Search Results for: cost of living

October 5, 2022

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

by Nick Gold • Comment, Flexible working

This 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 →

August 30, 2022

Working families are only three weeks from breadline, claims report

by Neil Franklin • News, Wellbeing

The 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 →

August 18, 2022

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

by Neil Franklin • Flexible working, News, Technology

A 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 →

August 15, 2022

Benefits of zero-hours contracts outweigh downsides for most people

by Neil Franklin • News, Workplace

New 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 →

July 28, 2022

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

by Jayne Smith • Flexible working, News

Around 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 →

July 14, 2022

UK ranks 17th worldwide for remote work

by Neil Franklin • Flexible working, News, Technology

The UK ranks 17th in the world for remote work, according to a new report released by NordLayer. The report evaluated 66 countries in total. The report claims that the two biggest factors in the UK’s score are a relatively low cybersecurity ranking and a lower than expected digital and physical infrastructure ranking. The report concludes that the UK is not necessarily unsafe to work digitally but is taking longer than other countries to adapt and evolve digital practices and standards. More →

June 29, 2022

Hard up workers look to second jobs, side hustles and help from current employers

by Jayne Smith • News, Workplace

Nine in ten UK employees have, or would be interested in a second job, as the COVID-19 pandemic and cost of living crisis sees hard up workers keen to increase incomes and turn hobbies into enterprises according to a poll in Benenden Health’s ‘Workforce of the Future’ report. It claims that almost one in three employees in the UK currently have a second occupation (29 percent), with half of these taking up their additional role during the pandemic. Meanwhile, another survey, from Culture Amp claims that six out of ten employees in the UK believe that their employers should help with the rising cost of living. More →

June 27, 2022

Two thirds of those working from home suspect their employer thinks they are less productive

by Neil Franklin • Flexible working, News

Employers appear to lack trust in their workers to decide where they are the most productive, with more people now returning to the office full-time. Whilst 76 percent of UK respondents said they are more productive working remotely or are just as productive as they are in the office, 65 percent also believe their employer is concerned they are actually less productive when working from home. According to the fifth quarterly Talent Index from Beamery, almost half of workers (44 percent) in the UK say they have been asked to return to the office full-time with almost nine out of ten (88 percent) saying their employer sees staff returning to the office as essential and important. More →

June 20, 2022

Birmingham BT HQ shows road ahead for its offices and the city

by Mike Hills • Cities, Features, Property, Workplace design

In January of 2020, shortly before that thing happened and before we knew much about the UK Government’s ‘levelling up’ programme, Birmingham was already a city on the rise. It had recently been announced that it was to host the Commonwealth Games in 2022 and was riding the crest of a number of high-profile developments and regeneration projects, not least those that arrived on the back of the controversial high speed rail station. More →

May 23, 2022

Coworking workstation price jumps nine percent

by Neil Franklin • Flexible working, News, Property

Between January 2021 and January 2022, the average price for a monthly hot desk rental at a coworking space increased by 9 percent globally, according to the latest report from Coworking Insights, a news source for analysis of the flexible workspace industry. Coworking Insights’ 2022 Hot Desk Price Index Report [paywall] compares pricing from 19,500 coworking spaces in 172 countries across six continents to provide evidence of the demand for shared workspace. More →

May 16, 2022

Competition for talent is fierce, but employers edge away from pay to attract people

by Neil Franklin • News, Workplace

New CIPD research claims that almost half (45 percent) of UK employers report having vacancies that are hard-to-fill, and almost two thirds (65 percent) anticipate problems filling vacancies in the next six months. The most common response made in the past six months by employers with hard-to-fill vacancies has been to increase pay (44 percent). However, only a quarter (27 percent) of organisations plan to raise wages in response to the competition for talent in the future. This suggests that organisations may be approaching their limit on this ‘quick win’ strategy and are exploring alternative options, such as upskilling people and flexible working, to attract and retain people. More →

May 12, 2022

Small business owners continue to struggle with mental health

by Neil Franklin • News, Wellbeing

Two out of five (40 percent) small business owners believe that their emotional recovery from the pandemic will take much longer than that of the financial disruption. And, according to a new study by Xero those investing in wellbeing initiatives were more likely to hold on to staff and grow revenues. Nine out of 10 (92 percent) small business owners experienced symptoms of poor mental health over the last two years, according to the study with the Centre for Economics and Business Research (Cebr) and Opinium. Professional responsibilities played a significant part, with more than half (52 percent) said that running their business has contributed to those symptoms. More →