Search Results for: economic

Magenta Associates becomes employee owned

Magenta Associates becomes employee owned

by • Company news

Our friends at comms specialist Magenta Associates have announced that the business is now owned by its employees.Our friends at comms specialist Magenta Associates have announced that the business is now owned by its employees. The company has set up an Employee Ownership Trust which owns the majority of the business. The trust will be led by five trustees to ensure the management team is running the business in the best interests of the employees. Magenta was set up in 2011 by Cathy Hayward, the former editor of FM World (now Facilitate) and FMJ magazine who spotted a gap in the market for a PR agency specialising specifically in facilities management. More →

GenAI will change the nature of work and encourage people to spend more time working together

GenAI will change the nature of work and encourage people to spend more time working together

by • AI, Flexible working, News

UK chief executives see implementing Generative AI (GenAI) as an opportunity to change the nature of work and create highly skilled workforces without reducing the number of jobs in the marketUK chief executives see implementing Generative AI (GenAI) as an opportunity to change the nature of work and create highly skilled workforces without reducing the number of jobs in the market, according to KPMG’s 10th annual CEO Outlook survey. KPMG surveyed more than 1,300 CEOs around the world – 150 in the UK – in July and August, revealing that two thirds of UK CEOs (65 percent and 76 percent globally) see GenAI as a positive disruptor with 68 percent (65 percent globally) agreeing that GenAI remains a top investment priority. More →

UK see largest contraction in Labour Force since the 1980s

UK see largest contraction in Labour Force since the 1980s

by • Business, News, Workplace

The final report from the two-year Commission on the Future of Employment Support claims that the UK needs ‘once-in-a-generation reform’ to boost growth and improve living standards in the face of a huge contraction in the country’s labour force. The report suggests that the UK is one of the few developed nations where employment has fallen post-pandemic. The UK has dropped from having the eighth-highest employment rate globally to fifteenth. Had the original position been maintained, the economy would be £25 billion larger annually, with public finances £16 billion better off. More →

Commercial property market should be more optimistic, but it still needs to change

Commercial property market should be more optimistic, but it still needs to change

by • News, Property

JLL’s latest Future of Work Survey claims to reveal new opportunities for the commercial property sector as two-thirds of business leaders expect their CRE budget to riseJLL’s latest Future of Work Survey claims to reveal new opportunities for the commercial property sector as two-thirds of business leaders expect their CRE budget to rise between now and 2030. Despite challenges in the commercial real estate sector and bumpy economic conditions, global business leaders are optimistic about the future, with two-thirds (65 percent) expecting their CRE budgets to increase by 2030, according to the poll. This survey sets out to explore the evolving nature of work, assessing the key priorities, challenges, and strategies for more than 2,300 business and CRE decision-makers. More →

Shared Parental Leave (still) failing to deliver for working dads

Shared Parental Leave (still) failing to deliver for working dads

by • News, Workplace

New research suggests that Shared Parental Leave (SPL) has failed to encourage greater take-up or longer leave by fathers, prompting calls for policy reformNew research suggests that Shared Parental Leave (SPL) has failed to encourage greater take-up or longer leave by fathers, prompting calls for policy reform. Introduced in April 2015, SPL was designed to let parents share the load of looking after their children, giving fathers a greater role at home and encouraging mothers to get back to work sooner. But new research by economists from the Economics Department and Institute for Policy Research (IPR) at the University of Bath and Cardiff University shows that the policy has fallen flat. Workplace Insight has been tracking the bumpy passage of the legislation over the past nine years. You can see our coverage here. More →

Arts and crafts boost personal wellbeing more than work, study finds

Arts and crafts boost personal wellbeing more than work, study finds

by • News, Wellbeing

A new study suggests that engaging in arts and crafts activities can significantly enhance personal wellbeing, offering greater benefits than traditional employmenA new study suggests that engaging in arts and crafts activities can significantly enhance personal wellbeing, offering greater benefits than traditional employment. The research, conducted by a team from Anglia Ruskin University and published in the journal Frontiers in Public Health, found that activities like pottery, painting, knitting, and woodworking can increase life satisfaction, happiness, and the sense that life is worthwhile. These findings suggest that arts and crafts, often seen as mere hobbies, could be a powerful tool for improving mental health and wellbeing on a broad scale. More →

NHS to offer workplace health checks to middle aged staff

NHS to offer workplace health checks to middle aged staff

by • News, Wellbeing

The NHS is set to launch a comprehensive initiative aimed at preventing heart attacks and strokes by conducting health checks in workplaces across the UK. Over the next six months, more than 130,000 middle-aged employees will be offered free workplace health checks in their places of work. This national drive, known as Health MoTs, is designed to identify individuals at risk of type 2 diabetes or heart disease through a 20-minute evaluation that includes weighing staff and measuring their blood pressure and cholesterol levels.

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UK startups economy relies on high quality immigration

UK startups economy relies on high quality immigration

by • Business, News

A new report highlights the significant role that high-quality immigration plays in driving business growth and innovationNew data suggests that 39 percent of Britain’s top 100 fastest-growing companies were founded by individuals born outside the United Kingdom, even though immigrants make up less than 15 percent of the overall population. The research, conducted by think tank The Entrepreneurs Network and supported by Fragomen, highlights the significant role that high-quality immigration plays in driving business growth and innovation. Previous research from 2019 showed an even higher proportion, with 49 percent of Britain’s top 100 fastest-growing companies having a foreign-born founder.
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Workers unsure about the government’s New Deal for Working People

Workers unsure about the government’s New Deal for Working People

by • News, Workplace

 

Workers in the UK are lukewarm towards the "New Deal for Working People," a cornerstone of the recently introduced Employment Rights Bill.Workers in the UK are lukewarm towards the “New Deal for Working People,” a cornerstone of the recently introduced Employment Rights Bill. This ambivalence is coupled with a significant lack of awareness about their current workplace rights and their employers’ stance on various aspects of the deal. These insights come from the latest Robert Half Jobs Confidence Index (JCI), an economic confidence tracker developed in collaboration with the Centre for Economics and Business Research (Cebr). More →

Working from home prevalent across Northern Europe, but has no effect on productivity

Working from home prevalent across Northern Europe, but has no effect on productivity

by • Flexible working, News, Property

 

Working from home has become a permanent feature of the European workforce, with notable variations across different regions and citiesA new research briefing from Oxford Economics claims to highlight the sustained prevalence of working from home in Europe, particularly in northern cities, and examines its impact on office real estate markets. According to the briefing, which analyses data through 2023, working from home has become a permanent feature of the European workforce, with notable variations across different regions and cities. More →

European banks are over-valuing commercial property, ECB report suggests

European banks are over-valuing commercial property, ECB report suggests

by • News, Property

 

An analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone's leading banks may be inflating the value of commercial propertyAn analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone’s leading banks may be inflating the value of commercial property, potentially obscuring the true state of their loan portfolios in a sector that is facing significant challenges. The analysis suggests that some banks are failing to properly account for the steep downturn in the commercial property market, which has been severely impacted by higher borrowing costs and weakened demand as businesses adjust to the post-pandemic economic landscape. More →

Remote work is holding back innovation, study claims

Remote work is holding back innovation, study claims

by • Flexible working, News, Wellbeing

Remote work and 'hybrid working' models may greatly enhance employees' work-life balance, but new research suggests they might also be stifling innovationRemote work and ‘hybrid working’ models may greatly enhance employees’ work-life balance, but new research suggests they might also be stifling innovation. The study, led by economists from the University of Essex and the University of Chicago found that employees who worked in a hybrid model were less likely to come up with innovative ideas compared to their colleagues who always worked in the office. Additionally, employees working entirely from home tended to produce lower quality ideas than those who consistently worked in the office. More →
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