Search Results for: economic

Optimal workplace productivity gains could add £39.8 billion to British and Irish economies

Optimal workplace productivity gains could add £39.8 billion to British and Irish economies

by • Facilities management, News, Technology, Workplace design

The United Kingdom could reshape its economic future and unlock its share of £39.8 billion in untapped GDP if organisations were to ‘optimise their workplaces’, according to a new study by Ricoh and Oxford Economics, titled The Economy of People (registration required). The UK could achieve a 1.8 percent increase in GDP, equal to £36.8 billion, which could pay for the cost of Brexit twice with change to spare. Similarly, the Irish economy could expand by 1.0 percent, or £3 billion, if businesses commit to creating the optimal office. The findings from The Economy of People are based on forecasts of how productivity in various industries will improve, if investment in workplaces makes them optimal for those that work there and their employers. Surveys and interviews were conducted with employees and executives to uncover how workplace elements, such as culture, physical workspace and technology affect performance and productivity.

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The workplace week in seven stories you should read

The workplace week in seven stories you should read

by • Features, Technology, Workplace, Workplace design

The need to work less is a matter of life and death

House-hunters resort to commercial property in Madrid

The return of the traditional workplace for tech firms?

Ten million British jobs could be gone in 15 years and no one knows what happens next.

Embracing technology to move facilities management forward

Tiny robots will deliver your lunch, because we hate human interaction

The lapsing of Finland’s universal basic income trial (registration)

Digital media overload as over half of workers unable to find information easily

Digital media overload as over half of workers unable to find information easily

by • Facilities management, News, Technology, Workplace

Over half of UK workers (57 percent), are regularly experiencing an inability to locate information easily across a range of digital media, including emails, apps, messages and the internet, a new survey claims. The survey conducted via YouGov, for Evernote, also revealed that 87 percent of digital workers use up to four devices such as a smartphone, tablet, laptop, desktop, and/or a smart watch on a daily basis to access information. The majority (83 percent) of people use at least one app a day to source information. 31 percent of workers are accessing between five to nine apps per day and 18 percent are utilising over 10 apps a day. However, when it comes to face to face communications rather than digital, respondents were much more positive, with nearly half of those asked (45 percent) expressing that they felt they had the right number of meetings at work, and just 16 percent of those saying they feel their work day is filled with too many meetings.

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Quarter of UK managers would take a pay cut for a job with a clear purpose beyond profit

Quarter of UK managers would take a pay cut for a job with a clear purpose beyond profit

by • News, Wellbeing, Workplace

Quarter of UK managers would take a pay cut for job with purpose beyond profitMore than a quarter of managers (27 percent) in British companies would likely accept a salary cut to work for a company that has a clear purpose beyond profit a new report claims.  A third (32 percent) would actually consider leaving their job if a greater purpose was unclear, while more than half (53 percent) would if their company’s values and purpose didn’t align with their own. The YouGov survey, commissioned by Danone UK, highlights the importance of having a defined company purpose that marries commercial success with social progress.  The findings support a new report by not-for-profit think tank Tomorrow’s Company and Danone UK, that explores the importance of having a purpose beyond profit in helping companies to prosper in the face of workplace challenges created by an uncertain world. The Courage of their Convictions is built from interviews with senior leaders from within some of the UK’s biggest purpose-driven brands, including Danone, John Lewis, Mars, Philips, Tata Consultancy Services and Unilever.

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Number of working mothers rise by a half in under forty years, claims study

Number of working mothers rise by a half in under forty years, claims study

by • Flexible working, News

The past four decades have seen a transformation of the UK’s jobs market and society marked in particular by a decline of the traditional single-earner couple driven mostly by the mothers of young children and partners of higher-earning men. More than three quarters of women aged 25-54 in the UK are in paid work, reaching a record high of 78 percent in 2017. In contrast, fewer than 60 percent were in paid work in the mid-1970s. New analysis by IFS researchers, funded by the Economic and Social Research Council (ESRC), looks at changes in women’s working patterns over the last four decades. It claims that these big social and economic changes are in large part driven by working mothers. In the mid-1970s nearly half of couples with dependent children had just one adult in paid work; that proportion now stands at just 27 percent. The increase in maternal employment has been concentrated among those with children of pre-school or primary-school age, and also among the partners of relatively high-earning men.

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Report sets out business case for health and wellbeing in green buildings

Report sets out business case for health and wellbeing in green buildings

by • Architecture, Environment, Facilities management, News

The World Green Building Council has launched a new report highlighting what it suggests are the tangible economic benefits of green buildings and the improved levels of occupant satisfaction when companies implement new health, wellbeing and productivity features in existing green structures. Doing Right by Planet and People: The Business Case for Health and Wellbeing in Green Building presents case studies of 11 facilities around the globe that have one or more green certifications including LEED, Green Star and BREEAM. The report evaluates health and wellbeing features that were integrated into the facilities, such as enhanced fresh air ventilation, acoustic privacy, increase of daylight penetration and use of biophilic design elements such as green walls and extensive indoor plants.

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Reimagining the built environment would transform people’s lives, claims Design Council

Reimagining the built environment would transform people’s lives, claims Design Council

by • Architecture, Cities, News, Wellbeing, Workplace design

The Design Council and Social Change UK has launched its Healthy Placemaking report which highlights the outcomes from their survey of over 600 built environment practitioners across the UK including architects, town planners and urban designers. The aim of the survey was to gain insight and understanding of their experiences across multiple areas on the creation of a healthy built environment. The latest research from Design Council and Social Change UK claims that healthy placemaking can ‘sit outside mainstream UK housing, public health and placemaking policy. It continues to be seen as a cost to local development rather than an investment, and when considered alongside the plethora of local planning priorities and frameworks it often gets overlooked’.

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Globalisation prompts increase in number of CEOs from abroad at FTSE companies

Globalisation prompts increase in number of CEOs from abroad at FTSE companies

by • News, Workplace

Globalisation increasing number of CEOs from abroad at FTSE’s largest listed companies

Globalisation is leading to a growing trend amongst FTSE listed companies to hire senior leaders from abroad as organisations look for leaders with international experience. Although UK CEOs remain the first choice, with 60 percent of CEOs who were appointed through internal promotion last year being British, according to the Robert Half FTSE 100 CEO Tracker, UK companies are now increasing the number of global CEOs within the FTSE 100. In practise this means that the total number of UK CEOs leading the FTSE 100 has slipped to 61 of the total 100 companies from 65 a year ago. Nearly half (47 percent) of those CEOs who were hired externally for the top position were of other nationalities and of the 14 new CEO hires made this year, eight were of UK heritage, while six are leaders from the rest of the globe, edging the dial ever closer to a 50/50 split.

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Number of skyscrapers under construction in London tops 500 for first time

Number of skyscrapers under construction in London tops 500 for first time

by • News, Property

The number of skyscrapers being built in London has exceeded 500 for the first time, raising fears of further damage to the capital’s skyline. There are 510 towers of more than 20 storeys under construction or in the planning process, more than ever before. That is a rise of 12 per cent on a year ago, according to the annual report by GL Hearn, the property consultancy, and think tank New London Architecture. A record 115 towers are already under construction, up from 91 in 2016, but the number of applications is down by 10 per cent, according to the study.

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Robots will lead to increased productivity without stealing jobs, but wages will fall

Robots will lead to increased productivity without stealing jobs, but wages will fall

by • AI, News, Technology, Workplace

AI will take time to lead to higher productivity but it may also depress wagesRobots will not as feared steal people’s jobs and will eventually improve productivity, but they will undercut workers’ contribution sufficiently to depress their wages. According to the third report in Barclays Impact Series, titled Robots at the gate: Humans and technology at work, technology is fundamentally re-shaping the nature of work, and the implications of this re-shaping process will accelerate in coming decades. The report authored by Barclays’ Research team and supported by the Barclays Social Innovation Facility sets today’s technological advancements in the context of historical precedent and argues that robotics and Artificial Intelligence do not portend a jobless future. However, these new technologies have important macroeconomic consequences, such as wage disinflation, which will likely continue in the years or even decades to come. The report also argues that productivity spurts lag behind technological leaps, as it can take years or even decades for an economy to figure out how to best use a new technology. Eventually, economies of scale are reached, consumer behaviour adapts, companies refine their business models and productivity growth finally kicks in. (more…)

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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