Search Results for: income

Living longer, still working but earning more – the changing world of the UK’s older workers

by • Legal news, News, Workplace

Older workersA new report from the Institute for Fiscal Studies challenges some of the most commonly held misconceptions about the UK’s older workers, their health, income and status. The Changing Face of Retirement has been produced by the IFS in partnership with the Joseph Rowntree Foundation and the Economic and Social Research Council. Over the next ten years, it claims that changes to the pension provision, a rise in the retirement age, improving levels of long term health and the fact that many more people will remain in relationships as the life expectancy of men improves will mean more and more older people will supplement their pension incomes with paid work. The report also suggests that there will be more women between the ages of 65 and 69 in work than men by 2021 but both groups will see significant increases as the proportion of the total population aged over 65 increases by over a fifth.

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Attitudes towards flexible working still at odds with needs of modern life, claims report

by • Flexible working, News, Workplace

Flexible working fatherThere is still a stigma attached to flexible working and employers are still reluctant to offer it to staff, according to a survey of UK employees carried out by parenting website Netmums and charity the Family and Childcare Trust. According to a third of just under 1,800 respondents, there remains a degree of resentment from work colleagues towards those who  enjoy some form of flexible working. And, while, 80 percent of people think it is very important that employers offer flexible working to staff , a mere 15 percent feel it is offered in practice and another 20 percent have no idea whether it is available to them or not. The result is a mismatch between the desires and expectations of individuals and the reality of working life with the upshot that nearly a third (29 percent) of respondents claim to have left a job because they were unable to balance it with other aspects of their lives.

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The enduring need to put a bit more of the M into facilities management

by • Comment, Facilities management, Furniture, Workplace design

Shutterstock's new offices, Empire State Building

Shutterstock’s new offices, Empire State Building

It may well be a statement of the obvious, but it’s worth reminding ourselves sometimes that the term facilities management consists of two words. There is often a bit too much emphasis on the facilities and a bit too little on the management and sometimes we look for design and product solutions to problems that would be better managed in some way. You can put this down to a number of things but to some extent at least it’s down the idea that when you are determined to use a hammer, every job looks like a nail. Obviously the media takes some of the blame for this mindset because it often earns income from businesses who want to sell their stuff to solve particular problems rather than focus on the idea that many of them can be addressed either as a management issue or in combination with products and design.

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£56m office development planned for Salford’s regeneration area

by • Company news, News, Property, Public Sector

Salford £56m regeneration schemeWork is to start on a £56m Grade A office and car park development in Salford’s Greengate Embankment regeneration area. The joint venture partners behind the development are Carillion, Ask Real Estate and Tristan Capital Partners, with Carillion acting as the main contractor. Work on the site, which was part of the former Manchester Exchange railway station, will start in June, with delivery of the 172,640sq ft office and car park planned for spring 2016. Salford City Council has signed an eight-year pre-lease on the whole of the first office building and Q-Park has agreed a 35 year pre-lease for the 442 space car park. The site, which was acquired from Network Rail, also has planning permission for a second phase which comprises another Grade A office building providing 150,000 sq ft of space. (more…)

By 2030 your colleagues could be old enough to be your great-grandparents

by • Flexible working, News, Technology, Workplace

By 2030 your colleagues could be old enough to be your great-grandparentsBy 2030 four-generation or “4G” workplaces – will become increasingly common as people delay retiring, even into their 80s. Although the role of women in the workplace will strengthen, an increasing divide will mean that while highly-skilled, highly-paid professionals will push for a better work-life balance, others will experience job and income insecurity. Technology will continue to evolve, pervading work environments everywhere, with many routine tasks becoming the domain of the smart algorithm. Multi media “virtual” work presences will become the norm, and as businesses seek additional flexibility, they will decrease the size of their core workforces, instead relying on networks of project-based workers. This is all according to the Future of Work, published this week by the UK Commission for Employment and Skills (UKCES). (more…)

Average UK working parents now spend more on childcare than mortgages

by • Flexible working, Legal news, News, Workplace

© Family and Childcare Trust

© Family and Childcare Trust

Last month we questioned the financial wisdom of going to work for Britain’s working parents. Today the question became even more vexed as it emerged they typically pay childcare costs equivalent to over a quarter of the UK average salary. A report from the Family and Childcare Trust says that to have one child in a part-time nursery and another in an after school club would cost £7,549 each year. Not only does this represent 28 percent of the average salary of £26,500 and is more than an average mortgage which is £7,207 per annum. For those with full time childcare the costs are typically £11,700 per year. The report also notes that childcare costs have increased by over a quarter over the last five years and even the Government’s ongoing commitment to childcare is failing to alleviate the situation.

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Why do we bother going to work? Good question.

by • Comment, Facilities management, Flexible working, Workplace

CommutingWhile the UK Government continues to explore new ways of getting people back to work more quickly following (or even during) illness, there are a number of counterpart questions that they continue to fastidiously ignore, one of which is ‘why bother?’. We might all ask ourselves that from time to time, whether petulantly or as a pressure-relieving alternative to ramming a co-worker’s head through a window or a laptop in a dumpster. But there are also reasons to raise the question coldly, rationally and with full awareness of all the facts, not least when it comes to assessing the increasing cost of going to work in the first place. Put simply, for many people it makes little or no financial sense to go to work.

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Latest generation Y survey reflects characteristically idealistic thinking of youth

by • Comment, News, Workplace

Maybe it’s the cynicism of middle age, but the most recent exploration of arguably, the most over-analysed cohort of workers in history – Generation Y – seems to reflect the archetypal idealistic thinking of youth. For example, while most Millennials (74%) believe business is having a positive impact on society by generating jobs (48%) and increasing prosperity (71%), they think it can do much more to address society’s challenges in the areas of most concern: resource scarcity (68%), climate change (65%) and income equality (64%). And quelle surprise, 50 per cent of Millennials surveyed wanted to work for a business with ethical practices. You have to wonder wouldn’t an examination of the hopes and aspirations of the last couple of generations of younger workers reveal similar ideologies, albeit without the benefit of their digital sophistication? (more…)

UK commercial property lease lengths shorten to ten year low, claims report

by • News, Property

let-signLease lengths for commercial property fell to an historic low in the year to June 2013, while income, lost due to tenants going bust, hit an all time high, according to a new report from IPD. The IPD Lease Events Review measures over 93,000 leases, and 3,500 lease events across the UK. The 2013 edition found that over 80 percent of UK leases signed in the year to June 2013 were under five years in length, the highest level since measurement began and up from 55 percent over the last ten years. The average length of commercial property leases is now 5.8 years, down from 7.8 years in 2003, lower even than the 6.0 years in 2009 at the lowest point of the recession. Landlords have struggled to maintain cash flow and lost over 6 percent of their income due to a record numbers of defaults and insolvencies last year.

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Germans prove that long hours and productivity are often two completely different things

by • Comment, Workplace

german-flagEarlier this year, Insight published the results of a survey which showed that the World’s hardest workers, contrary to what Jeremy Clarkson might say, are Mexican. But that poll told half the story because it only measured the number of hours people work. When it comes to productivity measured by output against time spent working, it turns out that it’s the Germans who are the undisputed champions according to research from the PEW Trust. This won’t come as a surprise if you believe the Teutonic stereotype, as many people assuredly do. The survey also found that, when asked which nation had the most productive workers, respondents in the UK, France, Italy, Spain, the Czech Republic, Poland and Germany itself all believe that Germans are Europe’s hardest workers.

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New research sheds light on why executives persist in stressful work habits

by • Flexible working, News, Workplace

New research sheds light on why executives persist with stressful work habits

There’s a fine line between enjoying the stimulation of a demanding job and feeling burnt out. Lloyds’ chief executive, Antonio Horta-Osorio made headline news in 2011 after being signed off sick with stress and exhaustion. As the recent suicides of two Swiss banking executives have shown, it’s often difficult for pressurised workaholics to admit the job has become too much. A recent US academic study provides some clues as to why senior executives persist in working to unhealthy levels; while research by serviced office provider Business Environment reveals how UK office workers are also prone to stressful work habits. One fifth (21%) take work home at least one to two times a week, and one in five employees (19.6%) have taken time off work due to stress. (more…)

UK Government encourages £1 billion council property sale to fund services

by • Knowledge, News, Property, Public Sector

The parlous state of local authority finance in the UK is encouraging councils to behave in new ways and many are making them unpopular. From the greater use of bailiffs to attempts to increase income from local car parks, much of the current thinking on revenue generation has focussed on quick fixes as councils seek to preserve front line services. Whitehall is currently carrying out a technical consultation as it seeks to cut its funding for front line services by 21 percent over the next two years as part of the now annual debate about finding the money to do all the things Central Government expects local authorities to do. One potential solution is the sale of property according to a report that councils may be allowed to sell off buildings and reinvest the proceeds in their operations.

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