Search Results for: business

Getting back to the idea of a better future

Getting back to the idea of a better future

by • Comment, Technology

We may not be in control of what the future holds or able to predict it, but we should rediscover the hope that it will be better.  A recent edition of Jon Connell’s daily newsletter The Knowledge included this nugget: “Last month, I heard one of the world’s most successful fund managers admit that the charts and models he previously used “gave almost no clue” as to what to do with money now. (His one firm prediction, that the US dollar would weaken, has so far proved dead wrong.) Same with climate, with migration, with a business world about to be utterly transformed by AI. That, as much anything, will be one of the biggest questions of the coming years and decades: What do we do if we can’t predict the future?” (more…)

Artificial intelligence will boost short term headcount, claim half of employers

Artificial intelligence will boost short term headcount, claim half of employers

by • News, Technology, Workplace

More than half (54 percent) of Britain’s employers expect Artificial Intelligence (AI) technologies will have a positive impact on their staff headcount over the next two yearsMore than half (54 percent) of Britain’s employers expect Artificial Intelligence (AI) technologies will have a positive impact on their staff headcount over the next two years, according to a survey by Experis, a part of ManpowerGroup.  The survey of 2,000+ British employers also suggests that more than two thirds (69 percent) of businesses expect AI tools and technologies – including ChatGPT, Machine Learning and Virtual Reality – to have a positive impact on upskilling and reskilling, as well as on employee training (68 percent). 67 percent of British organisations anticipate a positive impact on employee engagement because of AI technology, and 60 percent think it can positively impact the onboarding process too. (more…)

Corporate real estate strategies are now people centric focused on new ways of working

Corporate real estate strategies are now people centric focused on new ways of working

by • Flexible working, News, Property

Corporate real estate decision-making and people-centric strategies are becoming more integratedCorporate real estate decision-making and people-centric strategies are becoming more integrated, according to CBRE’s 2023 European Occupier Survey. The report claims that 68 percent of organisations have partnered across multiple business functions including HR, IT and Communications when implementing workplace change strategies, indicating the importance of real estate decisions at a corporate level. (more…)

Flexible working means large firms plan to work with less but better office space

Flexible working means large firms plan to work with less but better office space

by • Flexible working, News, Property

Around half of the world’s larger multinationals are planning to cut back on their office estate in response to the rise of hybrid and flexible workingAround half of the world’s larger multinationals are planning to cut back on their office estate in response to the rise of flexible and hybrid working, according to a new report from Knight Frank. According to the study, 50 percent of employers with more than 50,000 staff worldwide will reduce their office space by between 10 and 20 percent over the next three years. However smaller firms are set to increase their demand for office space according to the real estate advisor. (more…)

Office refurbishments rise to all time high in London

Office refurbishments rise to all time high in London

by • Facilities management, News, Property

The volume of all London projects including both office refurbishments and new space is up by almost 80 percent, with the West End continuing to lead the wayAccording to the latest London Office Crane Survey from Deloitte, London has seen the highest volume of new office refurbishments since records began in 2005, with 37 new schemes covering 3.2 million sq. ft. The volume of all projects including both office refurbishments and new space is up by almost 80 percent, with the West End continuing to lead the way. The report claims that over 10 million sq. ft. is now projected to be delivered during 2023, with this year on track to catch-up after several years of disruption. (more…)

UK workers spend less time in the office than any other country, but still think it’s too much

UK workers spend less time in the office than any other country, but still think it’s too much

by • Flexible working, News

Workers in the United Kingdom spend less time in the office than any other country, however they want to further reduce their days further.Workers in the United Kingdom spend less time in the office than any other country, however they want to further reduce their days further. That is according to a new study from Unispace. The report, Returning for Good [registration], combines the results of a poll of 9,500 employees and 6,650 business leaders from 17 countries worldwide – found that just 34 percent of employees in the UK are in the office four or more days a week, less time than workers in any other country. (more…)

Surge in employee turnover suggest that the ‘Great Resignation’ is still with us

Surge in employee turnover suggest that the ‘Great Resignation’ is still with us

by • News, Workplace

A new report claims that the level of job turnover suggests that the so-called Great Resignation may be far from overOver the past year, 55 percent of working adults have either started a new job or are looking for one, according to a report [registration] published by insurance firm YuLife. The poll  suggests that a further 35 percent of working adults say it is likely they will consider changing jobs within the next year.  The report claims that these findings suggest that the so-called Great Resignation may be far from over. The report also claims that high levels of stress characterize the modern workplace, and businesses which proactively address employees’ concerns around stress and invest in their wellbeing benefit from reduced churn and turnover. (more…)

Mandatory use of AI technology dampens people’s enthusiasm for the stuff

Mandatory use of AI technology dampens people’s enthusiasm for the stuff

by • News, Technology

Teams with a positive inclination towards artificial intelligence experienced a dampening effect on their enthusiasm to collaborate when forced to use AI technologyTeams with a positive inclination towards artificial intelligence experienced a dampening effect on their enthusiasm to collaborate when forced to use AI technology, a new study has found. Researchers also found that teams with initial negative views about AI were in fact more likely to collaborate with AI when forced to use it. The research, which has been published in the academic journal Group & Organization Management, underscores the importance of trust in AI and how employers should introduce the growing technology into their businesses. (more…)

Four million UK employees have changed careers due to a lack of flexible working options

Four million UK employees have changed careers due to a lack of flexible working options

by • Flexible working, News, Wellbeing

New research from the CIPD suggests that an estimated 4 million people have changed careers due to a lack of flexible working optionsNew research from the CIPD suggests that an estimated 4 million people have changed careers due to a lack of flexible working options, while an estimated 2 million have left a job in the last year for the same reason. As a result, the CIPD is warning that businesses may face a talent exodus if they fail to offer more flexible choices to people. The CIPD’s latest report, which explores employee and employer perspectives towards flexible and hybrid working practices, highlights that offering them is key to retaining and attracting staff, addressing the current skills shortage and fostering inclusive workplaces. (more…)

Europe not on track to deliver carbon neutral built environment by 2050

Europe not on track to deliver carbon neutral built environment by 2050

by • Environment, News, Property

Europe not yet on track: one year on since EU Policy Roadmap launch to deliver a climate neutral built environment by 2050It has been one year today (24 May 2023), since the World Green Building Council (WorldGBC) launched a new policy called the EU Policy Whole Life Carbon Roadmap, to help the European Union accelerate total decarbonisation of buildings and construction — the most heavily emitting sector in the world. Now WorldGBC and 12 European Green Building Councils (GBCs) are imploring the EU to implement the Roadmap’s principles at the scale and speed required through the announcement of BuildingLife2, a new project driving what it claims is greater transparency and accountability across the sector as it seeks to achieve the goal of a carbon neutral built environment. (more…)

Unintended economic consequences of remote working becoming evident

Unintended economic consequences of remote working becoming evident

by • Flexible working, News

New data suggests that office attendance in London has recovered strongly since the end of Covid restrictions, confounding predictions of remote working becoming the ‘new normal’New data suggests that office attendance in London has recovered strongly since the end of Covid restrictions, confounding predictions of remote working becoming the ‘new normal’, according to a new report from the Centre for Cities. However, recovery has stalled in 2023 and the report, London, Office politics: London and the rise of home working, co-authored with Professor Dan Graham and his colleagues from Imperial College and published in partnership with EC BID, addresses the possible economic risks of businesses adopting hybrid working permanently. (more…)

Three quarters of firms have now mandated some form of ‘return to office’

Three quarters of firms have now mandated some form of ‘return to office’

by • Flexible working, News

A new poll from Unispace claims that around 72 percent of companies globally have now mandated a return to office based workA new poll from Unispace claims that around 72 percent of companies globally have now mandated a return to office based work. However, many respondents also report losing key employees due to mandates, with recruitment also being impacted by enforced returns. The report concludes that companies are failing to recognise the drivers of workers’ reluctance to return to the workplace, and likewise, the opportunities and value that the physical workplace provides. (more…)

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