Search Results for: economy

Artificial Intelligence is critical enabler of the energy transition

Artificial Intelligence is critical enabler of the energy transition

artificial intelligenceThe World Economic Forum has published a new study on how artificial intelligence (AI) can be used to accelerate a more equitable energy transition and build trust for the technology throughout the industry. As the impacts of climate change become more visible worldwide, governments and industry face the urgent challenge of transitioning to a low-carbon global energy system. More →

I’m a Luddite. You should be one too

I’m a Luddite. You should be one too

The leader of the Luddite movementI’m a Luddite. This is not a hesitant confession, but a proud proclamation. I’m also a social scientist who studies how new technologies affect politics, economics and society. For me, Luddism is not a naïve feeling, but a considered position. And once you know what Luddism actually stands for, I’m willing to bet you will be one too — or at least much more sympathetic to the Luddite cause than you think. More →

Working from home could help older workers stay in work longer

Working from home could help older workers stay in work longer

working from home setupOlder workers might choose to delay their retirement if offered the option of continuing to do their jobs working from home after the pandemic, according to new research from the UK’s Office for National Statistics. The ONS study found those in their 50s and 60s who worked from home during the coronavirus crisis said they were planning to retire later than those who were still travelling to their workplace. More →

Over two-thirds of employers are considering pay cuts for remote workers

Over two-thirds of employers are considering pay cuts for remote workers

pay cutsA new survey by CIPHR claims that over two-thirds (68 percent) of British businesses are contemplating pay cuts for staff who opt to work from home, despite many (53 percent) saying they’ve actually saved money by having more remote workers. More →

Right to disconnect should be enshrined in law, says report

Right to disconnect should be enshrined in law, says report

right to disconnectAn overtime “epidemic” driven by the rise in home working during the pandemic must be curtailed with new right to disconnect laws, according to a report from think-tank Autonomy. The authors claim that unpaid labour is a growing problem in the UK, exacerbated by home working during the pandemic. They say employees are frequently contacted by their employers after the working day has finished officially to complete tasks, which impacts their mental health. The report proposes draft legislation to implement a ‘right to disconnect’ based on French law, which ensures respect for employee rest periods and allows them to ignore work calls and emails outside of working hours. More →

Labour market confidence surges to nine year high, claims CIPD

Labour market confidence surges to nine year high, claims CIPD

labour market looks upEmployers are indicating strong employment intentions for the third quarter of 2021, with confidence surpassing pre-pandemic levels to hit a nine year high. This is the key finding of the latest quarterly CIPD Labour Market Outlook (LMO) survey, involving more than 2,000 employers and covering all sectors of the economy. The survey claims that its net employment intentions figure, which measures the difference between the proportion of employers expecting to add jobs and those planning to cut them, has risen for the fourth consecutive quarter. The figure now sits at +32, up from +27 last quarter, marking the strongest employer intentions seen since tracking began in Winter 2012/13. More →

Almost half of UK firms have decreased their research and development since covid-19

Almost half of UK firms have decreased their research and development since covid-19

researchAlmost half (45 percent) of UK firms have decreased their research and development initiatives during the covid-19 pandemic, with even 18 percent of firms halting theirs altogether, according to new research from Durham University Business School. More →

Emotional abuse at work is more significant than we think

Emotional abuse at work is more significant than we think

abuseWhile society has become more aware of psychological abuse in intimate or family relationships, psychological abuse in the workplace is more common and complex than we think, according to new research from NEOMA Business School, Rotterdam School of Management (RSM) at Erasmus University and Durham University Business School. More →

Policymakers should encourage the responsible use of AI in decision-making

Policymakers should encourage the responsible use of AI in decision-making

workforceA new report from the Center for Data Innovation claims businesses are increasingly adopting artificial intelligence tools to support workforce decisions in areas such as hiring and retaining high-performing employees. But to successfully deploy and maximize the productivity benefits of these AI tools, employers should address potential concerns to ensure the technology does not exacerbate biases or inequalities, produces fair and accurate results, and does not unduly compromise worker privacy. More →

Almost half of young people feel the pandemic has harmed their long-term career prospects

Almost half of young people feel the pandemic has harmed their long-term career prospects

young peopleWith A level results day marking a new cohort of young people entering the toughest labour market for a generation, the CIPD launches its One Million Chances campaign. More →

Negative perceptions of remote work persist among both managers and workers

Negative perceptions of remote work persist among both managers and workers

remote workNew research from the US based Society for Human Resource Management (SHRM) claims that there are widespread, persistent negative perceptions of remote work amongst line managers who are likely to express a preference for local work. In addition, remote workers themselves continue to express reservations about losing opportunities for networking and increased pay. More than two thirds of supervisors of remote workers surveyed by SHRM, or 67 percent, admit to considering remote workers more easily replaceable than onsite workers at their organization, 62 percent believe full-time remote work is detrimental to employees’ career objectives and 72 percent say they would prefer all of their subordinates to be working in the office. More →

London office leasing activity gathers momentum in Q2 2021

London office leasing activity gathers momentum in Q2 2021

LondonThere was a spring in the step of the central London office market in Q2 2021 with more businesses committing to new office space, as plans to return to workplaces took shape. Research by DeVono Cresa claims that just over 1.98 million sq ft was transacted, representing an upturn of 21 percent on the previous quarter and the highest quarterly total since the outbreak of the pandemic. More →