July 9, 2019
One-fifth of sole traders in self-employment don’t survive one year, and the majority don’t survive five, according to a new study from the Institute for Fiscal Studies (IFS). The analysis of HMRC tax records by researchers at the IFS was funded by the Office for National Statistics through the Economic Statistics Centre of Excellence (ESCoE) and the Economic and Social Research Council. More →
July 5, 2019
A four day working week could save UK businesses an estimated £104 billion annually, while improving productivity and their environmental performance according to new research from Henley Business School. The research claims that a shorter working week on the same pay could add to businesses’ bottom lines through increased staff productivity and an uplift in staff physical and mental health, whilst also resulting in a cleaner environmental footprint. Henley’s ‘Four Better or Four Worse?’ white paper exploring the issue claims that of those businesses who have already adopted a four day week, nearly two-thirds (64 percent) have reported improvements in staff productivity. More →
June 26, 2019
A new report from the Economist Intelligence Unit and UiPath claims that organisations around the world currently making extensive use of automation technologies, with 67 percent of UK business executives claiming to be satisfied satisfied with the results of their automation initiatives, 48 percent describing their organisation’s progress with automation as advanced, and 73 percent expecting their company’s operating costs to improve as a result of automating business processes. It is published on the same day as another report suggests that up to 20 million manufacturing jobs could be lost to robots across the world’s leading economies by 2030, replaced by a range of new jobs. More →
June 26, 2019
Professional bragging rights were once the preserve of top earners. Those with massive salaries, huge bonuses, and in some cases, even bigger egos. Money equals success – technology has shifted that long held view. Today flexible working, in terms of hours, location and role, has become an embraced reality and chief workplace priority. Technology has blurred the lines between work and life. The new “digitally native” workforce now expect a flexibility and access in every aspect of their lives. More than ever, work is seen as an adventure which is to be explored, rather than accepted. More →
June 25, 2019
The development of products for the workplace follow many trends, generally aiming to provide that ideal setting for maximum effectiveness and fully tuned to the philosophies of the day. The processes involved can occupy a good proportion of time and energy for the workplace specialist and office furniture maker and feature heavily in the media. But, behind all the product cacophony, there are activities, often unseen, that make more difference to what will become available in furnishing the workplace. More →
June 25, 2019
Many larger businesses are struggling to implement digital transformation in spite of the dangers to their long term survival, a new joint report from CBI and Oracle claims. According to Bigger, Faster, Stronger, the improved adoption of technology could unlock productivity and wage growth. Research shows that more adoption, coupled with better management practices, could add £100 billion to the UK economy and cut income inequality by 5 per cent. However, only 54 per cent of UK companies believe disruptive technologies play an important role in their organisation, much lower than in countries such as France, Germany, India and Russia. More →
June 21, 2019
HSBC has agreed a deal to locate more than a thousand members of London staff in a WeWork coworking space in London. WeWork confirmed to the Financial Times that the bank has signed up for 1,135 desks at its new building at 2 Southbank Place. The move is further proof of how coworking has become a mainstream option for large corporations as they seek to get more value our of their property and introduce new working methods. HSBC’s corporate real estate team and other staff already work from coworking spaces, but the new deal marks a step change in its strategy.
Image: WeWork’s existing coworking space at Waterloo
June 20, 2019
UK employees will be encouraged to leave work early on Friday as part of Go Home on Time Day, a charity initiative promoting healthy work-life balance. This couldn’t be more timely, with new research from Thomsons Online Benefits claiming that 1 in 4 (26 percent) people feel long hours at work prevent them from improving their mental wellbeing. More →
June 20, 2019
Office design and fit-out form Area is expanding its UK operation and opening a new office base in Birmingham to support and grow its existing client base. The move to Birmingham – one of the UK’s most dynamic regions – comes on the back of a series of successful projects in the region and builds on strong relationships with local clients such as Mills & Reeve, Zurich, Legal & General, Jaguar Land Rover, KPMG, Handelsbanken, Aviva, Grant Thornton and Deloitte. Birmingham and the West Midlands are regarded by economists and businesses alike as one of the most promising places in Britain to invest and grow, which creates opportunities for the commercial property market. More →
June 19, 2019
Having disrupted the property sector over the last decade, coworking continues to impact investors, developers and end users as the concept appears to be the dominant force in the commercial sector. Coworking can trace its roots back as far as the 1980s when Regus (now part of IWG) popularised the idea of a serviced office, by taking on leases of office buildings, subdividing the available space and leasing it out to small business, fully furnished and ready to rent. More →
June 18, 2019
The flexible office and coworking markets have grown rapidly over the last five years, with more than 4 million sq ft leased to flexible office providers in Central London, according to a new report from digital office broker Hubble in partnership with JLL. Despite WeWork dominating the headlines and pioneering the uptake of coworking, the London market remains highly fragmented, with more than 150 providers offering some form of flex or coworking space in more than 650 separate locations. Flexible offices are projected to grow to a 11 percent share of overall office stock in London by 2023. At the end of 2018, flexible offices had a 6.3 percent share of the Central London market (14.7 million sq. ft.) and this number is set to keep growing. More →
July 5, 2019
Closing the gender pay gap needs more than final ideas of Theresa May
by Sarah King • Comment, Workplace