Finance workers are amongst most stressed people in the world

Finance workers are amongst most stressed people in the world

by • News, Wellbeing

Finance workers in the UK are among the most stressed in the world, according to a study by Robert Half UK. The survey of 2000 people including 200 senior finance managers claims that 78 percent of Chief Financial Officers in the UK believe stress levels will rise in the next two years, with over a third (31 percent) saying they would grow significantly. CFOs believe that increased workloads (51 percent), growing business expectations (49 percent) and a lack of staff (40 percent) will send stress levels soaring.

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Millions of German workers win the right to a 28 hour working week

Millions of German workers win the right to a 28 hour working week

by • Flexible working, News, Wellbeing, Workplace

Europe’s largest trade union, IG Metall, has secured an unprecedented deal this week to give a large proportion of its 2.3 million members more flexible working hours and a significant pay rise. From next year, workers at many of Germany’s most important engineering firms can opt to take on a 28 hour working week for up to two years, before returning to a standard 35-hour week. Employers will not be able to prevent individual workers from taking up the offer.

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Research reveals a disconnect between employees and employers on corporate values

Research reveals a disconnect between employees and employers on corporate values

by • News, Wellbeing, Workplace

Research reveals a disconnect between employees and employers on corporate valuesLess than a quarter (23 percent) of employees feel completely informed about the values of the organisation they work for and just 19 percent of employees feel completely informed about their employer’s corporate mission claims a new survey by Reward Gateway. These statistics are even more problematic when you consider that 83 percent of employers say it’s critical to the success of their business that employees understand their mission. Recognition is one of the key drivers needed to ingrain employees with a company’s values and corporate mission, however, 40 percent of employees don’t agree that their employer recognises them when they demonstrate the values their company cares about. Furthermore, the study has found a break-down of communication and trust between employees and their employers. 81 percent of senior decision makers say that their organisation is transparent with employees about how they plan to achieve the company mission. However, only 22 percent of employees say they strongly agree that they trust their employer to communicate information openly and honestly.

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Overwhelming workloads tip the scales on work-life balance for UK employees

Overwhelming workloads tip the scales on work-life balance for UK employees

by • News, Wellbeing, Workplace

Almost half of UK workers (47 percent) spend the majority of their time feeling overwhelmed by their workloads, while 85 percent say that work is causing them stress, according to research from employee experience business Qualtrics. The Qualtrics Employee Pulse is a quarterly survey of more than 4,000 employees which claims to highlight the impact of burgeoning workloads on today’s workforce and reveals better support from businesses is needed to ensure the mental wellbeing of staff.

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Report reveals astonishing cost of congested road system during rush hour

Report reveals astonishing cost of congested road system during rush hour

by • Cities, News, Wellbeing

UK drivers wasted an average of 31 hours in rush hour traffic last year, costing each motorist £1,168, a study by traffic data firm Inrix suggests. The UK is the world’s 10th most congested country and London is Europe’s second most gridlocked city after Moscow, according to the report which claims that overall traffic congestion cost UK drivers more than £37.7 billion in 2017

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Technology can be a major distraction for people, making them less productive claims Microsoft report

Technology can be a major distraction for people, making them less productive claims Microsoft report

by • Flexible working, News, Technology, Wellbeing

A survey of 20,000 European workers carried out by Microsoft suggests that technology can distract workers rather than make them more productive. The study claims that a constant stream of messages, notifications and emails was particularly distracting. Workers also pointed out that the way employers use technology can also disrupt their work and make it harder for them to concentrate. Other factors identified in the report include lack of training and burn-out associated with always-on working.

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Creators of the Edge in Amsterdam to develop new generation of Smart buildings

Creators of the Edge in Amsterdam to develop new generation of Smart buildings

by • Architecture, Facilities management, News, Property, Technology, Wellbeing, Workplace design

The Edge in AmsterdamThe creative team behind the development of the world’s most sustainable building – The Edge in Amsterdam – has announced the launch of a real estate technology company. EDGE Technologies, launched by OVG Real Estate CEO Coen van Oostrom will focus on creating a new generation of buildings which feature the latest innovations in sustainability and wellbeing. Whereas parent company OVG is focussed exclusively on the development of its existing portfolio, EDGE Technologies will focus on both the development and the long-term operations of this new generation of buildings, aiming for a cohesive experience across cities. Each EDGE building will be built and operated on the same technology platform and offer consistent user-centred design, created to serve the needs of today’s fast-changing and demanding workforce. To help achieve this the new company is launching a product that will capture and aggregate data across its properties in order to optimize, measure and inform both the user experience and the building’s environmental performance.  More →

Millions of UK workers unaware of employer’s policy on statutory sick pay

Millions of UK workers unaware of employer’s policy on statutory sick pay

by • Legal news, News, Wellbeing, Workplace

Millions of UK workers unaware of employers policies on statutory sick pay

Over 2.5 million UK workers are unaware of their employer’s policy on statutory sick pay and would face a significant salary shortfall if they were unwell and unable to work, claims new research from Direct Line.  Just 4 percent of employees know how much they would be paid in statutory sick pay if they fell ill and many mistakenly believe that on average they would receive full salary for three and a half months if they were unable to work due to illness. In fact, 43 percent of firms reduce an employee’s wages to statutory sick pay after two weeks of an employee being off sick and one in six firms reduce wages to statutory sick pay after just four days. It is not only salaries people lose out on if they are off sick; one in five (21 percent) firms that pay bonuses withhold these if an employee has been off work on long term sick leave. More than a third of firms (33 percent) will pay bonuses based on pro-rata analysis of days worked and 14 per cent will pay a discretionary reduced rate.

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Self-employed work an extra month each year compared to full time employees

Self-employed work an extra month each year compared to full time employees

by • Flexible working, News, Wellbeing

One in seven British people work an additional month every year, according to a new survey of 1,000 self-employed workers. The report claims that the self-employed work on average an additional 14 hours per week, compared to permanent roles. The survey, commissioned by online accounting firm Crunch also claims that January is the most stressful time of the year for a third (31 percent) of self-employed workers. The report claims that two thirds (66 percent) of respondents find it difficult to switch off and get to sleep because of work stress, with 72 percent saying financial concerns keep them awake at night, and over one in ten (15 percent) saying it is due to business deadlines, such as the looming self-assessment tax deadline on 31st January.

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If you are flourishing under a psychopath boss, it may be because you are a psychopath too

If you are flourishing under a psychopath boss, it may be because you are a psychopath too

by • News, Wellbeing

It’s still perfectly possible to flourish under a psychopath boss, provided you are one too, according to new research that found the people best placed to cope with a psychopathic manager are those who are psychopaths too; largely because they are not as upset at the bad treatment.  In the workplace, employees respond differently to abusive management styles, in part due to their varying levels of psychopathy, according to a new study from the University of Notre Dame. Certain types of psychopaths actually benefit and flourish under abusive bosses, according to Are ‘Bad’ Employees Happier Under Bad Bosses? Differing Effects of Abusive Supervision on Low and High Primary Psychopathy Employees. The study is published in the Journal of Business Ethics by Charlice Hurst, assistant professor of management in Notre Dame’s Mendoza College of Business.

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Business in the community aims to improve the quality of work for lowest-paid staff

Business in the community aims to improve the quality of work for lowest-paid staff

by • News, Wellbeing, Workplace

Business in the community campaign to address workers' financial concerns

Financial concerns are increasingly affecting the performance of workers across the UK, with one in eight UK workers (3.7 million) now living in poverty. According to the Money and Mental Health Policy Institute, a quarter of the UK workforce are, to some extent, experiencing financial insecurity. One in five employees (21 percent) report that they are just about managing financially, while a further 5 percent say they are finding things difficult. Aside from the undue stress this causes families, this can also have significant repercussions for employers, in terms of recruitment, retention and productivity. This has prompted Business in the Community, (BITC) with support from the Joseph Rowntree Foundation, to make the case for all employers to improve the quality of work for their lowest-paid staff. Its new campaign, Good Work for All draws on best practice from forward-thinking organisations including Starbucks, Royal Mail and Sodexo, and over a third of BITC members have reported taking company-wide action on low-paid work with successful outcomes.

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People who work in an open plan office feel worse and are less satisfied

People who work in an open plan office feel worse and are less satisfied

by • News, Wellbeing, Workplace design

The ongoing debate about the impact of open plan offices on people’s wellbeing and productivity continues to divide opinion. While there is a large amount of data from the likes of Leesman Index and workplace expert Nigel Oseland to suggest that an open plan office is the best solution when applied in the right way and right context, a new study from Karlstad University claims the opposite. The more co-workers that share of a workplace, the less satisfied employees are, and the more difficult they think it is to work collaboratively.

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