Search Results for: development

January 19, 2018

You might be surprised at which nations work the longest and shortest hours

The stereotype of certain nationalities as feckless while others are industrious is upended by new data from the Organization for Economic Cooperation and Development (OECD), which shows that Mexicans work significantly longer hours than anyone else in the world, the Greeks are the Europeans who spend most time at work while the Germans clock up the fewest hours of any of the 35 nations in the survey. In 2016, the average Mexican spent 2,255 hours at work, the equivalent of around 43 hours per week. Greeks worked the longest hours in Europe, at an average 2,035 hours per year with German workers putting in just 1,363 hours per year. The average UK worker, both employed and self-employed, put in an average of 1,676 hours.

January 19, 2018

Bad managers who fail to support employees are driving talented staff away

by Sara Bean • News, Wellbeing, Workplace

Bad managers who fail to support employees are driving talented staff away

A new survey suggests that bullying, aggressive behaviours and micro-management is endemic within the British workplace. The research by YouGov on behalf of MHR found that 80 percent of employees having experienced what they consider poor management, or a poor manager, at least once during their career; 73 percent of employees who have experienced poor management or a poor manager have considered leaving a job and, among these, a staggering 55 percent actually left their job because of bad management. When asked whether managers are equipped to deal with the human or emotional side of management, 58 percent of respondents said that they are not. Bad managers were described as often inexperienced, out of their depth, lacking the necessary people skills, expressing favouritism, failing to offer recognition and feedback and failing to communicate effectively. But the most shocking comments were around the subject of mental health, with several respondents citing a complete disregard or lack of awareness of issues surrounding mental health in the workplace. As well as failing to support employees suffering from anxiety or depression, several respondents claimed that their manager was directly responsible for causing the decline in their mental health.

January 17, 2018

Managers’ increasingly long hours behind rise in stress and mental ill health

by Sara Bean • Flexible working, News, Wellbeing, Workplace

Managers are working an extra 44 days a year over and above their contracted hours, up from 40 days in 2015. These long hours are taking their toll, causing a surge in sick leave amongst managers suffering from stress and mental ill health, claims the Chartered Management Institute (CMI), which is calling on UK employers to provide greater support. Long hours and constant communication are having a detrimental effect on the wellbeing of managers it argues resulting in one in ten managers taking time off for mental health in the last year, and for those who do take time out, it’s for an average of 12 days. Of the 1,037 managers surveyed for the report, the average boss puts in an extra day each week. This is an extra 7.5 hours beyond their contracted weekly hours (44.4 hours actual compared to 37.3 contracted), adding up to an extra 43.8 days over the course of the year. This is up from 39.6 days in 2015. The rising gap between contracted and actual hours of work is in addition to an ‘always on’ digital culture, with 59 percent of managers saying they ‘frequently’ check their emails outside of work – up from 54 percent in 2015.

January 11, 2018

Culture shift needed to drive a better gender balance in property and construction

by Niki Fuchs • Comment, Property

Despite compelling evidence of the bottom line benefits of gender diversity, too many sectors remain stubbornly male dominated. This is certainly the case with the property and construction industry where women still represent only 15 percent of the workforce. The growth of prop-tech, entrepreneurialism amongst women and a growing emphasis on service, demonstrated by the growth of the flexible office and serviced apartment sectors, which tend to have more balanced gender ratios, is helping to address this balance. However, many women in the industry still do not occupy managerial roles, and so the gender pay gap stubbornly remains. For these imbalances to be addressed a cross-industry, cultural shift needs to occur, and individual companies must work to drive change from the top down.

January 10, 2018

UK productivity growing at quickest rate for six years

by Mark Eltringham • News

Productivity in Britain is rising at its fastest rate in six years. Output per hour worked rose by 0.9 per cent between July and September of 2017, according to the latest quarterly report from the Office for National Statistics (ONS). This was the biggest increase since 2011, when productivity grew by 1 per cent. The UK has a persistent problem with its productivity. Excluding the UK, G7 GDP per hour worked is 18 per cent higher than in Britain, with productivity in the United States 30 per cent higher, France 31 per cent and Germany 36 per cent. High productivity is considered the key to economic prosperity because it allows companies to produce more goods or services with fewer workers or hours worked. This in turn lets companies pay higher wages without having to raise prices. Many theories have been developed to explain the UK’s chronic low productivity, which are summarised by the Financial Times here (subscription or registration needed).

January 9, 2018

SMEs employers’ recruitment strategies have altered as a result of Brexit

by Sara Bean • News, Workplace

Half of SMEs (50 percent) questioned in a new survey have changed the way that they recruit their staff as a result of Brexit. The Albion Growth Report 2017 of more than 1,000 SMEs suggests that for businesses which have changed their strategy as a result of Brexit, 15 percent have decreased recruitment resources, 10 percent have begun recruiting in different ways and 9 percent have made redundancies. A difficulty in finding skilled staff is one of the biggest barriers to growth, behind broader political uncertainty and cash flow, which the research claims could lead to a potential war for talent which is likely to become more intense in the post-Brexit environment. By contrast, SMEs view difficulty in finding unskilled staff as the least significant barrier to growth. The report finds that nearly two thirds (65 percent) of SMEs believe their business lacks expertise. More than a quarter (26 percent) of businesses lack marketing talent, followed by business planning (19 percent), IT (17 percent), and software developers and technology specialists (17 percent). Despite critical skills deficits, only a third of SMEs (33 percent) are currently hiring new employees.

January 8, 2018

Chinese government to create a $2.1 billion industrial park dedicated to artificial intelligence research

by Mark Eltringham • AI, News, Technology

The Chinese government is preparing to build a technology park in Beijing dedicated to research into artificial intelligence, according to the Chinese news agency Xinhua and Reuters. The scale of the development can be gauged by the level of investment – some $2.12 billion (13.8 billion yuan) to build the park, located in west Beijing. The park is also forecast to generate revenues of $7.7 billion (50 billion yuan) a year from the 400 enterprises that are expected to be housed there. Zhongguancun Development Group, the developer of the project, will look to partner with foreign universities and build a “national-level” AI lab in the area, according to the reports.

January 8, 2018

Employee engagement tops poll as biggest human resources challenge for 2018

by Neil Franklin • News, Workplace

A study commissioned by Cascade HR claims to reveal the topics most likely to keep Human Resources professionals awake at night in 2018. Employee engagement topped the list of upcoming challenges for 44 percent of the 447 participants, followed by staff retention (36 percent). Absence management and recruitment came in as the joint third biggest worry for 33 percent of respondents, with succession planning in fifth place (26 percent). And it appears the same themes have posed the biggest headache for HR in 2017. When asked to reflect on their toughest encounters from the past 12 months, professionals ranked recruitment as the clear front-runner (52 percent), followed by absence management, (43 percent), employee engagement (39 percent), and retention (37 percent), with learning and development the only difference(20 percent).

January 5, 2018

Automation will impact low paid jobs first because of the living wage, report claims

by Mark Eltringham • AI, News, Technology

The development of the living wage coupled with the growing automation of tasks could create a perfect storm that prices a growing number of people out of the jobs markets, a report from the Institute of Fiscal Studies claims. The authors suggest that one of the unintended consequences of the increase of the rate to £8.50 by 2020 could be that people in low paid work could find themselves in competition for jobs with robots and artificial intelligence. The report concludes that there will be a tipping point at which human labour becomes economically unviable, although it does not predict when that will occur.

January 5, 2018

The global BIM market projected to reach $18.8 billion by 2024, report claims

by Mark Eltringham • Architecture, Facilities management, News, Technology

The global BIM market was valued at $3.6 billion in 2016, and is projected to reach $18.8 billion by 2024, growing at a compound annual growth rate (CAGR) of 22.9 percent from 2016 to 2024. This is according to the report Global Building Information Modelling Market. In 2016, the BIM software segment generated the highest revenue share of $2.7 bn, growing at a CAGR of 23.4 percent. Among major regions, North America is currently leading the BIM market with the revenue of $1.07 bn, however, Europe and Asia Pacific are expected to surpass the North American market by 2021. According to the report, the emerging countries of Asia Pacific and Europe will experience a steep growth in the market because of infrastructure developments. The rise in population and the requirement for new buildings and structures will lead to a hike in the growth of the market in countries such as India and China.

January 4, 2018

Hard working females under 35 most likely to join January job exodus

by Sara Bean • Flexible working, News, Workplace

It probably doesn’t come as much of a surprise to learn that in the annual January ‘job exodus’, junior employees under the age of 35 years are most likely to leave their current roles, according to new research. However the Qualtrics Employee Pulse – a quarterly survey of more than 4,000 workers – shows that employees that pose the greatest flight risk are most likely to be female, think about work outside of contracted hours, and regularly checking emails on weekends. Of most use to employers, utilising its Experience Management Platform, Qualtrics has identified the top three drivers that will help encourage employees to stay in their jobs in the long-term. These are supporting a work-life balance, allowing employees to try out new tasks and skills in their existing role and ensuring managers are proactive in helping to solve problems or concerns in the workplace.

January 3, 2018

UK commercial property volumes to exceed £50 billion for sixth consecutive year

by Mark Eltringham • News, Property

Despite 2017 being a year of political surprises and, seemingly, never ending Brexit negotiations, both the UK economy and commercial property market have shown demonstrable resilience with transaction volumes reaching £55 billion. With recent announcements suggesting more certainty about the post Brexit relationship between the UK and the EU, renewed business confidence will increase demand for quality commercial real estate. Global real estate advisor, Colliers International, predicts that 2018 volumes will exceed £50 billion for the sixth consecutive year.