Flexible working is the new “work-life currency”, claims new report

Flexible working is the new “work-life currency”, claims new report

by • Flexible working, News, Technology

A new report, Future of Work Life, from Ericsson Consumer & IndustryLab explores the ways in which employees and employers navigate the current work environment and their views on the future of work shaped by the pandemic, digitalisation and the fluctuating labour market. Almost half (48 percent) of the employees in the study say that they enjoy increased flexibility at work. 52 percent consider flexible work hours or locations as key requirements, and 25 percent say that flexibility is the top priority if they would start to look for a new job. Doing work rather than going to work is seen as central in this new way of thinking about work life. (more…)

EU building data project to drive full decarbonisation in three European countries

EU building data project to drive full decarbonisation in three European countries

by • Environment, Facilities management, News, Property

Czechia, Ireland and Spain will be the first countries to participate in a new initiative which aims to boost the availability of quality building climate data, a critical step towards full decarbonisation of the heavily emitting construction sectorCzechia, Ireland and Spain will be the first countries to participate in a new initiative which aims to boost the availability of quality building climate data, a critical step towards full decarbonisation of the heavily emitting construction sector, responsible for almost 40 percent of global carbon emissions. The INDICATE initiative will bring together governments, industry and academia to tackle one of the most common barriers to enacting policies which will ensure climate neutral construction: a lack of reliable and comprehensive emissions data for buildings. (more…)

Generative artificial intelligence set to boost GDP but could affect 300 million jobs

Generative artificial intelligence set to boost GDP but could affect 300 million jobs

by • News, Technology, Workplace

The latest developments in generative artificial intelligence could replace the equivalent of 300 million full-time jobsThe latest developments in generative artificial intelligence could replace the equivalent of 300 million full-time jobs, a report by investment bank Goldman Sachs claims. The authors suggest that the technology could replace around a quarter of the work tasks carried out in the US and Europe but may also mean new jobs and a productivity boom. The report claims that the tech could increase total annual value of goods and services produced globally by 7 percent. (more…)

Rising business rates could impact affordable workspace in London

Rising business rates could impact affordable workspace in London

by • News, Property

Colliers calls on Government to provide greater support to tech and creative industries who will struggle as business rates rise in Revaluation 2023The 2023 business rates revaluation will come into effect on the 1st of April 2023, the first of its kind for six years and according to business rates experts at Colliers could have a material impact on the provision of affordable workspace in the capital, historically located in the “fringe” locations. Colliers claims that this is because rents and hence rateable values in fringe locations such as Hackney, Southwark and Hammersmith & Fulham have increased at a greater pace than in historic ‘core’ office locations such as the City, Islington and the West End, and those fringe locations have now become equally or in some cases more expensive locations than those in the Central London core. (more…)

Work-related stress costing UK economy £28bn a year

Work-related stress costing UK economy £28bn a year

by • News, Wellbeing

New data and economic modelling from AXA UK and Centre for Business and Economic Research (Cebr) claims that people are struggling with burnout and work-related stressNew data and economic modelling from AXA UK and Centre for Business and Economic Research (Cebr) claims that people are struggling with burnout and work-related stress, with an estimated £28bn lost last year due to poor mental health at work. The majority of this cost is due to loss of working days because of stress, burnout and general poor mental health, with businesses losing 23.3m working days as a result of these issues.  (more…)

New guide to office fit-out and refurbishment launched by trade body

New guide to office fit-out and refurbishment launched by trade body

by • Facilities management, News, Workplace design

Trade association FIS has launched a revised Client Guide to Office Fit-Out and Refurbishment with the aim of promoting best practice in the fit-out processTrade association FIS has launched a revised Client Guide to Office Fit-Out and Refurbishment with the aim of promoting best practice in the fit-out process and to take account of new working practices post-pandemic, the Building Safety Act and advances in sustainability. First published in 2017, this updated guide is aimed at clients, contractors and architects involved in fit-out projects in a changing world. It is available for free download. (more…)

Canary Wharf Group shifts its focus to life sciences sector

Canary Wharf Group shifts its focus to life sciences sector

by • News, Property

The development of a major life science cluster at Canary Wharf continues to build momentum with a range of life sciences focused start-ups and scaleup businesses joining the growing community of technology businessesThe development of a major life science cluster at Canary Wharf continues to build momentum with a range of life sciences focused start-ups and scaleup businesses joining the growing community of technology businesses at its specialist co-working and office hub, Level39, according to a new statement from Canary Wharf Group. Launched by Canary Wharf Group ten years ago, Level 39 is now home to over 180 start-ups and scaleups innovating in FinTech, Cyber Security, CleanTech, Blockchain, Life Sciences and HealthTech. (more…)

UK productivity continues to drag despite variations across sectors

UK productivity continues to drag despite variations across sectors

by • Business, News

The UK has seen a significant dip in productivity growth since the Global Financial Crisis of 2007-8, according to a new report from PwC UKThe UK has seen a significant dip in productivity growth since the Global Financial Crisis of 2007-8, according to a new report from PwC UK. However, this new analysis also highlights sectoral differences in productivity growth, with some sectors performing better than others in recent years. The slowdown in manufacturing productivity is also shown to have played a significant role in the fall in economy-wide productivity, but there is positive sentiment amongst manufacturers, with almost 1 in 5 expecting to see gains of 10-25 percent in the coming year. According to PwC UK’s new UK Productivity Tracker, a lack of sustained investment expenditure may be behind the UK’s weak performance. (more…)

American employees spend 200 hours a year watching adult sites on their work computer

American employees spend 200 hours a year watching adult sites on their work computer

by • Flexible working, News, Technology, Workplace

American employees are wasting hundreds of contracted work hours a year using their work equipment for personal tasks and activities, according to a new survey from ExpressVPN. The survey, conducted by the consumer privacy and security company, found that some people are spending only 33 percent of annual contracted hours on work tasks. With a steep rise in hybrid and home working in recent years, many companies have provided employees with work devices to use in the comfort of their own homes, including work laptops, desktops, phones, and microphones. (more…)

Half of people in the UK say they feel ‘overworked’

Half of people in the UK say they feel ‘overworked’

by • Flexible working, News, Wellbeing

More than half (53 percent) of employees in the UK ay they feel overworkedMore than half (53 percent) of employees in the UK ay they feel overworked, citing factors like reaching their maximum capacity, being spread too thin, or stressing over the threat of additional work – according to a poll from Censuswide, commissioned by Visier. The survey of around 1,000 people claims that young professionals aged 25-34 say they feel most overworked, followed closely by those aged 55+. Four in ten (40 percent) employees polled would look for a new job with a better work-life balance if they felt overworked.   (more…)

Robots will improve your wellbeing – as long as they look cute

Robots will improve your wellbeing – as long as they look cute

by • News, Technology, Wellbeing

Robots can be useful as mental wellbeing coaches in the workplace – but perception of their effectiveness depends in large part on what the robot looks likeRobots can be useful as mental wellbeing coaches in the workplace – but perception of their effectiveness depends in large part on what the robot looks like. That is according to researchers from the University of Cambridge who conducted a study of a tech consultancy firm using two robot wellbeing coaches. In the study, 26 employees participated in weekly robot-led wellbeing sessions for four weeks. Although the robots had identical voices, facial expressions, and scripts for the sessions, the physical appearance of the robot affected how participants interacted with it. (more…)

Most hybrid workers worldwide don’t think they’ll return to old ways of work

Most hybrid workers worldwide don’t think they’ll return to old ways of work

by • Flexible working, News, Wellbeing

A poll of 3,000 office workers by Insights Learning & Development claims that 70 percent of hybrid workers in the UK want to maintain the arrangement permanently.A poll of 3,000 office workers by Insights Learning & Development claims that 70 percent of hybrid workers in the UK want to maintain the arrangement permanently. According to the report, UK employees are generally happy with their hybrid working arrangements – more so than employees in the US, Canada and France. Overall workers in the Netherlands are most satisfied with their hybrid working arrangements. (more…)

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