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Most workers not productive while working from home, report claims

Most workers not productive while working from home, report claims

working from homeNo more than 15 percent of healthy workers confined to their homes will work productively, argues new research from right leaning think tank the Institute of Economic Affairs. Government restrictions on social interaction designed to slow the spread of coronavirus have led to a rapid increase in the number of people working from home. But a new briefing paper from the Institute of Economic Affairs (IEA) suggests this is unlikely to be maintained in the long term. More →

Employees struggle to adapt to new workplace technology

Employees struggle to adapt to new workplace technology

workplace technologyNew research by Hays Talent Solutions claims workplace technology has had a significant impact on businesses and organisations when it comes to development, automation and growth; continuing to shake up the modern workplace and workforce in 2020. Paving the way for the change, younger workers are arguably redefining what workers want from their employers, while employees struggle to adapt to a technological workplace. More →

Third of workforce expect role to vanish within three years

Third of workforce expect role to vanish within three years

WorkforceA new study by Mercer claims the COVID-19 pandemic and subsequent uncertainty are accelerating changes in the way organisations around the world are working and will continue to work into the future. Particularly in challenging times, employers are focusing on their workforce, specifically fostering healthy lifestyles, supporting financial wellness and providing skills and training as careers change due to AI and technology developments. More →

Fall in employment and property values is inevitable

Fall in employment and property values is inevitable

commercial propertyIt is already inevitable that the economic fallout from the COVID-19 pandemic will include a “big hit to commercial property values” and a rise in unemployment in the UK, according to reports from researchers Capital Economics (paywall). The economic research consultancy has downgraded its forecasts for the UK economy and, as a result, is projecting a near 10 percent decline in property values and a rapid but short-lived increase in unemployment. More →

The UK`s tech sector continues to thrive

The UK`s tech sector continues to thrive

Britain’s digital sector is growing at six times the pace of the country’s other industries, according to new research from Tech Nation. According to the annual study, technology businesses contributed around £149 billion to the UK economy in 2018, nearly 8 percent of GDP. Since 2017 staff numbers at digital companies have risen by 40 percent to 2.9 million, nearly tenth of the total UK workforce. More →

One million young workers set to leave London before turning 33

One million young workers set to leave London before turning 33

Young workers

The number of young workers leaving London is on the rise, with net migration away from the capital growing, claims new research from Totaljobs and Professor of Economics at Lancaster University, Geraint Johnes. The new research, taken from analysis of ONS data as well as the views of 2,000 Londoners, suggests that since 2014, more than one million professionals have left London, with just 900,000 coming in. This is a net loss of 88 workers every day, with the biggest shortfall down to workers aged 25-34, the majority (54 percent) of them having given up hope of ever owning property in the capital. There has been a 49 percent increase in outbound migration of those in their 30s over the last five years. More →

Pandemic highlights precarious reality of workplace legislation

Pandemic highlights precarious reality of workplace legislation

precarious workplace Less than a week on from the Budget, and already the government’s emergency measures to respond to covid-19 feel like they belong to another crisis. While attention this weekend has rightly focused on how our health services and older people can be supported, we also need urgently to revisit the impact on the workplace and especially how we’ll support the many millions of workers who will find themselves off work – sick or in self-isolation – over the coming months. More →

Employee confidence plunges amid economic and workplace uncertainty

Employee confidence plunges amid economic and workplace uncertainty

Employee confidence

Employee confidence in U.K. business conditions has fallen to its lowest level on record on the back of Brexit and rising fears around the coronavirus, according to Gartner, Inc. Gartner’s latest Global Talent Monitor report claims that the U.K. business confidence fell to an index score of 44.5 in 4Q19, a decrease of over 11 index points from 4Q18. The figure puts the U.K. more than 6 index points below the current global average. More →

Higher female state pension age causes an increase in older women at work

female state pension ageThe number of women aged between 60 and 64 in work has increased by 51 percent since the 1995 Pensions Act came into effect which increased the female state pension age from 60 to 65 since 2010, claims research from Rest Less, a jobs, volunteering and guidance site for the over 50s.

Between October and December 2009, there were 644,674 women aged between 60 and 64 in work. In the same period in 2019, there were 976,376 women aged between 60 and 64 in work – an increase of 331,702 or 51 per cent. This contrasts with an increase of only 127,882 (or 13 percent) in the number of men working aged between 60 and 64 over the same period. More →

Half of strategic decision making in organisations fails

Half of strategic decision making in organisations fails

More than half of all strategic decisions made by directors turn out to be wrong according to new research, conducted by PHD student Joep Steffes at Nyenrode Business University. This is due to time constraints, not having all of the information, and bias which often causes directors to make important decisions that are not based on reason but ‘gut’. These decisions, which could be deciding not to enter a new market or to pursue a merger, require more thought than your average decision – a director can’t simply rely on automatic actions, speed, and intuition. More →

A great company culture is the basis for successful flexible working

A great company culture is the basis for successful flexible working

company cultureCompany culture is more integral to remote platforms than it is to traditional bricks-and-mortar enterprises. In a disjointed setting, culture is what holds a team together, and marries it to the company’s values. Not only is this a boon to getting work done, it’s a formula for business success. Consider the main challenges to many people working in concert from different locations: accessing information, clearly communicating, making decisions that reflect an organization’s mission. When we optimize these actions, we’re more productive and better able to serve customers and meet objectives. More →

UK outpaced by other nations when it comes to women in work

UK outpaced by other nations when it comes to women in work

Despite holding firm in 16th place, the UK is being outpaced by greater improvements in female employment prospects in other OECD countries, according to PWC’s latest Women in Work Index, which analyses female economic empowerment across 33 OECD countries. While the UK performs above the OECD average and is second only to Canada when compared to other G7 economies, its position has barely budged since 2000 when it stood in 17th position, despite improving its performance across all five indicators. More →