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Recent Editions
Human Times
North America
The joblessness rate for workers under 35 with a master’s degree has rarely been higher in the past 20 years, according to the Burning Glass Institute, a labor-market think tank. Holders under 35 of a master’s degree are at the 77th percentile of unemployment, where the 50th percentile is normal, according to the analysis. “Every indication is hiring managers now are more receptive than ever to the idea that a person doesn’t need a graduate degree to be competitive,” says Johnny C. Taylor Jr., president of SHRM, a lobbying group for human resource professionals, who adds that AI has been an accelerant for HR people inside large and midsize companies to adopt a skills-first approach to hiring. “We are seeing that, hands down, especially in the last two or three years with AI . . . [employers simply want to know] Can you do it?”
Full Issue
Human Times
UK
A survey published by the Chartered Institute of Personnel and Development (CIPD) says employers in the UK are prioritising cost management over growth as indicators of employer confidence hold close to record lows. Meanwhile, workers are likely to see inflation eat into their pay in the year ahead. Planned pay awards were mostly around 3% for the next 12 months - unchanged from levels over the past two years but below most forecasts for inflation growth. The CIPD survey of 2,049 employers was conducted between March 23 and April 23. James Cockett, senior labour market economist at the CIPD and author of the report, said: “With so much happening externally, organisations should focus on the areas they can directly influence. This means taking a proactive approach to workforce planning and ensuring investment in technologies such as AI is supported by the right mix of people, skills, and systems to deliver meaningful productivity gains.”
Full Issue
Human Times
Europe
Stellantis and Renault are being called on by the French government to favour local parts suppliers to protect jobs and retain expertise in the region amid deepening ties at Europe’s automakers with manufacturers from China. The two carmakers “must play their part on European preference, including in terms of purchases with their suppliers,” French Finance Minister Roland Lescure said. “Industrial sovereignty must be a collective battle,” he added. Meanwhile, in a separate interview, Lescure said he is optimistic that the green transition will continue to create jobs for workers in France. “Plants are reopening in France . . . Not at the pace we’d like maybe, but they are reopening.”
Full Issue
Human Times
Middle East
The International Labour Organization (ILO) has warned that the ongoing Middle East conflict will significantly impact global job markets. An ILO report predicts millions of job losses and a decline in real wages, particularly affecting migrant workers who rely on remittances. "The conflict is expected to affect labour markets for some time, with the scale and duration of its effects depending on how the situation evolves," the report said. Meanwhile, higher energy costs and supply chain disruptions are contributing to economic strain. "Beyond its human toll, the Middle East crisis is not a short-lived disruption. It is a slow-moving and potentially long-lasting shock that will gradually reshape labour markets," said ILO chief economist Sangheon Lee. who wrote the report. The report highlights that the worst effects will be felt in the Middle East, Gulf states, and Asia-Pacific regions.
Full Issue
Read the latest HR highlights
How HR is Tackling Long Covid?
Fingers remain tightly crossed around the world that the rampant hospitalization and fatality stage of the Covid-19 pandemic has generally peaked. Vaccination programmes are accelerating, and restrictions are gradually being lifted...
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ESG Is Not Just Another Name For CSR
Back in the distant 1980s if you wanted to demonstrate your environmental and ethical credentials it was sufficient to shop at or purchase shares in retailer The Body Shop. The charismatic Anita Roddick, founder of the “hippy” tinged retail chain, heralded a new age of environmental concern, caring capitalism and corporate awareness that evolved into what became known as Corporate Social Responsibility (CSR). CSR was much talked about and lauded, but in reality often ended up being a lot of a hot air (excuse the pun) and often never progressed much beyond a footnote in the annual report.
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Have Older Workers Paid The Highest COVID-19 Price?
Across the world the pandemic is slowly but surely moving into its next phase. Recovery beckons. As furlough schemes across the U.S. and U.K. are being wound down, restrictions eased or lifted, and workforces moving back up the gears, early signs indicate that older employees are more likely to be casualties of the pandemic aftermath than their younger colleagues. Here at the we have witnessed an increasing number of stories supporting the growing belief that older workers are disproportionately paying the highest Covid-19 price.
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Bosses. What's not to like? Plenty, say employees
“You’ll never have another boss like me, someone who’s basically a chilled-out entertainer”
So said, David Brent, the fictional manager of Slough-based paper merchant Wernham Hogg in the seminal TV comedy The Office. Ricky Gervais’s portrayal of Brent as a flawed, narcissistic, incompetent, and deluded manager was so well observed that many (including me) believed it was a genuine fly-on-the-wall documentary when they alighted accidentally on the first ever episode.
Rolling with the Payroll
To mark National Payroll Week the team at the Human Times has provided some insight into the industry that we hope you’ll find useful.
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