October 30, 2018
The workplace world responds to the UK Autumn Budget
Yesterday, the Chancellor Philip Hammond announced the details of the UK government’s latest budget. While Brexit and austerity inevitably cast their shadows over the whole thing, there were a number of announcements relevant to the workplace, construction, tech and built environment sectors, some of which have been broadly welcomed by commentators, industry bodies and experts. Some are decidedly less popular. Among the announcements in the budget were new plans for infrastructure and property, skills and training, tax regimes for the self-employed, productivity, business rates and mental health.
Almost half of UK bosses admit they’ve felt forced to compromise their own health and wellbeing as a result of pressure at work, new research from Vistage has claimed. According to the study, 40 percent of business leaders say the demands of work have caused stress in their personal lives, while nearly a third say they frequently have to work through illness rather than taking the time they need to recover. While a quarter of business leaders say they’ve sought outside help to strike a better balance between their work and personal life, many more are choosing to suffer on in silence while their health and relationships suffer. 
London’s office market continues to attract occupiers and investors, despite political and economic uncertainty JLL’s recent Central London offices seminar revealed. The event highlighted the strength of the capital’s office market where Central London has seen sustained levels of both leasing and investment activity so far in 2018 and JLL anticipates that the final numbers will match, if not exceed those recorded in 2017. Take-up of offices across Central London reached 8.3m sq ft at the end of Q3 2018, with 3.1m sq ft leased in the West End and 4.5m sq ft in the City.
Two-fifths of job-seekers are being hired into new roles only to discover they have the wrong soft skills for the job. This means over half are leaving companies because their personality or work style didn’t fit, claims news research published by HireVue. The 53 percent of those who had left for this reason saying the format of the hiring process had prevented them from discovering the mismatch earlier. While four-fifths (82 percent) of candidates are confident in their ability to articulate their soft skills and personality traits in an interview, many doubt that pre-hire assessments can showcase these important attributes. 
Over seven in ten UK employees want their employers to do more to motivate them claims a new study from Reward Gateway which suggests that some of the alarming effects that being unmotivated has on employees included a worsening in mood (60 percent); reduction in productivity levels (48 percent); declining mental health (46 percent) and a reduction in quality of work (40 percent). Over a quarter (26 percent) say their relationships with family and friends suffer and 2 in 10 admit to drinking more alcohol when lacking motivation.
