Search Results for: values

Optimal workplace productivity gains could add £39.8 billion to British and Irish economies

Optimal workplace productivity gains could add £39.8 billion to British and Irish economies

The United Kingdom could reshape its economic future and unlock its share of £39.8 billion in untapped GDP if organisations were to ‘optimise their workplaces’, according to a new study by Ricoh and Oxford Economics, titled The Economy of People (registration required). The UK could achieve a 1.8 percent increase in GDP, equal to £36.8 billion, which could pay for the cost of Brexit twice with change to spare. Similarly, the Irish economy could expand by 1.0 percent, or £3 billion, if businesses commit to creating the optimal office. The findings from The Economy of People are based on forecasts of how productivity in various industries will improve, if investment in workplaces makes them optimal for those that work there and their employers. Surveys and interviews were conducted with employees and executives to uncover how workplace elements, such as culture, physical workspace and technology affect performance and productivity.

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Quarter of UK managers would take a pay cut for a job with a clear purpose beyond profit

Quarter of UK managers would take a pay cut for a job with a clear purpose beyond profit

Quarter of UK managers would take a pay cut for job with purpose beyond profitMore than a quarter of managers (27 percent) in British companies would likely accept a salary cut to work for a company that has a clear purpose beyond profit a new report claims.  A third (32 percent) would actually consider leaving their job if a greater purpose was unclear, while more than half (53 percent) would if their company’s values and purpose didn’t align with their own. The YouGov survey, commissioned by Danone UK, highlights the importance of having a defined company purpose that marries commercial success with social progress.  The findings support a new report by not-for-profit think tank Tomorrow’s Company and Danone UK, that explores the importance of having a purpose beyond profit in helping companies to prosper in the face of workplace challenges created by an uncertain world. The Courage of their Convictions is built from interviews with senior leaders from within some of the UK’s biggest purpose-driven brands, including Danone, John Lewis, Mars, Philips, Tata Consultancy Services and Unilever.

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Report sets out business case for health and wellbeing in green buildings

Report sets out business case for health and wellbeing in green buildings

The World Green Building Council has launched a new report highlighting what it suggests are the tangible economic benefits of green buildings and the improved levels of occupant satisfaction when companies implement new health, wellbeing and productivity features in existing green structures. Doing Right by Planet and People: The Business Case for Health and Wellbeing in Green Building presents case studies of 11 facilities around the globe that have one or more green certifications including LEED, Green Star and BREEAM. The report evaluates health and wellbeing features that were integrated into the facilities, such as enhanced fresh air ventilation, acoustic privacy, increase of daylight penetration and use of biophilic design elements such as green walls and extensive indoor plants.

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

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

Globalisation increasing number of CEOs from abroad at FTSE’s largest listed companies

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.

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Best workplaces in London honoured at the British Council for Offices annual Regional Awards

Best workplaces in London honoured at the British Council for Offices annual Regional Awards

Five businesses celebrated success last night, with Bloomberg, White Collar Factory, Havas UK, Here East and 10 Lower James Street all recognised as some of the best workplaces in London at the British Council for Offices’ (BCO) regional awards. The BCO’s awards programme claims to recognise the highest quality workplaces and sets the standard for excellence across the regional and national office sectors.

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

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

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Poor company culture is costing the UK economy £23.6 billion per year

Poor company culture is costing the UK economy £23.6 billion per year

A new report claims that a third of people (34 percent) who leave their job, do so because of perceived poor company culture. The report, authored by breatheHR claims the associated cost of bad company culture is around £23.6 billion per year. The survey of 2,500 people analysed in The Culture Economy, also suggests that well over half of SME leaders (60 percent) consider company culture as a ‘nice to have’ in their business.This mindset has a number of knock-on effects. According to the Chartered Management Institute, effective leadership could improve Britain’s productivity by 23 percent. However, with over half (53 percent) of employees surveyed who distrust their senior management, thinking their bosses ‘didn’t appear to know what they were doing’, there is some work to be done.

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How the UK car industry is driving the future of workplace design

How the UK car industry is driving the future of workplace design

The British car industry has grabbed numerous headlines since the Brexit referendum due declining car sales and the uncertainty of its economic and regulatory prospects. In spite of these mounting concerns, the industry continues to invest in the design of its workplaces, not only by creating inviting and engaging places to work, but also by integrating automotive approaches to design and construction into the work environment. As a result, these workplaces don’t just help car companies to stay competitive; they also provide new ideas for all sectors eager to build smarter and more efficient places to work.

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Nearly half of large organisations will adopt artificial intelligence in the workplace by 2019

Nearly half of large organisations will adopt artificial intelligence in the workplace by 2019

Chatbots and voice assistants powered by artificial intelligence are starting to gain traction in the workplace of large organisations, according to a report from tech firm Spiceworks. The report, based on a survey of 500 IT professionals in organisations across North America and Europe, found that within the next 12 months, 40 percent of large businesses – those with more than 500 employees – expect to implement one or more intelligent assistants or AI chatbots on company-owned devices, compared to 25 percent of mid-size companies and 27 percent of small businesses. The findings indicate that although adoption is on the rise, some organisations are holding back due to a lack of use cases in the workplace and privacy concerns.

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Equal Lives survey to look at ways men can better balance work and home life

Equal Lives survey to look at ways men can better balance work and home life

Equal Lives survey to look at ways men can better balance work and homeThe challenge to achieve gender equality at work isn’t made any easier by the attitudes of some employers. Although men increasingly want to be more present at home, currently fathers are twice as likely as mothers to have their requests for flexible working turned down. This means their work-life balance is increasingly a source of stress. For this reason a new survey is being launched to look at men’s roles at home and work with the hope that the results will support employers to help men take up more equal caring roles.The Equal Lives project, launched by Business in the Community in partnership with Santander UK, aims to highlight the issues men face when managing responsibilities at work and home and identify workplace practices and policies to help employers retain skilled male and female employees. The study is open to all men in work over 18, regardless of whether they have people who depend on them for their wellbeing. It is also open to women in work, but only those with care responsibilities.

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Organisations need to create a ‘smart everywhere’ environment finds Smart Summit

Organisations need to create a ‘smart everywhere’ environment finds Smart Summit

Organisations need to create a ‘smart everywhere’ environment finds Smart SummitWork is no longer a place but a set of activities which lead to a set of outcomes that could be delivered anywhere. Or as John Blackwell, Quora Consulting’s Managing Director succinctly described it at the first of the 2018 Quora Smartworking Summit’s held last week, organisations need to create a ‘smart everywhere’ environment. New digital platforms make far it easier for people to work in exactly the way they want.  Research by Quora has revealed that there are 5 million people currently working in the UK gig economy or around 15.6 percent of the total workforce. More people are working post retirement age and want to work in a way that they can control, while there are increasing numbers who simply want more autonomy in their lives in the way that self-employment can offer. More →

Developing a cultured nose for what makes workplace design great

Developing a cultured nose for what makes workplace design great

Workplace people are at risk of obsessing about productivity. The idea of what is or is not effective and even the notion of wellbeing, has almost been done to death. We overthink stuff. As Neil Usher might say, there are a few bandwagons people are leaping on a little too eagerly. So, let’s keep it simple. Yes, we need a ‘space’ to work in (or just do stuff), but mostly we need a reason for using it in the first place. One thing most people agree on – even the media and flinty-eyed consultants – is that we need a motivation, a reason to do the things asked of us and a belief or intrinsic connection to do those ‘things’ well.

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