Search Results for: confidence

Over-50s urged to return to work to deal with staff shortages

Over-50s urged to return to work to deal with staff shortages

over-50sThe British Chambers of Commerce has said employers and the Government need to work together to bring older people back into the workforce. According to ONS data,  around 500,000 older people have left the workforce in recent years, many of them prompted to do so by the pandemic. The number of over-50s who aren’t working or currently looking for work rose by 493,000 between October 2019 and December 2021. According to the Office for National Statistics, one in five did so due to stress or other mental health concerns. More →

Extraverts don’t always make the best leaders

Extraverts don’t always make the best leaders

extravertsThe ‘extraverted leadership advantage’ is a well-recognised phrase among researchers which describes how the characteristics of an extraverted personality create an advantage in the workplace when it comes to leadership roles. Extraverts are typically outgoing, loud, assertive, and high energy, so if you’re in a meeting with them they tend to speak up often. They can be hard to miss, which is what leads to many extraverts naturally taking on the role of a leader. More →

Human resources professionals should focus on boardroom partnerships

Human resources professionals should focus on boardroom partnerships

human resources partnershipsThe future of Human Resources remains a hotly debated topic, with conversations often focusing on whether the term is still accurate and how internal and external changes often put HR in a state of flux. As working models shift and new post-pandemic challenges emerge, the focus should be on what skills today’s HR leaders need to support the business and ensure its continuity and success in an evolving landscape. This includes embracing imminent changes to the HR strategy to develop additional skills and capabilities whilst ensuring compliance with new regulations, overcoming staff shortages and meeting heightened candidate expectations. More →

Two thirds of US employees resist calls for a ‘return to the office’

Two thirds of US employees resist calls for a ‘return to the office’

return to the officeNearly two thirds of American employees are resisting the calls for a ‘return to the office’, according to a poll published in The Hybrid Performance Review from Poly. The firm surveyed 5,000 US employees and employers to uncover how workspaces, technology, and personality traits impact performance; and how employers are responding. More →

KI furniture brings versatility and a sense of heritage to PwC’s new Belfast office

KI furniture brings versatility and a sense of heritage to PwC’s new Belfast office

KI Furniture PwC BelfastPwC, the global professional services provider, has made a significant investment in the city of Belfast by relocating its offices to Merchant Square. The move to the city centre comes from a desire to not only support the growth of the company, but to signal its confidence in the area and encourage other businesses to take a similar initiative. The new workplace is spread across 200,000 sq ft over nine floors and provides the regional hub for around 3,000 employees. The building is an amalgamation of three existing structures with a dramatic feature staircase linking floors four, five and six. The hope is that the new office will help to increase employee numbers over the next few years, meaning the design needed to have versatility as well as longevity. To meet both of these requirements, a wide range of KI furniture was specified by the lead interior designer, BDP. More →

Small business focussed more on measuring productivity in new era of work

Small business focussed more on measuring productivity in new era of work

measuring productivityA new report from Be the Business, tracking business performance and management capabilities has found business leaders are positioning themselves to improve productivity levels, including increased adoption of e-commerce, and greater emphasis on measuring business performance and strategic planning. The Productive Business Index (PBI) is derived from a survey of over 1,000 directors of companies with 2-249 employees. The PBI features a headline number, indicating the overall health of businesses, and sub-indices which provide insight on key productivity drivers such as management skills; technology adoption; training and HR; operating efficiency; and innovation. More →

Levelling up agenda failing to address city imbalances

Levelling up agenda failing to address city imbalances

The UK’s smaller towns and cities are expected to show stronger economic growth than those that are larger and more metropolitan and there is an increased focus from the public on wellbeing, the environment and income distribution, according to PwC’s annual Good Growth for Cities report. Areas such as Bournemouth, Exeter and Plymouth, are expected to see the strongest gross value added (GVA) growth rates for 2021 and 2022, with cities in the North and Midlands continuing to lag behind despite the Government’s ‘levelling up’ agenda. More →

Retrofit offers the greatest opportunity for a commercial property market beset by uncertainty

Retrofit offers the greatest opportunity for a commercial property market beset by uncertainty

Retrofit an opportunity for commercial propertyIn the context of a second major economic shock from war in Ukraine and continuing inflationary concerns, the PWC / ULI report Emerging Trends in Real Estate Global Outlook 2022 focuses on the global outlook for the real estate industry increasing pressure for finance to support the decarbonisation of real estate. The industry challenges lenders and their regulators to provide debt for the retrofit of existing buildings and the scale-up of the ‘climate tech’ needed. More →

The much talked about new normal doesn’t exist, but the world has changed in profound ways

The much talked about new normal doesn’t exist, but the world has changed in profound ways

no new normalThe World Health Organization officially declared COVID a pandemic on March 11 2020. Now, two years later, there’s light for some at the end of the tunnel. In many wealthier countries, which have benefited from several rounds of vaccination, the worst of the pandemic is over. We’ve got here by learning a lot of new health behaviour, like wearing masks and sanitising our hands. Many of us have also developed a variety of social habits to reduce the virus’s spread – such as working from home, shopping online, travelling locally and socialising less. But as parts of the world emerge from the pandemic, are these new habits here to stay, or do old habits really die hard? Is there a new normal? Here’s what data can tell us.

 

 

Work

One of the biggest changes predicted during the pandemic was a long-term shift towards home or hybrid working. However, there are already signs that this transition might not be as obvious or complete as expected.

[perfectpullquote align=”right” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]The signs of the transition to hybrid work are not as obvious or complete as expected[/perfectpullquote]

In the UK, the proportion of people working from home at least some of the time increased from 27 percent in 2019 to 37 percent in 2020, before falling to 30 percent in January 2022. Similarly, in the US the proportion working from home declined from 35 percent in May 2020 to 11 percent in December 2021.

One of the main reasons people are going back to the office is employers’ expectations. Many companies are concerned that more permanent home working might affect employees’ team building, creativity and productivity.

But among employees, there’s a greater appetite for hybrid and flexible working. One recent multi-national survey found that whereas roughly one-third of workers had worked at home at least some of the time before the pandemic, roughly half said they want to in the future.

 

Shopping

The pandemic didn’t create the habit of online shopping, but it makes more of us do it. Did this make us realise we don’t need actual stores anymore?

It doesn’t seem so. Shopping in bricks-and-mortar stores has already started to recover. Recent data on people’s movements, gathered anonymously from mobile devices, shows how in many countries, before omicron hit, travel to retail and recreation spaces was back up to pre-pandemic levels, and is already starting to rebound after omicron.

The rise in online sales has also not been as dramatic or sustained as many predicted. In the UK, online sales made up 20 percent of total retail sales before the pandemic. By February 2021 this had risen to 36 percent, before declining steadily to 25 percent in February 2022.

 

Travel

One habit that might take longer to recover is our pre-pandemic love of international travel. It has taken a hit around the world, and the sector is still struggling. The UN’s International Civil Aviation Organization projects that international travel in 2022 will still be down by nearly a half compared to 2019.

One British survey conducted last September found that while 80 percent of people were planning on holidaying in the UK in the next year, only around 40 percent were considering going abroad. In comparison, in the 12 months up to July 2019, 64 percent of Brits travelled abroad for a holiday according to one travel industry body.

People’s reluctance to travel has been largely down to concerns over the virus and confusion over travel rules. As worries decline and rules get lifted, we may see a “mini-boom” in holidaymaking.

 

Socialising

Early in the pandemic, some commentators – including the US chief medical adviser Dr Anthony Fauci – suggested we might never return to shaking hands. I, with my colleague Dr Kimberly Dienes, argued that it was vital these rituals make a comeback, as they have several social, psychological and even biological benefits.

Are social-distancing habits, including meeting fewer people and having less physical contact with those we do, here to stay? For most people, no. Data shows only one-third of people in the UK are still socially distancing regularly, the lowest proportion since the pandemic began.

 

No new normal

But truly, only time will tell how much the pandemic will have changed our habits. However, bolder predictions – that the pandemic was going to completely and irrevocably change our ways of working, shopping, travelling and socialising – now seem premature and exaggerated. The pandemic has taught us we can work, learn, shop and socialise in different ways, but the question now is whether we still want to.

[perfectpullquote align=”right” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]The pandemic has taught us that we need to connect with others[/perfectpullquote]

Humans have basic needs, such as autonomy, feeling related to others, and feeling effective and competent in what we do. Part of the challenge with home working, for example, is that it simultaneously fulfils one need by giving us greater autonomy but takes away another by making us less connected. Expanding adequately supported, equality-focused, hybrid and flexible working arrangements is perhaps a promising way to meet both needs.

Some people will have acquired a sense of competence, or at least familiarity, with the new ways of doing things during the pandemic and so may wish to keep doing them. In some areas – travelling overseas, for example – it may take longer for our competence, and confidence, in old habits to return. However, many seem to be quite quickly returning to old ways and re-learning how to feel competent at doing things that they did before.

The extent to which we’ll go back to our old ways may also depend on our personality traits, which have been shown to shape our compliance with new behaviour. For example, those more open to new experiences by nature, or more extroverted, may be more eager to travel internationally or socialise in larger groups.

Finally, the pandemic may have served as a reminder of how much we appreciate everyday interactions with others, in shops, restaurants and so on. People may be keen to return to familiar ways that revive this – for example, picking something up in a store on the way home from work. Above all, the pandemic has taught us that we need to connect with others and that there are limits as to how much online communication can replace real, face-to-face interactions.

This article is republished from The Conversation under a Creative Commons license. Read the original article.

New RICS framework aims to “put people at heart of commercial property”

New RICS framework aims to “put people at heart of commercial property”

commercial property and peopleA new framework from the Royal Institution of Chartered Surveyors has been designed to improve building use, support flexible working and put people at the heart of decision making about commercial property. RICS says the International Building Operation Standard will provide organisations an interactive easy-to-use framework, supported by an assessment tool, to measure and benchmark building performance, by collecting consistent data to satisfy the latest needs of occupiers, investors, advisors and end users. More →

Half of business leaders now paralysed by decision making

Half of business leaders now paralysed by decision making

decision makingHalf (48 percent) of UK C-suite leaders now feel less confident making business-critical decisions compared to before the pandemic, according to a report (registration / promotion) commissioned by Treasure Data. The survey of 500 business leaders in the UK the impact the pandemic has had on leadership decision-making, and reviews whether these decision making processes are fit for purpose in a new era of unpredictability. More →

London office market ‘returns to normality’ in latter half of 2021

London office market ‘returns to normality’ in latter half of 2021

london office market broadgateAvison Young’s latest research claims that occupier activity in the London office market last quarter increased to 3.1 million sq ft, 27 percent above the previous quarter, to reach levels last seen in 2019 in what the report claims is ‘a strong sign that London’s occupiers are approaching their workplace strategies and office use with increased confidence’. The firm claims that nine deals above 100,000 sq ft were completed during the last six months, more than in the preceding eighteen months combined. More →