first aid is an essential skill for the modern workplace

by Freddie Steele • Company news, Promotion

First aid is a type of emergency care that is administered in the event of an injury. Volunteers within the community can receive this training so that they can help with emergencies before the proper authorities arrive on the scene. First aid includes CPR, cleaning wounds, and supporting breaks or sprains. A person giving first aid cannot fix a problem- that is for the paramedics and doctors to do. So, why is learning first aid so important, especially in the modern workplace? (more…)

January 21, 2022

Employment opportunities denied to people from low socioeconomic backgrounds

by Neil Franklin • Jobs, News, Workplace

Over 50 percent of UK job seekers from low socioeconomic backgrounds miss out on employment opportunities, claims a study of over 2,200 people. The survey (registration), from EdTec startup Forage suggests that employers must refine their social mobility initiatives to achieve a fair recruitment process for all. (more…)

January 20, 2022

Wellbeing ‘not necessarily’ harmed by long hours, study claims

by Neil Franklin • News, Wellbeing

Putting in overtime often comes at a cost of stress, burnout and depression. But extra work doesn’t always negatively affect wellbeing. In fact, according to recent research from academics ESCP Business School, it could be the opposite. According to the study, the crucial difference lies in the motivation behind the long hours, whether they stem from an inner desire or external pressures. (more…)

January 18, 2022

Third of people don’t trust their leaders at work

by Neil Franklin • News, Workplace

Leaders need to work harder to build trust among employees with 32 per of U.K. workers admitting to not trusting senior leaders. These are the findings from O.C. Tanner’s 2022 Global Culture Report which analysed the perspectives of over 38,000 employees, leaders, HR practitioners and executives from 21 countries around the world, including over 2,500 from the U.K. The findings are a marginal improvement on 12 months’ ago in which slightly more workers (35 per cent) confessed to not trusting senior leaders. (more…)

January 18, 2022

How to provide a great place to work for remote workers

by Richard Guy • Company news, Flexible working

Remote working swiftly evolved from a stopgap lockdown solution into a globally successful workstyle – and it’s set to stay. According to research quoted by CityAM, “84 per cent of UK businesses plan on having a hybrid, flexible or remote workforce following the pandemic”. Some companies, like Deloitte, have placed all bets on remote in closing their offices and basing employees from home, enjoying a vast reduction in operational costs. This flexibility has offered immediate benefits for remote workers, ranging from lifestyle and financial to positive influences on wellbeing. Workers in particular social groups have experienced life-changing situations, securing work in previously inaccessible geographic locations. (more…)

January 11, 2022

Great Resignation offers firms a chance to create the Great Retention

by Erin Eatough • Comment, Flexible working, Wellbeing, Working culture

The last 18 months have seen unprecedented change. Covid-19 has forced people to re-evaluate every aspect of their lives, including their career. As a result, we’ve seen a surge in workers taking charge of their careers and leaving their jobs as part of the so-called Great Resignation. Recent data from the ONS shows that there were nearly 1.2 million job vacancies in the UK this quarter, with 15 of 18 sectors reporting record numbers. (more…)