Top 10 stories this week: Hiring for potential rather than skills
The need to upskill existing workers was emphasised this week when Jaguar Land Rover announced an extensive three-year programme to fill urgent needs within its workforce. As employers continue to struggle to recruit the talent they need, we are beginning to see more hiring for potential rather than skills, as Pamela Daley, head of culture and transformation, Northern Europe at Atos, explained in our webinar earlier this week. That will have an impact on reward and benefits strategy, which will need to attract, engage and retain employees for the long term.
Read on for more of this week’s top news stories, including details about the impact of the government’s mini budget.
Jaguar Land Rover commits to upskilling thousands of workers
HR Magazine Car manufacturer Jaguar Land Rover has launched an upskilling programme designed to train 29,000 employees as part of its global upskilling initiative to fill urgent needs within its workforce.
The three-year Future Skills Programme will look to train new and existing workers in electrification. Read more
Salary alone not enough to attract talent, CIPD report finds
People Management Research by the CIPD has revealed that while an increasing number of organisations are inflating pay to retain talent, this approach is not sustainable for most employers in the face of rising costs.
A poll of 1,055 HR people professionals, conducted in April this year by the CIPD and Omni as part of the Resourcing and talent planning report, found that more than half (54 per cent) of organisations were inflating pay to retain talent, highlighting the need to offer other components of good working practice when recruiting. Read more
Mini budget: what do the changes mean for HR?
People Management Following a flurry of regulatory reform announcements by newly appointed chancellor Kwasi Kwarteng in last week’s ‘mini’ budget, there is plenty for organisations to get on top of. From tax legislation and post-Brexit regulatory changes to IR35 and benefits, People Management asks the experts what the new rules mean for HR teams and organisations. Read more
Working time, holiday pay and TUPE at risk in latest EU law reforms
HR Magazine On 22 September secretary of state for business, energy and industrial strategy (BEIS) Jacob Rees-Mogg introduced a bill to put an end to EU-based legislation the UK has kept since the Brexit.
To be completed by 31 December 2023, the Retained EU Law (Revocation and Reform) Bill 2022 could affect UK working time regulations, the right holiday pay, aspects of discrimination law and TUPE transfers. Read more
International organisations call for targeted workplace mental health support
People Management The World Health Organization (WHO) and the International Labour Organization (ILO) have called for concrete actions to address mental health concerns among the working population. Read more
Cost of living: One in six working multiple jobs
Personnel Today ‘Millions’ of UK workers have taken on multiple jobs or longer hours as living costs soar.
A survey by pensions and investment provider Royal London found 28% were working more than 48 hours a week in order to make ends meet, while 19% were working more than 56 hours a week – equivalent to more than 11 hours a day over a five-day working week. Read more
Businesses 'unaware' of pensions' carbon output
Professional Pensions Businesses are in the dark about the carbon footprint of their pension schemes despite most employees wanting their pots to be more sustainable, according to research by Make My Money Matter and Scottish Widows.
The study, conducted by sustainability research house Route2, suggested there is poor awareness among leadership around the link between pensions and climate change. Read more
One in three employees want health insurance as a benefit
Cover Magazine Health insurance has been ranked as the most sought after employee benefit as the UK continues to face a cost of living crisis, according to Bupa.
The latest Bupa Wellbeing Index, which surveys 8,000 UK adults, found that 39% of respondents want health insurance as a benefit, behind only flexible working (53%) and a company pension scheme (46%). Read more
Two in five Black employees impacted by ethnicity pay gaps, study shows
People Management Two in five Black employees are affected by ethnicity pay gaps at their organisations, a study has found.
The research by Glassdoor, which looked at data from 2,000 employees in April this year, found that 43 per cent of Black employees had experienced a pay gap at their company, or believed it exists there. Read more
SMEs concern over economic climates and staff wellbeing grows: Marsh
Cover Magazine Small and medium-sized companies (SME) have expressed concern about the impact current economic climates will have on their businesses and employee mental health and wellbeing over the next 12 months, according to Marsh. Read more