July 9, 2019
One-fifth of sole traders in self-employment don’t survive one year, and the majority don’t survive five, according to a new study from the Institute for Fiscal Studies (IFS). The analysis of HMRC tax records by researchers at the IFS was funded by the Office for National Statistics through the Economic Statistics Centre of Excellence (ESCoE) and the Economic and Social Research Council. More →
July 9, 2019
Labour productivity, as measured by output per hour, was down 0.2 percent in Q1 2019, when compared to the same quarter in 2018, according to Office of National Statistic (ONS) figures. These findings make Q1 the third consecutive quarter of contraction for UK productivity.According to the ONS, this sustained period of declining labour productivity represents a continuation of the UK’s ‘productivity puzzle’, with productivity since the economic downturn in 2008 growing more slowly than during the long period prior.
Despite occasional periods of growth, this sustained general pattern contrasts with patterns following previous UK economic downturns, when productivity initially fell, but subsequently recovered and returned to the previous trend rate of growth. However, movements in productivity were found to vary between industries, with the services industry recording labour productivity growth of 0.2 percent, while manufacturing productivity growth reduced by 0.9 percent, compared with the same quarter in the previous year.
July 8, 2019
A report from Moo claims that people are wasting time by waiting for all attendees to arrive at or dial-in to meetings. Engaging in small talk with colleagues and tackling technology followed closely behind. The findings include the claims that nearly half of British workers spend up to ten minutes trying to find a meeting room on average, and around the same number spend up to 15 minutes waiting for other attendees to arrive or dial-in.
July 8, 2019
Demand for flexible office space in Paris is almost double the global average, according to a report by Instant Offices. With demand for office space on the rise in Paris, serviced offices have seen a 26 percent increase while hybrid space has seen a 23 percent increase. While the city ranks fourth globally by the size of supply, Paris is considered to be one of the largest flexible office markets in Europe and ranks among the top 10 best start-up cities in the world. Alongside New York, San Francisco and London, Paris also remains one of the most expensive places to rent a desk. Despite this, demand in the city is on the rise as more large businesses choose flexible offices over conventional leases. More →
July 8, 2019
People feel they’re most creative at 11:05am, according to new research by MPA Group. The survey of 1,000 UK office workers looked into the time of day employees feel most creative, and which working environments best help to stimulate our creativity. Interestingly, the morning was the most creative time across all industries, with the overwhelming majority claiming their best ideas come between 10am and 11.30am. More specifically, across the whole country, the average time for optimum creativity was 11:05am. More →
July 5, 2019
A four day working week could save UK businesses an estimated £104 billion annually, while improving productivity and their environmental performance according to new research from Henley Business School. The research claims that a shorter working week on the same pay could add to businesses’ bottom lines through increased staff productivity and an uplift in staff physical and mental health, whilst also resulting in a cleaner environmental footprint. Henley’s ‘Four Better or Four Worse?’ white paper exploring the issue claims that of those businesses who have already adopted a four day week, nearly two-thirds (64 percent) have reported improvements in staff productivity. More →
July 4, 2019
Global spending on smart cities will reach $189.5 billion in 2023, according to the latest IDC Worldwide Semiannual Smart Cities Spending Guide. The report claims that the main priorities for investment will be resilient energy and infrastructure projects, followed by data-driven public safety and intelligent transport. It suggests that these priority areas will account for more than half of all smart city spending throughout the 2019-2023 forecast period. The guide claims to quantify the expected technology opportunity around initiatives at a regional and global level. More →
July 4, 2019
The number of people doing gig economy work has doubled in the last three years, according to TUC and FEPS-supported research. The survey – carried out by the University of Hertfordshire with fieldwork and data collection by Ipsos MORI – suggests that nearly 1 in 10 (9.6 percent) working-age adults surveyed now work via gig economy platforms at least once a week, compared to around 1 in 20 (4.7 percent) in 2016. More →
July 4, 2019
Research published by Dell claims to highlight the issues related to office design holding back workers’ productivity and the impact this has on UK businesses. While classic gripes like office temperature and loud colleagues take the top spots, poorly designed or implemented technology is having a negative impact on employees – with out of date technology (29 percent), poor Wi-Fi (22 percent) and poorly integrated technology (19 percent) featuring in the top ten factors UK workers feel impact their office lives. More →
July 3, 2019
Freelancers, the self employed and workers in the so-called gig economy may like the flexibility but they would prefer a steady job, according to new research from the Centre for Economic Performance (CEP). The rise of non-traditional work arrangements is not due to workers wanting or demanding these jobs, but rather because they have no other choice the report concludes. What’s more, workers would agree to earn less in order to increase their employment security. The results come from analysis of data from over 4,000 UK and US workers, who were surveyed on their current work arrangements and the job attributes they most want. More →
July 2, 2019
Firms in the FTSE 100 are on track to reach the target of 33 percent of women on boards by 2020 that was set by the Hampton Alexander Review. In its July update, the organisation reports that 27.5 percent of FTSE 250 board positions now held by women, up from 24.9 percent three years ago. The figures suggest that if progress matches the same gains made over the last 3 years, then FTSE 100 companies are on track to meet the 2020 target. Just under a third (32.1 percent) of FTSE 100 board positions are now held by women, up from 12.5 percent in 2011. More →
July 2, 2019
A significant proportion of the global population is concerned about the use of artificial intelligence (AI), with scepticism about its use by business greater than its use by government, a poll published by the World Economic Forum suggests. According to the poll, which surveys the attitudes of over 20,000 people across 27 countries, 41 percent of respondents said that they were worried about the use of AI. This compares to 27 percent that disagreed and 32 percent that were undecided. When asked whether the use of AI by companies should be regulated more strictly than it is today, 48 percent of respondents said they agreed compared to 20 percent that disagreed. More →
