Artificial intelligence could add £232 billion to UK GDP by 2030, claims PwC research

Artificial intelligence could add £232 billion to UK GDP by 2030, claims PwC research 0

by • AI, News, Technology

UK GDP could be around 10 percent higher in 2030 as a result of artificial intelligence (AI) – the equivalent of an additional £232 billion, according to new research by PwC. This makes AI the biggest commercial opportunity in today’s fast-changing economy, according to the report’s authors. The research shows that the majority of the UK’s economic gains over the period to 2030 will come from increasing consumer demand resulting from AI driving a greater choice of products, increased personalisation of those products and making them more affordable over time. Labour productivity improvements will also drive GDP gains, but to a lesser extent. PwC’s research notes that the benefits from labour productivity growth will be felt first, with the increased consumption-led benefits from AI-enhanced products coming through later as more of them come onto the market. As this happens, competition within the AI goods market will increase dramatically, leading to future increases in the value of goods to consumers and therefore the amount people spend on them.

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UK lags behind in employee satisfaction and happiness levels

UK lags behind in employee satisfaction and happiness levels 0

by • News, Wellbeing, Workplace

The UK has one of the lowest levels of staff satisfaction, being ranked sixth in an international study of employee happiness. This is according to research by Robert Half; It’s Time We All Work Happy: The Secrets of the Happiest Companies and Employees. For the study, Robert Half worked with leading happiness and well-being expert Nic Marks of Happiness Works, whose team evaluated the levels of employee happiness among more than 23,000 working professionals across Europe, North America and Australia. The report shows the United States, Germany and the Netherlands have the happiest employees among the countries included in the research, ranking 71.8, 71.2 and 69.9, respectively, on a scale of 0-100, with 100 being the happiest. The countries studied with the lowest levels of employee happiness are France (63.8), Belgium (65.2) and the United Kingdom (67.2). The research also shows that the top drivers of employee happiness vary by country. In the United States, UK and Canada, the highest-ranking factors are having pride in one’s organisation, feeling appreciated and being treated with fairness and respect. In France, Belgium, Germany and Australia, being treated with fairness and respect is the top happiness factor. In the Netherlands, a sense of accomplishment is the most important driver of happiness.

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The mere presence of a smartphone causes people to suffer brain drain

The mere presence of a smartphone causes people to suffer brain drain 0

by • News, Technology, Wellbeing

You may think it’s enough to mute or put away your smartphone when trying to carry out some focused work, but a new academic study suggests that the mere presence of a smartphone reduces our ability to concentrate. The study of over 500 subjects was carried out by researchers at the University of Texas and published in the Journal of the Association for Consumer Research, found that the brain suffers from the unconscious potential to browse, play games and communicate. Even when hidden in drawer or bag, the existence of a smartphone reduces people’s ability to carry out even relatively simple cognitive tasks.

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Middle-aged office workers are now more sedentary than pensioners, finds study

Middle-aged office workers are now more sedentary than pensioners, finds study 0

by • News, Wellbeing, Workplace design

Most middle-aged office workers now spend as much time sitting down as older pensioners, according to a report. The research claims to have overturned previous studies that suggested that older adults are the most sedentary age group in the UK, when it appears to be middle aged office workers who move the least. The study highlights the potential health risks of excessive sitting at work. The study found that 45 to 54-year-old men spend on average 7.8 hours per weekday sitting down, compared with 7.4 hours for the over-75s. Sedentary work is the main reason for this inactivity. Researchers drew upon data from more than 14,000 people in Scotland, taken from the 2012-14 Scottish Health Survey. The findings from the University of Edinburgh’s Physical Activity for Health Research Centre are published in the Journal of Sports Sciences. Only the youngest group of men surveyed – 16 to 24-year-olds – are significantly less sedentary than the over 75s on weekdays.

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BIFM calls for views on the scope and future of facilities management profession

BIFM calls for views on the scope and future of facilities management profession 0

by • Facilities management, News

As part of its ongoing commitment to the FM profession and its members BIFM has commissioned research by independent consultants 3edges, to explore how well equipped the facilities management profession is to support the future world of work. As part of the study, a survey has been issued direct to BIFM members this week, covering aspects about individuals and their roles, the FM profession, workplace and BIFM. All BIFM members are invited and encouraged to participate. It is hoped that the findings will inform BIFM’s future direction as a professional body, enabling the Institute to refine its offering to both its members and the FM profession.

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Largest trial of driverless vehicles takes to the streets of two cities in the UK

Largest trial of driverless vehicles takes to the streets of two cities in the UK 0

by • AI, News, Technology

The UK’s largest trial of connected and autonomous vehicle technology has been given the green light to move out onto city streets, after a UK consortium completed its final set of private test track demonstrations. Project partners Jaguar Land Rover, Ford and Tata Motors European Technical Centre (TMETC) are set to trial vehicles on the roads of Milton Keynes and Coventry, as Jaguar Land Rover announced the latest version of their automated, driverless vehicle technology. The three vehicle manufacturers are taking part in the £20 million UK Autodrive research and development project, jointly funded by government and industry. UK Autodrive claims to be the first project in the UK to showcase the benefits of having cars that can “talk” to each other across multiple makes of car. Three of the seven key features of connected cars (see full list below) will be trialled during the three-year programme.

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US experiences huge increase in telecommuting since 2005, claims study

US experiences huge increase in telecommuting since 2005, claims study 0

by • Flexible working, News, Technology

FlexJobs and Global Workplace Analytics have published their 2017 State of Telecommuting in the US Employee Workforce report, which claims to be the most up-to-date and comprehensive data analysis available on the state of working from home in the United States. According to the study, the number of people telecommuting in the US increased by 115 percent between 2005 and 2015. Other key findings of the study include: 3.9 million U.S. employees, or 2.9 percent of the total U.S. workforce, work from home at least half of the time, up from 1.8 million in 2005 (a 115 percent increase since 2005); the average telecommuter is 46 years of age or older, has at least a bachelor’s degree, and earns a higher median salary than an in-office worker; roughly the same population of women and men telecommute; and in more than half of the top US metro areas telecommuting exceeds public transportation as the commute option of choice. The report’s definition of telecommuting refers to non-self-employed people who principally work from home at least half of the time.
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Study suggests ways staff could work fewer hours while raising productivity

Study suggests ways staff could work fewer hours while raising productivity 0

by • Flexible working, News, Wellbeing, Workplace

Employers can implement simple changes to reduce fatigue while raising worker productivity, a new academic study suggests. Research published by Manel Baucells from the University of Virginia Darden School of Business offers some useful insights for today’s workforce in overcoming fatigue while at the same time raising productivity. The paper “It is time to get some rest”, co-authored with Lin Zhao of the Chinese Academy of Sciences in Beijing, looks at how workers’ efforts can be best distributed throughout the day. The study’s implications affect not only our health and quality of life, but business and the economy too. “The bottom line is, when it comes to rest and managing fatigue, the incentives of companies and workers are perfectly aligned: Reducing fatigue increases productivity, lowers the cost of providing effort, increasing work satisfaction, lowering turnover and absenteeism, and ultimately increasing profits,” said Baucell. “Google seems to have learned this lesson and makes the work environment pleasant, promoting fun distractions, while at the same time encouraging long work hours.”

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Digital tech is fastest growing sector in Scotland, claims report

Digital tech is fastest growing sector in Scotland, claims report 0

by • News, Technology

The digital technology sector is forecast to grow twice as fast as the Scottish economy overall in the years to 2024, according to research published by Skills Development Scotland and the Digital Technologies Skills Group. This growth is ‘creating unprecedented demand for digital skills with employers across all sectors seeking to harness the benefits of technology to drive innovation and increase competitiveness’. The new publication, Scotland’s Digital Technologies, found that digital tech was the fastest growing sector of the economy accounting for five percent of Scotland’s total business base and employing two per cent of the national workforce.

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Many business owners are baffled by workplace law jargon

Many business owners are baffled by workplace law jargon 0

by • Legal news, News, Workplace

A survey of 250 business owners by Attest market research for HR and employment law advisors Peninsula found that 54 percent of business owners were baffled by workplace law jargon with many thinking the human resource management method – Bradford factor – stood for the best singer in Bradford instead of a means of measuring worker absenteeism. 44 percent thought TUPE meant total under taxation of parliament expenses not transfer of undertaking regulation, 30 percent thought EAT meant employment advice team not employment appeal tribunal. Meanwhile the Conservatives’ election slogan ‘strong and stable’ clearly left a huge mark on people’s thoughts as a number of business owners thought that ‘SSP’ stood for ‘strong and stable professionalism’ instead of the correct meaning of ‘statutory sick pay.’

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Firms still paying lip service to digital transformation, but change may be coming

Firms still paying lip service to digital transformation, but change may be coming 0

by • News, Technology, Workplace

Britain’s biggest businesses risk being disrupted by the pace of technological change because their senior leaders are paying lip service to the need for digital transformation, according to a study from tech startup AVADO. The study of senior managers responsible for the learning and development (L&D) of staff at Britain’s biggest firms with turnovers of over £100m found that the need for digital transformation is accepted, almost universally, among respondents. 86 percent say they have assessed the business risk of not taking action and 88 percent have taken steps to address this. Yet, despite 93 percent of L&D professionals saying a digital transformation strategy is in place, the report suggests critical top down buy-in is missing. Yet, a second report from recruiters Robert Half suggests that a growing number of firms in the key finance sector are now actively recruiting to improve their digital transformation strategy.

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Shared desks are less hygienic than dedicated workstations, claims study

Shared desks are less hygienic than dedicated workstations, claims study 0

by • News, Wellbeing, Workplace design

A study by Initial Washroom Hygiene claims that microbiological activity is 18 percent higher in ‘hot desking’ environment. The firm claims that these findings suggest that having germs from different people on the surface of shared desks, computer mice and other equipment, means these workstations are typically home to more bacteria. The swabbing study was conducted using one company of over 100 employees with a fixed-desk environment. The same company then moved to a hot-desking environment, and the study was repeated in the same manner four months later. Experts from used an ATP bioluminescence reader to measure the microbiological concentration of various items on 40 different workstations, to determine what levels of bacteria these surfaces were harbouring. On average, the readings in the hot-desking office were 18 percent higher than those in the fixed-desk office. The use of communal computer mice in the hot-desk scenario was a key contributor to the difference in hygiene levels. Shared mice in the hot-desking environment had a 41 percent higher microbiological reading compared to readings taken from the computer mice on the fixed-desks.

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