Search Results for: risk

UK workers spend less time in the office than any other country, but still think it’s too much

UK workers spend less time in the office than any other country, but still think it’s too much

Workers in the United Kingdom spend less time in the office than any other country, however they want to further reduce their days further.Workers in the United Kingdom spend less time in the office than any other country, however they want to further reduce their days further. That is according to a new study from Unispace. The report, Returning for Good [registration], combines the results of a poll of 9,500 employees and 6,650 business leaders from 17 countries worldwide – found that just 34 percent of employees in the UK are in the office four or more days a week, less time than workers in any other country. (more…)

Unintended economic consequences of remote working becoming evident

Unintended economic consequences of remote working becoming evident

New data suggests that office attendance in London has recovered strongly since the end of Covid restrictions, confounding predictions of remote working becoming the ‘new normal’New data suggests that office attendance in London has recovered strongly since the end of Covid restrictions, confounding predictions of remote working becoming the ‘new normal’, according to a new report from the Centre for Cities. However, recovery has stalled in 2023 and the report, London, Office politics: London and the rise of home working, co-authored with Professor Dan Graham and his colleagues from Imperial College and published in partnership with EC BID, addresses the possible economic risks of businesses adopting hybrid working permanently. (more…)

Three quarters of firms have now mandated some form of ‘return to office’

Three quarters of firms have now mandated some form of ‘return to office’

A new poll from Unispace claims that around 72 percent of companies globally have now mandated a return to office based workA new poll from Unispace claims that around 72 percent of companies globally have now mandated a return to office based work. However, many respondents also report losing key employees due to mandates, with recruitment also being impacted by enforced returns. The report concludes that companies are failing to recognise the drivers of workers’ reluctance to return to the workplace, and likewise, the opportunities and value that the physical workplace provides. (more…)

Many people think workplace is a greater source of stress than a relationship breakdown

Many people think workplace is a greater source of stress than a relationship breakdown

A new poll claims that workplace stress is having a greater impact on individuals than relationship breakdowns for many people.A new poll claims that workplace stress is seen as having a greater impact by many people, compared to relationship breakdowns. According to the survey conducted by Westfield Health, more than a quarter of workers (27 percent) ranked their job as more stressful than a relationship breakdown (8 percent). These worrying statistics highlight the negative effects of workplace stress on individuals, surpassing even stressful personal circumstances. (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…)

Majority of employees see themselves as cogs in corporate machinery

Majority of employees see themselves as cogs in corporate machinery

A significant majority (85 percent) of employees feel like they are just a cog in the machinery of their organisation and 43 percent have no idea how their performance contributes to business success, according to a new survey of employee experience and expectations. According to the new study [registration] from Oracle, HR leaders are struggling to keep up with changing employee expectations and this can have dire consequences for businesses. The survey of 1,000 employees and HR leaders across the United Kingdom (UK) found that despite current economic uncertainty, worker expectations are higher than ever, and HR leaders need help to get the employee experience right or risk losing profits and market share. (more…)

It’s best to get the unpleasant tasks done in one go, new research claims

It’s best to get the unpleasant tasks done in one go, new research claims

A recently published study shows that on days when you face high work demands, you may want to just push through and do unpleasant tasks one after anotherMost jobs involve tasks we don’t like. But should we complete these unpleasant tasks in one fell swoop or split them up into bite-sized portions and spread them out over time? According to new research from Trinity Business School, WHU – Otto Beisheim School of Management and the University of Wuppertal, it is actually a good idea to do the tasks you don’t like in one go. (more…)

Three quarters of people who left their pre-covid employer now want to go back

Three quarters of people who left their pre-covid employer now want to go back

According to a new poll from recruiter Robert Walters, almost three quarters of professionals (71 percent) who left their pre-covid employer in search of better pay or working culture say that they are open to returning. Half of the 3,000 people surveyed say that the reasons as to why they left in the first place are no longer applicable. Nearly half (45 percent of workers) who had left their job after lockdown did so for better pay – with a further 35 percent leaving for a better workplace culture or more purpose/fulfilment in their role. (more…)

NeoCon announces impressive growth ahead of its 2023 edition

NeoCon announces impressive growth ahead of its 2023 edition

The organisers of NeoCon have announced that seven new brands have signed on for permanent showrooms at the show’s venue THE MART in ChicagoThe organisers of NeoCon have announced that seven new brands have signed on for permanent showrooms at the show’s venue THE MART in Chicago. Anda number of companies are extending their leases ahead of the 2023 edition of NeoCon, the leading commercial design trade show, which takes place from the 12th to the 14th of June. The brisk leasing activity, alongside a roster of new exhibitors, and a milestone building renovation project helmed by Gensler Chicago, reinforces THE MART as an important strategic hub for both emerging and established brands based in the US and abroad. (more…)

Generative artificial intelligence set to boost GDP but could affect 300 million jobs

Generative artificial intelligence set to boost GDP but could affect 300 million jobs

The latest developments in generative artificial intelligence could replace the equivalent of 300 million full-time jobsThe latest developments in generative artificial intelligence could replace the equivalent of 300 million full-time jobs, a report by investment bank Goldman Sachs claims. The authors suggest that the technology could replace around a quarter of the work tasks carried out in the US and Europe but may also mean new jobs and a productivity boom. The report claims that the tech could increase total annual value of goods and services produced globally by 7 percent. (more…)

Work-related stress costing UK economy £28bn a year

Work-related stress costing UK economy £28bn a year

New data and economic modelling from AXA UK and Centre for Business and Economic Research (Cebr) claims that people are struggling with burnout and work-related stressNew data and economic modelling from AXA UK and Centre for Business and Economic Research (Cebr) claims that people are struggling with burnout and work-related stress, with an estimated £28bn lost last year due to poor mental health at work. The majority of this cost is due to loss of working days because of stress, burnout and general poor mental health, with businesses losing 23.3m working days as a result of these issues.  (more…)