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Always on working culture in financial services sector driving staff to burnout

Always on working culture in financial services sector driving staff to burnout

always on in the city of LondonMore than nine in ten banking and financial services professionals in the UK work beyond their contracted hours every week, according to a new survey — laying bare the extent of the City’s always on working culture. Almost half, or 47 percent, said that they do not leave the office or take a break at lunchtime, according to the survey by Morgan McKinley. The recruitment firm canvassed the views of around 480 finance workers in an informal poll to come to its conclusions. (more…)

Planning permission granted for new 13 storey London offices

Planning permission granted for new 13 storey London offices

Planning permissionPlanning permission has been granted for a new 13-storey riverside office building at the Embassy Gardens development on London’s South Bank. Named EG:HQ, the development will provide 217,000 sq. ft. of flexible space in zone 1 Nine Elms, in addition to 18,000 sq. ft. of outdoor amenity space which will include a 9,000 sq. ft. communal terrace and several private open-air terraces. (more…)

Migration of flexible offices to contribute £12 billion to local economies

Migration of flexible offices to contribute £12 billion to local economies

flexible offices in BirminghamThe increasing migration of flexible offices to the outskirts of major UK cities is creating a ‘flex economy’ that could contribute more than £12 billion to local economies in the next decade. That’s according to the first comprehensive socio-economic study of second-city and suburban workspaces. The analysis, conducted by economists on behalf of Regus, claims that as Brexit uncertainty continues to impact the economic landscape, individual flexible workspaces in suburban areas could be a welcome lifeline for local economies.

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Flexible working does not reduce levels of overwork

Flexible working does not reduce levels of overwork

UK employees are having to work harder to pay the bills, with the vast majority (91 percent) working beyond their contracted hours on a weekly basis and almost half (43 percent) not leaving the office or taking a break at lunchtime according to an analysis of Morgan McKinley’s Working Hours and Flexibility reports. And the growing practice of flexible working appears to be having no impact on the overworking culture.

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Oxford and Reading are best cities in which to live and work in the UK

Oxford and Reading are best cities in which to live and work in the UK

best citiesOxford has been recognised as the top performing city in the UK to live and work for the fourth year in a row in a nationwide study carried out by PwC. The city has emerged ahead of Reading thanks to work-life balance, income, transport and skills with Bradford being crowned as the most improved city. Published today (12 November 2019), the annual Demos-PwC Good Growth for Cities 2019 sets out to show there’s more to economic well-being than just measuring GDP. The index measures the performance of 42 of the UK’s largest cities, England’s Local Enterprise Partnerships (LEPs) and ten Combined Authorities, against a basket of ten factors which the public think are most important when it comes to economic well being. These include jobs, health, income and skills, as well as work-life balance, house-affordability, travel-to-work times, income equality, environment and  business start-ups. (more…)

The best smart cities focus on people rather than technology

The best smart cities focus on people rather than technology

The best smart cities such as Buenos Aires focus on peopleCities are fast becoming “smart”, and the impact on people’s lives can be immense. Singapore’s smart traffic cameras restrict traffic depending on volume, and ease the commute of thousands of passengers every day. In Kaunas, Lithuania, the cost of parking is automatically deducted from the bank accounts of drivers when they park their cars. In many cities, the timing of public buses is announced at each stop with almost perfect accuracy. And free WiFi is now accessible across entire cities, including Buenos Aires, Argentina (pictured) and Ramallah, Palestine. (more…)

UK and Irish law firms lead the way in adoption of agile working

UK and Irish law firms lead the way in adoption of agile working

agile working at law firmsUK based law firms lead the way in the adoption of agile working, according to a new report from CBRE which looks at the workplace strategies of major legal practices across EMEA regions. CBRE’s Law in EMEA report offers what it claims is the first ever benchmark analysis of the legal sector internationally. Although the report suggests that agile design principles are shown to be strongly associated with lower rents per person in local markets, there is limited take up of this approach amongst legal firms outside the UK.

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Remote working key to winning the battle for talent

Remote working key to winning the battle for talent

remote workingAccording to a new study conducted by the Centre of Economics and Business Research (Cebr) with support from Citrix Systems, Inc., companies that leverage technology to enable flexible and remote working models can not only attract talent, but increase employee engagement and productivity, potentially boosting the US economy by as much as $2.36 trillion a year. Through an online survey of more than 2,500 US knowledge workers conducted in July, the Cebr study sought to determine the potential value to the US economy of the adoption of a more widespread, flexible working culture. It claims that in offering virtual/remote work options and providing the tools to enable them, companies can better compete in the battle for talent by dipping into untapped pools of workers. (more…)

Women less likely to progress at work than male colleagues after childbirth

Women less likely to progress at work than male colleagues after childbirth

women at work Women and men experience a ‘large divergence’ in their career paths in the years following childbirth, according to a study following more than 3,500 new parents. Only 27.8 percent of women are in full-time work or self-employed three years after childbirth, compared to 90 percent of new fathers. And while 26 percent of men have been promoted or moved to a better job in the five years following childbirth, the figure is just 13 percent for women.

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Remote working can increase stress and reduce wellbeing

Remote working can increase stress and reduce wellbeing

remote workingRemote working is becoming more popular than ever. A study released by the Swiss office provider IWG found that 70 percent of professionals work remotely at least one day a week, while 53 percent work remotely for at least half of the week. Some multinationals have their entire staff working remotely, with no fixed office presence at all, which can result in having employees situated all over the world. (more…)

Full fibre broadband could boost UK economy by billions

Full fibre broadband could boost UK economy by billions

The deployment of full-fibre broadband could boost the UK economy by around £59 billion, according to a new report from the Centre for Economics and Business Research (CEBR), commissioned by Openreach. The Full fibre broadband: A platform for growth report claims that connecting the UK to fibre-to-the-Premises (FTTP) broadband could increase productivity, reduce commuting, enable smarter ways of working and improve public services. (more…)

Breaking free of the linearity of modern work

Breaking free of the linearity of modern work

We are working hard, but not smart. Research released by the TUC in April shows that UK workers are putting in the longest hours in the EU, but this isn’t translating into improved productivity. In fact, the research shows employees in Denmark put in over four hours less than UK workers – whilst productivity in Denmark is 23.5 percent higher than the UK. (more…)