Search Results for: financial

UK Government set to ditch ‘right to switch off’ and make concessions on other employment rights

UK Government set to ditch ‘right to switch off’ and make concessions on other employment rights

The government is set to abandon plans to introduce a legal right for employees to “switch off” outside working hoursThe government is set to abandon plans to introduce a legal right for employees to “switch off” outside working hours, in a move aimed at easing the burden of Labour’s employment reforms on businesses. The policy was a key element of Sir Keir Starmer’s pledge to establish a “new deal for working people.” Although it was not included in the Employment Rights Bill currently passing through Parliament, ministers had previously committed to implementing a right to switch off in the future. More →

We need to address the UK’s creative skills shortage 

We need to address the UK’s creative skills shortage 

With the right investments in skills, tools, and training, the UK can continue to lead the world in creativity and cultural influenceThe UK’s creative industries, from film and television to the dynamic video game sector, are cultural flagships and economic cornerstones. Valued at £125 billion annually, the creative industries are named one of the UK government’s eight growth-driving sectors in its Industrial Strategy. Yet, a significant obstacle looms over their continued success: a persistent and growing skills shortage. This gap threatens to stifle innovation and global competitiveness, particularly in the booming video game industry. More →

Furniture Makers to hold next sustainability event focussed on material choices

Furniture Makers to hold next sustainability event focussed on material choices

he Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, is hosting its next sustainability event focussed on examining some of the established and widely used materials in the furniture and furnishings sectorThe Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, is hosting its next sustainability event focussed on examining some of the established and widely used materials in the furniture and furnishings sector. The seminar, which is sponsored by the Furniture Industry Sustainability Programme (FISP), Ocee & Four Design, Panaz and Satra Technology, will be held on Tuesday 4 March at Furniture Makers’ Hall, London. Organised by The Furniture Makers’ Company’s Climate Change and Sustainability Committee, the event will include presentations on foam, fabrics, textiles, leather and wood. In addition, new materials will be discussed and the necessary investigations in relation to recycled content, future recyclability and other implications. More →

Businesses are cautiously optimistic despite economic and technological uncertainty

Businesses are cautiously optimistic despite economic and technological uncertainty

Nearly three-in-five businesses optimistic about global economic outlook as they plan headcount increases and continued AI rolloutAlmost 60 percent of CEOs around the world expect global economic growth to increase over the next 12 months, according to PwC’s 28th Annual Global CEO Survey, launched during today’s World Economic Forum Annual Meeting. The report, which surveyed 4,701 CEOs across 109 countries and territories, also finds that 42 percent of businesses expect to increase headcount by 5 percent or more in the next 12 months – more than double the proportion who expect headcount decreases (17 percent), and up from 39 percent last year. The percentage is highest (48 percent) among smaller companies (less than US$100 million) and those in the technology (61 percent), real estate (61 percent), private equity (52 percent) and pharma and life sciences (51 percent) sectors. More →

If you want to get ahead in your career, get in to the office, report argues

If you want to get ahead in your career, get in to the office, report argues

Businesses are increasingly likely to prioritise workers willing to come into the office for pay rises and promotions, according to new researchBusinesses are increasingly likely to prioritise workers willing to come into the office for pay rises and promotions, according to a new poll from Reed Group. A year ago Reed.co.uk, which deals with over 30 million job applications a year, predicted that employers would increasingly mandate days in the office and would prioritise what it called the ‘in-person premium’. More →

Working life in 2024 is defined by stress, poor management and loneliness

Working life in 2024 is defined by stress, poor management and loneliness

Despite living in an era of progress, people feel that stress, disengagement, and declining mental health are prominent in daily working lifeThe 2024 State of the Global Workplace report by Gallup sets out to provide a comprehensive analysis of employee experiences worldwide, revealing a large number of people who feel they are under increasing strain. Despite living in an era of remarkable technological and economic advancements, workers face significant challenges, with stress, disengagement, and declining mental health prominent in people’s daily working life. The report suggests that 41 percent of employees experience high levels of daily stress, with poor management practices being a major contributing factor. One in five workers report daily loneliness, an issue particularly pronounced among remote employees. More →

Older workers will be essential in a changing global economy

Older workers will be essential in a changing global economy

A new report from consulting firm Bain & Company underscores the rising importance of older workers as global populations age and labour markets face growing talent shortagesA new report from consulting firm Bain & Company underscores the rising importance of older workers as global populations age and labour markets face growing talent shortages. The study focuses on the demographic of employees aged 50 and above, whose experience, stability, and institutional knowledge make them invaluable assets to businesses. It reveals that while older workers often demonstrate adaptability, problem-solving abilities, and a strong work ethic, organisations frequently overlook their contributions due to outdated stereotypes and rigid employment practices. More →

London office market showing unmistakeable signs of life, especially for Grade A space

London office market showing unmistakeable signs of life, especially for Grade A space

The London office market is demonstrating strong signs of recovery, with declining vacancy rates and robust demand for high-quality spaces.The London office market is demonstrating strong signs of recovery, with declining vacancy rates and robust demand for high-quality spaces. Both occupier and investor activity surged in the third quarter of 2024, reflecting renewed confidence in the capital’s commercial real estate sector. Despite challenges posed by elevated supply levels, the market’s recovery trajectory points to a potential upswing in rents and investment activity heading into 2025, driven by stabilising vacancy rates and continued demand for Grade A office space. More →

CIPD welcomes government’s ‘Get Britain Working’ strategy

CIPD welcomes government’s ‘Get Britain Working’ strategy

The Chartered Institute of Personnel and Development (CIPD) has expressed support for the UK Government's 'Get Britain Working' initiative, which aims to tackle economic inactivityThe Chartered Institute of Personnel and Development (CIPD) has expressed support for the UK Government’s ‘Get Britain Working’ initiative, which aims to tackle economic inactivity and promote greater inclusion within the workforce. However, the CIPD has urged the government to take more ambitious steps to elevate the status of apprenticeships and strengthen partnerships between employers and Jobcentres. More →

Turns out people from Gen Z aren’t bone-idle and unambitious after all

Turns out people from Gen Z aren’t bone-idle and unambitious after all

The work ethic of so-called Gen Z is alive and well, according to a new report. And they want to get on at workMore than a third of office employees (37 percent) feel their work ethic has improved over the past 12 months, according to a new study. This is particularly apparent among younger people such as those belonging to so-called Gen Z, as the figure rises to more than half of those aged 18-24 (55 percent) and 25-34 (57 percent). One in five (22 percent) suggest they ‘always go above and beyond’, with the same number saying that they will ‘do whatever needs to be done to deliver’. More →

Slow progress on sustainable buildings, RICS report claims

Slow progress on sustainable buildings, RICS report claims

While demand for sustainable buildings and investment remains steady, particularly in regions such as Europe, significant gaps persist in terms of skills, knowledge, and financial incentivesThe latest sustainability report from the Royal Institution of Chartered Surveyors (RICS) highlights the continued challenge of embedding sustainable practices within the built environment, despite some signs of progress. While demand for sustainable buildings and investment remains steady, particularly in regions such as Europe, significant gaps persist in terms of skills, knowledge, and financial incentives. More →

People in wealthy societies are more motivated by money than those in poorer countries

People in wealthy societies are more motivated by money than those in poorer countries

The effectiveness of money as a motivator varies greatly across cultures, as highlighted in recent research published in the journal Nature Human BehaviourMoney has long been regarded as a key motivator in driving human effort. Yet, its effectiveness as a motivator varies greatly across cultures, as highlighted in recent research published in the journal Nature Human Behaviour. This study delves into the comparative influence of monetary and psychological incentives on motivation, specifically contrasting “WEIRD” cultures—Western, educated, industrialised, rich, and democratic—with non-WEIRD cultures, such as those in India, China, and South Africa. More →