Search Results for: communication

We will soon all have to work into our 70s, claims World Economic Forum

We will soon all have to work into our 70s, claims World Economic Forum 0

by • News, Workplace, Workplace design

The retirement age in Britain and other developed countries will need to rise to 70 by the middle of the century to head off the biggest pension crisis in history, according to a report from  the World Economic Forum. The world’s six largest pension systems will have a joint shortfall of $224 trillion by 2050, imperilling the incomes of future generations and setting the industrialised world up for the biggest pension crisis in history. To alleviate the looming crisis, governments must address the gaps in access to the pensions system and ageing populations as they are the key sources of the widening pension gap. These are the main findings of the new World Economic Forum report, We’ll Live to 100 – How Can We Afford It?, released today, which provides country-specific insights into the challenges being faced at a global level and potential solutions. The report is the latest study to calculate the impact of ageing populations in the world’s largest pension markets, which include the United States, United Kingdom, Japan, Netherlands, Canada and Australia. The issue has implications for the workplace that are already becoming evident as the working population ages and more people choose to defer retirement.

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Suppressed global productivity levels weigh down on personal wealth

Suppressed global productivity levels weigh down on personal wealth 0

by • News, Workplace

productivityThe slowdown in global productivity – already underway before the last economic crisis – combined with sluggish investment, continued to undermine rises in economic output and material living standards in recent years in many of the world’s economies, according to a new report released by the OECD. In its latest Compendium of Productivity Indicators, the OECD also highlights a decoupling between productivity growth and higher real average wages in many countries, resulting in continued  declines in labour’s share of national income. The report claims that the contribution of labour utilisation (hours worked per capita) to GDP growth has risen markedly in a number of countries, notably in the United Kingdom and the United States. However, rises in labour utilisation reflect two opposing effects: higher employment rates but lower average hours per worker, which points to more part-time working, often in low productivity jobs.

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Good working relationships and less stress are key to workplace happiness

Good working relationships and less stress are key to workplace happiness 0

by • Flexible working, News, Workplace

Less stress and better workplace relationships are the reason why the happiest regions to work in the UK are Yorkshire and the Humber; while uninteresting work is the reason why employees in Scotland and the South are the most unhappy. Research into workplace happiness by Happiness Works on behalf of Robert Half UK claims that 77 percent of employees in Yorkshire and the Humber are the happiest employees in Britain, well above the national average of 63 percent. Those questioned find their work more interesting (74 percent), get on with their team (88 percent), have good friends in the office (72 percent) and suffer less stress (38 percent). Britain’s most unsatisfied employees are those working in Scotland and the South of England, with 17 percent of employees saying they are unhappy at work and one in six expressing their work is not interesting. Over a quarter of those in South (27 percent) don’t have good friends in the office or don’t get on with their teams and one in seven (14 percent) in Scotland feel the same. However, employees in Scotland (63 percent) and the South (65 percent) do believe they have a good work-life balance.

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Improving adult skills can help countries benefit from globalisation, claims OECD

Improving adult skills can help countries benefit from globalisation, claims OECD 0

by • News, Workplace

In an increasingly competitive international environment, providing workers with the right mix of skills can help ensure that globalisation translates into new jobs and productivity gains rather than negative economic and social outcomes, according to a new OECD report. The OECD Skills Outlook 2017 reveals big differences in the extent to which countries are equipping workers with the right knowledge and ability to benefit from the globalisation of production chains. The report finds a country with a skills mix that is well aligned with the requirements of technologically advanced industries can specialise in these industries on average 8 percent more than other countries, and up to 60 percent more than countries with a low alignment between the mix and these industries requirements. A supplementary note covers the UK’s situation.

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Employee’s digital skills not being nurtured, despite growing need for data literacy

Employee’s digital skills not being nurtured, despite growing need for data literacy 0

by • News, Technology, Workplace

The majority of UK employees recognise the importance of data literacy to their career progression, but half have never been offered any relevant training. Statistics from a study of over 3,000 UK employees shows they understand the growing significance of data within their organisation, with almost all (94 percent) of those surveyed stateing that they consider data to be important for performing their role. Data skills were ranked as fourth in a list of the most important skills for their job – with only traditional, ‘soft’ skills such as ‘communication’, ‘organisation’ and ‘people management’ ranking higher. Yet the Censuswide survey, commissioned by Tableau revealed that despite four in five professionals (84 percent) believing data skills will be important for their career progression and a similar percentage (83 percent) using data on a weekly basis as part of their role, nearly half (49 percent) say their employer hasn’t offered them any kind of data analytics training.

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Wiring your brain to the Internet? What could possibly go wrong?

Wiring your brain to the Internet? What could possibly go wrong? 0

by • Comment, Technology, Wellbeing

Neuralink – which is “developing ultra high bandwidth brain-machine interfaces to connect humans and computers” – is probably a bad idea. If you understand the science behind it, and that’s what you wanted to hear, you can stop reading. But this is an absurdly simple narrative to spin about Neuralink and an unhelpful attitude to have when it comes to understanding the role of technology in the world around us, and what we might do about it. It’s easy to be cynical about everything Silicon Valley does, but sometimes it comes up with something so compelling, fascinating and confounding it cannot be dismissed; or embraced uncritically. Putting aside the hyperbole and hand-wringing that usually follows announcements like this, Neuralink is a massive idea. It may fundamentally alter how we conceive of what it means to be human and how we communicate and interact with our fellow humans (and non-humans). It might even represent the next step in human evolution.

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Employee freedom and self-regulation is the key to successful home working

Employee freedom and self-regulation is the key to successful home working 0

by • Facilities management, Flexible working, News, Workplace

Employee freedom and self-regulation is the key to successful home working

The lazy assumption that employees who work from home are invariably shirking work is gradually dissipating, as flexible working becomes part of accepted working practice. Now new research suggests that to really get the best from their home workers, employers need to treat them as responsible adults who can actually be trusted. A new study, conducted by Nick van der Meulen of Rotterdam School of Management, Erasmus University (RSM) has revealed that job performance in working from home is driven by employee self-regulation and decision-making freedom rather than previous beliefs that it was achieved through managerial or peer control. In fact, any suggestion of shirking is erased by the evidence of a positive relationship between the extent of telework and number of hours worked. On average, full-time teleworkers perform just as well as those who do no telework at all — even under conditions of infrequent communication with the manager, low peer performance monitoring, and no outcome reward systems.

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Flexible working can be the key to lower stress levels at work 0

by • Flexible working, Wellbeing

A survey of over 1,000 British workers by the Institute of Leadership & Management, claims that flexible working can be an important way to reduce stress and increasing general wellbeing among the workforce. The study (login required) claims that over 4 in 5 (85 percent) managers feel that allowing staff to work flexibly enhances staff wellbeing and reduces overall stress ; two thirds (65 percent) believe flexible working encourages more commitment and motivation amongst staff; and over three quarters (78 percent) say flexible working helps to retain staff. Speaking to 1,026 managers, the study claims that flexible working increases productivity and wellbeing. The study also claims that learning the tools or techniques of how to be happy in one’s working life can empower major breakthroughs for people and their wellbeing. The Institute claims its research means that there needs to be broader communication in the workplace regarding flexible working policies from senior management. Openness and honesty about flexible working policies can alleviate worries and uncertainty.

Governments need to address perfect storm of low wages, productivity and automation

Governments need to address perfect storm of low wages, productivity and automation 0

by • News, Technology

Governments need to act now to address issues such as productivity, automation and stagnating or falling wages, according to two new reports from the International Monetary Fund (IMF). In both its Spring global policy agenda and world economic outlook, the IMF claims that workers are subject to a perfect storm of factors that will destabilise their jobs and lives unless governments implement robust policies to help them work more flexibly, acquire new skills and work alongside the new generation of automated technologies instead of in competition with them. Addressing the issues in a speech last week, IMF managing director Christine Lagarde said that governments need to create a new economic and social architecture that allows everybody to take advantage of the opportunities offered by technology and the current growth in the world economy.

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Over half of employers report increase in workplace stress and mental ill health

Over half of employers report increase in workplace stress and mental ill health 0

by • News, Wellbeing, Workplace

More than half (55 percent) of employers have reported an increase in the level of stress and mental health related illnesses at work, according to the annual Benefits and Trends Survey from Aon. The survey claims that while 72 percent of employers believed they had a key role in influencing employee health in 2015, this decreased to 67 percent in 2016. The survey did find that employers have tactics to support health and wellbeing – branded wellness programmes (21 percent) and flexible working (20 percent) being the most popular – but these may be disconnected to what employees and the business actually need. Not surprisingly then, 58 percent would like a better understanding of the impacts of health risks, while 72 percent now use some form of data to drive health and wellbeing strategy. The most popular sources were absence data (57 percent) and employee engagement surveys (45 percent). In addition, the number of employers that have considered managing a known health risk is on the increase – rising to 48 percent from 25 percent in the last two years (42 percent in 2015).

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City of London offers free public access WiFi across whole Square Mile

City of London offers free public access WiFi across whole Square Mile 0

by • Company news, Technology

The City of London Corporation has announced a deal that will deliver a free, public access WiFi network, offering internet access anywhere within the Square Mile. The multi million pound project is one of the largest investments in wireless infrastructure ever seen in London. Cornerstone Telecommunications Infrastructure Ltd (CTIL) has been awarded a major 15-year contract to roll-out and manage the City of London’s new wireless network in conjunction with O2. The new network will deliver wireless services across all mobile networks for City businesses, residents and visitors.

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New guide aims to advise employers on how to prepare for Brexit

New guide aims to advise employers on how to prepare for Brexit 0

by • Legal news, News, Workplace

Sick of hearing about Brexit? Of course you are. Nevertheless, things have only just begin and we’d better get used to it so consultancy XpertHR has launched a new guide for UK employers on how to prepare for Brexit, after Prime Minister Theresa May triggered Article beginning the ‘divorce proceedings’. The guide, which the authors claim will be updated as negotiations between the UK and EU progress, focuses on how employers can prepare for potential changes to the right of free movement. It outlines the practical steps employers can take and suggests how they could support their European workforce in the UK. The report suggests that, while the Free Movement Directive, which allows European Economic Area (EEA) citizens and their dependants to live, work and study in any country within the EEA, will remain in force for the next two years, free movement is set to be a thing of the past with EEA nationals expected to become subject to an immigration regime under UK law.

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