Search Results for: change

European banks are over-valuing commercial property, ECB report suggests

European banks are over-valuing commercial property, ECB report suggests

by • News, Property

 

An analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone's leading banks may be inflating the value of commercial propertyAn analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone’s leading banks may be inflating the value of commercial property, potentially obscuring the true state of their loan portfolios in a sector that is facing significant challenges. The analysis suggests that some banks are failing to properly account for the steep downturn in the commercial property market, which has been severely impacted by higher borrowing costs and weakened demand as businesses adjust to the post-pandemic economic landscape. More →

How can companies address the skills gap and ongoing talent shortage in their industry?

How can companies address the skills gap and ongoing talent shortage in their industry?

by • Company news

 

Employers can, however, take proactive measures to address these problems and thrive by implementing smart solutions and adopting innovative tactics like Employer of Record (EOR) services to acquire top talent and bridge the skills gapThe modern business landscape is facing a significant challenge: a growing skills gap and a persistent talent shortage across various industries. Companies are finding it difficult to find qualified candidates with the necessary skills to fill important roles as technology changes quickly and job requirements change. This talent shortage may hinder general productivity, growth, and innovation. Employers can, however, take proactive measures to address these problems and thrive by implementing smart solutions and adopting innovative tactics like Employer of Record (EOR) services to acquire top talent. More →

People can be so obedient in the workplace, they become Stepford Employees

People can be so obedient in the workplace, they become Stepford Employees

by • Comment, Workplace

The ‘Stepford Employee’ is a growing phenomenon in the workplace, where staff become overly agreeable, seldom ask questions, and rarely push boundariesThe ‘Stepford Employee’ is a growing phenomenon in the workplace, where staff become overly agreeable, seldom ask questions, and rarely push boundaries, hindering both their personal growth and their organisation’s success.  The term ‘Stepford Employee’ originates from the popular feminist horror novel, “The Stepford Wives”, which highlighted the dangers of subservience and docility for women. This growing trend in the world of work sees employees getting stuck in the status quo – not challenging leaders or pursuing professional growth. More →

Tech workers and young people will need a major skills upgrade if they are to keep up with AI

Tech workers and young people will need a major skills upgrade if they are to keep up with AI

by • AI, News

The vast majority (92 percent) of ICT roles are expected to undergo big changes as a result of advancements in AIThe vast majority (92 percent) of ICT roles are expected to undergo big changes as a result of advancements in artificial intelligence and the technology continues to transform the information and communications (ICT) sector according to a new report from tech giants, Cisco, Microsoft and Google. The AI-enabled ICT Workforce Consortium, led by Cisco has published the “Transformational Opportunity of AI on ICT Jobs” report, offering guidance on the areas for of concern for workers to reskill in response to the evolving job landscape. This transformation will impact professionals in 47 ICT roles, including cybersecurity, data science and software development, according to the report. More →

Working with AI drives innovation, but business leaders are sceptical

Working with AI drives innovation, but business leaders are sceptical

by • AI, News

Collaborating with AI increases the volume, diversity and detail of new ideas from business leaders according to a new poll from design consultancy IDEO.Collaborating with artificial intelligence increases the volume, diversity and detail of new ideas from business leaders according to a new poll from design consultancy IDEO. The survey also suggests that using AI to accelerate innovation rather than efficiency can increase growth by more than a third. In the study 1,000 business leaders answered a brief to design new products and services that could achieve both growth and sustainability objectives. Business leaders who received AI generated questions to help with ideation in response to the brief produced 56 percent more ideas, with a 13 percent increase in the diversity of ideas and a 27 percent increase in the level of detail compared to a control group who were not provided with artificial intelligence prompts.    More →

Cybersecurity and AI are biggest threats to business, say HR leaders

Cybersecurity and AI are biggest threats to business, say HR leaders

by • AI, News, Technology

New research from BT claims there is widespread anxiety among business leaders in the HR sector regarding the pace of technological change. In fact, 96 percent of HR company directors and executives report suffering from ‘bytemares’ – tech-related stress that’s severe enough to disrupt their sleep – with cybersecurity and AI coming up as the main sources of anxiety. With 74 percent of leaders in the sector agreeing that tech transformation is critical to the survival of their business, tackling this tech anxiety could result in a significant contribution to the growth of both the HR sector and the wider economy. More →

People and firms are shifting away from remote work, survey suggests

People and firms are shifting away from remote work, survey suggests

by • Flexible working, News

One of the most prominent findings from the report is the pronounced decline in both the practice and preference for remote workThere has been a recent significant shift in working habits and preferences among employees in the post-pandemic landscape, according to the fourth Commuter Census from Mobilityways. One of the most prominent findings from the report is the pronounced decline in both the practice of and preference for remote work. The survey of 10,325 participants suggests that 40 percent of people no longer engage in any form of remote work, despite a mere 15 percent of employees expressing a preference for this arrangement.  Only 26 percent of respondents would consider working from home as an alternative to their current commuting routine, marking a significant 42 percent drop from the previous year. More →

Getting the long term unemployed back into work will transform the economy, says Government adviser

Getting the long term unemployed back into work will transform the economy, says Government adviser

by • News, Workplace

He argues that this approach is essential to address the unsustainable welfare costs associated with the long term unemployed and to mitigate the "toxic" reliance on immigrationThe rising costs of welfare and the country’s increasing dependency on immigration have become significant concerns, prompting a call for reform from a prominent government health adviser. Alan Milburn, a former health secretary, has emphasised the need for individuals with long-term illnesses and others stuck in a cycle of long term unemployment to actively seek employment. He argues that this approach is essential to address the unsustainable welfare costs associated with the long term unemployed and to mitigate the “toxic” reliance on immigration for the workforce. More →

Accelerating the rise of the adaptable office

Accelerating the rise of the adaptable office

by • Company news, Workplace design

The growth of the adaptable office is one of the most obvious responses to the growing appetite for flexible working and agile property strategiesThe introduction of the Flexible Working Act is another sign that the concept of the ‘workplace’ has undergone a significant transformation. These shifts in work patterns, office usage and approach are all having dramatic knock-on impacts when it comes to the future of the physical infrastructure of the nation’s office environments, and the investor communities behind them. The growth of the adaptable office is one of the most obvious responses to the growing appetite for flexible working and agile property strategies. More →

Book review: Workspace Made Easy

Book review: Workspace Made Easy

by • Comment, Facilities management, Property, Workplace design

Workspace Made Easy by Kursty Groves and Neil Usher offers a step-by- step-guide through the complexities of creating and implement a workplace strategy from first principles through to occupying a space and changing it over timeThere’s a dog-eared, yellowing paperback on my bookshelf called Understanding Offices. Written by Joanna Eley and Alexi Marmot, it dates from 1995. It is a handbook for everybody who needed to know how to develop a workplace strategy during the infant phase of the digital and cultural revolution of the late 20th Century. I used to refer to it all the time, but now it serves mainly as a reminder of how much has changed over the past thirty years, and also how little. More →

Increase in social media use and ‘doomscrolling’ could affect mental health and productivity in Gen-Z workers

Increase in social media use and ‘doomscrolling’ could affect mental health and productivity in Gen-Z workers

by • News, Wellbeing

doomscrollingNuffield Health’s 2024 ‘Healthier Nation Index’ – a survey of 8,000 UK adults has highlighted how the young workforce is more social media obsessed than ever before. The study claims that social media use has increased for Gen-Z, with 16-24-year-olds spending over two hours a day doomscrolling on social media apps like TikTok, Instagram and Facebook per day (129 minutes), which is a seven percent increase and nearly ten minutes more a day than they were last year (119 minutes). This is four times the daily recommended amount for improved wellbeing. More →

The city and the office have much to teach each other

The city and the office have much to teach each other

by • Cities, Features, Workplace design

It’s common to hear people say that the boundaries between the traditional workplace and the outside world have become blurred but it might be closer to the truth to say that in a growing number of cases they have been eradicated and that the evolution of cities and offices is informed by a two way exchange of DNA. Whatever you might hear, these times are far from unprecedented. History has lessons for us both in terms of how we view the events of 2020 and how we might respond to them, including how we progress as a species and make our lives and the world a better place. In 1832, there was an epidemic of cholera in the UK’s towns and cities. In those with a population of 100,000 or more life expectancy was just 26 years. The reasons for this were picked up on by a government official called Edwin Chadwick as a member of the Poor Law Commission.   More →

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