Search Results for: business

Small coworking providers taking advantage of WeWork woes

Small coworking providers taking advantage of WeWork woes

Despite its recent challenges, WeWork remains the most popular coworking space in the US, but smaller, local coworking spaces are catching up, according to a new survey from Clutch. According to the study, 39 percent of coworking employees work in a WeWork space, but local coworking spaces are almost as popular, at 36 percent. (more…)

A side hustle the only way for many young people to make ends meet

A side hustle the only way for many young people to make ends meet

the growing art of the side hustleBritain’s graduate debt crisis means that nearly half of current students and recent graduates (42 percent) have taken up a so-called side hustle or joined the gig economy, in order to combat debt, afford rent and the rising cost of living. One in five (22 percent) also cited having two additional jobs, with the next generation of workers concerned about the overwhelming cost of living. (more…)

Workplaces still do not support collaborative work as well as they should

Workplaces still do not support collaborative work as well as they should

collaborative workA near universal 91 percent of UK workers believe collaborative work with colleagues is essential for their productivity and creativity, yet nearly three-quarters of them work in traditional, enclosed spaces non-conducive to active participation and spontaneity according to new research from Steelcase. The report claims that team-based work is fundamental to modern businesses with 55 percent of the UK spending their time working with others but workspaces are actually unable to support collaborative work. (more…)

Back of the net – a conversation with Chris Lewis about leadership in the 21st Century

Back of the net – a conversation with Chris Lewis about leadership in the 21st Century

The Leadership LabIs there a crisis of leadership in the 21st Century? And if so, what can we do about it? I had the opportunity to address the issues in conversation with Chris Lewis, the co-author along with Dr Pippa Malmgren of the Business Book of the Year The Leadership Lab, diverting briefly to talk about the golden age of football and its lessons for the modern day leader and how the challenges of leadership are not just evident in organisation, but society as a whole. (more…)

Performance management systems still a major drag for HR leaders

Performance management systems still a major drag for HR leaders

performance managementFewer than one-fifth of HR leaders believe that performance management is effective at achieving its primary objective, according to a report from Gartner (registration). Though companies have been prioritising performance management improvements for years, 81 percent of HR leaders are still making changes and experimenting with their organisation’s efforts, according to the report. Most efforts to fix the issues are centred on reducing effort with the survey claiming that two-thirds of HR leaders focused on making processes either easier or less time consuming. However, reducing the effort managers and employees must put into the systems has significant negative effects. (more…)

Young people mistakenly associate self-employment with more pay and leisure time

Young people mistakenly associate self-employment with more pay and leisure time

self-employmentStudents and school-leavers see self-employment as a route to a higher income, better work-life balance and more family time and so one in five 16 to 21 year olds think they will self-employed at some point, a new analysis from the Office for National Statistics shows. However, other studies from the UK government paint a different picture with people in self-employment generally earning less and working longer hours than their employed contemporaries, but often happy to forgo the certainties of paid work for greater flexibility and control. (more…)

Migration of flexible offices to contribute £12 billion to local economies

Migration of flexible offices to contribute £12 billion to local economies

flexible offices in BirminghamThe increasing migration of flexible offices to the outskirts of major UK cities is creating a ‘flex economy’ that could contribute more than £12 billion to local economies in the next decade. That’s according to the first comprehensive socio-economic study of second-city and suburban workspaces. The analysis, conducted by economists on behalf of Regus, claims that as Brexit uncertainty continues to impact the economic landscape, individual flexible workspaces in suburban areas could be a welcome lifeline for local economies.

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UK industries leading global charge for AI investment, study claims

UK industries leading global charge for AI investment, study claims

AI eyeA new study claims that the UK is at the forefront of a global drive for Artificial Intelligence investment, with a near universal 99 percent of UK respondents planning to invest in AI, versus 80 percent in North America, and 83 percent in mainland Europe. The report from IFS (registration) sets out to explore the perception and adoption of AI  within core industries worldwide. It polled the views of 600 decision makers working with technology and suggests that AI  will predominantly be used to make existing workers more productive (60 percent) and add value to products and services (48 percent).

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Women may be struggling to climb career ladder because of their beliefs about competition

Women may be struggling to climb career ladder because of their beliefs about competition

Women might be less likely than men to go for opportunities in competitive workplaces because they don’t see as much of an upside to competition as men do, research by UCL School of Management and London Business School reveals. Women are on average less competitive than men. This gender difference has been explained largely by external factors such as the different evolutionary and social pressures men and women experience. Extending our current understanding of the gender difference in competitiveness, Dr. Sun Young Lee and Dr. Selin Kesebir reveal beliefs about competition as one source of the gender differences in competitive attitudes and behaviours. (more…)

Drawing back the curtain on the new workplace

Drawing back the curtain on the new workplace

It’s a shame that Rhymer Rigby’s piece in The Times on creativity at work is behind a paywall because it says something perfectly obvious and demonstrable about workplace creativity that more people should read. The gist is that a cult has grown up around creativity that should be subject to more scrutiny and we should stop thinking about all work as the potential outlet for the creative instincts of people who may not have any, may not work in a job that involves them or who may not want to express them during their shifts in the Amazon warehouse. (more…)

Flexible working does not reduce levels of overwork

Flexible working does not reduce levels of overwork

UK employees are having to work harder to pay the bills, with the vast majority (91 percent) working beyond their contracted hours on a weekly basis and almost half (43 percent) not leaving the office or taking a break at lunchtime according to an analysis of Morgan McKinley’s Working Hours and Flexibility reports. And the growing practice of flexible working appears to be having no impact on the overworking culture.

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Oxford and Reading are best cities in which to live and work in the UK

Oxford and Reading are best cities in which to live and work in the UK

best citiesOxford has been recognised as the top performing city in the UK to live and work for the fourth year in a row in a nationwide study carried out by PwC. The city has emerged ahead of Reading thanks to work-life balance, income, transport and skills with Bradford being crowned as the most improved city. Published today (12 November 2019), the annual Demos-PwC Good Growth for Cities 2019 sets out to show there’s more to economic well-being than just measuring GDP. The index measures the performance of 42 of the UK’s largest cities, England’s Local Enterprise Partnerships (LEPs) and ten Combined Authorities, against a basket of ten factors which the public think are most important when it comes to economic well being. These include jobs, health, income and skills, as well as work-life balance, house-affordability, travel-to-work times, income equality, environment and  business start-ups. (more…)