On February 23rd, a survey of more than 3,000 employers was launched to gauge the state of their workforce.
While the survey aims to give employers a clearer understanding of the current and future prospects for their employees, it also offers insights into the work-life balance of their employees.
Here are the key findings of the survey:1.
Employers in the UK are facing a shortage of managers.
In the first six months of 2017, there were almost one million fewer managers than in the previous six months.
The number of vacancies across all sectors dropped by more than 20% over the same period.
This means that more than half of all employees (52%) are currently unable to find a suitable role within their organisation.2.
More than one-third of employers (34%) have already identified more than one position that would suit their current workforce.
This means that, as of February 23, more than 1.2 million managers across all industries are either in a position to leave their jobs, or are in negotiations to do so.3.
Almost half of employers expect to continue employing a majority of their staff beyond the next three years.
Of the respondents, 41% anticipate the number of staff they employ will continue to grow over the next five years.4.
Of all the sectors, the number that are likely to experience a slowdown over the coming years is banking and insurance (23%), retail (21%), health and social care (20%), education (17%), transport and communications (14%), and hospitality and recreation (11%).5.
Almost two-thirds of the respondents believe that there is a lack of leadership in the workforce.
The most commonly cited reason is the lack of confidence in the leadership skills of the workforce, with the vast majority of respondents (64%) saying that this is the main reason why they feel they are unable to effectively lead their organisations.6.
While many employers say they are considering increasing pay, almost half of respondents are also considering cutting their hours, while less than one in five (19%) say they have made any changes in the way they work.7.
The survey is the latest in a series of surveys to track the state the workplace in the past six months, which have shown that the UK workforce is still struggling to find new jobs.
The report also highlights that more and more employers are adopting “swot” career planning strategies, which involves looking for new ways to attract and retain the right talent, and to develop and maintain effective, high-quality team relationships.8.
The majority of employers are not planning to increase pay in the next financial year, with fewer than one quarter of respondents stating that they would be able to maintain or increase their wages for the foreseeable future.9.
More and more businesses are seeking to increase their flexibility in how they hire and train their staff, with more than 40% of respondents reporting that they are “considering” hiring employees in a variety of roles, and more than three quarters (76%) of employers stating that this will be an important element in how the workforce is managed over the upcoming financial year.10.
A third of employers surveyed are planning to add more flexible working arrangements, with almost half (49%) saying they will consider adding this to their work culture.11.
A record-high number of employers said they have already changed their work practices, with 38% reporting that there are currently changes planned.12.
Only six percent of respondents said that they have begun to hire additional workers in their company’s network, and another 15% said that there were no changes planned at this stage.13.
Around one-quarter (24%) of respondents believe they will have a difficult time retaining key staff, while nearly half (48%) of those respondents expect to have a hard time retaining all their existing staff.14.
More people are choosing to work from home, with 41% saying they have started doing so, compared to 19% who are currently doing so.15.
More companies are considering using the new Flexible Workplace Policy as an opportunity to streamline their workforce, and one in six (19% of those surveyed) expect to implement Flexible Wages as an alternative to pay increases in the future.16.
Nearly one-fifth of the surveyed companies (19%), are planning for a shift in the amount of time employees work from day to day.17.
Only five percent of employers have decided to implement a flexible work scheme as part of their plan for managing staff.18.
Almost one in three (29%) of all respondents are considering reducing the amount they pay their employees as part on the plan for the future, with around one in four (23%) planning to reduce their pay over the course of the next four years.19.
More businesses are using the flexible workplan as an incentive to attract more skilled workers, with nearly one in eight (17%) of the employers surveyed planning to pay more than they pay to their staff in