Search Results for: economic

Loneliness might hold back hybrid working productivity gains

Loneliness might hold back hybrid working productivity gains

lonelinessLoneliness is defined as the difficult emotion we experience when our need for meaningful social contact and relationships is not met, and it’s something we’ve all had experience of. Nearly half of the UK population have reported feeling lonely at times, with other research showing that 39 percent say their wellbeing was negatively impacted because they were lonely too. Why people feel lonely can be attributed to many reasons. Humans have a deep need for attention, warmth, and attachment to others. When such relationships end, or if someone finds themselves in an abusive or emotionally non-existent relationship, this can lead to elevated levels of loneliness. More →

London Tech Week kicks off with new Government announcements on future of tech

London Tech Week kicks off with new Government announcements on future of tech

london tech weekThe Government’s review into the future of computing and its new UK Digital Strategy were unveiled at the start of London Tech Week as the world’s technology leaders, founders and next generation of tech superstars gather in the capital to collaborate on the future of the industry. Opening day speakers included Darktrace CEO Poppy Gustafsson, Darren Hardman, VP & General Manager, AWS, Theo Blackwell MBE in conversation with New York City’s CTO Matt Fraser, Klarna CEO Sebastian Siemi?tkowski and The Body Coach CEO & Creative Director Nikki Wicks. More →

Is hybrid working the final cure for workplace woes or the beginning of something better?

Is hybrid working the final cure for workplace woes or the beginning of something better?

hybrid workingThis year’s World Workplace Europe saw 2022 hailed as the year of the worker. A worthwhile focus considering negative emotions are on the rise, with more depression, anxiety and loneliness plaguing society despite the claimed benefits of hybrid working. The pandemic robbed us of many things. It restricted our freedom for two years and forced us to live, love and work in a way that felt a little less human. But at least there was a sense of unity, working together for the common good, a mask-muffled cry of “all for one and one for all” as people considered how their actions would and could impact others. More →

To provide people with better indoor air quality, we need a major upgrade of buildings

To provide people with better indoor air quality, we need a major upgrade of buildings

indoor air qualityGovernment must seize the post-pandemic opportunity to mandate long-term improvements to infection control in commercial, public and residential buildings to improve indoor air quality, reduce the transmission of future waves of COVID-19, new pandemics, seasonal influenza and other infectious diseases, according to a report published by the National Engineering Policy Centre (NEPC). Infection control must also be coordinated with efforts to improve energy efficiency and fire safety, to support the three goals of safe, healthy and sustainable buildings. More →

Recruitment challenges are rooted in geopolitical unrest

Recruitment challenges are rooted in geopolitical unrest

recruitment challengesAccording to a new poll from SumTotal Systems 60 percent of learning and development professionals think the current wave of recruitment challenges have their roots in wider political and economic  upheavals. The report also claims that 65 percent of L&D professionals are concerned about their organisation’s ability to meet skills demand over the next 24 months, given the current UK economic outlook. More →

Change can make employees cynical so must be managed by effective communication

Change can make employees cynical so must be managed by effective communication

changeProviding clear, timely explanations and implementing an effective communications strategy can help minimise the damage to employee morale in the wake of adverse or significant change, new research from Aalto University School of Business and others suggests. Professor Marjo-Riitta Diehl and colleagues from Vlerick Business School, Católica-Lisbon School of Business and Economics, and University of Waterloo, discovered that workers vary in their level of attachment to the organisation that employs them and this affects how they react to major changes. More →

A third of UK office workers have no dedicated workspace at home

A third of UK office workers have no dedicated workspace at home

workspace at homeOver a third of UK office workers have no dedicated workspace at home, and only 6 percent have been trained for hybrid meetings, claims a new report from Leeds University Business School. The report is an interactive tool and suggests practical measures based on evaluation of stakeholders and employee interviews, industry workshops, cross-industry surveys of UK office workers, employee diaries and case study corporations. More →

Over-50s urged to return to work to deal with staff shortages

Over-50s urged to return to work to deal with staff shortages

over-50sThe British Chambers of Commerce has said employers and the Government need to work together to bring older people back into the workforce. According to ONS data,  around 500,000 older people have left the workforce in recent years, many of them prompted to do so by the pandemic. The number of over-50s who aren’t working or currently looking for work rose by 493,000 between October 2019 and December 2021. According to the Office for National Statistics, one in five did so due to stress or other mental health concerns. More →

How to prepare your business for the German Supply Chain Due Diligence Act

How to prepare your business for the German Supply Chain Due Diligence Act

German supply chain lawGlobal supply chains are incredibly complex, crossing multiple countries and borders. This complexity brings many challenges for businesses, including managing overseas suppliers, maintaining the flow of goods, and navigating currency fluctuations. One of the biggest challenges is the growing number of supply chain laws that companies need to understand and meet. More →

Small business owners continue to struggle with mental health

Small business owners continue to struggle with mental health

mental healthTwo out of five (40 percent) small business owners believe that their emotional recovery from the pandemic will take much longer than that of the financial disruption. And, according to a new study by Xero those investing in wellbeing initiatives were more likely to hold on to staff and grow revenues. Nine out of 10 (92 percent) small business owners experienced symptoms of poor mental health over the last two years, according to the study with the Centre for Economics and Business Research (Cebr) and Opinium. Professional responsibilities played a significant part, with more than half (52 percent) said that running their business has contributed to those symptoms. More →

Flat organisations are handing out inflated job titles to hang on to staff

Flat organisations are handing out inflated job titles to hang on to staff

job titlesWe’ve seen more talk of the glass ceiling in recent years than for some time, and part of the explanation is the way we’re creating false career ladders within businesses which don’t need to be there and don’t really lead anywhere. We are seeing companies trying to retain people in a time of skills shortages and one of the ways they are going about it is to accelerate ‘promotions’ within organisations for individuals to encourage them to stay. And some of these promotions do not involve much more than the creation of inflated job titles. More →

Why the over 50s are leaving the workforce in huge numbers

Why the over 50s are leaving the workforce in huge numbers

over 50s leaving workThe UK economy has a problem with its over 50s: following the COVID pandemic, they have been leaving the labour force en masse, causing headaches for businesses and the government. Roughly 300,000 more workers aged between 50 and 65 are now “economically inactive” than before the pandemic, leading a tabloid paper to dub the problem the “silver exodus”. Being economically inactive means that these older workers are neither employed nor looking for a job. Of course, it could simply be that workers saved more during the pandemic and can now afford to retire in comfort earlier than planned. More →