Search Results for: risk

AI will transform financial services in two years

AI will transform financial services in two years

by • News, Technology

AINearly two-thirds of financial services leaders expect to be mass adopters of AI in two years compared to just 16 percent harnessing it today, a survey from the World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) claims. This is despite fears around AI, with 58 percent of the 150 senior executives surveyed expecting it to worsen discrimination in the sector and the same number expecting privacy breaches to increase. (more…)

Businesses can fail if employees are over-confident

Businesses can fail if employees are over-confident

by • Business, News

confidentSenior employees being too confident about the value of their ideas could be one reason businesses are failing, according to research by the University of Cologne. The study, conducted by Professor Fabian Sting and a team of interdisciplinary co-authors, highlights how choosing the wrong ideas to pursue can lead businesses to make unwise investments and miss out on opportunities, which could threaten their survival. A large part of the problem, it says, is that the person who comes up with the idea overestimates how successful their innovation will be and views their skill or performance as better than it actually is. (more…)

Worst things bosses have said to employees dealing with cancer

Worst things bosses have said to employees dealing with cancer

by • News, Wellbeing

It’s not unreasonable for an employee diagnosed with cancer to look to their employer for assistance, but according to one support organisation, many employers handle the situation incredibly tactlessly. To coincide with World Cancer Awareness Day today, RedArc, which provides nurses for employees with serious or long-term health conditions, has issued a list of the worst things people with cancer reported hearing from their managers. Over the past year, its nurses logged statements such as, “Perhaps you should retire”, “You’ve had your treatment now, so you should be fine” and “How long will you be off?” (more…)

Outdoor workers exposed to 15 percent more pollution than average

Outdoor workers exposed to 15 percent more pollution than average

by • Environment, News

pollutionOutdoor workers in the capital are exposed to 15 percent more pollution than the average Londoner, new research has claimed. Over six months, the Canairy app developed by King College London gathered data from two groups of Londoners, some mostly working in offices and others mostly working outside. Both groups were exposed to high levels of air pollution but those working outside fared worst, being exposed to air pollution breaching guidelines for NO2, particulate matter (PM2.5 and PM10) and ozone. Some maximum exposures were nearly two thirds higher than recommended World Health Organisation (WHO) limits. (more…)

Uber workers cling to “precarious” existence

Uber workers cling to “precarious” existence

by • Flexible working, News

UberPolicy makers should resist claims by Uber that its drivers fall into a middle ground between traditional employees and independent contractors, a new study says. The research report, Profits Uber Everything?, by Rotterdam School of Management, Erasmus University, examines Uber’s argument that its drivers are “independent workers” who are, in some respects, like individuals working for others and in other respects are like independent businesses. The company is only trying to establish this new category to exonerate itself of any responsibility for the workers, the researchers claim. (more…)

Firms swap overseas placements for short-term trips

Firms swap overseas placements for short-term trips

by • Business, News

overseas placementMany companies are moving away from long-term overseas placements in favour of short-term transfers, a report has suggested. To reduce costs and meet changing business and worker needs, firms are shifting from typical transfers of one to three years to moves of around three to 12 months, KPMG International‘s latest Global Assignment Policies and Practices (GAPP) survey says. Although this shift allows organisations more flexibility, they must implement the necessary processes to remain compliant with immigration and tax rules, the report warns. (more…)

Don`t believe what you read about wellbeing, except this

Don`t believe what you read about wellbeing, except this

by • Comment, Wellbeing, Workplace, Workplace design

wellbeing and the workplace messengerAs we are told repeatedly, the modern workplace is not very good for our physical and mental wellbeing, and potentially a death trap. Most of us are lucky to get home in one piece at the end of each day, regardless of the job we do. (more…)

Third of job seekers suspect class discrimination

Third of job seekers suspect class discrimination

by • News, Workplace

Two-thirds of employees believe class is an issue when it comes to securing a new job, with one in three saying they’ve been discriminated against because of it, a new study has claimed. In contrast, more than half of employers said they don’t think class discrimination is an issue when hiring. (more…)

Equal pay: women too polite to ask for more money

Equal pay: women too polite to ask for more money

by • News, Workplace

equal payMillions of women could be missing out on higher salaries as 82 percent never negotiate their pay when applying for jobs, new research has claimed. The fear of being “rude” or “ungrateful”, compounded by concerns from 21 percent that asking for equal pay could jeopardise benefits such as maternity leave or flexible working, is silencing women when it comes to money, the survey of 1,000 working women suggests. (more…)

AI reskilling is ‘crucial’ for business success

AI reskilling is ‘crucial’ for business success

by • News

AI trainingAs AI continues to disrupt the world of work, a new report says upskilling and reskilling will be crucial in developing workers’ competencies to complement technological innovation. Yet according to the 2020 Talent Trends Report released by Randstad Sourceright, only about a fifth of businesses around the world (22 percent) are currently training existing employees to help them adapt to AI. (more…)

Mental health issues force one in six into career break

Mental health issues force one in six into career break

by • News, Wellbeing

Mental healthOne in six employees (17 percent) has been forced to take time out from their career due to stress or mental health pressures, a survey of 3,000 people has suggested. According to the research from AIG Life, 19 percent of non-retired women and 15 percent of men have taken time out from their career due to mental health pressures. The research highlights that employers risk the loss of valuable skills and experience, a drop in productivity and extra costs associated with recruiting replacement staff if they fail to support employees dealing with stress or mental health issues.    (more…)

The vaguery of workplace serendipity

The vaguery of workplace serendipity

by • Comment, Facilities management, Technology, Workplace design

It has become vogue to refer to the workplace as being ‘all about people’. It points in all directions at once. Organisations need fit, healthy, happy, skilled, motivated, engaged and purposeful people being (and feeling) productive and doing their best work every day. They want their people working closely together – they’ve spent a lot of time and money drawing in those they feel can contribute to a whole that is other than the sum of the parts. (more…)

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