Search Results for: economic

Reviving flexible workspaces – a guide to saving failing operations

Reviving flexible workspaces – a guide to saving failing operations

Landlords and operators of flexible workspaces need to ensure that what they offer is meeting customer demands says Calum RussellThe landscape of flexible working has witnessed unprecedented growth, spurred by the evolving needs of businesses in the aftermath of the pandemic. Despite the economic turbulence of 2023, the flexible office market has remained strong in the UK, achieving a record overall occupancy of 83 percent in the same year. As the demand for adaptable and collaborative working environments continues to rise, landlords and operators of flexible workspaces need to ensure that what they offer is meeting customer demands. Given the number of notable operator closures, many landlords are beginning to find themselves at the forefront of decisions about managing and revitalising failing operations. More →

Employees increasingly want to work for firms with a clear sense of purpose

Employees increasingly want to work for firms with a clear sense of purpose

In the face of climate change, social justice movements, and recession, employees are seeking alternative commitments from employers. A new poll from Sparta Global claims that for job seekers in 2024, a company’s contributions to environmental sustainability, poverty alleviation, and community well-being are of growing importance. More →

Productivity boost from volunteering ‘adds £4.6 billion to UK economy each year’ 

Productivity boost from volunteering ‘adds £4.6 billion to UK economy each year’ 

Volunteering is delivering productivity gains worth billions to the UK economy each year, a new study claimsVolunteering is delivering productivity gains worth billions to the UK economy each year, a new study claims. The report by Pro Bono Economics (PBE), commissioned by national volunteering charity Royal Voluntary Service, estimates productivity gains worth at least £4.6 billion each year, or £4,551 per volunteer, arising from volunteering by those in professional and managerial occupations. The PBE report, titled?A pro bono bonus: The impact of volunteering on wages and productivity, stresses that these productivity gains would likely be even higher if the voluntary efforts of those in other job roles, as well as the benefits of volunteering to unemployed people, were taken into account. More →

When the chairs took over the world and what it all meant

When the chairs took over the world and what it all meant

rows of chairsOf all the things we buy, with the exception of our clothes, furniture is the most intimate, the one item we spend most time in contact with. According to JG Ballard who dedicated himself to understanding our relationship with the world around us, ‘Furniture constitutes an external constellation of our skin areas and body postures’. Whether he would have recognised it as such, Ballard was a pioneer of the principle we now refer to as psychogeography, defined by one of its founders, Guy Debord, as ‘the study of the precise effects of setting, consciously managed or not, acting directly on the mood and behaviour of the individual’. More →

Potential of AI is putting a smile on the faces of optimistic CEOs

Potential of AI is putting a smile on the faces of optimistic CEOs

CEOs are embracing artificial intelligence (AI) and investing in reskilling their people to ensure they have the capabilities to successfully exploit new technologies. The CEOs of the world’s largest companies are increasingly optimistic about future growth, with 66 percent highly positive about the global outlook over the next three to five years. This is the headline finding of the second annual Arthur D. Little (ADL) CEO Insights Study, which was launched today. The study found that whatever their strategy or sector, global CEOs are increasing their growth investments. Artificial intelligence (AI) is seen as crucial to growth, with 96 percent of CEOs having already deployed AI in some form, although, demonstrating the early stages of its adoption, just 13 percent have a compelling, enterprise-wide AI strategy in place. More →

Government scheme will see thousands more people train in technologies like AI

Government scheme will see thousands more people train in technologies like AI

Thousands of individuals will receive training and qualifications in cutting-edge technologies like AI as part of new government initiativesThousands of individuals across the UK will receive training and qualifications in cutting-edge technologies like artificial intelligence (AI) as part of new government initiatives. Additionally, other transformative fields such as medicine, 6G, and quantum computing are also part of this initiative. The driving force behind the move is a substantial investment of over £1.1 billion aimed at enhancing the country’s skill base. More →

Real estate sector is at a pivot point worldwide, report claims

Real estate sector is at a pivot point worldwide, report claims

Despite continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a ‘pivot point’, with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate Global Outlook 2024 from PwC and the Urban Land Institute (ULI). The report amalgamates three regional reports, which canvassed thousands of real estate leaders across Europe, the United States and Asia Pacific, and is a key indicator of sentiment towards the global real estate investment and development outlook across the globe. More →

Is a simple thank you too much to ask for?

Is a simple thank you too much to ask for?

The rate of change in business today is accelerating, whether that’s technological change, customer demands, economic uncertainty – all are complex challenges. As a result, employees have to be more resourceful, hard-working and dedicated in order to keep up. But according to McKinsey, over half of our employees are not engaged. Productivity is stagnant, Quiet Quitting is rife and employees feel a sense of not being connected to anything. More →

The sector responds to the Spring Budget

The sector responds to the Spring Budget

Yesterday’s Spring Budget included a number of announcements that affect the various people, place and technology professions in the UK. These include a cut in National Insurance, pension fund reforms, support for working parents, AI, helping people back in to work and more. You can see the Government’s own summary here. The various industry sectors have been quick to respond to the announcements. You can see what some people have had to say below, in no particular order. More →

There never was a new normal

There never was a new normal

Our strength will come in admitting that the ‘new normal’ was a mirage. It’s time that we all stopped focusing so hard on trying to reach it.Four years ago this month, we were all given our first ‘work from home’ mandate. A clear, unambiguous instruction from the UK government that, in the grip of a quickly spreading global pandemic, we should all work from home where possible. And amid the biggest seismic shift of our lifetime, it was an easy instruction to follow. Hunker down and wait patiently until we find a ‘new normal.’ But four years on, the question remains – are we nearly there yet? Are we ever going to find a ’new normal’? More →

Hybrid working helps women into senior management roles

Hybrid working helps women into senior management roles

The widespread adoption of hybrid working has opened the door for women to apply for senior positions within their companiesThe widespread adoption of hybrid working has opened the door for women to apply for senior positions within their companies, according to a new report released ahead of International Women’s Day. IWG’s 2024 report Advancing Equality: Women in the Hybrid Workplace, based on research among more than 1,000 female hybrid workers, found that flexible working had allowed over half (53 percent) to pursue promotions or apply for more senior roles  – which, in an encouraging move for advancing equality, rises to more than three in five (61 percent) of women from minority backgrounds. For almost three quarters (73 percent) of women in minority groups, flexible working has opened up new opportunities that they would not have had otherwise. More →

People have lost trust in AI already, and aren’t keen on innovation more generally

People have lost trust in AI already, and aren’t keen on innovation more generally

The Edelman Trust Barometer claims to expose a rift that has become a factor in the polarisation of societies on the issues of AI, innovationThe 2024 edition of the Edelman Trust Barometer claims to expose a rift on the subjects of AI and innovation that has become a new factor in the polarisation of societies. Respondents, by nearly a two-to-one margin, feel innovation is being poorly managed; this is true across age groups, income levels, and gender, and in both developed and developing countries people are more likely to say innovation is poorly managed than well managed. Innovations have also become politicized, especially in Western democracies where right leaning individuals are far more likely than those on the left to reject them; the biggest differences between those on the right and left are in the U.S. (41 points), Australia (23 points), Germany (20 points), and Canada (18 points). More →