Search Results for: economic

If you want to increase productivity, let an algorithm decide the incentives

If you want to increase productivity, let an algorithm decide the incentives

by • News, Workplace

Targeting workers with different incentive schemes based on their individual characteristics leads to greater performance and increased productivity and is much more effective than a one size fits all approachTargeting workers with different incentive schemes based on their individual characteristics leads to greater performance and increased productivity and is much more effective than a one size fits all approach, according to new research from Frankfurt School of Finance & Management and published in the Management Science Journal. To study the impact of targeted incentive schemes on performance, Timo Vogelsang, Professor of Accounting at Frankfurt School of Finance & Management, alongside colleagues from University of Cologne, ran two large-scale experiments with more than 12,000 participants on Amazon MTurk. More →

Major built environment institutes renew joint pledge to tackle global instability as cities boom 

Major built environment institutes renew joint pledge to tackle global instability as cities boom 

by • Cities, Company news, Environment

major built environment professional institutes, including architects, planners, structural engineers and landscape practitioners, have renewed their joint pledge to collaborate to tackle urgent global challengesWith almost 70 percent of the world’s population predicted to live in cities by 2050, major built environment professional institutes, including architects, planners, structural engineers and landscape practitioners, have renewed their joint pledge to collaborate to tackle urgent global challenges. Members of the UK Built Environment Advisory Group (UKBEAG), a group first launched in 2016 comprising the Royal Institute of British Architects (RIBA), the Royal Town Planning Institute (RTPI), the Institution of Structural Engineers (IStructE) and the Landscape Institute (LI), have committed to work together for at least another 5 years.  More →

New plans for public sector productivity ‘will deliver up to £1.8 billion worth of benefits by 2029’

New plans for public sector productivity ‘will deliver up to £1.8 billion worth of benefits by 2029’

by • News, Public Sector

The UK’s Chancellor of the Exchequer Jeremy Hunt has outlined plans to improve public sector productivity that the government claims will deliver up to £1.8 billion worth of benefits by 2029.The UK’s Chancellor of the Exchequer Jeremy Hunt has outlined plans to improve public sector productivity that the government claims will deliver up to £1.8 billion worth of benefits by 2029. The statement focuses on public sector productivity because the government says it is “an alternative to accepting an ever-increasing bill for public services as [it] sticks to its plan to move on from the high spending and high tax approach that was necessary to get the UK through the shocks of Covid and Russia’s invasion of Ukraine. A new focus is needed on the long-term decisions required to strengthen the economy and give people the opportunity to build a wealthier, more secure life for themselves and their family.” More →

People overestimate their ability to handle unknown situations

People overestimate their ability to handle unknown situations

by • Business, News

New research suggests that people tend to be overconfident in their ability to handle unknown situations, which has implications for business and entrepreneurship. A team of international researchers has shared findings on what they describe as overconfident behaviour, which can lead to negative outcomes in business and personal decision-making. Professor Mohammed Abdellaoui, lead researcher and professor at HEC Paris, and colleagues including Han Bleichrodt from the University of Alicante, Spain, and Cédric Gutierrez from Bocconi University in Italy, revealed that our own attitudes to uncertainty play a role in how we assess our own abilities. More →

Employee wellbeing advocate shortlisted for Veuve Clicquot Bold Awards

Employee wellbeing advocate shortlisted for Veuve Clicquot Bold Awards

by • Company news, Wellbeing

Francesca Brady, founder of AirRated who advocates for employee wellbeing and cleaner air in the workplace has been named as a finalist in Veuve Clicquot’s Future AwardsFrancesca Brady, founder of AirRated who advocates for employee wellbeing and cleaner air in the workplace has been named as a finalist in Veuve Clicquot’s Future Awards, the international awards programme celebrating businesswomen. Previous winners include Professor Dame Sarah Gilbert, the inventor of the Oxford AstraZeneca COVID vaccine and Jo Whitfield, CEO of Co-Op Food. Francesca’s work highlights the dangers of a polluted workplace, as research shows the link between pollution, cognitive decline, dementia and poor employee wellbeing and mental health. More →

Young people should be the main focus of mental health efforts (and your chance to use free flexible workspace for a day)

Young people should be the main focus of mental health efforts (and your chance to use free flexible workspace for a day)

by • News, Wellbeing

Young people are now more likely to experience a common mental disorder (CMD) than any other age group – a complete reversal compared to two decades ago when they were least likely to. And the economic consequences are greatest for those whose poor mental health comes alongside poor educational outcomes, with one-in-three young non-graduates with a CMD currently workless, according to new Resolution Foundation research. More →

Memories of the Office Age 

Memories of the Office Age 

by • Cities, Features, Working lives

memories of the office ageNo author uses the built environment like J G Ballard. In his 1975 novel High-Rise, the eponymous structure is both a way of isolating the group of people who live and compete inside it and a metaphor for their personal isolation and inner struggles. Over the course of three months, the building’s services begin to fail. The 2,000 people within, detached from external realities in the 40-storey building, confronted with their true selves and those of their neighbours, descend into selfishness and – ultimately – savagery.  More →

Cities worldwide are grappling with the delicate balance between nighttime charm and sustainability

Cities worldwide are grappling with the delicate balance between nighttime charm and sustainability

by • Cities, Environment, Features, Lighting

Cities worldwide, from London to Sydney, are grappling with the delicate balance between nighttime charm and prioritising sustainability. As well as the delights of daytime, cities around the world have long been defined by how their iconic landmarks come to life at night. Think of London’s illuminated riverside or Amsterdam’s canals lit up after dark. These vistas almost come to be synonymous with these places’ very identities. Aston Woodward, co-founder of asset management firm Oxygen also brings one of Australia’s best-known destinations into the mix. “Well-lit buildings at night in any city are attractive. Sydney is a good example and at night is dramatic. Many tourists as well as residents sit and admire a variety of size and colour and interactions generated from the buildings’ lighting.” More →

Employee turnover will skyrocket if firms monitor office attendance, says former EY leader 

Employee turnover will skyrocket if firms monitor office attendance, says former EY leader 

by • Flexible working, News

The so-called Big Four consultancy firms risk increasing their employee turnover and drastically lowering their retention if they continue monitoring office attendanceThe so-called Big Four consultancy firms risk increasing their employee turnover and drastically lowering their retention if they continue monitoring office attendance, says former EY leader and CEO of AM Bank, Dr. Nahla Khaddage Bou-Diab. The intervention follows news that professional services giant Ernst & Young is monitoring UK staff office attendance. More →

State-of-the-art European weather centre headquarters in Reading given go-ahead

State-of-the-art European weather centre headquarters in Reading given go-ahead

by • Company news, Property

The UK Government has been granted planning permission to develop a new cutting-edge headquarters for the European Centre for Medium-Range Weather Forecasts (ECMWF) at the University of Reading. Construction of ECMWF’s modern, accessible, and highly sustainable headquarters is scheduled to start towards the end of this year and completion is expected in Autumn 2026, after Wokingham Borough Council approved the development at its February 2024 Planning Committee. More →

The three biggest disruptors of our time

The three biggest disruptors of our time

by • Business, Comment, Environment, JB, Technology

When we look at the context for change, we many times just look internally at what we think needs to change for whatever reason and then set about making that happen. Rarely do we think about what is going on for the people within the organisation and just how ready they and the organisation itself are for the actual change and the disruptors that underly it. Are there the right people, systems, processes, etc in place to support the change or are there a number of elements that will hinder it?  Not to mention the fact there will be a number of external elements that could and will also either help or hinder the change one way or another. More →

Lab rats – how the UK life sciences sector is struggling to find space to work

Lab rats – how the UK life sciences sector is struggling to find space to work

by • Features, Premium Content, Property

The UK wants to build on its already successful position as a globally important player in the life sciences and pharma sectors. Yet it is struggling to create enough space for growth in the right places and having to rethink wher research and innovation takes place In November 2023, plans to turn part of a golf course next to a motorway into a £340 million science park were refused by South Oxfordshire District Council. Although now classified as greenbelt, the location was the site of a landfill as recently as the 1990s and is just a stone’s throw from both the A40 trunk road and M40 motorway. The developers are expected to appeal. Whatever the details of this story, it is an example of how challenging it can be to meet demand for lab and life sciences space in the so-called Golden Triangle of London, Oxford and Cambridge in the South of England. This lack of supply is acting as a brake on the UK Government’s dream of making the country a “science superpower”. More →

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