Search Results for: productivity

To boost productivity in the UK, we need to think big and different

To boost productivity in the UK, we need to think big and different

olicymakers, businesses, and society must recognise the importance of productivity and collaborate to implement the necessary reforms and initiatives to unlock the country's full economic potentialThe decline in UK productivity since the Great Recession of 2008/2009 has been a matter of concern for business leaders, policymakers, and economists alike. Despite hopes that the pandemic would act as a catalyst for transformation and boost productivity, recent figures from the Office for National Statistics (ONS) show that the UK still lags behind several other G7 economies. More →

Bolder strategy needed to boost productivity and economic growth

Bolder strategy needed to boost productivity and economic growth

The Government’s plan to transform the UK into a science and technology superpower will fail to boost living standards unless it’s linked to a broader industrial strategy aimed at raising productivity across all sectors of the economy.The Government’s plan to transform the UK into a science and technology superpower will fail to boost living standards unless it’s linked to a broader industrial strategy aimed at raising productivity across all sectors of the economy. This is the central conclusion of a new CIPD discussion paper, An industrial strategy for the everyday economy, which says a bolder vision for economic growth, looking across all sectors and areas of the economy, is needed considering the multiple challenges facing the UK. More →

‘Performative work’ is holding back productivity, poll claims

‘Performative work’ is holding back productivity, poll claims

A new  poll from Slack claims that a focus on performative work, rather than impact, is holding back UK businessesA new  poll from Slack claims that a focus on performative work, rather than impact, is holding back UK businesses; leading to them falling behind the likes of Germany, France, India and Singapore when it comes to adopting, and gaining, the efficiency benefits of technological advances in AI and automation. Based on findings from 2,000 desk workers in the UK, only 21 percent say their company is using AI tools to improve productivity, compared to 75 percent in India, 35 percent in Singapore, 29 percent in Germany and 23 percent in France. Meanwhile, 37 percent of UK workers say their productivity is measured on visibility (i.e. hours spent in the office or online). As a result, almost one third (30 percent) of the average day is lost to performative work that doesn’t contribute to company goals, but is simply done to appear productive. More →

A Newtonian perspective on productivity, reason and creativity

A Newtonian perspective on productivity, reason and creativity 0

On the doorstep of the British Library, you will find Edouardo Paolozzi’s imposing statue of Sir Isaac Newton. At first glance, this position seems to make perfect sense. Where better for a monument to the Enlightenment’s poster boy than raised on a plinth at the entrance to the world’s second largest library? And yet, there’s more going on here than is evident at first glance.

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Only a fifth of workers think hybrid working tools have substantially improved productivity

Only a fifth of workers think hybrid working tools have substantially improved productivity

Only around a fifth (18 percent) of workers in two key sectors believe hybrid working technology has substantially improved their productivity.A new poll from IT consultancy Doherty Associates, claims that while over three-quarters (77 percent) of workers in two key market sectors say their company has introduced new technology to support hybrid working, only around a fifth (18 percent) of respondents believe it has substantially improved their productivity. More →

UK productivity continues to drag despite variations across sectors

UK productivity continues to drag despite variations across sectors

The UK has seen a significant dip in productivity growth since the Global Financial Crisis of 2007-8, according to a new report from PwC UKThe UK has seen a significant dip in productivity growth since the Global Financial Crisis of 2007-8, according to a new report from PwC UK. However, this new analysis also highlights sectoral differences in productivity growth, with some sectors performing better than others in recent years. The slowdown in manufacturing productivity is also shown to have played a significant role in the fall in economy-wide productivity, but there is positive sentiment amongst manufacturers, with almost 1 in 5 expecting to see gains of 10-25 percent in the coming year. According to PwC UK’s new UK Productivity Tracker, a lack of sustained investment expenditure may be behind the UK’s weak performance. More →

Flexible working drives productivity and stronger company culture

Flexible working drives productivity and stronger company culture

flexible working plays a key role in fostering organisational culture and has a significant positive impact on productivityFuture Forum, a consortium launched by Slack with founding partners Boston Consulting GroupMillerKnoll, and MLT has published the latest findings from its global Pulse survey, which suggest that flexible working plays a key role in fostering organisational culture and has a significant positive impact on productivity. According to the poll, flexible workers were 57 percent more likely to say that their company culture has improved over the past two years compared with those required to be on-site five days a week—and they cited flexible working policies as the primary reason their culture is changing for the better. More →

Third of firms believe hybrid working improves productivity, but at a cost

Third of firms believe hybrid working improves productivity, but at a cost

A poll from the latest Bupa Global Executive Wellbeing Index suggests that over a third (35 percent) of UK business leaders feel implementing hybrid working has brought greater productivity to their organisations. Over a quarter (29  percent) of UK executives said they had now embraced the benefits of hybrid working despite being previously dubious about the practice, with more than two-fifths (44 percent) saying they personally enjoy the flexibility of a hybrid workplace. Overall, over a third of UK business leaders (35 percent) agreed that working from home increases productivity. More →

Over half of offices not set up to optimise creativity and productivity

Over half of offices not set up to optimise creativity and productivity

An image of a gorilla applying lipstick to symbolise shallow attempts at creativityA study from Unispace claims that the majority of workplaces are not set up to enable staff to work to their best ability. The results of the poll of 3,000 office workers and 2,750 employers across Europe, found that despite 78 percent of businesses stating that their office has been set up to enable staff to be creative and productive, over half (52 percent) of employers noted that creativity and innovation among their employees increased while work from home guidance was in place. Full findings can be found in Promoting workplace creativity and productivity [registration]. More →

WELL certification may boost occupant satisfaction, perceived wellbeing and productivity

WELL certification may boost occupant satisfaction, perceived wellbeing and productivity

An illustration of three people celebrating to illustrate their wellbeing A new study claims that WELL certification appears to boost levels of satisfaction and perceptions of health, wellbeing and productivity in people. The study claims to show an increase in occupant satisfaction by nearly 30 percent, as well as occupant perceived well-being scores by 26 percent, mental health by 10 percent and productivity by 10 median points in WELL Certified buildings. More →

Poor acoustics hamper productivity and deter people from spending more time in the office

Poor acoustics hamper productivity and deter people from spending more time in the office

acousticsNoisy offices are lowering productivity, with 60 percent of office workers unable to concentrate and delivering poor quality work due to loud workspaces, is deterring people from returning to offices more often, and can even lead to violence. Those are the key findings of a new poll of 2,000 workers from Oscar Acoustics. The survey [registration] suggests that just 8 percent of people feel they work in a quiet office, with only a quarter of office workers working in a space that has well designed acoustics for their job. More →

Four day week should be about people, not productivity

Four day week should be about people, not productivity

four day weekYou may well have seen the announcement that more than 3,300 workers at 70 UK companies, ranging from a chippy and a distillery to leading financial institutions, have started working a four day week, with no loss of pay, in what is described as ‘the world’s biggest trial of the new working pattern’. The pilot – which will run for six months – is being organised by 4 Day Week Global in partnership with the think tank, Autonomy, and researchers at Cambridge University, Oxford University and Boston College. More →