March 29, 2023

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

by Neil Franklin • News, Technology, Workplace

The 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…)

March 23, 2023

UK productivity continues to drag despite variations across sectors

by Jayne Smith • 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 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…)

March 15, 2023

The UK workplace sector reacts to the Spring Budget 2023

by Jayne Smith • Environment, News, Property, Workplace

Today the UK’s Chancellor of the Exchequer, Jeremy Hunt presented his Spring Budget to the House of Commons. In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’. Perhaps the headline element of this announcement was the creation of twelve new investment zones across the UK as well as incentives for older workers to return to the country’s patchy workforce. This includes£63m for programmes to encourage retirees over 50 back to work, “returnerships” and ‘skills boot camps’. Another headline for the workplace sector was the offer of improved childcare arrangements, especially for the parents of very young children, who will see 30 hours of free childcare expanded to include one and two-year-olds. (more…)

February 20, 2023

Unlocking the digital frontier: hiring the next generation of tech talent

by Freddie Steele • Company news, Workplace

Any business that is looking to grow its consumer base or expand into new markets is likely to be relying on digital technology to a greater extent than ever before both in their operations and management. This also means that the world of employment, both for workers and enterprises, is necessarily evolving too. An inevitable consequence of this evolution has been that those for whom technology has been an essential part of their life and education — so-called digital natives — are in growing demand. (more…)

February 13, 2023

Childhood’s end for work and the need for a grown-up conversation about it

by Mark Eltringham • Features, Flexible working, Technology, Wellbeing

Arthur C Clarke’s finest novel Childhood’s End is the story of an Earth that is invaded by a force of alien Overlords. This is not a destructive colonial invasion, which is why there’s no Hollywood blockbuster in the tale, but a seemingly benevolent intervention which ushers in a golden age for humanity. Although humankind initially does not get to meet the Overlords in person (for reasons I won’t give away here), the aliens unite the world’s governments, eradicate crime, conflict and the nation state and do away with the need for creativity and hard work. It is the literal end of history.

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February 10, 2023

Working parents are resilient, and a resilient team is good for business

by Erin Eatough • Comment, Wellbeing

Last week, Parent Mental Health Day renewed our focus on working parents and their resilience, the ability to adapt to change, deal with stress, and foster optimism despite difficulty. From a business perspective, resilience is the way that employees recognise and respond to challenges as opportunities to develop rather than as a threat or setback. Resilience is an important skill for us all as we manoeuvre through life’s daily trials and it is particularly important for working parents as we often juggle more responsibilities outside of the workplace. (more…)

February 9, 2023

Firms struggle to get a grip on people data despite workplace challenges

by Jayne Smith • News, Technology, Workplace

A new CIPD survey of business leaders claims there is a significant mismatch between the scale of the challenge that workplace issues currently pose to businesses and how often workforce issues and people data are discussed by senior leaders. In response, the CIPD is warning that organisations are unlikely to perform well in the long term unless decisions taken at a board and executive management level are informed by an in-depth and evidence-based understanding of the value and risk their workforce poses. (more…)

February 8, 2023

Poor air quality affects chess players, and it might be affecting you too

by Francis Pope • Features, Wellbeing

Humans are exposed to poor air quality and pollution almost everywhere. The World Health Organization estimate that 99 percent of the world’s population breathe in polluted air each day. Chess players competing indoors are no exception – and it can affect their performance. A recent study conducted by researchers from Maastricht University (Netherlands) and the Massachusetts Institute of Technology (USA) analysed the quality of chess moves across multiple German chess tournaments. They found that chess experts perform worse when there is more particulate matter (PM2.5) in the air. (more…)

January 4, 2023

What IS hybrid working?

by Neil Usher • Comment, Flexible working

In an uncharacteristically Waddellian moment*, the Word of the Year for 2022 according to The Economist was ‘hybrid work’. Yet despite its ubiquity, in the comparative calm of social channels over the holiday period lurked claims that no-one knows what hybrid working is. Even though millions of people are doing it. Given that such an assertion came as a surprise, there was only ever going to be one opening post for 2023: an attempt to explain it. (more…)

December 14, 2022

How different European countries tax working from home

by Jayne Smith • Flexible working, News

When it comes to the tax implications of working from home, Belgium seems to be the most attractive European country. Those regularly working from home in Belgium can claim over €1,700. No other of the eleven nations examined by The Mobile Bank N26 manages to match the Belgians in this regard. In addition to Germany’s neighbour, Spain, Italy, Ireland, the Netherlands, Germany, Austria, Portugal, Greece, Poland and France were also analysed. As the data suggests, regulations and tax relief opportunities differ between nations, sometimes significantly. (more…)

December 7, 2022

Growing numbers of young people feel alienated by jobs market

by Neil Franklin • News, Workplace

New research from City & Guilds suggests that the odds are being stacked against young people’s futures and career aspirations – particularly the most disadvantaged. Following a trend of chronically high youth unemployment, the poll of 5,000 18-24-year-olds living in the UK claims that 13 percent are currently unemployed (not in work or studying) and a further 3 percent are economically inactive – equating to approximately 859,000 young adults out of work and education across the UK. (more…)

November 30, 2022

Majority of firms currently using technology to plug talent gaps

by Neil Franklin • News, Technology

In the face of hiring and skills issues, 77 percent of UK organisations say they are finding ways for technology to do jobs formerly performed by people, according to a new poll from Rackspace Technology. According to the survey, two thirds (64 percent) of UK companies are downsizing their staff, facilitated by technology, out of a necessity, with roles in customer service the most likely to be automated, as identified by 70 percent of business decision makers – followed by IT operations (62 percent), sales and marketing (57 percent), business operations (56 percent), and HR and admin (56 percent). (more…)