October 1, 2019
UK organisations risk falling behind global competitors unless they act now to accelerate their use of AI technology, according to a new report unveiled today by Microsoft UK. The report claims that organisations currently using AI are now outperforming those that are not by 11.5 percent – a boost that, in the face of unprecedented economic and political uncertainty, UK businesses can ill-afford to pass up, the authors suggest. (more…)
September 30, 2019
As artificial intelligence (AI) continues to infiltrate modern society, the benefits and pitfalls the technology receive almost peerless attention. The emergence of AI is of particular importance to how organisations might recruit, with clear signs that they are becoming more interested in the benefits it brings to their businesses.
September 30, 2019
The uptake of artificial intelligence by businesses will transform the UK job market in the near future and will create around 133 million new jobs worldwide. The findings come from a new report called Harnessing the Power of AI: The Demand for Future Skills (registration) from recruiter Robert Walters and market analysts Vacancy Soft. (more…)
September 26, 2019
Once upon a time the concept of ‘remote working’ beyond outsourced contractors was almost unheard of. Employers viewed remote work as an opportunity for workers to be less productive, out of contact and generally more inefficient. As an employer myself, I would have agreed with these misconceptions early on in my career. However, after many years of hiring staff that either work part- or even full-time remotely, I can confidently say the myths are unfounded; even I am now more prone to remote working. (more…)
September 25, 2019
Global life expectancy is growing at its fastest rate since the 1960s. Today, a 20-year-old has a 50 per cent chance of living to 100. Even if you are 60, you have an evens chance of reaching 90. A long life can be a gift, but of course it also has implications for how we live our lives and in particular how we plan to work and fund those extra years. Clearly there is a role for employers in creating work environments and flexible working cultures that recognise and maximise the potential of the 100-year life. (more…)
September 24, 2019
A new report from the IZA Institute of Labor Economics claims that working mothers serve as role models for the working lives of their children, especially their daughters. The report suggests that while the inter-generational correlation of labour market outcomes has been a subject of interest among both academics and policymakers for a long time, much of the literature has focused on the correlation of earnings. The new report argues that not only is the potential to earn transmitted across generations but also the willingness to work more generally. (more…)
September 24, 2019
Recent years have seen a widespread drop in global unemployment rates but what continues to puzzle economists has been the subsequent failure of wage inflation to follow suit. This has created an unusual phenomenon of wage stagnation across global markets, according to the eighth edition of the Hays Global Skills Index, a report into skills and the skills gap published by recruitment firm Hays in collaboration with Oxford Economics. (more…)
September 23, 2019
Two questions: is it good or bad that professional athletes earn 400 times what nurses do, and is string theory a dead end? Each question goes to the heart of its discipline. Yet while you probably answered the first, you’d hold an opinion on the prospects of string theory only if you’ve studied physics. (more…)
September 20, 2019
A new report from Owl Labs claims that although two-thirds of US workers now work away from their main place of work some of the time, there are still many people and organisations that are unaware of the benefits, processes and challenges involved in flexible working. The new report explores the effect flexible working has on personal happiness, recruitment, retention and skills as well as exploring the attitudes of people who are based in a fixed place of work.
September 20, 2019
One of the most talked about solutions to the UK’s seemingly intractable productivity deficit is the application of new technology. And as we begin to address the first challenges and opportunities presented by the Fourth Industrial Revolution, it grows more apparent each day that this is not merely a macro-economic issue, but something that affects us at an organisation and personal level too.
September 20, 2019
Despite acknowledging the importance of new skills, 45 percent of managers don’t feel confident in their ability to develop the skills employees need today, according to a poll by Gartner. In addition to a lack of confidence, Gartner research also claims that managers lack time to coach their direct reports, with managers spending on average 9 percent of their time on developing their direct reports. (more…)
September 26, 2019
The office of the future should be circular
by Phil Oram • Comment, Environment, Workplace design