A mixed forecast for the accountancy profession: Brexit highs and digital lows

A mixed forecast for the accountancy profession: Brexit highs and digital lows 0

by • Comment, Flexible working, Technology

The accountancy profession is facing an uncertain future in the traditional sense. The question of automation is on everyone’s minds, as are the complexities of Brexit. On the one hand, news from the Association of Chartered Certified Accountants (ACCA) suggests accountants will be in high demand during the Brexit process, on the other, gloomy reports of job automation suggest accountants will be one of the professions hardest hit in Britain’s long-term future. The implications of Brexit are yet to be uncovered. Clearly, Brexit will be a complex process and businesses will undoubtedly require the strategic insight and rigour of the accountancy profession. We have accepted that exiting the EU will likely be a complicated drawn-out process. The effects on business will be bound up in complex trade deals, government policies and the ratification of EU laws affecting business in the UK.

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Quarter of UK workers would move jobs for office with a better mobile signal

Quarter of UK workers would move jobs for office with a better mobile signal 0

by • Facilities management, News, Technology, Workplace

One in four (25 percent) of British office workers say they would consider moving jobs (or have already moved) due to a lack of mobile coverage in their building, claims new research from Arqiva, which highlights the worrying extent of the UK’s struggle for adequate indoor mobile coverage and its potential impact to businesses in the future. The survey, conducted among 1,000 UK office workers, revealed that as many as 1 in 2 (49 percent) respondents have experienced poor mobile coverage (i.e. dropped calls or a lack of signal) within their office building. Of those, almost three quarters (72 percent) say this is an occurrence that happens every week, and a quarter (25 percent) say it is something they face daily.

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Automation starting to generate productivity gains, but no major job losses yet

Automation starting to generate productivity gains, but no major job losses yet 0

by • News, Technology, Workplace

Business process automation is enabling companies to realise significant productivity gains in such areas as finance, accounting and HR, but it is not yet leading to broad job losses, according to a new study from tech research firm Information Services Group (ISG). Beyond automation’s impact on enterprises, the first ISG Automation Index report also claims that IT service providers are extensively introducing automation into their offerings, leading to dramatic improvements in productivity and service levels. This accelerated pace of change is prompting the vast majority of IT and business leaders to say that IT will be the business function most impacted by automation in the next two years.

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Three workplace managers walk into a bar … and the rest is no joke

Three workplace managers walk into a bar … and the rest is no joke 0

by • Facilities management, Features, Technology, Workplace, Workplace design

This is a long tale, but a worthwhile one to tell, and something that many of you will relate to, especially if you have anything to do with workplace design or management. Three managers walk into a bar. This is always a good place to start. They each have gender-neutral names, so I’ll leave you to work out whether they may be male or female. Not that it even matters in this context. Frankie gets there first. “Hi. Large glass of wine please. What do you have?” The bartender pauses, then replies: “We have … red … or … um … white. Um … oh, and fizzy and pink”. Frankie thinks for a moment, dismisses the idea of a cocktail or a short, then orders a beer. It’s a corporate training centre after all. What would you expect in a place like this? An extensive wine list?

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Manchester leads the UK as regional creative talent market place for tech and media

Manchester leads the UK as regional creative talent market place for tech and media 0

by • Facilities management, News, Property, Technology, Workplace

Manchester leads the UK regional creative talent market to house tech and media

Manchester tops the ranking as the leading UK regional creative talent market, having the key ingredients required by this sector to progress and develop as a future destination for the creative industries (including publishing, film, TV, media, digital, computer programming and information services). This is according to ‘Creative Regions’, a first of its kind report, showcasing the Top 25 Regional Creative locations in the UK [outside of London] published by CBRE. Common characteristics of successful creative locations, suggest the report, include large concentrations of creative businesses and professionals, deep talent pools of highly educated graduate populations, large and growing millennial populations, good transport connections, quality of life and proximity to world class universities with strong research and computer science ratings. The report’s also found that Reading punches well above its weight as a creative talent destination, given the size of its office market; Scotland features particularly well with Edinburgh and Glasgow in the top five list, and 11 of the top 25 creative talent locations are in the East and South East.

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Organisations out of step with workers in the digital workplace era

Organisations out of step with workers in the digital workplace era 0

by • News, Technology, Workplace design

digital workplaceAlthough we now struggle to imagine living in a world without smartphones and the Internet, organisations appear to be slightly out of step with the digital era, according to a new study of their behaviour by Oxford Economics and Citrix. The research, published in a report called Building the Digital Workplace, measured progress toward digital work at organisations around the world. It found that there is a pressing need for organisations to develop a coherent digital strategy especially with regard to work. Although all the common concerns remain about security, costs and skills remain, the report suggests that firms need to do more to reap the benefits of a digital workplace. It cites the example of firms who have done most to develop a digital workplace strategy and the positive outcomes they have enjoyed.

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Number of CEOs with technical background grows to meet demands of digital economy

Number of CEOs with technical background grows to meet demands of digital economy 0

by • News, Technology, Workplace

Growth of the digital economy

The number of CEOs from a financial background is falling as firms put more sway into technology skills, a new report claims. The annual Robert Half FTSE 100 CEO Tracker shows that in the last four years the number of CEOs with a technology background trebled as businesses prepare to compete in an increasingly digital economy. In 2014, only three CEOs had a background in technology while today this number has increased to 11. There is a also a generational shift occurring in the FTSE 100, with just eight CEOs under the age of 50 on the FTSE 100, a quarter less than in 2010 when there were 33 CEOs under the age of 50. The typical age of a CEO is 55 years old and the average tenure is five years and two months. While a majority of CEOs still have a background in finance, this figure has fallen to 43 percent from 55 percent last year and the lowest level in three years. Of those CEOs with a financial background, nearly half (19 percent) are Chartered Accountants.

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Scotland needs to develop new skills as era of automation threatens half of jobs

Scotland needs to develop new skills as era of automation threatens half of jobs 0

by • News, Technology, Workplace

Urgent reform is needed to deal with the rise of automation, which threatens half of Scottish jobs, a leading think-tank has warned. The stark warning comes in a new report from IPPR Scotland, supported by the JPMorgan Chase Foundation. Scotland’s Skills 2030 outlines the need to reskill Scotland’s workforce for the world of work in 2030. The study claims that 46 percent of jobs in Scotland – or 1.2 million – are at high risk of automation up to 2030 and beyond. It suggests that Scotland’s skills system needs to “retrofit” the workforce with the skills to be ready for technological change – 2.5 million adults in Scotland today (or 78 percent) will still be of working in 2030, report adds.

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Employee’s digital skills not being nurtured, despite growing need for data literacy

Employee’s digital skills not being nurtured, despite growing need for data literacy 0

by • News, Technology, Workplace

The majority of UK employees recognise the importance of data literacy to their career progression, but half have never been offered any relevant training. Statistics from a study of over 3,000 UK employees shows they understand the growing significance of data within their organisation, with almost all (94 percent) of those surveyed stateing that they consider data to be important for performing their role. Data skills were ranked as fourth in a list of the most important skills for their job – with only traditional, ‘soft’ skills such as ‘communication’, ‘organisation’ and ‘people management’ ranking higher. Yet the Censuswide survey, commissioned by Tableau revealed that despite four in five professionals (84 percent) believing data skills will be important for their career progression and a similar percentage (83 percent) using data on a weekly basis as part of their role, nearly half (49 percent) say their employer hasn’t offered them any kind of data analytics training.

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Digital economy bill rushed through Parliament ahead of election

Digital economy bill rushed through Parliament ahead of election 0

by • News, Technology

The government has rushed the Digital Economy Bill through parliament as part of the legislative wash-up ahead of the general election The Bill will introducing provisions for a Universal Service Obligation (USO) that gives people the legal right to request broadband speed of a certain level. The controversial Bill became law at the last possible moment before the dissolution of parliament, but a House of Lords amendment demanding a minimum legal broadband speed requirement of 30Mbps has not made the final cut due to concerns that not enough people have taken up a superfast service on the open market to justify its introduction. However, the government will ask Ofcom to review the minimum download speed once the take-up of superfast has reached 75 percent.

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Millennials’ career choices give them the best chance of adapting to automation

Millennials’ career choices give them the best chance of adapting to automation 0

by • News, Technology, Workplace

As alarm grows in some circles over the impact of technology on future job prospects, a new survey suggests that Millennial’s jobs are likely to be at lower risk of automation. Research into how different generations choose jobs by jobs site Indeed compared the online search patterns of millions of UK jobseekers over the six months to March and found that younger people are substantially more likely to choose roles deemed to be at lower risk of automation. Nearly half of younger jobseekers were drawn to automation-resistant jobs, compared to fewer than four in 10 over-50s. These baby boomers are two thirds more likely than millennials to seek the manual jobs at highest risk of automation. While nearly half of millennials (48 percent) were searching for what economists term ‘non-routine’ roles, 61.1 percent of baby boomers were looking for ‘routine’ jobs. Routine jobs – which include sales, admin, transport and construction roles – are seen as being at higher risk of automation than non-routine work, which includes management, professional and service roles.

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Wiring your brain to the Internet? What could possibly go wrong?

Wiring your brain to the Internet? What could possibly go wrong? 0

by • Comment, Technology, Wellbeing

Neuralink – which is “developing ultra high bandwidth brain-machine interfaces to connect humans and computers” – is probably a bad idea. If you understand the science behind it, and that’s what you wanted to hear, you can stop reading. But this is an absurdly simple narrative to spin about Neuralink and an unhelpful attitude to have when it comes to understanding the role of technology in the world around us, and what we might do about it. It’s easy to be cynical about everything Silicon Valley does, but sometimes it comes up with something so compelling, fascinating and confounding it cannot be dismissed; or embraced uncritically. Putting aside the hyperbole and hand-wringing that usually follows announcements like this, Neuralink is a massive idea. It may fundamentally alter how we conceive of what it means to be human and how we communicate and interact with our fellow humans (and non-humans). It might even represent the next step in human evolution.

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