Search Results for: economic

Public transport makes commuting easier and boosts the labour market

Public transport makes commuting easier and boosts the labour market

by • Cities, Features, Flexible working

commuters and public transportFollowing losses of £1.5bn in annual fare revenues incurred during the pandemic, Transport for London recently signed a deal with the UK government for emergency funding. The agreement ensures that new train orders, bridge repairs and tube upgrades will continue as planned. It also will lead to public transport fares rising and bus services being cut. While the Elizabeth Line, a £19 billion east-west addition to the London Underground, opened to great fanfare in May 2022, this year has also seen some of the oldest bus routes in the UK axed: including route 144 between Worcester and Birmingham, route 477 between Dartford and Orpington, and route 84 between north London and Hertfordshire. At least 135 bus routes countrywide currently face cutbacks or permanent cancellation. More →

Skills shortages won’t be solved by offering people more money

Skills shortages won’t be solved by offering people more money

by • News, Workplace

skills shortagesAs businesses across the country face rising costs, new research from the CIPD and Omni warns that using pay to attract talent simply isn’t enough to tackle on-going skills shortages. While an increasing number of organisations (54 percent) are inflating pay to retain talent, this approach is not sustainable for most employers in the face of rising costs. To tackle the skills shortage, organisations need to highlight other components of good working practices when recruiting, such as offering flexible working and promoting career development opportunities. For instance, the latest Resourcing and Talent Planning survey shows that 68 percent of employers that offer hybrid/ remote working say it has allowed their organisation to attract and retain more talent.  More →

The twenty-five technologies that can help climate action

The twenty-five technologies that can help climate action

by • Environment, News, Technology

climate actionA new report by the World Economic Forum’s Climate Trade Zero initiative calls for scaling up trade in 25 key technologies to support climate action and cut greenhouse gas emissions in half by 2030 to meet targets set out in the Paris Agreement on climate change. As many parts of the world face rising energy bills, reducing trade barriers can cut technology costs, as well as speed up availability, innovation, access and adoption. More →

Nearly half of people feel disconnected from colleagues

Nearly half of people feel disconnected from colleagues

by • News, Wellbeing

Around 42 percent of UK employees don’t feel a sense of connection to co-workers and a quarter say they don’t think they have one friend at work, according to a new poll from BetterUp [registration]. UK employees with a lower sense of belonging have an 80 per cent stronger intention to quit their jobs than those who feel comfortable at work, according to the survey. It also claims that the findings come as UK workplaces are struggling with new trends such as ‘quiet quitting’, whereby employees are setting boundaries when it comes to working late and working on projects that aren’t in their job description, as well as issues around recruitment and talent retention. More →

Established businesses must do more to support local entrepreneurs and startups

Established businesses must do more to support local entrepreneurs and startups

by • Company news

With SME’s accounting for the employment of more than half of the UK’s workforce, supporting these businesses is of benefit to everyone while geopolitical events and the impact of the pandemic continue to cause economic uncertainty.  Entrepreneurs and small businesses are vital for spurring on evolutions in our technology and creating new markets for services and products, therefore bringing about competition which in turn boosts productivity that benefits our own and other economies, helping them withstand and recover faster from financial downturns. More →

Is the growing number of working mums a cause for celebration or concern?

Is the growing number of working mums a cause for celebration or concern?

by • Comment, Wellbeing

working mumsWorking mothers are a resilient group, accustomed to juggling work responsibilities and family time with aplomb. Such was the conclusion in a report from McKinsey last year. But the day-to-day challenges they face can severely test that resilience. The proportion of working mums in the UK has just matched the highest ever recorded figure. In the three months to June, 75 per cent of women with dependent children were in employment, according to the Office for National Statistics. By comparison, 93 per cent of fathers were in employment during the same period. More →

Workplace decision making is subject to a number of conflicting forces

Workplace decision making is subject to a number of conflicting forces

by • News, Workplace

workplace decisionA new survey from 15Five claims that the workplace is in a state of upheaval, with one-third of workers planning to quit their jobs despite the potential economic downturn. Conversely, nearly one in five organisations are planning on layoffs, and more than one-third of HR leaders have rescinded job offers. The poll of 1,000 US full time employees and 500 HR leaders [registration] also claims that work-life balance is a top concern for employees, behind only pay and health benefits. When HR leaders were asked what was most important to their employees, work-life balance claimed the number one spot (64.6 percent), followed by health benefits (62.8 percent) and growth opportunities (54.6 percent). More →

Personal space is not merely an issue of hygiene, but a biological imperative

Personal space is not merely an issue of hygiene, but a biological imperative

by • Comment, Wellbeing, Workplace design

personal space and office designThe current debate about how much space we will need in the office from now on is not new. As with many of the debate’s facets, the point at which we find ourselves has long been our destination. We’re just here earlier than we might have expected. More →

Commercial real estate enters downturn in UK, claims RICS

Commercial real estate enters downturn in UK, claims RICS

by • News, Property

commercial real estateThe UK’s commercial real estate market is entering or might already be in a downturn, according to an industry survey from the Royal Institute of Chartered Surveyors. As higher interest rates push up investors’ financing costs and economic sentiment takes a dive, 43 percent of respondents to its quarterly commercial property survey thought the sector was in the early stages of a downturn, and a further 10 percent thought it was in the middle of one. By contrast, three months ago 53 percent said the sector was in the early or middle stages of an upturn, a proportion that has now slumped to 22 percent. More →

Rising office fit-out costs begin to hit occupiers

Rising office fit-out costs begin to hit occupiers

by • News, Property

office fit-out costsAn analysis by Savills of Q2 2022 Prime Office Costs (SPOC) in global markets around the world suggests that inflation and supply chain issues are now feeding into office fit-out costs and keeping occupiers’ net effective costs high in many cities around the world. Over the past year office fit-out costs have risen an average of 6 percent across the SPOC cities that have so far reported rises says Savills, although proportionally they remain a small part of overall costs compared to rents. More →

UK ranks 17th worldwide for remote work

UK ranks 17th worldwide for remote work

by • Flexible working, News, Technology

remote workingThe UK ranks 17th in the world for remote work, according to a new report released by NordLayer. The report evaluated 66 countries in total. The report claims that the two biggest factors in the UK’s score are a relatively low cybersecurity ranking and a lower than expected digital and physical infrastructure ranking. The report concludes that the UK is not necessarily unsafe to work digitally but is taking longer than other countries to adapt and evolve digital practices and standards. More →

Confetti launches new collection of team building experiences as demand for DE&I in business increases

Confetti launches new collection of team building experiences as demand for DE&I in business increases

by • Company news

With McKinsey & Company reporting that businesses with more diverse teams —whether that’s racially, socio economically or educationally— are 35 percent more profitable than organisations that are not, tech start-up Confetti, a website for booking virtual corporate development and team building events, has launched a new Diversity, Equality and Inclusion (DE&I) collection of 27 distinctive team building experiences, aiming to release five new experiences every month. More →

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