Search Results for: financial

Two thirds of young professionals now have a ‘side hustle’ to make ends meet

Two thirds of young professionals now have a ‘side hustle’ to make ends meet

A relaxed looking young man sitting at a desk to illustrate the idea of a side hustleTwo thirds of professionals under the age of 24 claim to have a ‘side hustle’ – with 74 percent stating it is ‘too risky’ to focus on just having one job as they may have done pre-pandemic. In a poll – of 6,000 white-collar professionals – undertaken by recruitment consultancy Robert Walters; 54 percent of young professionals expressed a desire for a ‘portfolio career’ – the concept of monetising your skills in several ways and having multiple income sources, rather than a single job at one company. More →

Retrofitting buildings essential to reduce energy costs and combat the global energy crisis

Retrofitting buildings essential to reduce energy costs and combat the global energy crisis

A tree lined street to illustrate the green benefits of retrofitting buildingsA new report from JLL claims that rising energy costs are expediting the move toward more efficient buildings. JLL’s Retrofitting Buildings to be Future-Fit research suggests that net-zero carbon (NZC) intervention measures directly impact a building’s bottom line and that failing to decarbonise leads to significant financial risk. For many buildings, meeting 2050 decarbonization targets put forward in the Paris Climate Agreement is grounded in retrofitting current spaces, which can also garner higher rents, reduce financial risk and generate higher occupancy rates and tenant satisfaction. More →

BDP reports on successful year for the design firm

BDP reports on successful year for the design firm

BDP installation at Astra ZenecaBDP has published its results for the financial year ended 30 June 2022. The practice achieved revenues of £136.6m and an operating profit of £13.2m. The multidisciplinary practice won a number of prestigious projects in the financial year and expanded into new locations by establishing new presences in New York, Lima and Edinburgh to create a network of integrated, collaborative studios with global reach. The organisation’s employee numbers have also returned to pre-pandemic levels as it welcomed talented people back to its workplaces across the globe. More →

UK will be only developed country in world with lower employment in 2023 than pre-pandemic

UK will be only developed country in world with lower employment in 2023 than pre-pandemic

The cover image of the report into UK employment, consisting of a large arrow made up of numerous peopleA new report claims that the UK is undergoing one of the worst employment recoveries in the world, fuelled by a shrinking workforce and lack of access to effective employment support. Coming the week after the Bank of England forecast that unemployment could rise by half a million next year, and a week before the government announces its new spending plans, the case for reforms to how we help people and employers to fill jobs has never been stronger. More →

Two thirds of employees are now worried about paying for essentials

Two thirds of employees are now worried about paying for essentials

As real time pay fails to keep up with rising costs and soaring inflation, employees are increasingly anxious about their financial situation. And employers are failing to keep up according to a new survey from Personio. The poll suggests that over two thirds (69 percent) of employees are worried or stressed about their ability to pay for essentials if the economy worsens over the coming months. A further 22 percent are concerned about losing their job whilst a fifth (20 percent) are worried they will need to take on a second job to support themselves. More →

Disability pay gap rises despite greater awareness and efforts of campaigners

Disability pay gap rises despite greater awareness and efforts of campaigners

A painting of a man in a wheelchair looking out of the window, to illustrate the problem of the disability pay gap Non-disabled employees now earn around 17.2 percent more on average than disabled workers in 2022, an increase from the 16.5 percent disability pay gap last year, according to analysis published by the Trades Union Congress (TUC). The research suggests that the disability pay gap for 2022 was £2.05 an hour, or £3,731 per year for those working a 35-hour week. The pay gap starts at age 20 at 65 pence an hour and increases to a peak of £3.55 an hour, or £6,461 a year, for disabled workers aged 40 to 44. More →

Cost of living forcing people to seek out sources of extra income

Cost of living forcing people to seek out sources of extra income

A selection of British cash to illustrate cost of living crisisWorkers are looking for new jobs, asking for extra shifts, or taking on side hustles to make ends meet as everyday expenses eat up a bigger chunk of their pay cheques. A new Qualtrics study claims that 77 percent of workers say it’s harder to pay for their living expenses than it was a year ago. In the UK, inflation recently rose above 10 percent for the second time this year amid soaring food prices. Compounding the impact of the cost of living, many of the work-related expenses that were relieved by remote work, such as commute costs and full-time childcare, are returning as an increasing number of people head back to the office. More →

Workplace wellbeing remains a neglected issue for many firms

Workplace wellbeing remains a neglected issue for many firms

Two people sharing a coffee and a joke at work to illustrate workplace wellbeingTwo in five businesses have either cut or maintained workplace wellbeing budgets despite growing pressures on their staff, according to a new report. Faced with stressors such as the cost-of-living crisis, political uncertainty, and the ‘return to work’ post-Covid, just 16 percent of directors and risk practitioners said their wellbeing budgets had seen a significant increase. Around 40 percent of businesses had increased their budgets slightly to tackle issues such as mental, physical, financial health, organisational vision, values, culture and working standards, according to the poll by Deloitte, the International Institute of Risk and Safety Management (IIRSM) and the Institute of Directors (IoD). More →

Responsible capitalism, and space as a service will shape real estate industry over next 20 years

Responsible capitalism, and space as a service will shape real estate industry over next 20 years

A flexible office space from Instant Offices, a pioneer of space as a serviceEurope’s real estate leaders have set out a long-term vision for the industry. In this scenario the most successful firms have adopted ‘responsible capitalism,’ the user is the centre of attention, the cycle of demolition and development has been broken, mixed-use is the norm and multi-disciplinary and in-house teams deliver space as a service across a range of sectors. Emerging Trends in Real Estate Europe 2023, the twentieth annual survey of European real estate sector leaders’ expectations by the Urban Land Institute (ULI) and PwC, has looked beyond the year ahead at the trends shaping the industry over the next two decades. This report captures the views of over 900 sector leaders from across Europe. More →

Corporate real estate sector facing up to tough year ahead

Corporate real estate sector facing up to tough year ahead

A person walks down an empty street in a central business district to reflect concerns about corporate real estateCorporate real estate business confidence and expectations of profitability have dropped to a low level, reflecting widespread industry concerns across an array of indicators for the business, political and real estate environments. Emerging Trends in Real Estate Europe 2023 is the twentieth annual survey by the Urban Land Institute (ULI) and PwC UK of European real estate sector leaders’ expectations for the year ahead. Based on the views of around 900 real estate leaders from across Europe, the report claims that 91 percent concerned about inflation, closely followed by interest rate movements (89 percent) and European economic growth (88 percent). Political uncertainty at the global, regional and national levels are of high concern as well. More →

Younger workers turn to friends rather than colleagues for career advice

Younger workers turn to friends rather than colleagues for career advice

A painting of two people sharing a drink and some career adviceA new poll from Right Management, claims that British office workers aged 18-24 years are much more likely to turn to friends in similar jobs for career advice, than to seek guidance from their immediate manager or any other colleagues (older or younger) in their team. After two years of remote and hybrid working impacting on office life, younger workers who need career guidance are more likely (38.1 percent) to turn to their friends in similar jobs for advice, whereas all other working age groups (those aged 25+) prioritise getting their career advice directly from their immediate manager. More →

Flexible working takes a step back in face of economic certainty

Flexible working takes a step back in face of economic certainty

A woman working at home to illustrate flexible workingAs economic storm clouds gather, the flexibility and freedoms introduced during the pandemic that employees benefited from are now at risk according to a new study conducted by LinkedIn. It claims that in the UK, the current economic and business climate is causing concern among business leader that companies will be forced to wind back progress on important areas of working life such as flexible working (75 percent), skills development (76 percent), and employee wellbeing (83 percent). More →