Search Results for: risk

Policy response will determine if opportunities of AI in the workplace outweigh the risks

Policy response will determine if opportunities of AI in the workplace outweigh the risks

by • News, Technology, Workplace

A new OECD report Using AI in the Workplace sets out to sheds light on the multifaceted impact of AI adoption, emphasising both its benefits and potential risksA new OECD report Using AI in the Workplace sets out to sheds light on the multifaceted impact of AI adoption, emphasising both its benefits and potential risks. According to the report, AI can bring significant benefits to the workplace. In the OECD AI surveys of employers and workers, four in five workers say that AI improved their performance at work and three in five say that it increased their enjoyment of work. But the benefits of AI depend on addressing the associated risks. Taking the effect of AI into account, occupations at highest risk of automation account for about 27 percent of employment in OECD countries. More →

Up to 8 million UK jobs already at risk from AI without intervention

Up to 8 million UK jobs already at risk from AI without intervention

by • News, Technology

An analysis of the impact of generative artificial intelligence (AI) on the UK labour market uncovers a ‘distinct sliding doors moment’, with possibilities for huge job disruption in future or significant GDP gains, depending on government policy. The report from think tank the IPPR claims to identify two key stages of generative AI adoption: the first wave, which is here and now, and a second wave in which companies will integrate existing AI technologies further and more deeply into their processes. More →

Millions of people are living with poor air quality, placing their health and lives at risk

Millions of people are living with poor air quality, placing their health and lives at risk

by • Environment, News, Wellbeing

IQAir has published its sixth Annual World Air Quality Report, which reveals troubling details of worldwide pollution in 2023IQAir has published its sixth Annual World Air Quality Report, which reveals troubling details of worldwide pollution in 2023. The report is an annual air quality analysis that tracks worldwide exposure to harmful levels of PM2.5 pollution. The report ranks 134 countries, territories, and regions across 7,748 locations using data from over 30,000 air quality monitoring stations around the globe. More →

UK businesses risk losing out on top female talent due to ability to support hybrid and flexible working

UK businesses risk losing out on top female talent due to ability to support hybrid and flexible working

by • Flexible working, News

Ahead of International Women’s Day, new data from Ricoh Europe claims that UK and Irish businesses risk losing out on top female talent due to an inability to support workplace flexibility, exacerbated by a lack of technology and fit-for-purpose people policy. The research, conducted by Opinium and analysed by CEBR on behalf of Ricoh Europe, polled 1,000 workers and 250 decision-makers across the UK and Ireland. Insights reveal a significant gender gap in the desire for flexibility and hybrid working arrangements. While both genders see benefits, 10 percent more women, over half (51 percent), agree that hybrid working improves their work-life balance, compared with only 39 percent of men. In addition, 40 percent of women actively seek employers offering hybrid models, a higher percentage than men. More →

Financial uncertainty, wellbeing and supply chain disruption revealed as top risk factors 

Financial uncertainty, wellbeing and supply chain disruption revealed as top risk factors 

by • Business, News

Companies across the UK are most concerned about the risk of financial uncertainty (34 percent), employee health and wellbeing (31 percent) and supply chain disruption (23 percent) on their businesses over the next 12 monthsAccording to new research by Marsh, an insurance broker and risk advisor, companies across the UK are most concerned about the impact of financial uncertainty (34 percent), employee health and wellbeing (31 percent) and supply chain disruption (23 percent) on their businesses over the next 12 months. The findings come from Marsh’s UK Business Risk Report 2023 [registration], which features data obtained in May and June 2023 from over 2,100 UK businesses with turnover of between £100,000 and £500 million + per year. Now in its third year, the report explores how circumstances over the last 12 months have impacted the business risk appetite and approach to risk management among UK companies, and identifies their priorities for the year ahead.  More →

Cost of living crisis and other employee concerns are top risk concerns of businesses

Cost of living crisis and other employee concerns are top risk concerns of businesses

by • News, Wellbeing, Workplace

The managers and owners of firms across the UK now believe that the cost of living crisis is the top risk to their business, closely followed by a range of employee related issuesThe managers and owners of firms across the UK now believe that the cost of living crisis is the top risk to their business, closely followed by a range of employee related issues, according to a new poll. Employee related risks in the top five include lack of skilled talent, employee retention and cost of salaries. Despite the cost of materials continuing to rise over the last 12 months, this risk has dropped back from first place in 2022. Risks relating to debts, late payments and fraud all make an appearance in the top ten for the first time. More →

‘People insight deficit’ puts firms’ reputations at risk

‘People insight deficit’ puts firms’ reputations at risk

by • News, Workplace

New research from the CIPD exploring the quality of UK working lives suggests there has been a negative shift in how people think about and value their work. People insightThe CIPD is urging business leaders to have board-level HR representation or input to ensure there is the necessary expertise and ‘people insight’ to develop positive corporate cultures and manage workforce risks such as sexual harassment. This is the unsurprising message in a new report from the CIPD ‘The value of people expertise on corporate boards’. It claims just a quarter (25 percent) of FTSE 350 firms have a board member (both executive and non-executive) with an HR background, while only 2 percent have an HR director as an executive board member. More →

Sluggishness in sustainability risks brain drain for businesses

Sluggishness in sustainability risks brain drain for businesses

by • Environment, News, Workplace

Employers are being urged to shore up their commitments to meeting sustainability and net zero targets or risk an exodus amongst younger workersEmployers are being urged to shore up their commitments to meeting sustainability and net zero targets or risk an exodus amongst younger workers. Nearly half (48 percent) of Gen Z workers agree they would consider leaving a job that didn’t walk the talk in its promises on sustainability. This is according to the latest Bupa Wellbeing Index, a landmark survey that uncovers the state of the nation’s health and wellbeing. More →

Most people now at risk of poor mental health as a result of social exclusion

Most people now at risk of poor mental health as a result of social exclusion

by • News, Wellbeing

More than half of people in the UK have experienced social exclusion in the past year, leading to poor mental health and wellbeingMore than half of people in the UK have experienced social exclusion in the past year, leading to poor mental health and wellbeing, according to a new report from BUPA in partnership with ParalympicsGB. The poll suggests that 58 per cent of British people have felt excluded at some point in the past year – leading them to feel shut out when going about their daily life (28 percent), at work (27 percent) or within society (24 percent). Bupa’s survey also claims that 30 per cent of people have felt a negative impact on their general mental health due to their experience of social exclusion, with many left feeling isolated (41 percent), sad (41 percent) and anxious (33 percent). More →

Automation presents some legal risks you really need to address

Automation presents some legal risks you really need to address

by • Comment, Technology

automation Many think that robots making deliveries, ‘waitering’ in restaurants or working at hospitals is a long way off. However, breakthroughs in robotics, machine learning and other technologies are making automation a reality in many industries. This will accelerate in upcoming years. Indeed, the smart technologies are forecast to add a whopping $15 trillion to the global economy by 2030. Among their many advantages for businesses are increased, faster output and slashed error rates. They also give employees the time to concentrate on people processes, such as sales and marketing or client relationships. More →

A third of workers think their jobs are at risk from automation

A third of workers think their jobs are at risk from automation

by • News, Technology

automationA new poll claims that one in three (37 percent) employees consider their current job to be at risk from automation and digital transformation. HR software provider CIPHR has compiled a list of the occupations that are the most and least likely to be replaced by technology or machines, based on the results of a survey of more than 1,000 UK workers: www.ciphr.com/jobs-at-risk-from-automation. Survey respondents were asked to rate the likelihood that their own occupation could become automated in the future, due to advances in smart technologies, artificial intelligence (AI) and machine learning, and robotics. More →

Climate change risk should be factored in to investment decisions

Climate change risk should be factored in to investment decisions

by • Environment, News

Ahead of mandatory requirements to disclose climate change related risks coming into force in April 2022, the UK Green Building Council (UKGBC) has published a new Framework providing businesses with a consistent methodology for measuring climate-related risks across their built assets, as well as empowering asset owning businesses of all sizes to better understand and plan for the physical risks of climate change. More →

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