Monthly blog Newsletter – February 2023
Welcome to our latest HR & H&S blog newsletter February 2023
Here are some of our HR blogs for the month:
- The importance of Human Resources in business
- The importance of employee engagement and how to improve it
- Executive target for women in met three years ahead of schedule
- Companies optimistic over economic growth
- Women have Boardroom majority at M&S
- How to develop an effective Diversity an Inclusion program
- Gender pay gap will not close until 2044
- Long term sick responsible for growth in economic inactivity
- Gen Z workers may be feeling strain more than anyone
The Importance of Human Resources in Business
The Importance of Human Resources in Business – Human resources (HR) is a vital function within any successful business. Its primary purpose is to attract, retain, and develop talent, which is crucial for growth and competitiveness in today’s ever-evolving business environment. In this article, we’ll delve into the significance of HR in business and examine the many roles it plays in driving organisational performance.
The Importance of Employee Engagement and How to Improve it
As a human resources consultant, I have seen first hand the impact that employee engagement can have on a company. Engaged employees are more productive, more likely to stay with the company, and more committed to achieving the company’s goals. On the other hand, disengaged employees can have a negative impact on the company, including decreased productivity, increased turnover, and decreased customer satisfaction.
Executive target for women is met three years ahead of schedule
The proportion of women in board roles in FTSE 350 companies has risen above 40% for the first time, according to the annual FTSE Women Leaders Review, hitting the target three years early.
Companies optimistic over economic growth
Most UK businesses are optimistic that economic growth will improve over the next three years. A poll of more than 1,500 British companies by Boston Consulting Group shows that 61% expect economic output to be “somewhat or significantly better” in 2025.
Women have boardroom majority at M&S
The appointment of Cheryl Potter as a non-executive director means Marks & Spencer’s boardroom has a female majority for the first time in the retailer’s 140-year history.
How to Develop an Effective Diversity and Inclusion Program
As a human resources consultant, I have seen the positive impact that a strong diversity and inclusion program can have on a company. A diverse and inclusive workplace not only attracts top talent from a variety of backgrounds, but it also leads to increased creativity, better problem-solving, and higher levels of employee engagement and satisfaction.
Gender pay gap will not close until 2044.
Analysis by the Trade Union Congress (TUC) shows that the gender pay gap is almost 15% and widens “dramatically” after women have children.
Long-term sick responsible for growth in economic inactivity
Experts say Government efforts to get early retirees back to work to boost the economy are misguided and ministers should be focussed instead on tackling long-term sickness to reduce economic inactivity.
Gen Z workers may be feeling the strain more than anyone
BBC Work life wonders whether Gen Z is the most stressed generation in the workplace. According to Cigna International Health’s 2023 poll of almost 12,000 workers around the world, 91% of 18-to-24-year-olds report being stressed – compared to 84% on average.
YOUR OUTSOURCED HUMAN RESOURCES DEPARTMENT.
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