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☆ Calling in sick is now a lot more complicated
▼ + stars: | 2024-09-08 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

But despite their industrious reputation, predominantly white-collar Americans who do receive paid time off are taking more sick leave than ever before. AdvertisementBut HR professionals told Business Insider there's another major shift affecting attitudes toward sick leave: the arrival of Gen Z in the office. He said he believed that Gen Z workers' expectations may seem unorthodox because the differences between Gen Z and millennials are starker than generational differences in the past. Pressure to keep workingIn the UK, where legislation has entitled all workers to sick pay since 1983, the issue of sick leave isn't as pertinent. How to treat a sick employeeThough some data suggests US workers are taking more sick days, they're hardly becoming slackers.

Persons: —, Gen Z, Rue Dooley, Xer, Dooley, Z, Xavier Lorenzo, Getty, Gen, Cary Cooper, Cooper, that's, they're Organizations: Service, US Bureau of Labor Statistics, Business, Society for Human Resource Management, Chartered Institute, Personnel, University of Manchester, Pew Locations: Europe, California

☆ Strong pay growth in UK spreads to public sector, survey shows
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Afolabi Sotunde/file photo Acquire Licensing RightsLONDON, Nov 13 (Reuters) - Strong pay growth in Britain's private sector will be matched in the public sector in the year ahead, according to a survey which showed no sign of an easing of inflationary heat in the jobs market. The Chartered Institute of Personnel and Development (CIPD) said employers in the private and public sectors both planned 5% pay rises, meaning public workers were on course for their biggest pay rise since CIPD began its surveys in 2012. The CIPD survey showed 51% of public-sector employers reported hard-to-fill vacancies compared to 38% of private-sector employers. "There remains strong demand for people, particularly in the public sector. It’s no surprise therefore that employers are expecting pay increases to match that of the private sector to remain competitive."

Persons: Afolabi, CIPD, Rishi Sunak, Jon Boys, William Schomberg, Andy Bruce Organizations: REUTERS, Chartered Institute, Personnel, Bank of England, Reuters, Thomson Locations: Canary Wharf, London, Britain

☆ UK workers take most sick leave in over 10 years, employers say
▼ + stars: | 2023-09-25 | by ( David Milliken | ) www.reuters.com time to read: +2 min

LONDON, Sept 26 (Reuters) - British workers took the most sick leave in more than a decade during the past year, a survey of employers showed on Tuesday, adding to signs of a lasting increase in ill health since the COVID-19 pandemic. The Chartered Institute of Personnel and Development (CIPD) said a survey of several hundred employers showed the average employee took 7.8 days of sick leave during the past year. External factors like the COVID-19 pandemic and the cost-of-living crisis have had profound impacts on many people's wellbeing," said Rachel Suff, the CIPD's senior employee wellbeing advisor. Public-sector staff took over two weeks' sick leave on average, nearly twice as much as employees in private-sector services firms. More than a third of employers said COVID-19 remained a significant cause of short-term absence, although minor illnesses, injuries and mental ill health were all more common reasons.

Persons: Rachel Suff, David Milliken, William James Our Organizations: Chartered Institute, Personnel, Public, National Statistics, Thomson

☆ Companies are increasingly making counteroffers to staff who have been offered new jobs — often because they can't be bothered to find replacements — UK survey finds
▼ + stars: | 2023-08-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Around 40% of UK employers have given counteroffers to staff looking to job hop in the past year, a survey found. Employers are hoping to retain staff for their knowledge, and skills, and to avoid replacing them. Almost half of employers say counteroffers are effective in retaining employees for at least 12 months. Some 40% say they do this by exceeding pay offers given by other employers, while 38% said they match the offers of other employers. Half of employers are planning to use counteroffers in the next year to retain staff for their company knowledge and technical skills, the CIPD's survey found.

Persons: they've, Gallagher, Yoko Spirig, counteroffers, Insider's Aki Ito, Michelle Reisdorf, Robert Half, Ito Organizations: Employers, Service, Privacy, Workers, Chartered Institute, Personnel, Google, Ford, Spotify, JPMorgan Locations: Wall, Silicon

☆ UK employers plan 5% pay rises, many resort to counteroffers: CIPD
▼ + stars: | 2023-08-13 | by ( David Milliken | ) www.reuters.com time to read: +2 min

Pay expectations in the public sector rose to 4%, the highest recorded by the CIPD, from 3.3%. Growth in earnings excluding bonuses - which typically runs slightly higher than pay settlements - was an annual 7.3% in the three months to May. The CIPD said businesses were also becoming more likely to match or exceed pay offers by rivals for their staff. However, almost a third of employers believed counteroffers were ineffective at keeping staff. "For some employers, counteroffers may only be valuable as a short-term option and ... employees will move if wider aspects of the job, such as workload, autonomy and environment, don't meet their expectations," the CIPD said.

Persons: Rishi Sunak, BoE, David Milliken, William Schomberg Organizations: Chartered Institute, Personnel, Private, of England, Data, Thomson

INVESTMENT HELPSThe company based in Hove on Britain's south coast was one of 61 firms - most with 25 or fewer employees - to take part in the world's biggest four-day week trial last year. The experience of some companies in the first trial suggests that moving to a four-day week might help, if it prompts firms to spend more on equipment and training. It piloted a four-day week for its 80 New Zealand staff over 18 months, and has since extended it to 500 workers in Australia, a move it hopes will attract new talent. British recruitment agency Reed.co.uk said it had seen a rise in the number of job advertisements offering a four-day week since the start of the year. Allcap, a supplier of industrial components with 36 employees in western England, tried a four-day week after its staff had worked flat out during the pandemic to supply protective equipment and ventilator parts.

☆ UK public sector employers plan to raise pay by most since 2012
▼ + stars: | 2023-05-14 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

LONDON, May 15 (Reuters) - British public sector employers plan the biggest pay increases in over a decade and private sector deals are set to remain high, according to a survey published on Monday, potentially adding to worries at the Bank of England. However, the gap between public and private employers' wage expectations remained wide, with those in the private sector expecting to raise pay by 5% in the coming year, unchanged from three months before. Official data showed average private sector wages in the three months to February were 6.1% higher than a year earlier. More than half of survey respondents in the public sector noted struggles with hard-to-fill roles and 45% expected similar problems in the next six months. Four in 10 private sector recruiters reported hard-to-fill jobs while 23% anticipated significant difficulties filling vacancies over the next six months.

☆ Britain's digital tax risks becoming permanent, says tax body
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 5 (Reuters) - A levy imposed by Britain on the revenues of big tech companies such as Google, Facebook and Amazon in 2020 as a stopgap measure pending an international tax agreement risks becoming permanent, a group of tax experts said on Wednesday. The levy was introduced after concerns were raised about low levels of tax paid by some major tech companies, and raised 358 million pounds ($447 million) in its first year. Without an agreement on how to allocate taxation rights that all major trading partners could sign up to, there was a real risk that the tax could effectively become permanent, the CIOT said. "A revenue tax such as this is a blunt instrument that cannot accurately represent the tax on the profits generated in the UK," the CIOT's director of public policy, John Cullinane, said. The tax is forecast to raise around 3 billion pounds by 2024-25, it noted.

☆ UK government should focus on younger workers, not just over-50s, employers say
▼ + stars: | 2023-03-12 | by ( David Milliken | ) www.reuters.com time to read: +2 min

Unlike in most other rich countries, Britain's labour force is still notably smaller than it was before the COVID-19 pandemic. But the CIPD pointed to the high number of younger people who were outside the labour market. "It's important that the current focus on addressing the decline of over-50s in employment doesn't obscure the need and opportunity to get more young people into work," CIPD economist Jon Boys said. In January he urged those who had retired early to do more than just play golf. However, many people who have retired early are not under financial pressure to go back to work, while those who are unwell can face long waits for medical treatment.

☆ UK strikes hit a 30-year high as inflation erodes pay
▼ + stars: | 2023-02-14 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

Many public sector workers have been offered raises of 4% or 5% for the current financial year, far lower than the 10.5% annual inflation rate in December. Real pay fallsThe UK government has so far refused to grant public sector workers higher pay awards, arguing that doing so risks making the inflation problem worse. For public sector workers, the decline in real pay will have been worse as, without adjusting for inflation, their wages grew a lot less compared with private sector earnings. The ONS said private sector pay growth was at its strongest outside the height of the coronavirus pandemic. “However, median anticipated public sector pay rise expectations of 2% lag those in the private sector at 5%, with the gap providing the context for ongoing discontent and strikes among key public sector workers,” the CIPD said.

☆ UK firms plan biggest pay rises since 2012 to fill staff gaps
▼ + stars: | 2023-02-13 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

Expected median annual pay awards in 2023 rose to 5% - the highest since CIPD records began in 2012 - from 4% in the previous three months. The survey also showed the gap between public and private employers' wage expectations widened. Planned pay settlements in the public sector fell to 2% from 3% in the quarter before, compared to 5% in the private sector, the CIPD said. The results highlighted the squeeze on living standards as key workers including nurses, teachers and public transport staff stage a series of strikes over pay and work conditions. BoE Governor Andrew Bailey last week expressed concerns about wage-setting, despite signs that the surge in inflation has turned a corner.

☆ Europe could dodge a recession. But the UK economy is in a mess
▼ + stars: | 2023-01-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

London CNN —Business activity across the 20 countries that use the euro expanded in January for the first time in six months, according to data published Tuesday, providing fresh evidence that Europe’s economy could confound expectations and dodge a recession this year. The UK survey is conducted in conjunction with the Chartered Institute of Procurement & Supply. “Weaker-than-expected PMI numbers in January underscore the risk of the UK slipping into recession,” Williamson said. The UK economy lost more working days to strikes between June and November 2022 than in any six-month period over the previous 30 years, according to data published last week by Britain’s Office for National Statistics. Separate data published by the ONS on Tuesday showed that UK government borrowing hit £27.4 billion ($33.7 billion) in December, the highest figure for that month since records began in 1993.

☆ UK recruiters plan record pay rises but real wages lag inflation, survey shows
▼ + stars: | 2022-11-14 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

LONDON, Nov 14 (Reuters) - British employers are planning the biggest pay hikes in a decade to fill roles but real-term wages will still grow more slowly than inflation, a survey showed on Monday. "Pay awards are expected to rise by the highest amount we've seen in our survey for 10 years but it's being outpaced by rising prices," CIPD labour market economist Jon Boys said. "Rather than feeling the benefit of higher pay, most will face a real-terms pay cut." Britain's jobs boom has yet to peak, with 69% of employers planning to hire in the next quarter, the CIPD said. "Organisations are looking at how they can support their people while also battling rising operational costs and a tight labour market," Boys said.

☆ See the 18-slide pitch deck Peachy, a digital health insurance platform targeted at millennials, used to raise $1.6 million
▼ + stars: | 2022-10-11 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

London-based Peachy has raised $1.6 million for its health insurance platform. The startup tailors its digital platform to millennials and aims to expand its services to SMEs. Check out the 18-slide deck used to raise the fresh funding. A startup that has created a digital health insurance platform for millennials and service workers has closed a $1.6 million seed round. Their backers included the likes of Dr Damien Marmion, ex-CEO of global insurance provider Axa Global Health, Eva Maria Barbosa, partner at global law firm Clyde and Co, and Sian Fisher, ex-CEO of the Chartered Institute of Insurers, among others.

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