Progress stagnates on gender diversity in senior roles at FTSE 350 companies

Progress stagnates on gender diversity in senior roles at FTSE 350 companies

Achieving the government’s target of women making up a third of FTSE 350 board members by 2020 is beginning to look increasingly unlikely,according to executive training organisation The Pipeline’s annual Women Count report. It claims that there has been no progress over the last year in the number of women on executive committees and that 16 companies no longer have any women in ‘profit and loss roles’ which brings the total to 147, while eight companies no longer have any women on the committees at all. Yet the positive value for having greater gender diversity with women in executive positions is unquestionable, according to the authors.

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Freelancers and small business owners find it impossible to stop working on their holidays

Freelancers and small business owners find it impossible to stop working on their holidays

Small business owners and freelancers are unwilling or unable to switch off from work during their holidays, a new study claims. The survey from cloud accounting company FreeAgent claims that over 90 percent of micro-business owners admit to checking work-related emails or doing work-related admin while they are on holiday – with nearly two thirds (61 percent) saying that they do so regularly. In the poll of nearly 600 freelancers and micro-businesses about their experiences of self-employment, 38 percent of respondents said they work more than 48 hours in a typical week – while 7 percent said that they typically work 64 hours or more per week. In addition, one in nine (11 percent) respondents will just take a week or less of holiday in 2018 – including 5 percent who do not expect to take any time off at all from their business this year.

Artificial intelligence will create more jobs than it displaces, claims new study

Artificial intelligence will create more jobs than it displaces, claims new study

Artificial Intelligence (AI) and related technologies are projected to create as many jobs as they displace in the UK over the next 20 years, according to new analysis by PwC. In absolute terms, around 7 million existing jobs could be displaced, but around 7.2 million could be created, giving the UK a small net jobs boost of around 0.2 million. While the overall net effect of AI on UK jobs may be broadly neutral, this varies significantly across industry sectors. The most positive effect of AI is seen in the health and social work sector, where PwC estimates that employment could increase by nearly 1 million, equivalent to around 20 percent of existing jobs in the sector. On the other hand, PwC estimates the number of jobs in the manufacturing sector could be reduced by around 25 percent, representing a net loss of nearly 700,000 jobs.

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London, Singapore and Seoul are the top smart cities in the world

London, Singapore and Seoul are the top smart cities in the world

London, Singapore and Seoul make up the top three smart cities worldwide, according to new research from the Eden Strategy Institute. The 2018-19 study, in partnership with ONG&ONG Experience Design (OXD), involved 140 smart cities ranked across 10 measures; clarity of vision, leadership, budget, provision of financial incentives, support programmes, talent readiness, a people-centric approach, development of an innovation ecosystem, implementation of ‘smart’ policies and, finally, a track record of previous initiatives and projects. New York and Helsinki rounded off the top five cities, with Montreal, Boston, Melbourne, Barcelona and Shanghai finishing in the top 10.

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The talents of older people are going to waste because of discrimnation, claims government report

The talents of older people are going to waste because of discrimnation, claims government report

The talents of more than a million people aged over 50 who want to work are being wasted because of discrimination, bias and outdated employment practices, claims a new report from the UK government. The report from The Women and Equalities Committee also concludes that Government and the Equality and Human Rights Commission (EHRC) are failing to enforce the law on age discrimination and must be clearer that prejudice, unconscious bias and casual ageism in the workplace are all unlawful under the Equality Act 2010. Although the Committee concludes that the Government’s employer-led approach has its advantages, it does not present a strong enough challenge to discriminatory practices or attitudes.

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Businesses told to consider the interests of workers and other stakeholders in new code

Businesses told to consider the interests of workers and other stakeholders in new code

The Financial Reporting Council (FRC) has published its new Corporate Governance Code in a bid to improve trust in UK business. The new Code will remain on the “comply or explain” basis mandatory for which it has been criticised in the past, but has been broadly welcomed by industry bodies. The code sets out a number of recommendations aimed at improving culture and trust in business, of which it suggests at least one be applied. They include having a director appointed from the workforce, a formal workforce advisory panel and a designated non-executive director. The Code will apply to accounting periods from January 2019 and is applicable to all companies with a premium listing.

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New government estates strategy will see thousands of jobs relocate away from London

New government estates strategy will see thousands of jobs relocate away from London

estates strategyThe UK Government has announced it latest plans to save around £3.6bn over the next two decades by dramatically scaling back its property estate and relocating thousands of staff as part of its new 12 year estates strategy. The Cabinet Office has outlined the plans to move thousands of public sector jobs, including senior roles, out of London by 2030, reducing Whitehall buildings from around 65 to 20 over the same period. Around 20 so-called Government hubs will be set up in the regions by the end of this parliament in 2022. In total, the strategy commits to reducing the number of government-owned office buildings from 800 to under 200, with an estimated saving of £3.6bn over 20 years.

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British businesses missing key productivity and skills boost by ignoring military veterans

British businesses missing key productivity and skills boost by ignoring military veterans

Businesses are missing out on key opportunities to boost their skills base and productivity by not effectively employing well-qualified former military personnel, according to new information released by The Institute of Leadership & Management. According to The Institute, 86 per cent of veterans say business managers still don’t understand how military honed skills can transfer into boosting businesses on civvy street. Coinciding with both Armed Forces Day and the 100th anniversary year of the ending of World War One, The Institute of Leadership & Management has released its new report Tales of Transition (registration required), which claims to identify the barriers to helping ex-forces personnel enter the civilian workplace. The report also details the steps that business leaders can take to support the transition of around 15,000 people who leave the UK Regular Armed Forces each year.

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London’s poor connectivity is holding back commercial property occupiers

London’s poor connectivity is holding back commercial property occupiers

Connectivity is more than just broadband speeds and 4G coverage. New research from property consultancy Cluttons claims to reveal the impact it has on everything from the properties we choose to live in, to the places where we can work and our overall happiness both at home and in the office. The research suggests that London is lagging behind other national and global hubs when it comes to good connectivity in both residential and commercial property, failing our needs both as residents and businesses.

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Half of girls are unenthusiastic about a career in STEM and technology

Half of girls are unenthusiastic about a career in STEM and technology

New research suggests that whilst young women are increasingly aware of the availability of careers in technology, half hold a belief that they are ‘unexciting’ and more than two-thirds think that roles in tech are predominately linked to gaming and IT consultancy; according to research commissioned by Yoox Net-a-Porter (YNAP) as part of their work to support digital education.

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Katrina Kostic Samen confirmed as President of the British Council for Offices

Katrina Kostic Samen confirmed as President of the British Council for Offices

The British Council for Offices (BCO) today welcomes Katrina Kostic Samen as its new President. Katrina Kostic Samen, Founder and Managing Partner at KKS Strategy, formally takes over the position from Ken Shuttleworth, Founding Partner of Make Architects, at the BCO’s Annual General Meeting in London today, Wednesday 11th July. As Chair of the BCO Annual Conference held earlier this year in Berlin, Katrina set out the vision for her Presidential year, challenging delegates to look at the workplace from multiple occupier perspectives, and to ensure that they are designing and delivering offices which are inclusive and provide for a diverse workforce.

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Avenue HQ is named as Coworking Space of the Year by IPSE

Avenue HQ is named as Coworking Space of the Year by IPSE

Liverpool’s Avenue HQ has been crowned ‘National Co-Working Space of the Year’ by The Association of Independent Professionals and the Self-Employed (IPSE). The award claims to ‘recognise and celebrate the important role coworking spaces play in creating a nurturing, inclusive and stimulating environment for the UK’s 4.8 million-strong self-employed workforce’. The coworking industry is booming globally as companies of all sizes recognise the importance of working environment on employee and business performance. Pioneered by start-ups, entrepreneurs and freelancers, a growing number of companies, large and small, are incorporating the concept and rapidly reaping the benefits.

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