Search Results for: financial

A new approach is needed to tackle ill health and economic inactivity, report argues

A new approach is needed to tackle ill health and economic inactivity, report argues

by • News, Wellbeing

A ‘whole-of-government approach’ is needed to tackle the causes of ill health, increase economic activity and reduce NHS demandA ‘whole-of-government approach’ is needed to tackle the causes of ill health, increase economic activity and reduce NHS demand, a new report from the NHS Confederation and Boston Consulting Group claims. According to the report, “Improving our Nation’s Health: A Whole-of-Government Approach to Tackling the Causes of Long-Term Sickness and Economic Inactivity”, reintegrating between half and three-quarters of people who have dropped out of the workforce for reasons of ill health since 2020 could deliver an estimated £109-177 billion boost to the UK’s GDP (2-3 per cent in 2029) and unlock £35-57 billion in fiscal revenue over the next five years. More →
Shared Parental Leave (still) failing to deliver for working dads

Shared Parental Leave (still) failing to deliver for working dads

by • News, Workplace

New research suggests that Shared Parental Leave (SPL) has failed to encourage greater take-up or longer leave by fathers, prompting calls for policy reformNew research suggests that Shared Parental Leave (SPL) has failed to encourage greater take-up or longer leave by fathers, prompting calls for policy reform. Introduced in April 2015, SPL was designed to let parents share the load of looking after their children, giving fathers a greater role at home and encouraging mothers to get back to work sooner. But new research by economists from the Economics Department and Institute for Policy Research (IPR) at the University of Bath and Cardiff University shows that the policy has fallen flat. Workplace Insight has been tracking the bumpy passage of the legislation over the past nine years. You can see our coverage here. More →
Millions of parents face work struggles due to children’s mental health challenges

Millions of parents face work struggles due to children’s mental health challenges

by • News, Wellbeing

Millions of parents across the UK are finding it increasingly difficult to balance work responsibilities with the demands of caring for children who suffer from mental health issuesMillions of parents across the UK are finding it increasingly difficult to balance work responsibilities with the demands of caring for children who suffer from mental health issues, according to a new poll. In the UK, approximately 2.5 million children are grappling with mental health issues, a statistic that has significant repercussions for their families. The study of 652 parents commissioned by the charity Parenting Mental Health offers a detailed look into how these challenges affect the lives of parents. More →
Vast majority people on zero hours contracts don’t want to be on zero hours contracts

Vast majority people on zero hours contracts don’t want to be on zero hours contracts

by • News, Wellbeing

A new poll makes the perhaps obvious point that a significant majority of workers on zero-hours contracts prefer stable, regular working hours.A new poll makes the perhaps obvious point that a significant majority of workers on zero-hours contracts prefer stable, regular working hours. Commissioned by the TUC, the survey found that 84 percent of zero-hours contract workers would prefer consistent work schedules, while only 14 percent are content with their current arrangements. The poll also highlighted the financial difficulties faced by these workers due to underemployment. Seventy-five percent reported not receiving enough hours to cover their living expenses. Despite this, more than half (58 percent) of requests for additional hours were turned down by employers. More →
The best leaders invite people to challenge them … and don’t punish them when they do

The best leaders invite people to challenge them … and don’t punish them when they do

by • Business, News

Leaders should foster a culture of positive, constructive challenge, which can help mitigate risks and improve decision makingLeaders should foster a culture of positive, constructive challenge, which can help mitigate risks and improve decision making, according to experts at Imperial College Business School. In a new white paper, researchers from Imperial’s Centre for Responsible Leadership analysed the strategies that leaders can implement to successfully elicit challenge from their teams. The paper contains key lessons and evidence-based recommendations for leaders to encourage challenge, that can be applied to a wide range of organisations. More →
UK commercial property market shows signs of recovery, but not for offices

UK commercial property market shows signs of recovery, but not for offices

by • News, Property

The United Kingdom's commercial property market is showing signs of a quicker recovery than the rest of Europe, following a challenging two-year period marked by high interest rates and the ongoing re-evaluation of the role officesThe United Kingdom’s commercial property market is showing signs of a quicker recovery than the rest of Europe, following a challenging two-year period marked by high interest rates and the ongoing re-evaluation of the role offices. According to the Green Street Index, the office market continues to be the most sluggish sector. The latest data suggests that both deal volumes and property values in the UK have seen an increase in the first half of 2024. This contrasts with Germany and France, where dealmaking has remained slow and price gains have been more modest. More →
European banks are over-valuing commercial property, ECB report suggests

European banks are over-valuing commercial property, ECB report suggests

by • News, Property

  An analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone's leading banks may be inflating the value of commercial propertyAn analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone’s leading banks may be inflating the value of commercial property, potentially obscuring the true state of their loan portfolios in a sector that is facing significant challenges. The analysis suggests that some banks are failing to properly account for the steep downturn in the commercial property market, which has been severely impacted by higher borrowing costs and weakened demand as businesses adjust to the post-pandemic economic landscape. More →
Technology failures are a major headache for small businesses

Technology failures are a major headache for small businesses

by • News, Technology

A new poll  from TalkTalk Business claims to identify the significant impact technology failures have on small and medium-sized enterprises (SMEs) in the UK.A new poll  from TalkTalk Business claims to identify the significant impact technology failures have on small and medium-sized enterprises (SMEs) in the UK. According to the survey, nearly one-quarter (23 percent) of these businesses have experienced system glitches within the past year. These technical issues are proving costly for many SMEs, with 17 percent reporting that such problems have cost their business between £500 and £999 over the last 12 months. More alarmingly, 12 percent of SMEs have faced losses ranging from £2,000 to £3,999, while 7 percent have incurred staggering costs between £8,000 and £9,999 due to technology-related failures. More →
Capital One Office upgrades classic Zumtobel luminaire

Capital One Office upgrades classic Zumtobel luminaire

by • Company news, Lighting

Capital One were still happy with the look and feel of their classic TECTON lighting system, but in search of improved efficiency, once again turned to Zumtobel for a fresh solutionTwenty years on financial services giant Capital One were still happy with the look and feel of their classic TECTON lighting system, but in search of improved efficiency, once again turned to Zumtobel for a fresh solution. Trent House, Nottingham, is financial services’ giant Capital One’s European HQ. It recently underwent a major remodelling project to create a stimulating and responsive working environment. In the dynamic landscape of corporate transformations, Capital One took a strategic leap to refurbish its 1st and 2nd floors, embarking on a journey towards modernisation and efficiency. Partnering with Zumtobel, a trusted name in lighting solutions, the project aimed to breathe new life into its 20-year-old Zumtobel TECTON System. More →
How can companies address the skills gap and ongoing talent shortage in their industry?

How can companies address the skills gap and ongoing talent shortage in their industry?

by • Company news

  Employers can, however, take proactive measures to address these problems and thrive by implementing smart solutions and adopting innovative tactics like Employer of Record (EOR) services to acquire top talent and bridge the skills gapThe modern business landscape is facing a significant challenge: a growing skills gap and a persistent talent shortage across various industries. Companies are finding it difficult to find qualified candidates with the necessary skills to fill important roles as technology changes quickly and job requirements change. This talent shortage may hinder general productivity, growth, and innovation. Employers can, however, take proactive measures to address these problems and thrive by implementing smart solutions and adopting innovative tactics like Employer of Record (EOR) services to acquire top talent. More →
Organisations need to address the rising problem of workplace sickness

Organisations need to address the rising problem of workplace sickness

by • News, Wellbeing

Rising levels of workplace sickness are costing UK businesses billions each year, according to a new report from the Institute for Public Policy ResearchRising levels of workplace sickness are costing UK businesses billions each year, according to a new report from the Institute for Public Policy Research (IPPR). The think tank’s analysis reveals that the annual hidden cost of employee sickness has surged by £30 billion since 2018. Of this increase, £25 billion is attributed to lower productivity from employees working while ill, with only £5 billion due to an increase in sick days. More →
Remote work is holding back innovation, study claims

Remote work is holding back innovation, study claims

by • Flexible working, News, Wellbeing

Remote work and 'hybrid working' models may greatly enhance employees' work-life balance, but new research suggests they might also be stifling innovationRemote work and ‘hybrid working’ models may greatly enhance employees’ work-life balance, but new research suggests they might also be stifling innovation. The study, led by economists from the University of Essex and the University of Chicago found that employees who worked in a hybrid model were less likely to come up with innovative ideas compared to their colleagues who always worked in the office. Additionally, employees working entirely from home tended to produce lower quality ideas than those who consistently worked in the office. More →
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