January 19, 2018
The radical idea of a world without jobs
What AI can and can’t do (yet) for your business
WeWork harms 40 percent of coworking spaces in its vicinity
No blind spots in leopards’ eyes: five hopes for Workplace in 2018
Women and men in STEM at odds over workplace equity
Economists grapple with the future of the labour market
Forget Blockchain and Bitcoin, AI is where you should be focussing
January 17, 2018
Managers are working an extra 44 days a year over and above their contracted hours, up from 40 days in 2015. These long hours are taking their toll, causing a surge in sick leave amongst managers suffering from stress and mental ill health, claims the Chartered Management Institute (CMI), which is calling on UK employers to provide greater support. Long hours and constant communication are having a detrimental effect on the wellbeing of managers it argues resulting in one in ten managers taking time off for mental health in the last year, and for those who do take time out, it’s for an average of 12 days. Of the 1,037 managers surveyed for the report, the average boss puts in an extra day each week. This is an extra 7.5 hours beyond their contracted weekly hours (44.4 hours actual compared to 37.3 contracted), adding up to an extra 43.8 days over the course of the year. This is up from 39.6 days in 2015. The rising gap between contracted and actual hours of work is in addition to an ‘always on’ digital culture, with 59 percent of managers saying they ‘frequently’ check their emails outside of work – up from 54 percent in 2015.
January 12, 2018
Three in 10 business professionals think most of their meetings are pointless and nearly half (48 percent) of UK business people admit to having dozed off in a meeting claims global research by Barco ClickShare. The study revealed the true extent of our shared dislike for business meetings, which many respondents believe are poorly run at best or, at worst, completely pointless. Nearly a third of respondents globally said they found less than half of their meetings to be useful, while 30 percent also said they had dozed off in a meeting before. The UK, in fact, led the way in the asleep-in-meeting stakes, with nearly half (48 percent) of all UK respondents saying they’d fallen asleep in meetings. Checking emails and social media during meetings was also extremely common and another indication of disengagement and distraction. Over 70 percent of people said they regularly checked emails during meetings, while 37 percent access social media.
January 12, 2018
The Building Services Research and Information Association (BSRIA) has launched a new report called Megatrends – Urbanisation (registration needed) which claims to look at the major forces that are shaping the ‘world in which we live and do business’. The report cites as inspiration a 2015 McKinsey report called No Ordinary Disruption, which examined ‘The Four Global Forces Breaking all the Trends’. The four key trends which McKinsey pointed to as already impacting on almost every society, or will do soon, are urbanisation, an ageing population, globalisation and the technological revolution. Since 1950 there has been a massive global movement towards urbanisation. In 1950 fewer than 30 per cent of the world’s population lived in urban areas. By 2010 this had reached 50 per cent and by 2050 the share is forecast to exceed two thirds of the world’s population. This represents one of the biggest and fastest human movements in history and the report sets out to explore its implications.
January 11, 2018
Employees in senior positions are more prone to experiencing workplace performance anxiety than any other role, despite their extra experience and authority, claims new research. The report by conducted by RADA in Business, the commercial subsidiary of the Royal Academy of Dramatic Art found that the highest rates of anxiety for directors are around communicating, affecting 94 percent of those surveyed. 39 percent of senior directors cite networking with new business prospects and pitching as the situations where they feel the most unsure about their performance. Furthermore, almost a third (31 percent) say they are nervous of their ideas being shot down or being talked over, while a similar number (31 percent) say they are fearful of people thinking less of them. The next most-affected group was those in junior positions, with 92 percent reporting the effects of anxiety around communicating. With most people expressing the pressure to make an impact – whether being interviewed for a new job, moving into a more senior role, or presenting to colleagues or customers – as the main situations that bring on anxious feelings the most.
January 9, 2018
Half of SMEs (50 percent) questioned in a new survey have changed the way that they recruit their staff as a result of Brexit. The Albion Growth Report 2017 of more than 1,000 SMEs suggests that for businesses which have changed their strategy as a result of Brexit, 15 percent have decreased recruitment resources, 10 percent have begun recruiting in different ways and 9 percent have made redundancies. A difficulty in finding skilled staff is one of the biggest barriers to growth, behind broader political uncertainty and cash flow, which the research claims could lead to a potential war for talent which is likely to become more intense in the post-Brexit environment. By contrast, SMEs view difficulty in finding unskilled staff as the least significant barrier to growth. The report finds that nearly two thirds (65 percent) of SMEs believe their business lacks expertise. More than a quarter (26 percent) of businesses lack marketing talent, followed by business planning (19 percent), IT (17 percent), and software developers and technology specialists (17 percent). Despite critical skills deficits, only a third of SMEs (33 percent) are currently hiring new employees.
January 8, 2018
January 8, 2018
The Chinese government is preparing to build a technology park in Beijing dedicated to research into artificial intelligence, according to the Chinese news agency Xinhua and Reuters. The scale of the development can be gauged by the level of investment – some $2.12 billion (13.8 billion yuan) to build the park, located in west Beijing. The park is also forecast to generate revenues of $7.7 billion (50 billion yuan) a year from the 400 enterprises that are expected to be housed there. Zhongguancun Development Group, the developer of the project, will look to partner with foreign universities and build a “national-level” AI lab in the area, according to the reports.
January 5, 2018
The development of the living wage coupled with the growing automation of tasks could create a perfect storm that prices a growing number of people out of the jobs markets, a report from the Institute of Fiscal Studies claims. The authors suggest that one of the unintended consequences of the increase of the rate to £8.50 by 2020 could be that people in low paid work could find themselves in competition for jobs with robots and artificial intelligence. The report concludes that there will be a tipping point at which human labour becomes economically unviable, although it does not predict when that will occur.
January 4, 2018
It probably doesn’t come as much of a surprise to learn that in the annual January ‘job exodus’, junior employees under the age of 35 years are most likely to leave their current roles, according to new research. However the Qualtrics Employee Pulse – a quarterly survey of more than 4,000 workers – shows that employees that pose the greatest flight risk are most likely to be female, think about work outside of contracted hours, and regularly checking emails on weekends. Of most use to employers, utilising its Experience Management Platform, Qualtrics has identified the top three drivers that will help encourage employees to stay in their jobs in the long-term. These are supporting a work-life balance, allowing employees to try out new tasks and skills in their existing role and ensuring managers are proactive in helping to solve problems or concerns in the workplace.
January 3, 2018
Despite 2017 being a year of political surprises and, seemingly, never ending Brexit negotiations, both the UK economy and commercial property market have shown demonstrable resilience with transaction volumes reaching £55 billion. With recent announcements suggesting more certainty about the post Brexit relationship between the UK and the EU, renewed business confidence will increase demand for quality commercial real estate. Global real estate advisor, Colliers International, predicts that 2018 volumes will exceed £50 billion for the sixth consecutive year.
January 11, 2018
Culture shift needed to drive a better gender balance in property and construction
by Niki Fuchs • Comment, Property
More →