Search Results for: business

Creativity is the new productivity in the modern era of work and workplaces

Creativity is the new productivity in the modern era of work and workplaces 0

Creativity is often thought of as a quality unique to artistic geniuses. When in reality, it is present in all of us, and something that can be enhanced and nurtured, given the right tools and environment. Creativity is the innate human ability to generate ideas, solve difficult problems and exploit new opportunities — it is the fuel for innovation. Many of today’s most pressing business problems require creative thinking to solve them, and creativity is an essential ingredient for business growth. However, 77 percent of CEOs name creativity as their company’s number one skill shortage (20th CEO survey, PWC, 2017). Being agile is critical in a world that is changing rapidly, with disruptive technology, globalisation and an increasingly complex landscape all playing a part. More than ever, supporting creativity at work is an essential part of driving value for both businesses and society. In days gone by, instead of focusing on their organisation’s creative output, most business leaders were obsessed with near-term goals such as productivity, efficiency, cost-cutting and reducing waste. But the landscape has shifted and creativity is emerging as an important dimension of productivity.

More →

Majority of employers fear lack of sufficiently skilled people to meet tech challenges

Majority of employers fear lack of sufficiently skilled people to meet tech challenges 0

Majority of employers fear a lack of skilled staff to meet increased need for talentThree quarters (75 percent) of businesses expect to increase the number of high-skilled roles over the coming years, but 61 percent fear that there will be a lack of sufficiently skilled people to fill them. This is according to the 2017 CBI/Pearson Education and Skills Survey which highlighted that 62 percent see strong competition for candidates with appropriate qualifications as the most widespread cause of skills shortage, followed by a lack of candidates with appropriate qualifications (55 percent). According to the report, while the Brexit debate generates plenty of heat, ‘it’s the white heat of technological change that will mean huge change to the jobs of 2030’. Add that to the obvious question about what skills we’ll need to ‘home grow’ in the absence of free labour movement, and the skills gap is brought into sharper relief argues the report.

More →

Long commutes are major source of poor health and low productivity

Long commutes are major source of poor health and low productivity 0

Long hours spent commuting to work are some of the main causes of poor health and low productivity, according to a large-scale study from the Britain’s Healthiest Workplace index, a joint venture between insurer VitalityHealth, the University of Cambridge, RAND Europe and Mercer. According to the study of more than 34,000 workers, people commuting less than half an hour each day to get to work gain an additional seven days’ worth of productive time each year compared with those with commutes of 60 minutes or more. Longer commutes also appear to have a significant impact on mental wellbeing, with workers who have a long commute 33 percent more likely to suffer from depression, 37 percent more likely to have financial concerns and 12 percent more likely to develop various forms work-related stress. These workers are also 46 percent more likely to get less than the recommended seven hours of sleep each night and 21 percent more likely to be obese. The research suggests that offering flexible working is the best way to mitigate the negative effects of commuting.

More →

Three quarters of managers are happy to allow staff to work flexibly to watch Wimbledon matches

Three quarters of managers are happy to allow staff to work flexibly to watch Wimbledon matches 0

According to a survey from the Institute of Leadership & Management a majority of workplaces are dealing with the summer of sport, by using flexible working to accommodate people’s enthusiasms. Based on a small sample size of around 200 organisations, three quarters (75 percent) of managers would allow staff to watch or listen to sporting events in the office. Staff wellbeing (28 percent) and lower absences (25 percent) are seen by managers as the two biggest benefits in allowing staff to watch or listen to sporting events in the office, according to the study. 78 percent said holiday clashes leaving too many employees off was the hardest aspect of managing staff over summer. The survey claims that 45 percent of managers see sporting events as a tool to boost staff morale. ‘Dress down Fridays’, flexible working hours and picnics were other popular methods. The study also found that managers believed allowing sport to be watched in the office means less absence due to sickness.

More →

Flexible and family friendly workplaces across the UK named in charity’s awards

Flexible and family friendly workplaces across the UK named in charity’s awards 0

Britain’s most family friendly and flexible employers have been recognised in this year’s Top Employers for Working Families Awards. Now in their 8th year, the annual Top Employers for Working Families Special Awards from the UK’s work life balance charity cover 11 categories across a range of work life policies and practices. Four new sector-specific awards are being introduced this year for the private, public and third sectors; as well as a category for small employers. Sarah Jackson OBE, chief executive of Working Families, said: “In many ways, flexible working and family friendly working have never been more part of the bloodstream of British business. We had a record-breaking number of entries this year, showcasing a wealth of exciting approaches to creating agility in the workplace. Congratulations to all this year’s Top Employers for Working Families award winners, singled out because they offer leading flexible workplaces that support the grain of their employees’ lives. I look forward to working with them to make work work, for people, families and the economy, so that families thrive and business prospers.”

More →

Third of UK workers are dealing with anxiety, depression or stress

Third of UK workers are dealing with anxiety, depression or stress 0

One in three (34 percent) UK workers are dealing with anxiety, depression or stress, which is affecting their ability to carry out their day-to-day roles, claims a new report. Two in five (39 percent) have taken time off work or reduced their responsibilities because of their health, and of those, 39 percent did not feel comfortable telling their employer about the issue according to the PwC research. Nearly a quarter (23 percent) think their organisation does not take employee wellbeing seriously and more than half (54 percent) work for companies which do not offer health benefits such as counselling, health screening and subsidised gym memberships. The research suggests that Health and wellbeing has a significant impact on performance with four out of five workers (83 percent) believing that their wellbeing influences how productive they are. Pressures such as dealing with customers and clients, and long hours have the biggest impact on workplace wellbeing. The survey respondents also indicated a belief that technology can play a part in addressing health, with almost half saying they would be open to using an app to improve their wellbeing.

More →

UK remains stuck in stubborn low productivity trap

UK remains stuck in stubborn low productivity trap 0

The persistently low productivity of UK workers has dropped back to pre-financial crisis levels, according to official figures. Hourly output fell 0.5 percent in the first three months of the year, the Office for National Statistics (ONS) reports in its latest update. At the end of 2016, productivity returned to the level seen before the 2008 recession. But it has now slipped back again and is 0.4 percent below the peak recorded at the end of 2007, according to the ONS. It was the first quarterly fall in productivity since the end of 2015, according to the ONS. Economists have consistently warned that the UK’s low productivity continues to mean it lags behind its major trading partners such as the US, France and Germany.

More →

Digital workplace accelerates blurring of lines between IT, HR and finance roles

Digital workplace accelerates blurring of lines between IT, HR and finance roles 0

To help ‘organisations thrive in a competitive digital marketplace’, Oracle and the MIT Technology Review have released a new study that highlights the importance of collaboration between finance and human resources (HR) teams with a unified cloud. The study, Finance and HR: The Cloud’s New Power Partnership, outlines how a ‘holistic view into finance and HR information’, delivered via cloud technology, empowers organisations to better manage continuous change in the workplace. Based on a global survey of 700 C-level executives and finance, HR, and IT managers, the study claims that a shared finance and HR cloud system is a critical component of successful transformation initiatives.

More →

Happiest workers more likely to be based in start-ups and to stay long term

Happiest workers more likely to be based in start-ups and to stay long term 0

Happiest workers are based in start-ups and they intend to stay long term

Employees in companies with nine members of staff or less are most likely to ‘love’ their jobs and are more likely to take personal pride from the companies’ achievements, and to stay there long term a new report suggests. Almost 1 in 3 (31 percent) of workers in businesses containing a maximum of nine members of staff said they “love” their jobs – according to a new survey of 1,220 workers, commissioned by the One4all Spotlight Awards, a free to enter awards scheme that rewards exceptional staff in the UK workforce. By comparision, those in companies with the largest workforces – more than 500 members of staff – were the least likely to love their jobs, with just 15 percent claiming this is the case. Workers in microbusinesses – those with 9 or fewer employees – were also the most likely to say they plan to stay with their current employer for the rest of their working lives, with 18 percent saying they feel this way. They were also the most likely to take a sense of personal pride in their company’s achievements (23 percent).

More →

Balfour Beatty predicts a human free construction site by 2050

Balfour Beatty predicts a human free construction site by 2050 0

Balfour Beatty has  published a paper called Innovation 2050: A Digital Future for the Infrastructure Industry, which predicts that the construction site of the future will be in stark contrast to what we see today. Most notably it will be human-free with work moved off-site with remote control of machinery and new materials and techniques exploited to improve cost, safety and efficiency. The report claims that technology has already revolutionised contemporary life to such an extent that it’s not so hard to imagine radical changes for construction not least the emergence of new roles and the requirement and evolution of new skills to support delivery of the future pipeline of construction projects.

More →

Minimum wage should be extended to the self employed and gig economy

Minimum wage should be extended to the self employed and gig economy 0

The government should extend minimum wage legislation to protect some of the UK’s 4.8 million self employed workforce as part of its drive to tackle low pay and insecurity in the modern workforce, according to a new report published by the Resolution Foundation. The Minimum Required? – which forms part of the Resolution Foundation’s submission to the Taylor Review on modern employment practices – sets out a number of proposals to tackle endemic levels of low pay among the self-employed. Its new analysis claims that that while around in one in five employees are low-paid (earning less than two-thirds of typical weekly earnings), last year around half of the full-time self-employed workforce (49 percent) fell below this threshold, earning less than £310 a week.

More →

UK government unveils £1 billion ultrafast broadband fund to aid remote working

UK government unveils £1 billion ultrafast broadband fund to aid remote working 0

The UK’s faltering move towards ultrafast broadband has been given a much-needed boost with the launch of a new fund, which will support the rollout of cutting-edge connections across the country. The government’s £400 million Digital Infrastructure Investment Fund (DIIF) will unlock over £1 billion for full fibre broadband, and kick-start better broadband connections across the country. Its aim is to revolutionise Britain’s digital infrastructure, making internet access more reliable for homes and businesses, and enabling more people to enjoy remote working without disruption. According to the Treasury, the flexibility to work remotely is pivotal for driving the economy forward; reducing overheads and helping businesses to start and grow.

More →