December 6, 2019

Employers still not fully embracing flexible working

by Neil Franklin • Flexible working, News

Employers aren’t doing enough to help their employees to work flexibly, according to a survey by Tiger Recruitment, which has found that a third of UK workers questioned (32 percent) aren’t happy with the flexible working options available to them. The study of over 2,000 employees claims that only a third have the option of home or remote working – a seven percentage point drop since last year – while only one in five (22 percent) are offered the option of flexi-time, and even fewer have access to informal flexibility (19 percent) or the opportunity to go part-time (18 percent). More →

December 4, 2019

Migration adds billions to European economies, report claims

by Neil Franklin • Business, News

A new study claims that the income from taxation and the benefits of welcoming an educated workforce in EU member states adds up to tens of billions of pounds. According to an analysis by Movinga, the UK gains the most in overall earnings over 10 years with around £20.5 billion, followed by Germany with £16 billion, and France with £10.5 billion. The report claims that the overall earnings and savings from highly skilled migration to the UK over a ten year period in the STEM, Education and Healthcare sectors could cover the annual expenditure of the UK Parliament 37 times over. The overall earnings and savings from highly skilled migration to the UK over a ten year period in the Healthcare sector alone is equivalent to the cost of 37,000 secondary care (emergency) hospital beds per year. More →

December 4, 2019

A quarter of workers would accept a significant pay cut to work in an eco-friendly role

by Neil Franklin • News

Rising interest in climate change among the UK population has now reached such a level that our desire to take action is impacting our careers – with over a quarter of workers (26 percent) willing to take a salary cut in order to move to an environmentally conscious company or an NGO (non-governmental organisation), according to a new survey from TotalJobs. An additional 28 percent said they would consider quitting their job to work with for an organisation they considered to be more environmentally friendly than their current one, a figure that jumps to 50 percent when applied to millennial workers, aged between 23 and 38. More →

December 2, 2019

What you need to know about paying wages in cryptocurrency

by Freddie Steele • Company news, Promotion

Not all of your employees will prefer to have their hard work rewarded with often volatile cryptocurrencies. However, for those already investing in it, having some or all of their salary given as a digital currency may be more appealing and convenient. Below you can find the details of what you will need, some examples of people already doing it and the obstacles you will face.

To make paying your employees a reality, both you and your workers will need to have some additional things. The first is everyone will need a secure wallet to pay the cryptocurrency in. Making sure the best wallets are chosen is vital because there is no backup to the funds stored in them like there is at a conventional bank. Anyone considering their options should not forget to check out the Luno Bitcoin wallet with exceptional safety and stellar reviews.

The other help you will need as a business is a dedicated team of bookkeepers who know how to track payments in Bitcoin – more on that shortly.

Companies already paying in Bitcoin

There are some firms already making the leap to paying employees in cryptocurrency. Notably, a Japanese firm has started using Bitcoin to pay staff. At the moment, this is rare as most firms find the process difficult due to some legalities and taxation issues.

Another way people have been getting paid in cryptocurrency is through freelancing work via apps. There are many apps on the market that will pay freelance workers to complete projects in exchange for Bitcoin and alike. Earn.com is one of the most established, but many similar apps are available.

Legalities and tax

One of the reasons that some of the most trendy fintech startups are not paying in crypto as of yet is because it is an overly complex procedure. For some, it is just not possible as it is against the law to do so, including in many South American and Asian countries. Even in those that do not make it illegal, the taxation and invoicing practicalities of doing so put them off.

For example, in the USA you can legally pay in crypto, but all forms need to show values in US dollars and sophisticated and specialist accountants and bookkeepers would be required, which adds to business expenses.

Will the rules change?

It is possible that as cryptocurrencies become even more mainstream and accepted – as well as regulations are implemented upon them – the idea of paying in crypto will become not only legal, but more feasible. That day may come, but the wait until it is easy to do may be long.

For now, employees may be better swapping their fiat salaries for crypto with a trusted exchange platform and a reliable wallet.

Image by Icons8_team

December 2, 2019

Wellbeing risks remain for majority of inactive workers

by Neil Franklin • News

The vast majority (84 percent) of British workers are failing to achieve the necessary amount of physical activity recommended by the NHS to maintain their health and wellbeing. That is according to the third Wellbeing Index Report from health and wellbeing provider, Westfield Health. The quarterly analysis focuses on the negative impact of desk jobs: over a quarter (26 per cent) spend a dangerous nine hours or more sat down; 65 per cent say they quite or very often sit continuously for one hour or more, clocking up an average of seven hours and two minutes every day. More →

November 21, 2019

A side hustle the only way for many young people to make ends meet

by Neil Franklin • Flexible working, News

Britain’s graduate debt crisis means that nearly half of current students and recent graduates (42 percent) have taken up a so-called side hustle or joined the gig economy, in order to combat debt, afford rent and the rising cost of living. One in five (22 percent) also cited having two additional jobs, with the next generation of workers concerned about the overwhelming cost of living. More →

November 11, 2019

Brexit uncertainty yet to affect UK jobs market

by Neil Franklin • Business, News

More news on the patchy effects of Brexit on the UK economy comes in the latest Labour Market Outlook from the CIPD. The report claims that Brexit uncertainty has yet to take its toll on employers’ hiring expectations, with both public and private sector employers expecting staff numbers to increase in the final quarter of 2019. There has been a surge of confidence among public sector employers on increasing both pay and staff numbers in the next quarter. Although still positive, private sector pay award expectations have decreased, narrowing the gap between the public and private sector. The forward-looking indicator surveyed 1,016 UK employers in September 2019 on their recruitment, redundancy and pay intentions. More →

November 4, 2019

Four day week at Microsoft Japan boosts productivity by 40 percent

by Neil Franklin • Flexible working, News, Technology

Microsoft Japan has announced the results of its four day work week trial, and claims the move increased productivity by almost 40 percent. The trial of the four day week, named the “Work-Life Choice Challenge Summer 2019” saw around 2,300 employees given five successive Fridays off, with no reduction in salary and no days taken from annual leave. The project also included an offer of subsidised holidays and further education opportunities. Microsoft claims that the increase in productivity was largely attributable to shorter and more efficient meetings. More →

October 10, 2019

Gallup survey concludes that work is mostly harmless

by Mark Eltringham • News, Wellbeing

When asked about thirteen specific aspects of their jobs in a new Gallup study (download), U.S. workers reported that they are most satisfied with their physical safety in the workplace, their relations with coworkers, the flexibility of their hours and their job security. At the same time, they are least satisfied with work related stress, the retirement plans offered and the money they earn. More →

October 7, 2019

People switch their focus to work life balance at age 45

by Neil Franklin • News, Wellbeing

More than three in five UK adults (61 percent) favour work life balance over a high salary, according to a new study from Hitachi Personal Finance. The report also claims that it is those aged 45 and upwards who are most likely to seek out a better overall quality of life at the expense of other job priorities, with 82 percent of workers aged over 45 saying they would always opt for a better life balance over a high salary, given the choice, compared with 49 percent of under 45s. More →

October 2, 2019

Workplace perks peak as workers see them mainly as gimmicks

by Neil Franklin • Flexible working, News, Wellbeing, Workplace

New research from travel app provider Seatfrog claims that workers are looking for more than just fun or unusual workplace perks to brag about to their friends when starting a job. While on-site table tennis, a free bar and unlimited snacks has become commonplace in the war to attract talent, especially in the technology sector, around three in five of the 2,000 people surveyed dismiss perks as nothing short of a gimmick. More →

September 26, 2019

Striking the balance between the office and remote work

by Arran Stewart • Comment, Flexible working, Wellbeing

Once upon a time the concept of ‘remote working’ beyond outsourced contractors was almost unheard of. Employers viewed remote work as an opportunity for workers to be less productive, out of contact and generally more inefficient. As an employer myself, I would have agreed with these misconceptions early on in my career. However, after many years of hiring staff that either work part- or even full-time remotely, I can confidently say the myths are unfounded; even I am now more prone to remote working. More →