Search Results for: skills

High streets should switch focus to office space and high-skilled jobs

High streets should switch focus to office space and high-skilled jobs

Many British High Streets face a bleak future as policymakers are failing to identify a clear economic focus to city centre regeneration strategies. According to the Centre for Cities’ latest research, in partnership with Nationwide Building Society, success is defined by those policies that create skills, jobs and quality office space for businesses rather than currently accepted interventions such as cultural initiatives, business rate reforms and online sales taxes. (more…)

Workers worldwide think they could outperform their own bosses

Workers worldwide think they could outperform their own bosses

manager and workersManagers should seriously consider giving their employees the reins for a day to test new research that indicates seven out of 10 employees worldwide (69 percent) say they can do their boss’s job better, despite nearly the same number of workers (71 percent) grading their boss’s competence a B or better.

The Global State of Managers research comes from The Workforce Institute at Kronos Incorporated and Future Workplace, which examined how nearly 3,000 employees in Australia, Canada, France, Germany, India, Mexico, the U.K., and the U.S. would grade their manager’s effectiveness across five factors: communication, competence, empowerment, professional development, and support.

According to the study, employees grade their managers high on competence but nearly fail them when it comes to work-life balance and job coaching. Overall, people feel managers are good at their jobs, with the majority of employees grading bosses an A or B for competence (71 percent) – the highest grade given – and work ethic (70 percent).

Bosses also received high marks (B or better) for their communication skills, people management skills, and ability to handle performance-related issues (all 67 percent). The older the employee, however, the more critical they are of their boss: Baby Boomers1 and Gen Xers grade managers more harshly with a C, D, or F for overall people management skills (37 percent and 38 percent, respectively). Worldwide, the employee-manager connection remains critically important: 70 percent of employees say their relationship with their manager is an extremely or very important factor when deciding to remain at their current job, with 22 percent agreeing it’s somewhat important. Millennial (79 percent) and Gen Z (73 percent) employees feel strongest about the importance of the manager relationship for retention compared with Gen X (66 percent) and Baby Boomer (62 percent) counterparts.

Other findings

  • Nearly seven out of 10 people think they can do their boss’s job more effectively.
  • While bosses worldwide are well regarded by their employees, these same employees think they could personally manage even more effectively, with younger Millennial (73 percent) and Gen Z (70 percent) employees most confident they could do better.
  • Based on grades given of a C, D, or F, at least one in three employees feel their manager could improve at modelling work-life balance (37 percent); their ability to coach for better job performance (37 percent); handling performance-related issues (33 percent); and communication (33 percent).
  • For overall people management skills, the majority of workers would “pass” their boss with an A (26 percent), B (37 percent), or C (25 percent); yet 4 percent of employees give a solid F for performance.
  • French, German, and U.K. managers graded worst for competence, while Indian and Mexican workers are happiest overall…with one big exception.
  • Indian employees are by far the most satisfied with their managers, with at least eight out of 10 grading managers an A or B in every category. Conversely, French, German, and U.K. workers are by far the most pessimistic about manager performance, as those countries ranked in the bottom three in every category surveyed
  • Most competent: India (87 percent); Australia (76 percent); Canada (75 percent); Mexico (75 percent); U.S. (71 percent); Germany (62 percent); U.K. (61 percent); and France (59 percent)
  • Best communicators: India (90 percent); Mexico (74 percent); Australia (68 percent); Canada (68 percent); U.S. (67 percent); Germany (59 percent); France (58 percent); and the U.K. (56 percent)
  • Hardest-working managers: India (81 percent); Australia (75 percent); U.S. (73 percent); Canada (72 percent); Mexico (70 percent); Germany (63 percent); U.K. (62 percent); and France (58 percent)
  • Best job coaches: India (83 percent); Mexico (70 percent); U.S. (64 percent); Australia (63 percent); Canada (61 percent); France (56 percent); Germany (55 percent); and the U.K. (51 percent)
  • Most adept at handling performance-related issues: India (86 percent); Mexico (73 percent); U.S. (70 percent); Australia (68 percent); Canada (66 percent); Germany (59 percent); U.K. (57 percent); and France (56 percent)
  • Role models for work-life balance: India (80 percent); Mexico (70 percent); Canada (65 percent); U.S. (65 percent); Australia (62 percent); France (55 percent); Germany (55 percent); and the U.K. (53 percent)

 

Differences by sector and nationality

Despite rating their managers No. 1 in all categories, 95 percent of Indian employees still say they could do their boss’s job better all of the time (47 percent) or some of the time (48 percent). This sentiment is followed by 87 percent of Mexican workers and 71 percent of French workers. Canada (61 percent) and U.S. (59 percent) workers feel the least confident that they could do their boss’s job better – yet it’s still more than half of all employees.

Managers in the technology industry are on top overall, scoring highest marks (A or B) in people management (81 percent), communication (75 percent), and modeling work-life balance (70 percent). Professional services managers (e.g. accountants, engineers, lawyers) rank second-best, with 70 percent of employees grading   them a B or better for people management and communication. Employees in the technology (77 percent) and finance (70 percent) sectors say they have a strong or very strong relationship with   their boss, followed by manufacturing (62 percent); education (61 percent); retail (61 percent); and professional services (61 percent).

There is room for managers to model better work-life balance in frontline industries – i.e. those who must be present to do   their jobs – with 53 percent of employees in federal government, 42 percent in healthcare, and 42 percent in retail giving their boss a C or   worse.

Regarding pure competence, managers are graded worst – C or lower – by public safety (44 percent); federal government (39 percent); transportation/distribution/logistics (35 percent); and healthcare (34 percent) employees. More than one in three employees give poor marks of a C or worse for their manager’s work ethic in federal government (37 percent); healthcare (34 percent); transportation/distribution/logistics (34 percent); and manufacturing (33 percent).

Image by Pixabay 

Aping our robot overlords, Instagrammable buildings and some other stuff

Aping our robot overlords, Instagrammable buildings and some other stuff

What happens to people when their skills become obsolete? If you’re not asking yourself this question already, you probably should. A new study from researchers at MIT and Wharton is the basis for this piece in Quartz at Work which considers the implications for what looks like a small technological change and its consequences for a large number of people who had to reset what they offered employers. (more…)

AI revolution means 120 million people need to reskill

AI revolution means 120 million people need to reskill

The AI revolution means a large number of people need to reskill soonAs many as 120 million workers in the world’s 12 largest economies may need to be retrained or reskilled over the next three years as a result of the advent of artificial intelligence (AI) and automation, according to a new IBM Institute for Business Value (IBV) study. It also suggests that only 41 percent of CEOs surveyed say that they have the people, skills and resources required to execute their business strategies.

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UK workers ready to embrace automation

UK workers ready to embrace automation

UK workers are optimistic about the opportunities technology will create in the future as over 90 percent believe it is changing their workplace and everyday lives for the better. Professionals in the UK stand ready to embrace automation, as findings from over 14,500 respondents in the Hays What Workers Want 2019 Report (registration) suggest that they are interested in using the latest digital technology both in everyday life (70 percent) and even more so in the workplace (80 percent). (more…)

Governments should respond to needs of older workers

Governments should respond to needs of older workers

Illustration of older workers in an officeWhile firms are already being asked to do more to support their older workers by organisations like The Centre for Ageing Better, a new OECD report is arguing that it is an issue that Governments are not addressing as well as they might. It claims that the rapidly ageing population of countries around the world means that governments should promote more and better job opportunities for older workers to protect living standards and the sustainability of public finances.

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Half of people have quit job due to poor work relationship with boss

Half of people have quit job due to poor work relationship with boss

Work relationshipNew research published by Totaljobs claims that nearly half (49 percent) of workers claims that they have quit a job due to the work relationship with their boss going sour and fewer than one in five (18 percent) feel they can trust their boss. Only a third (34 percent) of workers said they felt confident they could approach their manager about a work-related issue, dropping to just 1 in 5 (20 percent) when raising a personal problem. (more…)

Stress of extra Summer workloads can be overwhelming

Stress of extra Summer workloads can be overwhelming

An illustration of a worker with stress through overworkOver a third of workers feel extreme pressure or even experience panic attacks when taking on their colleagues’ workloads over the Summer, a new study from Cornerstone OnDemand claims. The study of over 2,000 UK adults, claims that 81 percent of Brits will take on a colleague’s workload in their absence. Furthermore, while taking on a colleague’s workload, 48 percent of workers are more likely to work through their lunch break or work more than their working hours, contributing to the feeling of stress.

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Businesses should focus on the greater good of people and society

Businesses should focus on the greater good of people and society

Modern corporations should work in the best interests of society and people rather than focusing primarily on making money for shareholders as they may have in the past, according to an influential group of chief executives. The body Business Roundtable, which represents the heads of some of America’s largest companies, including Apple, Amazon and Exxon Mobil, has issued a statement of its updated corporate governance principles. (more…)

Firms need to place more value on older workers

Firms need to place more value on older workers

Older workers are now a key part of the workforceAs we live longer lives, it’s inevitable that more of us want to work for longer. It makes good business sense too: with fewer younger people starting work to replace those set to retire in future years, coupled with uncertainty over Brexit and labour shortages, employers can’t afford to lose older workers.

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“War for talent” and Brexit ramping up staff retention efforts

“War for talent” and Brexit ramping up staff retention efforts

Is the war for talent intensifying?News that over one million EU nationals have been given permission to remain in the UK after Brexit, gaining settled or pre-settled status offers businesses expanded talent pools for plugging skills gaps and talent shortages in their workforce. New research claims that talent management concerns are on the rise. With the ongoing ‘war for talent’ intensifying over future skills requirements, businesses must remain vigilant when it comes to the growing technical skills gaps in their workforce, the report suggests. (more…)

Bosses at financial services firms falling behind on tech know-how

Bosses at financial services firms falling behind on tech know-how

Canary Wharf, home of the UK financial services sectorWith widespread disruption from new and emerging technologies facing companies, the financial services sector is still lacking in both diversity and CEOs with a background in technology, according to recent analysis from recruitment firm,Robert Half UK. According to the results of the annual Robert Half FTSE 100 CEO Tracker, not one of the CEOs leading the FTSE 100’s financial services companies has a background in technology. By contrast, the proportion of CEOs with a background in technology across all sectors has increased by 27 percent over the past year, as the impact of digitisation is felt across multiple industries and sectors. (more…)