Most people support shift to a four day week

Most people support shift to a four day week

by • Flexible working, News

A new poll claims that a significant majority of voters who supported the new Labour government are in favour of transitioning the UK to a four day weekA new poll claims that a significant majority of voters who supported the new Labour government are in favour of transitioning the UK to a shorter working week. According to data collected by Survation and commissioned by The Autonomy Institute, 72 percent of Labour voters back the idea of a four-day work week. The survey, which included responses from 2,048 adults, specifically asked whether participants would support a government initiative to move towards a shorter working week, with no loss of pay, by the year 2030. More →

European banks are over-valuing commercial property, ECB report suggests

European banks are over-valuing commercial property, ECB report suggests

by • News, Property

 

An analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone's leading banks may be inflating the value of commercial propertyAn analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone’s leading banks may be inflating the value of commercial property, potentially obscuring the true state of their loan portfolios in a sector that is facing significant challenges. The analysis suggests that some banks are failing to properly account for the steep downturn in the commercial property market, which has been severely impacted by higher borrowing costs and weakened demand as businesses adjust to the post-pandemic economic landscape. More →

Technology failures are a major headache for small businesses

Technology failures are a major headache for small businesses

by • News, Technology

A new poll  from TalkTalk Business claims to identify the significant impact technology failures have on small and medium-sized enterprises (SMEs) in the UK.A new poll  from TalkTalk Business claims to identify the significant impact technology failures have on small and medium-sized enterprises (SMEs) in the UK. According to the survey, nearly one-quarter (23 percent) of these businesses have experienced system glitches within the past year. These technical issues are proving costly for many SMEs, with 17 percent reporting that such problems have cost their business between £500 and £999 over the last 12 months. More alarmingly, 12 percent of SMEs have faced losses ranging from £2,000 to £3,999, while 7 percent have incurred staggering costs between £8,000 and £9,999 due to technology-related failures. More →

Hybrid workers are more likely than colleagues to report poor mental health

Hybrid workers are more likely than colleagues to report poor mental health

by • Flexible working, News, Wellbeing

Hybrid workers are the group most likely to say that work has a negative toll on their mental health, according to a new surveyHybrid workers are the group most likely to say that work has a negative toll on their mental health, according to a new survey from Pluxee UK. Two-fifths (42 percent) of hybrid workers reported that work negatively affects their mental wellbeing, compared to 32 percent of fully remote and 30 percent of fully office-based employees. The report claims thatits  findings highlight that while hybrid working offers flexibility, it requires thoughtful support to ensure employee wellbeing and work-life balance. More →

Firms are betting big on the impact of AI on their business

Firms are betting big on the impact of AI on their business

by • AI, News

 

Big AI bets are being made globally with nearly one in 10 businesses spending over $25m this year on AI initiativesA new report published by consulting firm Searce claims that organisations across the UK and US are making significant investments in artificial intelligence this year with nearly one in 10 decision-makers in both the UK (8 percent) and US (7 percent) planning to spend over $25 million. The 2024 State of AI report [registration] is based on a poll of 300 C-Suite and senior technology executives – including Chief AI Officers, Chief Data & Analytics Officers, Chief Transformation Officers, and Chief Digital Officers – at organisations with at least $500 million in revenue. The research examines some of the biggest trends, successes, and challenges facing businesses in their artificial intelligence decision-making, strategy, and execution. More →

Is this last orders for the post-work drink?

Is this last orders for the post-work drink?

by • Flexible working, News, Wellbeing

 

The traditional post-work drink may be falling from favour as a shift in attitudes means people increasingly prefer daytime social gatherings, a new poll claimsThe traditional post-work drink may be falling from favour as a shift in attitudes and working culture means people increasingly prefer daytime social gatherings, a new poll claims. Employers are being encouraged to move away from pub outings as a means of socialising, instead fostering “inclusive and healthy workplace cultures” that cater to employees who don’t drink alcohol or work remotely. As four different generations now share the workplace, new expectations around employee health and wellbeing are emerging, according to the survey commissioned by the International Alliance for Responsible Drinking (IARD). More →

Women find it more difficult to separate remote work from their family lives

Women find it more difficult to separate remote work from their family lives

by • Flexible working, News, Wellbeing

 

Remote work has often been lauded as a potential solution to gender inequality, given its flexibility, however these findings showcase that personal circumstances still have an effect on women’s careers.Women have much more difficulty separating their working lives and their family lives when they work from home, than men do, according to new research from Durham University Business School. Remote work has often been lauded as a potential solution to gender inequality, given its flexibility, however these findings showcase that personal circumstances still have an effect on women’s careers. More →

Endlessly distracted? Get some focus with the new issue of IN Magazine

Endlessly distracted? Get some focus with the new issue of IN Magazine

by • IN Magazine, News, Premium Content

 

t's a bit of a bumper issue. The digital edition of the new IN Magazine is available for you here.

It’s a bit of a bumper issue. The digital edition of the new IN Magazine is available for you here. Inside you will find: our special supplement on how to encourage people to spend more time in the office (if you and they want to); Peggie Rothe of Leesman talking about how to optimise the workplace experience (and why you need to do it); Jo Knight cutting through yet another layer of sustainability BS; Stephanie Fitzgerald grappling with AI; a look back on the new direction for office design heralded thirty years ago by three new products; and a recent look back on Clerkenwell Design Week; a visit to an installation that shows how Sheffield is reinventing itself; a look at what happens when firms monitor staff (they monitor the firm right back); alternatives to our conception of the working day; how firms are building new relationships with remote staff; how Mark Eltringham can’t even be happy reading a book he agrees with; and the final word on the most complained about aspect of work.      More →

Organisations need to address the rising problem of workplace sickness

Organisations need to address the rising problem of workplace sickness

by • News, Wellbeing

Rising levels of workplace sickness are costing UK businesses billions each year, according to a new report from the Institute for Public Policy ResearchRising levels of workplace sickness are costing UK businesses billions each year, according to a new report from the Institute for Public Policy Research (IPPR). The think tank’s analysis reveals that the annual hidden cost of employee sickness has surged by £30 billion since 2018. Of this increase, £25 billion is attributed to lower productivity from employees working while ill, with only £5 billion due to an increase in sick days. More →

Remote work is holding back innovation, study claims

Remote work is holding back innovation, study claims

by • Flexible working, News, Wellbeing

Remote work and 'hybrid working' models may greatly enhance employees' work-life balance, but new research suggests they might also be stifling innovationRemote work and ‘hybrid working’ models may greatly enhance employees’ work-life balance, but new research suggests they might also be stifling innovation. The study, led by economists from the University of Essex and the University of Chicago found that employees who worked in a hybrid model were less likely to come up with innovative ideas compared to their colleagues who always worked in the office. Additionally, employees working entirely from home tended to produce lower quality ideas than those who consistently worked in the office. More →
Tech workers and young people will need a major skills upgrade if they are to keep up with AI

Tech workers and young people will need a major skills upgrade if they are to keep up with AI

by • AI, News

The vast majority (92 percent) of ICT roles are expected to undergo big changes as a result of advancements in AIThe vast majority (92 percent) of ICT roles are expected to undergo big changes as a result of advancements in artificial intelligence and the technology continues to transform the information and communications (ICT) sector according to a new report from tech giants, Cisco, Microsoft and Google. The AI-enabled ICT Workforce Consortium, led by Cisco has published the “Transformational Opportunity of AI on ICT Jobs” report, offering guidance on the areas for of concern for workers to reskill in response to the evolving job landscape. This transformation will impact professionals in 47 ICT roles, including cybersecurity, data science and software development, according to the report. More →

Working with AI drives innovation, but business leaders are sceptical

Working with AI drives innovation, but business leaders are sceptical

by • AI, News

Collaborating with AI increases the volume, diversity and detail of new ideas from business leaders according to a new poll from design consultancy IDEO.Collaborating with artificial intelligence increases the volume, diversity and detail of new ideas from business leaders according to a new poll from design consultancy IDEO. The survey also suggests that using AI to accelerate innovation rather than efficiency can increase growth by more than a third. In the study 1,000 business leaders answered a brief to design new products and services that could achieve both growth and sustainability objectives. Business leaders who received AI generated questions to help with ideation in response to the brief produced 56 percent more ideas, with a 13 percent increase in the diversity of ideas and a 27 percent increase in the level of detail compared to a control group who were not provided with artificial intelligence prompts.    More →

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