Search Results for: business

UK continues to trail behind in business investment. Incoming government won’t solve that

UK continues to trail behind in business investment. Incoming government won’t solve that

A new report from the Institute for Public Policy Research (IPPR) says that the UK holds the lowest investment rates among G7 nationsA new report from the Institute for Public Policy Research (IPPR) says that the UK holds the lowest investment rates among G7 nations. The data indicates that for the third consecutive year, business investment in the UK has lagged behind its G7 counterparts. The nation also ranks 28th out of 31 OECD countries, trailing behind economies such as Slovenia, Latvia, and Hungary. More →

One of the main drivers for mums (and dads) to set up a new business is to cope with the school run

One of the main drivers for mums (and dads) to set up a new business is to cope with the school run

around 9 in 10 working mums who started their own businesses did so to achieve greater control over when and where they workA survey published as part of National Women’s Enterprise Week suggests that around 9 in 10 working mums who started their own businesses did so to achieve greater control over when and where they work.  National Women’s Enterprise Week is an initiative that looks to empower and support female entrepreneurialism. The research, which surveyed 500 UK entrepreneurs, sets out to highlight the importance of flexibility and autonomy as people juggle managing work and family life amid rising childcare costs. More →

Third of businesses investing in GenAI, but employees increasingly concerned about redundancy

Third of businesses investing in GenAI, but employees increasingly concerned about redundancy

UK firms are bullish about the use of GenAI but their employees are not so certain, according to a new pollOver a third of UK employers are bullish about AI investment despite serious workforce uncertainty. New research shows that 35.3 percent of employers are actively investing in GenAI while 40.4 percent plan to increase their use of the technology, to support the workplace, according to a new poll from SD Worx. The findings suggest there is a surprisingly buoyant business outlook for AI adoption at a time when the UK government begins to craft new legislation to regulate AI. The move on regulation comes as the competition watchdog expresses increased concerns about the industry. However, despite businesses betting big on AI investment, similar enthusiasm isn’t shared by employees, with 30 percent of UK workers fearing their roles will be made redundant as a result of GenAi. More →

Trust gap on AI in the workplace must be overcome if businesses are to get ahead

Trust gap on AI in the workplace must be overcome if businesses are to get ahead

With many AI firms increasingly pivoting towards developing specialised tools for easier integration into the workplace, it may come as a surprise that half of the companies Freeths recently surveyed have no plans at all to implement them, with only 15 percent reporting that investing in artificial intelligence tools for human resources was a strategic priority. More →

Focussing on people means business transformation is far more likely to succeed

Focussing on people means business transformation is far more likely to succeed

A new study from EY and Saïd Business School study suggests that leaders prioritising a human-centred approach to transformation turning points are up to up to twelve times more successful.  The EY organisation’s latest research with Saïd Business School, at the University of Oxford, reveals new insights into what happens when a transformation program’s leadership believes a transformation has or will go off-course and intervenes with the intent of improving its performance (turning points). More →

Business leaders and employees are not on the same page when it comes to productivity

Business leaders and employees are not on the same page when it comes to productivity

there are significant disconnects between how organisational leaders and their employees and managers view their ability to perform optimally to maximise productivityA new poll of 2,000 people suggests that while 90 percent of business leaders think their performance management process is a success, only 55 percent of employees agree with them. According to the State of Performance Enablement report from Betterworks, there are significant disconnects between how organisational leaders and their employees and managers view their ability to perform optimally and maximise productivity. More →

Third of businesses say they are more likely to hire contractors this year

Third of businesses say they are more likely to hire contractors this year

Just under a third (32 percent) of UK employers plan to hire more contract workers this year, according to a new report [registration] from recruitment company Robert Walters. Over a quarter (29 percent) report being encouraged to do so by the upcoming IR35 offset rule – coming into effect in early April. Not only that, but a January report from KPMG & REC found that demand for temporary professionals continued to increase softly across the private sector towards the end of 2023 – boding well for this year’s hiring. More →

UK businesses risk losing out on top female talent due to ability to support hybrid and flexible working

UK businesses risk losing out on top female talent due to ability to support hybrid and flexible working

Ahead of International Women’s Day, new data from Ricoh Europe claims that UK and Irish businesses risk losing out on top female talent due to an inability to support workplace flexibility, exacerbated by a lack of technology and fit-for-purpose people policy. The research, conducted by Opinium and analysed by CEBR on behalf of Ricoh Europe, polled 1,000 workers and 250 decision-makers across the UK and Ireland. Insights reveal a significant gender gap in the desire for flexibility and hybrid working arrangements. While both genders see benefits, 10 percent more women, over half (51 percent), agree that hybrid working improves their work-life balance, compared with only 39 percent of men. In addition, 40 percent of women actively seek employers offering hybrid models, a higher percentage than men. More →

Business leaders struggling to navigate rapid change, report claims

Business leaders struggling to navigate rapid change, report claims

Amidst volatile markets and the rapid technological transformation taking place with AI, business leaders are at an inflection point as they attempt to navigate both new and existing challengesAmidst volatile markets and the rapid technological transformation taking place with AI, business leaders are at an inflection point as they attempt to navigate both new and existing challenges – and it’s taking a toll on executive tenure. According to a new survey conducted by LHH, a talent advisory and solutions company, executives across various industries and countries are grappling with formidable challenges, with technological advancements taking centre stage in their concerns. The survey, titled View from the C-Suite: Bridging the executive gap, reveals some of the key insights and recommendations for senior executives as they begin 2024. More →

Half of UK businesses expect 2024 to be easier than 2023

Half of UK businesses expect 2024 to be easier than 2023

UK businesses are hopeful for 2024 according to new research from Pleo. The CFO’s Playbook for 2024, which polled over +500 UK financial decision makers, found that almost 50 percent of UK businesses believe 2024 will be “easier” than 2023 (vs. 35 percent believing it will be harder and 15 percent anticipating that it will be the same as last year). As such, with a waning concern around inflation – a 20 percent decrease since 2023 –  businesses are targeting more ambitious goals. Nearly three quarters are prioritising cash growth, and while this was also the primary objective of businesses last year, findings show a 163 percent increase in British businesses focussed on this ambition. More →

Return to office mandates linked to higher business travel costs

Return to office mandates linked to higher business travel costs

a key finding in new research by Uber for Business  which claims to reveal a resurgent demand for business travelThe majority of UK travel managers (89 percent) say travel is a growing business priority in 2024, anticipating increased budgets driven by return-to-office policies, inflation and ESG requirements. This is a key finding in new research by Uber for Business  which claims to reveal a resurgent demand for business travel. The research, drawing insights from over 250 corporate travel managers across the UK, sets out to explore the top business travel trends and challenges to watch in 2024. In this landscape of shifting dynamics, where emphasis on ESG requirements is intensifying, there is an increasing need for innovative travel management solutions, the firm says. More →

Overwhelming majority of businesses say waste management is important to minimise climate change

Overwhelming majority of businesses say waste management is important to minimise climate change

over four-fifths (85 percent) of UK businesses believe that recycling and waste management are essential in minimising the effects of climate changeA new poll from waste management company Biffa suggests that over four-fifths (85 percent) of UK businesses believe that recycling and waste management are essential in minimising the effects of climate change. Moreover, almost 9 in 10 (88 percent) see waste management as central to being a sustainable business. The survey of over 1000 UK business decision-makers, conducted by YouGov, explored attitudes towards sustainability and the circular economy. The results showcase the clear importance placed on waste management in the battle to combat climate change. More →