Search Results for: benefits

Businesses need three years to prepare for impact of AI

Businesses need three years to prepare for impact of AI

A new survey of 600 UK human resources (HR) managers and directors suggests they will need three years to be ready for the impact of AI on the workplaceA new survey of 600 UK human resources (HR) managers and directors suggests they will need three years to be ready for the impact of AI on the workplace – yet 99 percent believe artificial intelligence (AI) will deliver benefits. Almost 40 percent said it would take a minimum of three years before they were prepared for the impact of AI on their roles, and fewer than one in six (15 percent) said they would be fully prepared for the potential impact of AI on the workforce within the year. To integrate AI, nearly 40 percent were investing in their tech teams, while 35.5 percent were already trialling AI in their businesses. More →

Whinging Poms? Why the UK workforce is one of the unhappiest in Europe

Whinging Poms? Why the UK workforce is one of the unhappiest in Europe

Nearly all UK workers (90 percent) are not enthused by their work and workplace, according to Gallup’s State of the Global Workplace 2023 Report.Nearly all UK workers (90 percent) are not enthused by their work and workplace, according to Gallup’s State of the Global Workplace 2023 Report. The UK workforce rate of engagement at work (10 percent) remains one of the lowest in Europe, ranking near the bottom among peer countries (33 out of 38) with countries like the US reporting triple the number of engaged employees (31 percent). The poor state of disengaged workforces is not unique to the UK, with just 13 percent of employees across Europe feeling engaged at work, and the lowest rates of engagement reported in France (7 percent) and Italy (5 percent). More →

People now less engaged, less fulfilled and more stressed in their working lives

People now less engaged, less fulfilled and more stressed in their working lives

New research from the CIPD exploring the quality of UK working lives suggests there has been a negative shift in how people think about and value their work.New research from the CIPD exploring the quality of UK working lives suggests there has been a negative shift in how people think about and value their work. The CIPD’s Good Work Index 2023 claims that most people like their work and find it satisfying. However, as many as 6-9 million workers, experience poor-quality work in some major respects. CIPD’s survey indicators show that there has been no significant improvement in job quality in the past four years and, in some respects, job quality has gone backwards. Compared to 2019, workers today are less enthused about work, less likely to perceive their work as useful and more likely to simply see work as purely transactional – simply for the money. More →

Corporate real estate strategies are now people centric focused on new ways of working

Corporate real estate strategies are now people centric focused on new ways of working

Corporate real estate decision-making and people-centric strategies are becoming more integratedCorporate real estate decision-making and people-centric strategies are becoming more integrated, according to CBRE’s 2023 European Occupier Survey. The report claims that 68 percent of organisations have partnered across multiple business functions including HR, IT and Communications when implementing workplace change strategies, indicating the importance of real estate decisions at a corporate level. More →

People don’t trust artificial intelligence on decision making ability in recruitment

People don’t trust artificial intelligence on decision making ability in recruitment

The vast majority of British workers (88 percent) are happy for artificial intelligence to be used in the recruitment process but draw the line when it comes to human decision makingThe vast majority of British workers (88 percent) are happy for artificial intelligence to be used in the recruitment process but draw the line when it comes to human decision making, according to a new poll from Totaljobs. The survey, which asked 2,002 UK workers about their thoughts on how AI will impact their working lives, found that nearly three-quarters (72 percent) believe that full disclosure of how the technology is used in the hiring process should be mandatory. More →

Think tank seeks funding for Universal Basic Income trial

Think tank seeks funding for Universal Basic Income trial

A universal basic income will be trialled in England for the first time, with thirty people set to be paid £1,600 per month over a two-year period regardless of personal circumstanceA universal basic income may be trialled in England for the first time, with thirty people set to be paid £1,600 per month over a two-year period regardless of personal circumstances. Researcher Autonomy is seeking funding for the pilot scheme, which it claims “has the potential to simplify the welfare system and tackle poverty in Britain”. People will be drawn from two locations in England to participate, with the scheme testing the effects of basic salary being paid to everyone regardless of wealth or job. More →

Refurbishment of 25 Hanover Square commences

Refurbishment of 25 Hanover Square commences

Major alterations have begun on the refurbishment of 25 Hanover Square, completing the regeneration of a prominent corner site in London’s MayfairMajor work has begun on the refurbishment of 25 Hanover Square, completing the regeneration of a prominent corner site in London’s Mayfair with a 7-storey premium office building. This collaborative project between multiple stakeholders, including architects, interior designers and workplace experts Basha-Franklin, and asset and development manager Morgan Capital, has been holistically designed to fit the aesthetic of one of London’s most recognisable and historic garden squares.   More →

Surge in employee turnover suggest that the ‘Great Resignation’ is still with us

Surge in employee turnover suggest that the ‘Great Resignation’ is still with us

A new report claims that the level of job turnover suggests that the so-called Great Resignation may be far from overOver the past year, 55 percent of working adults have either started a new job or are looking for one, according to a report [registration] published by insurance firm YuLife. The poll  suggests that a further 35 percent of working adults say it is likely they will consider changing jobs within the next year.  The report claims that these findings suggest that the so-called Great Resignation may be far from over. The report also claims that high levels of stress characterize the modern workplace, and businesses which proactively address employees’ concerns around stress and invest in their wellbeing benefit from reduced churn and turnover. More →

Hybrid working averse businesses missing out on €113 billion opportunity

Hybrid working averse businesses missing out on €113 billion opportunity

European businesses continue to miss out on the full potential of hybrid working, according to a new survey from Ricoh EuropeEuropean businesses continue to miss out on the full potential of hybrid working, according to a new survey from Ricoh Europe.  The research, conducted by Opinium and analysed by CEBR, polled 6,000 workers and 1,500 decision makers across Europe. Business leaders say that workers are, on average, 4 percent more productive in a hybrid culture, equivalent to an additional €113 billion to the European economy compared with pre-pandemic ways of working. More →

Half of gig workers earn below the minimum wage

Half of gig workers earn below the minimum wage

More than half of gig workers in the UK are paid below the minimum wage, a new study claimsAs the cost of living continues to spiral, a new report shows more than half of gig economy workers in the UK are paid below the minimum wage. The study, led by the University of Bristol, found 52 percent of gig workers doing jobs ranging from data entry to food delivery were earning below the minimum wage. On average respondents were earning £8.97 per hour – around 15 percent below the current UK minimum wage, which rose to £10.42 this month. More than three-quarters (76 percent) of survey respondents also experienced work-related insecurity and anxiety. More →

Magenta Associates reports positive first quarter to 2023

Magenta Associates reports positive first quarter to 2023

Magenta Associates, the communications specialist for the built environment, has reported significant growth in 2022/23 (20 percent) and 2021/22 (32 percent), along with a series of new architecture, design and construction contract winsMagenta Associates, the communications specialist for the built environment, has reported significant growth in 2022/23 (20 percent) and 2021/22 (32 percent), along with a series of new architecture, design and construction contract wins, and several of its existing clients confirming that they will invest in new service areas of the business.  In 2022, the Brighton based firm launched its new dedicated B2E (business to employee) comms division in light of research it commissioned which revealed a gap in the market, particularly for FM firms, many of which are struggling to unite dispersed teams in the era of hybrid working and talent shortages. In the first quarter of 2023, an increasing number of clients have turned to Magenta for support in this area. More →

Firms missing the chances to implement hybrid working and adopt new technologies

Firms missing the chances to implement hybrid working and adopt new technologies

companies are missing opportunities to unlock new levels of employee productivity with new technology, hybrid working, and talent development.The new Slack State of Work Report [registration] claims that companies are missing opportunities to unlock new levels of employee productivity with new technology, hybrid working, and talent development. The report, based on a global survey of more than 18,000 desk workers – including 2,000 in the UK, found only 23 percent of companies are investing in technology to improve productivity and efficiency (21 percent in the UK), and just 27 percent of companies are using AI tools to help do so. More →