Search Results for: economic

People work through pain because they can’t afford the time off

People work through pain because they can’t afford the time off

A huge number of people are working through pain, with a quarter reported to be taking painkillers due to a work-related injury, a new poll suggests. The survey of 2000 British workers carried out by National Accident Helpline claims that a third of people are regularly working through pain as they cannot afford time off. More →

International report calls for collaboration on AI, highlighting both benefits and risks

International report calls for collaboration on AI, highlighting both benefits and risks

A landmark report claims to shed light on the double-edged sword of advanced artificial intelligence (AI)A landmark report claims to shed light on the double-edged sword of advanced artificial intelligence. Backed by over 30 nations, the International Scientific Report on the Safety of Advanced AI paints a picture of a technology brimming with potential benefits, but also fraught with potential risks if safety isn’t prioritized. This first iteration of the report, launched at the AI Safety Summit, fulfils a key commitment set forth during the historic Bletchley Park discussions and the subsequent Bletchley Declaration. More →

Government announces new digital hub for Manchester

Government announces new digital hub for Manchester

Manchester is poised to become a major player in the digital government landscape following a significant land deal announced this week. The Government Property Agency (GPA) has exchanged contracts with Manchester City Council (MCC) to acquire five acres of the former Central Retail Park in Ancoats, paving the way for the construction of the Manchester Digital Campus. More →

Inclusivity, sustainability and user-centric design dominate BCO South West Regional Awards

Inclusivity, sustainability and user-centric design dominate BCO South West Regional Awards

What are claimed to be the South West of England’s and South Wales’s most outstanding workplaces have been announced, with British Council for Offices Awards going to six office buildings across the region. Held at The Coal Exchange Hotel, the BCO’s annual South of England and South Wales Awards Dinner celebrated the high-calibre of the region’s offices in terms of design, fit-out operation and sustainability. More →

UK economy could get a £550 billion boost from AI by 2035, Microsoft claims

UK economy could get a £550 billion boost from AI by 2035, Microsoft claims

A new report commissioned by Microsoft suggests that the UK economy could see a significant boost of £550 billion by 2035 if the country embraces artificial intelligence (AI) and cloud technologyA new report commissioned by Microsoft suggests that the UK economy could see a significant boost of £550 billion by 2035 if the country embraces artificial intelligence (AI) and cloud technology. The report, titled Unlocking the UK’s AI Potential, claims to highlight several ways the technology can benefit the UK economy. These include increased productivity, improved public services, and the creation of new jobs. More →

Mastering GenAI: how to bridge skills gaps and boost employee confidence

Mastering GenAI: how to bridge skills gaps and boost employee confidence

The introduction of GenAI in the workplace means this skills gap is set to expandSix in ten employees will require training before 2027 according to the World Economic Forum, which estimates that the talent shortage will exceed 85 million people by 2030. The introduction of GenAI in the workplace means this skills gap is set to expand. In Udemy’s recent Global Learning & Skills Trends Report, we found that there are three key learning and skills trends for 2024. Firstly, we are seeing that companies are increasingly looking to hire based on skills rather than formal qualifications like degrees, as these hires more closely align with long-term strategic goals and are better equipped to upskill existing teams. More →

We must embrace AI for sustainable workforce transformation

We must embrace AI for sustainable workforce transformation

Some say AI will take on “80 percent of the jobs that exist today”, but history has shown that technological advancements have consistently led to the creation of new job rolesEach technological revolution has gotten faster; and the era of Artificial Intelligence is accelerating at an unprecedented rate—an intimidating prospect, given Musk’s recent prediction of AI surpassing human intelligence. Some say the tech will take on “80 percent of the jobs that exist today”, but history has shown that technological advancements have consistently led to the creation of new job roles, elevating the standard of living and improving overall productivity. More →

Firms growing concerned about increase in litigation

Firms growing concerned about increase in litigation

 

Seven in ten (71 percent) UK businesses are concerned about rising business litigation, with nearly three quarters (72 percent) reporting an increase in cases brought against their companies over the past five years and three in five (60 percent) anticipating a further rise over the next 12 months, according to a new poll from insurance broker Gallagher. The multi-sector survey of 764 business leaders claims to have found an upsurge in litigation is being driven by a number of factors, notably the rising cost of living (47 percent), economic instability (36 percent) and a more litigious UK society generally (35 percent). More →

Commercial real estate lending hits ten year low

Commercial real estate lending hits ten year low

New lending for commercial real estate fell 33 per cent last year to its lowest level since 2013, according to the latest bi-annual report from Bayes Business School, (formerly Cass). Researched and written by Dr Nicole Lux, Senior Research Fellow at Bayes Business School, City, University of London, the report also shows that a significant portion (42 per cent) of the £170 billion of loans outstanding will have to be refinanced within 12 months. Dr Lux expects that will cause ongoing stress in the market. More →

Commuting costs continue to put strain on office worker finances

Commuting costs continue to put strain on office worker finances

UK employees are suffering higher cost-of-living expenses, especially due to transportation costs and tensions may rise as many companies enforce return-to-office policies. That is according to the latest study conducted by Capterra on 248 U.K. employees, the majority (69 percent) say their work-related costs have increased over the past 12 months, especially the price of groceries (95 percent), utilities (85 percent), eating out (78 percent), and petrol (63 percent). More →

Wellbeing and flexibility are the keys to workplace success

Wellbeing and flexibility are the keys to workplace success

A new poll from BSI claims that employee health and employer flexibility are key elements to harness a future age-diverse workforce. Evolving Together: Flourishing in the age-diverse workforce considers how today’s business leaders think businesses and policymakers can respond to demographic changes to enable individuals to thrive and organizations to grow as greater numbers work beyond the age of 65. More →

European commercial real estate market stumbles in 2024

European commercial real estate market stumbles in 2024

Dreams of a swift recovery in Europe's commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline according to new dataDreams of a swift recovery in Europe’s commercial real estate market have been dashed as the first quarter of 2024 witnessed a continued slump, marking the seventh consecutive quarter of decline. That is according to data released by MSCI Real Assets which paints a concerning picture, with completed commercial property transactions reaching a mere €34.5 billion in the first three months – a 26 percent drop compared to the same period in 2023. This translates to the lowest transaction volume since the third quarter of 2010, with the number of companies buying and selling properties also hitting a 12-year low. More →