Search Results for: economy

November 18, 2016

HR directors struggle to devise long term digital workplace strategies ⁰

by Sara Bean • News, Technology, Workplace

One of the effects of the UK’s falling unemployment levels is that HR Directors risk becoming so consumed with issues of talent retention and hiring that they are unable to plan effectively and build a long term strategy for their business, especially when it comes to key emerging issues such as the digital workplace. While the latest ONS statistics show that UK unemployment fell by 37,000 to 1.6 million in the three months to September, hitting an 11-year low, in an anonymous survey carried out by The Curve Group, 92 percent of HR Directors say re-designing their organisation in response to the emergence of the digital workplace, new entrants and a flat economy should be their main priority, but only 44 percent feel able to do so.

November 16, 2016

Two thirds of female professionals’ jobs downgraded after career break ⁰

by Sara Bean • Flexible working, News, Workplace

A lack of flexible roles means that two thirds of professional women who return to work after a career break, work fewer hours than they prefer or go into lower-skilled or lower-paid roles, claims new research by PwC, in conjunction with Women Returners and 30% Club. 427,000 UK female professionals are currently estimated to be on a career break and likely to return to the workforce in the future. Of those, three in five (249,000) are likely to enter lower-skilled roles when they return to work. This has serious implications for earnings as this downgrading is associated with an immediate 12-32 percent reduction in hourly earnings, depending on whether the woman remains with the same employer. A further 29,000 women returning to part-time work would prefer to work longer hours but are unable to due to a lack of flexible roles. Altogether, two-thirds of (or around 278,000) women could be working below their potential when they return to the workforce.

November 15, 2016

‘Western’ millennials rate sense of purpose most important job criterion ⁰

by Sara Bean • News, Technology, Workplace

A sense of purpose remains the top priority among ‘Western’ millennials from the United States, United Kingdom, Germany and France; but in the largest emerging economies, including China and India, salary and career advancement remain the most important job criteria, according to the Global Shapers Annual Survey for 2016. While the US, UK and Canada lead the list among young people who would like to live abroad to advance their careers, the United Arab Emirates and China are the most preferred emerging-market countries, the survey from the World Economic Forum survey claims. They came in at 11th and 12th place, respectively, ahead of the Scandinavian countries, all other BRICS (Brazil, Russia, India, China and South Africa) countries and Singapore. One reason for the strong performance of the UAE may be the good prospects for landing a job in the country. While 34 percent of millennials globally identified the lack of economic opportunity and employment as one of the three most serious issues affecting their country – making it the biggest issue of concern after corruption –only one in 10 of the UAE respondents said they see unemployment as a serious issue.

November 14, 2016

Business association calls for action on high cost of childcare ⁰

by Mark Eltringham • Flexible working, News

The British Chambers of Commerce and Middlesex University, have published a new survey to gauge the opinion of business leaders on the cost and availability of childcare and its impact on the workforce. The survey of businesses claims that a third of firms (33 percent) regard the availability of childcare as a key issue in recruiting and retaining staff. The survey of more than 1,600 business leaders across the UK also claims that over a quarter (28 percent) of firms have seen a reduction of working hours by staff due to the cost of childcare, while nearly 1 in 10 (9 percent) have seen employees leave their business. Although the survey suggests that nearly 40 percent of businesses already view government plans to double the availability of free childcare next year as likely to have a positive impact on their business, the BCC is calling on government to go further. It says the administration should consider the costs and benefits of a universal entitlement up until school entry, which would help more firms retain and promote productive staff, and help working parents progress.

November 14, 2016

Vast majority of UK employers are against a ‘hard Brexit’ finds CIPD ⁰

by Sara Bean • Knowledge, Legal news, News, Workplace

The implications of Brexit are raising concerns over a reduction in employers’ intentions to invest in their staff and its effects on access to migrant labour. As a result, according to the latest quarterly CIPD/Adecco Group Labour Market Outlook, while employment growth looks set to continue in the UK, there are signs that this is beginning to slow and that real wages are likely to fall during 2017 for many employees. The data shows that the net employment balance, while remaining in positive territory at +22, based on the difference between the share of employers expanding their workforce and the share of employers reducing their workforce, has shown a slight negative decline from the previous quarter’s figure of +27. Although 42 percent of employers believe that future restrictions on EU labour could damage their UK operations, just 15 percent have started to prepare for this eventuality; which is probably why the vast majority are against a ‘hard Brexit’.

November 8, 2016

UK cities now outperforming pre-crisis peak on key socio-economic indicators ⁰

by Neil Franklin • Cities, News

The majority of UK cities and Local Enterprise Partnership (LEP) areas are now outperforming their pre-financial crisis peak, according to the latest 2016 Good Growth for Cities index, produced by PwC and the think-tank, Demos. However, a number of cities that have previously scored highly terms of jobs, incomes and business start-ups are beginning to experience growing pressures on housing affordability, transportation and work-life balance. The report also warns that the elements of the Good Growth index could be impacted by Brexit, with housing, jobs and income potentially seeing the largest effects. However, it also points to post-Brexit opportunities including revised trade relations and regulations and the potential of new markets beyond the EU. Published today, the fifth annual Good Growth for Cities index measures the performance of 42 of the UK’s largest cities, England’s Local Enterprise Partnerships LEPs and the new Combined Authorities against a basket of categories defined by the public and business as key to local socio-economic success.

October 31, 2016

Office space sees dip in demand post-Brexit says RICS ⁰

by Sara Bean • Facilities management, News, Property

Demand for office space following the Brexit outcome remains flat according to RICS latest UK Commercial Market Survey 2016; and while the overall UK Commercial property market is showing some signs of a return to a more positive mood post-EU referendum, this has been driven mainly by the industrial sector. London and Scotland are lagging behind the rest of the UK, with Scotland seeing the sharpest drop in headline demand with 24 percent more chartered surveyors seeing a fall during Q3. In the capital, demand fell for the second consecutive quarter with offices seeing the most significant dip (22 percent more respondents reported seeing a fall in demand for London office space). Anecdotal evidence suggests that political uncertainty is still having an effect on both these markets. And the survey also found that respondents from German cities have seen enquiries from UK-based firms and expect there to be an increase in relocation away from Britain over the next two years.

October 28, 2016

Round up: seven things you should read this week ⁰

by Mark Eltringham • Features, Flexible working, Technology

Marina Gorbis on our obsession with the non-existent skills gap

Flip Chart Rick on low pay for freelancers and why it matters to everybody

Martin Ford on the risks faced by people who sit in front of a computer – and they’re not physical

McKinsey’s extensive report on the gig economy

Janine Dixon on the disconnect between economic success and wage growth

Huw Price on preparing for the era of machines

Scott Wyatt on how science is transforming cities

October 27, 2016

One in six public sector jobs to be lost to automation, claims report ⁰

by Neil Franklin • News, Public Sector, Technology

Up to 861,000 public sector jobs in the UK – around 16 percent of the overall workforce – could be automated by 2030 according to research by Deloitte. The research builds on Deloitte’s work with Oxford University on job automation and is included in the firm’s The State of the State report for 2016-17 – its annual analysis of the state of public finances and the challenges facing public services. Deloitte’s previous work has shown that all sectors of the UK economy will be affected by automation in the next two decades, with 74 percent of jobs in transportation and storage, 59 percent of jobs in wholesale and retail and 56 percent of jobs in manufacturing having a high chance of being automated. The public sector includes higher numbers of roles in areas such as education and caring, as well as jobs requiring public interaction, all of which are at lower risk of automation. However, Deloitte calculates that automation could still lead to a reduction of up to £17 billion in public sector wage costs by 2030.

October 26, 2016

Larger employers much more optimistic about post-Brexit outlook than SMEs ⁰

by Sara Bean • Legal news, News, Workplace

A gap is emerging between UK businesses regarding the impact of Brexit, with large businesses significantly more optimistic about the future than their small business counterparts, joint research by NGA Human Resources (NGA HR) and its SMB division, Moorepay suggests. Six in ten (59 percent) respondents working for large businesses expect Brexit to have a positive impact on their business, but only 35 percent of SMBs share this view. In fact, a quarter of (25 percent) SMB employees in the UK actually believe their situation will worsen after the UK has left the European Union. Looking ahead, the majority (79 percent) of larger UK businesses are ready to address the challenges and exploit the opportunities resulting from Brexit, whereas just over half of small businesses (56 percent) feel the same. Asked about their wish list for a post-Brexit economy, all UK businesses agree that access to the single market is the biggest advantage of the EU membership and one that both large businesses (64 percent) and SMBs (54 percent) would like to retain. Additionally, opening up trade to new countries and markets is seen as the main advantage of Brexit for both large (70 percent) and smaller businesses (54 percent), followed by freedom from EU laws and regulations (both 48 percent).

October 22, 2016

Uberification of work + Future of coworking + Quest for productivity ⁰

by Sara Bean • Facilities management, Flexible working, Newsletter, Property, Technology, Wellbeing, Workplace

In this week’s Newsletter; Anthony Brown argues Uber’s success lends a name for a process that is reshaping the commercial property sector; Mike James wonders where the gig economy and zero hours contracts are taking us; and Mark Eltringham discusses the interaction of people and technology. Two new reports highlight the growth of the freelance workforce in the UK and US; researchers analyse the impact of coworking from a corporate real estate (CRE) perspective; Barclays presents its vision of the workforce of the future; and Herman Miller unveils a new Aeron chair. The latest stage of the UK’s BIM Task Group programme is officially launched; responses to a government enquiry reveal the barriers the built environment still presents to disabled people; and a combination of financial, mental and physical health problems affect many workers. Download our new Briefing, produced in partnership with Boss Design on the link between culture and workplace strategy and design; visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

October 18, 2016

The global uberification of commercial property and the workplace ⁰

by Anthony Brown • Facilities management, Features, Property, Technology, Workplace design

Technology doesn’t just transform the world, it reshapes our language. So, we all need to get used to the word uberification as well as the idea of it. Based on the success of the on demand taxi service Uber, the word refers to the way a product or service becomes available to customers on demand via the Internet. Customers book a service only at the point of consumption. This represents an entirely new commercial model and is the defining characteristic of the new 21st Century economy. Uber may have provided the tipping point, going from start up to market valuation of $66 billion in just 7 years, but its success has given us a name for a process that is reshaping businesses and customer experiences across the entire economy, including in the commercial property sector.