Search Results for: business

People in the West continue to express ambivalence about the metaverse

People in the West continue to express ambivalence about the metaverse

An illustration of a suited man using a headset to access the metaverseA new poll from law firm Gowling WLG claims to reveal a stark difference in attitudes in Western and Eastern nations when it comes to the metaverse. It claims that the technology is set to change how we work and socialise forever, and that early adopters like China and the United Arab Emirates are already reaping the economic benefits. The firm’s Immaterial World report compared attitudes towards the metaverse in six international markets. The research found that four-in-five (83 percent) Chinese consumers would consider taking part in virtual experiences, more than twice as many as in the UK (37 percent). (more…)

Over half of offices not set up to optimise creativity and productivity

Over half of offices not set up to optimise creativity and productivity

An image of a gorilla applying lipstick to symbolise shallow attempts at creativityA study from Unispace claims that the majority of workplaces are not set up to enable staff to work to their best ability. The results of the poll of 3,000 office workers and 2,750 employers across Europe, found that despite 78 percent of businesses stating that their office has been set up to enable staff to be creative and productive, over half (52 percent) of employers noted that creativity and innovation among their employees increased while work from home guidance was in place. Full findings can be found in Promoting workplace creativity and productivity [registration]. (more…)

Millions now able to request flexible working on day one of employment

Millions now able to request flexible working on day one of employment

Millions of employees will be able to request flexible working from day one of their employment, under new government plans to make flexible working the default. Flexible working doesn’t just mean a combination of working from home and in the office – it can mean employees making use of job-sharing, flexitime, and working compressed, annualised, or staggered hours. The raft of new measures will give employees greater access to flexibility over where, when, and how they work, leading to happier, more productive staff. Flexible working has been found to help employees balance their work and home life, especially supporting those who have commitments or responsibilities such as caring for children or vulnerable people. (more…)

Digital transformation projects rarely meet aims and expectations

Digital transformation projects rarely meet aims and expectations

A graphic of a man's head to illustrate the nature of digital transformation for workersNew research published by Boston Consulting Group (BCG) claims that while 94 percent of companies have big aspirations to deliver substantial and rapid impact from digital transformation, and companies plan to increase investment in digital transformation in spite of global economic headwinds, the majority of these projects fail to achieve their objectives. (more…)

Office sector net zero targets require significant shift in thinking

Office sector net zero targets require significant shift in thinking

An image of the Earth from space to illustrate what is at stake for the office sector, which is one of the main contributors to carbon emissionsA new report, Delivering Net Zero Carbon in the Workplace [BCO members only] produced by University College London Consultants (UCLC) for the British Council for Offices (BCO), claims to identify the barriers that businesses are facing as they strive to drastically reduce the carbon footprint of their offices. The report, informed by over 100 office occupiers and building professionals, outlines the measures that those working in the office sector can take to overcome these barriers at what the report suggests is low or zero cost. (more…)

Employees avoid telling employers about less visible disabilities

Employees avoid telling employers about less visible disabilities

The silhouette of a group of four people in an office window overlooking LondonTwo in five (43 percent) employees with a less visible disability haven’t disclosed it to their employer, according to a new poll.  The research from healthcare provider Bupa claims that not wanting to ‘cause a fuss’ (30 percent) or be treated differently (25 percent) were the key reasons for keeping their condition to themselves. Nearly a quarter of those affected (23 percent) haven’t told their employer about their condition due to worries that they wouldn’t be believed, while one in five (20 percent) expressed concerns that their disability might impact their career opportunities. (more…)

Cost of living will become biggest challenge for HR over the next year

Cost of living will become biggest challenge for HR over the next year

A new poll from employment law and HR consultancy firm, WorkNest, claims that 70 percent of HR professionals believe that the cost of living will be their most significant challenge for 2023. This was closely followed by retention (69 percent) and recruitment (55 percent). A third of those questioned also see skills shortages (34 percent) as a significant HR challenge next year, and employee engagement (24 percent).   (more…)

Majority of firms currently using technology to plug talent gaps

Majority of firms currently using technology to plug talent gaps

In the face of hiring and skills issues, 77 percent of UK organisations say they are finding ways for technology to do jobs formerly performed by people, according to a new poll from Rackspace Technology.  According to the survey, two thirds (64 percent) of UK companies are downsizing their staff, facilitated by technology, out of a necessity, with roles in customer service the most likely to be automated, as identified by 70 percent of business decision makers – followed by IT operations (62 percent), sales and marketing (57 percent), business operations (56 percent), and HR and admin (56 percent). (more…)

The roots of modern ergonomic seating go back to the late 19th Century

The roots of modern ergonomic seating go back to the late 19th Century

An illustration of how ergonomic seating can help people work in different waysAlthough the invention of the swivel chair – and by extension ergonomic seating – is largely credited to Thomas Jefferson, the roots of its industrialisation and our modern approach to ergonomics lie in Europe. It was here nearly one hundred years ago that Albert Stoll first introduced the world to the Federdreh, the legendary chair that is the common ancestor of every task chair that has followed. (more…)

Borderless working will erode company culture, bosses fear

Borderless working will erode company culture, bosses fear

A lighthouse to illustrate the challenges of working in isolation as a metaphor for borderless workingA poll from Perkbox claims that almost half of businesses moving towards more borderless working (47 percent) are concerned how the shift will impact their company culture. These concerns stem from perceptions around managing a globally distributed workforce and the challenges this can bring. For example, a third of business leaders (33 percent) say different time zones make collaboration less effective. Meanwhile ,31 percent state inconsistency in different employee expectations around benefits or working styles causes friction between borderless managers and their teams. (more…)

Lease cycle means West End office market will ‘reset’ by 2025

Lease cycle means West End office market will ‘reset’ by 2025

An ancient snakes and ladders game board to depict the vicissitudes of the office market in LondonA BNP Paribas Real Estate analysis claims that London’s West End office market is on course to ‘reset’ by 2025 following a major leasing event cycle commencing in 2023, which will see a flurry of renewals, expiries and break clauses executed by both landlord and tenant, which will alter the market as we know it by the milestone year.  According to the firm’s own West End data, 40 percent of the market will have a lease event in 2023 and 2024, with equally large volumes to follow in the two subsequent years. This freedom of tenant movement coupled with a restricted supply line, could drive rents on prime buildings from their current 2022 position of £140 sq ft to £200 sq ft in 2023 and £250 sq ft in 2024, and further into 2025 where the initial cycle ends. (more…)

Some work distractions can actually reduce stress levels

Some work distractions can actually reduce stress levels

Two people have a coffee to illustrate the value of some work distractionsPositive interventions that distract us from difficult tasks actually help to reduce our stress levels, according to new research published in the Journal Work & Stress. The study, conducted by an international team of researchers at WHU – Otto Beisheim School of Management and Trinity Business School suggests that short positive work distractions can help people to overcome daily demands like dealing with annoying emails or the tasks they dread. In turn, this allows them to be more engaged, creative, and helpful toward their coworkers. (more…)