Search Results for: cost of living

Small businesses vital for cities, but London SMEs struggle with property costs

Small businesses vital for cities, but London SMEs struggle with property costs 0

by • Cities, News, Property

London Technology WeekTwo new surveys demonstrate that while small firms in creative sectors are essential for the economic success of the UK’s cities, many small businesses are struggling to find appropriate and well-priced office space in London and are now calling on the incoming new Mayor of London to address the issue as a matter of  urgency. While a report  from the Centre for Cities shows how small businesses in the creative, professional and digital sectors drive job growth, productivity and average wages in ten key UK cities, the study by the Federation of Small Businesses claims that the cost of commercial property remains one of the most pressing concerns for many SMEs based in London. The FSB study also found that the cost of living in London was also a concern for small employers in the capital, with many claiming it makes it incredibly hard to attract and retain employees.

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Fifth of employers not productive enough to afford Living Wage warns CIPD

Fifth of employers not productive enough to afford Living Wage warns CIPD 0

by • News, Technology, Workplace

productivyAlthough the UK has experienced two years of solid economic growth, a fifth (21 percent) of organisations are still stuck in survival mode and aren’t making the necessary investments in equipment or people to boost their productivity a new report from the CIPD has revealed. A further 29 percent of employers are failing to get the right balance between investment in their workforce and investment in technology and equipment. Investing in Productivity found a clear link between an organisation’s mindset and its approach to investment, which could help to explain the UK’s poor productivity performance in recent years. The CIPD’s chief economist Mark Beatson warns that too many businesses are being held back by an ‘ambition ceiling’ which is preventing them from making the productivity gains needed to achieve business growth and implement the new National Living Wage without risk of job cuts.

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Crown Estate first national property company to be Living Wage accredited

Crown Estate first national property company to be Living Wage accredited

by • Facilities management, News, Property, Workplace

Living wageThe Crown Estate has become the first national property business to accredit as a Living Wage employer. The Living Wage commitment aims to ensure that everyone working for The Crown Estate, regardless of whether they are permanent employees or contractors, receives a minimum hourly wage of £9.15 per hour in London and £7.85 per hour outside of London, significantly above the national minimum wage of £6.50. The Living Wage is calculated according to the basic cost of living in the UK and is accredited by the national Living Wage Foundation (LWF). A study examining the business benefits of implementing a Living Wage policy in London found that more than 80 per cent of employers believe that the Living Wage had enhanced the quality of the work of their staff, while absenteeism had fallen by approximately 25 per cent.

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Incoming government sets out its plans for changes to employment law

Incoming government sets out its plans for changes to employment law

by • News, Workplace

One of the Labour Party's key pledges during the election was to initiate a large-scale reform of UK employment law within the first 100 days of taking officeOne of the Labour Party’s key pledges during the election was to initiate a large-scale reform of UK employment law within the first 100 days of taking office. As a result, we can expect some changes relatively quickly, although it may take some time for many of them to become law. The proposed reforms are set out in their ‘Plan to Make Work Pay: Delivering a New Deal for Working People’ and highlight what UK employers can expect to see immediately and in the future. More →

The rise of supercommuters linked to adoption of flexible and hybrid working

The rise of supercommuters linked to adoption of flexible and hybrid working

by • News, Working lives

New research from Trainline claims that the number of UK “supercommuters” using rail to travel longer distances to work has doubled since Covid. Almost half (47 percent) of current supercommuters surveyed made the lifestyle change either during or post-pandemic, and over four in five (84 percent) of these new supercommuters say hybrid working has enabled this switch in their commuting habits. More →

Rise of remote work leading to longer commutes in US, study claims

Rise of remote work leading to longer commutes in US, study claims

by • Flexible working, News

The time and distance Americans spend commuting appears to be increasingly markedly thanks to the increase in remote work, say researchers.The time and distance Americans spend commuting appears to be increasingly markedly thanks to the increase in remote work, say researchers. According to the new study from Stanford University, the share of “super-commutes,” those 75 miles or longer, is up by nearly a third since the start of the pandemic. Employees who no longer have to trek into the office each day appear to be more willing to tolerate a longer commute once or twice a week if it means a higher standard of living further away, the report concludes. More →

Two in five people say they aren’t paid enough to make ends meet

Two in five people say they aren’t paid enough to make ends meet

by • News, Workplace

A new report from Indeed, released two weeks ahead of the UK General Election, suggests that more than 2 in 5 (42 percent) Brits are struggling to make ends meet. According to the survey of over 2,000 British people, those in the North East of England feel most comfortable, with less than a third (32 percent) struggling, while almost half (48 percent) of those in Scotland say their pay isn’t keeping pace.  More →

Firms growing concerned about increase in litigation

Firms growing concerned about increase in litigation

by • News, Workplace

 

Seven in ten (71 percent) UK businesses are concerned about rising business litigation, with nearly three quarters (72 percent) reporting an increase in cases brought against their companies over the past five years and three in five (60 percent) anticipating a further rise over the next 12 months, according to a new poll from insurance broker Gallagher. The multi-sector survey of 764 business leaders claims to have found an upsurge in litigation is being driven by a number of factors, notably the rising cost of living (47 percent), economic instability (36 percent) and a more litigious UK society generally (35 percent). More →

What do people really want from an office design? Some peace and quiet

What do people really want from an office design? Some peace and quiet

by • News, Workplace design

poor quality office design is now thoroughly out of favour, as one in three people (33 percent) have an issue with a lack of privacy in the workplaceNew research from a survey of 2,000 UK office workers by BW: Workplace Experts suggests that poor quality office design is now thoroughly out of favour, as one in three people (33 percent) have an issue with a lack of privacy in the workplace. In fact, over a third (34 percent) ranked the most valuable spaces in the office as available meeting rooms, adequate amounts of breakout spaces, and social spaces, reflecting a desire to have more varied private and collaborative spaces. 27 percent said that they also value wellness spaces (e.g., exercise room, meditation room) and roughly one in 10 (11 percent) said access to outdoor space would influence them to go into the office more often. More →

Sick pay reform should encourage people back into work, government claims

Sick pay reform should encourage people back into work, government claims

by • News, Workplace

A parliamentary committee of MPs has called for a 'long-overdue' boost to statutory sick payA parliamentary committee of MPs has called for a ‘long-overdue’ boost to statutory sick pay (SSP), emphasising the need to strike a delicate balance between workers’ wellbeing and employers’ financial constraints. The Work and Pensions Committee has recommended aligning the SSP rate with the flat rate of Statutory Maternity Pay, a move that they say could significantly improve the financial safety net for workers. More →

There never was a new normal

There never was a new normal

by • Comment, Flexible working, Wellbeing

Our strength will come in admitting that the ‘new normal’ was a mirage. It’s time that we all stopped focusing so hard on trying to reach it.Four years ago this month, we were all given our first ‘work from home’ mandate. A clear, unambiguous instruction from the UK government that, in the grip of a quickly spreading global pandemic, we should all work from home where possible. And amid the biggest seismic shift of our lifetime, it was an easy instruction to follow. Hunker down and wait patiently until we find a ‘new normal.’ But four years on, the question remains – are we nearly there yet? Are we ever going to find a ’new normal’? More →

Many people continue to put a brave face on mental health

Many people continue to put a brave face on mental health

by • News, Wellbeing

Seven in ten employees (67 percent full time and 69 percent part time) say that they feel the need to put a brave face on things when asked about their mental health. Half (47 percent full time and 54 percent part time) report that the reason is because bigger things are going on in the world right now and they don’t wish to be a burden, whilst a quarter of full time employees (27 percent) and a third of part time employees (35 percent) don’t believe that people really want to know how they are. A quarter (26 percent full time and 27 percent part time) say they fear being judged if they open up. As a result they are feeling withdrawn, isolated and less able to socialise. More →

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