Pay rates for senior management reflect longer working hours argues CMI

Pay rates for senior management reflect longer working hours argues CMI

by • Flexible working, Legal news, News, Workplace

Pay rates for senior management reflect long working hours argues CMIBusiness Secretary Greg Clark proposed new laws in Parliament yesterday (June 11th) that new large firms will have to justify their chief executives’ salaries and reveal the gap to their average UK worker. It means that for the first time, UK listed companies with more than 250 UK employees will have to disclose and explain this difference – known as ‘pay ratios’ – every year. However, according to data published today by the Chartered Management Institute (CMI) and XpertHR, basic salaries for senior managers have fallen in real terms, with inflation overtaking pay increases for the first time in five years. At a time when government are shining a light on executive pay, and linking it via a ratio to workforce pay, separate CMI research has found managers worked an extra 44 days a year last year over and above their contracted hours – up from 40 days extra in 2015. The same research found 59 percent of managers are ‘always on’, frequently checking their emails outside of work and one in 10 had been forced to take sick leave because of stress.

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Women and younger people are transforming the UK’s freelance economy

Women and younger people are transforming the UK’s freelance economy

by • Flexible working, News

The workforce is changing as more people swap the security of a 9-to-5 job for the flexibility of freelancing, with key demographics and industries leading the self-employed sector, according to a new study from Instant Offices. ‘Millennials’ and UK workers facing significant lifestyle changes, such as motherhood, or nearing retirement, and are looking for more flexible ways to work. According to the Association of Independent Professionals and the Self-Employed (IPSE), the self-employed sector now includes approximately 4.8 million people, with freelancers comprising 42 percent of that population and 6 percent of the UK workforce as a whole. The IPSE reports that in 2016, freelancers contributed £119 billion to the national economy. This was up from £109 billion in 2015 and experts are predicting that this number will only continue to grow in the years to come.

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Flexible office space is becoming mainstream as demand grows

Flexible office space is becoming mainstream as demand grows

by • Facilities management, Flexible working, News, Property

Growing demand means flexible office space is becoming mainstreamThe provision of flexible office space is increasing as landlords look to capitalise on its increasing demand by occupiers. Alongside this a significant proportion would be happy to work in partnership with a flexible office space provider. According to a new study; UK Landlords & Investors Embrace the Flexible Revolution from CBRE, the majority of UK landlords (92 percent) believe that flexible office space is on the brink of becoming mainstream and are not only keen to monitor but respond to the growth of flexible office space. Over three quarters (77 percent) of survey participants stated that they are currently considering some form of flexible provision, with 79 percent declaring an intention to act within the next 12 months. (more…)

Over half of employees say remote working and coworking increase their productivity

Over half of employees say remote working and coworking increase their productivity

by • Coworking, Flexible working, News

coworkingMore than half of US based employees (54 percent) with the chance to work remotely say they are most productive when they work outside a traditional office environment, such as at home, in a coffee shop, or in a coworking space, according to a new survey by research firm Clutch. Over two-thirds (68 percent) of workers surveyed work in a traditional office. However, higher productivity isn’t the only reason employees prefer other workspace options. Over a quarter (26 percent) of employees who have some degree of flexibility say a better work-life balance is the top benefit of working outside the office. Other benefits include flexible work hours (21 percent) and fewer distractions (18 percent).

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Growing number of lawyers see flexible working and consultancy as attractive

Growing number of lawyers see flexible working and consultancy as attractive

by • Flexible working, News

A report published by law firm Allen & Overy’s flexible working service Peerpoint suggests that lawyers are increasingly looking to new ways of working to achieve their career goals. The Future for Legal Talent report is based on a survey of over 1,000 lawyers and law students. It also found that more than 80 percent of respondents believe new entrants to the legal profession will feel the work and commitment needed to reach partnership status may not be worthwhile. Even among those who want to become partner, just 21 percent feel they will make it. One in four (24 percent) said they have considered quitting the profession altogether.

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Two-thirds of employers believe agency and gig workers should be able to request a stable employment contract

Two-thirds of employers believe agency and gig workers should be able to request a stable employment contract

by • Flexible working, News, Workplace

Two-thirds of employers (67 percent) back the introduction of a new right for agency workers and zero-hours contract workers to request a stable contract, according to the Chartered Institute of Personnel and Development. The findings, which form part of the CIPD’s response to the Government’s consultation on the Taylor Review of Modern Working Practices, are based on a survey of 1,000 employers. The survey found that 67 percent of respondents said they support the right to request a stable contract, which would potentially allow agency workers to request a permanent contract of employment and zero-hours contract workers to request regular or guaranteed hours.The CIPD believes the right to request should be available to people who have 12 months of continuous service with one organisation, a suggestion supported by 41 percent of employers. 32 percent of respondents supported a period of at least six months and 20 percent were in favour of at least three months. (more…)

Additional 1.5 million people planning to trade the rat race for the gig economy

Additional 1.5 million people planning to trade the rat race for the gig economy

by • Flexible working, News, Technology, Workplace

Rise of the gig economy is transforming the UK employment landscapeMore than 6 million UK adults are already self-employed or working as a contractor in the so-called gig economy, with a further 6 percent of currently  full-time professionals looking to make the transition this year. New research of more than 2,000 UK adults commissioned by WeMa Life claims to reveal how the rise of the gig economy is transforming the UK’s employment landscape, with one in five (19 percent) working adults currently identifying themselves as being a freelancer, sole trader or self-employed. The study found that 71 percent of gig economy workers identified flexibility as the biggest appeal for working on a contractor or temporary basis. Furthermore, having control over the hours and types of jobs undertaken has also empowered a new section of the workforce that were previously unable to access full-time employment – it was uncovered that nearly half (46 percent) of those working in the gig economy do so because they are not in a position to work a full-time job due to other commitments in their life.

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Fewer than half of Australians now work in a traditional job

Fewer than half of Australians now work in a traditional job

by • Flexible working, News, Workplace

Fewer than half of employed Australians now hold a standard, traditional job, according to a new report into the growth of insecure employment published by the Centre for Future Work. The report, The Dimensions of Insecure Work: A Factbook, reviews eleven statistical indicators of the growth in employment insecurity over the last five years: including part-time work, short hours, underemployment, casual jobs, marginal self-employment, and jobs paid minimum wages under modern awards. It defines a standard job as permanent full-time paid work with leave entitlements. According to the authors, all the indicators of job stability have declined since 2012, thanks to a combination of weak labour market conditions, aggressive profit strategies by employers, and passivity by labour regulators.

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Majority of global workforce now work somewhere other than the office every week

Majority of global workforce now work somewhere other than the office every week

by • Facilities management, Flexible working, News, Workplace

Majority of global workforce now work remotely from the office every week

Technological change, globalisation and changes in employee expectations mean that over two-thirds of global employees now work remotely every week, and over half do so for at least half of the week. Though it must be said this is according to a new study from IWG, which is the parent group of workspace companies including Regus and Spaces, the study found that every week 70 percent of employees are working at least one day a week somewhere other than the office. More than half (53 percent) work remotely for half of the week or more, whilst more than one in 10 (11 percent) people work outside of their company’s main office location five times a week. The survey adds also that flexible working and the use of shared workspaces are no longer the preserve of start-ups. The world’s most successful businesses – including varied companies such as Etihad Airways, Diesel, GSK, Mastercard, Microsoft, Oracle and Uber – are already adopting a flexible workspace approach.

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Australia is leading the world in the adoption of activity based working

Australia is leading the world in the adoption of activity based working

by • Comment, Flexible working, Workplace design

Over half of those employed in the banking sector in Australia now find themselves in agile and dynamic activity based workplaces. The banks have set the pace. The overall growth of the phenomenon has been exponential in the last 5 years, with sources suggesting two thirds of Australian organisations will have adopted Activity Based Working (ABW) by 2020. Furthermore, by looking at the number of Activity Based Working projects in the pipeline this move away from the 20th century office seems unstoppable. Despite global economic challenges the banking sector in Australia is particularly strong and stable, which contributes to the organisations’ ability to take a long term view. Alongside this robust financial picture we are also seeing a shift in purpose emerge, where the banks move away from a purely financial role to one where they embrace a sense of community and stewardship thus developing a broader contribution to society.

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Simple fact: less complex workplaces increase levels of employee engagement

Simple fact: less complex workplaces increase levels of employee engagement

by • Facilities management, Flexible working, News, Workplace

workplace

Organisations that invest in simplifying their workplace benefit from greater trust, advocacy, innovation and retention among employees. Yet despite this, 30 percent of employees find their workplace complex and difficult to navigate, claims a recent study conducted by Siegel+Gale. According to the study, organisations that communicate clearly from the top their purpose, values and business goals tend to be simpler. These workplaces convey how employees’ roles impact relationships with clients and ultimately, drive business results.

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Are these the UK’s best coworking spaces?

Are these the UK’s best coworking spaces?

by • Flexible working, News, Property

IPSE, the Association of Independent Professionals and the Self-Employed, has announced the 12 longlisted finalists for the 2018 Coworking Space of the Year award. The award has been launched to recognise the role coworking spaces play in ‘creating a nurturing, inclusive and stimulating environment for the UK’s thriving 4.8 million-strong self-employed workforce;. The venues were judged on a range of criteria including the quality of facilities and staff, the innovation, creativity and distinctiveness of their venue, the passion and commitment to their members and the freelancing community, and the price and value of its membership packages. Intriguingly, only one is in London.

 

 

 

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