December 5, 2019
Against a backdrop of Brexit, political turmoil and a global talent war, retaining the best staff to deliver a competitive advantage has become a crucial priority for many UK business leaders – however few know how to create and deliver the best worker experience, according to new research from Kincentric. More →
December 4, 2019
Companies which make employee engagement a strategic priority may be more likely to perform better financially, according to research released today. An analysis of the UK’s biggest companies found that those which frequently reference “employee engagement” in their annual reports also perform better financially. The findings were released by Sideways 6 which analysed the annual reports of the FTSE100 Index for each of the last three years (2016-18). More →
December 4, 2019
New research from FreeAgent conducted with 2000 self employed people in the UK, claims that more than half (57 percent) don’t know what IR35 is. The sets of tax legislation encompassed by IR35, designed to combat tax avoidance by workers and the firms hiring them, is unknown to over half of the people most affected by it – the self employed. The legislation, which has been heavily criticised by tax experts and the business community as being poorly conceived, badly implemented by HMRC and causing unnecessary costs and hardships for genuine small businesses, has not been well communicated to self employed people, the research reveals. Tax experts have predicted that IR35 could reduce a worker’s net income by up to 25 percent and Chancellor of the Exchequer, Sajid Javid, recently announced the Conservative Party’s plan to review IR35 as part of its manifesto. More →
December 3, 2019
Coworking provider Mindspace has announced the UK findings of its global work culture survey, which polled 5000 employees across Europe and the US. On the UK side, the survey covered 1000 employees from across the country. In what the report claims is a dramatic wake-up call for UK employers, the survey revealed that around one-quarter of British workers are unhappy in the workplace and looking to change their situations. This places the UK at the end of the line up in workplace happiness among the other countries surveyed. UK workers rated only 73 percent on the report’s happiness index, compared to 81 percent in Germany and 93 percent in the US. More →
December 3, 2019
A leading non-profit disability and business organisation is calling on the future Government to commit to a series of actions to support businesses to deliver on disability inclusion. Business Disability Forum published its ‘Manifesto for Inclusive Change’ today (3 December) to mark the United Nations International Day of Persons with Disabilities. The manifesto calls for action in seven areas to ensure that the role businesses play in disabled people’s lives is enhanced, not inhibited, by government policy. To read Business Disability Forum’s ‘Manifesto for Inclusive Change’ go to www.businessdisabilityforum.org.uk . Follow the debate at #DisabilitySmart. More →
December 2, 2019
Not all of your employees will prefer to have their hard work rewarded with often volatile cryptocurrencies. However, for those already investing in it, having some or all of their salary given as a digital currency may be more appealing and convenient. Below you can find the details of what you will need, some examples of people already doing it and the obstacles you will face.
To make paying your employees a reality, both you and your workers will need to have some additional things. The first is everyone will need a secure wallet to pay the cryptocurrency in. Making sure the best wallets are chosen is vital because there is no backup to the funds stored in them like there is at a conventional bank. Anyone considering their options should not forget to check out the Luno Bitcoin wallet with exceptional safety and stellar reviews.
The other help you will need as a business is a dedicated team of bookkeepers who know how to track payments in Bitcoin – more on that shortly.
Companies already paying in Bitcoin
There are some firms already making the leap to paying employees in cryptocurrency. Notably, a Japanese firm has started using Bitcoin to pay staff. At the moment, this is rare as most firms find the process difficult due to some legalities and taxation issues.
Another way people have been getting paid in cryptocurrency is through freelancing work via apps. There are many apps on the market that will pay freelance workers to complete projects in exchange for Bitcoin and alike. Earn.com is one of the most established, but many similar apps are available.
Legalities and tax
One of the reasons that some of the most trendy fintech startups are not paying in crypto as of yet is because it is an overly complex procedure. For some, it is just not possible as it is against the law to do so, including in many South American and Asian countries. Even in those that do not make it illegal, the taxation and invoicing practicalities of doing so put them off.
For example, in the USA you can legally pay in crypto, but all forms need to show values in US dollars and sophisticated and specialist accountants and bookkeepers would be required, which adds to business expenses.
Will the rules change?
It is possible that as cryptocurrencies become even more mainstream and accepted – as well as regulations are implemented upon them – the idea of paying in crypto will become not only legal, but more feasible. That day may come, but the wait until it is easy to do may be long.
For now, employees may be better swapping their fiat salaries for crypto with a trusted exchange platform and a reliable wallet.
Image by Icons8_team
December 2, 2019
The vast majority (84 percent) of British workers are failing to achieve the necessary amount of physical activity recommended by the NHS to maintain their health and wellbeing. That is according to the third Wellbeing Index Report from health and wellbeing provider, Westfield Health. The quarterly analysis focuses on the negative impact of desk jobs: over a quarter (26 per cent) spend a dangerous nine hours or more sat down; 65 per cent say they quite or very often sit continuously for one hour or more, clocking up an average of seven hours and two minutes every day. More →
December 2, 2019
Knight Frank is the latest established property business to launch a flexible office offering. In partnership with flexible office provider Work.Life announce the launch of new flexible managed workspace solution, Yours. A joint venture between Knight Frank and Work.Life, Yours claims to “partner with landlords to provide a comprehensive offer, incorporating a sales strategy that addresses both flexible and traditional market demand. The platform streamlines the design and delivery of resalable workspaces, and offers a suite of ongoing services and extras to businesses, including access to Work.Life’s network of coworking spaces and amenities.” More →
December 2, 2019
Planning permission has been granted for a new 13-storey riverside office building at the Embassy Gardens development on London’s South Bank. Named EG:HQ, the development will provide 217,000 sq. ft. of flexible space in zone 1 Nine Elms, in addition to 18,000 sq. ft. of outdoor amenity space which will include a 9,000 sq. ft. communal terrace and several private open-air terraces. More →
November 29, 2019
Somewhere in the Utah desert, there is a small living pod designed to emulate conditions on Mars for a group of scientists keen to explore how we might colonise that red planet after messing this blue one up. This came as a surprise to me as did the news that Ikea has been on site recently installing some of its furniture for the occupants. Next up perhaps, an installation of Billy bookcases on the International Space Station as scientists explore the effects on people of a lost screw in zero gravity. I am Jack’s unconstrained rage. More →
November 29, 2019
Following the recent Gartner study describing the unpreparedness of the HR function for the future of work, another report is exhorting managers to step things up. According to the KPMG International global Future of HR survey, close to 3 in 5 (57 percent) Human Resources executives believe that if their function doesn’t modernise its approach to understanding and planning for the future needs of the workforce, it will rapidly become irrelevant within the modern organisation. More →
November 29, 2019
For the love of workplace art, where have all the walls gone?
by Chloe Adams • Comment, Wellbeing, Workplace design
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