Search Results for: business

London’s law firms cut back on half of new leases as they rethink their real estate

London’s law firms cut back on half of new leases as they rethink their real estate 0

by • Facilities management, Flexible working, News, Property, Workplace design

The number of new leases taken up by the largest law firms in London fell by more than 50 percent last year, claims a new report from CBRE. The study of the 100 largest firms in the capital found that the firms are rethinking their real estate strategy in the light of new developments in flexible working, technology and the result of the Brexit referendum.  According to the report, the total space taken through new leases in 2016 was just under 500,000 sq ft – 55 percent down on 2015 and 36 percent below the 10-year average. The report found that no law firms had signed deals for more than 90,000 sq ft last year. The largest deal of 2016 was CMS’ leasing of 84,199 sq ft at Cannon Place ahead of its merger with Nabarro and Olswang, with lawyers from the three firms set to consolidate into one building.

(more…)

Post Brexit UK sets out its case at MIPIM 2017

Post Brexit UK sets out its case at MIPIM 2017 0

by • Cities, Features, Property

Cannes-based international real estate fair MIPIM has always been a magnet for cities, determined to extoll their virtues to investors, developers and occupiers, but this year the UK was in charm overdrive. Buoyed no doubt in part by the presence of the UK government’s Department of International Trade (DIT), waving its ‘open for business’ flag for UK PLC, many of the towns and cities that would normally have ploughed their own furrow, instead came together to leverage critical mass. So Bradford and Leeds combined, conurbations across the central belt conjoined on a Midlands pavilion, and so on. Whether it was panic or confidence, the net result was an unusually prominent UK presence, up a quarter on last year. Of course the UK is just one nationality among the 24,200 real estate and city professionals from 100 countries who come together in Cannes every March.

(more…)

Communication key to allaying employee concerns about automation

Communication key to allaying employee concerns about automation 0

by • News, Technology

Organisations need to strike a balance between capitalising on the benefits of automation and managing employee concerns, according to a study by Capita Resourcing. The research claims that whilst over half (54 percent) of UK organisations are already automating business processes once performed by people, employees are concerned about the social impact this will have on the workplace. The ‘Workplace More Human’ report claims that the majority of employees (67 percent) fear that the rise of robotics will make the workplace less sociable and friendly in the future. The biggest concerns around introducing more automation in the workplace were the loss of their job (36 percent), losing the social relationship with colleagues (27 percent) and having to reskill/train to do another job (23 percent).

(more…)

Over half of employees in small and medium firms regularly work unpaid overtime

Over half of employees in small and medium firms regularly work unpaid overtime 0

by • News, Wellbeing, Workplace

Long working hours are embedded into Small and medium sized firm’s (SME) culture, new research by AXA PPP healthcare has claimed, with 47 percent of employees in SMEs across the UK regularly working four or more hours of overtime per week, 27 percent of these putting in seven or more hours and for half (52 percent), the extra hours are unpaid. In addition, 22 percent of employees take fewer than 30 minutes for lunch, 19 percent have cancelled family time and 19 percent have missed a child’s event such as a school play due to working over and above their contracted hours. Over half (54 percent) of employees have continued to work after putting children to bed. With Britain’s small and medium sized firms making up 99.9 percent of the UK’s private sector businesses, employing nearly 3/5 of its workforce and accounting for 48 percent of the turnover this accounts for a lot of workers.

(more…)

Up to a third of UK jobs to be displaced by robots in near future

Up to a third of UK jobs to be displaced by robots in near future 0

by • News, Technology

The latest report to examine the disruptive potential of robots in the workplace has been published by PwC as part of the firm’s regular Economic Outlook series. The study claims that up to 30 percent of existing UK jobs will be susceptible to automation by robots and Artificial Intelligence by the early 2030s, although in many cases the nature of jobs will change rather than disappear and the change will increase productivity and wealth. This is lower than the US at 38 percent and Germany at 35 percent, but higher than Japan at 21 percent. The report looks in detail at the composition of jobs in different industry sectors and occupations, using machine learning techniques to model the potential impact of AI in the future based on OECD data. The likelihood of automation appears highest in sectors such as transport, manufacturing, and wholesale and retail, and lower in education, health and social work.

(more…)

The digital revolution is polarising the labour market and increasing wage inequality

The digital revolution is polarising the labour market and increasing wage inequality 0

by • News, Technology

The increasing ability of machines to perform cognitive, physical, and social tasks has polarised labour markets by “hollowing out” demand for middle-skill jobs, claims a new report published by IZA World of Labor based on research from economist Michael Gibbs of Chicago Booth School of Business. It suggests that analytical, problem solving, and social and communication skills are likely to be most valued in employees in the future. The new report finds that the advance of technology has opposing effects on jobs. It facilitates automation, creating fewer and less motivating middle-skill jobs. Conversely, it complements social and innovation tasks, creating more interesting low- and high-skill jobs. This causes labour market polarisation, “hollowing out” demand for middle-skill jobs, and increasing wage inequality.

(more…)

Employers blame gender pay gap on career breaks and part-time work

Employers blame gender pay gap on career breaks and part-time work 0

by • Legal news, News, Workplace

Employers blame gender pay gap on career breaks and part-time work

Over a quarter (29 percent) of senior managers within UK enterprises do not see the gender pay gap as an issue for businesses and many believe the gap is partly due to  women’s personal career decisions, a new survey claims. Research by NGA Human Resources (NGA HR) found that despite the UK gender pay gap sitting at 13.9 percent, only 17 percent of decision makers surveyed believe that regulations on gender splits will reduce the divide. Nearly half (49 percent) of senior leaders in businesses blame the disparity on the fact that women are more likely to take career breaks or work part-time (42 percent) as the main factors for pay disparities. Other reasons given for the gender pay gap are the lack of representation of women in the overall workforce (20 percent) and fewer women in senior management positions (27 percent).

(more…)

Employers in industries reliant on overseas workers will be hardest hit by Brexit

Employers in industries reliant on overseas workers will be hardest hit by Brexit 0

by • News, Workplace

Brexit MigrationAccommodation and food services, manufacturing, and transport industries will be hardest hit by limits on movement of EU and non-EU workers following Brexit, a new report has claimed. The latest edition of Mercer’s Workforce Monitor has highlighted how reliant certain sectors of the UK economy have become on EU-born and non-EU born workers, as respectively, 33 percent, 23 percent and 20 percent of accommodation and food services, manufacturing, and transport are made up of non-UK-born nationals, meaning companies in those sectors, and those reliant on them, are especially at risk from the changes in the UK’s migration policy. According to Gary Simmons, Partner at Mercer, “Since 2013, the UK-born workforce has been declining as people retire and we can see how reliant certain industries are on overseas workers filling the gaps. The UK is likely to impose more stringent migration controls in the future and this will reduce the number of overseas workers available.”

(more…)

HR needs to help employers better prepare for the digitised workplace

HR needs to help employers better prepare for the digitised workplace 0

by • News, Technology, Workplace

HR needs to help employers better prepare for the digitised workplace

HR leaders must take responsibility for bridging the gap between leadership and employees to help ensure organisations deal with the challenge of an increasingly digitised workplace and create a shared sense of direction, values and collaboration, a new piece of research suggests. According to the report, ‘Leadership Connections: HR’s role in business transformation’ from Ipsos LEAD and Cirrus, HR leaders are the crucial drivers of transformation in UK businesses through their roles of promoting devolved decision making, employee engagement and collaboration. Figures have shown that while half of CEOs expect their industries to be substantially or unrecognisably changed by digital, as of late 2016 10 percent of employees claim to have seen no significant change in their organisations at all – according to MORI’s Representative Employee Data (RED). This presents a significant difference between what we are being told by senior leadership and what employees believe to be the case.

(more…)

Half of UK employers have now introduced wellbeing schemes 0

by • Flexible working, News, Wellbeing

Nearly two thirds (63 percent) of UK employees experience stress in their jobs, according to a new study of workplace wellbeing by Happiness Works on behalf of Robert Half UK. Of those who find their roles demanding, nearly one in 10 said their job was very stressful.  To address the high-levels of stress and other issues among employees, organisations are introducing wellbeing initiatives to support the physical and mental health of employees at work. Nearly half (48 percent) of businesses offer tools designed to promote wellbeing in the workplace, with one in seven providing stress management seminars or training and annual leave for personal and mental wellbeing. Other initiatives being introduced include counselling (17 percent), leaving work early on a Friday (17 percent) and limiting the amount of overtime that employees can do (11 percent).
(more…)

Artificial intelligence to go mainstream in the workplace by 2020, claims report

Artificial intelligence to go mainstream in the workplace by 2020, claims report 0

by • News, Technology

A new report by Tata Consultancy Services claims that 84 per cent of companies worldwide already see artificial intelligence as essential to their competitiveness while half see the technology as ‘transformative’. The study Getting Smarter by the Day: How AI is Elevating the Performance of Global Companies is based on interviews with 835 major businesses worldwide. It focuses on the current and future impact of Artificial Intelligence (AI) and found that the biggest adopters of AI today are, not surprisingly, IT departments, with two-thirds (67 percent) of survey respondents using AI to detect security intrusions, user issues and deliver automation. However, by 2020, almost a third (32 percent) of companies believe AI’s greatest impact will be in sales, marketing or customer service, while one in five (20 percent) see AI’s impact being largest in non-customer facing corporate functions, including finance, strategic planning, corporate development, and HR.

(more…)

1.3m people mainly choose to work in gig economy, but want basic employment rights

1.3m people mainly choose to work in gig economy, but want basic employment rights 0

by • Flexible working, Legal news, News, Workplace

Gig economy workers want basic employment rightsGig economy workers are as likely to be satisfied with their work as workers in traditional employment, according to a major new survey published today by the CIPD which provides the first robust estimate of the size of the gig economy. Currently, 4 percent of UK working adults aged between 18 and 70 are working in the ‘gig economy’, which means approximately 1.3 million people are engaged in ‘gig work’ according to ‘To gig or not to gig: Stories from the modern. The report, which is based on a survey of 400 gig economy workers and more than 2,000 other workers, as well as 15 in-depth interviews with gig economy workers found that nearly two-thirds (63 percent) believe the Government should regulate to guarantee them basic employment rights and benefits such as holiday pay. But the research also found that, contrary to much of the rhetoric, just 14 percent of respondents said they did gig work because they could not find alternative employment.

(more…)

«< 311 312 313 314 315 >»