Search Results for: business

November 9, 2022

Disability pay gap rises despite greater awareness and efforts of campaigners

Non-disabled employees now earn around 17.2 percent more on average than disabled workers in 2022, an increase from the 16.5 percent disability pay gap last year, according to analysis published by the Trades Union Congress (TUC). The research suggests that the disability pay gap for 2022 was £2.05 an hour, or £3,731 per year for those working a 35-hour week. The pay gap starts at age 20 at 65 pence an hour and increases to a peak of £3.55 an hour, or £6,461 a year, for disabled workers aged 40 to 44. More →

November 9, 2022

Cost of living forcing people to seek out sources of extra income

by Neil Franklin • News

Workers are looking for new jobs, asking for extra shifts, or taking on side hustles to make ends meet as everyday expenses eat up a bigger chunk of their pay cheques. A new Qualtrics study claims that 77 percent of workers say it’s harder to pay for their living expenses than it was a year ago. In the UK, inflation recently rose above 10 percent for the second time this year amid soaring food prices. Compounding the impact of the cost of living, many of the work-related expenses that were relieved by remote work, such as commute costs and full-time childcare, are returning as an increasing number of people head back to the office. More →

November 9, 2022

Workplace wellbeing remains a neglected issue for many firms

by Freddie Steele • News, Wellbeing

Two in five businesses have either cut or maintained workplace wellbeing budgets despite growing pressures on their staff, according to a new report. Faced with stressors such as the cost-of-living crisis, political uncertainty, and the ‘return to work’ post-Covid, just 16 percent of directors and risk practitioners said their wellbeing budgets had seen a significant increase. Around 40 percent of businesses had increased their budgets slightly to tackle issues such as mental, physical, financial health, organisational vision, values, culture and working standards, according to the poll by Deloitte, the International Institute of Risk and Safety Management (IIRSM) and the Institute of Directors (IoD). More →

November 8, 2022

Hybrid working driving demand for areas with easier commutes

by Neil Franklin • Flexible working, News, Property, Workplace design

A report from Unispace claims that employees’ new preference for hybrid working has created an immediate need for firms to re-think their real estate footprint. Today, with over 60 percent of office-based employees preferring to work remotely or in a more flexible way, rather than commute to city centres five days a week, employers are considering the greater use or addition of satellite offices to their portfolio. According to the study of 3,000 office workers across Europe, 79 percent of the workforce would be happier to return to the office if it was just five to 10 minutes away from their home, suggesting that satellite offices could be a solution to boost collaboration, socialisation, engagement and staff retention. More →

November 8, 2022

Zero carbon tech for building materials gets $12 billion commitment at COP27

by Neil Franklin • Architecture, Environment, Facilities management, News

The World Economic Forum and US Special Presidential Envoy for Climate announced today at COP27, the expansion of a coalition of global companies, to commit $12 billion in 2030 purchase commitments for zero carbon and green technologies to decarbonise the cement and concrete industry and other hard-to-abate sectors. The latest expansion of the First Movers Coalition – made up of 65 companies with a collective market value of approximately $8 trillion – focuses on cleaning up one of the world’s most carbon-intensive industry sectors through purchasing commitments for low-carbon technology. From construction and engineering to real estate and developers, newly announced First Mover companies have committed to purchasing at least 10 percent near-zero cement and concrete per year by 2030. More →

November 7, 2022

EFG utilises KI products to create an elegant, sophisticated workspace

by Freddie Steele • Company news, Works Magazine

Swiss private bank firm EFG International has recently moved to Park Street in London’s Mayfair neighbourhood. Their new facilities are a manifestation of their brand and provide an elegant, sophisticated experience for their team and visitors alike. The move has allowed the business to change its layout from traditional offices to a more open space that supports hybrid working. The new space was designed by Simon Hart and Stefano Albanese of AIS Interiors. As part of the transition, project furniture consultants byBailey selected KI desking and storage solutions. More →

November 4, 2022

BCFA rebrands to shape the future of commercial interiors

by Freddie Steele • Company news, Workplace design

Commercial Interiors UK, is to be the new name for the BCFA – the UK’s largest trade association representing the commercial interiors sector. Its 250+ members represent leading manufacturers, suppliers, and designers – all shaping inspirational commercial interiors internationally. The rebrand comes after an in-depth strategic review ensuring that this highly respected trade association continues to deliver unrivalled support to its members, addressing the business challenges they face, and in doing so, championing issues affecting the commercial interiors sector as a whole. More →

November 4, 2022

Responsible capitalism, and space as a service will shape real estate industry over next 20 years

by Neil Franklin • Environment, News, Property

Europe’s real estate leaders have set out a long-term vision for the industry. In this scenario the most successful firms have adopted ‘responsible capitalism,’ the user is the centre of attention, the cycle of demolition and development has been broken, mixed-use is the norm and multi-disciplinary and in-house teams deliver space as a service across a range of sectors. Emerging Trends in Real Estate Europe 2023, the twentieth annual survey of European real estate sector leaders’ expectations by the Urban Land Institute (ULI) and PwC, has looked beyond the year ahead at the trends shaping the industry over the next two decades. This report captures the views of over 900 sector leaders from across Europe. More →

November 4, 2022

Corporate real estate sector facing up to tough year ahead

by Neil Franklin • News, Property

Corporate real estate business confidence and expectations of profitability have dropped to a low level, reflecting widespread industry concerns across an array of indicators for the business, political and real estate environments. Emerging Trends in Real Estate Europe 2023 is the twentieth annual survey by the Urban Land Institute (ULI) and PwC UK of European real estate sector leaders’ expectations for the year ahead. Based on the views of around 900 real estate leaders from across Europe, the report claims that 91 percent concerned about inflation, closely followed by interest rate movements (89 percent) and European economic growth (88 percent). Political uncertainty at the global, regional and national levels are of high concern as well. More →

November 3, 2022

Are digital skills the key to a happier, more productive workforce?

by Katy Liddell • Comment, Technology, Workplace

The rising cost-of-living is impacting life and work in all four corners of the UK. Research from BCC has found that businesses feel compelled to increase their own prices. With costs rising, businesses are facing growing pressures. Not least the need to attract and retain the talent they can depend on to deliver. Research has shown that taking time to upskill current employees, especially in terms of their digital skills, benefits both productivity and engagement at all levels of an organisation. Our own Tech and Battle for Talent report recognises that 42 percent of employees in organisations across the UK would be more likely to stay in their current role if employers provided regular and intensive training, while 47 percent would be happier. More →

November 3, 2022

Ethical organisations can pave the way to hell with their good intentions

by Neil Franklin • Business, News

Despite the growing focus for more ethical investment and management styles, a new paper from Rotterdam School of Management, Erasmus University (RSM) claims to have uncovered eight unethical effects that can ‘sneak in’, even when organisations are doing their best to act ethically. In his research Muel Kaptein, Professor of Business Ethics and Integrity Management, has looked at how even ostensibly ethical organisations can sometimes facilitate unethical behaviour. More →

November 3, 2022

Younger workers turn to friends rather than colleagues for career advice

by Jayne Smith • News, Workplace

A new poll from Right Management, claims that British office workers aged 18-24 years are much more likely to turn to friends in similar jobs for career advice, than to seek guidance from their immediate manager or any other colleagues (older or younger) in their team. After two years of remote and hybrid working impacting on office life, younger workers who need career guidance are more likely (38.1 percent) to turn to their friends in similar jobs for advice, whereas all other working age groups (those aged 25+) prioritise getting their career advice directly from their immediate manager. More →