Search Results for: economic

New research identifies nine distinct segments of the self employed workforce

New research identifies nine distinct segments of the self employed workforce

Far from being a homogeneous group, nine distinct segments of the solo self-employed workforce have been identified in new research published by the Centre for Research on Self-Employment, in partnership with IES. This segmentation furthers understanding of the solo self-employed population, including the levels of independence and security, and variation in earnings across this broad section of the UK workforce. The solo self-employed are those who do not employ other people and therefore work on their own account, and makes up 84 per cent of the self-employed workforce.

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UK remains the most attractive country for employers and employees

UK remains the most attractive country for employers and employees

UK remains the most attractive country for employers and employeesDespite recent figures indicating that work productivity is down in Britain, the UK remains a highly attractive country for employers and employees based on a combination of talent, location, quality of life and cost, according to the latest edition of Colliers International’s European Cities of Influence report. The analysis of 50 major European economic cities for employers saw London retain its top position, with all other UK cities in the analysis featuring in the top 20 (Birmingham, Edinburgh, Manchester, Bristol and Glasgow).The report finds that quality of life factors are important to accelerate business and attract talent with the research revealing that the nature of workplace strategy is evolving so rapidly that keeping up — let alone staying ahead of the curve — can be a challenge. Employers are now focused on creating a workplace that can attract and retain talent by incorporating co-working and collaborative facilities, flexible working options and ingraining a healthy mindset. With the onus on keeping employees happy and productive, the design and utilization of the workplace is helping to accelerate business productivity more than ever before.

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Boundary-less workplaces must offer contextual, personalised workspaces

Boundary-less workplaces must offer contextual, personalised workspaces

'Boundary-less' workplaces must offer contextual, personalised workspacesThe future workplace will replace familiar, rigid hierarchies and departments with small, collaborative networks of teams and the lines between individual organisations and ecosystems will blur as companies increasingly cast their net wider to innovate. This is one of the predictions made in a Fujitsu-commissioned whitepaper ‘Workplace 2025’ which argues that businesses must rethink social and technology strategies to plan for the future workplace – or risk being left behind. To appeal to future employees with the right skills, the whitepaper, which was produced by European research firm Pierre Audoin Consultants (PAC) advises that businesses must ensure they are moving towards an environment that provides contextual, personalised workspaces aligned to the individual needs of users. At the same time, they should plan to encourage enhanced peer collaboration by implementing technologies such as augmented reality. The Workplace 2025 report foresees that today’s organisational structures will become more agile, adapting to constantly-changing economic conditions, competitive landscapes and customer demands.

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Three quarters of firms dissatisfied with quality of UK infrastructure

Three quarters of firms dissatisfied with quality of UK infrastructure

Three quarters of firms dissatisfied with quality of UK infrastructureBusinesses are concerned about the pace of commitment to improving the UK’s infrastructure, and a record number of firms are dissatisfied with the state of infrastructure in their region. With the UK currently ranking 27th in the world for the quality of its infrastructure, nearly all (96 percent) of businesses in the 2017 CBI/AECOM Infrastructure Survey see infrastructure as important (of which 55 percent view it as critical) to the Government’s agenda. From the Clean Growth Strategy and the £500 billion infrastructure pipeline to its decision to build a new runway at Heathrow and press ahead with the A303 tunnel, the Government has made clear its commitment to British infrastructure. However, only one in five firms is satisfied with the pace of delivery (20 percent) and almost three quarters (74 percent) doubt infrastructure will improve over this Parliament. This lack of confidence is attributed primarily to policy inconsistency (+94 percent of firms) & political risk (+86 percent). The digital sector is the exception, however, where 59 percent of firms are confident of improvements.

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Saudi Arabia announces plans for $500 billion mega city in region

Saudi Arabia announces plans for $500 billion mega city in region

Following last week’s announcement that Toronto is to create a digital city along its waterfront, Saudi Arabia has unveiled plans to build a $500 billion ‘mega-city’ spanning parts of several countries. The plans announced this week are a response to the need for the kingdom to produce a more diverse economic base and will create a zone that will run on alternative energy and have its own legal system and employment laws. The region will be known as Neom, a name derived from terminology meaning ‘New Future’ and will span parts of Saudi Arabia, Egypt and Jordan along the Red Sea coastline as a 26,500 square kilometre development of previously untouched land (pictured). Plans inevitably include technologies such as driverless cars, drones and robots, and were unveiled by Crown Prince Mohammed bin Salman at the Future Investment Initiative in Riyadh this week. The zone is expected to cost around $500 billion (£380.5 billion) and will be powered entirely by renewable energy and focus on industries including energy, biotechnology, food, advanced manufacturing and entertainment.

Security and skills are the top concerns for companies investing in new technology

Security and skills are the top concerns for companies investing in new technology

Over the next five years, the top three technologies that are set to move from the fringes to the business mainstream are Artificial Intelligence (AI), Blockchain and the Internet of Things, according to CBI research. In the CBI’s new report, Disrupting the future, the UK business group highlights how firms and the government must pave the way for adoption of cutting-edge technologies, tackling the barriers that businesses are facing. The CBI is calling on the Government to establish a joint commission in early 2018 involving, business, employee representatives, academics and a Minister, to examine the impact of Artificial Intelligence on people and jobs, setting out plans for action that will raise productivity, spread prosperity and open up new paths to economic growth.

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Employees motivated by bad news as well as good news, research finds

Employees motivated by bad news as well as good news, research finds

Bad news is better than no news at all when it comes to motivating staff, according to new research from academics in Warwick and Zurich.  The study found that withholding important information from staff could mean the difference between a motivated workforce and an unmotivated one – irrespective of whether it was good or bad news for workers. The study, led by Leif Brandes, of Warwick Business School, found that many managers underestimate the motivational power of bad news. In the paper The Value and Motivating Mechanism of Transparency in Organizations, published in the European Economic Review, Dr Brandes and Donja Darai, of the University of Zurich, designed a new version of the so-called ‘dictator’ game to study the effect of information sharing on motivation.

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Freelancers to make up a majority of US workforce within a decade

Freelancers to make up a majority of US workforce within a decade

Freelance website Upwork and the Freelancers Union have published the results of a report called Freelancing in America: 2017, which the sponsors claim is the most comprehensive measure of the US independent workforce, (but given their vested interests probably needs you to add a pinch of salt and always worth reading Trustpilot reviews). The fourth annual study estimates that 57.3 million Americans are freelancing (36 percent of the US workforce) and contribute approximately $1.4 trillion annually to the economy, an increase of almost 30 percent since last year.

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One-fifth of UK jobs under threat from automation, but some regions more at risk than others

One-fifth of UK jobs under threat from automation, but some regions more at risk than others

Automation will affect one in five jobs across the UK, according to a new study from the thinktank Future Advocacy. According to the report, the risk of jobs being becoming automated is higher in some areas more than others and in the case of shadow chancellor John McDonnell’s west London constituency of Hayes and Harlington hits 40 percent, largely because it contains Heathrow Airport which employs a large number of people whose jobs are most at risk from automation. However, the report claims that a mere 2 percent of people surveyed were ‘very worried’ that they might be replaced by a machine, with a further 5 percent saying they were ‘fairly worried’.

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How our smartphones stop us from living in the moment

How our smartphones stop us from living in the moment

As a teacher who has long witnessed and worried about the impacts of technology in the classroom, I constantly struggle to devise effective classroom policies for smartphones. I used to make students sing or dance if their phones interrupted class, and although this led to some memorable moments, it also turned inappropriate tech use into a joke. Given the myriad deleterious effects of phones – addiction, decline of face-to-face socialisation, deskilling, and endless distraction, for starters – I want students to think carefully about their phone habits, rather than to mindlessly follow (or not follow) a rule.

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Government sets out its vision for a low carbon UK

Government sets out its vision for a low carbon UK

A strategy setting out how the UK plans to lead the world in cutting carbon emissions to combat climate change while driving economic growth, has been published by the Government. The Clean Growth Strategy: Leading the way to a low carbon future builds on the UK’s progress to date. Carbon emissions in the UK have fallen and national income risen faster than any other nation in the G7 since 1990, according to the report, with emissions down by 42 percent while the economy has grown by 67 percent.

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UK improves opportunities for young workers, but faces longer term challenges from automation

UK improves opportunities for young workers, but faces longer term challenges from automation

The UK could boost GDP by £43 billion if it reduces the number of young people not in education, employment or training (NEET) to match Germany, the best performing EU country. This is equivalent to a GDP increase of around £7,500 per 18-24 year old, according to estimates in PwC’s latest Young Workers Index. This year, the UK reached its highest position since the Index began in 2006, climbing to 18th out of 35 OECD countries from 20th last year. The UK’s improvement reflects lower youth unemployment and NEET rates as the economic recovery from the financial crisis has continued, but it still lags behind many other OECD countries, with Switzerland, Iceland and Germany leading the pack.

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