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 [...]
City of London plans to convert empty office space into housing April 27, 2021 Empty office space in the City will be converted into housing as part of a wider post-Covid revamp of the Square Mile. The City of London Corporation has outlined plans to convert some of the vacant office space into at least 1,500 new units by 2030. It comes as part of an overhaul of the [...]
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 [...]
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 [...]
Vast Italian market Eataly set to open in the heart of the City April 20, 2021 The Square Mile will soon be home to vast Italian market Eataly, which has already seen success in cities including New York, Boston, Los Angeles and Chicago. Broadgate Market, London’s largest pedestrianised neighbourhood, will host the 42,000 sq ft venture, which will include take-away, retail, and terrace dining. Eataly is slated to open on 29 [...]
HSBC scraps executive floor in Canary Wharf in favour of hot-desking April 19, 2021 HSBC has scrapped the entire executive floor at its Canary Wharf headquarters in the latest change to its post-pandemic working practices. The 42nd floor, which was previously home to executives, will be used for client meeting rooms and collaborative spaces while top managers will hot desk on the open-plan 40th floor. “Our offices were empty [...]
Rail firms to launch flexible season tickets to lure commuters back to city centres April 16, 2021 Ministers and rail chiefs are finalising a new system of flexible season tickets designed to entice commuters back to city centres as the shift to hybrid working takes off. Cost concerns mean the discounts will be much less generous than for traditional season tickets, to spare the taxpayer from further expenses, the Telegraph has revealed. [...]