Search Results for: economy

People now less engaged, less fulfilled and more stressed in their working lives

People now less engaged, less fulfilled and more stressed in their working lives

New research from the CIPD exploring the quality of UK working lives suggests there has been a negative shift in how people think about and value their work.New research from the CIPD exploring the quality of UK working lives suggests there has been a negative shift in how people think about and value their work. The CIPD’s Good Work Index 2023 claims that most people like their work and find it satisfying. However, as many as 6-9 million workers, experience poor-quality work in some major respects. CIPD’s survey indicators show that there has been no significant improvement in job quality in the past four years and, in some respects, job quality has gone backwards. Compared to 2019, workers today are less enthused about work, less likely to perceive their work as useful and more likely to simply see work as purely transactional – simply for the money. More →

Getting back to the idea of a better future

Getting back to the idea of a better future

We may not be in control of what the future holds or able to predict it, but we should rediscover the hope that it will be better.  A recent edition of Jon Connell’s daily newsletter The Knowledge included this nugget: “Last month, I heard one of the world’s most successful fund managers admit that the charts and models he previously used “gave almost no clue” as to what to do with money now. (His one firm prediction, that the US dollar would weaken, has so far proved dead wrong.) Same with climate, with migration, with a business world about to be utterly transformed by AI. That, as much anything, will be one of the biggest questions of the coming years and decades: What do we do if we can’t predict the future?” More →

Artificial intelligence will boost short term headcount, claim half of employers

Artificial intelligence will boost short term headcount, claim half of employers

More than half (54 percent) of Britain’s employers expect Artificial Intelligence (AI) technologies will have a positive impact on their staff headcount over the next two yearsMore than half (54 percent) of Britain’s employers expect Artificial Intelligence (AI) technologies will have a positive impact on their staff headcount over the next two years, according to a survey by Experis, a part of ManpowerGroup.  The survey of 2,000+ British employers also suggests that more than two thirds (69 percent) of businesses expect AI tools and technologies – including ChatGPT, Machine Learning and Virtual Reality – to have a positive impact on upskilling and reskilling, as well as on employee training (68 percent). 67 percent of British organisations anticipate a positive impact on employee engagement because of AI technology, and 60 percent think it can positively impact the onboarding process too. More →

Europe not on track to deliver carbon neutral built environment by 2050

Europe not on track to deliver carbon neutral built environment by 2050

Europe not yet on track: one year on since EU Policy Roadmap launch to deliver a climate neutral built environment by 2050It has been one year today (24 May 2023), since the World Green Building Council (WorldGBC) launched a new policy called the EU Policy Whole Life Carbon Roadmap, to help the European Union accelerate total decarbonisation of buildings and construction — the most heavily emitting sector in the world. Now WorldGBC and 12 European Green Building Councils (GBCs) are imploring the EU to implement the Roadmap’s principles at the scale and speed required through the announcement of BuildingLife2, a new project driving what it claims is greater transparency and accountability across the sector as it seeks to achieve the goal of a carbon neutral built environment. More →

Unintended economic consequences of remote working becoming evident

Unintended economic consequences of remote working becoming evident

New data suggests that office attendance in London has recovered strongly since the end of Covid restrictions, confounding predictions of remote working becoming the ‘new normal’New data suggests that office attendance in London has recovered strongly since the end of Covid restrictions, confounding predictions of remote working becoming the ‘new normal’, according to a new report from the Centre for Cities. However, recovery has stalled in 2023 and the report, London, Office politics: London and the rise of home working, co-authored with Professor Dan Graham and his colleagues from Imperial College and published in partnership with EC BID, addresses the possible economic risks of businesses adopting hybrid working permanently. More →

Growth in self-employment a good sign of economic recovery

Growth in self-employment a good sign of economic recovery

IPSE (the Association of Independent Professionals and the Self-Employed) has welcomed new figures from the Office for National Statistics (ONS) showing year-on-year growth in self-employmentIPSE (the Association of Independent Professionals and the Self-Employed) has welcomed new figures from the Office for National Statistics (ONS) showing year-on-year growth in self-employment. There are 154,000 more self-employed than this time last year. In total, there are now 4.4 million operating in the UK. The data also revealed a significant rise in the number of women choosing to work for themselves, with an additional 93,000 self-employed women compared to the same time last year. More →

Hybrid working averse businesses missing out on €113 billion opportunity

Hybrid working averse businesses missing out on €113 billion opportunity

European businesses continue to miss out on the full potential of hybrid working, according to a new survey from Ricoh EuropeEuropean businesses continue to miss out on the full potential of hybrid working, according to a new survey from Ricoh Europe.  The research, conducted by Opinium and analysed by CEBR, polled 6,000 workers and 1,500 decision makers across Europe. Business leaders say that workers are, on average, 4 percent more productive in a hybrid culture, equivalent to an additional €113 billion to the European economy compared with pre-pandemic ways of working. More →

Workload and personal appearance now main sources of workplace anxiety

Workload and personal appearance now main sources of workplace anxiety

The chief sources of workplace anxiety according to a new survey is increased workload, followed by personal appearanceA new poll from The Adaptavist Group claims that three-quarters of UK office workers now say they experience workplace anxiety, with a little over one-quarter saying it happens often to almost all the time. This is a significant shift from just nine months ago when only 38 percent of respondents in Adaptavist’s Reinventing Work study said they suffered from anxiety upon returning to work. More →

Flexible working and its benefits are enjoyed most by highest paid workers

Flexible working and its benefits are enjoyed most by highest paid workers

Low paid workers have the least flexible working, and the gap between the number of flexible workers on the lowest and highest salaries has increased in the last year, according to figures from the Flex for Life 2023 reportLow paid workers have the least flexible working, and the gap between the number of flexible workers on the lowest and highest salaries has increased in the last year, according to figures from the Flex for Life 2023 report from advocacy group Flexibility Works. Just half (51 percent) of workers surveyed for the report earning less than £20,000 a year work flexibly, compared with eight in ten (80 percent) workers earning more than £50,000. The figures are from an analysis of flexible working in Scotland, which is supported by the Scottish Government and The Hunter Foundation. More →

Half of gig workers earn below the minimum wage

Half of gig workers earn below the minimum wage

More than half of gig workers in the UK are paid below the minimum wage, a new study claimsAs the cost of living continues to spiral, a new report shows more than half of gig economy workers in the UK are paid below the minimum wage. The study, led by the University of Bristol, found 52 percent of gig workers doing jobs ranging from data entry to food delivery were earning below the minimum wage. On average respondents were earning £8.97 per hour – around 15 percent below the current UK minimum wage, which rose to £10.42 this month. More than three-quarters (76 percent) of survey respondents also experienced work-related insecurity and anxiety. More →

Magenta Associates reports positive first quarter to 2023

Magenta Associates reports positive first quarter to 2023

Magenta Associates, the communications specialist for the built environment, has reported significant growth in 2022/23 (20 percent) and 2021/22 (32 percent), along with a series of new architecture, design and construction contract winsMagenta Associates, the communications specialist for the built environment, has reported significant growth in 2022/23 (20 percent) and 2021/22 (32 percent), along with a series of new architecture, design and construction contract wins, and several of its existing clients confirming that they will invest in new service areas of the business.  In 2022, the Brighton based firm launched its new dedicated B2E (business to employee) comms division in light of research it commissioned which revealed a gap in the market, particularly for FM firms, many of which are struggling to unite dispersed teams in the era of hybrid working and talent shortages. In the first quarter of 2023, an increasing number of clients have turned to Magenta for support in this area. More →

WorldGBC launches Circular Built Environment Playbook

WorldGBC launches Circular Built Environment Playbook

The World Green Building Council (WorldGBC) and its network of over 75 Green Building Councils are launching the Circular Built Environment Playbook.The World Green Building Council (WorldGBC) and its network of over 75 Green Building Councils are launching the Circular Built Environment Playbook. The organisation claims this is ‘a critical guide for the building and construction sector around the world to accelerate the adoption of circular economy and resource efficiency principles’. More →