CIPD releases new manifesto for work ahead of snap election

Thursday 18 May 2017

The Chartered Institute for Personnel and Development (CIPD) has released a manifesto ahead of the upcoming snap general election to advise parties on how to improve employment conditions.

The document urges the government to place “good work” at the centre of its work in order to improve the economy, putting forward recommendations to create a stronger economy, offer better individual welfare and create more prosperity.

Among the measures included are pay ratios, more rights for zero-hours employees and further investment in skills and training, which aim to address the systemic issues in the British economy by looking at how working can have a positive effect on productivity and wellbeing.

Peter Cheese, chief executive of the CIPD, said: “The key to building better businesses, and a better economy, is dealing with the long-standing challenges that have led us to a point where pay is stagnating, trust in business is declining and there is falling investment in skills. 

“We can only solve these challenges by investing in people through skills and training, reforming corporate governance to improve public trust and increasing diversity in our workplace.”

Mr Cheese went on to say that the election should focus on the future of work, adding that the next government must put the workplace at the centre of its agenda. 

He explained that, without the right changes, the country is at risk of suffering a continued cycle of short termism. With accelerated executive pay and reduced investment in businesses resulting in skills gaps and poor productivity.

The manifesto calls for a pilot of revised Individual Learning Accounts, which are designed to persuade staff to invest in their own lifelong learning. 

Another aim is for a new voluntary target for 20 per cent of FTSE 350 board level executive directors to be women by 2020, ahead of moving this percentage to equal gender representation by 2030. 

What’s more, the CIPD calls for legislation to allow employees on zero-hours contracts to ensure a minimum number of hours after one year of employment, along with the introduction of voluntary human capital reporting standards.

Other additions include a “know your rights” campaign to help inform people about how they can stand up for themselves legally in a bid to tackle the lack of knowledge regarding employment law.

Self-employed professionals may also have trouble trying to handle complicated finances, which is why freelancer and contractor accountants can be especially beneficial.

These specialists can take the stress out of managing money and ensure professionals do not break any legislation. 

By Victoria McDonnell

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