Search Results for: tech

April 24, 2018

Globalisation prompts increase in number of CEOs from abroad at FTSE companies

Globalisation is leading to a growing trend amongst FTSE listed companies to hire senior leaders from abroad as organisations look for leaders with international experience. Although UK CEOs remain the first choice, with 60 percent of CEOs who were appointed through internal promotion last year being British, according to the Robert Half FTSE 100 CEO Tracker, UK companies are now increasing the number of global CEOs within the FTSE 100. In practise this means that the total number of UK CEOs leading the FTSE 100 has slipped to 61 of the total 100 companies from 65 a year ago. Nearly half (47 percent) of those CEOs who were hired externally for the top position were of other nationalities and of the 14 new CEO hires made this year, eight were of UK heritage, while six are leaders from the rest of the globe, edging the dial ever closer to a 50/50 split.

April 20, 2018

Remote working may be doing some people more harm than good

by Neil Franklin • Flexible working, News, Wellbeing

Remote working isn’t necessarily as ideal as we have grown to believe, according to a new survey which claims it may be doing more harm than good in some cases. The new research report from Citrix claims that remote working may actually hurt productivity and often makes employees feel disconnected, lonely, and not having access to all the right and necessary technology to get the work done on time, and in proper fashion. Out of 1,000 workers and 500 managerial-level employees in the UK who were polled for the report, 81 per cent said their companies do have more than one location where they can work. These locations differ in performance regarding technology, culture, resources and collaboration.

April 18, 2018

Getting meeting room management and room booking software right

by Neil Franklin • Company news, Facilities management, Technology, Workplace design

Meetings and booking of conference rooms and resources are an essential part of any business and unless you have a system to effectively manage and optimise these processes, organising a meeting can be overwhelming and time-consuming. According to a study made by thinkgrowth.org the average employee spends about five hours in meetings per week and four hours preparing for these meetings. The numbers are not decreasing. In fact, meeting frequency is increasing each year and it is clear that business meetings aren’t going away anytime soon.

April 18, 2018

Employee productivity is being hindered by information overload

by Sara Bean • Technology, Workplace

Employee productivity is being hindered by information overload, finds survey More than a third of employees’ waste significant chunks the working day because of difficulties retrieving valuable information, with two-fifths of businesses admitting to having no processes in place to capture, record and retrieve business communications. The research conducted by 3Gem on behalf of TeleWare, claims that 36 percent of employees have wasted a lot of the working day attempting to resolve an issue when they have forgotten valuable information. A similar number (34 percent) explained that forgetting information has led them to deal ineffectively with customers, suppliers or clients. While around a quarter have missed important deadlines (26 percent) or let their colleagues down (25 percent) due to not having the necessary information front of mind. Britain is not doing very well when it comes to workplace productivity. According to the latest G7 productivity analysis from ONS, in terms of output per hour worked, the UK scored 15.1 percent below the average for the rest of the G7 advanced economies.

April 17, 2018

Robots will lead to increased productivity without stealing jobs, but wages will fall

by Sara Bean • AI, News, Technology, Workplace

Robots will not as feared steal people’s jobs and will eventually improve productivity, but they will undercut workers’ contribution sufficiently to depress their wages. According to the third report in Barclays Impact Series, titled Robots at the gate: Humans and technology at work, technology is fundamentally re-shaping the nature of work, and the implications of this re-shaping process will accelerate in coming decades. The report authored by Barclays’ Research team and supported by the Barclays Social Innovation Facility sets today’s technological advancements in the context of historical precedent and argues that robotics and Artificial Intelligence do not portend a jobless future. However, these new technologies have important macroeconomic consequences, such as wage disinflation, which will likely continue in the years or even decades to come. The report also argues that productivity spurts lag behind technological leaps, as it can take years or even decades for an economy to figure out how to best use a new technology. Eventually, economies of scale are reached, consumer behaviour adapts, companies refine their business models and productivity growth finally kicks in. More →

April 16, 2018

Artificial intelligence should have a clear ethical dimension, claims new government report

by Mark Eltringham • AI, News, Technology

While the UK is in a strong position to be a world leader in the development of artificial intelligence which would deliver a major boost to the economy, ethics should be at the heart of its development, according to a new report from the House of Lords. AI should never be given the “autonomous power to hurt, destroy or deceive” people, it adds. The Lords’ report called on the government to support businesses in the field. It also recommended that people be educated to work alongside AI in the jobs of the future. It said that such education would “mitigate the negative effects” on jobs which are possible as AI develops.

April 16, 2018

Local authorities spend £3.8bn on commercial property in last five years

by Mark Eltringham • News, Property, Public Sector

Local authorities have invested around £3.8 bn in commercial property over the last five years, a new study claims. The report (registration required) from property consultancy Carter Jonas and Revo claims that of the £3.8 bn invested, nearly half was spent on the acquisition of office space. It found that Spelthorne Borough Council in Surrey (pictured) was the largest local authority investor committing £477.1 m to assets within its domain. This is more than double its nearest rival Warrington Borough Council (£219.5 m) and is largely down to the purchase of BP’s International Centre for Business & Technology in Sunbury for £360 m.

April 12, 2018

Third of fathers lack access to flexible working arrangements, claims study

by Mark Eltringham • Flexible working, News

Almost a third of working fathers in the UK lack access to flexible working arrangements, new research says. The British Sociological Association’s annual conference in Newcastle heard this week that 30 percent of employed fathers surveyed could not work part-time, have flexible employment hours or work in a job share. The rate for women without flexible working was lower –10 percent, the researchers, from the UCL Institute of Education, the University of East Anglia, and the National Centre for Social Research (NatCen) found.

April 10, 2018

British employers are failing to prepare staff for automation

by Mark Eltringham • AI, News, Technology

UK employees aren’t being equipped with the skills required by an automated workplace, according to a new study from ADP. The findings suggest that despite a third (32 percent) of workers believing their job will be automated within 10 years and one in ten (10 percent) predicting it will happen in two, half of those affected (49 percent) say their employer isn’t preparing to train or reskill them for the new world of work. ADP surveyed 1,300 UK working adults across the country as part of The Workforce View in Europe 2018, which gives a snapshot of employees’ views about their jobs, workplace and career plans. The report claims that thousands of workers are worried about the prospect of mass automation and how this will impact their own career prospects if they aren’t prepared with the right skills.

April 9, 2018

Rising demand for Grade A office space helps sustain Edinburgh commercial property market

by Sara Bean • Cities, Coworking, Facilities management, News, Property, Public Sector

Technology, media, and telecommunications (TMT) companies are continuing to play a prominent role within Edinburgh’s office market, accounting for approximately 30 percent of transactions in the city. But rising demand for Grade A office space in Edinburgh by a variety of organisations, including coworking, private and public sector tenants has fuelled significant occupier demand during the first quarter of 2018, according to analysis by property consultancy, Knight Frank. The latest commercial property figures show approximately 460,000 sq. ft. of new occupier requirements came onto the market in the first three months of the year from companies looking to lease office space in Edinburgh. More →

April 9, 2018

How the UK car industry is driving the future of workplace design

by Paul Dunn • Comment, Workplace design

The British car industry has grabbed numerous headlines since the Brexit referendum due declining car sales and the uncertainty of its economic and regulatory prospects. In spite of these mounting concerns, the industry continues to invest in the design of its workplaces, not only by creating inviting and engaging places to work, but also by integrating automotive approaches to design and construction into the work environment. As a result, these workplaces don’t just help car companies to stay competitive; they also provide new ideas for all sectors eager to build smarter and more efficient places to work.

April 6, 2018

UK enjoys largest jump in productivity for a decade but challenges remain

by Mark Eltringham • News, Workplace

Britain’s economy enjoyed uncharacteristically solid productivity growth in the last three months of 2017 to record its strongest six months in more than a decade, new official figures show. Economic output per hour worked rose by 0.7 percent in the fourth quarter of 2017 – above its long-run average though marginally less than estimated in February – and the third-quarter figure was revised up slightly to 1.0 percent. Together they show the strongest growth since the second half of 2005. British productivity has largely stagnated over the past decade and is commonly seen as a chronic challenge. Over the past 10 years Britain’s productivity growth has been the weakest since modern records began and appears to be the slowest since the early 1820s. Overall output per hour, a driver of living standards, is only 1.8 percent above the pre-financial crisis peak it reached at the end of 2007.