Search Results for: finance

The value of tech and talent investment through COVID-19

The value of tech and talent investment through COVID-19

Covid-19For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work, and maintaining the tech-savvy workforce needed to make it all happen, according to a survey conducted by The Harris Poll for CIT Group Inc. (NYSE: CIT). (more…)

Remote work and the coming race to the bottom

Remote work and the coming race to the bottom

One of the most significant consequences of the 2008 economic crash was a remarkable shift in the nature of employment. The recession led to a surge in the number of people categorised as self-employed. The numbers have been increasing ever since, albeit at a more stable rate. By the end of 2019, the number of self-employed people in the UK exceeded five million people for the first time. That’s fifteen percent of the workforce. (more…)

German trial of universal basic income set to begin

German trial of universal basic income set to begin

A new trial of universal basic income and its effects on people’s wellbeing, work and wealth is set to start next year in Germany. The study will see 120 people receive €1,200 each month for three years, and researchers will compare their experiences with another group of 1,380 people who will not receive the payments. (more…)

US workers under lockdown three times more likely to report mental health issues

US workers under lockdown three times more likely to report mental health issues

According to a recent survey of more than 1,500 US based respondents, workers are now three times more likely to report poor mental health than they were before the pandemic. The study also claims that seventy-five percent of people have experienced burnout at work, with 40 percent saying they’ve experienced burnout during the pandemic specifically. The report suggests that this is not surprising, given that 37 percent of employed respondents are currently working longer hours than usual since the pandemic started. (more…)

Rich, female and over- 45? It`s much more likely you thrived during lockdown

Rich, female and over- 45? It`s much more likely you thrived during lockdown

The characteristics that meant you were most likely to thrive during the Covid-19 lockdown have been identified in new research by emlyon business school. The researchers, from emlyon business school’s Lifestyle Research Center, have studied people’s lifestyle, circumstances, and behaviour during the Covid-19 lockdown period, to examine how it has impacted their mental and physical wellbeing. The data comes from a survey of over 1000 respondents, split evenly across France and the UK, gathered near the end of the lockdown period in May. (more…)

People all over the world believe their cities should be smart and sustainable

People all over the world believe their cities should be smart and sustainable

Today’s city living is falling short of citizens’ increased expectations in the digital age. This is according to a new report from the Capgemini Research Institute that explored responses from 10,000 citizens and over 300 city officials across 10 countries and 58 cities. It found that many citizens are frustrated with the current set up of the city in which they live and are prepared to show their opinion by leaving for a more digitally advanced city. On average, 40 percent of residents may leave their city in the future due to a variety of pain points including digital frustrations. (more…)

Containing office costs in the post-lockdown era

Containing office costs in the post-lockdown era

office costs after lockdownAs companies transition back to the office and set out on the road to economic recovery, business leaders are focussed on developing resilient and sustainable strategies. Faced with a new business environment, companies are looking for opportunities to contain office costs, both in the short-term and in the future. Some who have been immune from cost pressures in the past are looking to contain if not reduce costs for the first time. And, after a forced trial of remote working, many are viewing their property portfolio in a new light and questioning whether they are paying for more space than they need. (more…)

Some brutal realities about the future of work

Some brutal realities about the future of work

The future of workNo author uses the built environment like J G Ballard. In his 1975 novel High-Rise, the eponymous structure is both a way of isolating the group of people who live and compete inside it and a metaphor for their personal isolation and inner struggles. Over the course of three months, the building’s services begin to fail. The 2,000 people within, detached from external realities in the 40-storey building, confronted with their true selves and those of their neighbours, descend into selfishness and – ultimately – savagery. (more…)

Mental health and coronavirus: a human resources perspective

Mental health and coronavirus: a human resources perspective

mental healthIn March, coronavirus presented a stark challenge to businesses attempting to cope with workplace absence. FirstCare statistics show that during Q1 2020, more than 98 percent of Covid-19-related absences were due to unconfirmed cases, self-quarantining as a precaution, or caring for dependents. This has resulted in huge financial pressure on businesses. Now though, as restrictions are gradually eased, human resources must respond to the mental health challenges the pandemic has manifested in workers, including grief, trauma, PTSD and more general anxiety. (more…)

Younger workers careers suffer in lockdown, but are hopeful of better future

Younger workers careers suffer in lockdown, but are hopeful of better future

In the face of unprecedented health and economic disruption caused by the COVID-19 pandemic, ‘millennials’ and ‘Gen Zs’ express resolve and a vision to build a better future, a new Deloitte survey claims. The 2020 Deloitte Global Millennial Survey, now in its ninth year, suggests that both generations remain resilient in the face of adversity and are determined to drive positive change in their communities and around the world. (more…)

British Land commits to net zero carbon portfolio by 2030

British Land commits to net zero carbon portfolio by 2030

British Land has launched its sustainability strategy for the next decade, announcing its ambition to transform the entire portfolio to net zero carbon – including developments – by 2030. The company will create a Transition Fund which it claims will drive operational progress and finance the retrofitting of the standing portfolio. It has also committed to roll-out the successful place-based approach to social contribution across the portfolio. (more…)

We are in danger of reanimating some bad ideas about work

We are in danger of reanimating some bad ideas about work

Did you hear the one about a Swiss court ruling that firms should pay to rent space in the homes of remote workers? It’s a hell of a thing, especially when so much has been made of the cost savings of a reduction in office space. It’s a notion that is extremely likely to be tested in other countries, so brace yourself. It also illustrates why so many of the narratives about working life after lockdown aren’t as straightforward as they might appear. (more…)