Commuting costs continue to put strain on office worker finances

Commuting costs continue to put strain on office worker finances

by • Flexible working, News, Wellbeing

UK employees are suffering higher cost-of-living expenses, especially due to transportation costs and tensions may rise as many companies enforce return-to-office policies. That is according to the latest study conducted by Capterra on 248 U.K. employees, the majority (69 percent) say their work-related costs have increased over the past 12 months, especially the price of groceries (95 percent), utilities (85 percent), eating out (78 percent), and petrol (63 percent). More →

US employee engagement plummets to lowest level in over a decade

US employee engagement plummets to lowest level in over a decade

by • News, Workplace

A report by Gallup claims that employee engagement in the U.S. has sunk to its lowest point in more than a decadeAmerican workplaces are facing a crisis of disengagement. A report by Gallup claims that employee engagement in the U.S. has sunk to its lowest point in more than a decade, marking a concerning trend with significant implications for businesses across the country. The study, which began tracking employee sentiment in 2023, identified a growing disconnect between workers and their employers. Employees reported feeling a lack of clarity in their roles, lower overall satisfaction with their organizations, and a weaker connection to their companies’ missions. They were also less likely to feel valued and supported by their colleagues and superiors. More →

Wellbeing and flexibility are the keys to workplace success

Wellbeing and flexibility are the keys to workplace success

by • News, Wellbeing, Workplace

A new poll from BSI claims that employee health and employer flexibility are key elements to harness a future age-diverse workforce. Evolving Together: Flourishing in the age-diverse workforce considers how today’s business leaders think businesses and policymakers can respond to demographic changes to enable individuals to thrive and organizations to grow as greater numbers work beyond the age of 65. More →

Bisley extends colour palette with three new hues

Bisley extends colour palette with three new hues

by • News

British furniture brand Bisley has introduced three new shades to its curated colour palette. Through a meticulous selection process, the furniture manufacturer chose shades that would enhance its existing colour palette to offer customers even greater choice when purchasing furniture for their homes. The new hues, Marine Green, Berry and Natural Canvas take influence from emerging trends in fashion and interiors. They are alluring as individual shades, but can also complement each other when used together, forming a contemporary colour palette. Additionally, each of the new shades align with existing Bisley colours to create micro collections, giving greater versatility to the range. More →

Tentative signs of recovery in UK commercial property market, says the RICS

Tentative signs of recovery in UK commercial property market, says the RICS

by • News, Property

The 2024 RICS first quarter monitor for the UK commercial property market indicates tentative signs that the market is moving into a recovery phase, though there is still ample evidence that there remains a challenging backdrop. Higher borrowing rates are holding back investments along with other structural headwinds such as a weak economy, online shopping, working from home (WFH) and environmental concerns. More →

European commercial real estate market stumbles in 2024

European commercial real estate market stumbles in 2024

by • News, Property

Dreams of a swift recovery in Europe's commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline according to new dataDreams of a swift recovery in Europe’s commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline. That is according to data released by MSCI Real Assets which paints a concerning picture, with completed commercial property transactions reaching a mere €34.5 billion in the first three months – a 26 percent drop compared to the same period in 2023. This translates to the lowest transaction volume since the third quarter of 2010, with the number of companies buying and selling properties also hitting a 12-year low. More →

The pandemic may have changed our personalities, say researchers

The pandemic may have changed our personalities, say researchers

by • Flexible working, News

While we often view personality as a fixed entity, a new study suggests the COVID-19 pandemic may have left a subtle but enduring mark on some aspects of our personalities. Published in Personality and Social Psychology Bulletin, the research suggests that while significant personality changes weren’t widespread, conscientiousness levels generally increased throughout the pandemic, while extraversion dipped slightly. Interestingly, openness to new experiences remained relatively stable. More →

Office rent, costs and utilisation rates rise as firms focus on prime space

Office rent, costs and utilisation rates rise as firms focus on prime space

by • News, Property

Prime office rents in major cities around the world have risen 1.1 percent in the past year (Q1 2023 to Q1 2024) while tenants’ ‘all-in’ net effective costs (rent plus fit-out costs) have risen 2.4 percent, according to Savills, as the structural trend towards seeking high quality premium office space continues into 2024. More →

US workers gain more freedom to change jobs as government bans noncompete agreements

US workers gain more freedom to change jobs as government bans noncompete agreements

by • Business, Flexible working, News

The US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwideThe US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwide. This means millions of American workers will soon have more freedom to leave their current employers for jobs with competitors or even start their own businesses. The FTC estimates this change will have a significant positive impact on the economy. The agency predicts the creation of 8,500 new businesses every year, along with an average annual pay increase of $524 for workers. Additionally, the rule is expected to lead to lower healthcare costs and a surge in innovation, with estimates suggesting as many as 29,000 more patents filed each year in the coming decade. More →

Wellbeing at an ‘all-time low’ claims report

Wellbeing at an ‘all-time low’ claims report

by • News, Wellbeing

A new report published by Dialogue Health Technologies Inc., claims that overall wellbeing is at a low point as people struggle with lifestyle challenges around sleep and physical activityA new report published by Dialogue Health Technologies Inc., claims that overall wellbeing is at a low point as people struggle with lifestyle challenges around sleep and physical activity. Wellbeing Report: A benchmark for Canadian health, based on data gathered through Dialogue’s Wellbeing Score benchmarking thousands of people across Canada, is indicative of trends seen across the globe. More →

Large increase in the number of people who say they are experiencing burnout

Large increase in the number of people who say they are experiencing burnout

by • News, Wellbeing

The number of Britons who say they are experiencing stress or burnout in the workplace doubled in 2023 compared to the previous year, according to a pollThe number of Britons who say they are experiencing stress or burnout in the workplace doubled in 2023 compared to the previous year, according to a poll from Indeed Flex. According to the survey, 92 percent of UK employees say they have experienced burnout or stress in the workplace during their careers. However the strain has grown rapidly as post-pandemic labour shortages intensified workloads. In 2023 the proportion of UK workers grappling with poor mental health skyrocketed to 37 percent, almost double the 19 percent who experienced problems during 2022. A fifth (19 percent) of workers say they have suffered from burnout or stress in 2024 so far. More →

Report sets out nine ways cities can reduce carbon emissions

Report sets out nine ways cities can reduce carbon emissions

by • Cities, Environment, News

A report published by the World Economic Forum’s Centre for Urban Transformation sets out what its authors claim are best practices developed by pioneer cities that are reducing carbon emissionA report published by the World Economic Forum’s Centre for Urban Transformation sets out what its authors claim are best practices developed by pioneer cities that are reducing carbon emissions from urban development projects. As cities grow in population and importance, urban construction will continue to gather pace. It is estimated that the global floor area is expected to double by 2060, the equivalent of building out New York City every month for the next 40 years. The report, Reducing Embodied Carbon in Cities: Nine Solutions for Greener Buildings and Communities, highlights nine innovative solutions for all phases of construction and demolition. More →

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