Senior employees being too confident about the value of their ideas could be one reason businesses are failing, according to research by the University of Cologne. The study, conducted by Professor Fabian Sting and a team of interdisciplinary co-authors, highlights how choosing the wrong ideas to pursue can lead businesses to make unwise investments and miss out on opportunities, which could threaten their survival. A large part of the problem, it says, is that the person who comes up with the idea overestimates how successful their innovation will be and views their skill or performance as better than it actually is. (more…)

Many companies are moving away from long-term overseas placements in favour of short-term transfers, a report has suggested. To reduce costs and meet changing business and worker needs, firms are shifting from typical transfers of one to three years to moves of around three to 12 months, KPMG International‘s latest Global Assignment Policies and Practices (GAPP) survey says. Although this shift allows organisations more flexibility, they must implement the necessary processes to remain compliant with immigration and tax rules, the report warns. (more…)

Younger 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…)

More 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…)

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…)

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…)

Against 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…)

A 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…)

New 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…)

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 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…)