AI may boost productivity, but we are already becoming reliant on it, and that’s a problem

AI may boost productivity, but we are already becoming reliant on it, and that’s a problem

by • AI, News, Technology, Workplace

A Stanford report says that as AI continues to develop, navigating its benefits and potential drawbacks will be crucial.Just ten years ago, AI systems couldn’t even classify images as well as humans. Now, they’re routinely outperforming people on a range of tasks, according to a new report from the Stanford Institute for Human-Centered Artificial Intelligence (HAI). The 2024 AI Index is the latest update to the annual analysis of trends in artificial intelligence. Led by a team of experts from academia and industry, it’s one of the most in-depth reports on the technology and its impact available. This year’s edition tracks research, development, technical performance, responsible practices, economics, policy, public opinion, and more. More →

Older people less keen on early retirement than younger generations

Older people less keen on early retirement than younger generations

by • News, Workplace

Early retirement is a specific life goal for 65 percent of working-age adults around the world, with 70 percent of Gen Z employees (the highest proportion of any generation) actively working towards this aspirational goal. This compares to just 51 percent of the over 55s.Early retirement is a specific life goal for 65 percent of working-age adults around the world, with 70 percent of Gen Z employees (the highest proportion of any generation) actively working towards this aspirational goal. This compares to just 51 percent of the over 55s. The findings appear in a new study, commissioned by nudge Global, into the financial wellbeing of 11,577 working-age adults from 17 countries around the world. More →

Focussing on people means business transformation is far more likely to succeed

Focussing on people means business transformation is far more likely to succeed

by • News, Workplace

A new study from EY and Saïd Business School study suggests that leaders prioritising a human-centred approach to transformation turning points are up to up to twelve times more successful.  The EY organisation’s latest research with Saïd Business School, at the University of Oxford, reveals new insights into what happens when a transformation program’s leadership believes a transformation has or will go off-course and intervenes with the intent of improving its performance (turning points). More →

Majority of people feel confident in their ability to adapt to era of AI

Majority of people feel confident in their ability to adapt to era of AI

by • AI, News, Technology, Workplace

Following yesterday’s news about the fears CEOs harbour with the advent of AI in the workplace, a new poll from Indeed suggests that nearly 9 in 10 UK workers (89 percent) feel confident in their ability to adapt to change over the next five years. According to the survey, nearly two-thirds (63 percent) feel the skills needed for their role will change in the next five years, with 15 percent expecting significant changes. More →

Being furloughed affected people’s sense of time and relationship with work

Being furloughed affected people’s sense of time and relationship with work

by • Features, Flexible working, Wellbeing, Workplace

Between March 2020 and September 2021, millions of workers furloughed under the UK government’s Coronavirus Job Retention Scheme lived what for many of us is a dream: being paid not to work. Through interviews, I’ve researched the impact of this time on 35 people who were furloughed under the scheme. I found that for some, furlough created opportunities for reflection and growth, but for most of my interviewees it was a time of uncertainty and disorientation. More →

It’s vital employers understand the new EHRC guidelines on menopause 

It’s vital employers understand the new EHRC guidelines on menopause 

by • Company news, Wellbeing, Workplace

Having a sound understanding of both menopause and perimenopause in the workplace has therefore become vital for employersRecent guidelines issued by the Equality and Human Rights Commission (EHRC) aim to simplify employers’ legal obligations to support workers going through menopause. A growing topic of conversation in the workplace and beyond, menopause has become increasingly recognised in employment guidance. More →

People who work from home are less likely to get pay rises and promotions

People who work from home are less likely to get pay rises and promotions

by • Flexible working, News, Workplace

People who work from home all or part of the time are less likely to get pay rises and promotions, a new study of outcomes from hybrid working suggestsPeople who work from home all or part of the time are less likely to get pay rises and promotions, a new study of outcomes from hybrid working suggests. The survey of 937 UK managers found that they were 11 percent less likely to give a promotion to staff who worked entirely from home than to those who were completely office-based. Hybrid workers – those working partly in the office and partly at home – were on average 7 percent less likely to be promoted. More →

Business leaders and employees are not on the same page when it comes to productivity

Business leaders and employees are not on the same page when it comes to productivity

by • News, Workplace

there are significant disconnects between how organisational leaders and their employees and managers view their ability to perform optimally to maximise productivityA new poll of 2,000 people suggests that while 90 percent of business leaders think their performance management process is a success, only 55 percent of employees agree with them. According to the State of Performance Enablement report from Betterworks, there are significant disconnects between how organisational leaders and their employees and managers view their ability to perform optimally and maximise productivity. More →

AI can help people deal with burnout, say HR managers

AI can help people deal with burnout, say HR managers

by • News, Wellbeing, Workplace

A new report from Sage claims that HR professionals now welcome AI to ease the burden of admin jobs, take away time consuming tasks, and, ultimately, ease burnoutA new report from Sage claims that HR professionals now welcome AI to ease the burden of admin jobs, take away time consuming tasks, and, ultimately, ease burnout. The annual report, titled ‘The Changing Face of HR’ [registration], surveyed over 1,000 HR leaders across a range of sectors and countries, finding that 77 percent believe AI has the potential to revolutionise ways of working within their company. With 95 percent of respondents reporting an increase in their workload over the past year and 91 percent seeing an increase in more responsibilities in their role. HR leaders in the UK are particularly strained with workloads, with respondents twice as likely to work over 45 hours per week compared to before the pandemic, the report claims. More →

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 • AI, 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 →

All you need to know about the changes in employment law from 6 April 2024

All you need to know about the changes in employment law from 6 April 2024

by • Comment, Legal news, Workplace

There are a number of employment law changes coming into effect on 6 April 2024 that will impact SMEs the most. These modifications to employment law will profoundly influence the daily functions of businessesThere are a number of employment law changes coming into effect on 6 April 2024 that will impact SMEs the most. These modifications to employment law will profoundly influence the daily functions of businesses, especially during a period when SMEs face substantial economic challenges. It is essential for managers to revise their policies, engage with employees, and adapt their procedures in alignment with the updated regulations prior to their implementation. This proactive stance is vital to maintain compliance and mitigate potential claims. More →

British workers now entirely unproductive, claims report

British workers now entirely unproductive, claims report

by • News, Wellbeing, Workplace

The overwhelming majority of UK workers don’t do anything productive at all, according to a new report published today. The study of available research into the illnesses, injuries, distractions, wastes of time, procrastinations, productivity drains and paralyses that afflict British workers found that the annual cost to the British economy is around £1.8 trillion, equivalent to 98.9 percent of GDP.

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