McKinsey & Company | Global news | Labour Market

An overview of McKinsey & Company global news:

Australia

McKinsey examines impact of generative AI on Australian workforce The introduction and rapid adoption of generative AI has seen consultancy McKinsey & Company revise its previous figures on the potential impacts of automation on the Australian workforce by 2030.
12 March 2024
United Kingdom

Office time of average London worker falls to just three days Two years on from the extensive lockdowns of 2020, office attendance remains much lower across the economy – with the average London worker spending 3.1 days on site.
22 August 2023
United Kingdom

Net zero transition requires mass reallocation of labour A new study into the impacts of the world’s net zero transition has found that it necessitates a mass shift of the workforce between roles.
28 April 2022
United Kingdom

Pandemic puts gender parity under pressure An analysis of Covid-19 impact on women in the workplace has revealed a burnout crisis that could derail much of the world’s slow progress toward workplace parity.
04 October 2021
United States

Massachusetts gives McKinsey $1.6 million to advise on 'future of work' The Massachusetts governor’s office has awarded strategy firm McKinsey & Company a $1.6 million contract to study how the pandemic will affect the “future of work” in the state.
06 April 2021
Europe

One-third of work in Europe could be remote post-pandemic With a Covid-19 vaccine gradually being deployed, many employees remain reluctant to return to working full-time at the office.
23 December 2020
United States

Corporate workplaces falling short on LGBTQ+ inclusion Corporate workplaces are falling short on LGBTQ+ inclusion, according to a recent report from consulting firm McKinsey & Company.
01 July 2020
United States

McKinsey: Covid-19 impact could reach 57 million jobs in US Up to 57 million US jobs are vulnerable – encompassing permanent layoffs, temporary furloughs, and reductions in hours and pay.
11 May 2020
United Kingdom

3 million women in the UK need to transition to new jobs by 2030 More than 3 million women working in the UK are forecast to need to transition to new jobs in the coming decade, as digital disruption ramps up amid Britain’s rapidly automating markets.
12 July 2019
United Kingdom

UK's gig economy can learn from US' more mature freelancing market The UK currently has 5 million self-employed people, of which around 2 million are freelancers – also known as gig economy workers.
08 October 2018
Asia

Big Four and McKinsey in world's top 10 most attractive employers Business, engineering and IT students in China, Japan and South Korea have named McKinsey and the Big Four among the world’s most attractive employers in the latest annual rankings from employer bran
26 September 2018
Asia

Enhancing gender equality in APAC holds $4.5 trillion potential, says McKinsey In a wide-ranging report on workplace gender equality, the global strategy and management powerhouse McKinsey has contended that the Asia Pacific could add as much as $4.
22 May 2018
United Kingdom

Higher wages key to solving productivity puzzle The global economic recovery has been blighted by sluggish productivity over its nine-year duration.
21 March 2018
India

McKinsey India and United Way India to train 2,900 students in 2018 In its latest effort to match the ever-increasing demand for skill generation in India, the Generation foundation from McKinsey & Company has teamed up with United Way India, a non-profit organisatio
13 February 2018
United Kingdom

HR departments lack 'good understanding' of automation impact on skills According to a new study, around a third of global companies with revenues over $100 million are planning to upgrade their HR infrastructure.
30 January 2018
Kenya

McKinsey's Generation records tremendous success in Kenya Standing on the threshold of having the largest working-age population in the world, skill-development is one of the top priorities on the African continent to ensure that its potential is realised.
22 January 2018
United States

Income inequality highlights US manufacturing stress Stagnant salaries and global supply chain flux are hitting US workers where it hurts the most - in their pockets.
02 November 2017
United Kingdom

Improving gender equality to best-in-UK could add £111 billion to economy By 2025, gender equality in the workplace could add more than £444.
21 September 2017
Canada

Workplace gender disparity costs Canadian economy $160 billion A new study finds that Canada could add up to $160 billion to its economy by increasing female participation, sectoral mix, and working hours.
19 September 2017
United Kingdom

US income inequality rift continues to widen Income inequality has been a thorny issue in the United States throughout the previous century.
01 August 2017
United Kingdom

Rise of the machines could jeopardise millions of millennial jobs The research arm of McKinsey & Company predicts that millennials may face increasing economic uncertainty in the coming years, as the jobs they most commonly fulfil become increasingly automated.
15 May 2017
United Kingdom

Urbanisation, growing middle class and inclusion to lift Indian prosperity India has enjoyed rapid economic growth in recent years, pulling hundreds of millions out of abject poverty. Growth in the near term remains robust at 7.7% per annum, according to a new report.
21 February 2017
United Kingdom

Robots and AI eating into job market for predictable and routine work Robots and early AI are already proficient enough to displace vast tracts of predictable physical work and data process and collection tasks in the US.
29 August 2016
United Kingdom

Income inequality affecting the masses, expected to continue Income inequality continues to increase, hitting the young with low skills the hardest. In the UK, 60% of the population has seen a stagnation or decrease in their disposable income.
25 July 2016
United Kingdom

Modest income redistribution adds $2 trillion to EU consumption Urban consumption growth has been an important part of the world economy for decades.
11 May 2016
United Kingdom

Closing the gender gap could add 2.1 trillion to US economy Gender inequality is a global issue, and, in economic terms, results in an estimated loss of up to $12.1 trillion in economic activity by 2025.
21 April 2016
South Africa

Investment can boost South African GDP by 19% South Africa is one of the strongest economies on the African continent, its business environment is mature and its economy diverse.
03 November 2015
United Kingdom

Online talent platforms add 2.7 trillion to GDP by 2025 Using online talent platforms will ease current labour-market dysfunctions, making it easier to connect talent and jobs in the digital age, research by McKinsey & Company shows. According to the consulting firm, these platforms have the potenti
22 June 2015
United Kingdom

McKinsey: Increase productivity to save global growth The world has enjoyed unprecedented economic growth since the 1950s, with the world economy growing six fold in the decades since 1964, boosted by a booming population and the development of highly productive technologies and practices. Demographic
02 February 2015

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