Search Results for: finance

Cost of living crisis and other employee concerns are top risk concerns of businesses

Cost of living crisis and other employee concerns are top risk concerns of businesses

by • News, Wellbeing, Workplace

The managers and owners of firms across the UK now believe that the cost of living crisis is the top risk to their business, closely followed by a range of employee related issuesThe managers and owners of firms across the UK now believe that the cost of living crisis is the top risk to their business, closely followed by a range of employee related issues, according to a new poll. Employee related risks in the top five include lack of skilled talent, employee retention and cost of salaries. Despite the cost of materials continuing to rise over the last 12 months, this risk has dropped back from first place in 2022. Risks relating to debts, late payments and fraud all make an appearance in the top ten for the first time. More →

To boost productivity in the UK, we need to think big and different

To boost productivity in the UK, we need to think big and different

by • Comment, Technology

olicymakers, businesses, and society must recognise the importance of productivity and collaborate to implement the necessary reforms and initiatives to unlock the country's full economic potentialThe decline in UK productivity since the Great Recession of 2008/2009 has been a matter of concern for business leaders, policymakers, and economists alike. Despite hopes that the pandemic would act as a catalyst for transformation and boost productivity, recent figures from the Office for National Statistics (ONS) show that the UK still lags behind several other G7 economies. More →

All we are saying is give lease a chance

All we are saying is give lease a chance

by • Features, Furniture

The lease of office fit-out elements looks like a no-brainer for a number of reasons. But is the sector ready to embrace them?By their very nature, trends come and go. What we are now seeing with sustainable, responsible product and material sourcing goes way beyond trend or fad, of course, and in recent discussions we’ve had (and we’ve had quite a few) on the subject, the question of furniture as a service or a furniture lease model has arisen on a number of occasions. So often, in fact, that we decided we should look deeper into the subject, to ascertain its pros (and cons) and to decipher whether this is merely a hypothetical – certainly at any large scale – that the industry would like to adopt or is a very real here and now. More →

Two in five people are working extra hours as cost-of-living crisis bites

Two in five people are working extra hours as cost-of-living crisis bites

by • News, Wellbeing, Workplace

A new poll suggests that the continuing cost-of-living crisis is now affecting a greater proportion of employeesA new poll suggests that the continuing cost-of-living crisis is now affecting a greater proportion of employees, with more people working extra hours, more struggling to buy food or pay their bills, and fewer being able to afford to take sick days, compared to mid-2022. HR software provider Ciphr surveyed 1,000 employees across the UK about their experiences of rising living costs in 2023, and any actions they’ve taken, or have considered taking, because of financial pressures. More →

Half of traditional non-tech firms now consider themselves tech firms

Half of traditional non-tech firms now consider themselves tech firms

by • Business, News, Technology, Workplace

Nearly half (49 percent) of ‘traditional’ enterprises now consider themselves tech firms, and are adopting more ‘tech-like’ strategies, roles and tools to drive innovation and growth.The pandemic years forced traditional industries to digitise their operations at speed, but three years on, non-tech enterprises across the UK – from sectors including finance, advertising, manufacturing and more – are actively embracing the ‘tech mindset’ more than ever, according to a new report. The poll from Pendo [registration], claims that nearly half (49 percent) of ‘traditional’ enterprises now consider themselves tech firms, and are adopting more ‘tech-like’ strategies, roles and tools to drive innovation and growth. More →

Businesses need three years to prepare for impact of AI

Businesses need three years to prepare for impact of AI

by • News, Technology, Workplace

A new survey of 600 UK human resources (HR) managers and directors suggests they will need three years to be ready for the impact of AI on the workplaceA new survey of 600 UK human resources (HR) managers and directors suggests they will need three years to be ready for the impact of AI on the workplace – yet 99 percent believe artificial intelligence (AI) will deliver benefits. Almost 40 percent said it would take a minimum of three years before they were prepared for the impact of AI on their roles, and fewer than one in six (15 percent) said they would be fully prepared for the potential impact of AI on the workforce within the year. To integrate AI, nearly 40 percent were investing in their tech teams, while 35.5 percent were already trialling AI in their businesses. More →

Office refurbishments rise to all time high in London

Office refurbishments rise to all time high in London

by • Facilities management, News, Property

The volume of all London projects including both office refurbishments and new space is up by almost 80 percent, with the West End continuing to lead the wayAccording to the latest London Office Crane Survey from Deloitte, London has seen the highest volume of new office refurbishments since records began in 2005, with 37 new schemes covering 3.2 million sq. ft. The volume of all projects including both office refurbishments and new space is up by almost 80 percent, with the West End continuing to lead the way. The report claims that over 10 million sq. ft. is now projected to be delivered during 2023, with this year on track to catch-up after several years of disruption. More →

IF AI can replace what you do without anybody noticing, the problem isn’t with the technology

IF AI can replace what you do without anybody noticing, the problem isn’t with the technology

by • Comment, Technology, Wellbeing

AI is ready to muscle in on our ability to create and consume vast quantities of content. So we need to look at things in a new wayPerhaps the least surprising news from the current AI media frenzy is that Buzzfeed has already been using the tech to publish a lot of its stories. There’s an obvious response to this and it’s not about how amazing the AI is. If an artificial intelligence can write vast quantities of formulaic clickbait stories on your website without anybody noticing, then the problem is with your original approach to ‘content’ and how it’s consumed. More →

More than one in three Americans fear artificial intelligence could take their jobs

More than one in three Americans fear artificial intelligence could take their jobs

by • News, Technology

A survey of 3,000 employees across the United States has shed light on the extent to which workers are concerned about the growth of artificial intelligence (AI) and its impact on their job securityA survey of 3,000 employees across the United States has shed light on the extent to which workers are concerned about the growth of artificial intelligence (AI) and its impact on their job security. The research, carried out by FreelanceWritingJobs.com, claims that just over 1 in 3 (35 percent) Americans are worried about the possibility of AI making their professions redundant. More →

Getting past the uncertainty of GDP to find something better

Getting past the uncertainty of GDP to find something better

by • Business, Comment, Everything Omni, Wellbeing

Epicenter Coworking Space in Stockholm, where Sweden has an economic model that deals with the uncertainty of GDP as a focusThe other night, my fourteen-year-old daughter was revising for her Economics exam, and we discussed the Swedish Economic Model and its relevance in our own age of uncertainty. According to the International Monetary Fund, Sweden’s national debt to GDP ratio has fallen chiefly since 1995. We proceeded to discuss the term Gross National Product (GDP). GDP measures the monetary value of final goods and services produced in a country in a given period of time over three months or a year. More →

KI Postura+ chair reaches first milestone on journey towards 100 percent recycled content

KI Postura+ chair reaches first milestone on journey towards 100 percent recycled content

by • Company news, Works Magazine

KI has confirmed that Postura+ will begin its transition to a product for the circular economy, with all one-piece chairs manufactured from December 2022 set to contain at least 30 percent recycled polypropylene. Following over 3 years of trials and testing, this achievement sets an important milestone on KI’s journey towards taking a leading position in the circular economy. Over the coming years, KI will work towards increasing this percentage to future milestones 50, 80 and ultimately 100 percent, bringing all standard colours into line with the increasingly popular Jet Black chairs which are already made with 100 percent recycled content. More →

Firms should focus on people in the drive for long term growth

Firms should focus on people in the drive for long term growth

by • News, Wellbeing, Workplace

A new report by Economist Impact, sponsored by Kyocera Document Solutions, claims that human-centric strategies are needed for businesses to drive sustainable business growth, focusing on three pillars: productivity and infrastructure, employee engagement and culture. The Magnetic Workplace Barometer claims to gauge confidence both today and in five years’ time across  what the report terms the three main pillars of productivity and infrastructure; employee engagement; and culture. The barometer scores are scaled from 1 to 7, 7 being the most confident. More →

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