Search Results for: economic

The significance of women’s health is increasingly acknowledged in the modern workplace

The significance of women’s health is increasingly acknowledged in the modern workplace

addressing the disparities in women's health could dramatically reduce this statistic, enhancing the lives of billions globallyWomen, on average, outlive men but, as reported by the World Economic Forum (WEF, 2024), spend approximately 25 percent of their lives in poor health. According to the WEF, addressing the disparities in women’s health could dramatically reduce this statistic, enhancing the lives of billions globally. Notably, strategic improvements in women’s healthcare could add an average of seven days of healthy living per year for each woman, cumulatively offering more than 500 additional healthy days over a lifetime. This progression not only promises to elevate the quality of life for women but also holds the potential to boost the global economy by at least $1 trillion annually by 2040. More →

Flexible working rights stand to benefit millions of people

Flexible working rights stand to benefit millions of people

From today (April 6th 2024), UK employees will have the legal right to request flexible working from their first day in a new job.From today (April 6th 2024), UK employees will have the legal right to request flexible working from their first day in a new job. Under the updated regulations, employers must engage in discussions with employees and consider alternative solutions before declining a flexible working request. Decisions on applications must now be made within two months, reducing the previous timeframe of three months, which includes any appeals. Additionally, employees will be entitled to submit two flexible working requests within a 12-month period, rather than the previous allowance of one. More →

Is working from home creating an epidemic of burnout and loneliness? Spacemade has an answer

Is working from home creating an epidemic of burnout and loneliness? Spacemade has an answer

Many people working from home complain of feeling isolated and burnt out. So could a serviced office be the answerSince the pandemic, 69 percent of UK businesses have adopted a hybrid working model offering employees greater autonomy in their working lives. While this flexibility sounds ideal, it has unexpectedly created a work wellness issue, with employers reporting they have seen a 77 percent surge in mental health issues in 2023, vs 44 percent in 2022.  In a recent survey by Statista, 21 percent of workers said that their biggest struggle with working from home was that they had no reason to leave it. More →

All you need to know about the changes in employment law from 6 April 2024

All you need to know about the changes in employment law from 6 April 2024

There are a number of employment law changes coming into effect on 6 April 2024 that will impact SMEs the most. These modifications to employment law will profoundly influence the daily functions of businessesThere are a number of employment law changes coming into effect on 6 April 2024 that will impact SMEs the most. These modifications to employment law will profoundly influence the daily functions of businesses, especially during a period when SMEs face substantial economic challenges. It is essential for managers to revise their policies, engage with employees, and adapt their procedures in alignment with the updated regulations prior to their implementation. This proactive stance is vital to maintain compliance and mitigate potential claims. More →

British workers now entirely unproductive, claims report

British workers now entirely unproductive, claims report

The overwhelming majority of UK workers don’t do anything productive at all, according to a new report published today. The study of available research into the illnesses, injuries, distractions, wastes of time, procrastinations, productivity drains and paralyses that afflict British workers found that the annual cost to the British economy is around £1.8 trillion, equivalent to 98.9 percent of GDP.

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FAANGs for the memories: how tech palaces lost their lustre

FAANGs for the memories: how tech palaces lost their lustre

With the downfall of wunderkind Sam Bankman-Fried and the demise of his Bahamas HQ, does this mean that instead of being heralded as inspiration, tech palaces have instead become dated and toothlessI was alerted by the great Jack Pringle during a presentation course he was giving to an unforgettable YouTube clip of Steve Jobs speaking to the local council as part of a planning application for his Apple Park in California, one of the great tech palaces that sprang up in the wake of the digital revolution. Jobs, in familiar black polo neck jumper and wire-rimmed spectacles, took the officials of Cupertino City Council on a journey of opportunity, awe and inspiration. More →

If you want a high paying job, remote work is now less of an option

If you want a high paying job, remote work is now less of an option

According to the latest data from the careers website Ladders, the availability of remote positions with salaries exceeding $200,000 has seen a drastic reduction. The High Paying Jobs Competition Index, a report by Ladders, indicates that only 12 percent of such jobs are now available remotely, a steep decline from the 37 percent recorded in the third quarter of 2022. This trend is evident across both technology and non-technology sectors. More →

Sick pay reform should encourage people back into work, government claims

Sick pay reform should encourage people back into work, government claims

A parliamentary committee of MPs has called for a 'long-overdue' boost to statutory sick payA parliamentary committee of MPs has called for a ‘long-overdue’ boost to statutory sick pay (SSP), emphasising the need to strike a delicate balance between workers’ wellbeing and employers’ financial constraints. The Work and Pensions Committee has recommended aligning the SSP rate with the flat rate of Statutory Maternity Pay, a move that they say could significantly improve the financial safety net for workers. More →

Up to 8 million UK jobs already at risk from AI without intervention

Up to 8 million UK jobs already at risk from AI without intervention

An analysis of the impact of generative artificial intelligence (AI) on the UK labour market uncovers a ‘distinct sliding doors moment’, with possibilities for huge job disruption in future or significant GDP gains, depending on government policy. The report from think tank the IPPR claims to identify two key stages of generative AI adoption: the first wave, which is here and now, and a second wave in which companies will integrate existing AI technologies further and more deeply into their processes. More →

Highly organised CEOs can hold back a firm’s flexibility in times of change

Highly organised CEOs can hold back a firm’s flexibility in times of change

CEOs who prioritise planning and organisation can find their skills make them a hindrance to their organisations when it comes to adapting to external changes, according to new research from Durham University Business School. The researchers say that this is because organised CEOs tend to be more rigid in their practices, thus making it more difficult for them to change their ways. The researchers also found that CEOs who are anxious and can get stressed easily also make it difficult for the organisation to adapt quickly. More →

AI will leave a lot of people with nowhere to go in the job market

AI will leave a lot of people with nowhere to go in the job market

Non-graduates, 'silver surfers' and those in lower socio-economic brackets will be left behind as AI creates a 'skills glass ceiling'Non-graduates, ‘silver surfers’ and those in lower socio-economic brackets will be left behind as the rise of AI creates a ‘skills glass ceiling’. That’s according to the latest Robert Half Jobs Confidence Index (JCI) – an economic confidence tracker produced in partnership with the Centre for Economics and Business Research (Cebr). The latest iteration of the Robert Half JCI revealed that almost half (45 percent) of the UK workforce is concerned that AI will disrupt their career in the next six to ten years. More →

Wannabe entrepreneurs likely to ignore important financial warnings

Wannabe entrepreneurs likely to ignore important financial warnings

Wannabe entrepreneurs are highly likely to ignore poor financial performances in order to pursue their dream, according to new researchWannabe entrepreneurs are highly likely to ignore poor financial performances in order to pursue their dream, according to new research by emlyon business school and ESC Clermont Business School. The researchers found that in the early stages, new entrepreneurs are so blinded by their dreams of becoming successful, they believe entrepreneurial spirit can get them out of a difficult situation. More →