July 17, 2019

Rise in employment led by self-employed and older workers

As with the last few months, the latest UK employment figures look like a sea of tranquillity. The number of people in work is up ever so slightly (setting another record), unemployment down slightly again (ditto) and earnings continuing to grow. After a couple of months where there were hints that the labour market might be cooling down, today’s figures suggest that it is heating up once more. However beneath the surface, the numbers highlight some big changes in employment trends – with two things in particular standing out. More →

July 12, 2019

A life after carbon for the built environment

by Peter Plastrik and John Cleveland • Cities, Environment, Features, Technology

A new urban model is emerging worldwide – transforming the way cities design and use physical space, generate economic wealth, consume and dispose of resources, exploit and sustain the natural ecosystems they need, and prepare for the future. This emerging new urban paradigm has profound implications for players who care about and depend on the design of a city’s built infrastructure – including architects, engineers, builders, real estate developers, and office building tenants. More →

July 12, 2019

Regional productivity gaps at near record high

by Neil Franklin • Cities, News

Differences in typical household incomes across the UK’s regions and nations have halved since their 1990 peak, but differences in productivity remain close to record highs, according to new research published by the Resolution Foundation. The report, Mapping Gaps, examines the relative economic performance of UK regions and nations since the 1960s, and the extent to which this has driven differences in household living standards. The report notes that regional inequality is a hot topic – particularly since the EU referendum exposed huge voting divides between London, Scotland and Northern Ireland, and the rest of the UK – and that the UK is one of the most unequal countries in the OECD when it comes to the relative economic performance of its regions and nations.

July 12, 2019

UK adults prioritise workplace culture over salary

by Jayne Smith • News, Workplace

Glassdoor has released a new survey that claims to measure sentiment around mission and culture in the workplace, along with the level of importance of both. Glassdoor surveyed over 1,000 adults in the UK (and a further 4,000+ in U.S., France and Germany) and, among key findings, claims 77 percent of people would consider a company’s mission and purpose before applying for a job there, and 57 percent say workplace culture is more important than salary when it comes to job satisfaction. More →

July 10, 2019

Large firms not investing enough in productivity

by Neil Franklin • News, Workplace

A new report claims that 86 percent of Britain’s largest businesses are worried about raising their productivity with two-fifths (39 percent) calling their productivity ‘very concerning’, but that they are investing just 0.25 percent of turnover in measures to improve it, less than they invest in telecoms. The report by the Centre for Economics and Business Research (CEBR) and Concentra Analytics also suggests there is a “spray and pray approach” to driving productivity caused by a lack of insight into the performance of people. More →

July 9, 2019

Fifth of people do not last a year in self-employment

by Neil Franklin • News

One-fifth of sole traders in self-employment don’t survive one year, and the majority don’t survive five, according to a new study from the Institute for Fiscal Studies (IFS). The analysis of HMRC tax records by researchers at the IFS was funded by the Office for National Statistics through the Economic Statistics Centre of Excellence (ESCoE) and the Economic and Social Research Council. More →

July 9, 2019

UK productivity continues to fall

by Neil Franklin • News

Labour productivity, as measured by output per hour, was down 0.2 percent in Q1 2019, when compared to the same quarter in 2018, according to Office of National Statistic (ONS) figures. These findings make Q1 the third consecutive quarter of contraction for UK productivity.According to the ONS, this sustained period of declining labour productivity represents a continuation of the UK’s ‘productivity puzzle’, with productivity since the economic downturn in 2008 growing more slowly than during the long period prior.

Despite occasional periods of growth, this sustained general pattern contrasts with patterns following previous UK economic downturns, when productivity initially fell, but subsequently recovered and returned to the previous trend rate of growth. However, movements in productivity were found to vary between industries, with the services industry recording labour productivity growth of 0.2 percent, while manufacturing productivity growth reduced by 0.9 percent, compared with the same quarter in the previous year.

July 8, 2019

Volkswagen to apply agile working at new Berlin campus

by Freddie Steele • News, Technology, Workplace design

Volkswagen has opened its new ‘We Campus’ in Berlin and claims that the agile working principles used in its design will transform the working lives and output of the 900 people at the facility. The campus will bring together about experts from Volkswagen and other firms who have previously worked at different locations. Volkswagen claims that the centre will be an essential part of what it calls the We ecosystem, which includes an electric car sharing service WeShare which has been launched in Berlin with 1,500 e-Golf cars. Volkswagen also plans to create new future-oriented jobs at the campus. More →

July 8, 2019

Flexible office demand in Paris almost double the global average

by Neil Franklin • Coworking, News, Property

Demand for flexible office space in Paris is almost double the global average, according to a report by Instant Offices. With demand for office space on the rise in Paris, serviced offices have seen a 26 percent increase while hybrid space has seen a 23 percent increase. While the city ranks fourth globally by the size of supply, Paris is considered to be one of the largest flexible office markets in Europe and ranks among the top 10 best start-up cities in the world. Alongside New York, San Francisco and London, Paris also remains one of the most expensive places to rent a desk. Despite this, demand in the city is on the rise as more large businesses choose flexible offices over conventional leases. More →

July 3, 2019

Gig economy and freelance workers would prefer secure work

by Neil Franklin • Flexible working, News

Freelancers, the self employed and workers in the so-called gig economy may like the flexibility but they would prefer a steady job, according to new research from the Centre for Economic Performance (CEP). The rise of non-traditional work arrangements is not due to workers wanting or demanding these jobs, but rather because they have no other choice the report concludes. What’s more, workers would agree to earn less in order to increase their employment security. The results come from analysis of data from over 4,000 UK and US workers, who were surveyed on their current work arrangements and the job attributes they most want. More →

July 2, 2019

FTSE firms on track to meet women on boards target

by Neil Franklin • News, Workplace

Firms in the FTSE 100 are on track to reach the target of 33 percent of women on boards by 2020 that was set by the Hampton Alexander Review. In its July update, the organisation reports that 27.5 percent of FTSE 250 board positions now held by women, up from 24.9 percent three years ago. The figures suggest that if progress matches the same gains made over the last 3 years, then FTSE 100 companies are on track to meet the 2020 target. Just under a third (32.1 percent) of FTSE 100 board positions are now held by women, up from 12.5 percent in 2011. More →

July 2, 2019

Fears about impact of AI now widespread

by Neil Franklin • News, Technology

A significant proportion of the global population is concerned about the use of artificial intelligence (AI), with scepticism about its use by business greater than its use by government, a poll published by the World Economic Forum suggests. According to the poll, which surveys the attitudes of over 20,000 people across 27 countries, 41 percent of respondents said that they were worried about the use of AI. This compares to 27 percent that disagreed and 32 percent that were undecided. When asked whether the use of AI by companies should be regulated more strictly than it is today, 48 percent of respondents said they agreed compared to 20 percent that disagreed. More →