Search Results for: finance

February 13, 2019

Stark levels of stress among small business owners as they struggle to stay solvent

Chronic work-related stress has risen sharply among small business owners, with a fifth of small business owners look to taking a job elsewhere to stay afloat this year. This is according to new research from AXA, which reveals that many are adopting short-term planning and cutting reliance on external funding ahead of Brexit. Staying agile and light is a common strategy, but may not give businesses the best chance of survival if financial cushions are not in place too. The study finds a sharp increase in financial anxiety amongst business owners. Over the course of 2018, those reporting they felt chronically stressed about their businesses increased by almost 50 percent, reaching 29 percent by year end. (more…)

February 4, 2019

Financial services firms slow in offering flexible working to all employees

by Neil Franklin • Flexible working, News

New research from TeleWare claims that 94 percent of employees in financial services firms believe it is important for them to be able to choose the hours they work and where from. Yet, only just over a third (36 percent) of employees in the sector work for firms that offer flexible working. Of those firms that do offer it, more than a fifth (22 percent) of employees said it isn’t available to all employees – only those of a certain level of seniority.

(more…)

February 1, 2019

Are these the 2019 Top Employers to work for in the UK

by Neil Franklin • Company news, Wellbeing, Workplace

The Top Employers Institute, a certifier recognising employers that provide world-class employee conditions, has released its list of Certified UK Top Employers for 2019. Over 600 HR professionals gathered at London’s Hilton on Park Lane, on the 31st January 2019, to recognise the best employers in the UK. (more…)

January 29, 2019

Northern English cities bear brunt of government spending cuts

by Mark Eltringham • Cities, News

The UK’s cities, and especially those in the North of England have borne nearly three-quarters (74 percent) of all real-terms local government funding cuts in the last decade despite being home to just 54 percent of the population, according to Centre for Cities’ annual Cities Outlook 2019 report – the Centre’s annual health check on UK city economies. This is equivalent to a reduction of £386 per city dweller since 2009/10, compared to £172 per person living elsewhere. Cities Outlook 2019 reveals a clear geographical divide in where cuts to cities have fallen, with the top five worst affected cities all located in the North of England.

(more…)

January 21, 2019

MPs back plan to increase gender diversity in business

by Sara Bean • Legal news, News, Workplace

A majority of MPs have backed a recommendation to increase gender diversity in business by extending the “Women in Finance Charter” to cover all businesses in the UK. The recommendation comes from the professional accountancy body AAT (Association of Accounting Technicians). The Charter asks financial services firms to commit to implement four key industry actions; to have a named senior executive responsible and accountable for gender diversity and inclusion; set internal targets for gender diversity in senior management positions; publish progress annually and ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity. (more…)

January 15, 2019

Workplace productivity plummets during January

by Neil Franklin • News, Workplace

Around a quarter (26 percent) of British workers believe that January is their least productive month with the nation still recovering from the Christmas period, according to a new report from Hitachi Capital Invoice Finance. The report also claims that December is the second least productive month (14 percent) whist 32 percent surveyed suggested that they’re equally unproductive across the entire year. Residents of the Welsh capital Cardiff were found to be the least productive in January (34 percent) closely followed by Southampton (31 percent) and Sheffield (30 percent).

(more…)

January 7, 2019

World Bank report calls for changing approach to working cultures

by Neil Franklin • News, Workplace

A new report from the World Bank has call for more investment in people to prepare them for the economies of the future. The 2019 World Development report (WDR) “The Changing Nature of Work” claims that digital technologies are driving the demand for advanced cognitive skills, socio-behavioral skills, and adaptability in labour markets. The digital economy also presents an opportunity to create more jobs.

(more…)

December 21, 2018

Are open plan workspaces truly evil or is this just fake news?

by Dr Caroline M. Burns • Features, Workplace design

A recently published paper describing the results of an academic study by Ethan S. Bernstein and Stephen Turban[1], both of Harvard, has become another unwarranted casualty of the debate within our industry and in the mainstream media on ‘open plan’ offices versus anything else. The researchers conducted two controlled studies in different organisations before and after a workplace refurbishment from dedicated cubicles to dedicated open plan (benching) neighbourhoods, and concluded that face to face interaction reduced significantly, while email and other digital communications increased in the new environment.

(more…)

December 13, 2018

The scale and complexity of public sector procurement makes a change of direction difficult

by Mark Eltringham • News

A new report from the Institute for Government claims that the British government spends around £284bn – almost one-third of its total expenditure – with external suppliers. Given its scale, public sector procurement could not easily be abandoned even if politicians wanted, the report concludes. It says that four departments spent more than half of their entire budgets with external suppliers last year. It also finds that the largest suppliers are winning more and more government business.

(more…)

December 12, 2018

Unhappy workers engage in non-work related activities to get through the day

by Neil Franklin • News, Workplace

Over two thirds (69 percent) of full-time employees in the UK are currently unhappy at work, with the majority (88 percent) admitting to regularly doing non-work related activities to ‘make the day go faster’, new research claims. Of the 2,101 respondents surveyed, 61 percent stated that the largest distraction at work is gossiping to other co-workers, followed by almost half (45 percent) spending time procrastinating on Facebook and using personal email (44 percent).

(more…)

December 7, 2018

Half of employees prefer to discuss health issues with colleagues than loved ones

by Sara Bean • News, Wellbeing, Workplace

Almost half (49 percent) of UK employees admit they speak to colleagues about health concerns before sharing it with a partner or loved one, claims new research by Bupa Health Clinics. Stress, sleep, anxiety and weight problems are among the main concerns being discussed by employees at work, before confiding in those closest to home. The new report found that 46 percent of employees prefer to talk about health with a colleague over a loved one. Many do so with good intentions with more than a third finding it easier to talk to a colleague as they are less likely to worry.

(more…)

December 6, 2018

Asia increasingly challenging economic hegemony of western cities

by Neil Franklin • Cities, News

Oxford Economics has published its annual Global Cities research report projecting the shifting landscape of the world’s leading cities from 2019 to 2035. It examine which major cities will be the urban superpowers of the future and which are poised for the most rapid expansions of their economies, populations and business heft. Its main finding is that Asia’s cities, especially those in India such as Surat (pictured) and Agra are making huge strides, although New York, Tokyo, Los Angeles and London stay as the metropolitan superpowers. New York maintains pole position while Tokyo falls below Los Angeles and London in the ranking. (more…)