Search Results for: benefits

Smart cities could lead to cost savings of $5 trillion for firms and governments, report claims

by • Cities, News, Technology

Smart city technologies could save businesses, governments and citizens globally over US$5 trillion annually by 2022 according to a new whitepaper from ABI Research (registration required). The new white paper analyses the scope for cost savings and efficiency as a driver for smart city deployments, smart technologies and the Internet of Things (IoT). According to the report, titled ‘Smart Cities and Cost Savings,’ the use and deployment of IoT and smart technologies will be pivotal to the future success of smart cities, but only if players collaborate to embrace a holistic approach. With higher concentrations of people and enterprises in cities as a result of urbanisation, smart city and IoT technology, along with new sharing and service economy paradigms, will be key for cities to optimise the use of existing assets, maximise efficiencies, obtain economies of scale and ultimately create a more sustainable environment. Automation, artificial intelligence, along with sensors, data-sharing and analytics, will all be critical in helping cities save costs.

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UK workers low opinion of colleagues reduces chances of good teamwork

by • News, Wellbeing, Workplace

 

British workers believe that just 68 percent of their colleagues are good at their job, and nearly a quarter of staff (23 percent) would describe their colleagues as ‘lazy’ new research suggests. The more senior position people attain, the lower opinion they have of their colleagues: according to new research by Dropbox on team behaviour within UK businesses, which marks the launch of a new study, conducted in conjunction with philosophers at The School of Life. The research revealed several potential causes for the low opinion British workers have for some of their co-workers, and why they are not contributing to successful teamwork. A third (35 percent) say they have had to cover up a mistake for a colleague and nearly a quarter (22 percent) say they have had their work claimed by others and presented as their own. Seventeen per cent even said their boss had previously done this. Actions such as this undermine trust within teams – and stop credit being given where it is due – which can in the long term erode the ability of a team to function together.

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How do you really go about creating a great place to work?

by • Comment, Wellbeing, Workplace design

The topic of workplace wellbeing is becoming increasingly prevalent. And for good reason. In the UK, 45 million working days are lost due to stress, anxiety and depression and the Chartered Institute of Personnel and Development (CIPD) Absence Management survey reveals that over two fifths of organisations have seen an increase in reported mental health problems over the last year. What’s more, a recent government report found that up to 300,000 people leave their jobs each year due to mental health-related issues. Last month, Symposium hosted the “Workplace Wellness & Stress Forum 2017”, back for its twelfth year, to help employers step up and tackle the greatest inhibitor of growth, innovation and creativity – stress. Medical professionals have their definition of “stress”, health and safety execs have theirs, and the academic community promulgate another. Forum host Neil Shah, chief de-stressing officer of The Stress Management Society, offered a definition that resonated with the entire audience: “where demand placed on an individual exceeds their resources”.

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There is no clash of the digital and analogue worlds

by • Comment, Technology, Workplace design

Take no notice of the headline grabbing writers in the media. No battle lines are being drawn up between advocates of the analogue world of the 1960s/70s and those promoting the pioneering ideas for a bold digital 21st century. Despite the rhetoric written about driverless cars, being able to make phone calls by just thinking about who we want to call and the advance of artificial intelligence, we will almost certainly benefit from advances in technology.

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Government targets 50 percent cut in greenhouse gases from the built environment

by • Environment, Facilities management, News, Property

The UK government has set some ambitious targets for construction and the environmental performance of buildings following the announcement of a Sector Deal for the construction sector. The sector deal was an integral part of the Industrial Strategy White Paper published earlier this week. In a statement, Business and Energy Secretary Greg Clark revealed more details of the deal supported by £170m of government investment and £250m of match funding from the built environment sector. The announcement sets out ambitious new targets for the built environment and infrastructure including a 50 percent reduction in greenhouse gases and a third reduction in the costs of construction and whole life costs of buildings.

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Location of workplace matters when it comes to workplace performance

by • Flexible working, News, Property, Workplace

Employers can make major performance and productivity improvements by taking a more strategic approach to where they place their people, a new report suggests. Organisations with the closest alignment between their geographical talent footprint and market opportunity tend to be most productive and profitable claims Right people, wrong place?, a new EY report in collaboration with LinkedIn. The report analysed 659 organisations of varied size and scale across 11 sectors and revealed that those that poorly match their workforce to the global sub-sector growth markets are potentially leaving hundreds of millions of dollars of opportunity on the table. Bringing together a combined analysis of current and projected industry market performance from EY with LinkedIn’s insights from more than 530 million members, the report validates and quantifies the value of maximising the alignment between workforce location and market opportunity.

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Workers would be prepared to take a pay cut for an agile working life

by • Flexible working, News, Technology, Workplace

A new survey claims that the ability to accommodate agile working into their life is important, with those who prefer to work agile claiming they would sacrifice an average of 16 percent of their annual salary for the opportunity.In addition to this, 86 percent stated they would even change jobs to accommodate their preference. The report into recruiting for an agile workforce suggests that despite being a relatively new concept, over half surveyed were familiar with it and over 22 percent of those had worked in an agile environment for over two years. However, recruiters claim less than half of the roles they’re working on offer agile, finding it’s most prevalent in the IT sector. The study reveals both recruiters and candidates believe the key attributes for success in agile are being flexible, organised and hardworking. Interestingly, the majority of recruiters believe these are required in advance and cannot be developed on the job. Meanwhile, social qualities (like being introverted or outgoing) or being easy going are less important.

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Time for Britain to face up to its post-Brexit skills shortage

by • Comment, Technology, Workplace

A new and dramatic wrinkle seems to be added to the process of Brexit talks every week. But rumbling underneath the political positioning are some fundamental problems for business. Perhaps the most startling challenge is the prospect of a cavernous skills gap. A lot of attention has been paid to the problems of low-skilled workers – the “left-behind” who voted for Brexit in the first place, and the migrants who are currently propping up the agricultural economy and doing the jobs that UK workers don’t want to do. But a more pressing issue is the fact that for too long a large proportion of our skilled labour has been coming from outside the UK. This is not only in the form of skilled individuals who are recruited to work for companies and public sector organisations in the UK, but also in the way Britain outsources the manufacture of complex parts to companies in the rest of Europe. (more…)

Impostor syndrome could be holding back workers and senior executives

by • News, Wellbeing, Workplace

Impostor syndrome (where we feel like we are ‘faking it’ at the job we are doing) could be holding back many senior executives from realising their potential – according to new research from Dropbox on the state of teamwork within businesses in the UK. The research, which marks the launch of a new study, conducted in conjunction with philosophers at The School of Life reveals that 80 percent of Chief Executive Officers (CEOs) and 81 percent of Managing Directors say they sometimes feel ‘out of their depth’ and as if they are ‘struggling’ in their role.  The research investigates behaviours in business that are limiting to great teamwork. Being averse to disagreeing with others – often seen as a typically British trait – is identified as a key issue holding back teams within British business. The data also claims that two thirds of British workers (69 percent) say that they aren’t comfortable disagreeing with others at work.

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Overwhelming majority of employees see link between wellbeing and performance

by • News, Wellbeing

According to its 2017 Health Survey (registration required), Aon Employee Benefits claims that 96 percent of employers see a direct correlation between employee health, wellbeing and performance. The survey of 200 UK organisations also suggests that health and wellbeing is rising up the corporate agenda, with 96 percent of employers either agreeing or strongly agreeing that they are responsible for improving employee health behaviours. Indeed, 77 percent are looking to improve on their existing health and wellbeing programmes in the next 12 months. In addition, although employee physical health is important to employers, they are also looking to strike a balance between what are becoming the four widely accepted core pillars of health and wellbeing – Emotional, Physical, Social and Financial.

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Workplace wellbeing is focus of new report from British Psychological Society

by • News, Wellbeing

A new report from the British Psychological Society, Psychology at Work: Improving Wellbeing and Productivity in the Workplace examines issues around work, health, and disability and recommends ways that policy makers and employers can tackle poor employment practices using interventions that work with human behaviour, not against it. The report has been launched today, Tuesday 14th November, at the BPS All-Parliamentary Group for Psychology’s (APPG) ‘Healthy Workplaces’ event hosted by Dr Lisa Cameron MP in the Houses of Parliament. Psychology at Work: Improving Wellbeing and Productivity in the Workplace’ was co-authored by Dr Ashley Weinberg, CPsychol AFBPsS, and Nancy Doyle CPsychol AFBPsS.

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Millions of unemployed over 50s struggle more than young people for jobs

by • Flexible working, Legal news, News, Wellbeing, Workplace

New data published today shows that the over 50 age group experience an ‘unemployment trap’ – meaning they are more likely to be out of work than younger age groups, and once unemployed they struggle more than younger jobseekers to get back into employment. Currently almost a third of 50-64 year olds in the UK are not in work – some 3.3 million people. Within this, 29 percent are recorded as ‘economically inactive’ – not engaged in the labour market in any way – which is more than twice the rate of those aged 35-49 (13 percent). It is estimated that around one million of the over 50s who are out of work left employment involuntarily due to issues such as ill health, caring responsibilities or redundancy. Some 38 percent of unemployed over 50s have been out of work for over a year, compared to 19 percent of 18-24 year olds and the Centre for Ageing Better claims that employment support is failing this age group.

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