Search Results for: economic

January 25, 2019

People who experience early redundancy have poor health in later life

People who involuntarily lose their job early in their career have poorer health in later life, according to new findings from the University of Kent in the UK and the University of Bamberg in Germany. Researchers, including Dr Olena Nizalova from the Centre for Health Service Studies (CHSS) within the School of Social Policy, Sociology and Social Research (SSPSSR) at Kent, set out to establish what the long-term implications of enforced unemployment are on individuals over the course of their life, particularly in later life.

January 23, 2019

Work’s not working; to be productive we need to get creative

by Zoe Humphries • Comment, Workplace design

Productivity in the UK workforce is dropping; output per hour fell 0.4 per cent in the last quarter of 2018 compared with the previous and grew just 0.2 per cent on the third quarter of 2017, according to the Office for National Statistics. Yet the UK workforce log the longest hours in Europe, working 42.3 hours per week on average. Clearly something isn’t lining up. So we must surely ask the question, what is going wrong and what can we do to improve the situation?

January 23, 2019

Most workers think robots could not do their jobs

by Neil Franklin • AI, News, Technology

Despite regular warnings about the potentially massive displacement of jobs as a result of the ‘Fourth Industrial Revolution’ of automation and artificial intelligence, a new, large scale survey of workers around the world suggests that a significant majority of them do not think the technology puts their own role in any kind of danger. The new report from SAP was presented this week at the World Economic Forum Annual Summit in Davos.

January 21, 2019

Robot delivery dogs, digital pollution, why tech firms like ping pong and some other stuff

by Mark Eltringham • Features, Technology, Wellbeing

Today is officially* Blue Monday and instead of offering up an endless series of clickbait pieces telling you how to cope and make the day better for your colleagues, we’re turning our attention to more interesting things. Such as this recent piece arguing that our obsession with ‘millennials’ can cloud our perspective on more important issues about people, their characteristics, advantages and inequalities. It argues that birth dates are rather less important to people’s life chances than their background, individual abilities and structural issues in the economy and society. Who – as they say – knew?

January 21, 2019

Major new research projects will explore impact of management on productivity

by Neil Franklin • News, Wellbeing

A major new project led by the University of East Anglia (UEA) will examine how health and wellbeing practices can improve employee productivity. Working with research institute RAND Europe, based in Cambridge, it will look to identify which combinations of workplace health and wellbeing practices reliably improve worker health, wellbeing, engagement and performance – and deliver the best return on investment. More →

January 18, 2019

Regional office occupier markets enjoyed record breaking level of take-up in 2018

by Sara Bean • Cities, Facilities management, News, Property

There was a record-breaking rate of take-up within the regional office occupier markets outside of London and the South East in 2018, with few signs of Brexit-related uncertainty, according to an analysis by CBRE. Across the ten regional cities monitored by CBRE, provisional analysis shows that overall take-up reached nearly 7.3m sq ft. This level was 16 percent above the five-year average and 6 percent higher than 2017, the previous record-breaking year. The majority of regional office demand has again been driven by the business and professional services sectors. 2018 saw record take-up from flexible office operators across the UK, representing the leading portion of business services take-up. This was the year the co-working revolution surged into regional cities. Birmingham, Bristol and Glasgow were all stand out expansion locations. With more demand from flexible workspace operators – both from established and new entrants, further expansion is anticipated in 2019 albeit at a further pace as markets become more saturated.

January 14, 2019

The problem with predictions, the cult of Facebook, WeWork woes and some other stuff

by Mark Eltringham • Features

If it makes you feel better about Blue Monday (today – ‘officially’ the year’s glummest day), it also marks the closure of the Predictions Window in my view. If somebody still has an unpublished list of forecasts for the coming year on their specialist topic, they’ve missed their chance. At least with us they have. But not to worry, there’s a good chance they can trot most of them all out again next year and they’ll be just as relevant. Anything else can be quietly dropped.

January 11, 2019

Good managers shown to play a crucial role in enhancing worker performance

by Sara Bean • News, Workplace

Employers make extensive investments in their employees; investing in hiring and retaining workers that match the firm’s needs. Now new research summarized by Kathryn Shaw, Stanford University, USA suggests that the hiring and training of good bosses may carry even more weight when it comes to workers’ performance. The study in the new IZA World of Labor Report shows a good boss can enhance the performance of their employees and can lower the quit rate. Good bosses have some universal traits: they coach and teach and offer insight into the strategy of the firm. According to Shaw economists are increasingly finding better data to measure the effects of bosses on workers’ performance, as well as the sources of these effects. A recent study of workers in a large firm that performs technology-based service (TBS) jobs found that the move from an average quality boss to one in the 90th percentile raised worker productivity by six units per hour, on a mean productivity of ten units per hour. Thus, when workers move from an average boss to a high-quality boss, productivity could rise by 50 percent. The study also showed that workers were more likely to quit when faced with bad bosses.

January 7, 2019

Firms and their workers need to adapt more quickly to changing world of work

by Neil Franklin • Flexible working, News, Technology

Governments need to do more to help workers and firms adapt to the fast-changing world of work and drive inclusive growth, according to the new OECD Jobs Strategy. New evidence in the report claims that countries that promote job quantity, quality and inclusiveness – such as Denmark, Iceland, Norway and Sweden – perform better than those which focus predominantly on market flexibility. While flexibility and adaptability are essential to stimulate the creation of high-quality jobs in an ever more dynamic environment, the gains and costs need to be fairly shared between businesses and workers, according to the OECD.

January 4, 2019

CIPD highlights gap between ‘fat cat’ top earners and the rest of the workforce

by Sara Bean • News, Workplace

Just three days into the New Year, today (Friday 4 January), the UK’s top bosses will have made more than a typical full-time worker will earn in the entire year, according to calculations from independent think tank the High Pay Centre and the CIPD. The average (median) full-time worker in the UK earns a gross annual salary of £29,574, while the average FTSE 100 CEO, on an average (median) pay packet of £3.9 million, only needs to work until 1pm on Friday 4 January 2019 to earn the same amount. The £3.9 million figure was calculated by the CIPD and the High Pay Centre in their 2018 analysis of top pay and it marks an 11% increase on the £3.5 million figure reported in their 2017 analysis. The pay increase means that FTSE 100 CEOs, working an average 12-hour day, will only need to work for 29 hours in 2019 to earn the average worker’s annual salary, two hours fewer than in 2018.

January 3, 2019

Demand by global businesses for London office space remains high

by Sara Bean • Cities, Facilities management, News, Property

Office investment volume in Central London in 2018 is expected to come close to £20 billion, despite the ongoing economic and political uncertainties of Brexit. According to Savills London witnessed notably above average levels of office take-up in 2018 and achieved the best ever City of London rent (£80 per sq ft). The list of global businesses committing to long term leases has continued to grow with announcements in the last 12 months from Facebook, LinkedIn and Sidley Austin. The constrained development pipeline has seen more office pre-lets over 50,000 sq ft agreed in 2018 than ever before, while a shortage of available Grade A options has matured into a greater number of development opportunities. Savills also predicts a greater number of value-add and development opportunities coming to the market and that trading in London will insure the ongoing creation of the world’s best office buildings in a city where people will continue to want to work. This in turn creates new investment opportunities for global investors searching for prime assets.

December 18, 2018

Government’s new workplace reforms: the world responds

by Neil Franklin • Flexible working, News, Workplace

The UK government has introduced what it claims to be the most significant package of workplace reforms for 20 years in response to last year’s Taylor Report on working practices. The Good Work Plan has introduced a range of measures which the Government claims will improve the rights of agency and part time workers and discourage employers from indulging in unwelcome practices. The reforms are intended to stop businesses opting out of equal pay arrangements for agency employees and improve the conditions for gig economy workers generally, for example by giving workers details of their rights from the first day in a job, such as eligibility for sick leave, pay levels, maternity and paternity leave.