Search Results for: economic

Critical industries at risk of collapse as people shun key worker jobs

Critical industries at risk of collapse as people shun key worker jobs

critical industriesSectors critical to putting food on the table and looking after the health of people are on a cliff edge as working age adults shun many of the essential jobs in critical industries that keep the UK running – from food production and logistics to health and social care. That’s according to new research from skills development organisation, City & Guilds. The research finds that despite key workers seeing the nation through the pandemic, the UK’s most vital industries are being threatened by growing skills shortages, as poor reputations and concerns about low pay turn off potential new recruits. More →

Workplace culture needs a rethink in line with employees’ changing priorities

Workplace culture needs a rethink in line with employees’ changing priorities

workplace cultureConsiderable job insecurity and uncertainty has pushed companies to rethink their workplace culture to meet employees’ new needs, priorities, and expectations, according to the annual Fjord Trends report from Accenture. According to the report, nearly two years of social, economic and employment disruption has resulted in a collective shift in people’s relationships with work and employees are re-assessing what they want and expect from a company culture and employee value proposition. This means enhancing workplace flexibility, benefits packages, and greater employee care and compassion will continue to be notable trends in 2022, creating both challenges and opportunities for businesses looking to retain and recruit talent. More →

Firms that invest in sustainability are more resilient, research claims

Firms that invest in sustainability are more resilient, research claims

resilience and sustainabilityInvesting in sustainability increases the resilience of small and medium-sized enterprises (SMEs) because they become more creditworthy, according to new research conducted by Vlerick Business School and commissioned by ABN AMRO.  Although large companies are under scrutiny from regulators, consumers and the media to become more sustainable, the sustainability transition is unachievable without the involvement of SMEs. Especially since SMEs constitute more than 60 percent of the value-adding economic fabric in Europe. More →

Urban and real estate recovery driven by talent and innovation focused firms

Urban and real estate recovery driven by talent and innovation focused firms

real estate recoveryInnovation-oriented industries and talent concentration are driving urban and real estate recovery, with notable hot spots in parts of the US, Europe and Asia, according to JLL’s new report, Innovation Geographies (registration). The authors claim that cities that perform best on these measures will be best positioned for economic growth post-pandemic, demonstrating a strong link between innovation, talent ecosystems and real estate performance. More →

Hybrid working? Let’s put on a show

Hybrid working? Let’s put on a show

hybrid working performanceI’m currently rereading Art Kleiner’s masterful book The Age of Heretics which describes the history of ground-breaking thought in management in the 20th Century and the lessons we forget. It remains a relevant book for the new era of ‘hybrid working’ because the book draws a distinction between two fundamental schools of thought in management theory. One of these sees management as a numbers game in which people are inherently problematic and so must be directed what to do based on data and routines of desirable activity and behaviour. And the other sees people as well meaning, capable and adaptable with managers there to facilitate and channel their abilities and help them develop. More →

Cities need to open themselves up to Nature, report claims

Cities need to open themselves up to Nature, report claims

natural world in citiesCities contribute 80 percent to global GDP – but they also account for 75 percent of global greenhouse gas emissions. Integrating nature-positive solutions can help protect cities from growing risks associated with extreme weather while driving sustainable economic growth, according to a new study from the World Economic Forum. In collaboration with the Alexander von Humboldt Institute and Government of Colombia, WEF’s BiodiverCities by 2030 Initiative published a report addressing the urgency of cities’ untenable relationship with nature. The Initiative’s goal is to reverse this existential global threat and move forward with a plan that will result in cities and nature co-existing in harmony by the end of the decade. More →

Risk of job losses has been falling for years, but at a price

Risk of job losses has been falling for years, but at a price

job lossesDecades of declining change in the UK labour market has reduced the risk of damaging job losses, but also limited opportunities for pay-enhancing job moves, according to new research published by the Resolution Foundation for The Economy 2030 Inquiry. More →

Pandemic highlights the need for smarter, more adaptable offices and cities

Pandemic highlights the need for smarter, more adaptable offices and cities

pandemic and smart citiesThe coronavirus pandemic is a new experience for every one of us. It has changed life as we know it – at work, at home and for public interactions. As some countries start to ease restrictions on public life, how can we go back to ‘normal’ while still maintaining social distancing and feeling safe? How do we manage crowded public spaces like shopping malls, cinemas and restaurants? How do we optimize safety in our offices and factories? More importantly, how do we avoid shutting down entire cities and countries when the next pandemic hits? More →

Drawing on internal skills can help firms cope with Great Resignation

Drawing on internal skills can help firms cope with Great Resignation

internal skillsThe UK’s workforce is undergoing rapid transformation as employees’ expectations and motivations radically change. The impact of Brexit, COVID-19 and long periods of furlough have created a tidal wave of resignations across every industry. Workers are re-thinking career paths, work conditions and long-term goals after a turbulent 18 months; with one study finding that 38 percent of people are looking to change roles in the new year.  More →

Councils can meet net zero targets with help of building renovation

Councils can meet net zero targets with help of building renovation

Public Sector Estate and net zeroThe UK Green Building Council (UKGBC), together with the World Green Building Council, several European Green Building Councils, Climate Alliance and the Buildings Performance Institute Europe, has published a framework to support cities and local authorities to measure the impacts and wider benefits of building retrofit as a way of meeting their net zero targets. More →

Artificial Intelligence to guide organisations through new challenges

Artificial Intelligence to guide organisations through new challenges

artificial intelligenceThe World Economic Forum published the “Human-Centred AI for Human Resources: A Toolkit for Human Resources Professionals” to scale the responsible use of artificial intelligence in Human Resources (HR). The toolkit includes a guide covering key topics and steps in the responsible use of AI-based HR tools, and two checklists – one focused on strategic planning and the other on the adoption of a specific tool. More →

There are thirty-eight ways to win an argument, but this ain’t one

There are thirty-eight ways to win an argument, but this ain’t one

A painting of Socrates to depict the ways we have discussions about the workplace There are 38 ways to win an argument. That is according to the 19th Century German philosopher Arthur Schopenhauer who laid them out in an essay called The Art of Being Right. We’ve probably added a few more since it was published in 1896, but whatever we’ve come up with since probably works on the same basis. Despite the essay’s title, the stratagems are not actually about being right at all, but about winning an argument. More →