Search Results for: Gen Z

January 16, 2017

UK CEOs bullish on business growth but concerned about skills and global economy ⁰

UK CEOs are more upbeat about the growth prospects for their own companies than 12 months ago, according to PwC’s 20th annual CEO Survey published today at the World Economic Forum in Davos. Almost nine out of 10 (89 percent) respondents say they are confident of their company’s growth in the year ahead, up from 85 percent in 2016, and above the 85 percent global figure and 77 percent in Germany. Forty one percent of UK CEOs describe themselves as being ‘very confident’. More generally, UK bosses are in hiring mode. Sixty three percent expect to grow their workforce over the coming 12 months, compared to 52 percent of their global counterparts. Just 10 percent expect headcount to decrease, down from 20 percent in 2016. Access to key skills is considered to be the single biggest business threat facing their organisations. More than four in five (83 percent) of UK bosses are concerned about how to get hold of key skills, up sharply from 71 percent last year. The skills most highly prized by UK leaders – adaptability and problem solving, leadership and collaboration, and creativity and innovation – are also proving the hardest to recruit.

January 16, 2017

Fathers’ careers stifled by modern workplace culture, claims report ⁰

by Neil Franklin • Flexible working, News

The UK is running the risk of creating a ‘fatherhood penalty’ – as fathers consider stalling or side-lining their careers to find roles they can better combine with family life, according to a new study. The 2017 Modern Families Index, published today by work-life charity Working Families and Bright Horizons, captures a broad picture – of fathers wanting to take an active part in childcare and the workplace failing to adapt and support their aspirations. Family is the highest priority for fathers. A quarter of fathers that took part in the study drop their children at school or nursery every day; with just over a quarter (26 percent) collecting them more than half the time. Seven out of ten fathers work flexibly to fulfil their caring responsibilities. However, for half of the fathers we spoke to their work-life balance is increasingly a source of stress. A third of fathers feel burnt out regularly and one in five fathers are doing extra hours in the evening or weekends all the time.

January 12, 2017

New report highlights potential of technology to wipe out jobs and businesses ⁰

by Mark Eltringham • News

Unregulated technological progress is one of the greatest threats to global prosperity, peace and stability, claims a new report from the World Economic Forum. The WEF’s Global Risks Report, published before 3,000 business leaders and politicians gather for its annual conference in Davos, claims that regulation is trailing far behind technological innovation and that without action, it could lead to the destruction of untold jobs and businesses and catalyse major social upheaval. Economic inequality, societal polarisation and intensifying environmental dangers are the top three trends that will shape global developments over the next 10 years, the World Economic Forum’s Global Risks Report 2017 claims. The report says that collaborative action by world leaders will be urgently needed to avert further hardship and volatility in the coming decade.

January 12, 2017

Recruitment, change management and morale are chief HR challenges in 2017 ⁰

by Sara Bean • News, Technology, Wellbeing, Workplace

While a fifth of respondents to a study commissioned by Cascade HR revealed the topics most likely to keep HR awake at night in 2017 said they don’t foresee any challenges as Brexit begins to unfold, the remainder highlighted recruitment, managing organisational change and staff morale as the overriding struggles they expect to encounter. While 80 percent of participants said their organisation is OK, good or excellent at managing major change, significant areas for improvement were also identified, with 61 percent stating better communication is required, 57 percent striving for greater staff involvement/engagement and 50 percent highlighting the need for improved planning. Of the 275 industry professionals questioned in the survey, to uncover their plans and fears surrounding Brexit and other significant economic developments, 59 percent said they will rely on technology to help them manage such change.

January 12, 2017

Brexit uncertainty won’t dissuade UK workers from moving jobs this year ⁰

by Sara Bean • Flexible working, Legal news, News, Workplace

Employee confidence in the UK has not been shaken by uncertainty around leaving the European Union, as 48 percent admit that they will be looking for a new job this year, claims a new survey by REED. The YouGov research asked more than 2,000 people about their careers in 2017, and found that 43 percent of employees are feeling optimistic about their career prospects, despite uncertainty created by the Brexit vote. Business confidence is also high with 53 percent of UK workers receiving a pay rise from their employer, compared to 41 percent found in the REED Market Insight 2015 – an increase equating to almost an eighth or an estimated four million UK workers according to recent ONS employment stats. While an increase in salary is still the primary motivation for people to look for a new job (51 percent), almost 38 percent (four in 10) would/ have move(d) for a better work-life balance and 33 percent, a third, for a better working environment.

January 12, 2017

UK Green Building Council announces launch of first Innovation Lab ⁰

by Neil Franklin • Environment, News

The UK Green Building Council (UK-GBC) has announced the launch of its first Innovation Lab, which it claims offers ‘a radical new approach to innovation in the built environment’. The Lead Partners for the programme are: Canary Wharf Group, Land Securities and Marks & Spencer. The Innovation Lab aims to identify and address what it calls the systemic challenges facing businesses within the sector, and co-create innovative and highly sustainable solutions.

Head of Leadership and Innovation at UK-GBC, Cat Hirst, said: “Research and Development levels across our industry are painfully low; the UK currently only spends £43m on construction R&D. The risks to a single company of investing in developing a solution for such a high-cost industry is often seen as prohibitive. But we desperately need to find ways of working together to achieve radical change if we are to challenge business as usual and transition to a sustainable way of working.

“At UK-GBC we’re seeking to catalyse this change by using our unique position to convene our member organisations to work together to address the issues our industry faces. We want to ensure there is the time, space, and structure for open innovation to occur for the built environment.

“The Innovation Lab is not just about finding one solution to one problem, it’s about fostering a more open and collaborative approach to problem solving as an industry. We need to build the capacity of our industry to innovate and find the right approach to being creative and collaborative within a commercial setting.”

The Innovation Lab began last month with a workshop to identify the ‘breakthrough challenge’ which will form the focus of a 9-month programme of work. In order to arrive at the challenge, the UK Green Building Council is working with the Lead Partners and thought leaders from the wider UK-GBC membership to explore future trends for the built environment as well as key environmental and social challenges, and pain points for business. The initial workshop highlighted key industry challenges around climate change resilience, resource use, shifting demographics, technological advancement and health and wellbeing.

Over the coming weeks, the breakthrough challenge will be refined in consultation with the Lead Partners. The next workshop will be on 1 February, where Innovation Lab participants will begin to respond to this challenge by mapping existing innovations and, where a gap is identified, generating new innovative solutions to solve the challenge.

January 11, 2017

Tech and media firms still believe human talent is the key to success ⁰

by Mark Eltringham • News, Technology

A new study from Colliers International claims that 62 percent of companies in the TMT sector are looking to expand their headcount. Despite advances in technology and artificial intelligence in the workplace, Colliers latest research suggests that over 62 percent of enterprises in the Tech, Media and Telecoms (TMT) sector are seeking to employ more staff to drive their company forward, demonstrating that the human factor still plays a critical role in business development. The report was conducted by global real estate firm Colliers International, based on a number of interviews. The study also claims that only 12.5 per cent of the firms which were interviewed were looking to contract their workforce. Interestingly, technology was viewed as the least important strategic resource by all but one company. Yet most businesses surveyed did expect big change and efficiency improvements through the introduction of new technology in the business and the workplace, especially the development of cloud-based systems.

January 11, 2017

Money worries undermine performance of one in four workers says CIPD ⁰

by Sara Bean • News, Wellbeing, Workplace

A quarter of people are suffering with money problems so substantial that it is affecting their ability to do their job, claims a new survey published by the CIPD and Close Brothers Asset Management. Physical fatigue caused by lost sleep when worrying about money, is the most common explanation for how financial concerns have impacted people’s productivity, effecting one in five employees (19 percent). The number reporting problems rises to a nearly a third (31 percent) among 18-24 year olds, and those living in London (32 percent). The problem is not limited to low earners either, with one in five (20 percent) of employees earning £45,000 to £59,999 saying that financial anxiety has affected their ability to do their job. Meanwhile, women are more likely than men to report that money worries are affecting their work, with nearly three in ten (28 percent) women reporting the problem, compared with less than one in four (23 percent) of men.

January 11, 2017

Strategic application of Big Data reaches tipping point, claims study ⁰

by Mark Eltringham • News, Technology

A new study claims that the application of Big Data in the workplace has now reached a tipping point as two thirds of organisations now consider its application of ‘strategic’ consequence, with just a fifth (19 percent) still at an experimental stage. According to the 2016 Big Data Maturity Survey from AtScale, nearly all of the 2,550 businesses who took part (97 percent) claim they will do as much or more to apply Big Data to decision making over the next three months. The main application is expected to be business intelligence according to 75 percent of respondents to the study. The AtScale study also found most companies now deploy Big Data in the cloud rather than keeping it on premises. “There’s been a clear surge in use of Big Data in the Cloud over the last year and what’s perhaps as interesting is the fact that respondents are far more likely to achieve tangible value when their data is in the cloud,” said AtScale CTO and co-founder Matt Baird.

January 11, 2017

Detoxify the workplace to improve employee wellbeing and productivity ⁰

by Sara Bean • Case studies, News, Wellbeing, Workplace design

While most organisations recognise the importance of keeping their employees safe, not enough focus is being given to wellness, and those organisations that do not prioritise employee wellness and design their workplaces accordingly will lose talent and potentially face bottom line repercussions. This is according to AECOM, which is urging organisations to “detoxify” their work environments to improve employee wellbeing. With 9.9 million working days lost due to work-related stress, depression or anxiety in Great Britain in 2014/151, employees’ health and happiness can have a direct impact on business performance. Making improvements to the physical environment can help organisations create spaces and working cultures that encourage creativity, support wellbeing and increase job satisfaction. More →

January 10, 2017

A unity of opposites at Sky Central ⁰

by Neil Usher • Case studies, Facilities management, Features, Work&Place, Workplace design

It’s drummed into us from an early age that we can’t have it all, as a result we consider choices as being a binary either/or situation. The workplace design brief (where it’s actually undertaken, an entirely separate discussion) positions choices similarly – open or closed, focussed or collaborative, modern or traditional – the decision point existing along a sliding scale from one natural extreme to the other. Yet there is a way to consider workplace design as an attempt to achieve the “unity of opposites”, an idea proposed by the pre-Socratic aphoristic philosopher, Heraclitus, the original thinker on change. This holds that the existence of an idea is entirely dependent on the existence of its opposite, that one cannot exist without the other. The framework is considered here in its application to the recently completed Sky Central in Osterley (West London), a newly constructed 38,000m2 NIA activity-based workplace over three floors that is home to 3,500 of the total 7,500 people on the Campus. It may be considered as tool for aiding workplace brief development, or for understanding how a workplace has been conceived and functions.

January 9, 2017

Global lack of female leadership, despite benefits to companies’ performance ⁰

by Sara Bean • Legal news, News, Workplace

Gender inequality remains high around the world – despite the fact that new research suggests how female leadership increases companies’ performance. A new report published by IZA World of Labor looks at the reasons for the persistence of wage and leadership gender gaps and their causes and consequences and emphasizes the beneficial role of female leaders in reducing gender inequality. The report claims that gender wage gaps and women’s under representation in leadership positions exist at remarkably similar magnitudes across countries at all levels of income per capita. In a new IZA World of Labor report the economist Mario Macis of Johns Hopkins University, USA summarizes recent research which shows that although women in many developed countries have reached parity with men in terms of formal educational attainment and employment, earning disparities between the genders are actually greater in richer countries.