Short term spike in absence rates but long term trend remains downward

Short term spike in absence rates but long term trend remains downward

by • News, Wellbeing, Workplace

absenceAbsence rates dues to illness or injury for UK workers rose by 7 percent in 2018 to an average of 4.4 working days according to new figures, published by the Office for National Statistics. During the full year, people took 141.4 million sick days compared with 131.5 million in 2017, when the figure reached its lowest since records began. The long term trend remains positive despite last year’s spike.The rate of absence from work due to sickness in people in the UK with no long-term health problems has halved in the past two decades according to the government data. More →

Real estate set to remain an attractive investment despite challenging environment

Real estate set to remain an attractive investment despite challenging environment

by • Cities, News, Property

ULI PWC real estate reportEurope’s property leaders continue to have faith in real estate as an attractive option for investments, despite a number of significant political and economic challenges, according to the latest Emerging Trends in Real Estate Europe 2020 report. With interest rates set to stay lower for longer and bond yields in many European countries in negative territory, real estate income retains its broad appeal to investors, especially in comparison to other asset classes. Equity and debt are expected to remain plentiful for most real estate sectors. The report, published annually by the Urban Land Institute (ULI) and PwC, is based on the opinions of over 900 real estate professionals across Europe, including investors, developers, lenders, and advisers. More →

Open plan offices might improve performance of high status workers

Open plan offices might improve performance of high status workers

by • Flexible working, News, Workplace design

open plan working at the Epicenter Coworking Space in StockholmManagers may believe their star performers don’t need monitoring when working on a team and may reason that leaving the most high status workers alone in their efforts frees up more time to work closely with other team members. But research coauthored by Sebastien Brion of IESE Business School and published in Management Science Journal claims that this may be a mistake and so counterproductive and that the performance of high status workers might improve with greater visibility including that offered by open plan offices. More →

People game hiring processes they know are carried out by an AI

People game hiring processes they know are carried out by an AI

by • Automation, News, Workplace

people try game AI in hiring processNew research into job-seeker attitudes to digitisation, automation and AI in the recruitment process claims to reveal how job-seekers are cheating recruitment technology platforms, to better their chances of landing a job. Seven in ten (67 percent) job seekers admitted to deliberately using optimisation strategies to improve their chances of getting a job. The study, Hiring Humans vs. Recruitment Robots, from recruitment software provider TribePad canvassed the views of over 1,000 employees and job seekers in the UK. The report’s key claim is that, as technology continues to permeate the recruitment and HR industry, job-seekers are looking for ways to game the systems. More →

Cyber security remains a key tech priority for businesses

Cyber security remains a key tech priority for businesses

by • News, Technology

cyber securityOrganisations are prioritising investment in cyber security to strengthen their defences against their perceptions of a growing threat, according to a new survey of its customers to gauge their technological priorities by Softcat. According to a BBC report, 55 percent of UK firms have experienced a cyber-attack in 2019, up 15 percent compared to last year, signifying a growing threat so their fears may be well-founded. Softcat’s survey claims that 83 percent of industries ranking cyber security as their biggest technology priority for the year ahead. More →

Over half of employers are ignorant of the Good Work Plan

Over half of employers are ignorant of the Good Work Plan

by • Legal news, News

good workIn five months’ time, employers will have to adhere to new employment laws proposed in the government’s Good Work Plan. However, the majority of UK businesses are completely unaware that these laws are due to come into effect. A survey by Citation, conducted via OnePoll, has found that 59 percent of British employers do not even know about the Good Work Plan, which proposes a variety of law changes that will come into effect in April 2020. More →

World Economic Forum announces major circular economy initiative

World Economic Forum announces major circular economy initiative

by • Environment, News

earth and the circular economyThe World Economic Forum is creating a new partnership which it claims will harness the potential of technology innovation and smart policy to fast-track the circular economy. WEF claims that SCALE 360 will collaborate with government, business, civil society and entrepreneurs around the world to find bright new ideas that will help us cut the waste in the world’s economies. It defines a circular economy as a regenerative approach to production and consumption, in which products and materials are redesigned, recovered and reused to reduce environmental impacts. Research shows that this transition could generate $4.5 trillion in additional economic output by 2030. More →

HR leaders feel unprepared for the future of work

HR leaders feel unprepared for the future of work

by • News, Technology, Workplace

Gartner and the future of workOnly 9 percent of chief human resources officers (CHROs) agree that their organisation is prepared for the future of work, according to a new report from Gartner. The study ties in to Gartner Gartner ReimagineHR conference, which took place last week. It concludes that to address the needs of organisations and workers in the future, HR leaders must focus on five areas of work. It suggests that tackling the future of work should not mean looking at the various changing aspects of work, such as AI, the gig economy and the multigenerational workforce, in silos. Istead, HR leaders should focus on the big picture of what the future of work can and should look like in their organisation. More →

Four-fifths of British employees continue to work when sick

by • News, Wellbeing

A new study conducted by Love Energy Savings claims that more than 80 percent of British employees still continue to work when they are ill or sick. Love Energy Savings investigated which groups were most likely to continue to work when ill, with less than one-fifth of British workers (17 percent) admitting to taking sick days when they’re ill. And there is a widening margin when it comes to age groups.

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Four day week at Microsoft Japan boosts productivity by 40 percent

Four day week at Microsoft Japan boosts productivity by 40 percent

by • Flexible working, News, Technology

Microsoft Surface Hub and the four day weekMicrosoft Japan has announced the results of its four day work week trial, and claims the move increased productivity by almost 40 percent. The trial of the four day week, named the “Work-Life Choice Challenge Summer 2019” saw around 2,300 employees given five successive Fridays off, with no reduction in salary and no days taken from annual leave. The project also included an offer of subsidised holidays and further education opportunities. Microsoft claims that the increase in productivity was largely attributable to shorter and more efficient meetings. More →

Brexit continues to dampen UK commercial property market

Brexit continues to dampen UK commercial property market

by • News, Property

Brexit continues to affect the UK commercial property marketThe Brexit impasse is contributing to perceptions that the UK Commercial Property Market is in the downturn phase of the property cycle, according to the Q3 2019 RICS UK Commercial Property Market Survey. The latest results suggest that the highest proportion of respondents sensing the overall market is in the downturn phase of the property cycle since the series began in 2015 (+62 percent up from +53 percent in Q2), with anecdotal evidence suggesting that Brexit is having an increasingly detrimental impact on market activity. More →

Over fifties are driving the rise of self employment

Over fifties are driving the rise of self employment

by • News

over fifties and self-employmentMillions of older workers are joining and benefiting from the freelance sector, new research from IPSE (the Association of Independent Professionals and the Self-Employed) claims. IPSE’s research suggests there are now almost two million (1,907,000) self-employed people over the age of 50 in the UK: a number that has increased by 58.5 per cent in the last ten years. The growth is even bigger among highly skilled freelancers. Today, there are almost a million (950,000) highly skilled freelancers in the UK: a number that has risen by 68.2 per cent in the last ten years. More →

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