Search Results for: business

Tech skills now more important than maths and science say business leaders

Tech skills now more important than maths and science say business leaders

by • News, Technology, Workplace

More than two-thirds (68 percent) of British businesses think that acquiring tech skills such as coding trumps the importance of more classic subjects such as maths and science. The research, from tech job board CWJobs, also claims that 71 percent of businesses urge candidates to learn tech specialisms in order to futureproof their careers. Active jobseekers should take note of skills that can push them to the top of the hiring list, with eight out of 10 (80 percent) business leaders revealing candidates having a tech specialism is an important factor in their future hiring decisions across any job sector. (more…)

Businesses should focus on the greater good of people and society

Businesses should focus on the greater good of people and society

by • News, Working culture

Modern corporations should work in the best interests of society and people rather than focusing primarily on making money for shareholders as they may have in the past, according to an influential group of chief executives. The body Business Roundtable, which represents the heads of some of America’s largest companies, including Apple, Amazon and Exxon Mobil, has issued a statement of its updated corporate governance principles. (more…)

One in ten firms sued for business rates arrears

One in ten firms sued for business rates arrears

by • News, Property

business rates Around one in ten businesses in England were sued by their local authorities over the past year for failing to pay rising business rates, new data suggests. According to real estate consultancy Altus Group, around 750 businesses were sued each working day. The real estate group said the figures highlight the cost pressures on UK businesses, as the occupies of around 190,000 commercial properties came to court over the non-payment of rates during the last financial year. The report claims that the occupiers and owners of offices, shops, pubs and restaurants have called for cuts to business rates. According to Altus Group, the standard rate of tax, which applies to all medium and large premises in England with a rateable value of more than £51,000, rose by 2.4 percent on 1 April 2019. (more…)

Four day week makes business sense, claims Henley report

Four day week makes business sense, claims Henley report

by • News, Wellbeing

Four day week makes business sense cover imageA four day working week could save UK businesses an estimated £104 billion annually, while improving productivity and their environmental performance according to new research from Henley Business School. The research claims that a shorter working week on the same pay could add to businesses’ bottom lines through increased staff productivity and an uplift in staff physical and mental health, whilst also resulting in a cleaner environmental footprint. Henley’s ‘Four Better or Four Worse?’ white paper exploring the issue claims that of those businesses who have already adopted a four day week, nearly two-thirds (64 percent) have reported improvements in staff productivity. (more…)

AI is the biggest business disruptor on world stage

AI is the biggest business disruptor on world stage

by • News, Technology

UK Asis TechAI and its transformational effect on the global business landscape was the dominant theme on day one of the UK Asia Tech Powerhouse Conference. Transforming urban mobility thanks to rapidly growing cities, and how Asian cities are leading the march towards a digital future also featured in the first of the two-day event, with influencers from across trade, investment and technology, including Singaporean entrepreneur Annabelle Kwok and Mark Purdy, Accenture’s Group Chief Economist and Managing Director at Accenture Research. (more…)

New BSRIA guide to Soft Landings and Business-Focused Maintenance

New BSRIA guide to Soft Landings and Business-Focused Maintenance

by • Architecture, Facilities management, News, Technology, Workplace design

New Soft Landings and Business-Focused Maintenance guide from BSRIABSRIA has launched a new guide that aims to inform those involved in the design, construction and operation of a building about how an effective Business-Focused Maintenance (BFM) regime can be developed and achieved through the Soft Landings approach. The topic guide on Soft Landings and BFM is written as an ‘at a glance publication’ to give readers a glimpse of the subject and recommends further reading. (more…)

Rise of grey entrepreneurs: 1 in 10 Brits would like to start their own business in retirement

Rise of grey entrepreneurs: 1 in 10 Brits would like to start their own business in retirement

by • News, Workplace

Aviva’s Retirement Reality Report claims that for some people retirement is a time when they would like to travel (47 percent), take up a new hobby or continue with old ones (29 percent). However, many think retirement is also a good time to start their own business. That’s according to a survey of 2,010 UK employed adults, aged 22-65 years, conducted on behalf of Aviva by Censuswide. (more…)

Businesses urged to pay suppliers on time or risk losing out on government contracts

Businesses urged to pay suppliers on time or risk losing out on government contracts

by • News

More than 10,000 businesses have been warned by the government that they must pay their suppliers on time or face being prevented from winning further government contracts. Officials from the Cabinet Office have written to the businesses – which include all the government’s current strategic suppliers – to remind them of the new rules on prompt payment, which come into force this autumn. (more…)

Procurement fraud rampant in UK businesses

Procurement fraud rampant in UK businesses

by • News, Technology

smartphone with procurement appProcurement fraud is widespread in the UK and the country lags behind many countries in its detection capabilities, new research from SAS claims. British companies, on average, lose significantly more money to procurement fraud, and the country is far more reliant on ineffective manual detection techniques than other nations.Procurement fraud occurs when employees and suppliers behave fraudulently during the contract bidding process or over the course of the contract. This can range from employees colluding with their preferred vendor to give unfair advantage during procurement, to suppliers submitting multiple invoices for a single item. While procurement fraud is a serious crime that carries a jail sentence in many countries, perpetrators are often willing to take the risk for personal revenge or financial gain. (more…)

Majority of UK business leaders believe costs and red tape will rise after Brexit

Majority of UK business leaders believe costs and red tape will rise after Brexit

by • Facilities management, News, Workplace

Over half (58 percent) of UK business leaders expect costs to rise after Brexit, even if a deal is struck and just over a third (38 percent) believe that access to local business funding and grants will also become more challenging post-Brexit, claims a new survey from Vistage. Respondents were also sceptical about the so-called ‘bonfire of red-tape’ which was a key part of the Leave campaign’s manifesto. Thirty-eight per cent believe bureaucracy will become more of a hurdle post-Brexit, versus just 17 percent who believe a deal with the EU will lead to fewer regulations and less red-tape.

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Digital workplace pioneered by medium sized businesses, study claims

Digital workplace pioneered by medium sized businesses, study claims

by • News, Technology

Medium-sized businesses now account for over 60 percent of US jobs, and are investing fast in technology. However, with digital now a priority for businesses of all sizes, they must ensure they have the necessary skills and security management in place to handle the change, or risk falling behind competitors according to a new report from Aruba. (more…)

Mobile working is a recipe for business success

Mobile working is a recipe for business success

by • Comment, Technology, Workplace design

Today, the Fourth Industrial Revolution is changing the face of work as we know it: introducing AI and automation to the workplace and creating a drastic shift in the skills required by organisations today. As automation increasingly frees employees up from the repetitive, process work that can so often dominate their day-to-day, organisations are instead looking to employees to showcase their critical thinking and creativity. Indeed, McKinsey’s Skill Shift confirms that by 2030 the demand for higher cognitive skills, such as creativity, critical thinking and decision making will grow by 14 percent in Europe.

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