Search Results for: economy

Some questions about AI, a world drowning in content and the human centipede of creativity

Some questions about AI, a world drowning in content and the human centipede of creativity

 

We still don't even know what questions to ask about AI, so the idea we can provide answers is a bit premature

One unintended but welcome result of the new fixation with AI is that many of the people who became experts on the workplace in 2020 are now experts on AI. You’ll find them on social media and they’ll have written a book about it by May to sit on the shelf alongside the one about hybrid working and The Great Resignation. So, if you want some certainty about where generative AI taking us, go talk to one of them because people who know about the subject seem to have little or no idea or raise even more questions. More →

Government announces new digital hub for Manchester

Government announces new digital hub for Manchester

Manchester is poised to become a major player in the digital government landscape following a significant land deal announced this week. The Government Property Agency (GPA) has exchanged contracts with Manchester City Council (MCC) to acquire five acres of the former Central Retail Park in Ancoats, paving the way for the construction of the Manchester Digital Campus. More →

The Great Resignation has given way to The Big Stay, says the CIPD

The Great Resignation has given way to The Big Stay, says the CIPD

The luxury belief that was  the so-called Great Resignation, appears to be over, even if you assume it ever existed.The luxury belief that was  the so-called Great Resignation, appears to be over, even if you assume it ever existed. Workers are increasingly staying put in their current jobs and more employers are holding steady on staffing levels as the labour market slows, according to the CIPD’s latest Labour Market Outlook report. The survey shows more than half (55 percent) of employers are looking to maintain their current staff level – the highest level since winter 2016/17. The CIPD’s new report, based on a quarterly survey of 2,009 employers, also cites data from the ONS vacancy survey and analysis on turnover from the Labour Force Survey, with all indicators pointing to lower staff attrition in 2024 and trends returning to pre-pandemic levels. More →

Seven industry associations join forces to develop  real estate carbon pricing strategy

Seven industry associations join forces to develop real estate carbon pricing strategy

Seven real estate industry associations have announced a new taskforce to develop a comprehensive carbon pricing strategy for the sectorSeven real estate industry associations have announced a new taskforce to develop a comprehensive carbon pricing strategy for the sector that takes a value chain perspective and enables pricing to be incorporated into investment decision making and accelerate its adoption. More →

People don’t hear back from half of the jobs for which they apply

People don’t hear back from half of the jobs for which they apply

British job seekers don’t hear back from almost half (45 percent) of the jobs they apply for, according to a new poll from Indeed. According to ONS data, there are 916,000 job vacancies in the UK, but with frustrations around the hiring process, these aren’t set to be filled quickly or effectively. The survey of 1,000 working people and 1,000 hiring professionals in the UK shows that the hiring process is inefficient for both job seekers and businesses, delaying the right candidate being matched with the right role. More →

Scale AI announces plans for new European headquarters in London

Scale AI announces plans for new European headquarters in London

 

Scale AI has selected London as the location for its first European headquarters, reinforcing the company’s mission to accelerate the development of AI globallyScale AI has selected London as the location for its first European headquarters, reinforcing the company’s mission to accelerate the development of AI globally. Scale’s United Kingdom (UK) office will serve as the centre of its operations in Europe. The firm is an artificial intelligence company headquartered in San Francisco in the US State of California. The company provides labelled data used to train AI applications. The firm was founded in 2016 by Alexandr Wang and Lucy Guo who had previously worked at Quora. More →

Tentative signs of recovery in UK commercial property market, says the RICS

Tentative signs of recovery in UK commercial property market, says the RICS

The 2024 RICS first quarter monitor for the UK commercial property market indicates tentative signs that the market is moving into a recovery phase, though there is still ample evidence that there remains a challenging backdrop. Higher borrowing rates are holding back investments along with other structural headwinds such as a weak economy, online shopping, working from home (WFH) and environmental concerns. More →

A philosophical take on meaningful work

A philosophical take on meaningful work

But what exactly makes a particular job an instance of “meaningful work”? Is it just any sort of work people happen to believe is meaningful? Or is it a job with certain objective features?Work is an inescapable feature of the modern world. Most of us, except for a lucky few, spend a significant portion of our lives working. If this is the case, we may as well try and make it meaningful. In a 2019 report, 82 percent of employees reported that it is important to have a purpose in their work and that creating meaningful work was one of their top priorities. But what exactly makes a particular job an instance of “meaningful work”? Is it just any sort of work people happen to believe is meaningful? Or is it a job with certain objective features? More →

US workers gain more freedom to change jobs as government bans noncompete agreements

US workers gain more freedom to change jobs as government bans noncompete agreements

The US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwideThe US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwide. This means millions of American workers will soon have more freedom to leave their current employers for jobs with competitors or even start their own businesses. The FTC estimates this change will have a significant positive impact on the economy. The agency predicts the creation of 8,500 new businesses every year, along with an average annual pay increase of $524 for workers. Additionally, the rule is expected to lead to lower healthcare costs and a surge in innovation, with estimates suggesting as many as 29,000 more patents filed each year in the coming decade. More →

Most people want to work in jobs that have a positive impact on the world

Most people want to work in jobs that have a positive impact on the world

A new poll from hiring platform Indeed suggests that people now consider working in jobs that positively impact society (57 percent) and the environment (55 percent) more important than they did when they started their careers. Just over a quarter (26 percent) say they would take a pay cut and 44 percent would consider retraining to enter the environmental sustainability sector. The survey of more than 1,000 workers and job seekers and 500 employers in the UK, highlights the ongoing green skills challenge. Despite the clear appetite for sustainability-related jobs among working people, 42 percent believe there are still too many barriers to entry. More than a quarter (27 percent) have been trying to transition to the sector but have been unsuccessful so far. More →

Open competition launched to find design team for new museum of architecture and design in Helsinki

Open competition launched to find design team for new museum of architecture and design in Helsinki

The Foundation for the Finnish Museum of Architecture and Design, Real Estate Company ADM, the City of Helsinki and SAFA the Finnish Association of Architects have launched an international, open design competition to find a design team for a new 10,050 sq m (GFA) museum building in Helsinki’s South Harbour. The new museum of architecture and design in Helsinki, Finland, is planned to open in 2030 and will combine the Museum of Finnish Architecture and Design Museum Helsinki. These institutions were successfully merged in January 2024, and the new museum will retain and grow the staff of both its predecessors. More →

Microsoft announces new London AI research hub

Microsoft announces new London AI research hub

Microsoft AI is opening a new AI hub in Central London. The firm claims that the new Paddington based centre, dubbed Microsoft AI London will ‘drive pioneering work to advance state-of-the-art language models and their supporting infrastructure, and to create world-class tooling for foundation models’, collaborating closely with AI teams across Microsoft and with its partners, including OpenAI.  More →