Search Results for: financial

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…)

Burnout, stress and disconnection are now our most urgent workplace mental health issues

Burnout, stress and disconnection are now our most urgent workplace mental health issues

by • Comment, Flexible working, Wellbeing

burnoutThis has been a tough year all round, particularly with the COVID-19 pandemic continuing to cause seismic shifts in how we live and work. Surveys across various countries indicate that employees are experiencing more feelings of burnout, stress and disconnection as the pandemic is taking a toll on people’s mental health. What’s causing this and what can we do to combat it? (more…)

Furlough schemes are leaving isolated staff down in the dumps

Furlough schemes are leaving isolated staff down in the dumps

by • Comment, Wellbeing, Workplace

furlough isolationSince March, Glint has been creating a dataset which now consists of 7 million survey responses from employees around the world and across a broad range of industries. Our aim is to take the pulse of the global workforce to see how it’s faring with our ongoing global health crisis and to understand its effects on work. The recent August report shows that pandemic-related layoffs and furloughs have hit employees hard. 56 percent of respondents report feeling less happy at work after seeing co-workers furloughed or laid off. Half of respondents say their organisation’s layoffs or furlough plans have had a negative impact on their workload (50 percent) and their sense of belonging or community at work (47 percent). (more…)

Employees are twice as motivated and productive if they’re resilient

Employees are twice as motivated and productive if they’re resilient

by • News, Wellbeing, Working lives

ResilientAon plc, has released new research that highlights the impact on employee motivation and productivity if they are resilient. The data, gained across five European countries, including the UK, claims that employees are nearly twice as likely to be motivated and therefore productive, if they are resilient. (more…)

Massive increase in numbers of self-employed people on universal credit

Massive increase in numbers of self-employed people on universal credit

by • Flexible working, News

self-employedA new report from IPSE (the Association of Independent Professionals and the Self-Employed) suggests that there has been a massive increase in the number of self-employed people on Universal Credit since 2019. (more…)

Everybody needs to be prepared for a new digital workplace

Everybody needs to be prepared for a new digital workplace

by • Comment, Flexible working, Technology

digital workplaceGraduates today are largely considered to be the ‘net generation’. Growing up whilst social media accelerated, their years in higher education have been synonymous with digital literacy, even before COVID-19 turned their studies entirely virtual. This monumental move into a digital workplace also echoed throughout the job market. As offices closed in Spring and millions were furloughed across hospitality, retail and travel, demand spiked by 36 percent for roles advertised in the digital tech sector. (more…)

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