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Employees are ready for work in the metaverse but sceptical about ability of firms to deliver

Employees are ready for work in the metaverse but sceptical about ability of firms to deliver

working in the metaverseJust as businesses are starting to find their groove with hybrid working, the workplace has begun to evolve again with the emergence of the metaverse. New research from Lenovo claims that close to half of employees (44 percent) are willing to work in the metaverse and believe that it can deliver benefits like productivity to the workplace. The metaverse is primarily defined as a shared digital space with digital representations of people, places, and objects. In the future, the metaverse can be a highly immersive extension of the physical world, with its rich user interface. At the enterprise level, this opens up possibilities for businesses to create a more viable, interactive workplace. (more…)

Firms need to do more to engage, attract and retain staff

Firms need to do more to engage, attract and retain staff

Over 40 percent of employers are finding it more difficult to retain and recruit staff, according to Aon’s Benefits and Trends Survey 2022 (registration). The report claims that many employers have adjusted their benefits strategies to address an intense labour market, in which employee work motivations have shifted in the wake of the COVID-19 pandemic. Forty-one percent of employers said they have found it more difficult to retain staff in the last year, while 44 percent have found it more difficult to recruit new staff. Many employers anecdotally expressed in the survey that they need to pay higher salaries or sign-on bonuses to entice new recruits. (more…)

Four day week trial launched in UK

Four day week trial launched in UK

four day weekA six-month trial of the recently much talked about four day week has been launched across the United Kingdom. Around thirty companies are expected to take part, who have also committed to retaining current pay and conditions for the employees involved. The pilot has been launched by the think tank Autonomy, 4 Day Week Global, the 4 Day Week UK Campaign and researchers at Cambridge University, Oxford University and Boston College. (more…)

How to provide a great place to work for remote workers

How to provide a great place to work for remote workers

A great place to work for remote workersRemote working swiftly evolved from a stopgap lockdown solution into a globally successful workstyle – and it’s set to stay. According to research quoted by CityAM, “84 per cent of UK businesses plan on having a hybrid, flexible or remote workforce following the pandemic”. Some companies, like Deloitte, have placed all bets on remote in closing their offices and basing employees from home, enjoying a vast reduction in operational costs. This flexibility has offered immediate benefits for remote workers, ranging from lifestyle and financial to positive influences on wellbeing. Workers in particular social groups have experienced life-changing situations, securing work in previously inaccessible geographic locations. (more…)

Is your office worth the journey it takes to get to it?

Is your office worth the journey it takes to get to it?

Bishopsgate officeA couple of years ago, in the wake of a surge in self-care start-ups and viral diet fads, Forbes declared 2019 as the year of the “wellness revolution”. Three years and a global pandemic later, the revolution appears to have swept our offices. Why? Quite simply, we have woken up to the fact that we could be productive remotely, while also realising the risks of not accommodating employee wellbeing in the office. (more…)

Social media posts are harming many people’s job prospects

Social media posts are harming many people’s job prospects

social media and careersWith the ‘Great Resignation’ driving people to look for new employment opportunities in the New Year, social media activity could be harming career prospects, with a third of British workers (32 percent) reporting this to be the case, according to new data from Kaspersky. This number rises to almost half (47 percent) of those at graduate or entry level. In addition, 40 percent worry that their historic online presence could have an adverse effect on their future employment. (more…)

Stress of pandemic has brought people closer, claims Microsoft

Stress of pandemic has brought people closer, claims Microsoft

Stress and the workplaceMicrosoft’s new Work Trend Index Special Report, entitled “Technology Can Help Unlock a New Future for Frontline Workers”, suggests that 78 percent of frontline workers in the UK claim to feel “very bonded” to co-workers because of shared stress brought on by the pandemic and the shift to new ways of working. (more…)

Are we witnessing the demise of the knowledge worker?

Are we witnessing the demise of the knowledge worker?

Death of the knowledge worker?While the debate about working from home versus working in the office continues, should the real conversation focus on the implications for a typical knowledge worker? ‘Knowledge work’ is a term that dates back over sixty years. It’s said to be first coined by Peter Drucker in his 1958 book The Landmarks of Tomorrow. The business guru went on to talk about knowledge workers in a later book, The Effective Executive, in 1966. He defined them as ‘high-level workers who apply theoretical and analytical knowledge acquired through formal training, to develop products and services’. (more…)

Great Resignation offers firms a chance to create the Great Retention

Great Resignation offers firms a chance to create the Great Retention

Great Resignation and the Great RetentionThe last 18 months have seen unprecedented change. Covid-19 has forced people to re-evaluate every aspect of their lives, including their career. As a result, we’ve seen a surge in workers taking charge of their careers and leaving their jobs as part of the so-called Great Resignation. Recent data from the ONS shows that there were nearly 1.2 million job vacancies in the UK this quarter, with 15 of 18 sectors reporting record numbers. (more…)

Mitsui Fudosan UK and EDGE partner to acquire prime Shoreditch development site

Mitsui Fudosan UK and EDGE partner to acquire prime Shoreditch development site

The approximately 1-acre island site, which sits in close proximity to the new Liverpool Street Elizabeth Line station, is the first acquisition for the newly set up joint venture between Mitsui Fudosan U.K. Ltd. (“Mitsui Fudosan UK”), the European operation of Japanese real estate developer Mitsui Fudosan, and European sustainable real estate pioneers, EDGE. (more…)

‘Great Resignation’ offers a one off opportunity to rethink our relationship with work

‘Great Resignation’ offers a one off opportunity to rethink our relationship with work

great resignationAfter nearly two turbulent years, which for many knowledge workers have been dominated by a ground-hog day like existence, people are looking for change. This is only natural as workers around the world are re-evaluating their priorities, reigniting their passions, or simply looking for something new. This has led to a mini-exodus from businesses, which is now being dubbed the ‘Great Resignation’. (more…)

Hybrid working will demand leaders develop new communication skills

Hybrid working will demand leaders develop new communication skills

hybrid workingKeeping on top of communication barriers in the business world can feel like an endless game of Whac-A-Mole, especially now in the new era of hybrid working. The usual culprits are well-known by now: patchy WiFi connections, crashing computer programmes, cloud syncing issues, important emails sneaking into spam folders – the list goes on. All can impede our ability to get the job done. (more…)