HALF OF WORKERS EXPERIENCED A REAL-TERMS PAY CUT LAST YEAR
Posted on 23rd March 2021 - INDUSTRY NEWS
Pay growth was far weaker and more volatile last year than official headline data suggests, with half of workers experiencing a year-on-year real-terms pay cut last Autumn, according to the Resolution Foundation's latest quarterly Earnings Outlook.
HALF OF EMPLOYERS DON'T HAVE A FINANCIAL WELLBEING POLICY, DESPITE FINANCIAL IMPACT OF COVID-19
Posted on 22nd March 2021 - INDUSTRY NEWS
Despite the financial hardship wrought by COVID-19, half of employers (49%) don't have a financial wellbeing policy. This is according to the latest Reward Management Survey from the CIPD, the professional body for HR and people development. A financial wellbeing policy acknowledges that as income providers, organisations play a vital role in their workers' financial wellbeing. It can be as simple as a commitment to signposting to independent money and debt guidance, offering access to low-interest loans and running pension workshops.
PAY RISES PREDICTED AT 2% IN 2021
Posted on 21st March 2021 - INDUSTRY NEWS
XpertHR's latest research into private-sector employers' pay intentions for 2021 suggests that last year's reading of lower pay awards and an influx of pay freezes is likely to be repeated. For many organisations, pay reviews over the past year were low priority as the need to protect jobs and ensure the viability of the business took precedence. Over the 12 months to the end of December 2020, XpertHR recorded a median 2% pay award, down from 2.5% over the same period the previous year. One-fifth (19.3%) of all pay awards resulted in a pay freeze, compared to around one in 20 (5.3%) in 2019. Almost all the pay freezes recorded in 2020 affected the private sector.
GARTNER HR SURVEY FINDS MORE THAN ONE-QUARTER OF THE WORKFORCE DESCRIBES ITSELF AS DEPRESSED AS A RESULT OF THE COVID-19 PANDEMIC
Posted on 21st March 2021 - INDUSTRY NEWS
A Gartner, Inc. survey of more than 5,000 employees conducted in the fourth quarter of 2020 found that more than one-quarter of the workforce (29%) described itself as depressed as a result of the COVID-19 pandemic. The same survey revealed that nearly half (49%) of employees who reported their organisation offers a mental well-being program participated in it in 2020.
GETTING RECRUITMENT RIGHT BOOSTS UK PRODUCTIVITY BY £7.7BN EACH YEAR - THIS MUST BE USED TO DRIVE THE RECOVERY
Posted on 22nd February 2021 - INDUSTRY NEWS
Professional recruitment and staffing firms increase UK productivity by £7.7 billion each year by using their expertise to get people into the right jobs, new research from the REC reveals. But with only half of Britons (52%) saying that UK companies are doing a good job at recruiting efficiently, there is so much more that could be achieved. The overall cost of a bad hire to a business is estimated to be three times higher than the salary paid, so getting recruitment right has the potential to be huge driver of recovery. In particular, the REC is calling for more UK businesses to drop wasteful approaches and treat recruitment as a critical part of their business success.
UK COMPANIES REPORT STRONGEST EMPLOYMENT INTENTIONS SINCE ONSET OF COVID-19 PANDEMIC, SURVEY SHOWS
Posted on 22nd February 2021 - INDUSTRY NEWS
UK employers are reporting their strongest employment intentions in a year, the latest CIPD/Adecco Labour Market Outlook shows. The survey's net employment intentions figure, which measures the difference between the proportion of employers expecting to add jobs and those planning to cut positions, rose to +11 this quarter - its highest in a year. This compares to -1 in the previous quarter.
WOMEN WORKING IN UK GARMENT FACTORIES FOUR TIMES MORE LIKELY TO DIE OF COVID-19 THAN AVERAGE WOMAN WORKER
Posted on 22nd February 2021 - INDUSTRY NEWS
Women working in Britain's garment factories are four times more likely to die from Covid-19 than the average woman worker, according to new analysis published by the Office for National Statistics (ONS). The analysis of official statistics reveals that women sewing machinists have the highest Covid-19 fatality rate (64.8 deaths per 100,000) of any female occupation. This rate is higher than for women working in at-risk sectors like caring, leisure and other service occupations (27.3 deaths per 100,000).
TIME IS TICKING, DON'T DELAY IN DRIVING YOUR BUSINESS FORWARD
Posted on 1st February 2021
Many businesses have decided to wait before making their next hire. After all, there's plenty of things to wait for: we have to wait for the effect of Brexit to settle down, economic recovery from lockdown, a fuller vaccine roll-out, the' new normal' to establish itself, a return to the office for staff, news on new Covid strains, remote on-boarding process adjustment, absenteeism to reduce... that's quite the list of things to wait on! The truth is, many businesses are deciding that now is the best time to hire, for their business objectives and for their recovery strategy.
'ECONOMIC SECURITY TRAP' DRIVING MILLIONS OF BRITS TO WORK WITH COVID SYMPTOMS, RSA WARNS
Posted on 27th January 2021 - INDUSTRY NEWS
Millions of British workers are putting themselves and others at risk of Covid-19 due to inadequate sick pay and pressure from their employers, new research shows. The RSA (royal society for arts, manufactures and commerce) warns that a growing 'economic security trap' - the choice workers face between protecting their income and their health - is contributing significantly to the spread of the virus.
INDUSTRY AND REGIONAL DIVIDE IN JOB ADVERT RECOVERY
Posted on 27th January 2021 - INDUSTRY NEWS
In December 2020 there were around 1.77 million active job adverts in the UK, an increase of 10.5% on the previous year. A number of factors, including pent-up demand for staff and an increase in the amount of time that employers are leaving job adverts open for, meant that the total number of job postings was notably higher than before COVID-19 hit the UK. However, these figures also show a clear divide in terms of which sectors and regions have been impacted most strongly by the pandemic.
CIPD URGES THE GOVERNMENT TO EXTEND THE FURLOUGH SCHEME AHEAD OF THE BUDGET
Posted on 27th January 2021 - INDUSTRY NEWS
With weeks still to go until the Chancellor's Budget, the CIPD is urging the Government to extend the furlough scheme to protect jobs, support incomes and enhance skills development. Its calls are outlined in a report that the professional body for HR and people development is launching: The Future of Furlough - Recommendations for now and for any future wage subsidy.
