Search Results for: employment levels

UK leads the world in talent, but it needs the right culture in which to thrive

London at nightWe should never take the UK’s talent base for granted. According to a new report from Deloitte, when it comes to employment levels of people in knowledge based jobs in high skill sectors such as digital media, banking, legal services, software development, telecoms and publishing, London is comfortably the world’s leading city. The study found that London employed 1.5 million people in the 22 sectors surveyed, compared with 1.2 million in New York, 784,000 in Los Angeles, 630,000 in Hong Kong and 425,000 in Boston. The report also predicts that London will enjoy rapid growth in employment levels in these sectors over the next seven years, adding around 100,000 more people and that while a decline in employment is foreseen in financial services, this will be more than offset by strong growth in creative and media businesses.

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Worldwide space standards moving closer to UK norm, claims new report

ShrinkingWorldwide office space standards are now moving closer to the norm seen in the UK according to a new survey from CoreNet Global. According to the CoreNet survey of real estate managers, the average amount of space per office worker globally has dropped to 150 sq. ft (14 sq.m.) , from 225 sq. ft. (21 sq.m.). This is still well outside the standards from the British Council for Offices Specification Guide which reported a fall to 11.8 sq. m. in 2009 and which will be revised downwards even further with the publication of the new guide which has been promised soon.  Even this figure might be seen as high and makes assumptions about the relevance of such space standards given the way some firms now work.

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Corporate Real Estate executives predict strong global economic outlook

The global economic outlook is strong for the second half of 2013, while the prospects for corporate growth and expansion are also increasing, according to the views of corporate executives surveyed in June for the new CoreNet Global Confidence Index. Nearly two-thirds (62.5%) rated their outlook on the global economy for the coming six months as optimistic to very optimistic, compared to a year ago. Most (72.4%) reported the likelihood that flexible, open workplace strategies will increase, while space per work setting and/or work settings per supported worker will be reduced.

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Commercial sector bucks downward UK construction trend

Construction figsConstruction business activity fell by the third month running in January, with new orders at slowest pace since October 2012 according to the latest Markit/CIPS UK Construction Purchasing Managers’ Index (PMI). There were some reports that snowfall had contributed to reduced output volumes, but the majority of respondents cited weak underlying client demand and a lack of new projects.  However commercial activity was the only sub-sector to buck the wider downward trend in output during January with the latest data indicating unchanged volumes of commercial activity, ending five months of contraction. More →

Navigating misconduct in the workplace: a lawyer’s perspective

Navigating misconduct in the workplace: a lawyer’s perspective

Recently, Lloyd’s of London has been in the news because it has proposed significant steps to address the notorious levels of misconduct in its sectorLloyd’s of London has been in the news because it has proposed significant steps to address the notorious levels of misconduct in its sector, as well as tackling bad behaviour across its network. With the Worker Protection Act coming into force on the 26 October 2024, which stipulates new proactive duties on employers to take ‘reasonable steps’ to prevent sexual harassment in the workplace, precautions taken by Lloyds may have been triggered by the new duties from this Act – but have opened the floor to several questions, including how do we measure misconduct in third party situations generally? And what falls in this remit? More →

Employers need to be proactive to address problem of sexual harassment at work

Employers need to be proactive to address problem of sexual harassment at work

In today's evolving workplace landscape, the issue of sexual harassment at work and the work-related environment remains a pressing concernIn today’s evolving workplace landscape, the issue of sexual harassment at work and the work-related environment remains a pressing concern for employers and employees alike. Recent surveys have shed light on the pervasive nature of this problem, revealing that a significant portion of workers continue to experience sexual harassment at work not only from colleagues, but also from third parties such as suppliers, customers and patients. As new legislation approaches, it’s imperative for employers to take reasonable anticipatory steps to prevent sexual harassment at workplace to improve workplace culture, the organisation from expensive and damaging claims and its workforce from such abhorrent conduct. More →

Arts and crafts boost personal wellbeing more than work, study finds

Arts and crafts boost personal wellbeing more than work, study finds

A new study suggests that engaging in arts and crafts activities can significantly enhance personal wellbeing, offering greater benefits than traditional employmenA new study suggests that engaging in arts and crafts activities can significantly enhance personal wellbeing, offering greater benefits than traditional employment. The research, conducted by a team from Anglia Ruskin University and published in the journal Frontiers in Public Health, found that activities like pottery, painting, knitting, and woodworking can increase life satisfaction, happiness, and the sense that life is worthwhile. These findings suggest that arts and crafts, often seen as mere hobbies, could be a powerful tool for improving mental health and wellbeing on a broad scale. More →

Tech workers and young people will need a major skills upgrade if they are to keep up with AI

Tech workers and young people will need a major skills upgrade if they are to keep up with AI

The vast majority (92 percent) of ICT roles are expected to undergo big changes as a result of advancements in AIThe vast majority (92 percent) of ICT roles are expected to undergo big changes as a result of advancements in artificial intelligence and the technology continues to transform the information and communications (ICT) sector according to a new report from tech giants, Cisco, Microsoft and Google. The AI-enabled ICT Workforce Consortium, led by Cisco has published the “Transformational Opportunity of AI on ICT Jobs” report, offering guidance on the areas for of concern for workers to reskill in response to the evolving job landscape. This transformation will impact professionals in 47 ICT roles, including cybersecurity, data science and software development, according to the report. More →

Getting the long term unemployed back into work will transform the economy, says Government adviser

Getting the long term unemployed back into work will transform the economy, says Government adviser

He argues that this approach is essential to address the unsustainable welfare costs associated with the long term unemployed and to mitigate the "toxic" reliance on immigrationThe rising costs of welfare and the country’s increasing dependency on immigration have become significant concerns, prompting a call for reform from a prominent government health adviser. Alan Milburn, a former health secretary, has emphasised the need for individuals with long-term illnesses and others stuck in a cycle of long term unemployment to actively seek employment. He argues that this approach is essential to address the unsustainable welfare costs associated with the long term unemployed and to mitigate the “toxic” reliance on immigration for the workforce. More →

People are cautiously optimistic about the impact of AI and other tech

People are cautiously optimistic about the impact of AI and other tech

both employers and employees are optimistic about the impact new technologies, such as artificial intelligence (AI), augmented reality (AR) and virtual reality (VR) will have on their workplace – even though decision makers feel more optimistic than staffEmployers and staff are optimistic about impact of new technologies, despite uncertainty about safety according to a new British Safety Council survey. The YouGov survey commissioned by British Safety Council among 4018 UK employers and employees claims that both employers and employees are optimistic about the impact new technologies, such as artificial intelligence (AI), augmented reality (AR) and virtual reality (VR) will have on their workplace – even though decision makers feel more optimistic than staff. More →

We need to stop paying lip service to the issue of workplace wellbeing

We need to stop paying lip service to the issue of workplace wellbeing

Many people feel their employers are guilty of ‘wellness washing’, the practice of paying lip service to wellbeingIn the wake of Mental Health Awareness Week last month, now is a brilliant opportunity to take stock of impactful employee wellbeing initiatives. Many people feel their employers are guilty of ‘wellness washing’, the practice of paying lip service to wellbeing. However, the benefits of impactful wellbeing initiatives are clear – 89 percent of employees who have wellness programmes at work report being more engaged and happy within their roles. Taking a subjective approach by catering to employees’ needs can be transformational for employee satisfaction and, in turn, boost retention. More →

People are more loyal to employers in the Asia Pacific region than Europe and the US

People are more loyal to employers in the Asia Pacific region than Europe and the US

Employees’ commitment to their employer varies greatly by region, a new global report has foundEmployees’ commitment to their employer varies greatly by region, a new global report has found. According to nudge’s annual Global Financial Wellbeing Report [registration], which surveyed 11,500+ people around the world, how valued employees feel at work varies significantly from East to West. In Europe, attitudes appear to be more cynical in relation to loyalty in the workplace. Two thirds (66 percent) of employees in the UK believe that companies view workers as ‘interchangeable’ and ‘easily replaceable’, followed closely by France (62 percent), Spain (58 percent) and Italy (54 percent). More →