Search Results for: recession

Organisations weigh up options to make workplace fit for the future

Organisations weigh up options to make workplace fit for the future

a fit for the future workplaceAvison Young, realestateworks and HLM Architects have launched a new report that assesses the impact of this year’s pandemic on workplace and corporate real estate strategies in the longer-term. Over 100 private and public sector companies were asked about their evolving approach to working culture, office design and portfolio strategies in the context of multiple forces of change, including greater resilience, the decarbonisation agenda, personalisation, remote working and the integration of the physical and virtual workspaces. More →

The great lesson of 2020 for small businesses is to be ready for anything

The great lesson of 2020 for small businesses is to be ready for anything

small businessesThe repercussions of Covid-19 for the small business community have been particularly ruinous. Recent figures paint a worrying picture, revealing that approximately 76,300 SMEs in London alone ceased operations completely as a direct result of the pandemic, with lockdowns costing from £30,000 to £75,000 for one in ten small businesses. As the most vulnerable business segment in the current crisis, SMEs needed the biggest support and, by the end of April, had already received over £4 billion via the government’s CBIL scheme. More →

Work really has become much harder during the pandemic

Work really has become much harder during the pandemic

The burden of work, Sisyphus by TitianThe pandemic has seriously altered how we work. According to statistics published by the International Labour Organization (ILO) in September 2020, US$35 trillion (£26 trillion) has been lost globally in labour income. There has also been an estimated loss of 17 percent of working hours worldwide since 2019, with young people and women being hit hardest. And many of those still in jobs are working under very different conditions. More →

Future of work has arrived sooner than expected, WEF report claims

Future of work has arrived sooner than expected, WEF report claims

future of workThe Future of Jobs 2020 report from the World Economic Forum claims that COVID-19 has caused the labour market to change faster than expected. The research suggests that what was recently considered the future of work has now arrived. By 2025, automation and a new division of labour between humans and machines will disrupt 85 million jobs globally in medium and large businesses across 15 industries and 26 economies. More →

Working from home seems to relieve the burden of imposter syndrome

Working from home seems to relieve the burden of imposter syndrome

imposter syndromeIn a new study of around 2,000 workers conducted in partnership with the University of Nottingham, Totaljobs claims to have seen a 57 percent decrease in feelings of imposter syndrome compared to a similar survey last year, with just 3 in 10 workers in 2020 finding themselves experiencing feelings of what the study describes as Imposter Phenomenon. The 2019 study claims that 7 in 10 workers in the UK had suffered from complex ‘imposter’ feelings that can sabotage careers and harm our mental health. More →

Employees concern over the fairness of who returns to the office

Employees concern over the fairness of who returns to the office

FairnessFairness around office rota decisions and implementation is a top employee concern, claims new research by HSM. As employers now consider the impact of a second wave of Covid-19, the Government is now encouraging people to work from home and grapple with decisions around how and when to bring people back to the office. More →

Remote work and the coming race to the bottom

Remote work and the coming race to the bottom

One of the most significant consequences of the 2008 economic crash was a remarkable shift in the nature of employment. The recession led to a surge in the number of people categorised as self-employed. The numbers have been increasing ever since, albeit at a more stable rate. By the end of 2019, the number of self-employed people in the UK exceeded five million people for the first time. That’s fifteen percent of the workforce. More →

Is it time to get rid of all workplace policies and procedures?

Is it time to get rid of all workplace policies and procedures?

workplace policiesAfter twenty-five years of telling employers that their first response to any workplace problem should be ‘draw up a policy’, it pains me to even suggest this; but what if we abolished all workplace policies and procedures? Yes, you heard me correctly – no policies for discipline and grievances, for handling sickness absence, menopause, mental health, flexible working, redundancies, emails, dress codes, discrimination etcetera. More →

Leaders need to develop a high care quotient for the new challenges they face

Leaders need to develop a high care quotient for the new challenges they face

Everything has taken a hit in 2020. Nothing has gone unscathed or unchanged – and the same goes for leadership. From boardrooms to living rooms, meeting rooms to spare rooms, leadership has moved away from face-to-face interactions to digital communications. Meanwhile, forward-thinking initiatives, spurred on by continuing diversity imbalances and widening gender pay gaps, have been put on hold. Following government guidance, only half of businesses published their 2018-19 gender pay gap report – which could reportedly push gender equality back a whole generation. We are risking losing sight of what’s important to us – and unless we’re intentional about how we make systemic, much-needed organisational changes, they’re not going to happen if we only focus on more ‘critical’ things, or keeping the lights on. More →

Younger workers careers suffer in lockdown, but are hopeful of better future

Younger workers careers suffer in lockdown, but are hopeful of better future

In the face of unprecedented health and economic disruption caused by the COVID-19 pandemic, ‘millennials’ and ‘Gen Zs’ express resolve and a vision to build a better future, a new Deloitte survey claims. The 2020 Deloitte Global Millennial Survey, now in its ninth year, suggests that both generations remain resilient in the face of adversity and are determined to drive positive change in their communities and around the world. More →

Positive employee experience expected to significantly dip as ‘a new burnout’ looms

Positive employee experience expected to significantly dip as ‘a new burnout’ looms

employee experienceKincentric today announced the results of a survey representing over 130,000 employees across 100 companies globally. The findings suggest a strong positive employee experience, however, Kincentric believes these are artificially high due to the extraordinary circumstances and will likely erode within nine months, which is consistent with how most people process change or loss, claims Global Culture & Engagement Practice Leader, Ken Oehler.

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Watchdog raises concerns at councils` commercial property investments

Watchdog raises concerns at councils` commercial property investments

commercial property risksSome local authorities in England have invested significant public money in buying commercial property over the past three years with the aim of generating a financial return. Debt has increased for many of these authorities as a result, with a small group seeing significant increases in the amount they owe and the cost of repayment, according to the National Audit Office (NAO). More →