Search Results for: covid

UK see largest contraction in Labour Force since the 1980s

UK see largest contraction in Labour Force since the 1980s

by • Business, News, Workplace

The final report from the two-year Commission on the Future of Employment Support claims that the UK needs ‘once-in-a-generation reform’ to boost growth and improve living standards in the face of a huge contraction in the country’s labour force. The report suggests that the UK is one of the few developed nations where employment has fallen post-pandemic. The UK has dropped from having the eighth-highest employment rate globally to fifteenth. Had the original position been maintained, the economy would be £25 billion larger annually, with public finances £16 billion better off. More →
A new approach is needed to tackle ill health and economic inactivity, report argues

A new approach is needed to tackle ill health and economic inactivity, report argues

by • News, Wellbeing

A ‘whole-of-government approach’ is needed to tackle the causes of ill health, increase economic activity and reduce NHS demandA ‘whole-of-government approach’ is needed to tackle the causes of ill health, increase economic activity and reduce NHS demand, a new report from the NHS Confederation and Boston Consulting Group claims. According to the report, “Improving our Nation’s Health: A Whole-of-Government Approach to Tackling the Causes of Long-Term Sickness and Economic Inactivity”, reintegrating between half and three-quarters of people who have dropped out of the workforce for reasons of ill health since 2020 could deliver an estimated £109-177 billion boost to the UK’s GDP (2-3 per cent in 2029) and unlock £35-57 billion in fiscal revenue over the next five years. More →
Government minister sparks debate about working from home and increased truancy

Government minister sparks debate about working from home and increased truancy

by • Flexible working, News

  Has the increase in parents working from home led many to become more relaxed about their children missing school?A comment piece published in The Sunday Times by UK Education Secretary Bridget Phillipson has sparked a debate about whether there is a link between the rise in working from home and an increase in truancy levels among pupils. The number of pupils who are routinely and persistently absent from school is around 150 per cent higher than before the Covid-19 pandemic. More →
How younger generations are redefining workplace exits

How younger generations are redefining workplace exits

by • Comment, Workplace

  The modern workplace is witnessing a significant shift in the dynamics of workplace exits, largely driven by younger generationsThe modern workplace is witnessing a significant shift in the dynamics of workplace exits, largely driven by younger generations—especially those born after 1997, known as Gen Z. It’s not just in the places we might expect. For example, in Japan, a country with a reputation for long tenures and employee/employer loyalty, resignation agencies such as Momuri offer services that allow individuals to quit their jobs remotely. Even where moving jobs is relatively rare, this “resignation-as-a-service” has sprung up as a result of discontent within the workforce. This phenomenon, particularly pronounced among younger demographics, is challenging traditional notions of loyalty in the face of workplace dissatisfaction. More →
Remote work is holding back innovation, study claims

Remote work is holding back innovation, study claims

by • Flexible working, News, Wellbeing

Remote work and 'hybrid working' models may greatly enhance employees' work-life balance, but new research suggests they might also be stifling innovationRemote work and ‘hybrid working’ models may greatly enhance employees’ work-life balance, but new research suggests they might also be stifling innovation. The study, led by economists from the University of Essex and the University of Chicago found that employees who worked in a hybrid model were less likely to come up with innovative ideas compared to their colleagues who always worked in the office. Additionally, employees working entirely from home tended to produce lower quality ideas than those who consistently worked in the office. More →
Challenging the concept of work-life balance as we know it

Challenging the concept of work-life balance as we know it

by • Comment, Wellbeing

Rather than encouraging people to aim for the mythical work-life balance, why not support them to experiment with opportunities?The notion of work-life balance has been talked about for decades with the underlying claim that if you achieve it, everything will be perfect. In post-Covid workplaces, hybrid working is becoming the norm and promises of flexibility and yoga on a Thursday lunchtime adorn recruitment adverts. From a distance, it would be easy to think we’ve now nailed the work-life balance challenge. Yet hybrid working hasn’t waved a magic wand and many people struggling feel more like a circus performer, juggling with different-sized objects with sharp corners, whilst riding a unicycle, than they do a calm and collected master balancer. More →
Chancellor to accelerate the sale of public buildings to plug budget gap

Chancellor to accelerate the sale of public buildings to plug budget gap

by • News, Property

Chancellor Rachel Reeves is set to announce significant measures aimed at reducing government spending and optimising public sector assets including public buildingsIn an effort to tackle the fiscal challenges and balance the UK’s budget, Chancellor Rachel Reeves is set to announce significant measures aimed at reducing government spending and optimising public sector assets including public buildings, today. Reeves will lay out her plans in her first major speech as chancellor, where she will highlight what she describes as a £20 billion gap in government spending, attributing it to the economic mismanagement of the previous government. More →
Getting the long term unemployed back into work will transform the economy, says Government adviser

Getting the long term unemployed back into work will transform the economy, says Government adviser

by • News, Workplace

He argues that this approach is essential to address the unsustainable welfare costs associated with the long term unemployed and to mitigate the "toxic" reliance on immigrationThe rising costs of welfare and the country’s increasing dependency on immigration have become significant concerns, prompting a call for reform from a prominent government health adviser. Alan Milburn, a former health secretary, has emphasised the need for individuals with long-term illnesses and others stuck in a cycle of long term unemployment to actively seek employment. He argues that this approach is essential to address the unsustainable welfare costs associated with the long term unemployed and to mitigate the “toxic” reliance on immigration for the workforce. More →
If you offer people universal basic income, they work less but have more choice, study finds

If you offer people universal basic income, they work less but have more choice, study finds

by • News, Workplace

A new study from the Open Research Lab found that while unconditional cash transfers such as universal basic income slightly reduced employment rates and work hours, they increased the financial stability and agency of recipientsA new study from the Open Research Lab found that while unconditional cash transfers such as universal basic income slightly reduced employment rates and work hours, they increased the financial stability and agency of recipients. People were 2 percent less likely to be employed and worked 1.3 fewer hours weekly but had higher incomes when including the cash transfers. The financial support allowed individuals to pursue education, caregiving, health improvements, and more meaningful work. Overall, cash transfers provided recipients with the flexibility to make employment decisions aligned with their personal goals and circumstances. More →
HSBC Headquarters in Canary Wharf to undergo major transformation

HSBC Headquarters in Canary Wharf to undergo major transformation

by • News, Property

This morning, the Canary Wharf Group (CWG) announced plans to reimagine the iconic buildingIn a significant redevelopment move, 8 Canada Square, currently the headquarters of HSBC, is set to be transformed into a modern multi-use skyscraper once the bank vacates its Canary Wharf location in 2027. The global banking giant will relocate to the Square Mile as part of a company refresh, prompting an overhaul of its existing headquarters. This morning, the Canary Wharf Group (CWG) announced plans to reimagine the iconic building into a state-of-the-art space encompassing workspaces, leisure, entertainment, and educational facilities. The building is wholly owned by the Qatari sovereign wealth fund (QIA), with CWG serving as the development partner. More →
The city and the office have much to teach each other

The city and the office have much to teach each other

by • Cities, Features, Workplace design

It’s common to hear people say that the boundaries between the traditional workplace and the outside world have become blurred but it might be closer to the truth to say that in a growing number of cases they have been eradicated and that the evolution of cities and offices is informed by a two way exchange of DNA. Whatever you might hear, these times are far from unprecedented. History has lessons for us both in terms of how we view the events of 2020 and how we might respond to them, including how we progress as a species and make our lives and the world a better place. In 1832, there was an epidemic of cholera in the UK’s towns and cities. In those with a population of 100,000 or more life expectancy was just 26 years. The reasons for this were picked up on by a government official called Edwin Chadwick as a member of the Poor Law Commission.   More →
Addressing bad behavior with good policy

Addressing bad behavior with good policy

by • Comment, Wellbeing, Workplace

Addressing bad behavior in the workplace should be seen as both a challenge and an opportunity, writes Laura DribinThe COVID-19 outbreak (and subsequent lockdowns) did a number on us in our workplaces and in our homes—and we are still paying the price in so many ways. Did employees and managers get so used to remote work that they totally forgot that humans are social creatures and social interaction is vital to our wellbeing. Sometimes it feels that way. I have spent most of my career working on and managing large global projects. Issues that arose always seemed to be focused on headquarters- and/or remote-location considerations but nothing so serious that it would hinder the project team(s) from working together. More →
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