Search Results for: pay ratio

May 12, 2015

One third of global workers are finding work-life balance unattainable

by Sara Bean • Flexible working, News, Workplace

Managing work-life balance has become more difficult for a third of workers over the last five years, with Millennials most affected. After competitive pay and benefits, nearly three quarters of people questioned in a global poll (74%) felt that being able to work flexibly and still be on track for promotion, and working with colleagues who supported flexibly were the most important considerations when choosing a job. In the countries covered in the research from EY, German and Japanese workers find it hardest to create work-life balance. Globally, around half (46%) of managers are working more than 40 hour weeks and four in 10 say their hours have increased over the past five years. Nearly half of Millennials (47%) report an increase in hours compared to 38 percent for Gen X and 28 percent for Boomers.

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May 5, 2015

UK digital infrastructure struggling to keep pace with demand

by Mark Eltringham • Flexible working, News, Technology

The UK is struggling to create the digital infrastructure it needs to keep up with burgeoning employment and investment levels in new technology. A new study from IT recruitment firm Experis claims there has been an 18 per cent increase in the number of permanent job roles in the IT sector advertised across the UK in the first quarter of 2015. Meanwhile, a report from Santander’s commercial business division claims that the UK’s SMEs are planning to invest £53bn in digital business over the next two years. All of this should be good news except for the fact that digital experts are warning that the UK is about to hit the digital buffers over the next two decades, according to experts who will present their findings to the Royal Society next week.

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April 15, 2015

Office location key factor for staff engagement, with home working preferred ⁰

by Sara Bean • Facilities management, Flexible working, News

It might be disheartening to learn that despite an employers best efforts to design an engaging and inspiring workplace, for many employees it’s where the offices are located that matters most. In a recent UK poll by ClickSoftware over half (57%), said office location was the most important reason why they’d stay in their job ahead of both pay (52%) and job security (33%). However, the most preferred place to work is at home, with 60 percent of people identifying this location to be ‘very comfortable’. The survey also looked at the factors that affected job performance, and found one in five people (20%) believe their productivity at work has been negatively affected by the location of their job. This increases further in the capital with over a quarter of Londoners (26%) feeling that their productivity would suffer by working in a ‘horrible location’. (more…)

March 13, 2015

It’s worth exploring alternative forms of finance for office fit out

by Mark Eltringham • Comment, Facilities management, Workplace design

You can’t help but notice that there has been a shift in recent years for us to become the consumers of things we were once obliged or wanted to own. We watch films on Netflix, listen to music on Spotify and share cars with strangers through BlaBlaCar. As both individuals and businesses we rent software rather than own it and in the growth of serviced offices and co-working spaces we see the same forces at work. The attractions of this approach are obvious, not least in keeping down the costs of things we may not want to keep in the long term and leaving ourselves free to make different choices in the light of rapidly changing circumstances. So it’s no surprise that economic uncertainty is just one factor that has driven an increase in asset financing at the same time that we have seen a permanent change in spending patterns.

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March 11, 2015

How a big, stupid idea can be more attractive than a small, effective one

by Mark Eltringham • Architecture, Comment, Property

We’re going to be hearing a lot of big ideas over the next few weeks. Politicians will be sharing their ‘visions’ with us and letting us know exactly how ‘passionate’ they are about them and anything else Twitter tells them we care about. It’s going to be boring and infuriating, but we only have ourselves to blame. We fret when politicians don’t give us a handy label on which we can rest our hopes or lay the blame, depending on whether we agree with whatever the big idea is or not. Of course, David Cameron’s vision of choice when he became Prime Minister in 2010 was The Big Society. I won’t get into the rights and wrongs of that but I think we can all agree that The Big Society has been kicked unceremoniously into The Long Grass and we won’t be hearing much about it in the build up to this year’s General Election. Nor will we be hearing much about another of David Cameron’s pet projects even though that has actually gone on to be something of a success.

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March 10, 2015

Third of Millennials more engaged by contributing to company vision than a high salary

by Sara Bean • News, Wellbeing, Workplace

The younger generation of workers say high visibility and the chance to help influence the workplace culture is of much more importance than the size of their pay packet. When asked by US-based firm Futurestep what matters most to them as employees, the greatest number of Millennial respondents – those born after 1980 – (23%) said it was “the ability to make an impact on the business,” followed by “a clear path for advancement” (20%) and “development and ongoing feedback” (16%). Income came in at fourth place at 13 percent. When questioning what makes Millennials choose one job over another, more than a third (38%) said “visibility and buy-in to the vision of the organization” while 28 percent said “a clear path for advancement.” “Job title and pay” came in third place at 18 percent.

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March 5, 2015

Majority of UK workers concerned about their ability to retire

by Mark Eltringham • Legal news, News, Workplace

A new report from the Chartered Institute of Personnel and Development claims that the majority of UK workers are concerned that their current pension arrangements won’t allow them to retire. It found that the average employee pension contribution to a workplace-defined contribution pension scheme is currently 5 percent, but most employees think they should be saving almost double that (9 percent). Four in ten (43 percent) think they should be contributing more than 10 percent of their salary to their retirement savings and almost a quarter (22 percent) admitted they didn’t know how much they should be contributing. The shortfall between what employees are paying in and what they think they should be paying is highlighted by the fact that over half of UK workers have considered how they might work past state pension age and one in ten people (13 percent) are worried that they will never be able to afford to leave paid employment.

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January 28, 2015

Digital revolution continues to transform the way we work

by Mark Eltringham • Facilities management, Flexible working, Technology, Workplace

The full extent of the way digital technology is transforming British working life is apparent in new research published by Brunel University. The study – essentially a snapshot of the digital revolution in 2015 – found that 98 percent of the 830 businesses surveyed have a website, 8 in 10 manage finances online, 53 percent provide flexible working and 63 percent see innovation as a way to improve customer satisfaction. However, the study also reveals a major gulf between big business and SMEs, with larger firms significantly more digitised than their smaller contemporaries. This raises concerns over the preparedness of the SME sector at a time when the Government’s growth agenda has prioritised nurturing and supporting new and evolving enterprises – and for whom the digital battleground has broken down traditional barriers to entry.

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January 26, 2015

Flexible working improves the quality and quantity of sleep

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

Morning Sun by Edward Hopper

Giving employees more control over their work schedules may help curb sleep deficiency, according to health researchers in the US. A team led by Orfeu M. Buxton, associate professor of bio-behavioural health at Penn State University set out to explore the question of whether family-friendly work practices and other forms of flexible working had any impact on the quantity and quality of sleep. They results are published this month in the journal Sleep Health. Of the nearly 500 employees from an IT company surveyed over a period of a year, the researchers found that employees who were able to enjoy more control over their working day also enjoyed an average of eight minutes more sleep per night than those with rigid working hours. The research also found that participants’ perceptions of their sleep quality also improved.

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January 22, 2015

MPs call on BBC to cut ‘staggering’ running costs of its estate

by Mark Eltringham • Facilities management, News, Public Sector

The body which oversees UK public spending has criticised the way the BBC is running its estate following the publication of a National Audit Office (NAO) report. While the report praises certain aspects of the way the estate is managed, especially its strategy of rationalising space, the Public Accounts Committee (PAC) is heavily critical of the BBC’s failure to meet its target of costs capped at 6 percent of licence fee income and the way the costs of some buildings are unacceptably high, including at the revamped Broadcasting House in London (above). According to the PAC, the running cost of the building is significantly more than others in the same area and around three times higher than a UK average. The BBC defended itself, highlighting progress in many parts of its estate and claiming that such comparisons did not stand up to scrutiny.

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November 28, 2014

NHS estate checks in for major surgery of leases and facilities management

by Mark Eltringham • Facilities management, News, Public Sector

The troubled organisation which looks after a £3 billion chunk of the NHS estate is set to launch an extensive review of its enormous portfolio of offices, hospitals, health centres and GP practices. According to a report on commercial property website CoStar, the move comes as NHS Property Services gets to grips with structural problems in the way the estate is managed, not least the fact that over two thirds of its properties do not have documented leases in place, many facilities management services are provided without a contract in place and nobody seems aware of the true cost of running its estate of the thousands of individual sites involved. The health estate has come under mounting scrutiny over the past two years following the setting up of NHS Property Services in April 2013 as part of the Government’s plans to modernise and rationalise the public sector property portfolio.

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November 24, 2014

New report offers occasionally surprising vision of the future of work

by Mark Eltringham • Flexible working, News, Technology, Workplace design

A new report into the future of work from Cisco claims –unsurprisingly – that employers are shifting their workplace policies to accommodate new demands from employees for more flexible working styles, regardless of their demographic cluster. The 2014 Cisco Connected World Technology Report also also claims that the majority of both Generation X and Y professionals already believe that smartphones and wearable devices will be the workforce’s most important communication devices by 2020 – while the laptop will maintain its place as the workplace device of choice. These devices and their attendant software and apps will drive the uptake of flexible working although sixty percent of respondents to the survey still prefer to take notes using a pen and paper. Two of the most intriguing findings of the report are that while just over half of Gen Y professionals think they are more efficient than older workers (roughly in line with the perceptions of older workers themselves) this is way out of step with the impression HR professionals, and the majority of people still believe that the future of work still lies in the office, at least some of the time.