Search Results for: retirement

Reconnecting older workers with the office: have we retired what matters most?

Reconnecting older workers with the office: have we retired what matters most?

by • Comment, Flexible working, Workplace design

If we look at what older workers are actually saying about work and workplaces, there is an appetite for change, says Julie LecoqOlder workers now make up a larger percentage of the workforce than they did two decades ago. Data from Legal and General and the Centre for Economic Research (Cebr) suggests that the number of over 50s in employment has increased by 36 percent in the last 20 years, with 47 percent of this age group predicted to be in employment by 2030. A combination of the increase in retirement age and rising costs of living have made it a necessity for individuals to stay in work longer. From a corporate perspective, the growing skills shortages in a range of sectors has also meant that employers are consistently seeking to attract and retain those in the latter stage of their professional career. More →

Every workplace innovation contains the seeds of its opposite

Every workplace innovation contains the seeds of its opposite

by • Comment, Flexible working, Technology

workplace innovationThe announcement by Apple that it wanted its employees to work in an office for three days a week sparked the usual, tedious pile-on about how many days people should spend in a physical workplace each week. This included the columnist at Grazia who joins the tens of millions of people around the world who not only know where Apple is going wrong, but also how to run every other organisation in the world and what’s best for everybody who works for them. More →

The UK workplace sector reacts to the Spring Budget 2023

The UK workplace sector reacts to the Spring Budget 2023

by • Environment, News, Property, Workplace

The workplace sector in the UK has been reacting to the announcements in the Spring budgetToday the UK’s Chancellor of the Exchequer, Jeremy Hunt presented his Spring Budget to the House of Commons. In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’. Perhaps the headline element of this announcement was the creation of twelve new investment zones across the UK as well as incentives for older workers to return to the country’s patchy workforce. This includes£63m for programmes to encourage retirees over 50 back to work, “returnerships” and ‘skills boot camps’. Another headline for the workplace sector was the offer of improved childcare arrangements, especially for the parents of very young children, who will see 30 hours of free childcare expanded to include one and two-year-olds. More →

Employers prioritising long term return on investment in recruitment

Employers prioritising long term return on investment in recruitment

by • News, Workplace

Following the 'hiring frenzy' of the pandemic, recruitment strategies are focused on total value creation by empowering their teams to learn, grow and be ready for any contingencyFollowing the ‘hiring frenzy’ of the pandemic, recruitment strategies are focused on total value creation by empowering their teams to learn, grow and be ready for any contingency, according to the 2023 Talent Trends Report from Randstad. The poll of over 900 C-suite and HR leaders in 18 markets focussed on their talent and career development priorities for the year ahead. Now in its 8th year, this year’s report claims that despite an uncertain economic environment, business leaders are focused on driving long-term value and business impact by increasing talent engagement, satisfaction, productivity, and retention, following the ‘hiring frenzy’ of the last two years.  More →

Wellbeing and organisational agility will dominate workplace conversations in 2023

Wellbeing and organisational agility will dominate workplace conversations in 2023

by • Flexible working, News, Wellbeing

Mental health and wellbeing will dominate conversations about the role of work in people's lives this yearMental health and wellbeing will dominate conversations about the role of work in people’s lives this year, due in part to the effects of the global pandemic, as well as social and economic instability around the world, according to the latest megatrends report from UKG. The report claims that many people are feeling overwhelmed in the face of negative news cycles headlining economic uncertainty, climate change, violence, and political unrest have contributed to a spike in mental wellbeing issues. More →

Two thirds of young professionals now have a ‘side hustle’ to make ends meet

Two thirds of young professionals now have a ‘side hustle’ to make ends meet

by • News, Workplace

A relaxed looking young man sitting at a desk to illustrate the idea of a side hustleTwo thirds of professionals under the age of 24 claim to have a ‘side hustle’ – with 74 percent stating it is ‘too risky’ to focus on just having one job as they may have done pre-pandemic. In a poll – of 6,000 white-collar professionals – undertaken by recruitment consultancy Robert Walters; 54 percent of young professionals expressed a desire for a ‘portfolio career’ – the concept of monetising your skills in several ways and having multiple income sources, rather than a single job at one company. More →

Corporate real estate sector facing up to tough year ahead

Corporate real estate sector facing up to tough year ahead

by • News, Property

A person walks down an empty street in a central business district to reflect concerns about corporate real estateCorporate real estate business confidence and expectations of profitability have dropped to a low level, reflecting widespread industry concerns across an array of indicators for the business, political and real estate environments. Emerging Trends in Real Estate Europe 2023 is the twentieth annual survey by the Urban Land Institute (ULI) and PwC UK of European real estate sector leaders’ expectations for the year ahead. Based on the views of around 900 real estate leaders from across Europe, the report claims that 91 percent concerned about inflation, closely followed by interest rate movements (89 percent) and European economic growth (88 percent). Political uncertainty at the global, regional and national levels are of high concern as well. More →

Bisley gifts staff over half of company in legacy move

Bisley gifts staff over half of company in legacy move

by • Company news

A n attractive Bisley workstation in a home settingBisley’s CEO, Richard Costin has announced that Anthony Brown, the owner of Newport based office furniture designer and manufacturing firm, Bisley, has established an Employee Ownership Trust (EOT), gifting the employees 51 percent of the shares in the firm. Since joining Bisley in February 2020, Richard has been working closely with Mr Brown, regarding the business succession plan and the long-term future of Bisley and its employees. More →

Working families are only three weeks from breadline, claims report

Working families are only three weeks from breadline, claims report

by • News, Wellbeing

working familiesThe latest Deadline to Breadline report from Legal & General claims that the financial resilience of working families in the UK has shrunk by a fifth since 2020, down from from 24 days to 19 days. According to the report, people overestimate by nearly six weeks how long they could fund basic living costs such as housing costs, loans/ credit card repayments, utility bills and food if they lost their income.  Households have average savings of £2,431 and debts of £610. Accounting for average daily expenses of £93, this would see the average household run out of money in less than three weeks if they were to lose their income. More →

Lack of employer support exacerbates male health inequality

Lack of employer support exacerbates male health inequality

by • News, Wellbeing

male health inequalityNew research from Peppy claims that twenty-five per cent of employers do not offer any male-specific health support in the workplace, despite as many as 81 percent believing that not doing so, risks losing their best talent. As working-age men are 32 percent less likely to visit a GP compared to women, serious issues often go untreated for longer, sometimes until it is too late, the report claims, and as a result of this male health inequality, one in five men do not reach traditional retirement age. More →

Why the over 50s are leaving the workforce in huge numbers

Why the over 50s are leaving the workforce in huge numbers

by • Features, Wellbeing, Workplace

over 50s leaving workThe UK economy has a problem with its over 50s: following the COVID pandemic, they have been leaving the labour force en masse, causing headaches for businesses and the government. Roughly 300,000 more workers aged between 50 and 65 are now “economically inactive” than before the pandemic, leading a tabloid paper to dub the problem the “silver exodus”. Being economically inactive means that these older workers are neither employed nor looking for a job. Of course, it could simply be that workers saved more during the pandemic and can now afford to retire in comfort earlier than planned. More →

Economic inactivity hits record high amongst men aged over 50

Economic inactivity hits record high amongst men aged over 50

by • News

Economic inactivity levels amongst men aged 50-64 in December 2021 to February 2022 were the highest since records began, according to new analysis from Rest Less. The firms analysed labour market data from the Office of National Statistics and found that economic inactivity levels amongst men aged 50-64 reached 1.47 million in the latest official figures – the highest they have ever been since records began in 1992. The economic inactivity rate amongst this demographic reached a nine-year high and is now at 23.1 percent. More →

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