December 9, 2019

Two-thirds of major world cities set for weaker growth as global slowdown bites

A new report from Oxford Economics (registration) predicts that the present slowdown in the global economy will persist into next year and it is already having a significant impact on growth in the world’s major cities and their prospects. Of the top 900 cities around the world, the report predicts that just under two-thirds, some 586, will experience slower growth in the period 2020-21 than they enjoyed during the past five years – in some cases, very markedly slower, with growth rates of some key cities halved or more. More →

December 9, 2019

Do emails outside of work hours breach employment law?

by Darius Whelan • Comment, Technology, Wellbeing

It is common for many employees to send, read and reply to work emails at all hours of the day and night, including weekends. This change in work culture developed in recent decades and has accelerated with the advent of smartphones. But is this a breach of employment law? The short answer is that “it depends” and we need some test cases to clarify the situation, not least in the UK. Some workplaces have a culture of long working hours and it can be difficult for an individual employee to go against it. The contract may refer to a 40-hour week but the reality may be very different. Smartphones and other digital devices have contributed to a culture of “digital presenteeism”. More →

December 6, 2019

Employers still not fully embracing flexible working

by Neil Franklin • Flexible working, News

Employers aren’t doing enough to help their employees to work flexibly, according to a survey by Tiger Recruitment, which has found that a third of UK workers questioned (32 percent) aren’t happy with the flexible working options available to them. The study of over 2,000 employees claims that only a third have the option of home or remote working – a seven percentage point drop since last year – while only one in five (22 percent) are offered the option of flexi-time, and even fewer have access to informal flexibility (19 percent) or the opportunity to go part-time (18 percent). More →

December 6, 2019

Firms turning to “corporate wellness” programmes as a solution for stress

by Neil Franklin • News, Wellbeing

A new report by workforce performance firm CR Worldwide (CR), drawing on data from 287,000 employees at over 120 large enterprises, claims that as the incidence and awareness of the issue of stress grows, firms have responded with a 22 percent year-on-year increase in UK spending on perceived solutions such as corporate getaways with companies now spending an average of £3,100 per person per trip. The proportion of activity or nature-based business trips involved in such wellness programmes has more than doubled to 56 percent in 2019 compared to the previous year. With human-animal interactions believed to have therapeutic effects on mental health, UK firms are also increasingly offering ‘nature tourism’, from orangutan treks in Borneo to working with endangered rhinos in Rwanda and shark diving. Husky sledging is now among the top 5 Christmas corporate travel activities for UK firms. More →

December 5, 2019

The menopause and other female health issues should be addressed in better ways

by Jayne Smith • News, Wellbeing

From menstruation to menopause, the challenges that come with being a woman at work is causing reoccurring career breaks, which are costing UK businesses, according to a new report from Bupa. As many as 11 million women have had to take a long-term leave of absence at some point during their working life, from their late teens to their early seventies. More →

December 5, 2019

Gartner report sets out top 5 priorities for HR leaders in 2020

by Neil Franklin • News, Workplace

As 2020 approaches, HR leaders are focused on five key measures to continue driving business outcomes, according to a report from Gartner. The priorities include: building critical skills and competencies, strengthening the current and future leadership bench, incorporating organisational design and change management, driving digital business transformation, and enhancing employee experience. More →

December 5, 2019

Firms know of a link between worker experience and success, but cannot find it

by Neil Franklin • Business, News

Against a backdrop of Brexit, political turmoil and a global talent war, retaining the best staff to deliver a competitive advantage has become a crucial priority for many UK business leaders – however few know how to create and deliver the best worker experience, according to new research from Kincentric. More →

December 4, 2019

Employee engagement linked to improved financial performance

by Neil Franklin • News

Companies which make employee engagement a strategic priority may be more likely to perform better financially, according to research released today. An analysis of the UK’s biggest companies found that those which frequently reference “employee engagement” in their annual reports also perform better financially. The findings were released by Sideways 6 which analysed the annual reports of the FTSE100 Index for each of the last three years (2016-18). More →

December 4, 2019

Half of self-employed people do not know what IR35 is

by Neil Franklin • Legal news, News

New research from FreeAgent conducted with 2000 self employed people in the UK, claims that more than half (57 percent) don’t know what IR35 is. The sets of tax legislation encompassed by IR35, designed to combat tax avoidance by workers and the firms hiring them, is unknown to over half of the people most affected by it – the self employed. The legislation, which has been heavily criticised by tax experts and the business community as being poorly conceived, badly implemented by HMRC and causing unnecessary costs and hardships for genuine small businesses, has not been well communicated to self employed people, the research reveals. Tax experts have predicted that IR35 could reduce a worker’s net income by up to 25 percent and Chancellor of the Exchequer, Sajid Javid, recently announced the Conservative Party’s plan to review IR35 as part of its manifesto. More →

December 3, 2019

British workers are amongst the unhappiest in the world, report claims

by Neil Franklin • News, Wellbeing

Coworking provider Mindspace has announced the UK findings of its global work culture survey, which polled 5000 employees across Europe and the US. On the UK side, the survey covered 1000 employees from across the country. In what the report claims is a dramatic wake-up call for UK employers, the survey revealed that around one-quarter of British workers are unhappy in the workplace and looking to change their situations. This places the UK at the end of the line up in workplace happiness among the other countries surveyed. UK workers rated only 73 percent on the report’s happiness index, compared to 81 percent in Germany and 93 percent in the US. More →

December 3, 2019

Manifesto calls for action on disability inclusion as pay gap for disabled people widens

by Neil Franklin • News, Wellbeing

A leading non-profit disability and business organisation is calling on the future Government to commit to a series of actions to support businesses to deliver on disability inclusion. Business Disability Forum published its ‘Manifesto for Inclusive Change’ today (3 December) to mark the United Nations International Day of Persons with Disabilities. The manifesto calls for action in seven areas to ensure that the role businesses play in disabled people’s lives is enhanced, not inhibited, by government policy. To read Business Disability Forum’s ‘Manifesto for Inclusive Change’ go to www.businessdisabilityforum.org.uk . Follow the debate at #DisabilitySmart. More →

December 2, 2019

What you need to know about paying wages in cryptocurrency

by Freddie Steele • Company news, Promotion

Not all of your employees will prefer to have their hard work rewarded with often volatile cryptocurrencies. However, for those already investing in it, having some or all of their salary given as a digital currency may be more appealing and convenient. Below you can find the details of what you will need, some examples of people already doing it and the obstacles you will face.

To make paying your employees a reality, both you and your workers will need to have some additional things. The first is everyone will need a secure wallet to pay the cryptocurrency in. Making sure the best wallets are chosen is vital because there is no backup to the funds stored in them like there is at a conventional bank. Anyone considering their options should not forget to check out the Luno Bitcoin wallet with exceptional safety and stellar reviews.

The other help you will need as a business is a dedicated team of bookkeepers who know how to track payments in Bitcoin – more on that shortly.

Companies already paying in Bitcoin

There are some firms already making the leap to paying employees in cryptocurrency. Notably, a Japanese firm has started using Bitcoin to pay staff. At the moment, this is rare as most firms find the process difficult due to some legalities and taxation issues.

Another way people have been getting paid in cryptocurrency is through freelancing work via apps. There are many apps on the market that will pay freelance workers to complete projects in exchange for Bitcoin and alike. Earn.com is one of the most established, but many similar apps are available.

Legalities and tax

One of the reasons that some of the most trendy fintech startups are not paying in crypto as of yet is because it is an overly complex procedure. For some, it is just not possible as it is against the law to do so, including in many South American and Asian countries. Even in those that do not make it illegal, the taxation and invoicing practicalities of doing so put them off.

For example, in the USA you can legally pay in crypto, but all forms need to show values in US dollars and sophisticated and specialist accountants and bookkeepers would be required, which adds to business expenses.

Will the rules change?

It is possible that as cryptocurrencies become even more mainstream and accepted – as well as regulations are implemented upon them – the idea of paying in crypto will become not only legal, but more feasible. That day may come, but the wait until it is easy to do may be long.

For now, employees may be better swapping their fiat salaries for crypto with a trusted exchange platform and a reliable wallet.

Image by Icons8_team