Search Results for: workplace training

Improving employment of older people could boost UK GDP by £180bn 

Improving employment of older people could boost UK GDP by £180bn 

by • News, Wellbeing, Workplace

GDP could be boosted by around £180 billion a year if the UK could match New Zealand’s employment rates for the over-55s. While employment of older workers has improved in the UK in recent years, it still ranks only 21st out of 35 OECD countries according to new analysis from PwC. The consultancy’s Golden Age Index is a weighted average of indicators – including employment, earnings and training – that reflect the labour market impact of workers aged over 55. Iceland tops the rankings followed by New Zealand and Israel. For the OECD as a whole, there is a potential $3.5 trillion economic prize from matching New Zealand’s employment rates for the over-55s.

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Employers and government need to work together to address looming Brexit skills gap

Employers and government need to work together to address looming Brexit skills gap

by • News, Workplace

As the UK continues to navigate a period of uncertainty ahead of its exit from the European Union, new research published by the City & Guilds Group and Emsi claims that nine in 10 employers already struggle to recruit the skilled staff they need. With most industries expected to grow between now and 2024, a significant number of skilled workers will be needed to meet demand. However, People Power, a study based on City & Guilds Group interviewing over 1,000 C-Suite employers in the UK and work with Emsi to undertake extensive economic modelling, has found that two thirds of UK employers think that the skills gaps in their businesses are likely to get worse or remain the same in the next three to five years.

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US companies are waking up to the benefits of caring for employee mental health

US companies are waking up to the benefits of caring for employee mental health

by • Comment, Wellbeing

In 2015, the American Psychological Association chose American Express as the inaugural winner of the Organizational Excellence Award, recognizing successful efforts to integrate psychology and prioritize behavioral health and emotional well-being in the workplace. American Express had an employee assistance program (EAP) for workers dealing with depression and other mental health challenges. The EAP was a telephone-consultation system and only about 4 percent of employees utilized it. After the firm added on-site counselors to meet with employees for free—and rebranded the EAP as part of its “Healthy Living” —the usage rate more than doubled.

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British employees less confident and more stressed over last three years

British employees less confident and more stressed over last three years

by • News, Wellbeing, Workplace

UK employees could be heading for crisis, according to a three-year study by ADP, which has found that three key measures of employee wellbeing – optimism, stress and skills confidence – have taken a hit since 2015. The exact reason for the changes is unclear, however the timings suggest that Brexit may have played a part, along with the rise in new technologies entering the workplace.

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Pay rates for senior management reflect longer working hours argues CMI

Pay rates for senior management reflect longer working hours argues CMI

by • Flexible working, Legal news, News, Workplace

Pay rates for senior management reflect long working hours argues CMIBusiness Secretary Greg Clark proposed new laws in Parliament yesterday (June 11th) that new large firms will have to justify their chief executives’ salaries and reveal the gap to their average UK worker. It means that for the first time, UK listed companies with more than 250 UK employees will have to disclose and explain this difference – known as ‘pay ratios’ – every year. However, according to data published today by the Chartered Management Institute (CMI) and XpertHR, basic salaries for senior managers have fallen in real terms, with inflation overtaking pay increases for the first time in five years. At a time when government are shining a light on executive pay, and linking it via a ratio to workforce pay, separate CMI research has found managers worked an extra 44 days a year last year over and above their contracted hours – up from 40 days extra in 2015. The same research found 59 percent of managers are ‘always on’, frequently checking their emails outside of work and one in 10 had been forced to take sick leave because of stress.

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Overwhelming majority of property professionals now view proptech as an opportunity

Overwhelming majority of property professionals now view proptech as an opportunity

by • News, Property, Technology

The vast majority of property professionals in the UK now regard proptech as an opportunity rather than a threat, new research has found. However, a majority also remain sceptical about their own organisations’ progress on adopting new technology. Those are the key findings of a survey of more than 300 property professionals carried out by Trident Building Consultancy, in association with RICS, GoReport and Teesside University.

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Women are less optimistic than men about the future of work

Women are less optimistic than men about the future of work

by • News, Workplace

Women in the US are less optimistic than men about the future of work, according to a new survey from B2B research firm Clutch. When asked how they view their future career, more than a quarter (27 percent) of working women feel worried or neutral, compared to 20 percent of men. Workers overall have a positive outlook about their future careers, the survey finds. Over three quarters (76 percent) are optimistic about their future careers, compared to 1 in 5 workers (20 percent) who say they are worried. However, gender differences correlate with other factors that impact optimism, including decision-making authority at work, according to the survey’s findings.

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Flow of gig workers moving in and out of Britain will increase due to Brexit

Flow of gig workers moving in and out of Britain will increase due to Brexit

by • Flexible working, News, Workplace

Flow of gig workers moving in and out of Britain will increase due to BrexitUK businesses are already one of the top employers of short contract “gig workers” at an international scale and with Brexit just around the corner,  a new survey commissioned by Graebel and carried out by Wakefield Research found that 97 percent of UK Millennials would be interested in relocating to another country for a contract job. After Brexit takes place, nearly three in five (58 percent) British gig workers are more likely to relocate from the U.K. to another EU country for a contract job, and 72 percent of British Millennials answered the same way. Gig workers in each of the top three gig economy markets (UK, US and Singapore), were asked how companies can cater for the needs of this new generation of workers and how to retain their top talent. New York (33 percent), Los Angeles (21 percent) and Paris (21 percent) are the top three picks for UK gig workers looking to relocate. On the other hand, London is still the top choice for US gig workers (33 percent) and second choice for gig workers in Singapore (26 percent).

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New religion and belief guidance from Acas aims to help prevent discrimination at work

New religion and belief guidance from Acas aims to help prevent discrimination at work

by • Legal news, News, Workplace

New religion and belief guidance from Acas aims to help prevent discrimination at work

New guidance on religion and belief in the workplace has been published by Acas. It is intended to help ensure businesses are following the law when it comes to managing staff that have a particular religion, belief or indeed don’t hold any beliefs. The guidance offers employers essential advice on how to comply with the Equalities Act, which protects employees against discrimination based on religion and belief. The new guidance for employers and employees sets out to explain what religion or belief discrimination is, how to avoid it and includes advice on what the law says about religious dress codes, fasting and time off for religious festivals or holidays.

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Workers fake physical sickness to mask mental health issues due to stigma worries

Workers fake physical sickness to mask mental health issues due to stigma worries

by • News, Wellbeing, Workplace

Workers fake physical sickness to mask mental health issues due to stigma worries

Two fifths (42 percent) of UK employees are calling in sick claiming a physical illness, when in reality it’s a mental health issue, new research from BHSF has claimed. The research was commissioned to raise awareness of employee wellbeing during  Mental Health Awareness Week, a campaign hosted by the Mental Health Foundation, which has stress as its focus this year.  The survey found that 24 percent of employees worry that if they did need to take a sick day, they wouldn’t be taken seriously. Over half (56 percent) of employees admitted to suffering from stress, a third from anxiety (36 percent) and a quarter from depression (25 percent). Despite 46 percent admitting that work is the main cause of their health problems, just 15 percent would tell their boss if they were struggling with an issue of this nature.

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Employers face increasing challenge in finding the right person for the job warns CIPD

Employers face increasing challenge in finding the right person for the job warns CIPD

by • Flexible working, News, Workplace

Employers face increasing challenge in finding the right person for the job warns CIPD

Employment prospects in the UK are improving, as the number of vacancies in the UK economy remain well above historic average levels, but the CIPD is warning that employers’ demand for skills and labour may not be met by supply. The latest Labour Market Outlook from the CIPD and The Adecco Group shows that employers’ near-term employment expectations have risen to a five-year high. This continued growth in demand for labour, while highlighting employer optimism, is set to lead to a further tightening of the UK labour market for employers, making it harder for them to find the skills and labour they need. Almost two-thirds (61 percent) of employers in the survey said that at least some of their vacancies are proving hard to fill.  By comparison, just over half (56 percent) of employers reported that they were currently having difficulty filling vacancies in their organisation during the same period in 2017. In response, more than a quarter (28 percent) said that they are raising wages to tackle their recruitment difficulties. The report authors also suggest that offering staff more flexible work and collaborative spaces could help with recruitment and retention.

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Majority of US employers say they will increase or maintain headcount due to automation

Majority of US employers say they will increase or maintain headcount due to automation

by • AI, News, Technology, Workplace

Majority of US employers say they will increase or maintain headcount due to automationCompanies will need more, not less people, in the near-term to meet the demand stimulated by automation, claims a new report from ManpowerGroup. The report – Robots Need Not Apply: Human Solutions in the Skills, found that 91 percent of employers in the US will maintain or increase headcount in the next two to three years as industries shift to more advanced, automated processes. The report provides a real-time view of the impact of automation on headcount, the functions most affected and the soft skills that are both of greatest value and hardest to find. Frontline and Customer-Facing functions anticipate the most growth as organisations place higher value on customer service and human interaction. Manufacturing and Production functions are close behind. Back-office functions that are routine or add less value to customer interactions are under greatest threat as organisations implement new technology to drive efficiency. In this Skills Revolution the best blend of high-tech and high-touch will be the combination of human strengths with technical and digital know-how: 61 percent of companies say communication skills, written and verbal, are their most valued soft skill followed by customer service, collaboration and problem-solving.

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