Search Results for: income

Purpose and autonomy are better predictors of job satisfaction than pay and status, major study finds

Purpose and autonomy are better predictors of job satisfaction than pay and status, major study finds

The research offers new insights into the complex factors that shape job satisfaction and how people feel about their work and wider lives.The most satisfying jobs and fulfilling occupations are those that offer a strong sense of purpose and autonomy rather than high pay or prestige, according to what researchers are calling the most comprehensive study yet of job satisfaction. Led by Kätlin Anni at the University of Tartu in Estonia, the study analysed data from 59,000 individuals and 263 occupations as part of the Estonian Biobank project. The research, now published as a preprint on PsyArXiv, offers new insights into the complex factors that shape job satisfaction and how people feel about their work and wider lives. (more…)

Future of Work 2025: WEF report sets out the unsurprising but profound changes ahead

Future of Work 2025: WEF report sets out the unsurprising but profound changes ahead

The latest report on the future of work forecasts profound but entirely unsurprising changes for the workplace over the next five yearsThe latest Future of Jobs Report from the World Economic Forum forecasts profound but entirely unsurprising changes across global labour markets over the next five years, as technological breakthroughs, demographic shifts, and the green transition redefine the physical and digital workplace. Drawing on insights from over 1,000 employers, representing more than 14 million workers across 55 economies, the report on the future of work claims that technological change—particularly the rise of generative AI (GenAI)—will be the most powerful driver of workplace transformation by 2030. Broadening digital access is expected to reshape six in ten businesses, followed closely by AI and robotics, which are both forecast to simultaneously create and displace jobs on a massive scale. (more…)

Older workers will be essential in a changing global economy

Older workers will be essential in a changing global economy

A new report from consulting firm Bain & Company underscores the rising importance of older workers as global populations age and labour markets face growing talent shortagesA new report from consulting firm Bain & Company underscores the rising importance of older workers as global populations age and labour markets face growing talent shortages. The study focuses on the demographic of employees aged 50 and above, whose experience, stability, and institutional knowledge make them invaluable assets to businesses. It reveals that while older workers often demonstrate adaptability, problem-solving abilities, and a strong work ethic, organisations frequently overlook their contributions due to outdated stereotypes and rigid employment practices. (more…)

Beyond the jargon: what insurance benefits really mean to your team

Beyond the jargon: what insurance benefits really mean to your team

Here’s a jargon-free guide to the different insurance benefits you can offer your employees, and the real-life impact they have on your team.Offering a comprehensive employee benefits package is more important than ever, and  Drewberry’s 2024 Employee Benefits And Workplace Satisfaction Survey found that a fifth of employees want insurance to protect their loved ones. But with so many products out there, and terms like “Group Income Protection” and “Critical Illness Cover” making many people’s eyes glaze over, it can be hard to determine the right product for your people – and what they really offer. (more…)

How commercial property owners can boost revenues and occupancy in light of the Autumn Budget

How commercial property owners can boost revenues and occupancy in light of the Autumn Budget

The Autumn Budget is anticipated to introduce a series of tax increases that could directly impact commercial property ownersThe Autumn Budget is anticipated to introduce a series of tax increases that could directly impact commercial property owners, including changes to capital gains tax (CGT), national insurance contributions, and business rates. These changes could have a ripple effect across the property market, influencing both investment decisions and tenant demand. These are the key areas of concern for commercial property owners. (more…)

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

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…)

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

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…)

3 Days of Design proves we don’t know what we’re doing

3 Days of Design proves we don’t know what we’re doing

We don't know what we're doing. That was what we all learnt about sustainability at last week's 3 Days of Design in CopenhagenWe don’t know what we’re doing. That was what we all learnt about sustainability at last week’s 3 Days of Design in Copenhagen as Denmark’s capital city played host once more to this increasingly influential European Design event. Timed, as it is, in the same week as Chicago’s Neocon, and following on from Milan’s enormous and well-renowned Salone, not even intermittently inclement weather could disguise the noticeably larger audience drawn to Copenhagen this year. (more…)

Office market upheaval means uncertain times for landlords

Office market upheaval means uncertain times for landlords

The UK office market is facing a period of significant upheaval, according to a new survey commissioned by workspace provider infinitSpaceThe UK office market is facing a period of significant upheaval, according to a new survey commissioned by workspace provider infinitSpace. The research paints what it says is a concerning picture for landlords, with a sizeable portion battling financial strain and even potential closure. Over 14 percent of the 250 surveyed landlords fear their office buildings could shut down within the next five years due to affordability concerns. (more…)

Two in five people say they aren’t paid enough to make ends meet

Two in five people say they aren’t paid enough to make ends meet

A new report from Indeed, released two weeks ahead of the UK General Election, suggests that more than 2 in 5 (42 percent) Brits are struggling to make ends meet. According to the survey of over 2,000 British people, those in the North East of England feel most comfortable, with less than a third (32 percent) struggling, while almost half (48 percent) of those in Scotland say their pay isn’t keeping pace.  (more…)

Since the pandemic, people now work six fewer months over the course of their lives

Since the pandemic, people now work six fewer months over the course of their lives

As the UK government warns that the state pension age might need to rise, a new report from the the International Longevity Centre UK (ILC) claims that, between 2019 and 2022, people’s work span in the UK fell by 6 months. The report argues that, to enable more people to stay healthy and be in work for longer, the next government should invest more in preventing ill health, supporting people to stay in work and building healthier behaviours. (more…)

Remote work overseas could lead to double tax for firms, employees and digital nomads

Remote work overseas could lead to double tax for firms, employees and digital nomads

The rise of remote work, fuelled by the pandemic, may serve up a hidden danger for employees. Accountants warn that employees who relocate abroad while working for a UK-based company could end up paying income tax in both countries, on top of social security contributions in their host nation. (more…)