January 25, 2019

People who experience early redundancy have poor health in later life

People who involuntarily lose their job early in their career have poorer health in later life, according to new findings from the University of Kent in the UK and the University of Bamberg in Germany. Researchers, including Dr Olena Nizalova from the Centre for Health Service Studies (CHSS) within the School of Social Policy, Sociology and Social Research (SSPSSR) at Kent, set out to establish what the long-term implications of enforced unemployment are on individuals over the course of their life, particularly in later life.

January 25, 2019

Government announces protections for pregnant mums and new parents returning to work

by Neil Franklin • News, Wellbeing, Workplace

Pregnant women and new parents returning to work after having children are to be further protected from unfairly losing their jobs under new proposals set out by the UK government. The consultation, launching today (25 January 2019) and running to 5 April, proposes that the legal protection against redundancy for pregnant women and new mothers on maternity leave is extended so that it continues for up to 6 months after they return to work. It will also seek views on affording the same protection to parents returning from adoption leave or shared parental leave.

January 24, 2019

Cambridge continues to attract science and technology firms

by Mark Eltringham • News, Property

A new report claims that Cambridgeshire continues to attract science and technology companies despite the current Brexit uncertainty. The analysis (registration required) from Bidwells of the Cambridge office and laboratory market claims that 0.6 million sq ft of new space will be complete during the first half of 2019. This is the highest level of new supply in over a decade. This perhaps sounds alarm bells given the apparent slowdown in demand for labs and offices combined to 1.154 million sq ft at the end of 2018. More →

January 23, 2019

Film series sets out to solve the workplace wellbeing puzzle

by Mark Eltringham • News, Wellbeing

Recent research by the British Safety Council identified significant levels of uncertainty in the UK about workplace wellbeing. Its report Not just free fruit: wellbeing at work, found that employee wellbeing is often ignored or misunderstood, with employers unsure how to define it or how to improve staff wellbeing, what priority to give it and how to measure the effectiveness of wellbeing interventions and programmes.

January 23, 2019

Most workers think robots could not do their jobs

by Neil Franklin • AI, News, Technology

Despite regular warnings about the potentially massive displacement of jobs as a result of the ‘Fourth Industrial Revolution’ of automation and artificial intelligence, a new, large scale survey of workers around the world suggests that a significant majority of them do not think the technology puts their own role in any kind of danger. The new report from SAP was presented this week at the World Economic Forum Annual Summit in Davos.

January 22, 2019

London remains top gateway city in the world for commercial property investors

by Mark Eltringham • Cities, News, Property

London maintained its position as the top city for global real estate investment in 2018, according to research published today by JLL. The report claims that investors continue to favour cities they are familiar with and that have well-established investment markets and high levels of transparency. Well-known, large gateway cities with the world’s deepest concentrations of capital, companies and talent continue to dominate the top ranks. Twelve cities–London, New York, Paris, Seoul, Hong Kong, Tokyo, Shanghai, Washington DC, Sydney, Singapore, Toronto and Munich–have appeared in the top 30 ranking every year for the past decade and account for 30 percent of all real estate investment. More →

January 22, 2019

Business leaders lack ethical insight needed to get the best out of AI

by Neil Franklin • News, Technology

Although executives have high expectations for the impact that AI will have on their businesses according to Cognizant’s new report, ‘Making AI Responsible – and Effective, only half of companies have policies and procedures in place to identify and address the ethical considerations of its applications and implementations. The study analyses the responses of almost 1,000 executives across the financial services, technology, healthcare, retail, manufacturing, insurance and media & entertainment industries in Europe and the US. The research suggests that business leaders are positive about the importance and potential benefits of AI. Roughly two- thirds (63 percent) say that AI is extremely or very important to their companies today, and 84 percent expect this will be the case three years from now. Lower costs, increased revenues and the ability to introduce new products or services, or to diversify were cited as the key advantages for the future.

January 21, 2019

What we have wrong about why some companies are more successful than others

by Mark Eltringham • News

New research published in the Strategic Management Journal suggests a firm’s competitive advantage can last more than three times as long as previously believed. INSEAD Assistant Professor of Strategy Phebo Wibbens found that companies with “higher-order” resources can greatly outlast their competitors. Traditionally, strategy experts have focused on a firm’s operating resources – assets and capabilities that directly affect profit – when analysing its competitive advantage. Based on that assumption, high-performing firms were believed to have a run of success lasting on average about five years. But as IKEA, Apple and other firms have shown, a much longer period of success is available to some companies.

January 21, 2019

Major new research projects will explore impact of management on productivity

by Neil Franklin • News, Wellbeing

A major new project led by the University of East Anglia (UEA) will examine how health and wellbeing practices can improve employee productivity. Working with research institute RAND Europe, based in Cambridge, it will look to identify which combinations of workplace health and wellbeing practices reliably improve worker health, wellbeing, engagement and performance – and deliver the best return on investment. More →

January 21, 2019

MPs back plan to increase gender diversity in business

by Sara Bean • Legal news, News, Workplace

A majority of MPs have backed a recommendation to increase gender diversity in business by extending the “Women in Finance Charter” to cover all businesses in the UK. The recommendation comes from the professional accountancy body AAT (Association of Accounting Technicians). The Charter asks financial services firms to commit to implement four key industry actions; to have a named senior executive responsible and accountable for gender diversity and inclusion; set internal targets for gender diversity in senior management positions; publish progress annually and ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity. More →

January 21, 2019

Pointless meetings set to cost organisations $541bn this year

by Neil Franklin • News

Professionals spend two hours a week in pointless meetings, which will add up to over $541bn worth of resource around the world in 2019. That is the main claim in a new report from Doodle. The State of Meetings Report 2019, calls on proprietary data from the firm alongside new research conducted with 6,528 professionals in the UK, Germany and the USA. The report claims to be a comprehensive look at the time taken up by cancelled or unnecessary meetings, inefficient ways of working and preferred methods of meeting and features expert comment from organisational academics and psychologists.

January 20, 2019

The changing shape of the insurance workplace

by Mark Eltringham • News, Workplace design

HOK’s WorkPlace group has released The New Insurance Workplace (registration required), a report which sets out to examine the forces reshaping the insurance industry and how workplace design can position these companies for success. The report’s concludes that insurance firms take pride in their conservative approach to risk management and traditional business models. They also have high-performance cultures that demand strong results. Yet changing regulations, emerging technologies and increasingly obsolete work processes have left many legacy players with underutilised, outdated office and retail space that hinders their ability to meet the fast-changing expectations of customers.