Exclusive: Remote working is just as effective, but it can hurt pay and promotion, HR execs warn April 27, 2021 As the City is gradually coming out of lockdown, a range of large companies and financial institutions announced in recent weeks that hybrid working is here to stay. HSBC became the latest big financial services firm to confirm it is making some sweeping structural changes to its working pattern as it adjusts to the post-pandemic [...]
Government task force to examine hybrid working post-pandemic April 27, 2021 Ministers have formed a task force to draw up advice on flexible working, as Covid-19 restrictions ease and attention turns to the role of the office post-pandemic. Twenty business groups and trade unions will meet today to begin a review of hybrid working, the Times first reported. The group will be asked to consider how [...]
Pandemic-resilient companies employ higher-paid, higher educated staff April 26, 2021 Companies that coped better through the pandemic were more likely to employ people who were paid better, had higher education and were born in Poland or India. Figures from the Office for National Statistics (ONS) found that workers in industries classed as “resilient” to the pandemic were paid £628.89 per week on average, compared with [...]
The office is not dead – far from it, say City insiders April 26, 2021 As the economy starts to reopen, the City is slowly coming back to life. A range of banks and Square Mile-based firms have started to formalise work from home policies and implemented flexible working arrangements. Businesses in every sector have been debating concepts of what the post-Covid office could look like with pessimists doubting its [...]
97 per cent of office workers want a work from home arrangement post-pandemic April 26, 2021 Nearly all employees who are currently working from home prefer to keep doing just that, even when offices are open. According to a survey conducted by Nyenrode Business University, Open University and Moneypenny, 97 per cent of all office workers wants to maintain a work-from-home mode, with 9 per cent preferring to work from home [...]
Side-hustle: One in five freelancers have another job alongside April 26, 2021 Nearly one in five freelancers are self-employed as a side-gig alongside an employee position, according to new research from a freelance jobs marketplace. Freelancing was the ticket out to a higher income during multiple lockdowns for many in the UK, PeoplePerHour found, as more people have turned to freelancing alongside employee jobs during the pandemic. “There [...]
Older workers in worst job market ‘since 1980s’ April 26, 2021 The Covid-19 pandemic has pushed the largest annual employment fall for older workers since the 1980s, according to a report published today. Older and younger workers have been heavily knocked by the pandemic job market, which has seen a U-shaped employment shock. “While the youngest workers have been hardest hit by the crisis, older workers [...]
Fear for the office emerges as Covid sufferers are reluctant to return April 23, 2021 More than a year after the first Covid-19 lockdown, a new trend is emerging among Brits who have been working from home, a genuine fear for the office, according to a new study shared with City A.M. Amongst Brits that now work from home, this trend is more prevalent among those who previously tested positive [...]
Accept working from home as the new normal, insurance industry told April 21, 2021 Millions of people might find their insurance policies do not cover them for work-related accidents that take place at home as lockdown eases across the UK, and this is wrong, an insurer has stated. Until recently, insurers had to apply home and contents policies to home workers and the self-employed as the country was being [...]
Suits you, sir: can bespoke tailoring survive the pandemic? April 20, 2021 One of the dominant themes to emerge as we fight our way out of the Covid pandemic is what the future of the workplace might look like. Will employees still feel safe congregating together to share that quicksilver creative spark? Will businesses reduce their footprint and have teams at home two or three days a [...]