Search Results for: financial services

Potential of AI is putting a smile on the faces of optimistic CEOs

Potential of AI is putting a smile on the faces of optimistic CEOs

CEOs are embracing artificial intelligence (AI) and investing in reskilling their people to ensure they have the capabilities to successfully exploit new technologies. The CEOs of the world’s largest companies are increasingly optimistic about future growth, with 66 percent highly positive about the global outlook over the next three to five years. This is the headline finding of the second annual Arthur D. Little (ADL) CEO Insights Study, which was launched today. The study found that whatever their strategy or sector, global CEOs are increasing their growth investments. Artificial intelligence (AI) is seen as crucial to growth, with 96 percent of CEOs having already deployed AI in some form, although, demonstrating the early stages of its adoption, just 13 percent have a compelling, enterprise-wide AI strategy in place. (more…)

We need to talk about loneliness

We need to talk about loneliness

From a business perspective, loneliness can be something that is often overlooked, particularly with the growing trend of hybrid workingLast year the World Health Organization (WHO) declared that loneliness is a pressing global health threat. Research has shown that it poses the same health risk as 15 cigarettes a day. According to the ONS, between January and February 2024, one in four adults in the UK reported feeling lonely. The government estimates the cost of severe loneliness per person is roughly £10,000 per year as a result of its impact on wellbeing, health and productivity. From a business perspective, this issue can be something that is often overlooked, particularly with the growing trend of hybrid working. In a connected workplace, employees feel valued, supported, and motivated to contribute their best. (more…)

Employers ‘toughen’ remote working rules 

Employers ‘toughen’ remote working rules 

Employers are toughening up remote working rules according to a new poll Randstad UK. Three in every five workers in the UK say that, in the past few months, their employer has become stricterEmployers are ‘toughening’ up remote working rules according to a new poll from Randstad UK. Three in every five workers in the UK say that, in the past few months, their employer has become stricter about making staff come into the office. In a survey of 2,000 workers across the UK, 60 per cent agreed with the statement: “In the past few months, my employer has become stricter about making sure staff come into the office.” But the research claims that cutting remote working options may prove counterproductive for organisations. (more…)

Club Employés and Weavr partner to give people more choice and control over employee benefits

Club Employés and Weavr partner to give people more choice and control over employee benefits

European employee benefits platform, Club Employés, has partnered with embedded finance specialists, Weavr, to power a debit card solution for employee benefitsEuropean employee benefits platform, Club Employés, has partnered with embedded finance specialists, Weavr, to power a debit card solution for employee benefits, which gives employees the power to pick the perks they prefer. By expanding access to relevant benefits through the capabilities of embedded finance, employees are more likely to engage with the benefits provided by their employers. (more…)

People spending more time in offices in search of social interaction

People spending more time in offices in search of social interaction

Office workers now spend more time in the office, with the average creeping up to three and a half days per week compared to three days in 2022, according to a new report from international law firm, Gowling WLG. The report, titled Strategic moves: why the office is now a business-critical decision [registration], surveyed senior representatives responsible for making office lease decisions in companies, and a selection of office workers. It identifies that a more permanent approach to office usage is now emerging, as the shadow of the pandemic recedes, as well as demonstrating the changing metrics being applied by occupiers to decisions relating to premises requirements and the more complex environment for landlord asset management. (more…)

Canary in the coal mine: other business districts are watching what happens next for Canary Wharf

Canary in the coal mine: other business districts are watching what happens next for Canary Wharf

Already the symbol of a bygone era, Canary Wharf runs the risk of becoming a relic unless it reinvents itself. And others are watching The first casualties of the already cliched injunction to make offices worth the commute were always going to be the world’s most inaccessible business districts. In the UK the most high profile of these is Canary Wharf, 52 hectares of former wasteland in East London that became a financial powerhouse. Part of the regeneration of the area that began in the 1980s, it became synonymous with the era and with Margaret Thatcher and her reform of the financial services sector. This came to pass even though its most iconic structure One Canada Square was only completed in 1990, shortly after she had left office and shortly before its developer filed for bankruptcy. (more…)

Most UK workers now expect to retire at 62 years old

Most UK workers now expect to retire at 62 years old

A new poll of people aged between 35 and 55 suggests that most workers expect to retire at around 62 years old, four years earlier than the UK state pension age of 66.  The report called Providing for tomorrow today: understanding an ageing workforce was commissioned by law firm Osborne Clarke.  It surveyed employees aged 35-55 working in seven industry sectors across the UK. The report claims to identify workers’ current and future employment and retirement expectations and the impact these may have, not only on the shape of the future UK workforce, but also on employers in the industry sectors surveyed. (more…)

Office refurbishments rise to all time high in London

Office refurbishments rise to all time high in London

The volume of all London projects including both office refurbishments and new space is up by almost 80 percent, with the West End continuing to lead the wayAccording to the latest London Office Crane Survey from Deloitte, London has seen the highest volume of new office refurbishments since records began in 2005, with 37 new schemes covering 3.2 million sq. ft. The volume of all projects including both office refurbishments and new space is up by almost 80 percent, with the West End continuing to lead the way. The report claims that over 10 million sq. ft. is now projected to be delivered during 2023, with this year on track to catch-up after several years of disruption. (more…)

People responding to artificial intelligence by focussing on their ‘human skills’

People responding to artificial intelligence by focussing on their ‘human skills’

Globally, workers are focused on developing their human skills, even as they see a future dominated by technology-driven work, artificial intelligence and automationGlobally, workers are focused on developing their human skills, even as they see a future dominated by technology-driven work, artificial intelligence and automation, according to a new study from Pearson. For the latest edition of the Pearson Skills Outlook series [registration], Pearson partnered with Google to examine how and why people in the US, UK, India, and Brazil are looking to upskill as they face a rapidly changing economy. (more…)

How the 21st Century office was born in post war Europe

How the 21st Century office was born in post war Europe

Central Beheer Building There was a curious addition to a 2016 report on the Top 10 Technologies Driving the Digital Workplace from tech researchers Gartner. It wasn’t a technology at all but rather a slightly obscure office design concept that originated in Hamburg in the late 1950s, but which tells us a lot about how we work in the 21st Century office, according to Gartner. Its history lies with the German consulting firm Quickborner. Led by the brothers Eberhard and Wolfgang Schnelle, the firm applied the egalitarian principles of the post war world and rejection of the scientific management theories that had created the familiar factory-like rows of desks that had come to dominate open plan offices to create something more in tune with the new age.

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New study claims people who can work remotely come into the office for less than two days a week

New study claims people who can work remotely come into the office for less than two days a week

A global study of 220 offices in 33 countries, representing nearly 250,000 employees, has revealed that hybrid working is becoming established as the norm for those who can work remotely. Those people now come into the office an average of just 1.5 days a week, versus nearly four days a week before the Covid-19 pandemic. AWA’s second Hybrid Working Index study, conducted between September and November this year, found that on average people go into the office 29 percent of the time. Among employers surveyed in both the first study, in the summer, and this one, attendance was steady at around 25 percent. (more…)

Leading UK employers call for flexible working recruitment by default 

Leading UK employers call for flexible working recruitment by default 

flexible workingA joint letter from 21 leading employers – including several in the FTSE 100 – is calling on employers across the UK to advertise all vacant roles with flexible options by default. The full text is: (more…)