Page 3 - DWF City of London Report 2018
P. 3

The workforce


           of tomorrow














           Talent attraction and retention has   London may still have a greater focus
           become a much larger issue for    on traditional models than elsewhere.
           businesses this year and was the third   Great strides have been taken to  94 %
           biggest barrier to growth. Brexit also   A more diverse workforce
           looks set to impact the ability of UK
           businesses to recruit from abroad,   improve gender equality in the last 12   of technology and
           with 74 per cent thinking it will be   months with the ‘#MeToo’ and Time’s   communications business
           harder to recruit the highest quality of   Up campaigns, plus the government’s   leaders plan to utilize the
           talent - a 10 per cent increase from   Gender Pay Gap reporting require-  gig economy vs. just 31%
           2017. With these challenges in mind   ments. Our research reflects this   in banking
           business leaders are looking to change   concern, indicating how senior man-
           the agility and make-up of their work-  agement failing to see gender equality
           force to establish stronger teams that   as a priority remains the top challenge
           are more diverse.                 to women in business.
             With the economic benefits of     59 per cent of businesses said yes
           workforce agility now widely under-  or, if they were not sure, thought it
           stood, 83 per cent of London busi-  was likely that the number of differ-
           nesses expect some proportion of   ently abled individuals within their or-
           their workforce to be working on a   ganisation would increase in the next
           flexible basis in the next 5 years. In-  5-10 years. However, energy/natural
           terestingly 87 per cent of respondents   resources (82%) and transport (75%)
           said that a greater proportion of their   thought this would not increase at
           workforce outside of London will em-  all – demonstrating there is some way
           brace agile working, a significant jump   to go for a more diverse workforce
           from 15 per cent last year – suggesting   across the sectors.





           A greater proportion of FTSE 100 London workforce is expected to be working
           on an agile basis this year compared to last

           Proportion of workforce to be agile  0%  1-29%  30-69%  70-100%
                                                                                                      3%


           2017    41%                                   34%                             21%



                                                                                                       1%

           2018    17%             49%                                          33%
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