August 20, 2019

Businesses should focus on the greater good of people and society

by Mark Eltringham • News, Working culture

Modern corporations should work in the best interests of society and people rather than focusing primarily on making money for shareholders as they may have in the past, according to an influential group of chief executives. The body Business Roundtable, which represents the heads of some of America’s largest companies, including Apple, Amazon and Exxon Mobil, has issued a statement of its updated corporate governance principles. (more…)

August 19, 2019

Firms need to place more value on older workers

by Claire Turner • Comment, Wellbeing, Working lives, Workplace

As we live longer lives, it’s inevitable that more of us want to work for longer. It makes good business sense too: with fewer younger people starting work to replace those set to retire in future years, coupled with uncertainty over Brexit and labour shortages, employers can’t afford to lose older workers.

(more…)

August 19, 2019

“War for talent” and Brexit ramping up staff retention efforts

by Neil Franklin • News, Workplace

News that over one million EU nationals have been given permission to remain in the UK after Brexit, gaining settled or pre-settled status offers businesses expanded talent pools for plugging skills gaps and talent shortages in their workforce. New research claims that talent management concerns are on the rise. With the ongoing ‘war for talent’ intensifying over future skills requirements, businesses must remain vigilant when it comes to the growing technical skills gaps in their workforce, the report suggests. (more…)

August 15, 2019

Firms with a balance of men and women outperform male dominated rivals

by Neil Franklin • News

The share performance and other metrics of listed companies with a balance of men and women tend to be better than those of male-dominated rivals, according to a new report from Morgan Stanley. The report is based on Morgan Stanley’s HERS ranking, a new measurement the investment bank has developed to evaluate gender diversity at companies and its impact on performance. It determines the gender diversity of a company by factoring in the percentage of women on boards, in the executive and management team, and in the workforce generally. (more…)

August 8, 2019

London occupiers mixing conventional and flexible offices

by Neil Franklin • Coworking, News, Property

Although London retains its status as the European capital of flexible offices and coworking, a new report from Colliers International claims that the capital is also enjoying above average demand for conventional office space, coupled with reduced footprints overall, as corporate occupiers seek to expand their businesses but without taking on property at the same rate. (more…)

August 7, 2019

One in ten firms sued for business rates arrears

by Neil Franklin • News, Property

Around one in ten businesses in England were sued by their local authorities over the past year for failing to pay rising business rates, new data suggests. According to real estate consultancy Altus Group, around 750 businesses were sued each working day. The real estate group said the figures highlight the cost pressures on UK businesses, as the occupies of around 190,000 commercial properties came to court over the non-payment of rates during the last financial year. The report claims that the occupiers and owners of offices, shops, pubs and restaurants have called for cuts to business rates. According to Altus Group, the standard rate of tax, which applies to all medium and large premises in England with a rateable value of more than £51,000, rose by 2.4 percent on 1 April 2019. (more…)

July 31, 2019

Concerns about future of work not enough to dampen worker confidence

by Neil Franklin • Flexible working, News

New research from ADP claims that the UK workforce feels confident, stable and well trained. The findings point to a more positive workforce that has continuously strengthened since the financial crash. Despite worries about the future of work generally, optimism has grown with just 27 percent of respondents reporting feeling very optimistic about their future in the workplace in 2019, up from 12 percent in 2012. (more…)

July 30, 2019

GDP should be replaced by new indicators of prosperity and wellbeing

by Neil Franklin • Environment, News, Wellbeing

As the consequences of climate change, social tensions and high levels of inequality are increasingly evident, the Bennett Institute for Public Policy at the University of Cambridge, led by Professor Diane Coyle, has published its initial report on how to improve economic measurement by replacing GDP as the standard measure for national prosperity with others that include wellbeing and social and environmental capital. (more…)

July 25, 2019

One dishonest co-worker can disrupt an entire workplace

by Mark Eltringham • News, Working culture

A vicious cycle can begin with one little white lie from a co-worker, diminishing the ability of other employees to read others and then even undermining the entire workplace or business, finds a new study from researchers at Michigan, Harvard, Virginia and Olin Business School at Washington University in St. Louis. Dishonest deeds diminish a person’s ability to read others’ emotions, or “interpersonal cognition,” the research found. In addition, the consequences can snowball. One dishonest act can set in motion even more dishonesty. (more…)

July 24, 2019

New government has unprecedented chance to transform buildings

by Neil Franklin • Environment, News, Property

The new UK government led by Boris Johnson has an unprecedented opportunity to dramatically shift policy on the built environment and deliver higher standards of safety, sustainability and social justice, according to the Building Engineering Services Association (BESA). It urged the new administration to back up rhetoric around climate change with robust legislation; to enshrine the recommendations of the Hackitt Review to improve fire safety in buildings; and tackle the scourge of late payment that is undermining thousands of SME and driving many into insolvency. (more…)

July 22, 2019

UK could receive £250 billion boost if labour market matched that of Sweden

by Neil Franklin • News, Workplace

New analysis by economists at PwC claims that, if the UK could match Sweden in terms of its employment rates for women aged 25-54, older workers and the proportion of its young people not in employment, education or training, the potential boost to UK GDP could be as much as 12 percent, or around £250 billion at 2018 values. Although the UK labour market has been strong in recent years – the employment rate is at a record high of over 75 percent and unemployment is at its lowest level since the mid 1970s – new research from PwC indicates that performance is middling compared to other OECD economies. A new composite Labour Market Performance index, combining results from PwC’s Youth Employment, Golden Age and Women in Work indices, finds the UK is 19th overall amongst OECD countries. Iceland and Sweden top the combined index rankings based on the latest available annual data for 2018. (more…)

July 16, 2019

Government sets out plans to reduce work related ill health

by Neil Franklin • News, Wellbeing

The UK government has opened a consultation on ill health in the workplace which looks at issues such as workplace modifications, the right to request flexible working and interventions from employers. It claims that more could be done on the issue, especially for people with disabilities or long term health conditions. The consultation will focus on what employers can do to help employees and how they could be supported with advice and information, better access to occupational health resources and financial help, especially for small businesses and the self-employed. (more…)