Search Results for: cost of living

Many people continue to put a brave face on mental health

Many people continue to put a brave face on mental health

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 As a result they are feeling withdrawn, isolated and less able to socialise.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 →

Over one quarter of employees do not trust their CEO to be honest and transparent

Over one quarter of employees do not trust their CEO to be honest and transparent

A new poll claims that over one quarter (26 percent) of employees in the UK do not trust their CEO to be open and honest, while 24 percent do not trust their senior leadership to do the same. According to the survey of 2,000 employees in the UK from Personio, transparency and employer-employee communication are pivotal to a positive employee experience and trust in the workplace. The research suggests that feeling unheard by leadership could be fuelling employees’ distrust. Over a quarter (28 percent) of employees surveyed say that they are not given a chance to share feedback to leadership on their experiences. Meanwhile, less than half (46 percent) of employees feel that leadership in their organisation actually listens and acts on any feedback when given from staff. More →

Big firms don’t really want you to contact them

Big firms don’t really want you to contact them

Some of Britain’s most famous and successful companies make it hard for customers to get in touch, according to a new studySome of Britain’s most famous and successful companies make it hard for customers to get in touch, according to a new study of FTSE 250 companies, by Moneypenny, with 89 percent of the companies having no phone contact number on their website home page. While some of the FTSE 250 companies did feature a phone number elsewhere on their website, 33 percent of them make it extremely difficult to find a contact number on their website and have no phone number on their respective home pages. It took the Moneypenny researchers six or seven clicks to find one elsewhere on their websites. More →

Council employees working from home are committing fraud with second job

Council employees working from home are committing fraud with second job

The UK Government’s National Fraud Initiative is looking into a number of local authority employees who have been caught ‘moonlighting’ while they were supposed to be working from home for the councilThe UK Government’s National Fraud Initiative is looking into a number of local authority employees who have been caught ‘moonlighting’ while they were supposed to be working from home for the council. The NFI considers this a form of fraud because it is seen as working multiple contracts without the knowledge of employers and contrary to their terms of employment. Multiple contract working is seen as fraud when people who are paid to work full time, split their days between two or more employers without their knowledge. More →

Republished: The brain-dead megaphone of work

Republished: The brain-dead megaphone of work

There is nothing new about any of this. And yet it’s all new. I’ve spent months talking to people who really know their stuff about work and workplaces and underlying nearly all of those conversations is the following paradox. They know about flexible working, the under-utilisation of space, the twenty minute neighbourhood, the work ecosystem, universal basic income, the digital workspace, the office as club, all the rest of it. Heard it all before, often many times, over many years. Some of them have been living it too, and yet… More →

Want people to spend more time in the office?  Give them a little piece of home

Want people to spend more time in the office? Give them a little piece of home

For many people, a large portion of the day is spent at the workplace. In fact, the average person will spend 90,000 hours at work over a lifetime. The Covid-19 pandemic saw the typical ‘workplace’ setting change for many people, after businesses around the globe were forced to adjust to a ‘work-from-home’ model. Now, three years later, we are starting to see more employees return to the office, with large corporations including JPMorgan, Chase, Apple and Google all announcing plans to bring their workers back to base. More →

An uncertain world, but CEOs remain broadly bullish about the future

An uncertain world, but CEOs remain broadly bullish about the future

Geopolitics and broader political uncertainty are now the greatest risk to business growth, according to a survey of more than 1,300 CEOs of the world’s largest businessesGeopolitics and broader political uncertainty are now the greatest risk to business growth, according to a survey of more than 1,300 CEOs of the world’s largest businesses. The KPMG 2023 CEO Outlook claims that geopolitics and political uncertainty have become the leading perceived risk this year for senior executives – concerns that didn’t even make the top five in the 2022 survey. More →

Sluggishness in sustainability risks brain drain for businesses

Sluggishness in sustainability risks brain drain for businesses

Employers are being urged to shore up their commitments to meeting sustainability and net zero targets or risk an exodus amongst younger workersEmployers are being urged to shore up their commitments to meeting sustainability and net zero targets or risk an exodus amongst younger workers. Nearly half (48 percent) of Gen Z workers agree they would consider leaving a job that didn’t walk the talk in its promises on sustainability. This is according to the latest Bupa Wellbeing Index, a landmark survey that uncovers the state of the nation’s health and wellbeing. More →

Generations in the workplace: setting the record straight

Generations in the workplace: setting the record straight

A middle aged man and a younger male colleague sit in comfortable chairs having a conversation to illustrate a conversation between generations of workersIf there were an algorithm to create a word cloud in response to searches for ‘What millennials want in the workplace?’, you’d expect to see Google spew out terms such as ‘flexibility’, ‘meaning’, ‘fairness’, ‘equality’, ‘inclusivity’, ‘opportunity’, ‘connections’, ‘socialising’ and ‘experience’. Do the same with ‘Gen Z’ replacing ‘millennials’ and – guess what – you’ll see the exact same word cloud, although perhaps in a different colour and order so you don’t think it’s based on the same homogeneous assumptions about younger generations. More →

Workplace generations express different demands of their jobs

Workplace generations express different demands of their jobs

A report from interior design and fit-out business Claremont claims that firms are having to work increasingly hard to address the needs and priorities of different workplace generationsEven though people who belong to so-called Generation Z are often described as digital natives, it is actually ‘Baby Boomers’ who are most focussed on workplace technology, a new poll claims. The report from interior design and fit-out business Claremont claims that firms are having to work increasingly hard to address the needs and priorities of different workplace generations. It claims that Baby Boomers (born 1946 to 1964) want better technology in the office to help them be more productive. They also want more face-to-face collaboration and team spirit more than any other generation. More →

Over half a million people with long-term sickness want return to work

Over half a million people with long-term sickness want return to work

between January-December 2022, nearly a quarter (22 percent) of those forced out of the workplace because of long-term sickness said that they wanted a jobAnalysis of Office for National Statistics (ONS) data from consultants Broadstone, claims that between January-December 2022, nearly a quarter (22 percent) of those forced out of the workplace because of long-term sickness said that they wanted a job. With economic inactivity because of ill-health surging to 2.6 million people as per the latest estimates through February-April 2023, it suggests that over half a million people – around 560,000 – are keen to return to employment so long as they can improve their health. According to the firm, would be a major boost to the UK economy, employers struggling with staff shortages and employees grappling with the continued cost of living crisis. More →

Flexible office space provider LABS on why the physical office space is still strategically key

Flexible office space provider LABS on why the physical office space is still strategically key

A recent survey conducted among LABS members shows that the physical office space still has a valuable place in the mindset of how they want to work. More than seven in ten of those questioned said the office is a strategic device for their businesses, and more than 74 percent of members questioned use the office for two days or more per week.

However, working culture is still developing rapidly following the pandemic and its government-mandated full time working-from-home set up, with employers and employees carefully navigating a path that tees up with company expectations as well as staff’s desire to work remotely for part of the week, which in some cases allows them to better deal with issues such as child or elder care or just attain a better work/life balance. Companies are clearly grappling with the complexities of managing diverse teams with varying needs and preferences. The seniority of employees and their distinct working styles play a crucial role in determining the feasibility and desirability of remote work.

While the Office for National Statistics reveals that 40 percent of civil servants in the UK are still working from home there is a definite flip side in the private sector. In the spring of this year, Bloomberg reported that, following a large-scale layoff programme in the tech sector, Meta CEO Mark Zuckerberg has asked its staff to “find more opportunities to work with your colleagues in person.” This is the latest in a long line of high-profile firms to reverse their work-from-home policies including Starbucks and Walt Disney Co. Other firms in the pro-return to the office camp include Goldman Sachs, Morgan Stanley, Apple, and Peloton with the CEO of JP Morgan stating that he doesn’t believe working from home works for managers or younger members of staff. Bloomberg itself has set a minimum presence in the office of three days per week.

Amazon too has a thrice weekly attendance policy which kicked in last month in light of CEO Andy Jassy saying on the firm’s blog that “There is something about being face-to-face with somebody, looking them in the eye and seeing they’re fully immersed in whatever you’re discussing that bonds people together.” General Motors’ management shares Amazon’s three days per week requirement which came into force at the beginning of 2023, which some staff took as a U-turn in company policy from encouraging colleagues to ‘Work Appropriately’.

 

Making the office the destination of choice

As well as incentives such as free food and drinks, access to facilities including gyms and opportunities to come together at work socials, the chairman of PwC believes that AI has its part to play in luring people from their home offices. The Times recently reported that Kevin Ellis thinks that as people feel pressure from the capabilities of the likes of Chat GPT, they are more likely to want to be in the office near colleagues they can collaborate and learn from.

In a company-wide presentation, the professional services giant explained to staff how AI has the potential to fast-track trainees by a couple of years but with that accelerated knowledge base comes a responsibility to be able to coach and manage others that traditionally would have taken place over a longer period. Ellis said at the time that “people are going to want to learn from others face-to-face and the best way a human can differentiate themselves from a robot is in person.”

It’s fair to say then that the mood may well be shifting from the ‘work from anywhere’ easy come easy go attitudes of 2021 and last year. As companies continue to navigate the choppy waters of political unease in Ukraine, the continuing impact of Brexit and the worldwide inflation rates not to mention the global cost of living crisis so they are increasingly calling for near full-time attendance, symbolising a return to pre-pandemic norms, to stay competitive.

Being present in the office has many well-documented advantages such as fostering creativity, encouraging and engendering a sense of culture. And there are positive signs among LABS members too, with over three quarters of them enjoying working from the office most of the time with over half citing colleague relationships as the most important aspect of an office, up by 4 percent year on year.

Given the aforementioned global political uncertainty and economic strife, flexibility and choice for occupiers as well as employees are key components of our current work culture. In this way, workplace strategies can easily shift to address sudden changes. Which is where LABS’ turnkey solutions, available in various shapes and sizes, come in with flexible tenancy arrangements and inspiring amenities. In this way LABS can help optimise a workplace model that works for everyone.