Search Results for: economic

There never was a new normal

There never was a new normal

by • Comment, Flexible working, Wellbeing

Our strength will come in admitting that the ‘new normal’ was a mirage. It’s time that we all stopped focusing so hard on trying to reach it.Four years ago this month, we were all given our first ‘work from home’ mandate. A clear, unambiguous instruction from the UK government that, in the grip of a quickly spreading global pandemic, we should all work from home where possible. And amid the biggest seismic shift of our lifetime, it was an easy instruction to follow. Hunker down and wait patiently until we find a ‘new normal.’ But four years on, the question remains – are we nearly there yet? Are we ever going to find a ’new normal’? More →

Hybrid working helps women into senior management roles

Hybrid working helps women into senior management roles

by • Flexible working, News

The widespread adoption of hybrid working has opened the door for women to apply for senior positions within their companiesThe widespread adoption of hybrid working has opened the door for women to apply for senior positions within their companies, according to a new report released ahead of International Women’s Day. IWG’s 2024 report Advancing Equality: Women in the Hybrid Workplace, based on research among more than 1,000 female hybrid workers, found that flexible working had allowed over half (53 percent) to pursue promotions or apply for more senior roles  – which, in an encouraging move for advancing equality, rises to more than three in five (61 percent) of women from minority backgrounds. For almost three quarters (73 percent) of women in minority groups, flexible working has opened up new opportunities that they would not have had otherwise. More →

People have lost trust in AI already, and aren’t keen on innovation more generally

People have lost trust in AI already, and aren’t keen on innovation more generally

by • AI, News, Technology

The Edelman Trust Barometer claims to expose a rift that has become a factor in the polarisation of societies on the issues of AI, innovationThe 2024 edition of the Edelman Trust Barometer claims to expose a rift on the subjects of AI and innovation that has become a new factor in the polarisation of societies. Respondents, by nearly a two-to-one margin, feel innovation is being poorly managed; this is true across age groups, income levels, and gender, and in both developed and developing countries people are more likely to say innovation is poorly managed than well managed. Innovations have also become politicized, especially in Western democracies where right leaning individuals are far more likely than those on the left to reject them; the biggest differences between those on the right and left are in the U.S. (41 points), Australia (23 points), Germany (20 points), and Canada (18 points). More →

If you want to increase productivity, let an algorithm decide the incentives

If you want to increase productivity, let an algorithm decide the incentives

by • News, Workplace

Targeting workers with different incentive schemes based on their individual characteristics leads to greater performance and increased productivity and is much more effective than a one size fits all approachTargeting workers with different incentive schemes based on their individual characteristics leads to greater performance and increased productivity and is much more effective than a one size fits all approach, according to new research from Frankfurt School of Finance & Management and published in the Management Science Journal. To study the impact of targeted incentive schemes on performance, Timo Vogelsang, Professor of Accounting at Frankfurt School of Finance & Management, alongside colleagues from University of Cologne, ran two large-scale experiments with more than 12,000 participants on Amazon MTurk. More →

Major built environment institutes renew joint pledge to tackle global instability as cities boom 

Major built environment institutes renew joint pledge to tackle global instability as cities boom 

by • Cities, Company news, Environment

major built environment professional institutes, including architects, planners, structural engineers and landscape practitioners, have renewed their joint pledge to collaborate to tackle urgent global challengesWith almost 70 percent of the world’s population predicted to live in cities by 2050, major built environment professional institutes, including architects, planners, structural engineers and landscape practitioners, have renewed their joint pledge to collaborate to tackle urgent global challenges. Members of the UK Built Environment Advisory Group (UKBEAG), a group first launched in 2016 comprising the Royal Institute of British Architects (RIBA), the Royal Town Planning Institute (RTPI), the Institution of Structural Engineers (IStructE) and the Landscape Institute (LI), have committed to work together for at least another 5 years.  More →

New plans for public sector productivity ‘will deliver up to £1.8 billion worth of benefits by 2029’

New plans for public sector productivity ‘will deliver up to £1.8 billion worth of benefits by 2029’

by • News, Public Sector

The UK’s Chancellor of the Exchequer Jeremy Hunt has outlined plans to improve public sector productivity that the government claims will deliver up to £1.8 billion worth of benefits by 2029.The UK’s Chancellor of the Exchequer Jeremy Hunt has outlined plans to improve public sector productivity that the government claims will deliver up to £1.8 billion worth of benefits by 2029. The statement focuses on public sector productivity because the government says it is “an alternative to accepting an ever-increasing bill for public services as [it] sticks to its plan to move on from the high spending and high tax approach that was necessary to get the UK through the shocks of Covid and Russia’s invasion of Ukraine. A new focus is needed on the long-term decisions required to strengthen the economy and give people the opportunity to build a wealthier, more secure life for themselves and their family.” More →

People overestimate their ability to handle unknown situations

People overestimate their ability to handle unknown situations

by • Business, News

New research suggests that people tend to be overconfident in their ability to handle unknown situations, which has implications for business and entrepreneurship. A team of international researchers has shared findings on what they describe as overconfident behaviour, which can lead to negative outcomes in business and personal decision-making. Professor Mohammed Abdellaoui, lead researcher and professor at HEC Paris, and colleagues including Han Bleichrodt from the University of Alicante, Spain, and Cédric Gutierrez from Bocconi University in Italy, revealed that our own attitudes to uncertainty play a role in how we assess our own abilities. More →

Employee wellbeing advocate shortlisted for Veuve Clicquot Bold Awards

Employee wellbeing advocate shortlisted for Veuve Clicquot Bold Awards

by • Company news, Wellbeing

Francesca Brady, founder of AirRated who advocates for employee wellbeing and cleaner air in the workplace has been named as a finalist in Veuve Clicquot’s Future AwardsFrancesca Brady, founder of AirRated who advocates for employee wellbeing and cleaner air in the workplace has been named as a finalist in Veuve Clicquot’s Future Awards, the international awards programme celebrating businesswomen. Previous winners include Professor Dame Sarah Gilbert, the inventor of the Oxford AstraZeneca COVID vaccine and Jo Whitfield, CEO of Co-Op Food. Francesca’s work highlights the dangers of a polluted workplace, as research shows the link between pollution, cognitive decline, dementia and poor employee wellbeing and mental health. More →

Young people should be the main focus of mental health efforts (and your chance to use free flexible workspace for a day)

Young people should be the main focus of mental health efforts (and your chance to use free flexible workspace for a day)

by • News, Wellbeing

Young people are now more likely to experience a common mental disorder (CMD) than any other age group – a complete reversal compared to two decades ago when they were least likely to. And the economic consequences are greatest for those whose poor mental health comes alongside poor educational outcomes, with one-in-three young non-graduates with a CMD currently workless, according to new Resolution Foundation research. More →

Memories of the Office Age 

Memories of the Office Age 

by • Cities, Features, Working lives

memories of the office ageNo author uses the built environment like J G Ballard. In his 1975 novel High-Rise, the eponymous structure is both a way of isolating the group of people who live and compete inside it and a metaphor for their personal isolation and inner struggles. Over the course of three months, the building’s services begin to fail. The 2,000 people within, detached from external realities in the 40-storey building, confronted with their true selves and those of their neighbours, descend into selfishness and – ultimately – savagery.  More →

Cities worldwide are grappling with the delicate balance between nighttime charm and sustainability

Cities worldwide are grappling with the delicate balance between nighttime charm and sustainability

by • Cities, Environment, Features, Lighting

Cities worldwide, from London to Sydney, are grappling with the delicate balance between nighttime charm and prioritising sustainability. As well as the delights of daytime, cities around the world have long been defined by how their iconic landmarks come to life at night. Think of London’s illuminated riverside or Amsterdam’s canals lit up after dark. These vistas almost come to be synonymous with these places’ very identities. Aston Woodward, co-founder of asset management firm Oxygen also brings one of Australia’s best-known destinations into the mix. “Well-lit buildings at night in any city are attractive. Sydney is a good example and at night is dramatic. Many tourists as well as residents sit and admire a variety of size and colour and interactions generated from the buildings’ lighting.” More →

Employee turnover will skyrocket if firms monitor office attendance, says former EY leader 

Employee turnover will skyrocket if firms monitor office attendance, says former EY leader 

by • Flexible working, News

The so-called Big Four consultancy firms risk increasing their employee turnover and drastically lowering their retention if they continue monitoring office attendanceThe so-called Big Four consultancy firms risk increasing their employee turnover and drastically lowering their retention if they continue monitoring office attendance, says former EY leader and CEO of AM Bank, Dr. Nahla Khaddage Bou-Diab. The intervention follows news that professional services giant Ernst & Young is monitoring UK staff office attendance. More →

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