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Drones could add £42 billion to UK GDP by 2030

Drones could add £42 billion to UK GDP by 2030

Drone technology has the potential to increase UK GDP by £42 billion (or 2 percent) by 2030, according to new research from PwC. The research estimates there will be more than 76,000 drones in use across UK skies by 2030. More than a third of these (36 percent) could be utilised by the public sector (including in areas such as defence, health and education).  The report claims that drone technology could help the UK achieve up to £16bn in net cost savings by 2030 through increased productivity. The technology, media and telecoms (TMT) sector stands to save the most by using drones, with a potential net saving of £4.8bn by 2030.

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Coworking trends are influencing design and layout of central London offices

Coworking trends are influencing design and layout of central London offices

Coworking trends are influencing design and layout of central London offices

The rise of coworking and flexible working are affecting the design and layout of central London offices, with many traditional offices being given makeovers to reflect current trends in wellness and connectivity. And according to Cluttons’ Central London Office Market Outlook for Spring 2018, the Central London office market continues to experience a comparatively low vacancy rate – currently standing at 5.9 percent percent well below the 15 year average of just under 8 percent, which is more or less the same following Brexit in mid 2016. In comparison, following the peak of the last cycle at the end of 2007, the overall vacancy rate in Central London moved out from 7 percent to an average of 8.2 percent in the following two years. Landlords have been generally far more responsive to the recent downturn than in previous cycles; not only in relation to rent but also lease flexibility, together with a willingness to cap service charges and dilapidations with older style buildings. Alongside this, the volume of flexible office space in London rose by 20 percent last year as smaller firms move into serviced or managed offices.

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Remote working preferred, with just one in ten workers happiest in an office environment

Remote working preferred, with just one in ten workers happiest in an office environment

Remote working preferred, as just one in ten workers happiest in an office environmentOne in four workers (28 percent) would move jobs if they weren’t allowed to work from home, increasing to nearly half (45 percent) of millennial workers. Yet while two thirds of UK employees (65 percent) can work from home, 35 percent are still not given the option of working remotely. Totaljobs’ research revealed that remote working is in the top five most important benefits when looking for a new job, beating perks such as enhanced parental leave, travel allowances and learning and development. One in five workers would pick a job that offered remote working over one that did not when deciding on a new role. Given the choice, two fifths (38 percent) of the UK workforce prefer working from home, a figure that rises to 46 percent of 18-34-year olds as opposed to just 31 percent of over 55’s, clearly showing the popularity of remote working options to the millennial workforce. The flexibility that remote working offers is most appreciated by women, with a quarter (24 percent) preferring the option of working from home or in the office compared to 16 percent of men.

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More than three quarters of British workers have worked whilst genuinely ill in the last year

More than three quarters of British workers have worked whilst genuinely ill in the last year

Employee services business Personal Group and online doctor service videoDoc have published the findings of a survey of 2,496 UK employees on their attitudes and behaviours around work presenteeism and illness in the workplace. The results indicated some worrying trends with regards to the prioritisation of work over health, with the average British worker having worked more than four days whilst genuinely ill in the last year, and over half of UK employees (52 percent) admitting to delaying seeking medical advice because they didn’t want to take time off work. Of those who did take time off work to see a doctor in the last 12 months, 15.7 percent took unpaid leave to do so, 17.5 percent used their annual leave entitlement and 22.4 percent left work early or arrived late – each of which arguably negatively affect both employee wellbeing and organisational productivity.

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New study reveals industries most likely to be subject to digital disruption this year

New study reveals industries most likely to be subject to digital disruption this year

A new survey of British and American IT decision makers claims to reveal which industries are most and least likely to be subject to digital disruption in 2018. The study, Digital Disruption: Disrupt or Be Disrupted (registration required), also claims to identify the qualities of companies most likely to be disruptors, and concludes that cloud technology is the new key to digital transformation. The report, based on interviews with more than 300 respondents in the United States and the United Kingdom found that 50 percent of IT stakeholders think they are leaders and will disrupt, while 50 percent feel they are behind and will be disrupted by the competition in 2018. By industry, more telcos (65 percent) and technology (65 percent) companies predict they will be disruptors, while 17 percent of IT stakeholders working for government and non-profit organisations worry they will be disrupted.

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Employers needs to do more to support working families

Employers needs to do more to support working families

Tackling unsupportive workplace cultures is crucial in helping parents achieve a better work life balance, according to a new study from lobby groups Working Families and Bright Horizons. The 2018 Modern Families Index: how employers can support the UK’s working families, published by work life balance charity Working Families and Bright Horizons, claims to expose the limitations of policies like flexible working, whilst unsupportive workplace cultures remain in place.  Many parents feel compelled to work far beyond their contracted hours to meet managers’ expectations and to progress in their careers, according to the report. When parents were asked how they felt about their employer in terms of work-life balance, over a third (34 percent) of parents said they felt resentful, with more fathers than mothers agreeing (37 percent vs. 32 percent). Millennials were the most resentful; 46 percent of millennial fathers felt resentful, the highest proportion of any group of parents.

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New report aims to increase use of modern flexible working practices to improve lives of employees

New report aims to increase use of modern flexible working practices to improve lives of employees

flexible working

Businesses are being urged to increase their use flexible working practices in a bid to improve the lives of staff and end gender discrimination in the workplace. According to the report, A Manifesto for Change: A Modern Workplace for a Flexible Workforce, one of the main barriers to gender equality is employers’ reluctance to adoptnon-traditional working practices. The report calls on employers to embrace flexible working. The report from Timewise and Deloitte sets out a five point action plan, which it claims will enable UK businesses to bring about the change needed to address ‘outdated’ working practices. The plan is based on findings from a a survey of almost 2,000 professional workers, 92 percent of whom are women, as well as interviews with UK business leaders.

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UK technology sectors continues to outpace rest of the economy, and not just in London

UK technology sectors continues to outpace rest of the economy, and not just in London

The UK’s digital technology sector continues to grow faster than the rest of the economy, according to the latest Tech Nation Report for 2018. Turnover of digital tech companies grew by 4.5 percent between 2016-17 compared to UK GDP which grew by 1.7 percent over the same period. This means that the tech sector grew at 2.6 times faster than the rest of the economy. At the same time the number of jobs in digital tech rose five times the rate of the rest of the economy, demonstrating how the digital tech sector is one of the best performing sectors in the UK economy. 2017 proved to be an amazing year for the UK digital tech sector with some of the biggest fundraisings and exits seen in years, as international investors flocked to fund UK-based firms, according to the report. British digital tech companies raised £4.5bn in venture capital investment during the year, almost double the previous year.

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The toxic workplace is not only about culture, but is a very real physical problem

The toxic workplace is not only about culture, but is a very real physical problem

In today’s society there is far more awareness and concern around additives in food and drink, vehicle emissions and the pollutants from factories. There is, however, a remarkable lack of knowledge when it comes to the air quality of our working environment, beyond air conditioning systems and whether printers emit anything ‘nasty’. The truth is that most of the contents of our offices are emitting substances; invisibly polluting the air we breathe for most of the day. And not least the furniture that surrounds us. Chemicals play a big part in the manufacturing of furniture, from glues to lacquers, fabric treatments to flame retardants. Chemicals are not all bad though. We need chemicals for almost everything we do. They enable us to create products that are long lasting, good looking and comfortable. Progress has much to thank chemicals for. The key is knowing what chemicals to use and what to avoid.

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Overall wellbeing of UK continues to increase, according to official data

Overall wellbeing of UK continues to increase, according to official data

smiley coffee

New government statistics suggest that the general wellbeing and happiness of the UK population has increased over the last twelve months. According to the Office for National Statistics’ annual report on wellbeing, Britons are more contented now than at any point since the study was first published seven years ago. The latest report is based on an analysis of responses to the ONS, which asked people to rank out of ten how happy they were on the previous day, to what extent they regarded their lives as worthwhile, how satisfied they were with life, and how anxious they were generally. For 2017, average happiness was calculated at 7.53 out of ten, living worthwhile lives at 7.88, and life satisfaction at 7.69. There was no significant change in anxiety levels, which currently average at 2.91 out of ten, the ONS said.

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Employees’ overwhelming view is they are being held back from developing their career

Employees’ overwhelming view is they are being held back from developing their career

Employees' overwhelming feedback is they are being held back in developing their career

Half (49 percent) of UK workers believe their current job offers little to no chance for career progression and out of 1,000 UK workers asked about the state of their career progression including the prospects for advancement, not one felt they had the right level of support from managers. The survey by Qualtrics claims that just 7 percent believe there is a great deal of opportunity to progress their career in their organisation. It’s a marked difference from October 2017, when the number of employees saying they had a significant opportunity for career progression was 17 percent. The research suggests the pessimistic outlook could be down to a lack of acknowledgment and support at work. Of those claiming to have little or no opportunities for career progression, the data found that 71 percent are given little to no change to trying out new things that interest them, all of them (100 percent) say they don’t receive the right level of support from managers and 49 percent rarely receive consistent acknowledgement for doing good work.

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