Search Results for: finance

Flexible hours key to achieving gender balance in finance sector 0

Improvements in flexible working are among the key steps being taken to help achieve gender balance within the financial services sector, according to the UK Treasury. Financial services is the country’s highest paid sector but has the widest gender pay gap, at 39.5 percent, compared with 19.2 percent across the economy. The ‘Women in Finance Charter’, was set up by the Treasury earlier this year to publish progress on gender balance annually and reports that of the 72 firms who signed the charter, 60 have now committed to having at least 30 percent of women in senior roles by 2021. Alongside gender diversity targets, these firms have set out strategies for how they’ll hit these targets, including improving flexible working, making recruitment gender neutral and distributing high profile work more fairly.

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TMT and finance sectors drive demand for London office construction

TMT and finance sectors drive demand for London office construction

London-cranes-3The total level of office construction in central London has increased over the past six months, fuelled by the greatest volume of new space to start since 2011, the latest Deloitte London Office Crane Survey has revealed. With a rise of 24 per cent over the past six months, a new wave of office construction in central London is under way across almost all submarkets. This comes at a time when the level of available office space is at its lowest for seven years, with current market conditions still suggesting a short-term supply shortage. However, the ramping up of new developments over the last six months has come too late to significantly alter the delivery of new space in 2015. TMT and the financial sector are driving up demand for more office space.

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It’s worth exploring alternative forms of finance for office fit out

Fit-out-1You can’t help but notice that there has been a shift in recent years for us to become the consumers of things we were once obliged or wanted to own. We watch films on Netflix, listen to music on Spotify and share cars with strangers through BlaBlaCar. As both individuals and businesses we rent software rather than own it and in the growth of serviced offices and co-working spaces we see the same forces at work. The attractions of this approach are obvious, not least in keeping down the costs of things we may not want to keep in the long term and leaving ourselves free to make different choices in the light of rapidly changing circumstances. So it’s no surprise that economic uncertainty is just one factor that has driven an increase in asset financing at the same time that we have seen a permanent change in spending patterns.

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UK staff showing higher levels of happiness – except those in finance sector

Happiness at work in increasingFresh evidence that those working within the financial sector must be in it for the money as, following the news earlier this week that they get the least amount of sleep, they’re also the most unhappy with their work. A third (32%) describe themselves as unhappy at work compared to the 78 per cent of those working in sales, media, and marketing who class themselves as happy. Overall, the number of British workers who are happy at work has jumped by a fifth (20%) compared to this time last year according to Office Angels’ ‘Happiness at Work’ study. More than half (56%) of workers stated they were happy at work during quarter two 2013, compared to just a third (36%) during quarter two 2012.  More →

Flexibility not finance motivates Generation Y workers

Gen-Y view work as a thing rather than a place that requires a traditional nine to five routine,

Millennial or Generation Y workers are not the bunch of entitled youths we’ve been led to believe. Those born between 1980 and 1995 say they would choose workplace flexibility, work/life balance and the opportunity for overseas assignments over financial rewards. PwC’s NexGen survey reveals that millennials view work as a thing rather than a place that requires a traditional nine to five routine, so are more likely to stay in a job if they feel supported and appreciated, are part of a cohesive team and have greater flexibility over where and how much they work. This contrasts with the non-millennial generation, who place greater importance on pay and development opportunities.

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The digital world is not necessarily greener than the physical world

The digital world is not necessarily greener than the physical world

No sooner had the world learned about the existence of non-fungible tokens (NFTs) than we also learned how much of a problem they could be for the environment. An NFT is digital token in a similar way to Bitcoin, except there’s only one of each NFT. It is associated with a piece of content, guaranteed unique and so is worth whatever somebody will pay for it. In the case of a digital artist called Beeplewho had only ever previously sold a piece for $100, this was $69 million for an NFT for a digital collage of images called Everydays: The First 5000 Days sold at Christie’s in MarchBought by a collector in Singapore, this made him one of the world’s “top three most valuable living artists,” according to the auction house.  More →

Employee experience is top priority for CIO’s but UK held back by lack of tools

Employee experience is top priority for CIO’s but UK held back by lack of tools

Employee experienceElastic (NYSE: ESTC), the company behind Elasticsearch and the Elastic Stack, have announced a new study, claiming that employee experience has become a new priority for IT leaders as they reinvent their infrastructures to support remote workforces. The Changing Role of the IT Leader was conducted by Forrester Consulting on behalf of Elastic in February 2021, one year into the global pandemic, and published in April.
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Working from home surveillance drives rise of digital presenteeism

Working from home surveillance drives rise of digital presenteeism

Lockdown has meant the majority of UK office-based employees have taken up working from home arrangements over the last year, and it seems that many employers lack trust in their employees when they can’t physically see them. Last year saw a rise in the implementation of surveillance software, to ensure that workers are acting in best corporate interests. However, this is having a negative impact on some employees – who are feeling forced to work longer hours due to a new perceived need to remain visible to their manager or team leader, revealed in a survey by cybersecurity firm Kaspersky. With remote working set to stay post-COVID, these findings indicate a worrying growing trend around broken working from home employee trust. More →

‘Healthy buildings’ enjoy a surge in demand worldwide

‘Healthy buildings’ enjoy a surge in demand worldwide

healthy buildings SiemensA new survey of many of the world’s leading real estate investors finds that 92 percent of respondents expect demand for healthy buildings to grow in the next three years. The report claims that this is a compelling signal of the direction the real estate sector is heading. This finding, among others, is captured in a report titled A New Investor Consensus: The Rising Demand for Healthy Buildings (registration) which claims to be a comprehensive health and wellness study of global real estate investment managers and stakeholders representing aggregate AUM of $5.75 trillion and portfolio investments in real estate totalling approximately US$1.03 trillion. More →

Employees call for help to reduce cost and environmental impact of working from home

Employees call for help to reduce cost and environmental impact of working from home

environmentalNew research by environmental charity Hubbub suggests that workers want to almost double the time they work from home compared to life before COVID-19 arrived – from 35 percent to 63 percent of their working week. However, the increase in household energy use associated with working from home is a cause for concern. 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)

One of the most significant consequences of the 2008 economic crash was a remarkable shift in the nature of employmentThe 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 →

BCO offers new guidance on indoor air quality

BCO offers new guidance on indoor air quality

indoor air qualityA new BCO research paper, Thoughts on ventilation design and operation post COVID-19, has called for UK offices to ensure they have adequate ventilation ahead of the return to work. The paper highlights that while most offices that follow good practice guidelines do benefit from indoor air quality, there are also many examples of poorly ventilated offices that fall short of the best practice guidelines set out in the BCO’s 2019 Guide to Specification. Poorly ventilated indoor spaces have been linked to COVID-19 super spreader events and the paper states that ventilation in these offices must be “addressed urgently.” More →

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