Search Results for: income

July 9, 2018

Quarter of British workers have a side hustle as well as their main job

by Neil Franklin • Flexible working, News, Workplace

Academics at Henley Business School have revealed a growing trend in ‘side hustles’ which shows that as many as 1 in 4 people in the UK are running at least one business project alongside their main day job, contributing an estimated £72 billion to the UK economy. Henley has published a white paper on the emerging side hustle economy. Its study of over 500 business leaders and 1,100 UK adults found the trend is now happening at an unprecedented pace across the UK. A side hustle is defined as a secondary business or job that brings in, or has potential to bring in, extra income. 73 of people who start a side hustle do so to follow a passion or explore a new challenge, but there are financial benefits too, with side businesses contributing 20 percent to side hustlers’ income.

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June 28, 2018

The self-employed enjoy higher levels of wellbeing and happiness, but work still needed

by Neil Franklin • News, Wellbeing

Policymakers and business leaders must work to improve wellbeing among the self-employed, a new report by the Centre for Research on Self-Employment (CRSE), has said. Instead of exploring self-employed wellbeing through the conventional prism of economic success, the report, The Way to Wellbeing, adopts a new approach. It considers people’s overall life satisfaction, based on their subjective assessments of various aspects of their lives – including jobs, income, health, family life and leisure. The report found that wellbeing was higher among self-employed people by using subjective assessments of different aspects of their lives. This is the first time a major report of its kind has taken a holistic view of wellbeing – looking at jobs, health, family life and leisure – to build an overall picture of life satisfaction, rather than just using a narrow measure of economic success.

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June 12, 2018

BCO to provide definitive guidance on enabling wellbeing in the office

by Sara Bean • Facilities management, Flexible working, News, Wellbeing, Workplace design

A major research study “Wellness Matters: Health and Wellbeing in offices and what to do about it” by The British Council for Offices (BCO) is being launched today. The study critiques existing Health and Wellbeing measurement and certification, identifies the most recent and relevant medical evidence justifying a proactive approach to Health and Wellbeing in the built environment, and articulates the business case for investment in this space beyond simply improving productivity. (more…)

June 8, 2018

Flexible office space is becoming mainstream as demand grows

by Sara Bean • Facilities management, Flexible working, News, Property

The provision of flexible office space is increasing as landlords look to capitalise on its increasing demand by occupiers. Alongside this a significant proportion would be happy to work in partnership with a flexible office space provider. According to a new study; UK Landlords & Investors Embrace the Flexible Revolution from CBRE, the majority of UK landlords (92 percent) believe that flexible office space is on the brink of becoming mainstream and are not only keen to monitor but respond to the growth of flexible office space. Over three quarters (77 percent) of survey participants stated that they are currently considering some form of flexible provision, with 79 percent declaring an intention to act within the next 12 months. (more…)

June 4, 2018

Seven workplace stories that caught our attention over the last week

by Mark Eltringham • Facilities management, Features, Wellbeing, Workplace design

Why telling an adult they are a hard worker can backfire

Facebook takes on entire WeWork location on Soho

Are these the world’s best tall buildings?

How one Chinese city is spending more on AI than the EU

Evidence that daylight can make a positive difference in the workplace

Automation is starting the clear the clutter from offices

Considering the merits of universal basic income

May 16, 2018

A 21st Century take on the idea of the time capsule that tells us something about the way we work

by Freddie Steele • Comment

Last December, National Geographic published a story about the discovery of one of the oldest known time capsules. It was concealed by a chaplain of the Cathedral of Burgo de Osma in Spain, in the buttocks of a statue of Jesus Christ. Hidden inside were some documents that detailed life in Spain in the late 18th Century, along with some thoughts on the political and religious systems of the time. Historians have concluded that this was one of the very first time capsules, given that the creator clearly intended it to be discovered at some point in the distant future. This has been the standard approach to time capsules for hundreds of years; a chance to leave behind some artefacts or thoughts for a future generation to learn about the past.

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May 4, 2018

The workplace week in seven stories you should read

by Mark Eltringham • Features, Technology, Workplace, Workplace design

The need to work less is a matter of life and death

House-hunters resort to commercial property in Madrid

The return of the traditional workplace for tech firms?

Ten million British jobs could be gone in 15 years and no one knows what happens next.

Embracing technology to move facilities management forward

Tiny robots will deliver your lunch, because we hate human interaction

The lapsing of Finland’s universal basic income trial (registration)

April 27, 2018

Employers not properly supporting older workers with health conditions

by Sara Bean • News, Wellbeing, Workplace

One in four working people aged 55+ with a health condition are considering leaving work as a negative culture and bureaucratic procedures put many off speaking to their employers until a crisis point. This is according to a new report from Ageing Better, ‘Health warning for employers: supporting older workers with health conditions’, which claims that employers are not properly supporting older workers experiencing long-term physical and mental health conditions. Health is the most important factor affecting older workers’ decisions to stop working before reaching State Pension age. Ageing Better’s research finds that early access to support, small adjustments to the workplace and working patterns, and empathetic management are crucial to enabling people to manage their health at work and remain in employment. But the research also found that workers are often put off speaking to employers until the last moment due to poor workplace culture and overly bureaucratic procedures.

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April 16, 2018

Local authorities spend £3.8bn on commercial property in last five years

by Mark Eltringham • News, Property, Public Sector

Local authorities have invested around £3.8 bn in commercial property over the last five years, a new study claims. The report (registration required) from property consultancy Carter Jonas and Revo claims that of the £3.8 bn invested, nearly half was spent on the acquisition of office space. It found that Spelthorne Borough Council in Surrey (pictured) was the largest local authority investor committing £477.1 m to assets within its domain. This is more than double its nearest rival Warrington Borough Council (£219.5 m) and is largely down to the purchase of BP’s International Centre for Business & Technology in Sunbury for £360 m.

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April 4, 2018

Government announces details of new real estate agency

by Mark Eltringham • News, Property, Public Sector

The UK government has announced the creation of the Government Property Agency (GPA) which will aim to ‘improve the efficiency and effectiveness of the Government Estate and generate benefits of between £1.4 billion and £2.4 billion over the next ten years’. GPA’s initial portfolio of 80 properties will grow to over 1,000 as it takes on increasing responsibility for managing the general purpose central government real estate portfolio. This is intended to manage the government’s property portfolio strategically in order to realise the benefits that departments cannot achieve on their own. The GPA will partner with government departments to find innovative property solutions, and provide expertise to enable them to deliver wider business change more efficiently. More broadly, the GPA will also be an enabler for the delivery of Civil Service transformation, regional growth and the government’s vision to strengthen the Union.

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April 2, 2018

Take up of shared parental leave is held back by cultural inertia

by Paul Kelly • Comment, Flexible working, Workplace

A recent report by the House of Commons’ Women and Equalities Committee, Fathers and the workplace, has brought into sharp focus the problems fathers have juggling participation in family life with their employment obligations. We are moving away from the traditional gender stereotypes of the father being the breadwinner and the mother being responsible for childcare. Today, many families have two parents in either full or part-time work, with dual income households being far more common now than just 30 years ago. The pace of technological change and the growing gig economy have both contributed significantly to this shift in working patterns. As a result, some of the UK’s laws are becoming outdated, as many laws were formulated on the assumption that it would usually be the woman within a family who would have responsibility for childcare.

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March 27, 2018

Ageing population and low fertility rate is leading to European labour force shortage

by Sara Bean • News, Workplace

Europe faces an increasing labour force shortage, which means that between 2017 and 2025, 184 out of 263 metropolitan areas from the EU-28 will record a negative growth rate in their working age population. According to a recent analysis by GlobalData this is due to a combination of lower fertility rates across most European Union (EU) countries, which is causing a reduction the growth rates of the youth population, while increased life expectancy is leading to a steady rise in the growth of the elderly population. But according to Ramnivas Mundada, Economic Research Analyst at GlobalData, ‘‘Measures such as increasing the levels of post-retirement employment opportunities, offering more support for women returning to the workplace and investing in youth employment, education and training could help to mitigate the impact of these demographic changes over the long term.’’

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