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 20, 2022

Women working from home more likely than men to say their careers are harmed

by Neil Franklin • Flexible working, News

Women working from home regularly are less positive about their career prospects than men are, new research suggests. They are also less optimistic about getting recognition for good work and being included in important consultations when compared to men who often work from home, the study found. The research, presented at the British Sociological Association’s online annual conference today [Wednesday, 20 April 2022], comes at a time when employers and staff are deciding how much they will work from home as pandemic restrictions are removed.

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

Half of large office occupiers plan to rethink their property requirements

by Neil Franklin • News, Property

Larger office occupiers are getting to grips with the fallout following the pandemic and are now reassessing their office property needs, according to a new YouGov survey commissioned by law firm Irwin Mitchell. The survey of over 500 office property decision makers shows that nearly half (46 percent) of large businesses and (39 percent) of medium sized companies plan to rethink their office space- whether by upsizing, downsizing, or relocating. The survey shows that one in five large businesses plan to increase their existing office space, with the same proportion looking to reduce space and 5 percent to relocate. In addition, 11 percent are looking to reconfigure their existing space. While 37 percent plan to stay the same. 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

Attendance bonuses actually increase employee absence, claims new research

by Neil Franklin • News, Workplace

Offering employees a monetary bonus for good attendance actually has the opposite desired effect, increasing employee absence, finds new research from Frankfurt School of Finance and Management. Monetary incentives are widely used to align employee actions with employer objectives. Timo Vogelsang, Assistant Professor from Frankfurt School, and colleagues from the University of Cologne investigated the impact of attendance bonuses on employee absenteeism. 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 6, 2022

Firms are failing to meet the needs of hybrid workers

by Neil Franklin • Flexible working, News

A survey of UK employers and employees gives insight into the lack of provision for remote and hybrid workers to carry out their roles. While just over half (56 percent) of employers admit they regularly check in with all employees to enquire about their health and wellbeing and 55 percent provide laptops, 73 percent of employees are ready to choose their next employer based on physical, health and wellbeing support and flexible technology provision. 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 →

April 5, 2022

Wellbeing and mental health drop down business agenda, despite COVID fallout

by Neil Franklin • News, Wellbeing, Workplace

Wellbeing and mental health are beginning to slip down the business agenda, a new report from the CIPD and Simplyhealth claims, despite the fact that organisations are still dealing with the fallout from COVID-19 and it remains an on-going concern for workers. The Health and Wellbeing at Work 2022 report suggests that the number of HR professionals who think that wellbeing is on the agenda of senior leaders has fallen from 75 percent to 70 percent in the past year. There has also been a drop in the proportion of HR professionals who think senior leaders encourage a focus on mental wellbeing through their actions and behaviours, falling from 48 percent in 2021 to 42 percent in 2022. More →