Search Results for: risk

Information overload and FOMO are major risk factors for remote work

Information overload and FOMO are major risk factors for remote work

While remote work has its advantages for most people, a new academic study found that there are at least two under-discussed risks  While the shift to remote work has reportedly brought about numerous benefits for many people, such as increased flexibility and autonomy, a new study published in SAGE Open by researchers from the University of Nottingham claims to reveal significant downsides that are often overlooked. More →

People say hybrid working has reduced their risk of burnout

People say hybrid working has reduced their risk of burnout

new poll claims that the vast majority of workers who have shifted to a hybrid working model say that it has helped them to greatly reduce burnout in their working livesA new poll claims that the vast majority of workers who have shifted to a hybrid working model say that it has helped them to greatly reduce burnout in their working lives. The survey of more than 1,000 people, undertaken by hybrid working firm International Workplace Group, suggests that three quarters (75 percent) reported a dramatic reduction in burnout symptoms, defined as a syndrome resulting from chronic workplaces stress, since moving to a hybrid model. More →

International report calls for collaboration on AI, highlighting both benefits and risks

International report calls for collaboration on AI, highlighting both benefits and risks

A landmark report claims to shed light on the double-edged sword of advanced artificial intelligence (AI)A landmark report claims to shed light on the double-edged sword of advanced artificial intelligence. Backed by over 30 nations, the International Scientific Report on the Safety of Advanced AI paints a picture of a technology brimming with potential benefits, but also fraught with potential risks if safety isn’t prioritized. This first iteration of the report, launched at the AI Safety Summit, fulfils a key commitment set forth during the historic Bletchley Park discussions and the subsequent Bletchley Declaration. More →

Remote work boom creates risk of professional isolation, study finds

Remote work boom creates risk of professional isolation, study finds

Researchers from the US have concluded that remote work can make people feel isolated and at risk of burnoutWhile the pandemic ushered in a wave of remote work with benefits for both employers and employees, a new study warns of a hidden risk: professional isolation. Researchers from Colorado State University found that remote employees experiencing isolation reported feeling less engaged and more depleted at work, potentially leading to burnout. The study published in the Journal of Business and Psychology, surveyed 445 participants across two points in time. It measured professional isolation, schedule flexibility, and the level of support supervisors provided for work-life balance.

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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

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

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

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

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 

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

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

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

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 →