Search Results for: workforce

August 31, 2018

Levels of engagement amongst the UK workforce trail behind other European countries

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

Employers in the UK need to improve working conditions, as the UK’s workforce pride is trailing behind other European countries, a new report claims. The survey from Cornerstone OnDemand and IDC found just a 48 percent approval rating by UK workers, with just 52 percent of respondents “completely agreeing” that they are proud to work for their organisation – a steep drop compared to countries such as Italy (59 percent) and Norway (66 percent). While UK work satisfaction is falling behind the rest of Europe, it is however ranking higher for employer recommendations. Almost half (47 percent) of Brits “completely agree” that they would recommend their current employer to others, versus 43 percent in Sweden and 41 percent of respondents in the Benelux regions. When it comes to employer attractiveness, only 47 percent of UK respondents “completely agree” that their organisation is an attractive place to work, in comparison to 51 percent of Spanish respondents and 56 percent of Finnish respondents. So while the UK is ahead in some criteria, the findings suggest there’s work to be done if British employers want an improved result.

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July 10, 2018

Employers welcome multi-generational workforce but worry about increased risk of conflict

by Sara Bean • Legal news, News, Workplace

Improved living standards, deflating pension pots and legal protection against age discrimination have all helped to nudge up the retirement age. The result is that for the first time since the Industrial Revolution five generations of employees are now working side by side. According to a new survey, two thirds of organisations (66 per cent) say that an age diverse workforce helped the company to have a more comprehensive skillset and knowledge base and more than seven in ten (71 per cent) felt that a multi-generational workforce brought contrasting views to their organisation. However, in the YouGov survey of middle market businesses commissioned by RSM, four in ten companies (41 per cent) said that a multi-generational workforce also increased the risk of conflict in the workplace. (more…)

June 29, 2018

Companies need to capitalise more on enthusiasm for data amongst the workforce

by Sara Bean • AI, News, Technology, Workplace

A major global report has revealed a lack of confidence in data is limiting corporate success in the emerging era of robotics and automation. The global research launched by Qlik, has revealed an escalating skills gap preventing business decision-makers asking the right questions of data and machines. Despite McKinsey reporting that up to 800 million global workers will lose their jobs by 2030 as a result of automation and robotics, and Gartner hailing data literacy at the must-have skill in the workplace, most business decision-makers (76 percent) lack confidence in their ability to read, work, analyse and argue with data. The highest level of doubt in data skills can be found among European executives (83 percent), followed by those in APAC (80 percent) and the US (67 percent). According to the report, as organisations look to be data driven, those employees who can read, work, analyse and argue with data will be able to contribute more to their roles and organisations and employers need to capitalise on this enthusiasm to drive the programme for data literacy.

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May 31, 2018

Majority of global workforce now work somewhere other than the office every week

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

Technological change, globalisation and changes in employee expectations mean that over two-thirds of global employees now work remotely every week, and over half do so for at least half of the week. Though it must be said this is according to a new study from IWG, which is the parent group of workspace companies including Regus and Spaces, the study found that every week 70 percent of employees are working at least one day a week somewhere other than the office. More than half (53 percent) work remotely for half of the week or more, whilst more than one in 10 (11 percent) people work outside of their company’s main office location five times a week. The survey adds also that flexible working and the use of shared workspaces are no longer the preserve of start-ups. The world’s most successful businesses – including varied companies such as Etihad Airways, Diesel, GSK, Mastercard, Microsoft, Oracle and Uber – are already adopting a flexible workspace approach.

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May 3, 2018

Global talent crunch will include UK workforce deficit of nearly 3 million employees by 2030

by Sara Bean • News, Workplace

A shortage of skilled employees will continue to impede growth and if not addressed, could have a significant impact on major global economies by 2030, claims a new study. Korn Ferry’s Global Talent Crunch study estimated the gap between future talent supply and demand in 20 major economies at three milestones: 2020, 2025 and 2030, and across three sectors: financial and business services; technology, media and telecommunications (TMT); and manufacturing and found that a talent deficit issue could threaten economies and sectors across Europe. Germany could experience the largest deficit of 4.9 million workers and could lose out on $629.89 billion of annual revenue by 2030 if labour shortages are not addressed – equivalent to 14 percent of its economy.

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April 2, 2018

Combination of factors means UK faces severe workforce crisis by 2025

by Neil Franklin • News, Workplace

New projections published in Mercer’s Workforce Monitor predict that a perfect storm of falling net migration driven by Brexit and an ageing population, will lead to a severe shortage in the UK labour market. If these challenges are not met with immediate action by UK employers, they will face significant costs trying to attract workers with the leadership and skills they need to execute their business strategies. Mercer anticipates the UK workforce will increase by just 820,000, or 2.4 percent, by 2025, a significant reduction in recent trends that have seen 9 percent workforce growth in the 10 years to 2015. For the first time in half a century, the overall population will be increasing at a faster rate than the workforce, creating long term structural challenges for the economy.

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February 19, 2018

The key to tackling future economic challenges is to harness the ageing workforce

by Mark Eltringham • News, Workplace

Providing American seniors with better work incentives and opportunities will be crucial for the United States to meet the challenges of its rapidly ageing population. By 2028, more than one in five Americans will be aged 65 and over, up from fewer than one in six today, according to a new OECD report. Working Better with Age and Fighting Unequal Ageing in the United States finds that employment rates among older workers in the United States are above the average across OECD countries. In 2016, 62 percent of all 55-64 year olds were employed compared with the OECD average of 59 percent. However, employment rates are much lower among the ageing workforce. Early retirement is prevalent among workers from vulnerable socio-economic backgrounds, often occurring as soon as Social Security benefits become available at age 62. Poverty among seniors is a challenge: more than 20 percent of peopled aged 65 and over have incomes below the relative poverty line – defined as half of the median disposable household income – compared with the OECD average of less than 13 percent.

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February 16, 2018

Poor management blamed for low levels of productivity amongst UK workforce

by Sara Bean • News, Wellbeing, Workplace

A third of workers (32 percent) regularly struggle to be productive in their job, and one in six (16 percent) blame their manager – claims a new survey from ADP. This puts bad management ahead of inefficient systems and processes (15 percent) and staff shortages (13 percent) as the biggest drain on productivity in the UK workplace. The UK has been grappling with low productivity levels for a number of years, consistently placed behind other leading economies, such as Germany and the US in official productivity tables. While recent ONS figures suggested a recovery is underway, reporting the biggest jump in productivity levels for six years, the ADP findings suggests that UK PLC isn’t out of the woods just yet. Barriers to productivity also vary significantly based on age, with over 55s the most affected by bad management (20 percent), while 16 to 24-year olds are more affected by social media (22 percent) distractions from colleagues (21 percent) and stress (18 percent).

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January 18, 2018

Over 50s will come to dominate self-employed workforce by 2024, report claims

by Mark Eltringham • News, Wellbeing, Workplace

The number of over-50s in work is rapidly increasing, so much so that this demographic is set to make up the majority of the UK’s self-employed workforce within the next seven years. The updated research from Hitachi Capital UK and CEBR (Centre for Economics and Business Research) found a rebalancing of the economy away from younger generations, as the 24 million over-50s in the UK become an increasingly important demographic of entrepreneurs and business owners. The data also suggests that an increasing number of 50-64 year olds choose not to retire and instead stay active in the labour market, with the rate of employment rising significantly between 2012 and 2016 from around 65 percent to 71 percent. CEBR projections show that the number of employed 50-64 year-olds will surpass 9 million before the end of 2018, and by 2021 there will be 10 million 50-64 year olds in work.

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January 5, 2018

Poor management driving nearly half of UK workforce to seek a new job

by Mark Eltringham • News, Workplace

Nearly half of the UK workforce (47 percent) will be looking for a new job in 2018, with nearly 1 in 5 people already actively searching for opportunities, according to new research produced by Investors in People (IIP) in their annual Job Exodus Survey 2018. These findings highlight an improvement in satisfaction across the UK job market according to IIP, representing a fall of 12 percent on last year’s figure, where 59 percent of respondents stated the intention to seek a new job. However, despite the reduction in the proportion of those considering a job move, there are still nearly 1 in 4 unhappy workers.

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December 19, 2017

Employers want to grow workforce next year, but concerned about Brexit impact

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

Just over half (51 percent) of firms across the UK will grow their workforce in the year ahead, with confidence highest amongst small and mid-sized firms (58 percent) according to the latest CBI/Pertemps Network Group Employment Trends Survey. But the survey warns that delivering further jobs growth depends on businesses being confident they can remain competitive if they choose to base staff in the UK. Nearly two thirds (63 percent) currently believe that changes in the UK labour market will contribute to Britain becoming a less attractive place to invest and do business over the next five years – up from 50 percent last year and 25 percent in 2015. Skills gaps were the single most prominent worry facing firms, with nearly four in five (79 percent) respondents highlighting this as a worry – up from 64 percent in 2016. Access to overseas workers is a big contributor to this, with nearly half of respondents (49 percent) identifying uncertain access to labour supply – up from 35 percent in 2016 as a concern.

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November 7, 2017

New research identifies nine distinct segments of the self employed workforce

by Mark Eltringham • Flexible working, News

Far from being a homogeneous group, nine distinct segments of the solo self-employed workforce have been identified in new research published by the Centre for Research on Self-Employment, in partnership with IES. This segmentation furthers understanding of the solo self-employed population, including the levels of independence and security, and variation in earnings across this broad section of the UK workforce. The solo self-employed are those who do not employ other people and therefore work on their own account, and makes up 84 per cent of the self-employed workforce.

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