Search Results for: business

Astonishing Uber employment case could lead to fresh battles over gig economy

The latest decision in an ongoing legal battle involving the ride-hailing app, Uber, could have serious consequences for companies which operate in the ‘gig economy’. The prolonged employment tribunal case first began in 2016 with a case bought by the GMB Union. Uber drivers James Farrar and Yaseen Aslam argued that the employment status they had been assigned by Uber – namely, ‘self-employed’ – was incorrect and that they should instead be classed as ‘workers’. The change in status would mean the pair were entitled to holiday pay, paid rest breaks and the minimum wage.

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Research details how staff satisfaction affects company performance

Companies with high levels of staff satisfaction perform better financially, according to new research from the University of East Anglia (UEA) published in the journal Economics Letters. The study examined the effect of staff satisfaction on corporate performance using employees’ online reviews of where they work. Writing in the journal Economic Letters, the researchers from Norwich Business School say that firms rated highly by their current employees in terms of satisfaction achieve greater financial performance compared to firms characterised by low levels of employee satisfaction.  (more…)

Impostor syndrome could be holding back workers and senior executives

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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Fear of change is putting British companies at risk, Microsoft report claims

A fear of change among staff is putting British companies at risk, according to new research that looks at how businesses are preparing for a technology-led future. A significant number of workers from across the UK admitted to anxiety and concerns over job security when their firms introduced technology to help them in their roles. Just under half (49 percent) of the people surveyed by Microsoft, Goldsmiths, University of London and YouGov said they feared the change that comes with digital transformation. Sixty-one percent said they felt anxious when bosses brought in new technology, while 59 percent were worried about the impact the automation of tasks would have on their job.

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The contribution of personality to the performance of agile workers

The introduction of agile working into organisations has typically focussed on the workstyles of different job roles, but has tended to treat the jobholders within these groups in the same way. The successful introduction of new ways of working clearly relies on the willingness of the people occupying the job roles to embrace new ways of working; yet there has been little investigation of the needs of agile workers with different personality types beyond looking at the needs of extroverts and introverts. These studies have tended to focus on the workplace; for example, the Cushman Wakefield Workplace Programme briefing paper examines how organisations can accommodate the needs of extroverts and introverts working together in the workplace. However, using OCEAN personality profiles, Nigel Oseland found that different personality types have different preferences, which in turn are likely to affect their performance at work.

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Mergers and acquisitions often fail because workers struggle to integrate into the new organisation

Mergers and acquisitions often fail because workers struggle to integrate, and new research from King’s Business School and the University of Helsinki claims that successful integration is much more likely when organisations actively help employees feel that their jobs are safe. Organisations must also ensure that their integration procedures are seen to be fair and just. Professor Martin Edwards and his co-authors studied the merger of three universities and the acquisition of a manufacturing organisation by a larger multinational. As the first study to track employees during and after a merger and an acquisition, it identifies the factors that influence the likelihood and rate of employee integration.

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Workplace wellbeing is focus of new report from British Psychological Society

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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Stress and disengagement blamed for ‘sickie’ culture

Two in five employees have pulled a sickie in the last year and half, and a million have pulled more than eight, with stress, ‘couldn’t be bothered working’ and hangovers the top reasons for absence, a new report claims. According to research conducted by Citation, 41 percent of employees confessed to pulling at least one sickie in the last year, and 18 to 24-year-olds were markedly more likely to pull a sickie than any other age group, with just under two thirds (6 percent) admitting to doing so. Just 12 percent of employees aged 65+ said they had lied about an illness in the last year. Men are twice as likely as women to pull a sickie because they are hungover, and women are almost 10 percent more likely pull a sickie because they are feeling stressed.

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Falling supply and growing demand for affordable office space in London is putting undue pressure on SMEs

As the pressure grows for small businesses to find affordable workspace in the UK’s capital, the London Assembly has published a new report that looks at ways of addressing the underlying issues, especially a fall in the availability of appropriate space. According to the Assembly, the pressure on affordable workspace for SMEs in London is increasing. Sixteen per cent of industrial land was lost between 2001-2015 and if the trend continues, industrial land in London could fall a third by 2041. In outer London, almost one fifth of workspace could be lost to residential homes and since 2013, the relaxation of permitted development rights has led to the conversion of 1.47 million square metres of office space to residential homes.

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New quarterly report highlights latest UK cities trends

A new quarterly report that claims to analyse the latest trends taking place in cities across the UK has been published by Future Cities Catapult, the Government-backed centre of expertise in urban innovation, the City Innovation Brief (automatic download) summarises key developments and changes from cities across the UK, identifying where money is being invested and what future opportunities might look like within the advanced urban services sector.

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Only one fifth of workers see AI as a threat to their jobs

Only a fifth of workers see artificial intelligence as a threat to their jobs according to a new report. Over a third of male workers (39 percent) feel artificial intelligence (AI) and automation will make them better at tackling day-to-day tasks, in contrast to less than a quarter of female workers (24 percent). This gender gap in attitudes and expectations towards AI in the workplace is revealed in a report released by TalkTalk Business with research conducted by YouGov. This stands in stark contrast to a recent prediction by thinktank, Reform, which said that 250,000 public sector administrative jobs could be at risk by 2030 because of automation. Key decision makers surveyed were alert to the sweeping changes ahead, with 47 percent explaining that their companies intend to upskill their workforces to understand and utilise these newer technologies.

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Nine out of ten employees believe flexible working is key to boosting productivity

Data published by HSBC claims that flexible and remote working practices are more likely than financial incentives to motivate staff and ultimately increase workplace productivity. A study of British businesses and employees found that nine in ten employees surveyed (89 percent) consider flexible working to be a key motivator to their productivity levels within the workplace – a view shared equally among male and female employees (87 percent and 90 percent respectively) – and more so than financial incentives (77 percent). Alongside this, 81 percent of workers who can work remotely believe this opportunity helps them to improve their productivity, making a clear link between flexible working cultures and increased business productivity levels.

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