Reward News
Reward news
TV and career choices ACCORDING TO the Careers on the Box report (http://bit.ly/2luzHBU), Brits are shunning careers advisors in favour of their TV sets, with almost one in five (18%) admitting they made choice of job – one of their biggest life decisions – based on TV role models. For millennials (18–24 year olds) this soars to 39% who say TV is influencing their choice of career. The figures come from a new survey of 1,000 UK adults and reveals how UK viewers are fascinated by watching professionals work on TV dramas and reality shows. The top ten most common jobs on TV in the period 1970s–2000s comprise: lawyer, police/detective, comedian, doctor, journalist, teacher, cook/caterer, scientist, soldier, musician/popstar. Ed Fletcher, chief executive officer of Fletchers Solicitors which conducted the study, said that the impact of role models on TV shouldn’t be underestimated: “Professions such as the law, police and healthcare should be enormously grateful to TV shows for helping to inspire and shape their future recruits. Maybe we need shows that popularise engineers or mathematicians to help shape future generations.”
National sickie day RESEARCH CONDUCTED and published by Powwownow ahead of National Sickie Day on 5 February 2017, found that: ● one in five (21%) employees in the UK are likely to give an outlandish reason for not coming in to work, compared with only 7% of Dutch workers and 11% of French workers, and ● over a third (38%) of women confess to faking a sick day, compared to just a fifth of men (21%). The younger generation are more inclined to pull a sickie, with the majority of 18– 34 year olds (85%) admitting to pretending to be ill at least once every six months, compared to just under a third of over 45 year olds (32%) in the same time frame. Although the most common reason given by almost half of workers (46%) in the UK is having a cold or the flu, the survey identified the ten most ridiculous excuses British bosses have been given by their staff. These include: ● I’m having a fake-tan disaster. The first Monday in February is termed National Sickie Day as sick rates typically peak then due to post-Christmas blues and bad weather. Employment Law Experts (ELAS) estimate that 350,000 UK employees call in sick on this day. War for talent RESEARCH COMMISSIONED by specialist recruiter REED, which asked more than ● 38% would move for a better work-life balance ● 51% look for a new job to improve their skills ● 55% of those who enjoy a comfortable pension say they will stay put. Tom Lovell, UK managing director at specialist recruiter REED, said: “Increasing skills shortages mean that in 2017 the war for talent is back on with great rewards for those who can successfully negotiate the opportunities available. As technology changes roles and creates new jobs with new skills, gaps in the market are opening and new opportunities created.” 2,000 people about their careers in 2017, found that: ● 48% of UK workers are preparing to look for a new job ● I couldn’t remember how to get to the office. ● My horoscope says work is bad for me this week. ● The supermarket ran out of vegetables; now I’ve got scurvy. ● My partner handcuffed me to the bed and then left with the key.
Employee loyalty THE VALUE of employee loyalty has been calculated at almost a quarter of the average UK worker’s annual salary, according to the Loyalty Premium Report 2017 (http://bit.ly/2n6uiFd), published by rewards and incentives provider, One4all Rewards. The research, which investigated a number of costs involved in staff departures, reveals that the value of loyalty, based on the average UK salary of £27,645, stands at £6,335.31 per employee (23% of the average annual wage). Even where salary bands increase, the premium of loyalty remains at a steady 23–25% of a workers’ annual wage. Sums included were the average notice period, recruitment fees for hiring replacements and the amount of productivity lost once notice has been given. The survey of 1,002 UK full- or part-time workers also reveals that more than one in five (21%) have been led to consider getting a new job, too, as a result of a colleague resigning. The top three things likely to have the most significant impact on workers’ sense of loyalty and play the most significant part in workers’ decisions to stay at a company for the long-term (e.g. five years or more) are a nice working environment, regular pay rises and long-term benefits such as pensions and health insurance. Monetary rewards, such as gift cards and cash bonuses, were also key for one in three workers. Declan Byrne, managing director at One4all Rewards commented: “Most employers know that having staff resign is not only inconvenient but also costly. To avoid such costs mounting up, it is important that businesses take employee morale seriously, and actively take steps to ensure staff feel happy, motivated and appreciated. “Even something as simple as an annual token of appreciation – such as a bonus – can go a long way.”
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Issue 29 | April 2017
| Professional in Payroll, Pensions and Reward |
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