Search Results for: economy

UK faces urgent AI skills gap, Microsoft report claims

UK faces urgent AI skills gap, Microsoft report claims

by • AI, News, Technology

The UK is facing an AI skills gap that could leave companies struggling to compete with rivals from across the world, a new Microsoft report claims.  The research, entitled AI Skills in the UK, also found that businesses in this country use less AI than firms overseas, and when they do it tends to be less advanced. UK organisations are also less likely to be classed as “AI pros” compared to the global average (15 percent versus 23 percent), and the UK has a higher failure rate of AI than the global average (measured by the number of projects generating no commercial value – 29 percent versus 19 percent). More →

UK businesses lead the way on lockdown wellbeing

UK businesses lead the way on lockdown wellbeing

by • News, Wellbeing

Business leaders around the world have focused on protecting their employees in their immediate COVID-19 response, with UK CEOs leading the pack on mental wellbeing support. Some 93 percent of UK CEOs (92 percent globally) prioritised protecting employee health and safety over everything else. However, UK CEOs were found to have been significantly more focused on their employees’ mental wellbeing than their global counterparts, with 90 percent providing wellbeing support and initiatives, compared with 61 percent of CEOs globally. More →

Freelancer income fell by a quarter during lockdown

Freelancer income fell by a quarter during lockdown

by • News

In the second quarter of 2020, freelancers’ average income dropped by 25 percent, according to the latest freelancer Confidence Index by IPSE (the Association of Independent Professionals and the Self-Employed). According to IPSE, the drop in income was driven by a record fall in the average number of weeks freelancers worked this quarter. Between March and June, the average freelancer went 5.5 weeks out of 13 without work. Combined with a 3 percent fall in freelancers’ average day rates, this led to average quarterly earnings declining by 25 percent from £20,821 in Q1 2020 to £15,709 in Q2 2020. More →

Return to work offers us a unique opportunity to change everything

Return to work offers us a unique opportunity to change everything

by • Comment, Facilities management

Four day week return to workThe way we worked before covid was fundamentally broken; our wellbeing, our climate and our business efficiency. The genie is out of the bottle; going back just simply isn’t an option. When considering the return to work, there are organisations making knee-jerk decisions trying to avoid a complex minefield of potential missteps which could impact the safety of their employees and health of their business. Simply creating a ‘covid secure’ workplace right now would be a great opportunity lost in cementing real change and transformation into the world of work; for our wellbeing and our planet. More →

Many firms say over half of workforce will be gig workers in near future

Many firms say over half of workforce will be gig workers in near future

by • News, Workplace

An updated report from Aon claims that 26 percent of European HR directors believe that half of their workforces will comprise of so-called gig workers in five years time, while 18 percent of UK respondents say that 75 percent or more of their workforce will be made up of contractors over the same period. More →

Don’t be a commute Canute, Boris

Don’t be a commute Canute, Boris

by • Comment, Flexible working

So, Prime Minister Boris Johnson has told the British people to get back to work by Christmas. This  means that millions would be renewing their season tickets, getting up in darkness to dress up for work, crowding onto those trains, buses and tubes while swaddled in facemasks and battling their way into the office (which for the time being will be a pretty dull experience with social distancing). More →

Self-employment is great for wellbeing, not so great for the bank balance

Self-employment is great for wellbeing, not so great for the bank balance

by • News, Wellbeing

In the week the ONS announced that the number of self-employed people in the UK had dropped by 178,000 over the last quarter, a new report from the Joseph Rowntree Foundation and the Institute for Fiscal Study suggests that the growing number of people who turn to self-employment do so despite a drop in their incomes. On average, they earn nearly £500 (30 percent) less a month than they did before falling out of traditional employment. More →

Flexible working set to double once pandemic crisis is over

Flexible working set to double once pandemic crisis is over

by • Flexible working, News

New research from the CIPD claims that employers now expect the proportion of people working from home on a regular basis will increase to 37 percent compared to 18 percent before the pandemic. Employers also expect the proportion of staff who work from home all the time to rise to 22 percent post pandemic compared to 9 percent before lockdown measures started to be imposed. More →

Prioritising nature in development could create 395 million new jobs by 2030

Prioritising nature in development could create 395 million new jobs by 2030

by • Environment, News

Mental healthThe global COVID-19 pandemic has caused unprecedented job losses and economic uncertainty. As governments and businesses look to stimulate growth, a new study from the World Economic Forum claims that ‘nature-positive’ solutions can create 395 million jobs by 2030. The Future of Nature and Business Report says this is a $10.1 trillion business opportunity. More →

The economic challenges of the post lockdown world become clearer

The economic challenges of the post lockdown world become clearer

by • Briefing, Features, Premium Content, Property

There are so many unknowns about the ways in which the Covid-19 pandemic will shape our world in the coming months and years but what it has highlighted are the strengths and weaknesses in the global and UK economy and their implications for the commercial property sector. In its latest white paper, property consultancy and chartered surveyors Bruceshaw examines the macro and micro economic challenges that will shape the property sector for many years to come. More →

Low paid workers and those in precarious jobs bearing brunt of Covid-19

Low paid workers and those in precarious jobs bearing brunt of Covid-19

by • News, Working lives

New research by the Institute for Employment Studies (IES) think tank, funded by Standard Life Foundation, suggests that low paid workers are bearing the brunt of the Covid-19 crisis. The analysis provides what it says is the first detailed assessment of official Labour Force Survey data for the post-crisis period. More →

Mental health and coronavirus: a human resources perspective

Mental health and coronavirus: a human resources perspective

by • Comment, Flexible working, Wellbeing

mental healthIn March, coronavirus presented a stark challenge to businesses attempting to cope with workplace absence. FirstCare statistics show that during Q1 2020, more than 98 percent of Covid-19-related absences were due to unconfirmed cases, self-quarantining as a precaution, or caring for dependents. This has resulted in huge financial pressure on businesses. Now though, as restrictions are gradually eased, human resources must respond to the mental health challenges the pandemic has manifested in workers, including grief, trauma, PTSD and more general anxiety. More →

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