Search Results for: economy

Ending the commercial rents stalemate can help economy rebound, claims CBI

Ending the commercial rents stalemate can help economy rebound, claims CBI

by • News, Property

Occupiers and landlords of commercial property should partner on a path towards full economic reopening by taking decisive action to address commercial rent challenges, says the CBI. The CBI believes commercial property tenants should resume paying rents as normal when emergency coronavirus legislation protecting businesses from evictions and statutory demands ends on June 30, except in cases of extreme financial difficulty caused by this year’s lockdown measures. More →

Wellbeing strategies could add £61bn to English economy

Wellbeing strategies could add £61bn to English economy

by • News, Wellbeing, Working culture

wellbeing strategiesCorporate wellbeing could add £61bn to the English economy by 2025 through added productivity, if UK companies can create new wellbeing strategies and improve underperforming ones, according to a new study by Westfield Health. More →

Toxic workplace culture costing UK economy £20.2 billion per year

Toxic workplace culture costing UK economy £20.2 billion per year

by • News, Wellbeing, Working culture

cultureThe cost of poor company culture is a staggering £20.2 billion per year, according to research from HR software provider Breathe. The report ‘The Culture Economy 2021’, claims that almost a third (27 percent) of SME employees quit their job due to poor workplace culture, an increase of 6 percent from last year (21 percent). More →

Serfs up for the self-employed and gig economy workers (and the middle class)

Serfs up for the self-employed and gig economy workers (and the middle class)

by • Features, Flexible working, Working culture

One of the most significant consequences of the 2008 economic crash was a remarkable shift in the nature of employment. The recession led to a surge in the number of people categorised as self-employed. The numbers have been increasing ever since, albeit at a lower rate. By the end of 2019, the number of self-employed people in the UK exceeded five million people for the first time. Fifteen percent of the workforce.  More →

Gig economy workers to make up fifth of employees in financial services firms, claims report

Gig economy workers to make up fifth of employees in financial services firms, claims report

by • Flexible working, News

gig economyMore than half of financial institutions say they expect to have more ‘gig economy’ based employees over the next three to five years, according to PwC’s report, Productivity 2021 and beyond: Upskilling the workforce of the future to create a competitive advantage in financial services. The second iteration of PwC’s productivity research, that surveyed over 500 financial services businesses globally, and received over 60 percent of responses from C-suite leaders, looked at some key workstreams implemented by financial services businesses and evaluated its impact on productivity. More →

Investment in digital technology set to deliver £232bn boost to UK economy by 2040

Investment in digital technology set to deliver £232bn boost to UK economy by 2040

by • Business, News, Technology

economyInvestment in digital technology is set to increase UK GDP by £232bn (6.9 percent) in 2040, according to a new study by Virgin Media Business and the Centre for Economics and Business Research (CEBR). The research, which examines how more digital ways of working can support the UK’s economic recovery from Covid-19, claims investment in technology could boost the economy by £74bn in 2025. More →

Radical reskilling needed to ensure future of economy

Radical reskilling needed to ensure future of economy

by • HR, News

reskillingResearch carried out by the CBI prior to the pandemic suggests there is an urgent need for the UK to embark on a radical programme of reskilling that goes further and faster than current plans. According to the CBI, the UK faces a stark choice: invest more in lifetime learning and upskilling of millions of employees, or stick to business as usual, and risk sustained higher rates of unemployment and skills shortages. More →

Permanent working from home would reduce UK economy by £480 billion

Permanent working from home would reduce UK economy by £480 billion

by • Flexible working, News

A new study claims that if British workers do not return to their offices at all, the UK economy could contract by £480 billion. The study from the Centre for Economics and Business Research (CEBR), and led by Douglas McWilliams, a former chief economic adviser to the Confederation of British Industry, suggests that in a worst case scenario, the British economy would not return to its size before the coronavirus pandemic until 2025 if people continue working from home as they have over the past few months. More →

A chance to build a cleaner future as economy rebuilds

A chance to build a cleaner future as economy rebuilds

by • Environment, News

commercial property innovationThe European Union is strengthening its efforts to make its energy systems cleaner and more resilient, reinforcing its global leadership in reducing greenhouse gas emissions, according to a new energy policy review by the International Energy Agency.

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Recruitment firms remain upbeat about longer term economy

Recruitment firms remain upbeat about longer term economy

by • HR, News

recruitmentResearch conducted by Bullhorn, suggests that recruiting professionals are optimistic about COVID-19’s future economic impact. According to Bullhorn’s Global Recruitment Insights and Data (GRID) COVID-19 Impact Survey, only two percent predict a sustained depression that extends past 2021, and more than half (56 percent) expect the economy to improve by the end of the year. More →

Investment in talent will drive market share gains as economy rebounds

Investment in talent will drive market share gains as economy rebounds

by • HR, News

talentOrganisations that favour agile working and make strategic investments in human capital during the coronavirus crisis will be best positioned to gain market share and overtake competitors, according to a new Talent Trends report released by Randstad Sourceright. More →

Organisations still adjusting to reality of `gig economy`

Organisations still adjusting to reality of `gig economy`

by • News

gig economyA new report from Aon claims that the so-called gig economy will continue to flourish but many employers are still adjusting to its realities. Using research from HR and gig workers across Europe, the report, Gig Economy: Financial Security or Greater Control, claims that 26 percent of European HR directors believe their workforces will have 51-75 percent of gig workers in five years’ time, while 18 percent of UK HRDs believe 75 percent or more of their workforce will be made up of contractors in 5 years’ time. Nearly all HRDs believe providing health and benefits packages would improve gig worker recruitment (94 percent), engagement (93 percent), productivity (88 percent) and retention (95 percent). More →

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