November 30, 2018
Economy could achieve significant economic boost by addressing skills gaps in younger people
The UK could boost GDP by around £40 billion a year in the long run if it reduces the number of young people not in education, employment or training (NEET) to match Germany, the best performing EU country. Despite making improvements in recent years, the UK only ranks 19th out of 35 countries across the OECD on a PwC index based on a range of indicators of youth employment, education and training. But this is slightly better than the UK’s ranking of 21st across the OECD on a similar PwC index for older workers released earlier this year. Across England NEET rates vary significantly, reflecting the disparity in educational attainment and job opportunities across the country. In 2017, the West Midlands had the highest NEET rate for 19-24 year olds at 16.7 percent, followed by the North East by 16.3 percent. Meanwhile the South East and South West have the lowest rates, both at 11.5 percent (see table below). (more…)
IT analyst Gartner has forecasted that by 2022 cloud will make up almost a third of IT spending, but only a quarter of SMEs are properly prepared for it, claims a new study. The Missed Middle study, commissioned by Crown Workspace, found that three quarters of UK SMEs are failing to embrace workplace technologies such as cloud, mobile working and digital devices. This could impact their business agility, security and financial efficiency. Cost is the most common barrier preventing SMEs from creating the optimum workspace that features modern technology. For instance voice technology has seen huge adoption over the past few years, however less than one in five respondents are ready for it in the workplace. 
Small and mid-sized businesses have hired three times more people than larger businesses over the past five years and could overtake large companies by 2030, according to new analysis of the latest ONS data commissioned by Santander Business Banking. However, separate research commissioned by the bank has found that significant numbers of young people are failing to recognise the significant job opportunities that SMEs offer. Just a third (35 percent) of Generation Z and Millennials leaving full time education say they wish to work for an SME, while an even smaller proportion, just one in six (18 percent), want to work for a start-up or micro business. 
November 28, 2018
Government treading carefully with proposed plans for gig workers
by Neil Tonks • Comment, Flexible working, Legal news