Search Results for: financial

February 6, 2017

No job is entirely safe as era of robots at work dawns ⁰

Two new reports have highlighted the ways in which a new generation of robots could transform the workforce, opening up opportunities while also threatening existing jobs. A study from Oxford Martin School claims that 35 percent of jobs in the UK are at risk of automation, and not necessarily those of the low skilled and unskilled. The study analyses which jobs commanding a salary of more than £40,000 are most at threat. It found that top of the “at risk” ranking are insurance underwriters, with a rating of 98.9 percent, followed by loan officers at 98.4 percent, motor insurance assessors (98.3 percent) and credit analysts (97.9 percent). A second report from think tank Reform suggests that robots should be proactively brought in to the workplace to replace 90 per cent of Whitehall’s 137,000 administrative staff with “artificially intelligent chatbots” by 2030, saving £2.6 billion a year.

February 4, 2017

UK public sector property programme to ‘deliver billions to public purse’ ⁰

by Mark Eltringham • News, Property, Public Sector

The UK government has reduced the public sector property estate by over 300,000 square metres delivering savings of £176 million in the last financial year, according to the latest State of the Estate report from the Cabinet Office. Speaking yesterday at the 2017 Government Property Conference, Minister for the Constitution Chris Skidmore announced that since 2010, rationalisation of the estate has reduced its size by a quarter, delivering over £1 billion in running costs. The sale of surplus properties, including Admiralty Arch (pictured) and the Old War Office, resulted in a further £1 billion in capital receipts in 2015-16 – a notable step towards the pledge to deliver £5 billion in receipts by 2020. The report shows that vacant space within the central government estate now only represents 1.4 percent – well below the average in the private sector of 8.9 percent.

January 27, 2017

Flexible hours is main reason self-employed are happier than traditional workers ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

Flexible working hours and being their own boss makes the UK’s self-employed much happier than those in traditional employment a new survey claims. According to the latest set of findings from the ‘Definitive Study of the Self-Employed,’ commissioned by Intuit QuickBooks, the self-employed generated mean annual revenues of £32,623 (£5,000 more than the average UK salary), despite working 10 hours less per week. Of those who have been a salaried worker, two thirds (66 percent) claim to be financially better off or the same and 65 percent also feel better off in terms of ‘life satisfaction’. When the research considered nuanced reasons for choosing to work for oneself ;control of schedule (77 percent), more flexibility to work to one’s own terms (68 percent) and liking being one’s own boss (65 percent) were leading reasons, with not worrying about workplace politics (47 percent) also regularly referenced.

January 20, 2017

The facts about sit stand work are already lost in the stream of narrative ⁰

by Mark Eltringham • Comment, Knowledge, Wellbeing, Workplace design

Toss a sliver of information into the great stream of accepted public narrative and see what happens to it. There it goes, briefly visible on the surface then consumed; part of the stream but no longer to be seen. A perfect example of this is provided by a recent piece of research carried out by the Texas A&M Health Science Center School of Public Health into the effects of standing at work on a small sample of call centre workers. While the results of the study are impressive, notably a 46 percent increase in productivity, by the time the story was reported on Inc.com, the 167 call centre workers had suddenly morphed into ‘everybody’. It should go without saying that the headline ‘Your Productivity Will Increase by 46 percent if You Stand at Your Desk’ does not reflect the conclusions of the original research. The statements by the researchers suggesting that the study is significant with regard to call centre staff but merely indicative of a wider issue go ignored.

January 18, 2017

Lost generation of Millennials stranded between eras of wealth and vocation, claims study ⁰

by Mark Eltringham • News

The much talked about generation of Gen Y Millennials are stranded between the more fortunate era of Gen X wealth and the coming era of vocation focussed Gen Z. That is the key finding of a new survey from recruitment agency Randstad which claims that the members of Gen Y are not just burdened with student debt and struggling to get on the property ladder, but are now under threat from an arguably more vocational and commercially-minded Generation Z. The survey of 4,000 respondents claims that nearly four in ten (38 percent) Gen Y Millennials feel their education has left them unprepared for the modern world of work. But just under a third (32 percent) of respondents from Generation Z — the ‘digital natives’ born from 1996 onwards — feel the same way. The survey also revealed that the very youngest professionals from Generation Z are displaying higher leadership ambitions, with 84 percent saying they are shooting to be top dog in the workplace. This compares to 79 percent of Millennials.

January 18, 2017

Interaction completes transformation of Grade II listed Victorian castle into new office ⁰

by Neil Franklin • Case studies, Company news, Workplace design

Design and build firm Interaction , has completed the design and fit out of a Grade II listed Victorian ‘castle’ in Cirencester as the new head office of financial comparison website money.co.uk. In 2015 the firm was ranked the second fastest growing business in the UK by The Sunday Times and needed its workplace to reflect this growth, convey its culture and attract new talent. The core concept was a juxtaposition of the traditional architecture of The Castle with a contemporary interior. The design features include a bespoke Star Wars themed cinema complete with popcorn machine, two gyms, hand painted suits of armour as well as ‘Rolling Stones’ and ‘Steam Punk’ themed bathrooms. The new office incorporates a number of settings for informal meetings, private work, training, relaxing or socialising. This includes an ‘ice cave’ which can be used for an informal meeting, or to eat and socialise. There is also a ‘ski lodge’, which can be accessed through a secret door. More →

January 17, 2017

Third of working mothers rely on school breakfast clubs to keep their jobs ⁰

by Sara Bean • Flexible working, News, Public Sector, Workplace

Nearly 60 per cent of parents rank breakfast clubs as ‘very important’ for their families survival and routine; and a third of working British mothers say they would have to give up work if they weren’t available, claims a new report. The Kellogg’s study ‘The Parent’s Lifeline’, which looks into the role school breakfast clubs play in the lives of working families reveals that just a fifth of working mums and dads claimed they found time to enjoy breakfast with their children – describing their mornings as ‘tiring’ and ‘stressful’. While more than a quarter (27 per cent) of parents felt the absence of a breakfast club would mean at least one parent would be forced out of work, it is working mothers who would bear the burden (33 per cent). One in five recognised the cost for alternative morning childcare would mean they would have to tighten their purse strings, with nearly 20 per cent of parents claiming they save more than £50 every week by sending their children to breakfast clubs.

January 16, 2017

Nearly half of the stressed employees of SMEs want to move jobs ⁰

by Sara Bean • News, Wellbeing, Workplace

Two-thirds (67 percent) of employees in small to medium employers (SMEs) are currently fed up at work and lack motivation, but the large majority of their employers (81 percent) believe they aren’t affected by the January blues, claims new research by Moorepay. Nearly three-quarters (73 percent) feel their colleagues are also affected by the January blues, which sit in stark contrast to the perception of managers and small businesses owners, who are unaware of how their staff feel. Work-related stress is considered the primary reason for feeling demotivated by most employees (36 percent), followed by the long wait to pay day (17 percent) and the financial fallout of the Christmas celebrations (10 percent). Consequently, almost half (46 percent) of all employees say they are likely to look for a new job in the next three months. Only 19 percent of small to medium businesses (SMBs) realise what impact the January blues has on their business.

January 13, 2017

Major corporate real estate occupiers struggle to balance cost cutting with strategic goals ⁰

by Mark Eltringham • Facilities management, News, Property, Workplace design

Although the world’s major corporate real estate occupiers retain a focus on managing the costs of their workplace when it comes to making the big decisions, there is a growing emphasis on offsetting this against issues such as staff recruitment and retention. That is the key finding of a new report from Cushman & Wakefield into the priorities and decision making of large corporate occupiers. It claims that firms are now far more focused on striking the right balance between goals that are often in direct opposition to one another. The study, produced in partnership with CoreNet Global, was based on interviews with 266 occupiers, three quarters of whom have more than 25 offices worldwide. The survey examined not only how location and workplace strategy are viewed as corporate value drivers, but also CRE’s alignment with business strategy.

January 11, 2017

Money worries undermine performance of one in four workers says CIPD ⁰

by Sara Bean • News, Wellbeing, Workplace

A quarter of people are suffering with money problems so substantial that it is affecting their ability to do their job, claims a new survey published by the CIPD and Close Brothers Asset Management. Physical fatigue caused by lost sleep when worrying about money, is the most common explanation for how financial concerns have impacted people’s productivity, effecting one in five employees (19 percent). The number reporting problems rises to a nearly a third (31 percent) among 18-24 year olds, and those living in London (32 percent). The problem is not limited to low earners either, with one in five (20 percent) of employees earning £45,000 to £59,999 saying that financial anxiety has affected their ability to do their job. Meanwhile, women are more likely than men to report that money worries are affecting their work, with nearly three in ten (28 percent) women reporting the problem, compared with less than one in four (23 percent) of men.

January 6, 2017

Thirteen ways the physical environment shapes knowledge management

by Agustin Chevez and Laurie Aznavoorian • Facilities management, Premium Content, Work&Place, Workplace design

Knowledge management (including its creation, transference and storage) within an organisation is now widely considered to be one of the primary drivers of a business’s sustainability. Driven by changing demographics, businesses are recognising the ways in which valuable knowledge is lost when employees leave the organisation, including when they retire or are made redundant in response to changing economic conditions. Geyer, an Australian design practice, is just one organisation that has undertaken important research to understand the role of the physical environment in knowledge management.The aim of the research was to explore the kinds of environments and their attributes (if any) that could support the management of knowledge in an organisation. The research also aimed to expand the focus of existing knowledge management literature; from information technology to workplace design.

January 6, 2017

Work-life balance trumps pay in workplace new year’s resolutions ⁰

by Mark Eltringham • Flexible working, News

New research from Office Genie claims that when it comes to career-focussed resolutions, financial desires lose out to a more holistic approach to wellbeing: A better work-life balance is the top new year’s resolution for UK employees (17 percent), closely followed by the wish to learn new skills in the workplace (14 percent). Pay rises (13 percent) are important however, coming in third. Having healthier lunches (9 percent), being more organised (7 percent), and getting a promotion (6 percent) also proved popular. It would appear employees are less concerned with getting more done: productivity (5 percent), working harder (3 percent), and making more friends in the workplace (1 percent) are the three least popular resolutions.