Search Results for: income

October 18, 2016

The global uberification of commercial property and the workplace ⁰

by Anthony Brown • Facilities management, Features, Property, Technology, Workplace design

Technology doesn’t just transform the world, it reshapes our language. So, we all need to get used to the word uberification as well as the idea of it. Based on the success of the on demand taxi service Uber, the word refers to the way a product or service becomes available to customers on demand via the Internet. Customers book a service only at the point of consumption. This represents an entirely new commercial model and is the defining characteristic of the new 21st Century economy. Uber may have provided the tipping point, going from start up to market valuation of $66 billion in just 7 years, but its success has given us a name for a process that is reshaping businesses and customer experiences across the entire economy, including in the commercial property sector.

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October 17, 2016

Freelancers are thriving on both sides of the pond, but have politicians noticed? ⁰

by Mark Eltringham • Flexible working, News, Technology

Two new reports that highlight the growth of the freelance and self-employed workforce in both the UK and US also suggest that politicians and civil servants in both countries have little real understanding about the changing nature of work. According to the UK government’s regular Business Population Estimates report, the number of private sector businesses is at an all-time high, around 5.5 million, up by a million since 2010. Yet the report fails to distinguish between freelancers, the self-employed and traditional SMEs, except to omit firms that are too small to pay VAT from its numbers. The trade association IPSE estimates that there are some 4.6 million self-employed and freelance workers in the UK, yet the BPE report does not account for the overlap in numbers. Even within the BPE’s own numbers, there are suggestions that its conclusions do not match the data. The annual growth in non-employing businesses outstripped those who employed others by a factor of 6:1 and 76 percent of businesses did not employ anyone aside from the owner. And the growth comes despite the fact that the self-employed in the UK now earn marginally less than they did 20 years ago.

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October 11, 2016

American workers prefer the 9 to 5 but would take a pay cut in exchange for home working ⁰

by Mark Eltringham • Flexible working, News

According to a new study by researchers at Princeton University and Harvard University, the average American worker is indifferent to flexible working hours and instead prefers a set 40-hour workweek. According to the study, most workers aren’t willing to take even a small pay cut to determine their own working hours. However, if given the option to work from home, many workers — especially women — would take an 8 percent wage cut to do so. The findings, published by the National Bureau of Economic Research (NBER), also show that workers consistently dislike irregular work schedules set by employers on short notice. They would even give up one-fifth of their salary to avoid working evenings or weekends. Nearly half of jobseekers would not take an irregular-schedule job even if it paid a quarter more than a 9 to 5 job. This is true even of workers who currently have irregular work schedules.

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September 6, 2016

Two thirds of US gig economy workers would choose not to repeat the experience ⁰

by Mark Eltringham • Flexible working, News, Wellbeing

While the number of independent workers in the US gig economy is expected to grow to 54 million people by 2020 and some 40 percent of workers have already experienced it according to MBO Partners: State of Independence in America 2016, a new online poll by Deloitte of nearly 4,000 workers found that 67 percent of those who have worked as an independent contractor would choose not to do so again in future. Additionally, more than 60 percent of employed workers said that their stability would suffer if they moved to independent contract work, and 42 percent worry about sacrificing good compensation and benefits. Four-in-ten respondents (41 percent) recognise that independent contracting offers more flexibility to work where, when, and how they want to as compared to full-time employment. However, respondents cite inconsistent cash flow and lack of employer-paid benefits as drawbacks that discourage them from pursuing independent work.

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August 17, 2016

The behaviour of managers is increasing workplace stress, claims study ⁰

by Mark Eltringham • News, Wellbeing, Workplace

Management behaviour is contributing to rising workplace stress levels with employees blaming their own bosses for adding to the pressures they feel, a new study of 1,200 people by MetLife claims. The study suggests that 69 percent of employees say that the behaviour of managers in their organisation has increased stress and that the rising stress is having a major impact on company performance. Around 45 percent of employees say that stress caused by management has led to staff in their organisation taking extended time off. This in turn increases costs and affects productivity as well as impacting other workers who take on an increased workload. Government data estimates that around 35 percent of all work-related ill-health is caused by stress and that stress accounts for 43 percent of all working days lost to ill-health – the equivalent of 9.9 million working days a year at an average of 23 days per case.

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August 10, 2016

Low take up for shared parental leave raises questions over demand ⁰

by Sara Bean • Flexible working, Legal news, News, Workplace

New research questions how much demand exists in the UK for fathers to take shared parental leave. The first available figures reveals a low take-up of new rights to paid leave, as just 3,000 new parents took advantage of the system in the first three months of 2016 – one year on from its introduction. By contrast, approximately 52,000 fathers and 155,000 mothers took paternity and maternity leave in an equivalent time period in 2013/14. The figures were published as a result of a freedom of information request from law firm EMW who suggest that this shows that the new rules are being significantly under-utilised and policymakers need to give more consideration to what benefits future changes to employment law will actually deliver versus the impact on small businesses which have to implement them. The new Shared Parental Leave system allows parents to share paid time off between them, in place of (and at the same rate as) Statutory Maternity Pay.

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July 28, 2016

Working in an office is NOT as bad as smoking, whatever you might read ⁰

by Mark Eltringham • Comment, Knowledge, Wellbeing, Workplace, Workplace design

There is a lurid headline in today’s Telegraph proclaiming that ‘Working in an office is as bad as smoking’. It’s been picked up by a number of other news outlets, has been splashed all over search engines and will no doubt join the stream of misleading narrative that distorts the subject and encourages designers to come up with nonsense like this. So, in an almost certainly vain attempt to close the sluice gates, we would encourage people to read the source material. In this case that is a piece of research in The Lancet medical journal published yesterday. What the report actually concludes is that ‘in addition to morbidity and premature mortality, physical inactivity is responsible for a substantial economic burden. This paper provides further justification to prioritise promotion of regular physical activity worldwide as part of a comprehensive strategy to reduce non-communicable diseases’. In other words, it supports an existing, well understood conclusion.

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July 19, 2016

Millennials will stay engaged in the workplace if they feel they are valued ⁰

by Sara Bean • Flexible working, News, Workplace

The “ability to make an impact on the business” matters notably more to millennial employees than their salary and other benefits. According to a new survey from recruitment firm Korn Ferry, income comes in last on their list. The Second Annual Korn Ferry Futurestep Millennial Survey highlights the younger generation’s workplace preferences, including a need for feedback and a willingness to work long hours. In the survey, which asks what will make a millennial choose one job over another, 38 percent said “visibility and buy-in to the mission and vision of the organisation.” The survey also found that consistent feedback is key to managing millennials, with three quarters of respondents saying this generation needs more feedback than other generations. However, only 13 percent of respondents said they offered more feedback sessions to this group, and less than half offered mentorship opportunities.

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July 12, 2016

Skyscrapers in London will be hardest hit by new business rates ⁰

by Sara Bean • Architecture, Cities, Facilities management, News, Property

As we reported yesterday there are plans afoot to surround the ‘Walkie Talkie’ winner of last year’s Carbuncle Cup with other tall building. However for organisations interested in occupying a London skyscraper it’s worth noting that according to Colliers, businesses in London’s twenty tallest skyscrapers can expect to pay an extra £50 million under forthcoming major changes to business rates. In a data analysis published recently, Colliers has assessed the likely effects of forthcoming business rates changes – floor-by-floor – on the occupiers of London’s twenty tallest buildings. Overall, firms will need to cough up an extra £50m as business rates bills go from £194m to £243m over the next three years. And the infamous ‘Walkie Talkie’ at 20 Fenchurch Street, and now fully occupied – will see the largest increase with office occupiers and luxury rooftop restaurants faced with a business rates bill of over £19m by 2019, an increase of £5.1m compared with current levels.

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June 28, 2016

Countries aware of but not harnessing full potential of older workers ⁰

by Mark Eltringham • Flexible working, Knowledge, News, Workplace

The idea of a fixed retirement age looks increasingly distant in countries around the world and perhaps none more so than the US. According to a study from the Pew Research Center, based on data from the federal Bureau of Labor Statistics, more US over 65s are working than at any time covered in the analysis, and they are working longer hours. As of May, nearly a fifth (18.8 percent) of over 65s worked full or part time, up from 12.8 percent in 2000. Intriguingly, the study also shows that this represents a significant greying of the workplace as in the overall population, 59.9 percent of Americans are currently in jobs, down from 64.4 percent in 2000. The same pattern is evident even in workers significantly older than 65. Even the over 75s are working at higher rates than they did before the 2008 recession, the only age groups about which that can be said, according to Pew, emphasising the fact that the workplace is getting older rather than younger as is commonly assumed.

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June 27, 2016

Millennials not as keen on the gig economy as you might think, claims study ⁰

by Mark Eltringham • Flexible working, News, Workplace

The supposed confluence of two of the most currently talked about workplace phenomena may not be all it seems, according to a new report from PwC. It appears that Millennials may not be all that keen on the gig economy after all, and might prefer some of the things that previous generations enjoyed such as stability, security and an ability to plan their lives with at least some degree of certainty. They are realists however, and understand that the use of freelance work will continue to grow over the next few years. Indeed, the report suggests that it is older workers who – perhaps unsurprisingly – are more keen on freelance work. According to the study based on 1,385 respondents in the US, overall 41 percent of employees expect to be employed on a contract basis within the next year, even though over a third (39 percent) don’t like the income uncertainty, and over half (53 percent) expect to be fully self employed within the next five years.

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June 24, 2016

Property and workplace experts have their say on the Brexit outcome ⁰

by Mark Eltringham • Architecture, Comment, Facilities management, Property, Workplace, Workplace design

Well, the results are in and the UK’s electorate has voted by a narrow margin for the country to leave the EU. There are likely to be other developments but whatever you make of the UK’s decision to vote to leave the EU – and I think it’s fair to say most independent people think it’s inexplicable – there’s no doubt that it will have a profound impact on the UK’s economy, relationship with the world, culture, working conditions and markets. What it will mean in practice won’t be apparent for months or years, of course, but that hasn’t stopped experts who work in the property, workplace, design, legal, HR and architecture sectors having their say on its potential implications. We’ll look at these specific issues in more detail going forward but for now, here’s a round-up of those we have so far, which we’ll keep updated throughout the day as the dust settles on what will prove to be a momentous decision for the UK, Europe and rest of the world.