November 17, 2017

Managers with a high IQ might be too clever for their own good when it comes to leadership

The perfectly obvious assumption that there is a direct correlation between high intelligence and fitness leadership has been called into question by researchers from the University of Lausanne. In a paper published in the Journal of Applied Psychology, the team of academics suggest that too much intelligence might actually harm the effectiveness of leaders, describing the correlation between IQ and perceived leadership ability as ‘curvilinear’. This means that, at a certain level of intelligence, people can become too clever for their own good – and the good of their colleagues and employer.

November 17, 2017

Businesses exploring potential of AI to improve customer experience and the bottom line

by Neil Franklin • News, Technology

Despite the growing interest in the potential of artificial intelligence, there is a sense of confusion amongst business leaders about how it is being used and how to take advantage of its potential. Independent research from SAS claims that while nearly two-thirds (65 percent) of business leaders are convinced AI can generate value for their business, nearly half (46 percent) are being held back by concerns around AI still being in its infancy. Nearly a third (30 percent) of companies are not sure if they are ready for the technology, citing concerns over a lack of required skills (66 percent), ROI (55 percent) and fears over stories of AI malfunctioning (38 percent). Many also expressed reservations over the cost of solutions (39 percent) and lack of trust in the technology (36 percent), reinforcing fears that AI would not deliver sufficient ROI.

November 16, 2017

Research details how staff satisfaction affects company performance

by Mark Eltringham • News, Workplace

Companies with high levels of staff satisfaction perform better financially, according to new research from the University of East Anglia (UEA) published in the journal Economics Letters. The study examined the effect of staff satisfaction on corporate performance using employees’ online reviews of where they work. Writing in the journal Economic Letters, the researchers from Norwich Business School say that firms rated highly by their current employees in terms of satisfaction achieve greater financial performance compared to firms characterised by low levels of employee satisfaction. More →

November 16, 2017

Impostor syndrome could be holding back workers and senior executives

by Sara Bean • News, Wellbeing, Workplace

Impostor syndrome (where we feel like we are ‘faking it’ at the job we are doing) could be holding back many senior executives from realising their potential – according to new research from Dropbox on the state of teamwork within businesses in the UK. The research, which marks the launch of a new study, conducted in conjunction with philosophers at The School of Life reveals that 80 percent of Chief Executive Officers (CEOs) and 81 percent of Managing Directors say they sometimes feel ‘out of their depth’ and as if they are ‘struggling’ in their role. The research investigates behaviours in business that are limiting to great teamwork. Being averse to disagreeing with others – often seen as a typically British trait – is identified as a key issue holding back teams within British business. The data also claims that two thirds of British workers (69 percent) say that they aren’t comfortable disagreeing with others at work.

November 16, 2017

Fear of change is putting British companies at risk, Microsoft report claims

by Mark Eltringham • Flexible working, News, Technology

A fear of change among staff is putting British companies at risk, according to new research that looks at how businesses are preparing for a technology-led future. A significant number of workers from across the UK admitted to anxiety and concerns over job security when their firms introduced technology to help them in their roles. Just under half (49 percent) of the people surveyed by Microsoft, Goldsmiths, University of London and YouGov said they feared the change that comes with digital transformation. Sixty-one percent said they felt anxious when bosses brought in new technology, while 59 percent were worried about the impact the automation of tasks would have on their job.

November 15, 2017

Mergers and acquisitions often fail because workers struggle to integrate into the new organisation

by Mark Eltringham • News, Workplace

Mergers and acquisitions often fail because workers struggle to integrate, and new research from King’s Business School and the University of Helsinki claims that successful integration is much more likely when organisations actively help employees feel that their jobs are safe. Organisations must also ensure that their integration procedures are seen to be fair and just. Professor Martin Edwards and his co-authors studied the merger of three universities and the acquisition of a manufacturing organisation by a larger multinational. As the first study to track employees during and after a merger and an acquisition, it identifies the factors that influence the likelihood and rate of employee integration.

November 15, 2017

Overwhelming majority of employees see link between wellbeing and performance

by Neil Franklin • News, Wellbeing

According to its 2017 Health Survey (registration required), Aon Employee Benefits claims that 96 percent of employers see a direct correlation between employee health, wellbeing and performance. The survey of 200 UK organisations also suggests that health and wellbeing is rising up the corporate agenda, with 96 percent of employers either agreeing or strongly agreeing that they are responsible for improving employee health behaviours. Indeed, 77 percent are looking to improve on their existing health and wellbeing programmes in the next 12 months. In addition, although employee physical health is important to employers, they are also looking to strike a balance between what are becoming the four widely accepted core pillars of health and wellbeing – Emotional, Physical, Social and Financial.

November 15, 2017

Workplace wellbeing is focus of new report from British Psychological Society

by Mark Eltringham • News, Wellbeing

A new report from the British Psychological Society, Psychology at Work: Improving Wellbeing and Productivity in the Workplace examines issues around work, health, and disability and recommends ways that policy makers and employers can tackle poor employment practices using interventions that work with human behaviour, not against it. The report has been launched today, Tuesday 14th November, at the BPS All-Parliamentary Group for Psychology’s (APPG) ‘Healthy Workplaces’ event hosted by Dr Lisa Cameron MP in the Houses of Parliament. Psychology at Work: Improving Wellbeing and Productivity in the Workplace’ was co-authored by Dr Ashley Weinberg, CPsychol AFBPsS, and Nancy Doyle CPsychol AFBPsS.

November 15, 2017

Stress and disengagement blamed for ‘sickie’ culture

by Sara Bean • News, Wellbeing, Workplace

Two in five employees have pulled a sickie in the last year and half, and a million have pulled more than eight, with stress, ‘couldn’t be bothered working’ and hangovers the top reasons for absence, a new report claims. According to research conducted by Citation, 41 percent of employees confessed to pulling at least one sickie in the last year, and 18 to 24-year-olds were markedly more likely to pull a sickie than any other age group, with just under two thirds (6 percent) admitting to doing so. Just 12 percent of employees aged 65+ said they had lied about an illness in the last year. Men are twice as likely as women to pull a sickie because they are hungover, and women are almost 10 percent more likely pull a sickie because they are feeling stressed.

November 14, 2017

Falling supply and growing demand for affordable office space in London is putting undue pressure on SMEs

by Mark Eltringham • Cities, News, Property

As the pressure grows for small businesses to find affordable workspace in the UK’s capital, the London Assembly has published a new report that looks at ways of addressing the underlying issues, especially a fall in the availability of appropriate space. According to the Assembly, the pressure on affordable workspace for SMEs in London is increasing. Sixteen per cent of industrial land was lost between 2001-2015 and if the trend continues, industrial land in London could fall a third by 2041. In outer London, almost one fifth of workspace could be lost to residential homes and since 2013, the relaxation of permitted development rights has led to the conversion of 1.47 million square metres of office space to residential homes.

November 14, 2017

New quarterly report highlights latest UK cities trends

by Mark Eltringham • Cities, News, Public Sector, Technology

A new quarterly report that claims to analyse the latest trends taking place in cities across the UK has been published by Future Cities Catapult, the Government-backed centre of expertise in urban innovation, the City Innovation Brief (automatic download) summarises key developments and changes from cities across the UK, identifying where money is being invested and what future opportunities might look like within the advanced urban services sector.

November 14, 2017

Millions of unemployed over 50s struggle more than young people for jobs

by Sara Bean • Flexible working, Legal news, News, Wellbeing, Workplace

New data published today shows that the over 50 age group experience an ‘unemployment trap’ – meaning they are more likely to be out of work than younger age groups, and once unemployed they struggle more than younger jobseekers to get back into employment. Currently almost a third of 50-64 year olds in the UK are not in work – some 3.3 million people. Within this, 29 percent are recorded as ‘economically inactive’ – not engaged in the labour market in any way – which is more than twice the rate of those aged 35-49 (13 percent). It is estimated that around one million of the over 50s who are out of work left employment involuntarily due to issues such as ill health, caring responsibilities or redundancy. Some 38 percent of unemployed over 50s have been out of work for over a year, compared to 19 percent of 18-24 year olds and the Centre for Ageing Better claims that employment support is failing this age group.