Gig economy workers to make up fifth of employees in financial services firms, claims report

Gig economy workers to make up fifth of employees in financial services firms, claims report

gig economyMore than half of financial institutions say they expect to have more ‘gig economy’ based employees over the next three to five years, according to PwC’s report, Productivity 2021 and beyond: Upskilling the workforce of the future to create a competitive advantage in financial services. The second iteration of PwC’s productivity research, that surveyed over 500 financial services businesses globally, and received over 60 percent of responses from C-suite leaders, looked at some key workstreams implemented by financial services businesses and evaluated its impact on productivity. More →

Employment intentions at their strongest in a year

Employment intentions at their strongest in a year

employmentUK employers are reporting their strongest employment intentions in a year, the latest CIPD/Adecco Labour Market Outlook claims. The survey’s net employment intentions figure, which measures the difference between the proportion of employers expecting to add jobs and those planning to cut positions, rose to +11 this quarter – its highest in a year. This compares to -1 in the previous quarter. More →

Employees are bearing up, but nerves are frayed

Employees are bearing up, but nerves are frayed

employeesAccording to new data from  Glint, despite the odds, employees were happier at work at the end of 2020 than they were at the end of 2019, but feelings of burnout remain worryingly high. Looking at aggregated data from 9 million employee-engagement survey responses from companies around the world, Glint’s latest analysis claims that employee happiness at work rose 5.4 percent in December 2020, compared to December 2019. More →

‘Zoom rooms’ and breakout space top of the agenda for post-COVID offices

‘Zoom rooms’ and breakout space top of the agenda for post-COVID offices

officesNew data from real estate consultancy OBI claims that 70 percent of business leaders surveyed across Manchester have said they need to permanently change the design of their offices in order to suit the longer-term needs of their businesses and teams. More →

Two million people in the UK have not worked for at least six months

Two million people in the UK have not worked for at least six months

Almost two million workers were unemployed or fully furloughed in January – and had been for at least six months – highlighting the scale of lasting damage to the UK’s labour force that will need to be addressed in the Budget, according to major new research published today by the Resolution Foundation. Long Covid in the labour market – supported by the Health Foundation – examines the state of the labour market during the current lockdown, the cumulative impact of the longer than expected crisis so far, and workers’ prospects for the months ahead as the economy starts to recover. More →

Self-employed workers and side hustlers to drive the UK’s economic recovery

Self-employed workers and side hustlers to drive the UK’s economic recovery

self-employedResearch released by Mettle and YouGov estimates that the UK’s growing self-employed and side hustler movement will contribute an estimated £125 billion in turnover to the UK’s economic recovery in 2021. Furthermore, small and medium-sized businesses (with 1-49 employees) are estimated to contribute approximately £310.46 billion. More →

AI fosters a happier and more productive workforce, research claims

AI fosters a happier and more productive workforce, research claims

AIBusinesses using artificial intelligence (AI) solutions benefit from a happier and more efficient workforce, claims new research from Fountech Solutions. A survey of more than 750 decision-makers within UK businesses highlights the employee and organisational benefits of deploying artificial intelligence (AI) solutions. More →

Four new companies join WorldGBC’s Net Zero Carbon Buildings Commitment

Four new companies join WorldGBC’s Net Zero Carbon Buildings Commitment

Net Zero CarbonWorldGBC has announced four new companies as signatories to its Net Zero Carbon Buildings Commitment (the Commitment), signalling global industry leadership to decarbonise the built environment and combat climate change. The Commitment now has a total of 132 signatories, with 98 businesses & organisations, 28 cities and six states & regions. The businesses and organisations signed up to the Commitment now account for over 5 million (tCO2e) of portfolio emissions. More →

Learning by observation reduces cognitive bias, research suggests

Learning by observation reduces cognitive bias, research suggests

Research from the Business School (formerly Cass) suggests that observing others’ decision-making can teach people to make better decisions themselves. The study, co-authored by Professor Irene Scopelliti, Professor of Marketing and Behavioural Science, tested the effectiveness of a new debiasing learning strategy and claims the first evidence that watching others make decisions can improve our own decision making. More →

Hybrid working is the new expectation of pressured employees

Hybrid working is the new expectation of pressured employees

The past twelve months have proved to be a watershed year fohybridr workplace digital transformation and the urgent shift to remote working has seen the world experience two years of digital transformation in two months. New research from Microsoft Surface claims to examine the impact of this transformation on the UK workforce, suggesting that employees are happier, but under more pressure working from home – despite almost 9 out of 10 (87 percent) of employees reporting their businesses have adapted to ‘hybrid working’. More →

More than half of UK workers planning to take on a side hustle

More than half of UK workers planning to take on a side hustle

workersOver half (54 percent) of UK workers say they are more open to taking on a side hustle or freelance work since the Covid-19 pandemic, according to new research from Fiverr. Over 2 in 5 (44 percent) agree they are more open to it, due to the flexibility that working from home has given them. More →

Investment in digital technology set to deliver £232bn boost to UK economy by 2040

Investment in digital technology set to deliver £232bn boost to UK economy by 2040

economyInvestment in digital technology is set to increase UK GDP by £232bn (6.9 percent) in 2040, according to a new study by Virgin Media Business and the Centre for Economics and Business Research (CEBR). The research, which examines how more digital ways of working can support the UK’s economic recovery from Covid-19, claims investment in technology could boost the economy by £74bn in 2025. More →