Record Number of Women In Full-Time Work
Wednesday 22nd January 2020
The UK employment rate has reached a new record high, with 76.3% of the UK’s population in work, that’s a staggering 32.9 million people in work. This figure has been assisted by the increase in women working
full-time. Almost 126,000 more women worked full-time compared to the previous quarter.
The increase is partly due to the retirement age being increased from 60 to 65, as well as the fact that less women are choosing to be economically inactive to care for children or other relatives.
Undermining this positive news is the fact that estimated job vacancies dropped by 11,000 when compared to the previous quarter and by 49,000 compared to the previous year.
Factory Redundancies Increase At Fastest Rate For 7 Years
Monday 16th December 2019
Due to uncertainty in both politics, with the election last week, and the looming Brexit issue, the UK has recently seen the fastest lay off rate of factory workers for the past 7 years.
This uncertainty has affected manufacturing orders in the UK and overseas, and has had the knock on effect of increasing unemployment in the sector which has risen for the eight consecutive month.
Industry leaders are hoping that this trend doesn’t continue
with more political stability and with a resolution to Brexit being reached
early next year.
Employees At Breaking Point Due To Stress Levels
Tuesday 15th October 2019
In recent months mental health has been the focus of many media outlets. Increasingly businesses and organisations are finally realising the issues faced by employees and are working effortlessly to combat them.
A recent survey has revealed that two fifths of the UK workforce admit to being at breaking point due to the levels of stress associated with their jobs. The average employee loses about 5 hours sleep per week due to this problem. 60% of employees has admitted feeling stressed whilst
away on holiday due to the pressures they are under.
The following are the top ten reasons why employees complain
about their jobs:
Amount of work
Lack of recognition
The job itself
Amount of work compared to colleagues
Lack of career progression
4 Day Working Week Favoured By Three Quarters of UK Employees
Tuesday 3rd September 2019
A recent survey of UK employees has revealed that 75% would favour a 4 day working week and 49% would consider a 20% pay cut to achieve
this. The drive towards reducing the working week has gathered pace in recent years.
Many seeing the obvious health and life benefits from a 3 day weekend. Working less could mean higher productivity and a healthier work/life balance.
Denmark currently work 4 less hours per week than the UK and their productivity is 23.5% higher. Whilst Germany who work just under 2 hours
less achieve 14.65% more. These cases clearly illustrate that working less can boost a company’s productivity as employees work harder during their working days to achieve their workloads.
Tuesday 13th August 2019
The ONS (Office for National Statistics) has reported in the year to June 2019 that salaries before bonuses have risen at their fastest rate for 11 years, reaching 3.9%. But levels still haven’t returned to their pre-downturn peak.
Data also showed that the employment rate is estimated at 76.1%, the joint highest since records begun in 1971. This said, unemployment has increased over the quarter to 3.9%.
Although wage rates are slowly moving towards their pre-financial crisis levels, the numbers of job vacancies is in decline. There were an estimated 820,000 vacancies in the UK for May to July 2019, 20,000 fewer than the previous year.
Analysts speculate that due to the possibility of a no-deal Brexit that this downturn in vacancies could worsen as well as slowing down pay rates due to companies tightening their financial belts.
Statutory Sick Pay Changing Under New Governmental Initiative
Tuesday 16th July 2109
The government announced yesterday that it is going to support businesses who are able to get staff back to work as well as providing
improved support for employees with long term conditions or disabilities to stay in the workplace.
They stated that more people will be able to claim SSP under the new guidelines to include mental health as well as physical health conditions.
Their idea is to support employees returning to work after a period of sickness to have a phased and flexible return to work. They are also looking to improve access to quality, cost effective occupational health.
Statistics show that at least 100,000 employees per year leave their job following a 4 week or more period of sickness.
The government hopes that this will ensure more people will be able remain in the workplace creating less pressure on the benefits system
as well as helping business retain their talent base.
Majority of British Workforce Unhappy In Their Job
Tuesday 10th July 2019
A recent employee survey has shown that the majority of British workers are dissatisfied with their jobs.
41% of employees reported being happy most of the time, 47% have no enthusiasm about going to work and 26% are almost never happy.
These statistics contrast when the survey analyses company directors, whereby 68% are reported as being happy most of the time whilst at work.
According to a study by employee engagement organisation Engaging Works the UK ranks a poor 10th place globally on the happiness at work leader board. The scale used runs from zero to ten, where ten is the
highest possible score.
Workplace Happiness Ranking
Over 50’s Creating UK’s Employment Boom
Wednesday 3rd July 2019
With unemployment at a 44 year low and nearly 33 million people now in employment, the UK job market is as strong as ever.
What is astonishing according to recent analysis is that the boom is being helped by an older workforce. Just over 84% of the 357,000 new jobs added to the economy in the last 12 months, were given to those aged 50+.
It is estimated that the over 50’s demographic will represent a third of the work force by the year 2025. An increase due to the extension of the retirement age and in general people living longer. What is also clear is that the need to work into one’s twilight years is becoming more of a necessity due to people struggling to live on their pensions, and also
realising the health benefits of flexible working after retirement age.
2018 Gender Pay Gap Report Shows Little Progress
Saturday 30th June 2019
Organisations employing 250 or more staff are legally required to publish male and female average hourly pay and bonus data each year. With the recent release and analysis of this data it is clear that a significant gap still exists with not enough effort being applied to remedy the disparity. The median gender pay gap is 9.6% and the mean pay gap 13.3%.
Analysis showed the widest gender pay gap was in the financial sector followed closely by the construction sector. Although there hasn’t been
a substantial drop from the previous year it is generally understood that
companies are now taking the issue seriously and are taking the appropriate measures to align salaries. Analysts predict a reduction for the 2019 year as HR departments initiate salary restructuring. However, the size and complexity of the issue means that it’s an ongoing issue that will be slowly but surely resolved-just not overnight.
Agriculture & Forestry 13.0%(+0.1)
Central Government 9.3%(-0.7)
Chemicals, pharma and oil 12.6%(-1.4%)
Electricity, gas and water 10.9%(-0.1)
Engineering and metals 14.9%(+0.0)
Facilities, security and support services 3.8%(-0.4)
Food, drink and tobacco 9.8%(-0.8)
Hotel, catering and leisure 7.6%(-0.7)
Information & communication 20.0%(+0.4)
Local government 6.5%(-0.9)
Non for profit 9.0%(-0.7)
Paper and printing 14.3%(+2.0)
Professional and business services 15.4%(-0.5)
Public education 16.0%(+0.1)
Public health 8.9%(-0.1)
Public safety 10.8%(-0.5)
Retail and wholesale 13.7%(+0.1)
Transport and storage 8.7%(+0.4)
Government Considers 12 Weeks Paid Paternity
Friday 28th June 2019
Currently fathers only receive two weeks’ statutory allowance of £148 per week or 90% of usual pay, whichever is lower.
A report by the Woman and Equalities Committee last year proposed the 12 weeks to encourage fathers to receive fairer treatment when it concerned shared parental leave. Last year only 1% of those eligible for the government’s flagship childcare policy took it up.
Theresa May is eager to leave a legacy when she close the doors of number 10 behind her. This policy could well be one of the final policies she introduces in her final moments of power.