Search Results for: financial

Business rates hike could cost London office occupiers £432 million more from 2026

Business rates hike could cost London office occupiers £432 million more from 2026

by • News, Property

Office-based businesses across Central London could face a steep increase in business rates from April 2026, according to new research by property consultancy Colliers.Office-based businesses across Central London could face a steep increase in business rates from April 2026, according to new research by property consultancy Colliers. The analysis suggests that occupiers of prime office space may collectively see bills rise by £432 million, bringing total business rates liabilities to £5.23 billion—a 9 percent increase on current levels. Colliers examined 27 Central London areas, focusing on Grade A office spaces over 10,000 sq ft, to assess the expected financial impact of the 2026 Rating Revaluation. The forecast draws on changes in rental values between April 2021 and April 2024 and anticipates a higher business rates multiplier for properties with rateable values (RVs) above £500,000. (more…)

One in ten UK workers take on side jobs while working from home

One in ten UK workers take on side jobs while working from home

by • Flexible working, News

New research suggests that around one in ten full time employees working from home in the UK have taken on a side job,New research suggests that around one in ten full time employees working from home in the UK have taken on a side job, with a significant number managing their additional work during normal working hours for their main employer. The study, commissioned by the Global Payroll Alliance (GPA), surveyed over 2,400 UK workers who work from home at least some of the time. It found that 71 percent of full-time employees still work remotely to some degree, and around 20 percent now do so full-time. (more…)

How BPO enables business flexibility in rapidly changing global markets

How BPO enables business flexibility in rapidly changing global markets

by • Business, Company news

What was once viewed as a cost-cutting tool, BPO has evolved into a strategic advantage, providing businesses with the flexibility they require to remain competitive and resilient during volatile periods.Global markets are changing at an unprecedented rate due to economic uncertainty, shifting consumer behavior, and technological breakthroughs. Businesses must be agile and able to adapt to market changes. This is where Business Process Outsourcing (BPO) comes in. What was once viewed as a cost-cutting tool has evolved into a strategic advantage, providing businesses with the flexibility they require to remain competitive and resilient during volatile periods. (more…)

Furniture Makers organising fifth conference for HR professionals

Furniture Makers organising fifth conference for HR professionals

by • News, Workplace

The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, is organising its fifth annual HR conference, Routes to a Stronger Workforce 2025. Sponsored by Blum UK, the event is taking place on Thursday 10 July 2025 (10:00am – 3:00pm) at Furniture Makers’ Hall, London, and is tailored for HR professionals working in the furniture and furnishing industry. The conference will be chaired by Emma Welch, group HR director at Ocee International, and will feature expert-led sessions on topics such as debt management, mental health, and apprenticeship recruitment. (more…)

Employer confidence falls to record low as UK employers face rising costs and uncertainty

Employer confidence falls to record low as UK employers face rising costs and uncertainty

by • News, Workplace

The number of UK employers expecting to increase headcount in the next three months has fallen to a record low outside of the pandemicThe number of UK employers expecting to increase headcount in the next three months has fallen to a record low outside of the pandemic, as they grapple with rising employment costs and growing global uncertainties. This is according to the latest Labour Market Outlook report from the CIPD, which shows that the rate of employers expecting to increase headcount has fallen sharply among large private sector employers, and in retail in particular. In response, the CIPD is urging the government to closely consult with employers and business bodies to limit the potential impact the Employment Rights Bill could have on employer’s hiring plans as businesses face mounting external pressures. (more…)

Ping pong, perks, pizza and beanbags won’t get you a better workplace culture

Ping pong, perks, pizza and beanbags won’t get you a better workplace culture

by • Comment, Flexible working, Wellbeing, Workplace, Workplace design

Organisations have become increasingly inward-looking, preoccupied more with symbolic purpose statements and curated internal experiences of workplace culture than delivering real value to the business or its customersBusiness has taken a wrong turn. Since the 2008 financial crisis, best practice has led companies to believe that the route to driving greater productivity and performance is to establish a workplace culture that prioritises purpose, meaning, and how people feel. As a result, organisations have become increasingly inward-looking, preoccupied more with symbolic purpose statements and curated internal experiences than delivering real value to the business or its customers. However, in today’s challenging economic climate, and with UK productivity at an all-time low, this navel-gazing approach is not only proving ineffective, but is also actively holding companies back. What began as a well-meaning shift towards cultivating happier employees has become a harmful distraction from genuine employee engagement and performance. (more…)

The world needs amazing leaders like never before. But where are they?

The world needs amazing leaders like never before. But where are they?

by • Business, Comment, Workplace

rapid changes in today’s environment can put even the best leaders under immense strain and cause ripple effects within the organisationDemand for integrity and strength in leadership has never been greater. A wave of quickly evolving AI technologies, combined with geopolitics and other pressures, is increasing this need at an unprecedented pace. The rapid changes in today’s environment can put even the best leaders under immense strain and cause ripple effects within the organisation. In fact, even those changes that are expected to bring efficiency and simplicity like GenAI, translate into confusion, anxiety, and complexity in many situations. According to McKinsey research, a staggering 56 percent of employees report that their leaders are either mildly or highly toxic. Even more concerning, 75 percent of employees identify their boss as the most stressful part of their workday. (more…)

People’s expectations of work have changed forever (and they think office work should pay better than remote work)

People’s expectations of work have changed forever (and they think office work should pay better than remote work)

by • Flexible working, News, Workplace

The Covid-19 pandemic and the rapid shift to remote work have had a “radical impact” on the global workforce, particularly among younger employeesThe Covid-19 pandemic and the rapid shift to remote work have had a “radical impact” on the global workforce, particularly among younger employees who began their careers during this unprecedented period, according to new research published by BSI in collaboration with the think tank ResPublica. The study, part of BSI’s Evolving Together series, claims to provide a comprehensive picture of a workforce cohort shaped by the pandemic and explores how these formative experiences continue to influence their expectations and behaviours. Drawing on a global survey of 4,700 individuals who entered the workforce during or since the pandemic, as well as focus groups and international literature reviews, the research sets out to paint a nuanced portrait of the so-called “hybrid generation”. (more…)

Supporting employees with brain injuries: key tips for employers

Supporting employees with brain injuries: key tips for employers

by • Comment, Wellbeing

Brain injuries can have a profound impact on a person’s life, and when it comes to returning to work, both employees and employers face unique challenges.Brain injuries can have a profound impact on a person’s life, and when it comes to returning to work, both employees and employers face unique challenges. Whether the individual is returning to their previous role or starting anew, employers must be prepared to offer support and make necessary adjustments – not just because it’s morally right but because it is legally required. Employers do not have the luxury of turning a blind eye to this, as statistics indicate that a person is admitted to hospital with a brain injury every 90 seconds. Brain injuries can present subtly, and chances are you will know someone who has survived a brain injury, even if you are not aware of it. ‘Brain injury’ refers to both traumatic injuries (caused by an external impact, such as a car accident or assault) and acquired brain injuries (caused from internal factors, such as a stroke or tumour). (more…)

Office fit out costs rise as firms adapt to new ways of working

Office fit out costs rise as firms adapt to new ways of working

by • Environment, News, Property

A renewed focus on office space comes at a price, with businesses facing rising office fit out and design costsAccording to a new report from JLL, the office sector is again taking ‘centre stage’ in commercial real estate as companies worldwide adapt hybrid work policies to encourage greater in-office attendance. However, this renewed focus on office spaces comes at a cost, with businesses facing rising expenses to design and fit out their work environments. According to JLL’s newly released Global Office Fit-Out Costs Guide 2025, 59 percent of organisations globally plan to increase investment in office space design and fit-outs over the next five years. The report, which analyses data from 68 cities across 40 countries, highlights significant cost variations, key cost drivers, and the growing demand for sustainable office spaces. (more…)

Two thirds of people would like to quit jobs for a more meaningful career

Two thirds of people would like to quit jobs for a more meaningful career

by • News, Wellbeing

The research, published in The Purpose Playbook: Bridging the Gap Between Career Success and Life Fulfilment, explores how lifelong learning and personal growth can help individuals find a more meaningful career.A new report from Tomorrow University claims that two-thirds of professionals say they would quit their jobs for work that better aligns with their sense of purpose, highlighting a growing disconnect between career success and life fulfilment. The research, published in The Purpose Playbook: Bridging the Gap Between Career Success and Life Fulfilment, explores how lifelong learning and personal growth can help individuals find a more meaningful career. (more…)

Five years on and firms are also suffering from the effects of long Covid

Five years on and firms are also suffering from the effects of long Covid

by • Flexible working, News, Wellbeing

Many employers are still struggling with the long-term effects of the Covid-19 pandemic, five years after the first UK lockdown begaMany employers are still struggling with the long-term effects of the Covid-19 pandemic, five years after the first UK lockdown began, according to the CIPD. While the pandemic led to significant changes in working practices and an increased focus on employee wellbeing, challenges around productivity and economic inactivity persist. The pandemic brought widespread upheaval, with many people experiencing job losses, business closures, and the loss of loved ones. However, the CIPD argues that it also prompted positive changes in the workplace, including greater flexibility in working arrangements and increased adoption of technology to support collaboration. Despite these developments, many businesses continue to face difficulties, particularly as the cost-of-living crisis and economic uncertainty exacerbate the challenges of workforce engagement and productivity. (more…)

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