April 20, 2022

Economic inactivity hits record high amongst men aged over 50

Economic inactivity levels amongst men aged 50-64 in December 2021 to February 2022 were the highest since records began, according to new analysis from Rest Less. The firms analysed labour market data from the Office of National Statistics and found that economic inactivity levels amongst men aged 50-64 reached 1.47 million in the latest official figures – the highest they have ever been since records began in 1992. The economic inactivity rate amongst this demographic reached a nine-year high and is now at 23.1 percent. More →

April 19, 2022

Four-day working week can improve wellbeing and reduce social inequality

by Jayne Smith • Flexible working, News, Wellbeing

Research from the University of Kent has shown how a national four-day working week can positively impact workers and their families’ wellbeing, improve social cohesion and reduce social inequality. In a paper published by the Journal of Social Policy, Professor Heejung Chung from Kent’s School of Social Policy, Sociology and Social Research discusses how a shorter working week can help tackle issues by giving workers the ‘right to time’, shifting a balance between work and non-work activities in daily life. More →

April 14, 2022

Office costs creep up, but not because of higher rents

by Jayne Smith • News, Property

Higher fit-out costs and service charge growth, not rent rises are set to increase office occupier costs in 2022, claims a new report. Savills analysis of Q1 22 Prime Office Costs (SPOC) in global markets around the world has shown that higher fit-out costs, reflecting material and labour cost inflation, are beginning to creep through in some office markets. While overall there has been no movement in the position of cities in the rankings since the end of 2021, says Savills, some markets are experiencing rising costs in fitting out space and increased service charges. According to Savills this trend is most evident in Chinese cities, Kuala Lumpur, and in North American cities at the moment, but other markets across the globe are set to follow suit in the coming quarters.

Jeremy Bates, head of EMEA occupational markets at Savills, comments: “From higher prices for raw materials to increasing labour costs to keep up with rising inflation, it’s likely that most office occupiers will have to pay more to rent and fit-out their space in global cities this year.

“Whilst rent is the usual indicator of increasing cost, service charge rises and higher capital expenditure will represent the largest contributions towards increased occupier costs in the coming quarters. Even in markets where landlords tend to pay for fit-outs, these costs will eventually be passed on to occupiers later in the form of higher rents. Nonetheless, for many office occupiers the expense is unlikely to deter them from selecting top quality spaces in prime central business districts to attract and retain talent, although they are carrying out extensive data gathering exercises on how employees are using space before making decisions on exactly how much to take.”

Savills says that overall headline rents have, on average, remained flat in local currencies and the increasing additional costs have yet to appear across many markets, according to the international real estate advisor, with fluctuating exchange rates due to increased uncertainty producing the appearance of declining costs for many markets in Dollar terms during the first quarter of 2022, while in local currencies they have broadly remained consistent with Q4 2021.

April 13, 2022

Firms mark the cards of employees who go mute or turn cameras off in remote meetings

by Jayne Smith • Flexible working, News, Technology

Nearly all executives (96 percent) agree that primarily remote workers are disadvantaged compared to those who work primarily in the office, according to a poll of 200 executives at large US firms, commissioned by Vyopta. However, 92 percent of respondents also believe employees who are less engaged, either frequently on mute or don’t turn on their camera during remote meetings, probably don’t have a long-term future at their company. More →

April 8, 2022

Research casts doubt on environmental benefits of hybrid working

by Jayne Smith • Flexible working, News

A permanent post-pandemic switch to hybrid working may do little to reduce carbon emissions as the majority of remote workers travel further each week than their office-based counterparts, new research from the University of Sussex Business School reveals. The newly published study finds that, prior to the pandemic, most remote workers in England travelled further each week than office-based workers – despite taking fewer trips. This was partly because remote workers tended to live further from their workplace than non-teleworkers, so had longer, if less frequent, commutes. In addition, remote workers engaged in more travel on the days when they worked from home – for example, by making extra trips to shops and cafes. More →

April 6, 2022

Women don’t network as much because they undervalue themselves

by Jayne Smith • News

Women hesitate to build networks because they underestimate their ability, according to research by Aalto University School of Business. The study, conducted by Marjo-Riitta Diehl and her research co-authors, investigated the motivational aspects of networking. They found that women don’t believe that they will add value to other members of their networks and as a result feel that they derive more benefits from the networks, leading to a fear that they owe a debt of gratitude to others. More →

April 5, 2022

Hybrid working burnout is inevitable, say third of workers

by Jayne Smith • Flexible working, News, Wellbeing

Over one in three (36 percent) UK workers believe burnout is an inevitable part of their career, according to new data based on 2,000 UK knowledge workers. The figure, which rises to 41 percent of managers was noted by UK workers as a natural part of career progression by those who had experienced it. UK employees are feeling isolated at home when part of a hybrid working culture and they’re struggling to balance priorities and establish clear boundaries. More →

March 21, 2022

Small business focussed more on measuring productivity in new era of work

by Jayne Smith • News, Technology, Workplace

A new report from Be the Business, tracking business performance and management capabilities has found business leaders are positioning themselves to improve productivity levels, including increased adoption of e-commerce, and greater emphasis on measuring business performance and strategic planning. The Productive Business Index (PBI) is derived from a survey of over 1,000 directors of companies with 2-249 employees. The PBI features a headline number, indicating the overall health of businesses, and sub-indices which provide insight on key productivity drivers such as management skills; technology adoption; training and HR; operating efficiency; and innovation. More →

March 17, 2022

Work cultures to focus on people and purpose this year

by Jayne Smith • Flexible working, News, Wellbeing

A new poll from the ADP Research Institute (ADPRI) claims that 64 percent of the global workforce was negatively impacted by coronavirus. However, 66 percent of UK workers feel optimistic about the next five years at work, and a third think COVID-19 will have a positive effect on work cultures including through greater flexibility (34 percent) and better work-life balance (28 percent). More →

March 17, 2022

Flexible working now part of work culture for over a third of people

by Jayne Smith • Flexible working, News, Technology

UK workers and their bosses are reaping the benefits of flexible working, according to new research released by Microsoft. According to Microsoft’s latest Work Trend Index, the number of people working in a hybrid way across the world is up seven percentage points on last year at (38 percent), while 53 percent of people are likely to consider transitioning to hybrid working in the year ahead. More →

March 16, 2022

Working from home may help recruitment, but doesn’t stem resignations

by Jayne Smith • Flexible working, News, Workplace

Organisations looking to stem the tide of the so-called Great Resignation shouldn’t rely on working from home alone to retain their top talent, according to new research, which reveals that working from home (WFH), flexible working hours and even four-day work weeks, won’t necessarily be enough to keep employees onboard. HR software provider CIPHR conducted a survey of over 330 British employers last month to discover how the increasingly competitive talent market has affected their staff retention and recruitment drives over the past twelve months. Based on the results, nearly three-quarters (73 percent) of employers have experienced an increase in employees voluntarily resigning and 71 percent have found it more challenging to recruit new employees. More →

March 16, 2022

Younger workers say the pandemic has held back their careers

by Jayne Smith • News, Workplace

Businesses risk losing a whole generation of talent as nearly half (49 percent) of 18-34 year olds plan to quit their jobs in the next twelve months. That’s according to new research from Personio, which is calling on businesses to urgently re-engage this generation of workers – or risk even more problematic talent shortages as they navigate the year ahead. The research, which surveyed HR decision makers and workers in SMEs across the UK and Ireland, finds that 59 percent of younger workers (18-34 year olds) feel they’ve missed out on promotions they felt they were due. In addition, two thirds (66 percent) feel the pandemic has held them back in their career – suggesting that serious concerns around their career development and progression are influencing their decision to move on. More →