Search Results for: financial services

Digital transformation and flexible workforce will help drive growth, say senior managers

Digital transformation and flexible workforce will help drive growth, say senior managers 0

by • Flexible working, News, Technology, Workplace

Implementing new technologies over the next 12 months is of primary importance for  senior managers, with nearly two-fifths of finance directors saying digital transformation is one of their greatest priorities. Against a backdrop of economic uncertainty, chief financial officers (CFOs) are focusing on increasing profitability (41 percent) and driving overall company growth (39 percent) in the year ahead, according to research from, Robert Half Management Resources which claims that CFOs and finance directors (FDs) will assume more responsibility for balancing traditional financial responsibilities with developing business strategy. The use of temporary and interim professionals also looks set to continue with a third of CFOs and FDs planning to use temporary staff for business transformation projects to either fill vacated positions or support active expansion. In the long-term, 31 percent of finance executives plan to actively add new permanent positions to implement the company’s digitisation and automation efforts over the next 12 months.

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No job is entirely safe as era of robots at work dawns 0

by • News, Technology

Two new reports have highlighted the ways in which a new generation of robots could transform the workforce, opening up opportunities while also threatening existing jobs. A study from Oxford Martin School claims that 35 percent of jobs in the UK are at risk of automation, and not necessarily those of the low skilled and unskilled. The study analyses which jobs commanding a salary of more than £40,000 are most at threat. It found that top of the “at risk” ranking are insurance underwriters, with a rating of 98.9 percent, followed by loan officers at 98.4 percent, motor insurance assessors (98.3 percent) and credit analysts (97.9 percent). A second report from think tank Reform suggests that robots should be proactively brought in to the workplace to replace 90 per cent of Whitehall’s 137,000 administrative staff with “artificially intelligent chatbots” by 2030, saving £2.6 billion a year.

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Third of working mothers rely on school breakfast clubs to keep their jobs

Third of working mothers rely on school breakfast clubs to keep their jobs 0

by • Flexible working, News, Public Sector, Workplace

Third of working mothers say they rely on school breakfast clubsNearly 60 per cent of parents rank breakfast clubs as ‘very important’ for their families survival and routine; and a third of working British mothers say they would have to give up work if they weren’t available, claims a new report. The Kellogg’s study ‘The Parent’s Lifeline’, which looks into the role school breakfast clubs play in the lives of working families reveals that just a fifth of working mums and dads claimed they found time to enjoy breakfast with their children – describing their mornings as ‘tiring’ and ‘stressful’. While more than a quarter (27 per cent) of parents felt the absence of a breakfast club would mean at least one parent would be forced out of work, it is working mothers who would bear the burden (33 per cent). One in five recognised the cost for alternative morning childcare would mean they would have to tighten their purse strings, with nearly 20 per cent of parents claiming they save more than £50 every week by sending their children to breakfast clubs.

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Thirteen ways the physical environment shapes knowledge management

Thirteen ways the physical environment shapes knowledge management

by • Facilities management, Premium Content, Work&Place, Workplace design

Knowledge management (including its creation, transference and storage) within an organisation is now widely considered to be one of the primary drivers of a business’s sustainability. Driven by changing demographics, businesses are recognising the ways in which valuable knowledge is lost when employees leave the organisation, including when they retire or are made redundant in response to changing economic conditions. Geyer, an Australian design practice, is just one organisation that has undertaken important research to understand the role of the physical environment in knowledge management.The aim of the research was to explore the kinds of environments and their attributes (if any) that could support the management of knowledge in an organisation. The research also aimed to expand the focus of existing knowledge management literature; from information technology to workplace design.

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Majority of British workers will work at some point over Christmas and New Year

Majority of British workers will work at some point over Christmas and New Year 0

by • News, Wellbeing

Three in five UK employees will work at some point over the Christmas period, a third of staff will curtail their break to return on Tuesday 27th December and 45 percent say working over Christmas is mandatory. These are the key findings of research from Hudson. The firm suggests that growing pressure pressure on companies to meet year round demand is causing employees to work over the traditional holiday period. The quarterly UK office-based workforce survey claims that the majority of workers (61.5 percent), including three quarters of millennials (76 percent), will cut short their festivities to work at some point between Christmas Eve and the January Bank Holiday. More than one third of staff (34 percent) will have to work at least one day between Christmas and New Year, causing problems for the many employees who’ve travelled home to be with their families over the festive period.

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Britain is missing a trick by not getting workplace training right

Britain is missing a trick by not getting workplace training right 0

by • Comment, Workplace

workplace trainingNew research from PwC highlights Britain’s failure to provide opportunities for young people. The study brings attention to the fact that the country ranks a lowly 21st out of 35 OECD members for its ability to get 15 to 24 year olds into work, education or training. If the UK could equal Germany’s low youth unemployment rate it would stand to gain around £45 billion, a 2.3 percent increase in GDP. The PwC report compares numerous countries, however Germany, Austria and Switzerland come out on top when it comes to providing career opportunities and workplace training to young people. Perhaps a clue to their success is that these nations all have so-called ‘dual education systems’ where work-based learning sits with equal stature alongside traditional academic study.

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How tech giant EMC standardised the design and management of its office portfolio

How tech giant EMC standardised the design and management of its office portfolio 0

by • Case studies, Facilities management, Features, Workplace design

workplace-insight-imagesThis summer’s headlines have been full of discord, a cacophony of angry voices either directed at continental Europe, or at the Brexiters who voted for Britain to leave the European Union. But EMC, a global leader in information technology-as-a-service which has recently been acquired by Dell, is a leading light of European integration through its One Team approach to workplace management and design across Europe, the Middle East and Africa (EMEA). Over the past three years, the EMC Global Real Estate and Facilities Team (GREF), which supports more than 12,000 people in around 130 office locations across 50 countries in EMEA, has transformed from a group operating independently, to a fully-aligned team which provides a uniform and standardised approach to workplace delivery and management to enable greater business success.

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Stress levels among Gen Y workers higher than other generations

Stress levels among Gen Y workers higher than other generations 0

by • Flexible working, News, Wellbeing, Workplace

Gen Y feel most stressed

Younger workers are more affected by workplace stress than their older colleagues, with half of Generation Y UK workers (50 percent), reporting heightened levels of stress in the workplace, compared to 44 percent for generation X and 35 percent within the baby boomer generation. The Global Benefits Attitudes Survey of 1,895 employees in the UK by Willis Towers Watson suggests that the top causes of workplace stress for Millennials were inadequate staffing and low pay, which mirrored the top two causes across all generations in the survey. This is followed by a lack of work/life balance and unclear and/or conflicting job expectations, whereas for baby boomers it is company culture and excessive organisation change. The report also shows Gen Y workers are more worried about their finances than older workers, with 64 percent of younger workers reporting being worried, compared to 55 percent of generation X workers and 38 percent of baby boomers.

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Office property sector leads global real estate market in sustainability

Office property sector leads global real estate market in sustainability 0

by • Environment, Facilities management, News, Property, Wellbeing

global-sustainabilityThe global real estate market is showing signs of improvement across all areas of environmental, social and governance performance (ESG) including a 1.2 percent reduction in energy consumption, 2 percent reduction in GHG emissions and close to 1 percent reduction in water use. It is also placing greater focus on occupant health and well-being. This is according to the latest data compiled by GRESB, a benchmarking organisation for real estate companies and funds which evaluates sustainability practices in the global real estate sector. In the results for the 2016 GRESB Real Estate, Developer and Debt assessments, which analyses the sustainability performance of more than 1,100 real estate portfolios of both private equity and listed companies, Australian entities outperformed all other regions with an average score of 74, which is 14 points above the global average; and office companies and funds outperformed other property types with an average score of 66.

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Post Brexit business confidence returns but overall uncertainty remains

Post Brexit business confidence returns but overall uncertainty remains 0

by • Cities, Legal news, News, Property

BrexitBlink and you’ll miss some news item on Brexit, so here’s just some of the stuff we’ve picked up on the last few days. It’s hard to imagine that any of these stories might be woven into some sort of coherent narrative, especially when the Prime Minister has yet to announce any details or timescales for the UK’s mooted withdrawal from the EU, if not the Single Market. Some of the ifs and buts are laid out in this excellent blog, but the reality is that nobody really knows what will happen and, as the writer suggests, the UK may not have the expertise to deliver a coherent withdrawal anyway. In the meantime, there appears to be some sense that business is returning to normal. The key CIPS/Markit survey of business confidence has bounced back both quickly and strongly and there are other signs that not all is doom and gloom. That said, there are clear signs that overseas partners are spooked amid the uncertainty even though the still low Sterling exchange rate continues to make the UK attractive.

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A well executed wellness strategy benefits staff and employers

A well executed wellness strategy benefits staff and employers 0

by • Comment, Wellbeing, Workplace

Wellbeing at workEmployee health and wellbeing is moving up the agenda of many companies. A recent report from the Reward and Employee Benefits Association (Reba) and Punter Southall Health & Protection found that a third of companies have a wellness strategy in place, with 80 per cent having introduced one in the last three years. Of the 70 per cent that don’t yet have a strategy, a third plan to implement one this year, a third plan to implement a plan in the next few years and the final third have it firmly on their wish list. This is driven by the fact that the UK is experiencing a major demographic change – in 2014 the average age of the population exceeded 40 for the first time. With the percentage of the total population over 60 predicted in a report from AgeUK to rise from 24.2 percent at present to over 29 percent in 2035, employers are beginning to wake up to the fact that wellness is good for staff and good for business.

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Many UK workers don’t think current employee benefits meet their needs

Many UK workers don’t think current employee benefits meet their needs 0

by • Flexible working, News, Wellbeing

Flexible working guideA new study published to coincide with Smarter Working Day (today, apparently) claims that almost half of UK workers (48 percent) don’t think their current employee benefits package is tailored to their needs. The study of 1,000 UK workers published by payroll lending provider SalaryFinance claims that 38 percent of UK workers currently have access to flexible working although only 26 percent say they prefer the chance of flexible working to financial and psychological wellbeing benefits. Fewer than one in five (19 percent) currently have access to benefits designed to support mental wellbeing, such as counselling services, and only one in four (26 percent) receive financial wellbeing support from their employer. In contrast, one in three (32 percent) receive ad hoc incentives such as free lunches, birthday cakes and duvet days. With 58 percent of people saying that their employer has never asked for feedback on their benefits programme, employers could be falling out of touch with the needs of staff, claims the research.

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