Search Results for: economic

Jobs upheaval as world adapts to era of automation

by • AI, News, Technology

A new report from the Economist Intelligence Unit and UiPath claims that organisations around the world currently making extensive use of automation technologies, with 67 percent of UK business executives claiming to be satisfied satisfied with the results of their automation initiatives, 48 percent describing their organisation’s progress with automation as advanced, and 73 percent expecting their company’s operating costs to improve as a result of automating business processes. It is published on the same day as another report suggests that up to 20 million manufacturing jobs could be lost to robots across the world’s leading economies by 2030, replaced by a range of new jobs. More →

WELL Building Institute signs up for UN compact

WELL Building Institute signs up for UN compact

by • Environment, News, Wellbeing, Workplace design

The International WELL Building Institute (IWBI) has signed up to the United Nations Global Compact, the voluntary leadership platform for the development, implementation and disclosure of responsible business practices. The UN Global Compact sets out ten principles on human rights, labour, environment and anti-corruption. IWBI’s WELL Building Standard, a rating system for the creation of buildings and communities that aim to enhance human health and wellbeing, identifies in its standard how each of the Sustainable Development Goals (SDGs) are supported by WELL’s work. To date, over 2,100 projects have registered or certified nearly 400 million square feet of space. More →

Cultural issues hold back digital transformation

Cultural issues hold back digital transformation

by • News, Technology

New research from Oracle and the WHU – Otto Beisheim School of Management claims that many organisations have invested in the right technologies to enjoy the benefits of digital transformation, but lack the culture, skills or behaviours necessary to reap them fully. According to the report (registration), business efficiency increases by two thirds when the right technology is implemented alongside seven key factors but only by a fifth when implemented without them.

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London remains second most expensive office market

London remains second most expensive office market

by • News, Property

Hong Kong Central and London’s West End held onto their top spots in a ranking of the most expensive office market locations in the world at $322 and $220.70 per sq. ft. per year respectively according to the latest Global Prime Office Occupancy Costs report from CBRE. The ten most expensive markets were the same markets as last year, though several have changed positions within the top category. The biggest gainer within the top 10 was Midtown Manhattan ($196.89) in New York City, which climbed to the fourth most expensive market this year from the sixth last year. London City retained its number 10 position on the list at $139.75 per sq. ft. More →

Technology driving calls for four day week

Technology driving calls for four day week

by • News, Technology, Wellbeing

Four day weekA majority of European workers (57 percent) believe that technology will help to bring about a four day week in the near future as it improves their productivity and efficiency, according to new research from Ricoh Europe (registration) which looks at employee attitudes towards the continent’s ongoing productivity challenge. More →

Worker confidence in the UK jobs market falls

Worker confidence in the UK jobs market falls

by • News, Workplace

Confidence in jobs market fallsThe Monster Jobs Confidence Index, published for the first time by jobs board Monster.co.uk and the Centre for Economics and Business Research (Cebr), claims that workers and job seekers confidence in the UK labour market has dropped by 10 percent, from 77 percent to 67 percent. The report defines confidence as how an individual feels about their ability to find a suitable job in the short-term, realise their career potential and build a better future for themselves.

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AI is the biggest business disruptor on world stage

AI is the biggest business disruptor on world stage

by • News, Technology

UK Asis TechAI and its transformational effect on the global business landscape was the dominant theme on day one of the UK Asia Tech Powerhouse Conference. Transforming urban mobility thanks to rapidly growing cities, and how Asian cities are leading the march towards a digital future also featured in the first of the two-day event, with influencers from across trade, investment and technology, including Singaporean entrepreneur Annabelle Kwok and Mark Purdy, Accenture’s Group Chief Economist and Managing Director at Accenture Research. More →

Women and older workers drive record employment

Women and older workers drive record employment

by • News, Workplace

ONS says women and older workers helped drive record employment ratesThe number of people in employment in the UK increased by 32,000 to a record high of 32.75 million in the three months to April 2019, according to the latest Labour Force Survey (LFS) from the Office of National Statistics (ONS). This was driven by women whose numbers increased by 60,000 on the quarter to a record high of 15.46 million.

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C-suite reskills to face challenge of disruption

C-suite reskills to face challenge of disruption

by • News, Work&Place

c-suiteAn emerging super-group of employees and consumers in the UK is adding intense pressure to already challenged C-suite leaders who are navigating tough economic, technological and geo-political environments – further threatening company growth, a new Accenture (NYSE: ACN) study finds. With nearly three-quarters (73 percent) of these powerful stakeholders believing they have the potential to destroy company value in the long term, the C-suite understands the need to respond. More →

Sedus Stoll enjoys record breaking year

Sedus Stoll enjoys record breaking year

by • Company news, Workplace design

Sedus Smart Office

Sedus Stoll Group has announced another impressive set of financial results with an increase in revenue to €212.3 million (2017: €191.2 million), surpassing the €200 million milestone by a large margin for the first time in its history, and a profit of €9.8 million. As well as a 2.2 percent overall increase in the total market volume for its office furniture business, the firm enjoyed an increase in new orders of 5.3 percent, consolidating its position as one of the most successful and innovative firms in the European market. More →

Failure to understand employees creates culture of mistrust

Failure to understand employees creates culture of mistrust

by • News, Workplace

CEOs failure to understand employees creating a culture of mistrustEmployees trust their CEOs less than they did seven years ago, although trust in line managers remains the same, new research claims. It also suggests that one of the reasons for mistrust is that CEOs seem unable to understand the role of their employees and the contributions they make to working culture. According to Trust in Leaders, by The Institute of Leadership & Management, workers trust their CEOs considerably less than they did in 2011, as compared to then, the results show trust in CEOs has fallen by 8 percent.

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The far reaching impact of empathy in the workplace

The far reaching impact of empathy in the workplace

by • Comment, Workplace

The average career length is 50 years, and according to Gallup’s State of The Global Workplace report, during this time only 1 in 10 people are actively engaged. This illustrates that within the current landscape there is a need for companies to actively pursue strategies to better engage their employees. Embedding empathy in working culture is one way of achieving actively-engaged workers but it also has the added benefit of increasing productivity and business growth. This was revealed by a piece in the Harvard Business Review, which highlighted the top ten most empathetic companies outperformed the bottom ten by at least 50 percent in productivity, earnings and growth. More →

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