Search Results for: business

Very few people say they enjoy their work, HP study suggests

Very few people say they enjoy their work, HP study suggests

by • News, Wellbeing, Workplace

Just 15 percent of UK knowledge workers say they have a healthy relationship with work, according to the latest findings from HP’s third annual Work Relationship IndexJust 15 percent of UK knowledge workers say they have a healthy relationship with work, according to the latest findings from HP’s third annual Work Relationship Index [registration]. The poll of more than 18,000 desk-based employees across 14 countries, including 1,300 in the UK, shows an 11-point fall from 2024 and a figure five points lower than this year’s global average. The report suggests that business leaders in the UK influence most of the factors shaping employee wellbeing, yet many workers feel their needs are not being met. Only 14 percent of respondents believe leaders show empathy, and the same proportion say leaders communicate transparently. At the same time, 41 percent feel their company prioritises profit over people, while 61 percent say expectations and demands have increased – the highest level across developed markets. (more…)

Not just cuckoo clocks. Why Switzerland is the world’s most innovative country

Not just cuckoo clocks. Why Switzerland is the world’s most innovative country

by • Business, News, Technology

Switzerland retains its long-standing position as the world’s most innovative economy, followed closely by the United States, Sweden, the United Kingdom, and SingaporeIn Orson Welles’ famous scene-stealing cameo in The Third Man, his character Harry Lime comes out with that (in)famous speech about Swiss culture. “In Italy for thirty years under the Borgias, they had warfare, terror, murder, and bloodshed, but they produced Michelangelo, Leonardo da Vinci, and the Renaissance,” he says. “In Switzerland, they had brotherly love, they had five hundred years of democracy and peace, and what did that produce? The cuckoo clock.” This does the Swiss a disservice in a number of ways, not least that a major new report claims that Switzerland is maintaining a long tradition as the most innovative country in the world. (more…)

Service charges rise as firms invest to encourage people to spend more time in the office

Service charges rise as firms invest to encourage people to spend more time in the office

by • Flexible working, News, Property

Office occupiers faced a 9 percent increase in service charges last year as landlords and managing agents invested more heavily in maintenance and amenities to encourage people back into workplacesOffice occupiers faced a 9 percent increase in service charges last year as landlords and managing agents invested more heavily in maintenance and amenities to encourage people back into physical workplaces. The findings come from BDO’s latest PropCost benchmarking report, which tracks more than £600 million of expenditure across over 1,000 commercial properties. The data shows the average cost increase for offices followed a 15 percent rise the previous year, underlining the pressure on both landlords and tenants from higher running costs. (more…)

Mitsubishi Estate announces £800 million London Southbank mixed use development

Mitsubishi Estate announces £800 million London Southbank mixed use development

by • News, Property

The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.Mitsubishi Estate has announced plans to invest £800 million in the redevelopment of the former ITV Studios site on London’s South Bank, a project that is expected to create 4,000 jobs and provide significant new space for the capital’s creative industries. The Japanese developer will deliver a 600,000 sq ft mixed-use scheme, to be called Vista, which will combine offices, studios, galleries and exhibition areas. As part of the development, 40,000 sq ft has been allocated as affordable workspace for creative businesses, a measure intended to support start-ups and smaller firms in the sector.

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Young people aren’t lazy or disloyal. They just expect different leadership

Young people aren’t lazy or disloyal. They just expect different leadership

by • Comment, Workplace

As they join the workforce in greater numbers, this new cohort is helping to redefine what work and leadership meanFor decades, the idea of a “good job” was measured with a simple formula: a stable contract and competitive salary. That rule does not seem to hold in the same way for Generation Z, broadly understood as those born between 1995 and 2010. As they join the workforce in greater numbers, this new cohort is helping to redefine what work and leadership mean. Salary still matters, of course, particularly when it comes to gaining independence in a time of high living costs, but many young people no longer see pay as the decisive factor in choosing or staying in a job. Instead, they are attentive to whether companies are genuine in their values, whether their work carries purpose, and whether employers are aware of their social impact. (more…)

Global commission on healthy indoor air launches at United Nations

Global commission on healthy indoor air launches at United Nations

by • Facilities management, News, Wellbeing, Workplace design

The Global Commission on Healthy Indoor Air has been formed to drive action on indoor air qualityA new international initiative was launched in New York during Climate Week to address what experts describe as one of the most overlooked public health issues of our time. The Global Commission on Healthy Indoor Air has been formed to drive action on indoor air quality, bringing together nearly 170 leaders from over 30 countries across health, academia, business and the built environment. The Commission was announced at a United Nations side event and is backed by the International WELL Building Institute. Its members include former United States Surgeon General Dr Richard Carmona, leading scientists and researchers, deans of major universities, as well as executives and sustainability leaders from real estate, technology, and manufacturing. Architecture, engineering and building science are also strongly represented, reflecting the cross-disciplinary nature of the challenge. (more…)

AI generated ‘workslop’ is destroying productivity, say researchers

AI generated ‘workslop’ is destroying productivity, say researchers

by • AI, News

Workslop is a new term for the flood of low quality content and outputs produced by employees leaning too heavily on generative AIA new analysis published in the Harvard Business Review suggests that the rapid adoption of artificial intelligence tools is undermining productivity in many workplaces rather than improving it. The article introduces the idea of “workslop”, a term used to describe the flood of low quality content and outputs produced by employees leaning too heavily on generative AI systems. According to the research, the number of organisations adopting AI has risen sharply in the past two years, with many leaders assuming the technology would deliver immediate efficiency gains. Yet a study from MIT Media Lab cited in the article found that 95 percent of organisations have seen no measurable return on their investment in AI. Instead of freeing people from routine tasks, many firms are finding that AI is creating new layers of work. Drafts, reports and proposals generated by software are often superficial, incoherent or riddled with errors, requiring staff to spend additional time correcting or recreating them. (more…)

Revolut opens new London HQ as part of long term plan for the UK financial services sector

Revolut opens new London HQ as part of long term plan for the UK financial services sector

by • News, Property

Fintech firm Revolut has announced the opening of its new global headquarters in London, underlining a week that has seen more than £110 billion committed to the UK financial services sector.Fintech firm Revolut has announced the opening of its new global headquarters in Canary Wharf, in a week that has seen more than £110 billion committed to the UK financial services sector. The company confirmed it will invest £3 billion over the next five years and create around 1,000 new skilled jobs. (more…)

Carbon capture could help turn CO2 into fuels, chemicals and building materials

Carbon capture could help turn CO2 into fuels, chemicals and building materials

by • Environment, News

The report, Defossilizing Industry: Considerations for Scaling-up Carbon Capture and Utilization Pathways, outlines how industries could transform captured carbon dioxide into fuels, chemicals and building materialsA new report from the World Economic Forum warns that current plans for carbon capture and utilisation (CCU) fall well short of what is needed to meet global climate goals. The study, launched today in collaboration with Wood Mackenzie, concludes that planned CCU projects represent only around six percent of the scale required by 2040 to align with international targets. The report, Defossilizing Industry: Considerations for Scaling-up Carbon Capture and Utilization Pathways, outlines how industries could transform captured carbon dioxide into fuels, chemicals and building materials, creating new markets while cutting emissions. It argues that CCU has the potential to convert carbon from a liability into an asset, generating jobs and value chains across multiple sectors. However, it warns that without stronger policy signals and investment, the opportunity will remain unrealised. (more…)

AI is actually adding to people’s workloads, increasing burnout fears

AI is actually adding to people’s workloads, increasing burnout fears

by • AI, News, Wellbeing

The survey from Resource Guru suggests that one in five UK agency workers believe AI has increased the amount of work they do, fuelling concerns about burnout in an industry already known for long hours and client pressureAgency staff say artificial intelligence is adding to their workloads rather than reducing them, according to a new poll. The survey from Resource Guru suggests that one in five UK agency workers believe AI has increased the amount of work they do, fuelling concerns about burnout in an industry already known for long hours and client pressure. The report challenges the common assumption that AI automatically speeds up delivery and cuts costs. Instead, respondents highlighted new layers of hidden work, including drafting detailed prompts and templates to generate usable material, fixing errors in AI outputs, and managing compliance and client expectations. Much of this extra work is unrecognised, with clients often assuming AI should make services faster and cheaper. (more…)

Bloom: Modular comfort for modern workspaces, introduced by Ocee and Four Design

Bloom: Modular comfort for modern workspaces, introduced by Ocee and Four Design

by • Company news, Workplace design

The Bloom modular sofa system from Ocee & Four Design promises a new approach to flexible shared seating, perfect for modern workspaces - no matter how people like to workThe Bloom modular sofa system from Ocee & Four Design promises a new approach to flexible shared seating, perfect for modern workspaces – no matter how people like to work. With single-sided and double-sided seating options, Bloom invites conversation, collaboration and comfort from every angle. Made with 19 different modules, Bloom can adapt alongside the needs of any organisation – evolving with environments to keep pace with ever-changing commercial trends and demands. Featuring active seating zones integrated into the rear of single units, Bloom encourages spontaneous moments of pause. It is ideal for informal interactions in modern workspaces, hospitality and public settings. (more…)

Hybrid working is here to stay. Squawk

Hybrid working is here to stay. Squawk

by • Comment, Technology, Workplace design

I hold to the idea that nobody knows what hybrid working is, by which I mean there is no universally shared idea about what it isIn his recent book, The Constitution of Knowledge, the author Jonathan Rauch argues that knowledge consists of something about which nearly everybody can agree, and which has been arrived at by a structured, ongoing and benign process of debate and discovery. Without this social architecture, things unravel and sometimes in catastrophic ways. The undermining of knowledge and the processes that lead to it has been one of the defining characteristics of authoritarians for the entirety of human history. They know if you can get people to believe absurdities, you can get them to commit atrocities. Or at least shut up and let you get on with the business of despotism. (more…)

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