Search Results for: financial

The sector responds to the Spring Budget

The sector responds to the Spring Budget

by • Business, News

Yesterday’s Spring Budget included a number of announcements that affect the various people, place and technology professions in the UK. These include a cut in National Insurance, pension fund reforms, support for working parents, AI, helping people back in to work and more. You can see the Government’s own summary here. The various industry sectors have been quick to respond to the announcements. You can see what some people have had to say below, in no particular order. More →

University of Warwick receives £1.25 million to research how AI could change the market for real estate

University of Warwick receives £1.25 million to research how AI could change the market for real estate

by • News, Property, Technology

The University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five yearsThe University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five years. Based in the Gillmore Centre for Financial Technology at Warwick Business School, the new Research Group will draw interdisciplinary scholars and thinkers from across the world to redefine and innovate the financial and property technology landscape. More →

We need to talk about loneliness

We need to talk about loneliness

by • Company news, Wellbeing

From a business perspective, loneliness can be something that is often overlooked, particularly with the growing trend of hybrid workingLast year the World Health Organization (WHO) declared that loneliness is a pressing global health threat. Research has shown that it poses the same health risk as 15 cigarettes a day. According to the ONS, between January and February 2024, one in four adults in the UK reported feeling lonely. The government estimates the cost of severe loneliness per person is roughly £10,000 per year as a result of its impact on wellbeing, health and productivity. From a business perspective, this issue can be something that is often overlooked, particularly with the growing trend of hybrid working. In a connected workplace, employees feel valued, supported, and motivated to contribute their best. More →

Rejection of flexible working request shouldn’t blind employers to their legal duties

Rejection of flexible working request shouldn’t blind employers to their legal duties

by • Comment, Flexible working

Amy Leech of Shoosmiths looks at a recent case following the rejection of a flexible working request and considers its implicationsFlexible working has continued in many workforces since the pandemic. The most common pattern is a hybrid one where employees split their time between the office and home. However some employees are now looking to work remotely on a permanent basis. This is what happened in Wilson v Financial Conduct Authority 2302739/2023. The Claimant submitted a flexible working application requesting to work entirely remotely using her computer and other electronic equipment and to complete all her work without attending a physical office location. The Respondent’s policy was that post-pandemic, the Claimant was expected to work in the office 40 percent of the time and could work the other 60 percent remotely. More →

Fear of judgement prevents working parents from using beneficial workplace policies and support

Fear of judgement prevents working parents from using beneficial workplace policies and support

by • News, Workplace

Although many organisations say they recognise the value in supporting working parents many are still failing to see significant or lasting changeAlthough many organisations say they recognise the value in supporting working parents many are still failing to see significant or lasting change, according to a report published by working WOMBA (Work, Me and the Baby), in partnership with Hult International Business School (Ashridge). According to the report,  The priority actions for boards to drive equal opportunities for working parents, many working parents do not use the policies, support and benefits available to them because they fear being judged negatively by colleagues and managers, and worry about the consequences of doing so on career progression. More →

Work-life balance trumps pay in list of employee wants

Work-life balance trumps pay in list of employee wants

by • News, Wellbeing

The majority of UK workers would choose better work-life balance over higher pay (61 percent vs. 39 percent) in both their current and future jobsThe majority of UK workers would choose better work-life balance over higher pay (61 percent vs. 39 percent) in both their current and future jobs, according to the latest Amex Trendex report which claims to reveal consumer trends and priorities for 2024. According to the report, based on a survey of adults from the UK, Australia, Canada, India, Japan, Mexico, and the United States, personal wellness, work-life balance and the environment are seen as priorities for this year. More →

Employers ‘toughen’ remote working rules 

Employers ‘toughen’ remote working rules 

by • Flexible working, News

Employers are toughening up remote working rules according to a new poll Randstad UK. Three in every five workers in the UK say that, in the past few months, their employer has become stricterEmployers are ‘toughening’ up remote working rules according to a new poll from Randstad UK. Three in every five workers in the UK say that, in the past few months, their employer has become stricter about making staff come into the office. In a survey of 2,000 workers across the UK, 60 per cent agreed with the statement: “In the past few months, my employer has become stricter about making sure staff come into the office.” But the research claims that cutting remote working options may prove counterproductive for organisations. More →

Changing shape of workplace is creating new opportunities for property market

Changing shape of workplace is creating new opportunities for property market

by • Facilities management, News, Property, Workplace design

A new report claims that changing approaches to the workplace will create new opportunities for the quickest and smartest to adaptAfter a challenging environment for commercial real estate in 2023, its fallout provides investors, developers and corporate occupiers with significant opportunities for value creation and transformational organisational change in 2024, says leading property management and investment firm, Colliers (EMEA) in its new market commentary: ‘Engage, activate and accelerate performance: next generation real estate strategies’ [registration]. The report claims that new approaches to the workplace will create new opportunities for the quickest and smartest to adapt. More →

Many people would forgo a pay rise in favour of flexible working

Many people would forgo a pay rise in favour of flexible working

by • Flexible working, News

espite attractive flexible working policies outweighing the need for increased remuneration, the research - conducted by PayFit - claims that a sizable 83 percent of those surveyed felt improvement was needed to their current workplace’s flexible working policiesA new poll claims that nearly 50 percent of respondents would reject a substantial 15 percent pay increase if it meant forfeiting workplace flexibility, even in a challenging financial climate. Despite attractive flexible working policies outweighing the need for increased remuneration, the research – conducted by PayFit – claims that a sizable 83 percent of those surveyed felt improvement was needed to their current workplace’s flexible policies. More →

Status seeking drives non-executive directors to outstay effectiveness

Status seeking drives non-executive directors to outstay effectiveness

by • Business, News

Long-serving non-executive directors (NEDs) who can’t wean themselves off the social status attached to belonging to the corporate board are failing shareholdersLong-serving non-executive directors (NEDs) who can’t wean themselves off the social status attached to belonging to the corporate board are failing shareholders and damaging the companies they are meant to serve, new research from the University of Bath and Queensland University of Technology suggests. Board members who exceed their tenure are putting the identity and self-worth they gain from being a director ahead of their duty to shareholders, compromising board renewal and its financial and strategic performance. More →

Club Employés and Weavr partner to give people more choice and control over employee benefits

Club Employés and Weavr partner to give people more choice and control over employee benefits

by • Company news

European employee benefits platform, Club Employés, has partnered with embedded finance specialists, Weavr, to power a debit card solution for employee benefitsEuropean employee benefits platform, Club Employés, has partnered with embedded finance specialists, Weavr, to power a debit card solution for employee benefits, which gives employees the power to pick the perks they prefer. By expanding access to relevant benefits through the capabilities of embedded finance, employees are more likely to engage with the benefits provided by their employers. More →

London must take better decisions on whether to retrofit its buildings

London must take better decisions on whether to retrofit its buildings

by • Environment, Facilities management, News, Property

The London Assembly Planning and Regeneration Committee has published a new report called Retrofit vs Rebuild? which asks how decisions are made to either retrofit or rebuild properties and the carbon implications for bothThe London Assembly Planning and Regeneration Committee has published a new report called Retrofit vs Rebuild? which asks how decisions are made to either retrofit or rebuild properties and the carbon implications for both. In London, buildings account for an estimated 68 per cent of the city’s carbon emissions. These emissions arise from the construction, operation, and demolition of buildings. The report claims that, if London is to meet the Mayor’s 2030 net zero target, there is an urgent need to reduce emissions from buildings and to retrofit both housing and commercial stock. More →

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