Fri.Aug 30, 2024

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Office Market Woes Lead to Fire Sale in Chicago Loop

Allwork

Allstate sold a 10-story office building located in Chicago’s Loop at millions of dollars below what they had originally purchased the property for, in a loss reflecting the prevailing difficulties in the commercial office market. CoStar reports that the sale at 29 N. Wacker Drive was for just over $11 million, a sizeable loss compared to the $29.7 million the insurance company purchased it for in 2022.

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How Stranded Passengers Navigated the Delta Airlines Debacle After the Global IT Outage

Success

We saved up all year for a vacation on a Delta Skymiles card, charging almost every expenditure to the card to earn enough points. Our plan was to embark on an airplane trip for the first time as a family of seven, and luckily, it was for “free” with said points. Somehow, it sounded easier than a 16-hour drive from Cincinnati to Florida with babies and toddlers—until it wasn’t.

Travel 147
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U.K. Government Takes Another Big Step Towards Four-Day Workweek

Allwork

The U.K. has been one of the nations at the forefront of the four-day workweek movement —consistently engaged in studies and debate exploring its viability — and now the government is positioned to enable workers to request a four-day “compressed” workweek. The Independent reports that a proposed piece of legislation , driven by Deputy Prime Minister Angela Rayner and supported by trade unions, would allow employees to squeeze their regular working hours into four days, instead of five.

Policies 262
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NHS to offer workplace health checks to middle aged staff

Workplace Insight

The NHS is set to launch a comprehensive initiative aimed at preventing heart attacks and strokes by conducting health checks in workplaces across the UK. Over the next six months, more than 130,000 middle-aged employees will be offered free workplace health checks in their places of work. This national drive, known as Health MoTs, is designed to identify individuals at risk of type 2 diabetes or heart disease through a 20-minute evaluation that includes weighing staff and measuring their blood

Health 98
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Mastering Remote Onboarding: Proven Strategies for Seamless New Hire Integration

Speaker: Tim Buteyn, President of ThinkingKap Learning Solutions

Join this brand new webinar with Tim Buteyn to learn how you can master the art of remote onboarding! By the end of this session, you'll understand how to: Craft a Tailored Onboarding Checklist 📝 Develop a comprehensive, customized checklist that ensures every new hire has a smooth transition into your company, no matter where they are in the world.

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Experts Predict Glacial Job Market Growth Until 2033

Allwork

Economists predict the job market growth will slow dramatically over the next decade. According to the latest projections from the Bureau of Labor Statistics (BLS), the workforce is on a path to expand at an annual rate of just 0.4% through 2033. The annual growth rate for the previous 10 years was 1.3%. Bloomberg reports that this anticipated slowdown is largely attributed to technological advancements spread across the workforce — specifically, the rise of e-commerce platforms and artifici

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Yardi Finds 14.8% of U.S. Office Space Could Be Repurposed for Housing

Allwork

Over 1.2 billion square feet of U.S. office space — 14.8% of the total stock — has been identified as strong options for office-to-residential conversion projects. A recent report by real estate software and services firm Yardi supports the expert view that office conversion trends are vastly driven by rising office vacancies and the dire need to repurpose underutilized commercial properties.

2024 241
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Vast majority people on zero hours contracts don’t want to be on zero hours contracts

Workplace Insight

A new poll makes the perhaps obvious point that a significant majority of workers on zero-hours contracts prefer stable, regular working hours. Commissioned by the TUC , the survey found that 84 percent of zero-hours contract workers would prefer consistent work schedules, while only 14 percent are content with their current arrangements. The poll also highlighted the financial difficulties faced by these workers due to underemployment.