Search Results for: economic

Artificial intelligence should have a clear ethical dimension, claims new government report

Artificial intelligence should have a clear ethical dimension, claims new government report

by • AI, News, Technology

While the UK is in a strong position to be a world leader in the development of artificial intelligence which would deliver a major boost to the economy, ethics should be at the heart of its development, according to a new report from the House of Lords. AI should never be given the “autonomous power to hurt, destroy or deceive” people, it adds. The Lords’ report called on the government to support businesses in the field. It also recommended that people be educated to work alongside AI in the jobs of the future. It said that such education would “mitigate the negative effects” on jobs which are possible as AI develops.

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How the UK car industry is driving the future of workplace design

How the UK car industry is driving the future of workplace design

by • Comment, Workplace design

The British car industry has grabbed numerous headlines since the Brexit referendum due declining car sales and the uncertainty of its economic and regulatory prospects. In spite of these mounting concerns, the industry continues to invest in the design of its workplaces, not only by creating inviting and engaging places to work, but also by integrating automotive approaches to design and construction into the work environment. As a result, these workplaces don’t just help car companies to stay competitive; they also provide new ideas for all sectors eager to build smarter and more efficient places to work.

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UK enjoys largest jump in productivity for a decade but challenges remain

UK enjoys largest jump in productivity for a decade but challenges remain

by • News, Workplace

Britain’s economy enjoyed uncharacteristically solid productivity growth in the last three months of 2017 to record its strongest six months in more than a decade, new official figures show. Economic output per hour worked rose by 0.7 percent in the fourth quarter of 2017 – above its long-run average though marginally less than estimated in February – and the third-quarter figure was revised up slightly to 1.0 percent. Together they show the strongest growth since the second half of 2005. British productivity has largely stagnated over the past decade and is commonly seen as a chronic challenge. Over the past 10 years Britain’s productivity growth has been the weakest since modern records began and appears to be the slowest since the early 1820s. Overall output per hour, a driver of living standards, is only 1.8 percent above the pre-financial crisis peak it reached at the end of 2007.

 

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Take up of shared parental leave is held back by cultural inertia

Take up of shared parental leave is held back by cultural inertia

by • Comment, Flexible working, Workplace

A recent report by the House of Commons’ Women and Equalities Committee, Fathers and the workplace, has brought into sharp focus the problems fathers have juggling participation in family life with their employment obligations. We are moving away from the traditional gender stereotypes of the father being the breadwinner and the mother being responsible for childcare. Today, many families have two parents in either full or part-time work, with dual income households being far more common now than just 30 years ago. The pace of technological change and the growing gig economy have both contributed significantly to this shift in working patterns. As a result, some of the UK’s laws are becoming outdated, as many laws were formulated on the assumption that it would usually be the woman within a family who would have responsibility for childcare.

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UK remains a world leader in technological innovation

UK remains a world leader in technological innovation

by • News, Technology

A new report from KPMG suggests that the UK is the third most dynamic global centre of innovation, disruption and technological development behind the US and China. KPMG’s 2018 Global Technology Innovation Report surveyed almost 800 global business executives to reveal the world’s top technology innovation hubs. Of those surveyed, 19 per cent named the UK as the third most promising market for tech breakthroughs behind China at 26 per cent and the US at 39 per cent.

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Employers should not write off older female workers quite so readily

Employers should not write off older female workers quite so readily

by • News, Wellbeing, Workplace

An ageing population and changes to the default state pension age mean employers need to better prepare for the needs of older women in the workplace, according to a study by Anglia Ruskin University published by the Chartered Institute of Personnel and Development (CIPD). With more and more women aged between 50 and 65 now employed, the research reviewed published literature to look into the experience of those workers and how their needs might change in the future.

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Local authorities and developers must work together to boost the quality of new developments, says Green Building Council

Local authorities and developers must work together to boost the quality of new developments, says Green Building Council

by • News, Property

The UK Green Building Council (UKGBC) has launched two new resources for developers and local authorities designed to help boost construction standards and improve ‘social value outcomes’.  The first resource is related to residential developments while the second is directly relevant to commercial property. The resource, Social Value in New Development, provides guidance for developers and local authorities to help deliver social value outcomes in new residential and commercial developments. The guidance looks at social value, its stakeholders, strategies for driving positive outcomes and measuring success, and the current barriers to delivery.

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Ageing population and low fertility rate is leading to European labour force shortage

Ageing population and low fertility rate is leading to European labour force shortage

by • News, Workplace

Ageing population and low fertility rate is leading to Europe's growing labour force shortage

Europe faces an increasing labour force shortage, which means that between 2017 and 2025, 184 out of 263 metropolitan areas from the EU-28 will record a negative growth rate in their working age population. According to a recent analysis by GlobalData this is due to a combination of lower fertility rates across most European Union (EU) countries, which is causing a reduction the growth rates of the youth population, while increased life expectancy is leading to a steady rise in the growth of the elderly population. But according to Ramnivas Mundada, Economic Research Analyst at GlobalData, ‘‘Measures such as increasing the levels of post-retirement employment opportunities, offering more support for women returning to the workplace and investing in youth employment, education and training could help to mitigate the impact of these demographic changes over the long term.’’

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Growing disconnect between pay and workplace effort, claims report

Growing disconnect between pay and workplace effort, claims report

by • Cities, News, Workplace

Exclusive polling undertaken by YouGov for Localis showed exactly half of those surveyed felt they were paid less than they deserved, a third (31 percent) paid roughly the right amount and 7 percent felt overpaid. The polling figures also indicated nearly two thirds (61 percent) of people felt unrewarded for hard work. The findings are contained in a report entitled ‘The Delivery of an Industrial Strategy – Raising prosperity across England’ which examines how strategic authorities, such as Mayoral Combined Authorities and county councils, can take the industrial strategy forward at a local level to raise local prosperity and living standards. More →

A growing number of employers are driving demand for independent professionals

A growing number of employers are driving demand for independent professionals

by • Comment, Workplace

A new industrial revolution is underway, with almost every organisation on the frontline. Executive leaders, notably HR Directors, are grappling with what this means for the structure and design of their companies and the composition of their people. Changing business models, new technologies to access people, skills and capabilities, are common threads, with widespread implications for workplaces. With more people working remotely, flexi-time and on contract, designing workspaces, for instance, has become more challenging. Economic challenges impact every business and reduce appetite for investment, notably in permanent full-time staff. But scratch below the shared surface and every situation is different.

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There are at least some reasons to be optimistic about the UK’s tech sector post Brexit

There are at least some reasons to be optimistic about the UK’s tech sector post Brexit

by • Comment, Property, Technology, Workplace design

Making detailed predictions about the economic consequences of Brexit has proved a mug’s game many time over the past couple of years. The most accurate summation of what is happening might be ‘mixed’. Most recently, a report from the CBI has highlighted the resilience of many sectors while bemoaning a lack of skills in the economy. Meanwhile former Commercial Secretary to the Treasury Lord O’Neill also recently conceded that the UK economy had been more robust than he had expected following the Brexit vote, which he attributed primarily to the thriving world economy. An argument almost immediately dismissed by the economist Ruth Lea writing for the LSE, who put forward a more nuanced and mixed explanation. The same picture of tempered resilience is also evident in specific sectors, and especially those that were seen as the most likely to feel the consequences of the Brexit vote, including London’s crucial tech sector.

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Vienna ranks highest for quality of living, but emerging cities doing more to attract mobile talent

Vienna ranks highest for quality of living, but emerging cities doing more to attract mobile talent

by • Cities, Facilities management, News, Property, Workplace

Cities in emerging markets, though challenged by economic and political turmoil, are catching up with top ranking cities following decades of investing in infrastructure, recreational facilities and housing in order to attract talent and multinational businesses, finds Mercer’s 20th annual Quality of Living survey. Meanwhile, many of Europe’s cities still offer the world’s highest quality of living and continue to remain attractive destinations for expatriates on assignment, despite economic volatility due to uncertainty around Brexit and increased political volatility in the region overall. Vienna tops the ranking for the 9th year running and is followed by Zurich (2), Auckland and Munich in joint 3rd place. In 5th place Vancouver completes the top five and is the highest ranking city in North America. Singapore (25) and Montevideo (77) are the highest-ranking cities in Asia and Latin America respectively.  London – the highest ranked UK city – scores top marks in areas like access to public transport, and the variety and quality of theatres and restaurants, but has lower scores for air pollution and traffic congestion.

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