Four-day work week pilot

It was confirmed last week that the UK has launched a six-month trial to test out a 4-day work week plan. This pilot requires staff to work in offices 4 days per week, leaving one day to work remotely and earn the same salary. Currently, 30 UK firms are taking part, in hopes of proving that this blended approach of working will boost work productivity and create a better work-life balance.

Will this be a success? Only time will tell.

Google invests in new office space

Google has made plans to invest in more office space in London, after making a deal to purchase the London development, Central Giles. Currently, the tech firm has rented a brightly coloured office, which is located in the centre of the capital. After the purchase, this will allow more room for 10,000 employees in the UK, which is a significant increase from the current 6,400 staff in the country.

Chief financial officer of Google and Alphabet, Ruth Porat has said the decision of making this purchase reflected the company’s “continued commitment to growth and success.” Google has also made plans to follow a hybrid working approach, which will allow staff to work in the office for an average of three days a week.

Unvaccinated Staff

Ocado, Next and Ikea amongst many large companies have announced that they will be cutting sick pay for unvaccinated staff who are self-isolating due to COVID-19. Now, those who have been vaccinated do not need to self-isolate if tested positive. However, for unvaccinated workers, it is a legal requirement to remain in self-isolation for up to 10 days.

As there may be increased rates of infections, this may lead to a high possibility of staff shortages, which will affect several companies

Asos talks about plans for listing

The well-known online fashion store has revealed it may move from the Alternative Investment Market (AIM) market onto the London Stock Exchange. The AIM is a smaller market to the main market and has fewer entry requirements as it is designed for smaller and riskier companies.

After 20 years on the AIM, ASOS hopes this move will increase its overall market capital and achieve its “long-term growth ambition.”

By Rukiyya Shah