Search Results for: cost of living

Nearly all senior managers say stress is a characteristic of their job

Nearly all senior managers say stress is a characteristic of their job

The cost-of-living crisis is the top cause of stress at work for people working in leadership and senior management rolesThe cost-of-living crisis is the top cause of stress at work for people working in leadership and senior management roles, according to the findings of a new survey by HR software provider Ciphr. Around 98 percent of the 265 leaders and senior managers polled found at least one aspect of their work stressful, while two-fifths (83 percent) are affected by three or more work-related stressors (the average, per person, is eight). Yet, despite the obvious stress their work causes them, just 4 percent claim not to like their jobs. More →

Glassdoor announces winners of best place to work awards

Glassdoor announces winners of best place to work awards

Glassdoor has announced the winners of its annual Employees’ Choice AwardGlassdoor has announced the winners of its annual Employees’ Choice Awards, honouring the Best Places to Work 2023 across the UK and four other countries. The Glassdoor Employees’ Choice Awards are based on the input of employees who voluntarily provide anonymous feedback by completing a company review about their job, work environment and employer over the past year. More →

How businesses can support employee wellbeing over a difficult festive period

How businesses can support employee wellbeing over a difficult festive period

Wellbeing at ChristmasWhen we think about the festive period, the financial pressures that Christmas brings, amid rising energy bills and not having enough to eat shouldn’t be first and foremost on our minds. With thirty million people employed by businesses in the UK, that is a huge number of employees who could benefit if employers acted now to support them and their wellbeing. This winter has been extremely challenging for many people across the UK. And for the first time since 2009, the UK is in recession. More →

Poor indoor air quality is a threat to health, say people coming into the office

Poor indoor air quality is a threat to health, say people coming into the office

An image of the windows at the famous dancing house to illustrate the importance of ventilation and indoor air qualityA new poll claims that ‘hybrid employees’ in the UK are worried about how healthy their work environments are as we approach the winter season, with 53 percent saying they’re concerned poor air quality and ventilation will impact their general health, rising to 70 percent amongst London-based hybrid workers. The survey of 2,000 UK people by OnePoll, on behalf of Infogrid, claims that hybrid workers are facing a Catch-22 moment as we enter the colder months; balancing worries over the cost of working from home with concerns about their own wellbeing in the office as a result of poor indoor air quality. 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

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 →

Two thirds of employees are now worried about paying for essentials

Two thirds of employees are now worried about paying for essentials

As real time pay fails to keep up with rising costs and soaring inflation, employees are increasingly anxious about their financial situation. And employers are failing to keep up according to a new survey from Personio. The poll suggests that over two thirds (69 percent) of employees are worried or stressed about their ability to pay for essentials if the economy worsens over the coming months. A further 22 percent are concerned about losing their job whilst a fifth (20 percent) are worried they will need to take on a second job to support themselves. More →

Flexible working takes a step back in face of economic certainty

Flexible working takes a step back in face of economic certainty

A woman working at home to illustrate flexible workingAs economic storm clouds gather, the flexibility and freedoms introduced during the pandemic that employees benefited from are now at risk according to a new study conducted by LinkedIn. It claims that in the UK, the current economic and business climate is causing concern among business leader that companies will be forced to wind back progress on important areas of working life such as flexible working (75 percent), skills development (76 percent), and employee wellbeing (83 percent). More →

Will employees return to the office to save on energy bills this winter?

Will employees return to the office to save on energy bills this winter?

An isolated house in the night poses the question whether people want to heat a home officeThis winter will be tough for many UK households. Rising energy bills are driving a huge upswing in inflation, causing real incomes to fall as the cost of living goes up. And despite the UK Government’s announcement that energy prices will be ‘capped’ at an average of £2,500 per year, the Bank of England believes inflation will remain high for at least the next two years. According to government estimates, a £2,500 energy bill is almost double the average household’s energy bill in 2021. And as employees continue to work from their home office regularly, energy consumption is likely to rise. More →

Working families are only three weeks from breadline, claims report

Working families are only three weeks from breadline, claims report

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 →

Hybrid working could be doomed by a failure to protect organisational culture

Hybrid working could be doomed by a failure to protect organisational culture

hybrid working return to officeA new report from Poly warns that hybrid working policies could be destined to fail if organisations do not protect company culture while facilitating “a return to office”. The report claims that getting employees back to the office is a challenge being fuelled by a reluctance to return, with employees citing concerns over work-life balance and productivity. This reluctance is exacerbated by rising bills and spiralling inflation, with the cost of living putting increased pressure on employee finances, causing them to potentially choose between traveling to work or spending that money elsewhere.  More →

Benefits of zero-hours contracts outweigh downsides for most people

Benefits of zero-hours contracts outweigh downsides for most people

zero hours contractsNew research from the CIPD suggests there needs to be a more balanced and nuanced debate about their place in the labour market, that recognises both the positives and downsides to zero-hours work. The CIPD’s new research ‘Zero-hours contracts – Evolution and current status’– claims that this kind of arrangement – where there’s no guaranteed minimum number of hours that must be worked – is an established part of the UK labour market. It finds that the number of people on ZHCs has changed little since 2015, making up just 3 percent of employment. Fewer than a fifth of employers (18 percent) use ZHCs, and they’re most often used in the hospitality and entertainment industries, in the voluntary sector, and typically in roles such as bar staff, waiters/waitresses, and care workers. More →

Hybrid working success depends on the creation of ‘digital HQs’

Hybrid working success depends on the creation of ‘digital HQs’

hybrid workingAround three quarters of people think that so-called digital HQs are fundamental to making hybrid working a success, according to a new report from Slack. The study also claims to reveals how both virtual and in-person office etiquette has changed along with new workplace habits. The survey of over 1,000 UK office workers suggests that the majority (73 percent) believe hybrid working is ‘here to stay’ and 53 percent think businesses should operate on a digital-first approach. Spending more time at home is a must for most with over 3 in 5 (66 percent) likely to start looking for a new job if hybrid or remote working is not offered. Over two-thirds believing hybrid work has helped them with the cost of living crisis, with less being spent on transport and lunches. More →