December 10, 2019

Always on working culture in financial services sector driving staff to burnout

by Neil Franklin • Flexible working, News, Wellbeing

More than nine in ten banking and financial services professionals in the UK work beyond their contracted hours every week, according to a new survey — laying bare the extent of the City’s always on working culture. Almost half, or 47 percent, said that they do not leave the office or take a break at lunchtime, according to the survey by Morgan McKinley. The recruitment firm canvassed the views of around 480 finance workers in an informal poll to come to its conclusions. (more…)

December 9, 2019

Two-thirds of major world cities set for weaker growth as global slowdown bites

by Neil Franklin • Cities, News

A new report from Oxford Economics (registration) predicts that the present slowdown in the global economy will persist into next year and it is already having a significant impact on growth in the world’s major cities and their prospects. Of the top 900 cities around the world, the report predicts that just under two-thirds, some 586, will experience slower growth in the period 2020-21 than they enjoyed during the past five years – in some cases, very markedly slower, with growth rates of some key cities halved or more. (more…)

December 9, 2019

Do emails outside of work hours breach employment law?

by Darius Whelan • Comment, Technology, Wellbeing

It is common for many employees to send, read and reply to work emails at all hours of the day and night, including weekends. This change in work culture developed in recent decades and has accelerated with the advent of smartphones. But is this a breach of employment law? The short answer is that “it depends” and we need some test cases to clarify the situation, not least in the UK. Some workplaces have a culture of long working hours and it can be difficult for an individual employee to go against it. The contract may refer to a 40-hour week but the reality may be very different. Smartphones and other digital devices have contributed to a culture of “digital presenteeism”. (more…)

December 6, 2019

Age discrimination now begins for tech workers at 29

by Jayne Smith • News, Workplace

A new study from tech recruiter CWJobs claims to identify what it calls the ‘staggering level’ of ageism that IT and tech workers face at work. From seemingly innocuous comments to being overlooked for promotion in favour of younger colleagues, a worrying number of the UK’s tech-sector employees are facing daily hurdles to prove they’re not yet a career ‘dinosaur’. Well over a third (41 percent) of IT and tech-sector workers said they have observed age discrimination in the workplace, compared to 27 percent average across other UK industries. It’s no surprise then that 61 percent of workers in the sector answered ‘yes’ when asked if, in the tech industry employees experience prejudice when considered to be older, the highest of any UK sector. (more…)

December 6, 2019

Employers still not fully embracing flexible working

by Neil Franklin • Flexible working, News

Employers aren’t doing enough to help their employees to work flexibly, according to a survey by Tiger Recruitment, which has found that a third of UK workers questioned (32 percent) aren’t happy with the flexible working options available to them. The study of over 2,000 employees claims that only a third have the option of home or remote working – a seven percentage point drop since last year – while only one in five (22 percent) are offered the option of flexi-time, and even fewer have access to informal flexibility (19 percent) or the opportunity to go part-time (18 percent). (more…)

December 6, 2019

Firms turning to “corporate wellness” programmes as a solution for stress

by Neil Franklin • News, Wellbeing

A new report by workforce performance firm CR Worldwide (CR), drawing on data from 287,000 employees at over 120 large enterprises, claims that as the incidence and awareness of the issue of stress grows, firms have responded with a 22 percent year-on-year increase in UK spending on perceived solutions such as corporate getaways with companies now spending an average of £3,100 per person per trip. The proportion of activity or nature-based business trips involved in such wellness programmes has more than doubled to 56 percent in 2019 compared to the previous year. With human-animal interactions believed to have therapeutic effects on mental health, UK firms are also increasingly offering ‘nature tourism’, from orangutan treks in Borneo to working with endangered rhinos in Rwanda and shark diving. Husky sledging is now among the top 5 Christmas corporate travel activities for UK firms. (more…)

December 5, 2019

The menopause and other female health issues should be addressed in better ways

by Jayne Smith • News, Wellbeing

From menstruation to menopause, the challenges that come with being a woman at work is causing reoccurring career breaks, which are costing UK businesses, according to a new report from Bupa. As many as 11 million women have had to take a long-term leave of absence at some point during their working life, from their late teens to their early seventies. (more…)

December 5, 2019

Gartner report sets out top 5 priorities for HR leaders in 2020

by Neil Franklin • News, Workplace

As 2020 approaches, HR leaders are focused on five key measures to continue driving business outcomes, according to a report from Gartner. The priorities include: building critical skills and competencies, strengthening the current and future leadership bench, incorporating organisational design and change management, driving digital business transformation, and enhancing employee experience. (more…)

December 5, 2019

Firms know of a link between worker experience and success, but cannot find it

by Neil Franklin • Business, News

Against a backdrop of Brexit, political turmoil and a global talent war, retaining the best staff to deliver a competitive advantage has become a crucial priority for many UK business leaders – however few know how to create and deliver the best worker experience, according to new research from Kincentric. (more…)

December 4, 2019

Employee engagement linked to improved financial performance

by Neil Franklin • News

Companies which make employee engagement a strategic priority may be more likely to perform better financially, according to research released today. An analysis of the UK’s biggest companies found that those which frequently reference “employee engagement” in their annual reports also perform better financially. The findings were released by Sideways 6 which analysed the annual reports of the FTSE100 Index for each of the last three years (2016-18). (more…)

December 4, 2019

Migration adds billions to European economies, report claims

by Neil Franklin • Business, News

A new study claims that the income from taxation and the benefits of welcoming an educated workforce in EU member states adds up to tens of billions of pounds. According to an analysis by Movinga, the UK gains the most in overall earnings over 10 years with around £20.5 billion, followed by Germany with £16 billion, and France with £10.5 billion. The report claims that the overall earnings and savings from highly skilled migration to the UK over a ten year period in the STEM, Education and Healthcare sectors could cover the annual expenditure of the UK Parliament 37 times over. The overall earnings and savings from highly skilled migration to the UK over a ten year period in the Healthcare sector alone is equivalent to the cost of 37,000 secondary care (emergency) hospital beds per year. (more…)

December 4, 2019

Being yourself at work has its downsides for many people

by Neil Franklin • News, Wellbeing

Being yourself at work has a lot of positive effects. Research supports the hypothesis that authenticity can lead to psychological benefits, including boosting self-esteem, and making people feel happier and more energised at work. But according to new research from academics at Rotterdam School of Management, Erasmus University (RSM) authenticity can also be a recipe for disaster. The study ‘Being your true self at work’ reviews the extant empirical work across 10 different authenticity constructs. and has been published in the Academy of Management Annals. (more…)