July 8, 2020

Mental health of finance workers seriously harmed by lockdown

by Neil Franklin • Flexible working, News, Wellbeing

More than eight-in-ten London-based banking and finance professionals (86 percent) say Covid-19 lockdown has affected their mental health, according to a new survey of white-collar employees by Helix Resilience. According to the survey of 352 banking and finance professionals, over half (52 percent) of respondents claim to be less productive, and nearly four-in-ten (39 percent) say they find it difficult to concentrate outside the office. While most working in the sector (53 percent) feel their employer is doing enough to support their wellbeing during lockdown, a third (33 percent) do not feel supported. (more…)

July 2, 2020

Leaders need to develop a high care quotient for the new challenges they face

by Chris Parke • Comment, Wellbeing, Working lives

Everything has taken a hit in 2020. Nothing has gone unscathed or unchanged – and the same goes for leadership. From boardrooms to living rooms, meeting rooms to spare rooms, leadership has moved away from face-to-face interactions to digital communications. Meanwhile, forward-thinking initiatives, spurred on by continuing diversity imbalances and widening gender pay gaps, have been put on hold. Following government guidance, only half of businesses published their 2018-19 gender pay gap report – which could reportedly push gender equality back a whole generation. We are risking losing sight of what’s important to us – and unless we’re intentional about how we make systemic, much-needed organisational changes, they’re not going to happen if we only focus on more ‘critical’ things, or keeping the lights on. (more…)

July 2, 2020

Wellbeing of overwhelming majority affected by events of 2020

by Neil Franklin • News, Wellbeing

A new study commissioned by Perkbox of 13,271 employees claims that 93 percent of employees have faced new wellbeing challenges in 2020. The most common being feeling less connected to the company/colleagues, increased loneliness/feelings of isolation and increased financial concerns. The study looks at the wellbeing impacts of the events of 2020. Nearly 73 percent state that coronavirus has negatively impacted their mental health, followed by Brexit (29 percent) and Black Lives Matter (27 percent). (more…)

June 30, 2020

Younger workers careers suffer in lockdown, but are hopeful of better future

by Neil Franklin • News, Workplace

In the face of unprecedented health and economic disruption caused by the COVID-19 pandemic, ‘millennials’ and ‘Gen Zs’ express resolve and a vision to build a better future, a new Deloitte survey claims. The 2020 Deloitte Global Millennial Survey, now in its ninth year, suggests that both generations remain resilient in the face of adversity and are determined to drive positive change in their communities and around the world. (more…)

June 23, 2020

Law firms plan overhaul of business structures in wake of pandemic

by Neil Franklin • News, Working culture

Around two thirds of legal firms plan to review their business structures and processes in the wake of the COVID-19 pandemic, and well over half are planning a major change in strategy. That’s according to a survey of more than 100 law firms of all sizes conducted by accountants and business advisors association MHA. The survey, carried out during lockdown, also claims that 85 percent of firms say the pandemic will have a ‘moderate’ or ‘major’ impact on fee income. Around 59 percent of firms say they will use the opportunity to change their business strategy with a focus on better IT, review of specialisms, and improving profitability. (more…)

June 23, 2020

British Land commits to net zero carbon portfolio by 2030

by Freddie Steele • Company news, Environment

British Land has launched its sustainability strategy for the next decade, announcing its ambition to transform the entire portfolio to net zero carbon – including developments – by 2030. The company will create a Transition Fund which it claims will drive operational progress and finance the retrofitting of the standing portfolio. It has also committed to roll-out the successful place-based approach to social contribution across the portfolio. (more…)

June 16, 2020

Workplace technology enters new `golden age`

by Neil Franklin • News, Technology

A ‘golden age’ of workplace technology could be coming, in the wake of the COVID-19 pandemic according to a new report, co-authored by Professor Michael Dickmann from Cranfield University which investigated the Global Mobility response to COVID-19. The report claims that some multinational companies were completely lacking crisis response plans when the pandemic hit, and many are now adjusting their goals because of movement restrictions and employee wellbeing. (more…)

June 11, 2020

Safety and fear the biggest challenges to overcome in return to work

by George Eltringham • News, Wellbeing

Over a third (36 percent) of UK businesses believe that implementing new health and safety measures in accordance with the Government’s recently published guidelines are the biggest challenge they face as lockdown eases and they attempt to return to the workplace, according to new research conducted by the UK law firm, Winckworth Sherwood. (more…)

June 3, 2020

Data is changing the role of the workplace and HR

by Shaun Guyver • Comment, Property, Workplace

Business leaders have been heavily dependent on HR, real estate, and technology functions working together to help their organisation adapts to this new world of work during the pandemic. Ensuring personal safety, promoting wellbeing, encouraging collaboration, and maintaining efficient service delivery will never be more important than in the coming months. The challenge facing CRE leaders is how to advise on the appropriate range of workspaces and hygiene standards to allow organisations and their people to thrive, and how to cut through the complexity of accessing and interpreting data to achieve this. (more…)

May 29, 2020

Organisations still adjusting to reality of `gig economy`

by Neil Franklin • News

A new report from Aon claims that the so-called gig economy will continue to flourish but many employers are still adjusting to its realities. Using research from HR and gig workers across Europe, the report, Gig Economy: Financial Security or Greater Control, claims that 26 percent of European HR directors believe their workforces will have 51-75 percent of gig workers in five years’ time, while 18 percent of UK HRDs believe 75 percent or more of their workforce will be made up of contractors in 5 years’ time. Nearly all HRDs believe providing health and benefits packages would improve gig worker recruitment (94 percent), engagement (93 percent), productivity (88 percent) and retention (95 percent). (more…)

May 27, 2020

Majority of HR professionals aware of value they add to their organisation

by Jayne Smith • News, Workplace

Four in five (80 percent) of those who work in the domain of human resources in the UK and Ireland say that a role in HR and other parts of the ‘people profession’ offers them a meaningful career and almost three quarters (73 percent) believe they have the opportunity to add value to their organisation, the latest People Profession Survey from the CIPD and Workday claims. (more…)

May 27, 2020

Demand for London office space plummets, but will bounce back (to an extent)

by Neil Franklin • News, Property

The impact of the measures taken to curtail the spread of COVID-19 have dramatically changed the working landscape, not least of all for the commercial property market, claims a new report from property consultancy DeVono Cresa. Commercial occupier demand for London office space fell by 30 percent across Q1 of 2020, according to the report. However, it also suggests that the market fundamentals at the end of March remain relevant and will dictate heavily on future real estate decisions. (more…)