July 9, 2019
One-fifth of sole traders in self-employment don’t survive one year, and the majority don’t survive five, according to a new study from the Institute for Fiscal Studies (IFS). The analysis of HMRC tax records by researchers at the IFS was funded by the Office for National Statistics through the Economic Statistics Centre of Excellence (ESCoE) and the Economic and Social Research Council. More →
July 3, 2019
When business operators are planning their company’s office, price is often chief among their priorities. Keeping the fixed cost of real estate low helps companies project—and increase—their expected income. Price is not just a consideration when it comes to rent; assets such as office furniture are often purchased en masse and for purely utilitarian reasons. Sure, a business is saving money by designing a no-frills, utilitarian office, which some Feng Shui experts would agree with, but what they are ignoring is how space affects productivity, motivation and enjoyment. More →
July 2, 2019
Firms in the FTSE 100 are on track to reach the target of 33 percent of women on boards by 2020 that was set by the Hampton Alexander Review. In its July update, the organisation reports that 27.5 percent of FTSE 250 board positions now held by women, up from 24.9 percent three years ago. The figures suggest that if progress matches the same gains made over the last 3 years, then FTSE 100 companies are on track to meet the 2020 target. Just under a third (32.1 percent) of FTSE 100 board positions are now held by women, up from 12.5 percent in 2011. More →
July 2, 2019
A significant proportion of the global population is concerned about the use of artificial intelligence (AI), with scepticism about its use by business greater than its use by government, a poll published by the World Economic Forum suggests. According to the poll, which surveys the attitudes of over 20,000 people across 27 countries, 41 percent of respondents said that they were worried about the use of AI. This compares to 27 percent that disagreed and 32 percent that were undecided. When asked whether the use of AI by companies should be regulated more strictly than it is today, 48 percent of respondents said they agreed compared to 20 percent that disagreed. More →
June 27, 2019
Last week’s report from the IFS detailing the ongoing rise in the numbers of working poor in the UK highlights just how dysfunctional work can be in the modern era. While depictions of work in the media tend to consist of diverse Millennials clustering around a single laptop in the sun-dappled offices of tech firms, or chilling on the Chesterfield in a coworking space, the reality for many people is somewhat different. More →
June 26, 2019
A new report from the Economist Intelligence Unit and UiPath claims that organisations around the world currently making extensive use of automation technologies, with 67 percent of UK business executives claiming to be satisfied satisfied with the results of their automation initiatives, 48 percent describing their organisation’s progress with automation as advanced, and 73 percent expecting their company’s operating costs to improve as a result of automating business processes. It is published on the same day as another report suggests that up to 20 million manufacturing jobs could be lost to robots across the world’s leading economies by 2030, replaced by a range of new jobs. More →
June 25, 2019
Many larger businesses are struggling to implement digital transformation in spite of the dangers to their long term survival, a new joint report from CBI and Oracle claims. According to Bigger, Faster, Stronger, the improved adoption of technology could unlock productivity and wage growth. Research shows that more adoption, coupled with better management practices, could add £100 billion to the UK economy and cut income inequality by 5 per cent. However, only 54 per cent of UK companies believe disruptive technologies play an important role in their organisation, much lower than in countries such as France, Germany, India and Russia. More →
June 21, 2019
The latest research from JLL, Disruption or distraction, where next for the UK flex market sector, claims that the real revolution of flexible office space lies in the variety of solutions now on offer and that the market has seen more changes over the last three years than the previous 30 combined as it continues to grow and evolve. JLL’s research claims that over the next five years more than 10m sq ft will be added to the stock in the key UK cities and flex space will account for over 8.5 percent of the total office stock by 2023. More →
June 14, 2019
Macmillan estimates that more than 125,000 people of working age are diagnosed with cancer in the UK every year, and the number of people surviving cancer will rise by approximately 1 million per decade and reach 4 million by 2040. With more people choosing to work longer, there are likely to be many cancer survivors choosing to return to work. Macmillan have also identified that over 80 percent of those who were working when diagnosed with cancer thought it important to continue working, but 47 percent had to give up work or change their roles as a result of their diagnosis. So helping people to return to work after cancer is an important issue for employers. More →
June 10, 2019
Nearly half (45 percent) of US workers say they earn extra income by using a side hustle, according to a new report from Bankrate.com. This includes both full-time (43 percent) and part-time (51 percent) workers. For most (66 percent), the extra money accounts for less than half of their monthly earnings. However, around a third of the 2,550 people surveyed say the extra income is needed to pay regular living expenses. Slightly more (34 percent) say they use the money for discretionary spending and 27 percent say it’s to boost their savings. More →
May 29, 2019
In recent years, the concept of biophilia and the inclusion of greenery in the working environment has captured the media’s attention, which has depicted it as an important aspect of wellbeing in the workplace, seemingly the crucial indicator of a great office. For this reason, and beyond the superficial or cosmetic use of plants in the office, I would like to analyse the relationship between nature and the corporate world from a historical perspective in an effort to understand the role of greenery within the architecture of the corporate headquarters.
July 5, 2019
Closing the gender pay gap needs more than final ideas of Theresa May
by Sarah King • Comment, Workplace