Search Results for: Gen Z

April 25, 2018

A few demonstrable truths about agile working that aren’t talked about enough

by Sarah Booth • Comment, Workplace design

Some topics generate a level of debate totally out of proportion with the underlying facts. Whether it’s the benefit of sit-stand desks, the influence of colour on productivity or the threat (or potential) of robotics in the office, too often it’s all sizzle and no sausage. Agile working falls into that category. It’s one of those ideas that sounds too good to be true: give people a raft of settings to work in, power them up with a few mobile gadgets and you can magically transform your workspace to ‘Google standards’ and attract all the best talent in town. But what about the reality?

April 25, 2018

Nearly half of London Law firms are already utilising AI

by Sara Bean • AI, Cities, News, Technology

There have already been warnings from workplace experts that the legal profession isn’t one to choose for those starting out on their careers as it’s ripe for automation, and a new survey claims these changes are happening fast. According to a survey of over a 100 law firms by CBRE, nearly half (48 percent) are already utilising Artificial Intelligence (AI) and a further 41 percent have imminent plans to do so. Of the firms already employing AI, 63 percent of firms are using it for legal document generation and review, and the same proportion for e-discovery. Due diligence (47 percent) and research (42 percent) were also common applications, along with compliance and administrative legal support (each 32 percent). The use of AI will affect employment levels, with the greatest impact predicted at the junior and support levels, where nearly half (45 percent) of firms believing that there will be a reduction in headcount. In contrast, only 7 percent of firms believe that senior headcount levels will be reduced.

April 24, 2018

UK companies lag in offering flexible and remote working, claims report

by Neil Franklin • Flexible working, News, Technology

The UK lags behind in the shift to flexible and remote working, putting more emphasis on effective meetings to coordinate scattered teams, according to a new report, The Modern Workplace 2018: People, Places & Technology (registration required) from workplace software company Condeco. Across the world, the study of 500 organisations in six countries claims, workers are in the midst of a shift to flexible and remote working – spending more time working from home, on the move or from multiple locations. However, the UK is significantly behind in embracing these trends, which could negatively affect worker satisfaction as well as holding back firms who are competing for the best international staff.

April 24, 2018

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

by Sara Bean • News, Workplace

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 23, 2018

Poor mobile connectivity in the workplace is undermining UK productivity

by Neil Franklin • News, Technology

Mobile connectivity in workplaces all around the UK is inadequate and is holding back the country’s productivity, claims a new report from telecomms provider CommScope. In the poll of 2,000 British office workers almost half (44 per cent) said they need to step outside to make a phone call, or access 4G services on their mobile devices. The same report claims that 77 per cent of respondents see mobile coverage as ‘important’ for being able to complete tasks, and being productive, in general. There are also differences in connectivity, depending where you are located. London, Yorkshire and West Midlands have a relatively stable 4G connectivity, compared to the likes of North East or Wales.

April 18, 2018

Business leaders struggling to keep up with demands of individuals and technological developments in the workplace

by Mark Eltringham • Flexible working, News, Technology, Workplace

Organisations are struggling to keep pace with workplace shifts including skills gaps, the development of artificial intelligence, the demands of employees and new social expectations, according to the latest Human Capital Trends report from Deloitte. In its 2018 edition, The Rise of the Social Enterprise, Deloitte focuses on the growing expectations of individuals and the pace at which technology is shaping organisations’ human capital priorities.

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

Majority of staff say employers must do more to support their physical and mental wellbeing

by Sara Bean • Legal news, News, Wellbeing, Workplace

More than half of working adults believe that UK businesses are not doing enough to support the physical and mental wellbeing of their employees. The vast majority (86 percent) believe that firms are specifically not doing enough to help employees deal with work-related stress, anxiety and other mental health issues. And with seven out of 10 of those surveyed by Westfield Health saying that the NHS does not have the budget to provide wellbeing services, such as health check-ups and cognitive behavioural therapy, almost three quarters agreed it would be a good idea for a portion of their National Insurance contributions to be redirected towards employee wellbeing programmes. More →

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 17, 2018

Older people want the same things from their job as millennials, major new study shows

by Mark Eltringham • News, Workplace

This is a drum we’ve been banging for a long time along with a number of others, but a new study of half a million people proves what we should have known all along; people of different generations want broadly the same things from their workplaces, stereotypes are often wrong and any differences that do exist may well be explainable by the stages of their lives. The study of 500,000 people at 750 organisations in the US, Australia and Europe was conducted by employee feedback startup Culture Amp. It found that older workers are more likely to look for work where they can have a positive impact and workers want a job where they can develop personally and have confidence in leadership at all age levels. One of the significant differences between generations was that older workers are less likely than millennials to be looking for a new job at any one time.

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.