Search Results for: financial services

UK will be only developed country in world with lower employment in 2023 than pre-pandemic

UK will be only developed country in world with lower employment in 2023 than pre-pandemic

by • News, Workplace

The cover image of the report into UK employment, consisting of a large arrow made up of numerous peopleA new report claims that the UK is undergoing one of the worst employment recoveries in the world, fuelled by a shrinking workforce and lack of access to effective employment support. Coming the week after the Bank of England forecast that unemployment could rise by half a million next year, and a week before the government announces its new spending plans, the case for reforms to how we help people and employers to fill jobs has never been stronger. More →

Disability pay gap rises despite greater awareness and efforts of campaigners

Disability pay gap rises despite greater awareness and efforts of campaigners

by • News, Workplace

A painting of a man in a wheelchair looking out of the window, to illustrate the problem of the disability pay gap Non-disabled employees now earn around 17.2 percent more on average than disabled workers in 2022, an increase from the 16.5 percent disability pay gap last year, according to analysis published by the Trades Union Congress (TUC). The research suggests that the disability pay gap for 2022 was £2.05 an hour, or £3,731 per year for those working a 35-hour week. The pay gap starts at age 20 at 65 pence an hour and increases to a peak of £3.55 an hour, or £6,461 a year, for disabled workers aged 40 to 44. More →

Winter is coming: don’t be in the dark about blackouts

Winter is coming: don’t be in the dark about blackouts

by • Environment, Features, Wellbeing

a lit candle to illustrate the idea of blackoutsThe National Grid has warned that the UK could face blackouts this winter. The worst-case scenario is that homes and businesses could lose power for pre-defined periods of up to three hours if gas power plants are not able to keep running due to the energy crisis that keeps on giving – or rather, taking. While the British government has dropped its energy rationing campaign, which once formed a crucial part of its plan to prepare for potential energy shortages and blackouts, countries across Europe are drawing up winter contingency plans, as are forward-thinking businesses. More →

There is no F in work

There is no F in work

by • Comment, Flexible working, Wellbeing, Workplace design

Neil Usher is an energetic, wiry critic of workplaces and offices. Long ago – in 2018, actually – his proposal that the good office is composed of 12 simple elements, beginning with daylight, was also energetic and wiry. Here he widens out from the delicious nitty-gritties of temperature control and lighting in The Elemental Workplace to the wider phenomenon of work. As the title already suggests, the style is laden with expletives: there are no fewer than 25 mentions of the word ‘crap’. He is withering, too, about the ‘easiest fat-arsed squatting duck of targets, the hapless office, with its rituals and theatrics’. On top of a fresh, Elemental-style bow to the nostrum of inclusion, there is a critique of management fads, but also reference made to (white male) privilege, plus, in a lofty manner, ‘our essentially Stone Age cognitive wiring’.

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The wellbeing of parents should be a greater concern for employers

The wellbeing of parents should be a greater concern for employers

by • Comment, Wellbeing

wellbeingA recent Oxford University study revealed that levels of stress, anxiety and depression unsurprisingly rose in parents and carers during the pandemic lockdowns. Although social restrictions have now lifted, the recovery from the significant mental impact will continue to take parents some time. Now, more than ever, organisations have a key role in remedying stress and burnout and supporting working parents’ wellbeing. More →

Established businesses must do more to support local entrepreneurs and startups

Established businesses must do more to support local entrepreneurs and startups

by • Company news

With SME’s accounting for the employment of more than half of the UK’s workforce, supporting these businesses is of benefit to everyone while geopolitical events and the impact of the pandemic continue to cause economic uncertainty.  Entrepreneurs and small businesses are vital for spurring on evolutions in our technology and creating new markets for services and products, therefore bringing about competition which in turn boosts productivity that benefits our own and other economies, helping them withstand and recover faster from financial downturns. More →

Employees take a dim view of organisations with poor sustainability records

Employees take a dim view of organisations with poor sustainability records

by • Environment, News, Workplace

sustainabilityThe fourth research report from the Reward & Employee Benefits Association’s (REBA) Transforming Engagement [registration] series in association with Mercer Marsh Benefits suggests perceptions of a business’s approach to sustainability is influencing employee reward and benefits practices and decisions. However, many businesses are changing business practices, products and services to meet sustainability goals. REBA’s report claims that nearly eight in 10 (78 percent) respondent organisations have made changes to at least some of their products or services to meet sustainability objectives. More →

One in five people have started a ‘side hustle’ in the last two years

One in five people have started a ‘side hustle’ in the last two years

by • News, Workplace

side hustleOne in five (19 percent) adults in the UK have started a ‘side hustle’ since March 2020 and, almost one in six  (16 percent) claim to earn upwards of £1,000 a month from their new venture, according to new research from Aviva. Just under two thirds (63 percent) of those who started a side hustle since March 2020, the equivalent of 6.49 million people, are still active in them today. 37 percent have returned to their day jobs being their main source of income now that lockdowns are over and normality has ensued. More →

Digital transformation of small businesses could provide massive economic boost

Digital transformation of small businesses could provide massive economic boost

by • News, Technology

digital transformationThe new Digital Britain [automatic download] report from Sage claims that over half of Britain’s economic potential from tech adoption is as yet untapped. But ongoing concerns amongst small and medium sized business about cost, skills and knowledge are holding them back from taking on the digital transformation that will ensure their success and provide a massive boost to the economy. The report claims that the use of technology by small and medium businesses (SMBs) contributes £216 billion to the UK economy; but if SMBs unlock the full benefits of technology, this could add an extra £232 billion, boosting the value of tech use to the UK economy by almost double to £448 billion annually. More →

Competition for talent is fierce, but employers edge away from pay to attract people

Competition for talent is fierce, but employers edge away from pay to attract people

by • News, Workplace

competition for talentNew CIPD research claims that almost half (45 percent) of UK employers report having vacancies that are hard-to-fill, and almost two thirds (65 percent) anticipate problems filling vacancies in the next six months. The most common response made in the past six months by employers with hard-to-fill vacancies has been to increase pay (44 percent). However, only a quarter (27 percent) of organisations plan to raise wages in response to the competition for talent in the future. This suggests that organisations may be approaching their limit on this ‘quick win’ strategy and are exploring alternative options, such as upskilling people and flexible working, to attract and retain people. More →

ESG objectives now a priority for quarter of organisations

ESG objectives now a priority for quarter of organisations

by • News, Technology

ESG businessNew research from Cloudera claims that more than one quarter (26 percent) of business decision makers are now putting increasing investment into environmental, social and corporate governance (ESG) initiatives, ahead of developing new products/services (24 percent) or accelerating financial growth (21 percent). Additionally, knowledge workers believe as much as 49 percent of the data their business uses on a day-to-day basis should be focused on doing good for the communities it serves. This is a sentiment 52 percent of business decision makers agree with — a clear indication that profit and ESG are no longer mutually exclusive pursuits. More →

Retrofit offers the greatest opportunity for a commercial property market beset by uncertainty

Retrofit offers the greatest opportunity for a commercial property market beset by uncertainty

by • Environment, News, Property

Retrofit an opportunity for commercial propertyIn the context of a second major economic shock from war in Ukraine and continuing inflationary concerns, the PWC / ULI report Emerging Trends in Real Estate Global Outlook 2022 focuses on the global outlook for the real estate industry increasing pressure for finance to support the decarbonisation of real estate. The industry challenges lenders and their regulators to provide debt for the retrofit of existing buildings and the scale-up of the ‘climate tech’ needed. More →

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