Search Results for: financial

Hybrid working presents us with a once in a generation opportunity

Hybrid working presents us with a once in a generation opportunity

by • Comment, Coworking, Flexible working, Technology

hybrid workingIn the face of the revolutionary and long-lasting changes to workplaces across the world resulting from the pandemic, some commentators have suggested that the wide-spread necessity of adopting remote working practices may have made the office obsolete. However, such a dramatic upheaval to the very foundation of the workplace and working dynamic won’t come without a cost, and new data suggests that perhaps the office isn’t the dinosaur many assumed, but still a central pillar to effective businesses as part of a hybrid working strategy. (more…)

The great lesson of 2020 for small businesses is to be ready for anything

The great lesson of 2020 for small businesses is to be ready for anything

by • Business, Comment

small businessesThe repercussions of Covid-19 for the small business community have been particularly ruinous. Recent figures paint a worrying picture, revealing that approximately 76,300 SMEs in London alone ceased operations completely as a direct result of the pandemic, with lockdowns costing from £30,000 to £75,000 for one in ten small businesses. As the most vulnerable business segment in the current crisis, SMEs needed the biggest support and, by the end of April, had already received over £4 billion via the government’s CBIL scheme. (more…)

Maternity leave causes women to lose out on £3.2 billion

Maternity leave causes women to lose out on £3.2 billion

by • News, Wellbeing, Working culture, Workplace

Maternity leaveWomen taking maternity leave collectively lose out on £3.2bn worth on earnings, a fall of nearly half their average annual salary, claims new research from Direct Line Life Insurance. (more…)

Work really has become much harder during the pandemic

Work really has become much harder during the pandemic

by • Features, Flexible working, Wellbeing

The burden of work, Sisyphus by TitianThe pandemic has seriously altered how we work. According to statistics published by the International Labour Organization (ILO) in September 2020, US$35 trillion (£26 trillion) has been lost globally in labour income. There has also been an estimated loss of 17 percent of working hours worldwide since 2019, with young people and women being hit hardest. And many of those still in jobs are working under very different conditions. (more…)

Digital skills gap poses major economic threat, Microsoft study claims

Digital skills gap poses major economic threat, Microsoft study claims

by • News, Technology

The UK’s digital skills gap could pose a risk to economic recovery, new research from Microsoft claims, with over three-quarters of UK leaders citing a large digital talent pool as essential to driving UK competitiveness. The study, Unlocking the UK’s potential with digital skills, was conducted in partnership with Dr Chris Brauer at Goldsmiths, University of London to assess the UK’s skills gap and provide practical guidance for organisations on how to tackle it. It predicts the rise of a “Next Gen Worker” that is empowered by low-code and no-code technology, but also finds that a failure to embrace technological skills could leave companies struggling to compete on the global stage. (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

by • News, Property

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

by • News, Wellbeing, Working lives

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…)

Unused office space could cost London businesses almost £13 billion

Unused office space could cost London businesses almost £13 billion

by • Business, Facilities management, News, Property

Office spaceUnused office space after coronavirus could cost London-based businesses almost £13 billion according to a new report by Space Three Two, a new office timeshare marketplace born out of lockdown. According to a survey of London office workers, employees want to spend an average of 2.7 days back in the office once all Covid-19 restrictions have been lifted. 1 in 10 workers said didn’t want to go back to the office at all. (more…)

Millions will struggle to access the Government’s new Lifetime Skills Guarantee

Millions will struggle to access the Government’s new Lifetime Skills Guarantee

by • Business, News, Working lives

Lifetime Skills GuaranteeNew analysis published by the Work Foundation and Totaljobs claims that millions of low paid workers will struggle to access the Government’s new Lifetime Skills Guarantee (LSG) when it is launched next year amidst a growing jobs challenge. (more…)

People working from home should be taxed for the privilege, says Deutsche Bank

People working from home should be taxed for the privilege, says Deutsche Bank

by • Flexible working, News

working from homePeople working from home should be taxed at a higher rate to compensate for the money they aren’t spending on commuting and other expenses, according to a new report from economists at Deutsche Bank. The report argues that the move could generate billions in additional revenue which could then be redistributed to lower paid workers and those who cannot work remotely. The report argues that this should have happened anyway given that the number of Americans who regularly worked from home had already increased by 173 percent between 2005 and 2018. (more…)

Mental health continues to deteriorate as a result of the pandemic

Mental health continues to deteriorate as a result of the pandemic

by • Flexible working, News, Wellbeing

mental health and the black dogMorneau Shepell has published its monthly Mental Health Index report, which claims there is a a consistent trend of negative mental health among Britons at the seven-month mark of the pandemic. The Mental Health Index for October is -13.4, suggesting that Britons’ mental wellbeing continues to be at risk, with declining workplace productivity and the need for support adding to the continuing strain of the pandemic. (more…)

Covid-19 crisis has created unique challenges for working single parents

Covid-19 crisis has created unique challenges for working single parents

by • Flexible working, News, Working lives

ChallengesNew research published by Gingerbread and the Institute for Employment Studies (IES) highlights unique challenges for working single parents including for those who will lose their jobs as a result of the Covid-19 Crisis. As the country experiences a second Lockdown, and with growing unemployment and continued childcare restrictions, it is vital that the government provide better support to single parents. (more…)

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