5 Things The Employee Benefits World Taught Us This Week – July 3rd
Each week we take the time on our employee benefits blog to spell out the 5 top employee benefits news stories of the week. We do the same this week, of course, and so here are the week’s top stories.
1. Traditional Hiring Methods Hold Companies Back From Finding New Talent
Traditional hiring methods could be holding companies back from finding top talent, according to a report from Upwork. Offline routes, such as advertising in newspapers and magazines, were used by almost four in 10 (37%) respondents. Only three in 10 (31%) posted online job adverts, a quarter (25%) used LinkedIn, and less than one in five (19%) utilised social media. Just one in 25 (4%) respondents looked outside of the UK to source talent, and 78% of companies restricted their search to the local area. The Upwork study reported that it takes UK businesses more than a month on average (34 days) to find and hire new talent, with one in seven (14%) taking longer than two months to find the right person. Country manager, UK and Ireland for Upwork Hayley Conick said this inefficiency is costing UK business: “Today businesses have access to a global pool of talent at the click of a button. However, when only 4% are looking beyond UK borders is it any wonder we’re falling behind?”
2. 61% Of Employees Still Work On Holiday
The Institute of Leadership & Management (ILM) has found that three in every five UK workers find it impossible to switch off, even during annual leave. The survey questioned over 1,000 employees and managers, finding that 73% of staff are more anxious in the period of time leading up to their holidays. Charles Elvin, Chief Executive of ILM, examined how technological advancements could be affecting our stress levels. “Always being reachable, even when on a beach, has left workers feeling obligated to check in for fear of falling behind. The importance of having time off to relax, reflect and recharge is crucial as without it, we face the prospect of our workers burning out.” With employees citing a healthy work life balance as the top definition of workplace success, Elvin reminds companies that more and more employees are using free time to catch up on over loaded work schedules. This may be down to company culture as well as technological developments, so responsibility does lie with the employers to communicate messages that leave is encouraged and people are not expected to work while away.
3. Employers Frown Upon Volunteering Experience
Employers are failing to recognise volunteering and social action experience during the recruitment process, according to a report from the CIPD and the #iwill campaign. Unlock new talent: How can you integrate social action in recruitment? found that under a third (31%) of employers ask about volunteering experience during interviews, and less than one in five (16%) enquire about it on application forms. This is despite the fact that 67% of employers report that entry-level candidates who have social action experience are more employable. Chief executive of the CIPD Peter Cheese said that a key challenge for recruiters is that candidates often fail to highlight their social action experience, unless given the opportunity to do so. He said: “With the difficulties that many young people face in terms of securing good quality work experience, it is clear that social action has a huge role to play in terms of skills development.” The report states that ‘beyond attracting talent, showing support for social action at the recruitment stage also helps to lift the reputation of the organisation more widely, as it fits in with a broader corporate social responsibility (CSR) agenda'.
4. Are Meetings Killing Your Business?
Senior staff estimate that only a third (36%) of the time they spend in business meetings is helping them to do their jobs better and less than half (44%) the time is helping their organisation, new research from executive coaches That People Thing shows. The survey also reveals how senior staff are spending their time in meetings. 35 percent admit to daydreaming in work meetings, one in 10 have planned their evening meal, 27 percent are doodling and 1 percent are on dating sites or looking for other jobs. Blaire Palmer, CEO of That People Thing says: “Bad meetings are killing businesses. Meetings should be where key decisions are taken, where sales targets and figures are discussed and where the agenda is set. “The research however shows they are a huge waste of valuable resources tying up the time of key people responsible for the success of businesses in meetings where too much of the time they are achieving nothing. The main problem with meetings is the length, 56 percent of respondents say meetings they attend are too long followed by 43 percent who say colleagues have not prepared and the same number who say meetings veer off topic and are not organised.
5. 2015 Graduates Have More Jobs To Choose From Than Last Year
According to new research from job search engine Adzuna, the class of 2015 graduates have 16 percent more jobs to choose from than last year, although advertised salaries have fallen to their lowest in ten months. This year’s flood of graduates will have significantly more positions to choose from than last year’s university leavers, which has helped lift the number of total available vacancies to a new post-recession record, according to the latest UK Job Market Report from Adzuna. Nationwide there were 15,825 graduate-specific advertised vacancies in May 2015, up 16.3 percent on the 13,610 available a year ago, contributing significantly to the simultaneous rise in the total number of advertised positions across the UK. Last month saw 1,058,425 available advertised positions, 2.4 percent above the 1,033,435 recorded in April and 29.3 percent above the 818,471 recorded in May 2014.