Search Results for: economic

Legal and mental health concerns mount as businesses brace for redundancies

Legal and mental health concerns mount as businesses brace for redundancies

redundanciesDespite the last-minute extension of the furlough scheme, new research conducted among UK business leaders claims that great concern remains around making redundancies and in particular the legal risk. The survey of over 440 UK business leaders, conducted by employment law and HR support firm Ellis Whittam, also claims two-thirds (66 percent) believe the prospect of making redundancies has negatively impacted their mental wellbeing. (more…)

Focus shifts to refurbishment as new office building in London falls by half

Focus shifts to refurbishment as new office building in London falls by half

office building and constructionThe construction of new offices in central London has declined by half (50 percent) in six months as developers and occupiers shift their focus to refurbishment, according to Deloitte Real Estate’s latest London Office Crane Survey. The crane survey analysed office building data over the six months to 30 September, and included a poll of London’s biggest developers conducted at the end of September. The total office space under construction in central London is now 15.1 million sq ft. This is similar to the level recorded in the previous survey (15.3 million sq ft, the highest since 2002) as developments are now taking longer to complete. (more…)

Rising job insecurity during pandemic linked to mental distress

Rising job insecurity during pandemic linked to mental distress

InsecurityEmployees facing increased job and financial insecurity at the onset of the pandemic suffered a wave of mental distress, according to research published by the National Centre for Social Research (NatCen). Rates of mental distress among employees were 60 percent higher in April than before the pandemic, and 50 percent higher in May, with significant increases both for employees who were furloughed and those who continued at work. (more…)

Built environment sector must think in radical ways and act quickly

Built environment sector must think in radical ways and act quickly

built environment need for actionThe construction sector, the real estate industry and city planners must give high priority to the same goal – to drastically reduce their climate impacts. Powerful, combined efforts across all of the built environment sectors are absolutely crucial for the potential to achieve the UN’s sustainability goals. And what’s more – everything has to happen very quickly. These are the cornerstones to a roadmap presented at the recent Beyond 2020 World Conference. (more…)

Self-confidence vs resilience: What makes entrepreneurs thrive?

Self-confidence vs resilience: What makes entrepreneurs thrive?

entrepreneursIn times of economic stability, entrepreneurs who exude self-confidence are the most likely to thrive. However, when faced with unstable and adverse economic conditions, those entrepreneurs who possess greater resilience are most likely to come out on top, according to new research from Durham University Business School. (more…)

Fear of job loss is making workers less open about mental health

Fear of job loss is making workers less open about mental health

mental healthWorkers have become less open about their mental health struggles since the coronavirus outbreak because of fears they could lose their jobs if they speak up, claims new research from the Enterprise Research Centre. (more…)

Organisations shift attitudes on meeting costs of home office setup

Organisations shift attitudes on meeting costs of home office setup

home officeEighty-two percent of US based employers now believe the organisation should absorb the cost of a home office setup for employees that work from home full-time. This is a dramatic increase over those who did so before COVID-19. These and other findings from The Future of Home Office Cost Sharing survey from Global Workplace Analytics and Design Public Group, will lead to profound changes in how companies procure and distribute technology and furniture, budget for workplaces, attract and retain talent, and manage safety risk, according to the report’s authors. (more…)

Oslo tops list of cities with the best work-life balance

Oslo tops list of cities with the best work-life balance

work-life balanceCloud-based access control company Kisi has released their 2020 work-life balance city index, highlighting how major cities from the 2019 edition have since been impacted by the global pandemic. While every city in the index suffered economic, social and structural consequences, the results of this year’s edition claim that having a safety net in place for workers made a large difference in how a city navigated the crisis. (more…)

Future of work has arrived sooner than expected, WEF report claims

Future of work has arrived sooner than expected, WEF report claims

future of workThe Future of Jobs 2020 report from the World Economic Forum claims that COVID-19 has caused the labour market to change faster than expected. The research suggests that what was recently considered the future of work has now arrived. By 2025, automation and a new division of labour between humans and machines will disrupt 85 million jobs globally in medium and large businesses across 15 industries and 26 economies. (more…)

COVID-19 accelerates Milton Keynes tech transition

COVID-19 accelerates Milton Keynes tech transition

Milton KeynesAs the tech sector and associated businesses rise to the pressures and opportunity presented by the reality of COVID-19, Sue Foxley, Research director at Property Consultants Bidwells delves into the impact of the virtual change within the Milton Keynes office market. (more…)

Radical reskilling needed to ensure future of economy

Radical reskilling needed to ensure future of economy

reskillingResearch carried out by the CBI prior to the pandemic suggests there is an urgent need for the UK to embark on a radical programme of reskilling that goes further and faster than current plans. According to the CBI, the UK faces a stark choice: invest more in lifetime learning and upskilling of millions of employees, or stick to business as usual, and risk sustained higher rates of unemployment and skills shortages. (more…)

Work-life balance suffers for millions, as remote working increases

Work-life balance suffers for millions, as remote working increases

work-life balanceA new report from Dynata, a data and insights company, raises global concerns about the economy, and a “down but not out” resilience across the UK. The report claims that we are now a nation of home workers (as opposed to shopkeepers), juggling a work-life balance as the end of furlough approaches, and many predict a steep rise in redundancies. Dynata’s Global Trends Report: The Economy Edition surveyed over 9000 people across 9 countries globally, including over 1,000 respondents from the UK. (more…)