Search Results for: economic

November 9, 2016

Representation of ethnic minorities in UK boardrooms ‘disproportionately low’ ⁰

by Sara Bean • Legal news, News, Workplace

Ethnic minority representation in the Boardrooms across the FTSE 100 and 250 is disproportionately low and does not reflect the ethnic diversity of either the UK or the stakeholders they seek to engage and represent; a new industry-led review has revealed. Given the fact that the UK will be the most diverse country in Western Europe by 2051, with over 30 percent of the population expected to be comprised of people from ethnic minority or migrant backgrounds, each FTSE 100 Board should have at least one director of colour by 2021, and each FTSE 250 Board by 2024. These are the main recommendations of the Parker Review report, Beyond One by ‘21 which found that out of 1,087 director positions in the FTSE 100, only 8 percent of positions are held by directors of colour, of which 1.5 percent are UK citizens, despite the fact that 14 percent of the total UK population is from a non-white ethnic group (up from 2 percent in 1971).

November 8, 2016

Work-life balance is especially important to millennials, finds US study ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

Work-life balance is especially crucial to millennials, with nearly six in 10 members of this generation (57 percent) saying that work-life balance and well-being in a job are “very important” to them. What’s more, millennials — whose propensity for technology has the potential to keep them constantly tethered to work emails and projects — care a lot about having a job that actively promotes their well-being. Results from the US-based Gallup-Healthways Well-Being Index survey shows that millennials are more likely than those of other generations to be thriving in physical well-being and are improving in key areas of health. But it also shows that employees who are thriving in all five elements of well-being are 81 percent less likely than those thriving only in physical well-being to seek out a new employer in the next year. These findings are particularly compelling, considering that millennials are the most likely generation to job-hop.

November 8, 2016

Built environment urged to help summit meet climate change commitments ⁰

by Sara Bean • Events, Facilities management, News, Property

Delegates from across the World are gathering in Morocco this week for the 22^nd global climate change summit, known as the Conference of the Parties (COP22), where they will focus on the implementation of the Paris Agreement. This historic agreement was reached last December at COP21 in Paris, France, when for the first time, 191 nations committed to collectively addressing the effects of climate change. The Paris Agreement aims to keep the global temperature rise well below 2 degrees Celsius and to limit the temperature increase even further to 1.5 degrees Celsius. It was signed by all negotiating countries and has thus far been ratified by 75 member states. However, despite the fact that the agreement entered into international law on the 4^th November, the UK is yet to ratify it, which according to the UK-GBC’s Campaigns and Policy Director, John Alker, is “pretty poor. We cannot afford to be dragging our heels on this; not only is there a moral imperative to tackle climate change, but the economic case for action is huge.“

November 7, 2016

Global case for healthy green building provided ‘for first time’ ⁰

by Sara Bean • Company news, Environment, Facilities management

A global business case for healthy green building design and management has been provided ‘for the first time’ in a new report from the World Green Building Council with examples of the benefits to employers, building owners, designers and developers. The new report Building the Business Case: Health, Wellbeing and Productivity in Green Offices highlights ‘the global momentum behind healthy and green office design and operation’ and showcases over 15 buildings from around the world. The research provides further evidence in the ways that green offices keep staff healthy and happy, improves productivity and boosts business’ bottom line. Steps like improving air quality, increasing natural light and introducing greenery – those which typically have environmental benefits such as using less energy – may also have an impact on the bottom line by improving employee productivity and reducing absenteeism, staff turnover and medical costs, according to the report.

November 2, 2016

Employers increased focus on wellbeing lacks adequate training and support ⁰

by Sara Bean • News, Wellbeing, Workplace

Nearly half (46 percent) of employers say that their organisation has increased its focus on wellbeing over the last 12 months; and when asked the reasons for this, 63 percent of respondents to the 2016 CIPD/Simplyhealth Absence Management Survey said they want their organisation to be a great place to work, 47 percent said their organisation believes employee well-being is linked to business performance, and 43 percent said their organisation believes it’s the right thing to do. Additionally, nearly two-fifths (37 percent) of organisations that invest in wellbeing say they have increased their well-being spend over the last twelve months and almost two-thirds (64 percent) have improved communications to staff about the wellbeing benefits on offer and how to access them. However, the survey found that while more employers are recognising the value of line managers in managing absence at work, they are not giving them the tools and support necessary to do it effectively.

October 28, 2016

Round up: seven things you should read this week ⁰

by Mark Eltringham • Features, Flexible working, Technology

Marina Gorbis on our obsession with the non-existent skills gap

Flip Chart Rick on low pay for freelancers and why it matters to everybody

Martin Ford on the risks faced by people who sit in front of a computer – and they’re not physical

McKinsey’s extensive report on the gig economy

Janine Dixon on the disconnect between economic success and wage growth

Huw Price on preparing for the era of machines

Scott Wyatt on how science is transforming cities

October 27, 2016

Progress towards closing gender pay gap slows around the world ⁰

by Sara Bean • Legal news, News, Workplace

Women across the globe earn on average just over half of what men earn despite, on average, working longer hours when taking paid and unpaid work into account. The world is facing an acute misuse of talent by not acting faster to tackle this gender inequality, which could put economic growth at risk and deprive economies of the opportunity to develop, warns the World Economic Forum’s Global Gender Gap Report 2016, which is published today. The latest edition of the annual benchmarking exercise that measures progress towards parity between men and women in four areas: Educational Attainment, Health and Survival, Economic Opportunity and Political Empowerment finds that progress towards parity in the key economic pillar has slowed dramatically with the gap – which stands at 59 percent – now larger than at any point since 2008. Aside from salary, another persistent challenge is stagnant labour force participation, with the global average for women standing at 54 percent, compared to 81 percent for men. The UK is ranked 20th overall in the global index and of those countries in Western Europe, the UK falls in the bottom half of the table. In respect of economic participation and opportunity, the UK is ranked 53.

October 26, 2016

Larger employers much more optimistic about post-Brexit outlook than SMEs ⁰

by Sara Bean • Legal news, News, Workplace

A gap is emerging between UK businesses regarding the impact of Brexit, with large businesses significantly more optimistic about the future than their small business counterparts, joint research by NGA Human Resources (NGA HR) and its SMB division, Moorepay suggests. Six in ten (59 percent) respondents working for large businesses expect Brexit to have a positive impact on their business, but only 35 percent of SMBs share this view. In fact, a quarter of (25 percent) SMB employees in the UK actually believe their situation will worsen after the UK has left the European Union. Looking ahead, the majority (79 percent) of larger UK businesses are ready to address the challenges and exploit the opportunities resulting from Brexit, whereas just over half of small businesses (56 percent) feel the same. Asked about their wish list for a post-Brexit economy, all UK businesses agree that access to the single market is the biggest advantage of the EU membership and one that both large businesses (64 percent) and SMBs (54 percent) would like to retain. Additionally, opening up trade to new countries and markets is seen as the main advantage of Brexit for both large (70 percent) and smaller businesses (54 percent), followed by freedom from EU laws and regulations (both 48 percent).

October 25, 2016

Millennials have just the same needs for peace and quiet as everybody else ⁰

by Steven Lambert • Comment, Wellbeing, Workplace design

Asked for the dream millennial workplace, most people would probably envision a brightly coloured open environment with pool tables, bean bag chairs and maybe a small basketball court. But it turns out that young people in the workplace have the same psychological requirements as the old crowd, and may even be more sensitive to distractions. A recent study by Oxford Economics suggests that distractions in the workplace are seriously hindering people’s ability to concentrate and perform, with little recognition from above. The transition to open offices since the end of the 20th century and the environmental factors they bring into play may be affecting people’s mental health, reducing employee happiness and thereby the bottom line of business performance.

October 18, 2016

The global uberification of commercial property and the workplace ⁰

by Anthony Brown • Facilities management, Features, Property, Technology, Workplace design

Technology doesn’t just transform the world, it reshapes our language. So, we all need to get used to the word uberification as well as the idea of it. Based on the success of the on demand taxi service Uber, the word refers to the way a product or service becomes available to customers on demand via the Internet. Customers book a service only at the point of consumption. This represents an entirely new commercial model and is the defining characteristic of the new 21st Century economy. Uber may have provided the tipping point, going from start up to market valuation of $66 billion in just 7 years, but its success has given us a name for a process that is reshaping businesses and customer experiences across the entire economy, including in the commercial property sector.

October 12, 2016

Government set to extend groundbreaking One Public Sector Estate programme ⁰

by Mark Eltringham • News, Property, Public Sector

The UK Government has announced that it is to further extend its groundbreaking One Public Sector Estate scheme which supports local authorities and public sector bodies in the sharing and divestment of underutilised property. The Cabinet Office and Local Government Association have issued a joint announcement that 159 councils will join the next phase of the One Public Estate programme and that £7.5 million has been awarded to 37 partnerships made up of councils and public sector bodies. The funding will support cross public sector partnerships to work collaboratively on land and property initiatives leading to new jobs, new homes, joined up public services and savings for the taxpayer. The programme was initially launched in 2013 and has been extended to a number of local authorities and public sector bodies since

October 11, 2016

American workers prefer the 9 to 5 but would take a pay cut in exchange for home working ⁰

by Mark Eltringham • Flexible working, News

According to a new study by researchers at Princeton University and Harvard University, the average American worker is indifferent to flexible working hours and instead prefers a set 40-hour workweek. According to the study, most workers aren’t willing to take even a small pay cut to determine their own working hours. However, if given the option to work from home, many workers — especially women — would take an 8 percent wage cut to do so. The findings, published by the National Bureau of Economic Research (NBER), also show that workers consistently dislike irregular work schedules set by employers on short notice. They would even give up one-fifth of their salary to avoid working evenings or weekends. Nearly half of jobseekers would not take an irregular-schedule job even if it paid a quarter more than a 9 to 5 job. This is true even of workers who currently have irregular work schedules.