November 14, 2022

Investment in real estate upgrades stalls in face of economic and business challenges

Research by ULI and PwC claims that nearly half of Europe’s real estate leaders are concerned about buildings becoming obsolete in the next five years in the face of long-term upheavals in demographics, climate change, technology and lifestyles. Most of the 900 or so industry leaders that participated are making long-term resources available to address the fit-for-purpose agenda. However, the challenging business environment has reshuffled priorities to financing and high construction costs, and scarcity of resources has made real estate renewal more expensive to achieve, consequently delaying much needed investment. (more…)

November 3, 2022

Flexible working takes a step back in face of economic certainty

by Jayne Smith • Flexible working, News

As economic storm clouds gather, the flexibility and freedoms introduced during the pandemic that employees benefited from are now at risk according to a new study conducted by LinkedIn. It claims that in the UK, the current economic and business climate is causing concern among business leader that companies will be forced to wind back progress on important areas of working life such as flexible working (75 percent), skills development (76 percent), and employee wellbeing (83 percent). (more…)

October 20, 2022

Economic uncertainty kills talk of quiet quitting and the great resignation

by Neil Franklin • News, Workplace

In spite of all the talk of a ‘great resignation’ and ‘quiet quitting’, more than three quarters of British workers (81 percent) are planning to ride out the recession with their current employer. This is in spite of the fact that nearly half (46 percent) say that they’d like to change jobs, according to a new poll from people analytics company Visier. When asked why they wouldn’t be keen to change job roles during a recession, concerns over job security in a new role (57 percent), having to settle for a lower salary compared to a current role (42 percent), and increased competition for current vacancies as a result of increased redundancies (28 percent) were cited as the leading reasons. (more…)

June 9, 2022

Digital transformation of small businesses could provide massive economic boost

by Jayne Smith • News, Technology

The new Digital Britain [automatic download] report from Sage claims that over half of Britain’s economic potential from tech adoption is as yet untapped. But ongoing concerns amongst small and medium sized business about cost, skills and knowledge are holding them back from taking on the digital transformation that will ensure their success and provide a massive boost to the economy. The report claims that the use of technology by small and medium businesses (SMBs) contributes £216 billion to the UK economy; but if SMBs unlock the full benefits of technology, this could add an extra £232 billion, boosting the value of tech use to the UK economy by almost double to £448 billion annually. (more…)

May 24, 2022

Disabled workers to get their own mentor programme from World Economic Forum

by Neil Franklin • News, Workplace

The Valuable 500, which claims to be the largest network of global CEOs committed to disability inclusion, has announced the launch of Generation Valuable, a programme designed to accelerate opportunities for disabled workers to join the boardroom. Generation Valuable plans to connect and incubate C-Suite talent with disabled talent. Over 1.3 billion people across the world live with some form of disability yet, according to Return on Disability, only 4 percent of businesses are focused on making offerings inclusive of disabled people. Moreover, research shows that minority talent faces promotion barricades just below the Executive rung. (more…)

April 20, 2022

Economic inactivity hits record high amongst men aged over 50

by Jayne Smith • News

Economic inactivity levels amongst men aged 50-64 in December 2021 to February 2022 were the highest since records began, according to new analysis from Rest Less. The firms analysed labour market data from the Office of National Statistics and found that economic inactivity levels amongst men aged 50-64 reached 1.47 million in the latest official figures – the highest they have ever been since records began in 1992. The economic inactivity rate amongst this demographic reached a nine-year high and is now at 23.1 percent. (more…)

January 21, 2022

Employment opportunities denied to people from low socioeconomic backgrounds

by Neil Franklin • Jobs, News, Workplace

Over 50 percent of UK job seekers from low socioeconomic backgrounds miss out on employment opportunities, claims a study of over 2,200 people. The survey (registration), from EdTec startup Forage suggests that employers must refine their social mobility initiatives to achieve a fair recruitment process for all. (more…)

May 25, 2021

Public concerned about risk of unemployment, day to day living costs, and economic growth

by Jayne Smith • News, Working lives

A large majority of the public are concerned about rising unemployment (82 percent), day to day living costs (80 percent), and low economic growth (77 percent), according to a PwC survey of 2,000 people across the UK. Pandemics and other health crises (84 percent), cyber crime (82 percent), and climate change (81 percent) were other key concerns according to the research, which looks at the UK public’s attitude to risk.
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February 18, 2021

Self-employed workers and side hustlers to drive the UK’s economic recovery

by Jayne Smith • Business, News

Research released by Mettle and YouGov estimates that the UK’s growing self-employed and side hustler movement will contribute an estimated £125 billion in turnover to the UK’s economic recovery in 2021. Furthermore, small and medium-sized businesses (with 1-49 employees) are estimated to contribute approximately £310.46 billion. (more…)

December 11, 2020

Firms must take a more ethical approach to technology, says World Economic Forum

by Neil Franklin • News, Technology

The World Economic Forum has launched a new report which sets out to define how organisational leaders can influence their companies and encourage the responsible use of technology and build ethical capacity. Eth ics by Design” – An Or ganizational Approach to Responsible Use of Technology claims to integrate psychology and behavioural economics findings from interviews and surveys with international business leaders. It aims to shape decisions to prompt better and more ethical behaviours. The report promotes an approach that focuses less on individual “bad apples” and more on the “barrel”, the environments that can lead people to engage in behaviours contrary to their moral compass. The report outlines steps and makes recommendations that have proven more effective than conventional incentives such as compliance training, financial compensation or penalties. (more…)

November 24, 2020

Digital skills gap poses major economic threat, Microsoft study claims

by Neil Franklin • News, Technology

The UK’s digital skills gap could pose a risk to economic recovery, new research from Microsoft claims, with over three-quarters of UK leaders citing a large digital talent pool as essential to driving UK competitiveness. The study, Unlocking the UK’s potential with digital skills, was conducted in partnership with Dr Chris Brauer at Goldsmiths, University of London to assess the UK’s skills gap and provide practical guidance for organisations on how to tackle it. It predicts the rise of a “Next Gen Worker” that is empowered by low-code and no-code technology, but also finds that a failure to embrace technological skills could leave companies struggling to compete on the global stage. (more…)

September 17, 2020

Second cities safeguard the UK from future economic crises

by Jayne Smith • Environment, News, Technology

Singapore, Helsinki and Zurich have come top in the 2020 Smart City Index, a study carried out by the Institute for Management Development (IMD). In a year that saw many European cities fall in the rankings, London, managed to jump five places compared to 2019, though it still stayed well outside of the global top 10 at 15, followed closely by the UKs second cities. (more…)