Search Results for: cost of living

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 →

UK ranks 17th worldwide for remote work

UK ranks 17th worldwide for remote work

remote workingThe 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 →

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

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

hard up workers and second jobsNine 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 →

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

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

working from homeEmployers 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 →

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

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

Birmingham BT HQIn 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 →

Coworking workstation price jumps nine percent

Coworking workstation price jumps nine percent

coworking

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 →

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

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

competition for talentNew 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 →

Small business owners continue to struggle with mental health

Small business owners continue to struggle with mental health

mental healthTwo 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 →

Why the over 50s are leaving the workforce in huge numbers

Why the over 50s are leaving the workforce in huge numbers

over 50s leaving workThe UK economy has a problem with its over 50s: following the COVID pandemic, they have been leaving the labour force en masse, causing headaches for businesses and the government. Roughly 300,000 more workers aged between 50 and 65 are now “economically inactive” than before the pandemic, leading a tabloid paper to dub the problem the “silver exodus”. Being economically inactive means that these older workers are neither employed nor looking for a job. Of course, it could simply be that workers saved more during the pandemic and can now afford to retire in comfort earlier than planned. More →

Structural and cultural change are what we need to escape the wellbeing rut

Structural and cultural change are what we need to escape the wellbeing rut

wellbeing at workWellbeing has been one of the largest challenges to the UK workforce over the last several years. A recent study by the Mental Health Foundation and the London School of Economics and Political Science (LSE), states that mental health problems cost the UK economy at least £117.9 billion every year – around 5 percent of the UK’s GDP. Companies recognise the urgency to help: British employers planned to increase spending on employee mental health and wellbeing by 18 percent from 2021 to 2022. But the long and short of the issue is that this progress is being outpaced by accelerating burnout rates among workers. More →

The Great Resignation and what is really happening

The Great Resignation and what is really happening

Great ResignationThe ‘Great Resignation’ is a buzzphrase that first appeared in May 2021, and has struck fear into the hearts of employers ever since. Coined in the US, the term refers to the unprecedented rise in the number of workers resigning from their jobs following the pandemic. There has since been a huge amount of research trying to work out why this has happened. Are workers quitting work entirely, as the pandemic makes us re-evaluate our priorities? Or are they quitting to pursue their dreams in a different career? More →

Flexible working takes a back seat to salary as inflation bites

Flexible working takes a back seat to salary as inflation bites

flexible working and salarySalary is now the most important factor (40 percent) for those looking to make a move as cost-of-living crisis squeezes budgets, claims a new survey from Michael Page. In a week in which UK wage growth was shown to still lag behind the cost of living, the poll suggests that salary is now the number one priority for workers, with flexible working seen as less important. The survey of 2,000 UK office workers claims that over a quarter (28 percent) are currently on the hunt for a new job, rising to 43 percent among those aged 18-34. This points to hopeful times ahead for businesses seeking talent, with recent ONS figures showing that open job vacancies hit a record 1.3m between November and January. More →