Search Results for: workplace

August 9, 2016

Time to address ‘shocking disconnect’ between boardroom and staff pay ⁰

As the new prime minister Theresa May has already indicated in her tenure, the growing gap between rewards for those at the top of organisations and everyone else is hard to justify at a time when economic uncertainty is intense and corporate performance mixed. So it’s shocking to learn that the average FTSE 100 CEO earns 129 times more than the firm’s employees, receiving around £5.5 million a year, up from £4.96 million in 2014. According to the annual survey of FTSE100 CEO remuneration packages by the High Pay Centre, rewards at the top continue to grow at a double digit rate, with the most highly paid being part of an all-boys club. No woman has made it into the top ten in either of the last two years. And in contrast to the generous packages awarded to their executives, only a quarter of the 100 FTSE 100 companies are accredited by the Living Wage Foundation for paying the living wage to all their UK-based staff.

(more…)

August 8, 2016

Universal basic income is an idea whose time has come at last ⁰

by Mark Eltringham • Comment, Flexible working, Technology, Wellbeing

It is no longer a question of whether one of the world’s major economies will introduce a universal basic income for all of its citizens, but when. Over the weekend, the leader of the UK’s Labour Party Jeremy Corbyn announced in an interview in the Huffington Post that he was ‘instinctively looking’ at an idea that is already being discussed and piloted in Switzerland, the Netherlands, Norway and Canada. Corbyn may be one of the current glut of what would have once been political outliers in the Western World, but the idea of a universal basic income is one that is increasingly accepted in mainstream economic thinking. The RSA continues to campaign for it and has even put a number on it, suggesting that every UK citizen should be offered £308 between the ages of 25 and 65. Andrew Flowers offers up a masterful and detailed analysis of the economic and political issues involved in this piece on fivethirtyeight.com.

(more…)

August 8, 2016

Small business owners are sacrificing their physical and mental health ⁰

by Mark Eltringham • Flexible working, News, Wellbeing

Small business owners are working thirteen hours a week more than the UK average, negatively impacting the health of nearly a third (28 percent) of them, according to a survey commissioned by business marketplace Bizdaq. According to the Small Business Wellbeing Report, owner /managers typically work an additional 13 hours per week above the national UK average of 37 hours. Mental health is a particular concern with the reports suggesting that 660,000 owners nationwide are currently experiencing a negative impact on their mental health due to the pressures of running their business. The report also suggests that 566,000 small business owners nationwide have not taken a holiday since they started their business. The report also reveals that there is both a regional and demographic split in attitudes. Perhaps most surprisingly, younger business owners tend to be more optimistic despite current challenges including Brexit.

(more…)

August 6, 2016

HR analytics has the potential to stem the silver brain drain ⁰

by Matt Henderson • Comment, Technology, Workplace

We’re operating in an increasingly tech-centric environment, but human talent still remains one of the core differentiators if a business is to thrive. Not surprisingly, the mission to get the very best people on board and optimise the potential of those already in situ has become the Holy Grail for many companies, irrespective of scale and sector – a challenge that demands a more intuitive and precise, even scientific approach to human capital management. Data analytics is a case in point, designed to extrapolate insight from intelligence across a variety of disparate sources and establish actionable intelligence, capabilities which naturally lend themselves to powering key decisions around hiring and retention and building on existing talent. Yet despite the proliferation of analytics across many strands of the workplace, take up in the HR sphere remains relatively modest, in tandem with a long-held reticence over the use of the technology in this area.

(more…)

August 6, 2016

Connectivity creep + Appeal of open plan + Tech and real estate ⁰

by Sara Bean • Facilities management, Flexible working, Newsletter, Property, Technology, Workplace

In this week’s Newsletter; Antony Slumbers looks at the impact of technology on corporate real estate; and Mark Eltringham describes a precursor of the scientific management theories of Frederick Taylor that continues to influence open plan design. We report on the impact Smart Cities can have on energy management; why people are opting for a ‘digital detox’; and how workers are turning their backs on the traditional 9-5 day. A new report says CRE must deliver greater value in a dynamic business environment; one in five workers miss sleep over work worries; and despite hitting an all time high, Brexit uncertainty still permeates the UK’s commercial property market. We also list the seven workplace stories you should read this week. Download our new Briefing, produced in partnership with Boss Design on the link between culture and workplace strategy and design; visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

August 5, 2016

Corporate real estate sector needs to step up to meet new challenges ⁰

by Mark Eltringham • Knowledge, News, Property, Workplace design

The corporate real estate profession will be influenced, disrupted and transformed in the years ahead by a powerful combination of forces that are re-shaping business strategy and operations, consumer preferences, and how and where people want to live and work, according to a new report from CoreNet Global. The Bigger Picture: The Future of Corporate Real Estate draws on the expertise of more than 30 thought leaders to provide insights from multiple perspectives beyond CRE: technology and the internet of things; risk mitigation; cyber security; environment, energy and sustainability; corporate social responsibility; the global economy; people, talent, wellbeing; and the future of cities. The report argues that CRE must deliver greater value in this dynamic business environment and a world that is changing rapidly, is more interconnected than ever before, is constantly disrupted by technological innovation, and is replete with both risks and opportunities.

(more…)

August 5, 2016

UK commercial property market hits record high but Brexit uncertainty lingers ⁰

by Mark Eltringham • Cities, News, Property

The UK commercial property sector is now larger than at any time since before the last recession, claims a new analysis from the Investment Property Forum. It has risen nearly 50 percent since its lowest point in 2009 and is now valued at £871 billion, an increase of around 11 percent. The amount of stock actually shrank last year, according to the study, with the increase in overall value arising from price rises. The previous highest valuation the IPF puts on the market was £865 billion in 2006. All is not good news however as a second report from the same organisation which explores sentiment in the market following the Brexit vote confirms there is a great deal of uncertainty in the market. This is particularly acute in the London market which makes up over a third of the nation’s total and is increasingly dominated by foreign owners who may have a negative response to the UK’s vote to leave the EU. Intriguingly, the report found that total floorspace marginally declined over 2015 and has only increased by 0.9 percent since the market high of 2006.

August 5, 2016

Lack of perks leaves workers feeling less trusted and appreciated ⁰

by Sara Bean • Facilities management, Flexible working, News, Wellbeing, Workplace

Businesses are failing to provide the perks that can help employee productivity and motivation during the summer months, claims a new survey by Peldon Rose. It also suggests that workers feel less trusted and appreciated by their companies. The report argues that during the summer months, businesses can find motivation slows as employees are distracted by seasonal events and count down the days until their holiday. Those companies found to offer summer perks to help boost morale and wellbeing, summer hours (47 percent), casual dress (37 percent) and ice cream rounds (31 percent) were the most popular, indicating that these benefits are the most highly valued by workers. However, 86 percent of respondents said that their company does not offer any such perks, with the result that many employers are missing an opportunity to make employees feel appreciated and boost happiness and morale in the summer months.

(more…)

August 4, 2016

Connectivity creep is driving more people to switch off their devices ⁰

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

Fifteen million UK internet users have undertaken a ‘digital detox’ in a bid to strike a healthier balance between technology and life beyond the screen, according to a new Ofcom study. The study of around 2,500 people suggests that our reliance on the internet is affecting people’s personal and working lives, leading many to seek time away from the web to spend time with friends and family. Ofcom’s Communications Market Report 2016 finds that one in three adult internet users (34 percent), equivalent to 15 million people in the UK, has sought a period of time offline, with one in ten (11 percent) doing so in the last week alone. Of these digital down-timers, 25 percent spent up to a day internet-free; 20 percent took up to a week off; and 5 percent went web-free for up to a whole month. The most common reasons for taking a time out were to spend more time doing other things (cited by 44 percent) and more time talking to friends and family (38 percent).

(more…)

August 4, 2016

Office workers spend half their average week working remotely ⁰

by Sara Bean • Facilities management, Flexible working, Wellbeing, Workplace

New research suggests that UK workers are overwhelmingly turning their back on the standard 9-5 office life with 72 percent agreeing that it’s not relevant for the 21st century. Working remotely and flexibly makes them more effective in their job said 82 percent of respondents to the TeamViewer report ‘The End of Nine-to-Five’ with 73 percent agreeing that having the ability to work flexibly makes them feel more valued and 82 percent that all employees should be offered flexible working hours without it affecting their career. With 79 percent of people rating work-life balance as more important than salary, the report suggests it is critical for businesses to ensure they are offering more than just monetary incentives, as almost half (49 percent) say that flexible working hours would be the most important factor to them when looking for a new job. According to the survey, UK office workers are already spending on average 2.5 days, half of their week, working remotely.

(more…)

August 4, 2016

Employers doing little to alleviate employees’ job fears over Brexit ⁰

by Sara Bean • News, Wellbeing, Workplace

A majority of employers won’t delay hiring for roles (54 percent) due to Brexit, yet nearly half (48 percent) of jobseekers are concerned about finding a job post the Referendum, new research claims. The survey of both employers and candidates conducted by totaljobs following the EU Referendum, reveals that 44 percent of all candidates believe there will be more competition for jobs following the Brexit vote, while 28 percent say that Brexit has already had an impact on their job search. Nearly a fifth (19 percent) have become less selective about the jobs they apply for, compared with 16 percent who are now more selective. Of those currently employed, 34 percent are worried about their job security as a result of Brexit, whilst half (52 percent) are not concerned. Unfortunately, many employers have not yet taken steps to ease employees’ concerns, as almost three-quarters (72 percent) of employees say they have not been spoken to by their employer about the impact of Brexit.

(more…)

August 3, 2016

Career worries lead one in five workers to miss sleep on a regular basis ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

UK workers are losing sleep because of work problems and women in particular are not seeking advice on challenges at work for fear of being labelled as a pest, claims a new study of 2,000 people by app provider rungway. One in five (20 percent) of the women polled fear they will be considered a pest if they ask for advice on workplace and career issues compared to just 14 percent of males. Among UK workers, almost half (49 percent) said they never look for guidance on workplace and career issues. Yet, almost one in five (19 percent) said that work issues affect their sleep on a weekly basis. One in 10 feel like they have no one to talk to about work problems or that no one would understand their work issue. Age also plays a part, with workers over 55 least likely to look for guidance on workplace issues – while younger workers are most concerned about bothering others with their career questions.

(more…)