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Freelancers` motivations explored in new report

Freelancers` motivations explored in new report

FreelancersFreelancers value the freedom and flexibility of being their own boss but their happiness is most closely correlated with how much money they earn, a survey of 7,000 freelancers has claimed. According to the report from Payoneer (registration required), the worldwide average hourly rate charged by freelancers is $21, up from $19 two years ago. This is significantly higher than the average salary in many of the 150 countries surveyed. Those who work exclusively in freelancing earn a higher rate and are more satisfied with their lifestyle than those who split their time working for a company. More →

AI will transform financial services in two years

AI will transform financial services in two years

AINearly two-thirds of financial services leaders expect to be mass adopters of AI in two years compared to just 16 percent harnessing it today, a survey from the World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) claims. This is despite fears around AI, with 58 percent of the 150 senior executives surveyed expecting it to worsen discrimination in the sector and the same number expecting privacy breaches to increase. More →

Demand for commercial property in London continues to put upward pressure on rent

Demand for commercial property in London continues to put upward pressure on rent

London commercial propertyFollowing sustained levels of leasing activity throughout the year, JLL has calculated that over 10.7m sq ft of office space in central London has been transacted so far in 2019 and with over 3m sq ft currently under offer, has suggested that take-up is on track to total 11.6 m sq ft at year-end – which is ahead of the 11.5m sq ft of space that was leased in 2018.  Both the City and West End commercial property markets are expected to see take-up levels broadly echo last year’s totals. More →

Majority of organisations remain unprepared for executive pay gap reporting

Majority of organisations remain unprepared for executive pay gap reporting

Three-fifths of UK organisations are still not ready to report their executive pay gap almost twelve months after the legislation came into force, claims a new poll by HR services provider MHR. This year UK listed companies with more than 250 employees are, for the first time, obliged to publish the pay ratio between their CEO and “average” employees in early 2020 and explain the reason for their executive pay ratios. More →

Burnout remains a risk for workers of all generations

Burnout remains a risk for workers of all generations

burnoutFlexible working has become an important part of the modern UK economy, with over half of employees taking up a flexible working arrangement. However, Nuffield Health’s latest whitepaper The effects of remote working on stress, wellbeing and productivity has found while remote working is associated with higher workplace wellbeing, it can also present many business challenges including the risk of burnout for an increasingly diverse workforce. More →

Are these the best places to work in the UK?

Are these the best places to work in the UK?

Glassdoor has announced the winners of its 12th annual Employees’ Choice Awards – its sixth in the UK – honouring the Best Places to Work in 2020 across the UK and eight other countries. Unlike other workplace awards, the Glassdoor Employees’ Choice Awards are based on the input of employees who voluntarily provide anonymous feedback, by completing a company review about their job, work environment and employer over the past year. Common themes among the Top 50 UK Best Places to Work in 2020 include work-life balance, a great culture, smart people and respect for and from leadership and senior management. More →

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 →

Brexit continues to affect jobs market in UK, despite latest delay

Brexit continues to affect jobs market in UK, despite latest delay

Brexit affecting jobs marketAlthough the stuttering resolution of the Brexit issue has had a mixed impact on the economy so far, a new study claims that the effects can be discerned in the jobs market. The number of vacancies has dropped below 1 million for the first time in over four years, after losing a total of 132,201 jobs in the past 12 months according to the latest research from job search engine Adzuna.co.uk. The Energy, Oil and Gas industry has seen just over a third of jobs wiped from the job market in the past 12 months as Brexit uncertainty continues to unsettle the job market. Domestic work has seen an equal number of jobs lost in the past 12 months (34 percent). More →

Cyber security remains a key tech priority for businesses

Cyber security remains a key tech priority for businesses

cyber securityOrganisations are prioritising investment in cyber security to strengthen their defences against their perceptions of a growing threat, according to a new survey of its customers to gauge their technological priorities by Softcat. According to a BBC report, 55 percent of UK firms have experienced a cyber-attack in 2019, up 15 percent compared to last year, signifying a growing threat so their fears may be well-founded. Softcat’s survey claims that 83 percent of industries ranking cyber security as their biggest technology priority for the year ahead. More →

The workplace of the future and its tech must work for the good of society

The workplace of the future and its tech must work for the good of society

Competitive sport is a game changer in the workplace

Competitive sport is a game changer in the workplace

A new report by The Institute of Leadership & Management called Leaders at Play claims that participating in competitive sport gives people an advantage in their working lives, which in turn gives men an advantage because many more have competed in sports. The report also claims that people are often aware of the link because three quarters of workers who play competitive sport believe it gives them skills and capabilities that provide them with a workplace advantage. More →

People switch their focus to work life balance at age 45

People switch their focus to work life balance at age 45

work life balanceMore than three in five UK adults (61 percent) favour work life balance over a high salary, according to a new study from Hitachi Personal Finance. The report also claims that it is those aged 45 and upwards who are most likely to seek out a better overall quality of life at the expense of other job priorities, with 82 percent of workers aged over 45 saying they would always opt for a better life balance over a high salary, given the choice, compared with 49 percent of under 45s. More →