New generation prefer technology to face-to-face negotiation

New generation prefer technology to face-to-face negotiation

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Digital negotiationYounger decision makers are increasingly relying on technology such as emails, video conferencing and WhatsApp in negotiations with suppliers, rather than speaking to them face-to-face, new research from Barclaycard Payments has claimed. Despite supplier negotiation being regarded as an ‘art’ by seven in 10, many said it will increasingly be conducted digitally over the next five years (68 percent). More →

HR struggles to develop high-quality leadership talent

HR struggles to develop high-quality leadership talent

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leadershipMore than one-third of HR chiefs are struggling to develop effective senior leaders and only half of 2,800 surveyed leaders believe they are well-equipped to provide the leadership to guide their company in the future, according to a survey by Gartner, Inc. Efforts to tackle the emerging issues of the 2020s and beyond – including public pressure for business transparency, the rise of automation and the creation of never-before-seen jobs – will be fruitless unless HR managers find ways to nurture and retain capable future leaders, the research and advisory company concludes. More →

Business ethics and morality have their limitations, new analysis suggests

Business ethics and morality have their limitations, new analysis suggests

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business ethics

Morality has its limitations in the business domain, according to a new analysis of available research by Dr Hannes Leroy from Rotterdam School of Management (RSM) Erasmus University and his co-authors. This is despite the fact that there is a widespread belief that morality and business ethics matter in the way organisations act, although there is also a concomitant belief that there is a general lack of attention to morality in the world of leadership. This appears to be true regardless of industry, firm size, or the status and level of a leader in a company. More →

Most business leaders think that major firms will continue to globalise

Most business leaders think that major firms will continue to globalise

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In what might be interpreted as a sign of increasing globalisation, a new study from Intertrust amongst the firm’s corporate clients suggests that almost three quarters (72 percent) of business leaders expect to see more companies setting up overseas operations between now and 2024 compared to just 5 percent who believe it will fall. The conclusion is based on a survey of 100 companies ranging from start-ups to mature multinationals about their expansion plans. Over half (56 percent) of respondents said they plan to expand into up to three markets in the next two years with a further 14 percent aiming to break into four to six new countries. More →

Firms know of a link between worker experience and success, but cannot find it

Firms know of a link between worker experience and success, but cannot find it

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worker experienceAgainst a backdrop of Brexit, political turmoil and a global talent war, retaining the best staff to deliver a competitive advantage has become a crucial priority for many UK business leaders – however few know how to create and deliver the best worker experience, according to new research from Kincentric. More →

Migration adds billions to European economies, report claims

Migration adds billions to European economies, report claims

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diversity in hiring can help firms address the skills gapA new study claims that the income from taxation and the benefits of welcoming an educated workforce in EU member states adds up to tens of billions of pounds. According to an analysis by Movinga, the UK gains the most in overall earnings over 10 years with around £20.5 billion, followed by Germany with £16 billion, and France with £10.5 billion. The report claims that the overall earnings and savings from highly skilled migration to the UK over a ten year period in the STEM, Education and Healthcare sectors could cover the annual expenditure of the UK Parliament 37 times over. The overall earnings and savings from highly skilled migration to the UK over a ten year period in the Healthcare sector alone is equivalent to the cost of 37,000 secondary care (emergency) hospital beds per year. More →

The four day week will make management support more important than ever

The four day week will make management support more important than ever

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four day weekWith work collaboration tools like Facebook Workplace growing more common and constant out of hours access to work emails, it is increasingly difficult to distinguish between work and leisure. This lack of separation between the office and home risks creating a situation where we have less time to unwind. So it’s not surprising that the World Health Organisation officially classified burnout as an occupational phenomenon. Rising workloads, limited staff and resources, and consistently long hours are all contributing to half a million people in the UK suffering from work related stress, with 15.4 million working days lost as a result. Business and politics are hoping to buck this negative trend by finding ways of improving people’s work-life balance – most recently by experimenting with a four day week.  More →

Two thirds of bosses say workers don’t like change. Workers disagree.

Two thirds of bosses say workers don’t like change. Workers disagree.

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changeNew research by HR solutions provider People First, part of MHR International, claims that nearly three-quarters of bosses think that their employees do not like change. However, the same research suggests that 1 in 4 employees say that it is in fact their bosses who do not like change and who are holding the business back. Surveying the attitudes of 250 bosses and 250 employees from firms across the UK, the research highlights an interesting disconnect between bosses and their staff when asked about the other’s shortcomings. More →

Freelancer confidence is “lowest on record”

Freelancer confidence is “lowest on record”

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A freelancer using a laptop

Freelancers’ confidence in the economy is the lowest on record because of their concerns about the economy, Brexit and IR35. They are, however, working more and charging higher day rates – seemingly to prepare for hard times ahead.  According to the freelancer Confidence Index by IPSE (the Association of Independent Professionals and the Self-Employed), confidence in the economy has fallen to historic lows both for the coming three months and the coming 12 months. Freelancers’ confidence in their own businesses has also dipped to a record low. More →

UK could receive £83 billion GDP boost by halving regional productivity gap

UK could receive £83 billion GDP boost by halving regional productivity gap

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UK productivityUK GDP could be boosted by 4 percent – or £83 billion – if local areas with below-average productivity levels could make up half of the gap, according to PwC’s latest UK Economic Outlook. The report examines UK regional productivity, revealing wide variations in domestic productivity per job, as well as from an international perspective. PwC concludes that UK output per worker is around 10-15 percent behind Germany, France and Sweden and more than 30 percent behind the US. More →

Over a third of workers already consider themselves entrepreneurs

Over a third of workers already consider themselves entrepreneurs

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startups and entrepreneursForty percent of workers already consider themselves entrepreneurs according to The Myers-Briggs Company research report, Type and entrepreneurship, which investigates the relationship between personality and entrepreneurship in the workplace. The research suggests that entrepreneurial businesses perform better financially, and thus, creating a work environment where employees of all personality types can embrace their entrepreneurial qualities is beneficial to businesses. More →

Gulf between the values of businesses and those of employees

Gulf between the values of businesses and those of employees

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organisational valuesA new study from The Institute of Leadership & Management claims there is a significant gulf between the organisational values held by UK businesses and the personal values of their workers, and highlights the different values considered important to men and women, younger and older workers and between sectors. More →

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