Search Results for: business

Digital workplace accelerates blurring of lines between IT, HR and finance roles

Digital workplace accelerates blurring of lines between IT, HR and finance roles 0

by • News, Technology, Workplace

To help ‘organisations thrive in a competitive digital marketplace’, Oracle and the MIT Technology Review have released a new study that highlights the importance of collaboration between finance and human resources (HR) teams with a unified cloud. The study, Finance and HR: The Cloud’s New Power Partnership, outlines how a ‘holistic view into finance and HR information’, delivered via cloud technology, empowers organisations to better manage continuous change in the workplace. Based on a global survey of 700 C-level executives and finance, HR, and IT managers, the study claims that a shared finance and HR cloud system is a critical component of successful transformation initiatives.

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Happiest workers more likely to be based in start-ups and to stay long term

Happiest workers more likely to be based in start-ups and to stay long term 0

by • Flexible working, News, Workplace

Happiest workers are based in start-ups and they intend to stay long term

Employees in companies with nine members of staff or less are most likely to ‘love’ their jobs and are more likely to take personal pride from the companies’ achievements, and to stay there long term a new report suggests. Almost 1 in 3 (31 percent) of workers in businesses containing a maximum of nine members of staff said they “love” their jobs – according to a new survey of 1,220 workers, commissioned by the One4all Spotlight Awards, a free to enter awards scheme that rewards exceptional staff in the UK workforce. By comparision, those in companies with the largest workforces – more than 500 members of staff – were the least likely to love their jobs, with just 15 percent claiming this is the case. Workers in microbusinesses – those with 9 or fewer employees – were also the most likely to say they plan to stay with their current employer for the rest of their working lives, with 18 percent saying they feel this way. They were also the most likely to take a sense of personal pride in their company’s achievements (23 percent).

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Balfour Beatty predicts a human free construction site by 2050

Balfour Beatty predicts a human free construction site by 2050 0

by • AI, News, Property

Balfour Beatty has  published a paper called Innovation 2050: A Digital Future for the Infrastructure Industry, which predicts that the construction site of the future will be in stark contrast to what we see today. Most notably it will be human-free with work moved off-site with remote control of machinery and new materials and techniques exploited to improve cost, safety and efficiency. The report claims that technology has already revolutionised contemporary life to such an extent that it’s not so hard to imagine radical changes for construction not least the emergence of new roles and the requirement and evolution of new skills to support delivery of the future pipeline of construction projects.

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Minimum wage should be extended to the self employed and gig economy

Minimum wage should be extended to the self employed and gig economy 0

by • Flexible working, News

The government should extend minimum wage legislation to protect some of the UK’s 4.8 million self employed workforce as part of its drive to tackle low pay and insecurity in the modern workforce, according to a new report published by the Resolution Foundation. The Minimum Required? – which forms part of the Resolution Foundation’s submission to the Taylor Review on modern employment practices – sets out a number of proposals to tackle endemic levels of low pay among the self-employed. Its new analysis claims that that while around in one in five employees are low-paid (earning less than two-thirds of typical weekly earnings), last year around half of the full-time self-employed workforce (49 percent) fell below this threshold, earning less than £310 a week.

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UK government unveils £1 billion ultrafast broadband fund to aid remote working

UK government unveils £1 billion ultrafast broadband fund to aid remote working 0

by • Flexible working, News, Technology

The UK’s faltering move towards ultrafast broadband has been given a much-needed boost with the launch of a new fund, which will support the rollout of cutting-edge connections across the country. The government’s £400 million Digital Infrastructure Investment Fund (DIIF) will unlock over £1 billion for full fibre broadband, and kick-start better broadband connections across the country. Its aim is to revolutionise Britain’s digital infrastructure, making internet access more reliable for homes and businesses, and enabling more people to enjoy remote working without disruption. According to the Treasury, the flexibility to work remotely is pivotal for driving the economy forward; reducing overheads and helping businesses to start and grow.

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Skills gap costs British employers over £2 billion a year

Skills gap costs British employers over £2 billion a year 0

by • News, Workplace

A shortage of people with the right skills has cost companies more than £2 billion over the past year, despite employment being at a record high, according to the latest findings of The Open University Business Barometer. The study of hundreds of employers found that the majority of businesses have had to pay as much as £527 million above the market rate to recruit skilled workers. At small and medium-sized companies, the average salary increase amounted to £4,150 per recruit. At larger groups, it stood at £5,575. Companies said that they also had faced increased recruitment costs, including paying temporary staff to fill the gap while suitable candidates were found. Nine out of ten said that they had struggled to recruit people with the right skills.

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One in five employees are too scared to ask for flexible working rights

One in five employees are too scared to ask for flexible working rights 0

by • Flexible working, News, Workplace

Over one in five (21 percent) UK private sector employees – equivalent to 5.5m nationally – are too afraid to discuss flexible working with their boss because they think they will say no, Aviva’s Working Lives report claims. The findings come despite employees having the legal right to make a ‘statutory application’ to their employer to change their working pattern . Those aged 35-49 are the most likely to refrain from exercising this right despite the challenge some in this age group may face with juggling work and family life: nearly one in four (24 percent) shy away from starting a conversation for fear of rejection.

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Why using recyclable materials is no longer enough to protect the environment

Why using recyclable materials is no longer enough to protect the environment 0

by • Comment, Environment, Workplace design

recyclable materialsA few years ago, the most commonly recognised symbol of humankind’s impact on the environment was the image of a solitary polar bear, adrift on a rapidly shrinking ice floe. Google a term like ‘melting ice caps’ even now, and you’ll still derive a host of variations of the same meme. More recently a new and even more unpleasant series of symbols has emerged for a similarly environmentally catastrophic phenomenon, carried worldwide on the tide of social media. This time, they are not about the way we pollute the atmosphere but also the land and seas, particularly with plastic. Social media feeds are packed with images of the corpses of seabirds, their flesh rotted away to expose the amount of plastic they have consumed. This is the new face of environmental disaster. This is not just an issue that affects birds, however. Barely a day passes when we cannot see a new image of turtles malformed after getting caught up in plastic netting or six pack rings, whales beached after choking on dozens of discarded plastic bags they’ve mistaken for food, clogged waterways and oceans, piles of rubbish and beaches that consist in large part of plastic eroded to the size of sand grains. Most recently Sky ran a heartbreaking documentary about a whale that had died with a stomach full of plastic rubbish.

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Automation and data need radically new systems of governance according to scientists

Automation and data need radically new systems of governance according to scientists 0

by • AI, News, Technology

automationThe current framework for governing automation and the management and use of data cannot keep pace with technological advances, according to a new report by the Royal Society and the British Academy. The report calls for the establishment of a new, independent body to steward an overall framework that can safeguard public confidence and ensure that the potential benefits of data use such as improved public services, better healthcare and business innovation are fully realised. The two National Academies convened leading figures from the Sciences, Humanities and Social Sciences to undertake a detailed review of the current governance landscape for data usage and management. Data Management and Use: Governance in the 21st Century found that data usage, data collection and management are increasingly intertwined, and new ways of using data make it difficult to define which data is sensitive.  It found that, while the current governance architecture provides a lot of what is needed to deal with these challenges, there are clear gaps and too many silos, such that tensions between how individual and collective benefits and risks are negotiated are not always identified and addressed in a transparent and inclusive way.

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Stress levels at work have grown, while productivity fell, but there is some good news

Stress levels at work have grown, while productivity fell, but there is some good news 0

by • News, Wellbeing, Workplace

Stress and anxiety treatments have doubled over a decade, while 44 percent of workers say the world around them has become more stressful and complex. In the ten years since Bupa launched its first Wellbeing Report; people are working an extra 15.4 million hours every week, but productivity remaining low. However, on a more positive note, more employees than ever are prepared to talk about mental health issues with their employer. The research, which coincides with the launch of the Bupa Wellbeing Edit – a report into the key themes in workplace wellbeing, which includes insights from business and wellbeing experts, shows the number of people receiving mental health treatments has increased by 53 per cent in the last decade. Treatment for stress and anxiety have more than doubled over the last 10 years, which now stand at just under 70,000. However, although working longer hours has contributed to higher stress levels, the analysis based on businesses of all sizes, suggests that employers’ openness towards mental health is also increasing levels of self-reporting.

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Self-employed would value receiving sick pay above other benefits

Self-employed would value receiving sick pay above other benefits 0

by • Flexible working, News

UK micro-business owners and freelancers would be more interested in receiving sick pay than any other statutory benefit, according to new research carried out in collaboration between cloud accounting software firm FreeAgent and The Freelancer & Contractor Services Association (FCSA). A poll of nearly 900 UK micro-business owners conducted by FreeAgent and FCSA claims that sick pay provision is the benefit that self-employed workers would most welcome, coming way ahead of other benefits such as maternity pay, job seekers allowance and pension auto-enrolment. The survey claims that 76 percent of respondents currently do not have any method of providing sick pay, maternity/paternity leave, holiday or redundancy pay in their business. Projected across the country’s 5.2 million-strong micro-business sector, this potentially equates to millions of people working without the same kind of basic entitlements that employed workers have. Notably, people’s appetites for additional benefits varied depending on the structure of their business with sole traders more likely to value benefits (rating sickness provision 8.7 out of 10) compared to those working through their own limited companies who gave a score of 6.4 out of 10 for sickness provision.

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The onus is on employers to create working conditions that attract people

The onus is on employers to create working conditions that attract people 0

by • Comment, Facilities management, Wellbeing

Staff absenteeism is one of the most costly issues facing employers in the modern workplace. Absenteeism is defined commonly as an unscheduled, deliberate or routine absence from the workplace by employees. According to a new study by the Centre for Economic and Business Research (CEBR), people who regularly take days off are costing the UK economy billions each year, with the toll set to rise considerably over the next decade and potentially rising to £26bn by 2030.  The report also found that mental health issues are affecting 30-40 year olds who have to juggle various things such as home life, financial constraint and pressures from their day jobs and respective careers. Another recent study by AXA PPP healthcare found that over a third of employees living with a mental health condition (39 percent) are not open about it in the workplace. These findings highlight a clear disconnect between how employees are feeling and what their employers understand to be their state of mind.

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