June 7, 2024

The fastest growing job occupation in the US isn’t what you think it is

The rise of artificial intelligence and its impact on the job market has raised concerns around the world, with some predicting that up to 85 million jobs would be replaced with automation and AI. However, a new report argues that AI cannot replace every job occupation, and the latest data from the US labour market proves it. According to data presented by Stocklytics.com, home health and personal care aides are expected to be the fastest-growing occupation in the United States in the near future, with more than 800,00 new jobs by 2032. More →

June 6, 2024

Workplace AI usage is rocketing, but are people using it for the right things?

by Neil Franklin • AI, News, Technology, Workplace

The latest Workforce Index from Slack claims there has been a significant rise in AI usage in UK workplaces. Since September 2023, there’s been a 66 percent increase, with an additional 18 percent jump since the beginning of 2024. This trend reflects growing enthusiasm among employees about the technology, with 44 percent of office workers saying they are ‘enthusiastic ‘about using workplace AI in their daily tasks. However, the survey also uncovers potential problems with wider AI acceptance. Many employees may not have the right training to fully benefit from AI’s potential. Instead of using the time saved by AI for strategic activities or skill development, most workers say they plan to prioritise administrative tasks. More →

June 5, 2024

GenAI is already driving down demand for freelancers

by Neil Franklin • News

The demand for freelancers working in writing, and coding related jobs has dropped by 21 percent since the launch of ChatGPT in November 2022, according to new research by Imperial College Business School, Harvard Business School and the German Institute for Economic Research. This research paper, Who is AI Replacing? The Impact of Generative AI on Online Freelancing Platforms, looks at the impact of GenAI technologies on the demand for creative professionals who work on an hourly basis for different clients. More →

June 4, 2024

London office market sees sharp decline in leasing activity

by Marvin Gort • News, Property

The London office leasing market kicked off 2024 with a significant downturn, according to a new report from Devono. After a strong end to 2023, leasing activity plummeted by 45 percent in the first quarter, with only 2.3 million sq ft of space leased. This falls short of the 5-year average for Q1 and marks the lowest total since late 2022. The report attributes the decline to a combination of economic factors, including a recent recession and rising inflation. Businesses are cautious about committing to new office space in this uncertain climate. More →

June 4, 2024

As sickness absence rises, firms indulge in ‘wellbeing washing’

by Neil Franklin • News, Wellbeing

A new survey commissioned by law firm Winckworth Sherwood suggests there has been a shift in workplace culture, with a majority of both employers (86 percent) and employees (69 percent) agreeing it’s more acceptable to take time off for illness, especially mental health issues. However, the survey also reveals a potential gap between perception and reality, which the report labels ‘wellbeing washing’. While employers say improved productivity is the main reason they offer wellness programs, some employees may be sceptical. The survey claims that only half of employers actually offer practices considered most effective for mental health, such as fair pay (51 percent), flexible work options (49 percent), and what the study calls “good work” (55 percent), which likely refers to manageable workloads and positive work environments. More →

June 3, 2024

Mismatched technology may be driving down productivity

by Neil Franklin • News, Technology

A new poll from Apogee Corporation claims that current workplace environments are failing to cater to different personality types, leading to significant collaboration challenges, reduced productivity and potentially driving away ‘talent’. The survey of 1,001 UK employees in mid-sized businesses suggests that 79 percent of workers struggle with meeting technology when collaborating with colleagues. This is particularly detrimental to extroverts, with 84 percent reporting a drop in productivity while working remotely. More →

May 31, 2024

People must take the lead on hybrid working to drive highest returns

by Neil Franklin • Flexible working, News, Technology

A new report from workplace technology provider Eptura suggests that employee-led hybrid working models and connected technology drive the highest returns for businesses. According to its first half 2024 Workplace Index report [registration], companies with hybrid working models in which employees can choose when to come to the office are seeing the most benefit. This is because employees who work effectively in the office can generate an average revenue increase of 3-8 percent. The study also claims that globally, employees are now spending an average of 3 days a week in the office, with the biggest increase being seen in the Asia-Pacific region. The most common days for office attendance remain Tuesday through Thursday. More →

May 30, 2024

Furniture Makers to hold next sustainability event focussed on ecodesign

by Freddie Steele • News, Workplace design

The Furniture Makers’ Company, the City of London livery company and charity for the furnishing industry, is hosting its next sustainability event focussed on the issues surrounding ecodesign, including the implications of the new EU law, Ecodesign for Products Regulation (ESPR). More →

May 30, 2024

People are more loyal to employers in the Asia Pacific region than Europe and the US

by Jayne Smith • News, Workplace

Employees’ commitment to their employer varies greatly by region, a new global report has found. According to nudge’s annual Global Financial Wellbeing Report [registration], which surveyed 11,500+ people around the world, how valued employees feel at work varies significantly from East to West. In Europe, attitudes appear to be more cynical in relation to loyalty in the workplace. Two thirds (66 percent) of employees in the UK believe that companies view workers as ‘interchangeable’ and ‘easily replaceable’, followed closely by France (62 percent), Spain (58 percent) and Italy (54 percent). More →

May 29, 2024

MIT professor pours cold water on the prevailing hype about AI and the economy

by Neil Franklin • AI, News, Technology

A study by MIT economist Daron Acemoglu appears to challenge the prevailing optimism surrounding artificial intelligence (AI) and its economic impact. While many experts predict a future fuelled by AI-driven productivity booms and reduced inequality, Acemoglu’s research paints a more cautious picture. His findings suggest that AI’s impact on productivity and inequality may be far less dramatic than anticipated, and could even exacerbate the gap between the rich and the poor. More →

May 29, 2024

People receive a phone notification every ten minutes on average

by Neil Franklin • News, Technology, Wellbeing

A new study by musicMagpie claims to reveal the growing incidence of phone anxiety, particularly among younger people. It highlights a constant barrage of notifications with the average person receiving a 146 notifications daily, translating to one notification every ten minutes. However, so-called Gen Zs and Millennials were found to be significantly more affected than their Gen X counterparts. More →

May 29, 2024

Two-thirds of menopausal women say they face workplace discrimination

by Jayne Smith • News, Wellbeing

A new survey claims that over two-thirds (69 percent) of people in the UK believe women face discrimination at work when going through menopause. According to the Faculty of Occupational Medicine, almost 8 out of 10 menopausal people are in work. Forth, which provides hormone tests for women surveyed over 2,000 people to reveal attitudes towards discrimination against women with menopause in the workplace. More →