Search Results for: skills gap

Businesses planning major investments into Generative AI to increase productivity

Businesses planning major investments into Generative AI to increase productivity

by • AI, News

firms are planning major investments into generative AI technologies to drive increases in productivity, but are still being cautious about their impact.A new report from Cognizant and Oxford Economics New Work, New World: Quantifying Global Gen AI Momentum suggests that firms are planning major investments into generative AI technologies to drive increases in productivity, but are still being cautious about their impact. Additionally, 76 percent of businesses say they are looking to leverage the technology to create new revenue streams, while 58 percent are incorporating revenue increases into their business cases. More →

‘The Big Stay’ – it’s time to invest in employees, not to cut costs 

‘The Big Stay’ – it’s time to invest in employees, not to cut costs 

by • Comment, Workplace

The Great Resignation is over. That’s according to the latest Labour Market Outlook report from the CIPD, as reported by Workplace Insight. But we could have told you this was simply a post-Covid correction in any case. Data from the report shows 55 percent  of employers are looking to maintain their current headcount, while analysis of turnover from the ONS Labour Force Survey points to lower staff attrition in 2024. Declining staff turnover is being dubbed The Big Stay. More →

UK businesses risk losing out on top female talent due to ability to support hybrid and flexible working

UK businesses risk losing out on top female talent due to ability to support hybrid and flexible working

by • Flexible working, News

Ahead of International Women’s Day, new data from Ricoh Europe claims that UK and Irish businesses risk losing out on top female talent due to an inability to support workplace flexibility, exacerbated by a lack of technology and fit-for-purpose people policy. The research, conducted by Opinium and analysed by CEBR on behalf of Ricoh Europe, polled 1,000 workers and 250 decision-makers across the UK and Ireland. Insights reveal a significant gender gap in the desire for flexibility and hybrid working arrangements. While both genders see benefits, 10 percent more women, over half (51 percent), agree that hybrid working improves their work-life balance, compared with only 39 percent of men. In addition, 40 percent of women actively seek employers offering hybrid models, a higher percentage than men. More →

AI is giving business leaders the heebie-jeebies, new poll suggests

AI is giving business leaders the heebie-jeebies, new poll suggests

by • News

An overwhelming majority of business leaders (94 percent) admit to some form of 'tech anxiety' when it comes to AI, according to a new surveyAn overwhelming majority of business leaders (94 percent) admit to some form of ‘tech anxiety’ when it comes to AI and other technology, according to a new survey from Kin + Carta. This anxiety is on the rise as the pace of digital and technological change accelerates, and is prompting top executives to invest more in digital transformation, according to the survey. The report defines tech anxiety as the feeling senior leaders have as a result of the rapid pace of advancements in technology that are causing concern when it comes to how their business operates. While the top source of that anxiety is cyber security (cited by 24 percent of respondents), close behind, and rounding out the top three, are concerns over AI and machine learning (19 percent), and anxieties about sustainability strategy and tracking (17 percent). 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 →

Business leader express concerns about ethics and implementation of artificial intelligence

Business leader express concerns about ethics and implementation of artificial intelligence

by • News, Technology

A report claims that the majority of business leaders still grappling with the skills and ethics needed to implement artificial intelligenceA new survey of 1,000 global business leaders claims that although leaders say they understand how valuable artificial intelligence can be to their business, over two-thirds (69 percent) say their organisation lacks the skills to fully implement artificial intelligence (AI) and machine learning (ML). The report – AI IQ: Insights on Artificial Intelligence in the Enterprise [registration] – also suggests that the majority of business leaders believe humans should be involved in AI decision-making, citing ethical and data concerns. More →

Artificial intelligence will boost short term headcount, claim half of employers

Artificial intelligence will boost short term headcount, claim half of employers

by • News, Technology, Workplace

More than half (54 percent) of Britain’s employers expect Artificial Intelligence (AI) technologies will have a positive impact on their staff headcount over the next two yearsMore than half (54 percent) of Britain’s employers expect Artificial Intelligence (AI) technologies will have a positive impact on their staff headcount over the next two years, according to a survey by Experis, a part of ManpowerGroup.  The survey of 2,000+ British employers also suggests that more than two thirds (69 percent) of businesses expect AI tools and technologies – including ChatGPT, Machine Learning and Virtual Reality – to have a positive impact on upskilling and reskilling, as well as on employee training (68 percent). 67 percent of British organisations anticipate a positive impact on employee engagement because of AI technology, and 60 percent think it can positively impact the onboarding process too. More →

Around a quarter of jobs will shift over the next five years, WEF report claims

Around a quarter of jobs will shift over the next five years, WEF report claims

by • News, Workplace

Almost a quarter of jobs are expected to switch in the next five years according to a new report from the World Economic ForumAlmost a quarter of jobs are expected to switch in the next five years according to a new report from the World Economic Forum. Its Future of Jobs Report for 2023 suggests that employers anticipate 69 million new jobs to be created and 83 million eliminated among the 673 million jobs corresponding to the dataset, a net decrease of 14 million jobs, or 2 percent of current employment. The data is an extrapolation of data from 803 employers employing around 11 million people. More →

Getting working culture right is essential to hiring, supporting and retaining workers

Getting working culture right is essential to hiring, supporting and retaining workers

by • Comment, Flexible working, Wellbeing, Workplace design

working cultureAs workers continue to adjust workstyles to fit with their new priorities, a PwC survey reveals nearly two-thirds of workers are on the hunt for a new job. Many employers are scrambling for strategies to attract top talent and retain their employees. But actively developing working culture and designing new ways to secure the best talent and look after it requires first listening and reacting to the impact the changing work landscape is having on employees’ mental and physical health, as well as understanding and prioritising new and sought-after benefits. More →

Lack of training in communication is setting up line managers to fail

Lack of training in communication is setting up line managers to fail

by • News

A new report from the Chartered Institute of Public Relations’ (CIPR) Inside Group claims that while the successful running of any organisation relies on effective line manager communication, and this is a high HR priority, designated line managers are ultimately being “set up to fail” through a lack of specific communications training. The report – ‘Effective line manager communications’ – surveyed line managers, HR professionals, and internal communicators, and it showed a clear mismatch between the expectations of line managers and the support provided. More →

How Microsoft’s social listening research highlighted changing attitudes to work

How Microsoft’s social listening research highlighted changing attitudes to work

by • Comment, Technology, Wellbeing

The current state of the talent market is putting significant pressure on business. Employers are experiencing an acute skills gap, with average vacancies across industries per 100 jobs ranging between 5 and 8, according to data compiled by the Office for National Statistics in June 2022 – the highest average since records began. As more and more roles require digital skills, businesses are looking to younger generations whose upbringing may have been organically framed by digital tools, platforms and devices. More →

London Tech Week kicks off with new Government announcements on future of tech

London Tech Week kicks off with new Government announcements on future of tech

by • News, Technology

london tech weekThe Government’s review into the future of computing and its new UK Digital Strategy were unveiled at the start of London Tech Week as the world’s technology leaders, founders and next generation of tech superstars gather in the capital to collaborate on the future of the industry. Opening day speakers included Darktrace CEO Poppy Gustafsson, Darren Hardman, VP & General Manager, AWS, Theo Blackwell MBE in conversation with New York City’s CTO Matt Fraser, Klarna CEO Sebastian Siemi?tkowski and The Body Coach CEO & Creative Director Nikki Wicks. More →

«< 6 7 8 9 10 >»