Employers must prepare for emerging technologies that will reshape work by 2030

Employers must prepare for emerging technologies that will reshape work by 2030 0

Employers should prepare for emerging technologies that reshape society and work by 2030Emerging technologies such as artificial intelligence, robotics, virtual reality, augmented reality and cloud computing, will transform our lives and how we work over the next decade; and by 2030 every organisation will be a technology organisation. As such businesses need to start thinking today about how to future-proof their infrastructure and workforce, according to a report published by Dell Technologies. The research, led by the Institute for the Future (IFTF) alongside 20 technology, academic and business experts from across the globe also offers insight on how consumers and businesses can prepare for a society in flux. ‘The Next Era of Human-Machine Partnerships’ forecasts that emerging technologies, supported by massive advancements in software, big data and processing power, will reshape lives. The report predicts that an estimated 85 percent of jobs in 2030 haven’t been invented yet. The pace of change will be so rapid that people will learn “in-the-moment” using new technologies such as augmented reality and virtual reality. The ability to gain new knowledge will be more valuable than the knowledge itself.

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Remote or home working more of a preference for baby boomers than millennials

Remote or home working more of a preference for baby boomers than millennials 0

Perhaps it’s something to do with the housing issues many people from the younger generations now have to deal with; i.e. either live with parents or endure an overpriced house share, but those under 35 are reported to actually prefer working from the office to remote or home working. This differs from baby boomers, who would rather work from home. According to the survey by Maintel there are differing preferences between the multi-generational workforce, with those aged under 35 feeling they are most productive in the office (48 percent), while only 19 percent of those above 55 agree. Another reason why younger workers cling to the office is due to the fact that they require the face-to-face support of experienced co-workers. The survey also discovered that 28 percent found getting hold of colleagues or managers a challenge when working remotely. And it may also be down to the social aspects of office life and when seeking promotions – ensuring the visibility of hard work. On the other hand, older employees have responsibilities at home, and remote working allows them to be more efficient with their time.

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Taylor Review on Modern Working Practices and the gig economy is published

Taylor Review on Modern Working Practices and the gig economy is published 0

The long awaited UK government commissioned report into modern working practices and the so-called gig economy has been published at last. The Taylor Review was commissioned by the Department for Business, Energy & Industrial Strategy last year and there has been a great deal of speculation regarding its content ever since, especially last week after parts were apparently leaked to the media. You can follow the pile in now on Twitter and the festering pits of ignorance, prejudice and bile known as newspaper comment sections. Or you can read it here before you draw your own conclusions. We’ll be having our say tomorrow and sharing the thoughts of various organisations into its contents. The report was authored by Matthew Taylor, Chief Executive of the RSA and considers the implications of new forms of working, especially with regard to the gig economy and freelance work on worker rights and responsibilities, as well as on employer freedoms and obligations. It sets out seven key principles to address the challenges facing the UK labour market, set out below.

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Majority of employers fear lack of sufficiently skilled people to meet tech challenges

Majority of employers fear lack of sufficiently skilled people to meet tech challenges 0

Majority of employers fear a lack of skilled staff to meet increased need for talentThree quarters (75 percent) of businesses expect to increase the number of high-skilled roles over the coming years, but 61 percent fear that there will be a lack of sufficiently skilled people to fill them. This is according to the 2017 CBI/Pearson Education and Skills Survey which highlighted that 62 percent see strong competition for candidates with appropriate qualifications as the most widespread cause of skills shortage, followed by a lack of candidates with appropriate qualifications (55 percent). According to the report, while the Brexit debate generates plenty of heat, ‘it’s the white heat of technological change that will mean huge change to the jobs of 2030’. Add that to the obvious question about what skills we’ll need to ‘home grow’ in the absence of free labour movement, and the skills gap is brought into sharper relief argues the report.

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Acas reveals majority of helpline callers on zero hours contracts feel unfairly excluded

Acas reveals majority of helpline callers on zero hours contracts feel unfairly excluded 0

Acas reveals majority of helpline callers on zero hours contracts feel excludedAcas’ helpline receives many callers working on a zero hours, agency or self-employed arrangement who do so out of necessity rather than by choice, with some people feeling taken advantage of and unfairly excluded from employment rights. In its response to the Matthew Taylor review on modern employment practices the Acas Council looked at calls to its employment helpline, which revealed confusion and uncertainty around employment status and rights for those involved in the non-standard types of working. Prompted by evidence that these types of working arrangements are on the rise Acas has also published a new discussion paper on non-standard or ‘atypical’ forms of work, and identifies areas where good practice can be encouraged and improved. The discussion paper, Ain’t that typical? Everyday challenges for an atypical workforce, also reveals that the practice of ‘zeroing down’ workers’ hours is used in some workplaces to discourage staff from raising concerns or asserting rights.

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Flexible and family friendly workplaces across the UK named in charity’s awards

Flexible and family friendly workplaces across the UK named in charity’s awards 0

Britain’s most family friendly and flexible employers have been recognised in this year’s Top Employers for Working Families Awards. Now in their 8th year, the annual Top Employers for Working Families Special Awards from the UK’s work life balance charity cover 11 categories across a range of work life policies and practices. Four new sector-specific awards are being introduced this year for the private, public and third sectors; as well as a category for small employers. Sarah Jackson OBE, chief executive of Working Families, said: “In many ways, flexible working and family friendly working have never been more part of the bloodstream of British business. We had a record-breaking number of entries this year, showcasing a wealth of exciting approaches to creating agility in the workplace. Congratulations to all this year’s Top Employers for Working Families award winners, singled out because they offer leading flexible workplaces that support the grain of their employees’ lives. I look forward to working with them to make work work, for people, families and the economy, so that families thrive and business prospers.”

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Job mobility and labour markets in Europe continue to be shaped by last recession

Job mobility and labour markets in Europe continue to be shaped by last recession 0

A new report from the European Foundation for the Improvement of Living and Working Conditions (Eurofound) claims that the recent global recession continues to have significant and lasting effects on Europe’s labour markets, including a big drop in employment levels and job mobility, which are yet to recover in many countries almost a decade later. It also affected the structure of employment, accelerating changes and patterns of job polarisation across Europe, in which employment in middle-paid jobs declined more than in jobs at the top and bottom of organisations.

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Third of UK workers are dealing with anxiety, depression or stress

Third of UK workers are dealing with anxiety, depression or stress 0

One in three (34 percent) UK workers are dealing with anxiety, depression or stress, which is affecting their ability to carry out their day-to-day roles, claims a new report. Two in five (39 percent) have taken time off work or reduced their responsibilities because of their health, and of those, 39 percent did not feel comfortable telling their employer about the issue according to the PwC research. Nearly a quarter (23 percent) think their organisation does not take employee wellbeing seriously and more than half (54 percent) work for companies which do not offer health benefits such as counselling, health screening and subsidised gym memberships. The research suggests that Health and wellbeing has a significant impact on performance with four out of five workers (83 percent) believing that their wellbeing influences how productive they are. Pressures such as dealing with customers and clients, and long hours have the biggest impact on workplace wellbeing. The survey respondents also indicated a belief that technology can play a part in addressing health, with almost half saying they would be open to using an app to improve their wellbeing.

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UK remains stuck in stubborn low productivity trap

UK remains stuck in stubborn low productivity trap 0

The persistently low productivity of UK workers has dropped back to pre-financial crisis levels, according to official figures. Hourly output fell 0.5 percent in the first three months of the year, the Office for National Statistics (ONS) reports in its latest update. At the end of 2016, productivity returned to the level seen before the 2008 recession. But it has now slipped back again and is 0.4 percent below the peak recorded at the end of 2007, according to the ONS. It was the first quarterly fall in productivity since the end of 2015, according to the ONS. Economists have consistently warned that the UK’s low productivity continues to mean it lags behind its major trading partners such as the US, France and Germany.

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Digital workplace accelerates blurring of lines between IT, HR and finance roles

Digital workplace accelerates blurring of lines between IT, HR and finance roles 0

To help ‘organisations thrive in a competitive digital marketplace’, Oracle and the MIT Technology Review have released a new study that highlights the importance of collaboration between finance and human resources (HR) teams with a unified cloud. The study, Finance and HR: The Cloud’s New Power Partnership, outlines how a ‘holistic view into finance and HR information’, delivered via cloud technology, empowers organisations to better manage continuous change in the workplace. Based on a global survey of 700 C-level executives and finance, HR, and IT managers, the study claims that a shared finance and HR cloud system is a critical component of successful transformation initiatives.

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Happiest workers more likely to be based in start-ups and to stay long term

Happiest workers more likely to be based in start-ups and to stay long term 0

Happiest workers are based in start-ups and they intend to stay long term

Employees in companies with nine members of staff or less are most likely to ‘love’ their jobs and are more likely to take personal pride from the companies’ achievements, and to stay there long term a new report suggests. Almost 1 in 3 (31 percent) of workers in businesses containing a maximum of nine members of staff said they “love” their jobs – according to a new survey of 1,220 workers, commissioned by the One4all Spotlight Awards, a free to enter awards scheme that rewards exceptional staff in the UK workforce. By comparision, those in companies with the largest workforces – more than 500 members of staff – were the least likely to love their jobs, with just 15 percent claiming this is the case. Workers in microbusinesses – those with 9 or fewer employees – were also the most likely to say they plan to stay with their current employer for the rest of their working lives, with 18 percent saying they feel this way. They were also the most likely to take a sense of personal pride in their company’s achievements (23 percent).

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Skills gap costs British employers over £2 billion a year

Skills gap costs British employers over £2 billion a year 0

A shortage of people with the right skills has cost companies more than £2 billion over the past year, despite employment being at a record high, according to the latest findings of The Open University Business Barometer. The study of hundreds of employers found that the majority of businesses have had to pay as much as £527 million above the market rate to recruit skilled workers. At small and medium-sized companies, the average salary increase amounted to £4,150 per recruit. At larger groups, it stood at £5,575. Companies said that they also had faced increased recruitment costs, including paying temporary staff to fill the gap while suitable candidates were found. Nine out of ten said that they had struggled to recruit people with the right skills.

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