Search Results for: economic

Half of all workplace tasks will be performed by machines within seven years

Half of all workplace tasks will be performed by machines within seven years

by • News, Technology

The world is going through a workplace revolution that will bring a seismic shift in the way humans work alongside machines and algorithms, according to new research by the World Economic Forum. By 2025 more than half of all current workplace tasks will be performed by machines as opposed to 29 percent today. Such a transformation will have a profound effect on the global labour force, however in terms of overall numbers of new jobs the outlook is positive, with 133 million new jobs expected to be created by 2022 compared to 75 million that will be displaced. The research, published in The Future of Jobs 2018, is an attempt to understand the potential of new technologies to disrupt and create jobs. It is also seeks to provide guidance on how to improve the quality and productivity of the current work being done by humans and how to prepare people for emerging roles.

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Building a culture of creativity that unites the physical and digital workplace

Building a culture of creativity that unites the physical and digital workplace

by • Comment, Technology, Workplace design

Agreeing on the definition of creativity is no easy task, as it can mean a whole range of different things to different people. To some, creativity means painting a beautiful picture or creating a unique sculpture, while for others it might mean writing a catchy tagline, developing a new business model, or building an innovative online tool. The fact is, creativity can be found in all walks of life, not just those we traditionally see as creative, such as art, design or music. And furthermore, it’s playing an increasingly pivotal role in the growth, development and success of all types of organisations, and the employees working for them.

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Call for employers to do more for older workers

Call for employers to do more for older workers

by • Flexible working, News, Wellbeing

A new report from the charity and lobbying group the Centre for Ageing Better has called for employers to be more age-friendly and inclusive of those over 50, including doing more to tackle age discrimination in the workplace. According to the study, significant numbers of older workers feel they are being discriminated against at work because of their age, including believing they have been turned down for jobs (9 percent) and being offered fewer opportunities for training and progression (32 percent).

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Reinventing jobs for an automated future workplace

Reinventing jobs for an automated future workplace

by • AI, Comment, Technology

Earlier this year, the European Commission announced it will invest €20 billion in Artificial Intelligence (AI) research and development by 2020 to boost the adoption of AI and robotics across multiple industries, which will have a significant impact on the way work across sectors gets done. Facing demographic deficits, Europe and Japan – and to an extent the US and China – are highly motivated to continue investment into AI, which is growing at an annual rate of 15 percent, and set to reach $1 trillion globally by 2050, according to Morgan Stanley.

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A new era of technology could resolve UK low productivity at last

A new era of technology could resolve UK low productivity at last

by • News, Technology

A new McKinsey study sets out to address the reasons why the United Kingdom experiences chronically low productivity and what can be done to use technology to improve its performance. In the report, Solving the UK’s productivity puzzle in the digital age, the authors argue that “Britain stands out as one of the worst productivity performers among its peers”. They argue that there are four distinct reasons for the weakness since the economic crisis: “boom and bust” in the financial sector, the strength of employment growth, weak investment and uneven “digitisation”.  It claims that the UK is operating at only 17 per cent of its digitisation potential, indicating how much scope for improvement there is.

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Employees more productive when they understand the company goals

Employees more productive when they understand the company goals

by • News, Workplace

Employees more productive when they understand the company goalsBeing made to feel you’re making a positive contribution to your organisation is an important motivator, but a new study suggests over half of employees believe they would be more productive if they knew how their work fitted into overall company objectives. According to the research from Asana this lack of transparency means a third of UK employees believe their business suffers from a lack of direction, with employees complaining that they do not know what their company stands for and are completely unclear of the company’s long term and short-term goals. This unsurprisingly is having a direct impact on employee motivation, with and framed within the context of the UK’s productivity conundrum.  A lack of clarity of company goals across businesses is not the sole reason that the UK is experiencing a productivity conundrum, but there is a clear disconnect between strategic goals and the jobs being executed on a day to day basis.

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Leading a hybrid future workforce of robots, episodic employees and gig leaders

Leading a hybrid future workforce of robots, episodic employees and gig leaders

by • Flexible working, News, Technology

future workforceVisions of hybrid workforces, episodic employees, gig leadership and acceptable failure have been unearthed in a new study, ‘Work 2028: trends, dilemmas and choices’, revealing business and society leaders’ projections for the fourth industrial revolution. The project was led by Professor Bernd Vogel at Henley Business School and run in collaboration with Deutsche Telekom and Detecon Consulting, who commissioned Henley to carry out the survey. The research involved interviews with over 50 influential leaders from across a variety of sectors and countries including senior figures from Amazon and Unilever to look at the challenges facing organisations and their future workforce.

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Don’t stand so close to me: why personal space matters in the workplace

Don’t stand so close to me: why personal space matters in the workplace 0

by • Comment, Wellbeing, Workplace design

As successive BCO Specification Guides and the research of organisations like CoreNet Global have proved, the spatial dynamics of offices have changed dramatically in recent years. Put simply, the modern office serves significantly more people per square foot than ever before. Originally this tightening was largely down to the growing ubiquity of flat screen and the mobile devices, but more recently the major driver of change appears to be the gradual disappearance of personal workstations in favour of more shared space.

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Workplace wellness programmes may be a waste of time and money, study concludes

Workplace wellness programmes may be a waste of time and money, study concludes

by • News, Wellbeing

workplace wellnessThe $8 billion dollar wellness industry in the US may not be achieving very much, according to a new analysis from academics at Chicago University and the University of Illinois published by the National Bureau of Economic Research. While the researchers concede that the difficulties of measuring the impact of such programmes depends very much on the characteristics of the people who enter them voluntarily, their study of 5,000 people found that the effects of a wellness programme were non-existent to negligible across a range of metrics.

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Employers urged to err on the side of caution when the staff commute counts as work

by • Flexible working, Legal news, News, Workplace

Employers urged to err on the side of caution when the staff commute counts as work

A call for employers to pay staff for the time they spend emailing while commuting has opened up the debate on what constitutes working time for employees. Researchers from the University of the West of England who found that commuters used free Wi-Fi provision on their journey to and from work to ‘catch up’ with work emails, have argued this supported the argument that the commute be counted as work. Until now, there has been little research to evaluate the impact free Wi-Fi provision has had in the UK, despite government encouragement for companies to provide access on transport networks. Traditionally, the government has been more concerned about the benefits of free Wi-Fi for business travellers, but the research team believe that the impact on commuters may be more important. When the researchers looked to Scandinavia to see how commuting time could be measured differently, they found that in Norway some commuters are able to count travel time as part of their working day.

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Finance professionals prioritise protection of employment rights in Brexit deal

Finance professionals prioritise protection of employment rights in Brexit deal

by • News, Workplace

Securing employment rights for workers must be one of the key priorities of any Brexit deal, according to a fifth of finance professionals surveyed by REED. The recruitment agency asked almost 800 senior finance professionals about company preparations for leaving the EU, finding that only prioritising a free trade deal for the UK (31 per cent) received more votes than securing employment rights (20 per cent). Finance professionals gave considerably less backing for prioritising membership of the single market (18 per cent), self-determined UK law (10 per cent), the customs union (10 per cent) and border controls (10 per cent).

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New analysis sets out to define fastest growing sectors in London in 2018

New analysis sets out to define fastest growing sectors in London in 2018

by • News, Property

A new analysis from Instant Offices sets out to identify the largest business sectors driving London’s economy. It claims that the three most prominent are information and communication, financial and insurance, and professional, scientific and technical services. The UK Business Register and Employment Survey (BRES) showed distinct trends in growth for specific sectors, in London and in the UK as a whole.

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