February 16, 2021
Investment in digital technology is set to increase UK GDP by £232bn (6.9 percent) in 2040, according to a new study by Virgin Media Business and the Centre for Economics and Business Research (CEBR). The research, which examines how more digital ways of working can support the UK’s economic recovery from Covid-19, claims investment in technology could boost the economy by £74bn in 2025. More →
October 20, 2020
Research carried out by the CBI prior to the pandemic suggests there is an urgent need for the UK to embark on a radical programme of reskilling that goes further and faster than current plans. According to the CBI, the UK faces a stark choice: invest more in lifetime learning and upskilling of millions of employees, or stick to business as usual, and risk sustained higher rates of unemployment and skills shortages. More →
September 1, 2020
A new study claims that if British workers do not return to their offices at all, the UK economy could contract by £480 billion. The study from the Centre for Economics and Business Research (CEBR), and led by Douglas McWilliams, a former chief economic adviser to the Confederation of British Industry, suggests that in a worst case scenario, the British economy would not return to its size before the coronavirus pandemic until 2025 if people continue working from home as they have over the past few months. More →
June 30, 2020
The European Union is strengthening its efforts to make its energy systems cleaner and more resilient, reinforcing its global leadership in reducing greenhouse gas emissions, according to a new energy policy review by the International Energy Agency.
June 29, 2020
Research conducted by Bullhorn, suggests that recruiting professionals are optimistic about COVID-19’s future economic impact. According to Bullhorn’s Global Recruitment Insights and Data (GRID) COVID-19 Impact Survey, only two percent predict a sustained depression that extends past 2021, and more than half (56 percent) expect the economy to improve by the end of the year. More →
June 24, 2020
Organisations that favour agile working and make strategic investments in human capital during the coronavirus crisis will be best positioned to gain market share and overtake competitors, according to a new Talent Trends report released by Randstad Sourceright. More →
May 29, 2020
A new report from Aon claims that the so-called gig economy will continue to flourish but many employers are still adjusting to its realities. Using research from HR and gig workers across Europe, the report, Gig Economy: Financial Security or Greater Control, claims that 26 percent of European HR directors believe their workforces will have 51-75 percent of gig workers in five years’ time, while 18 percent of UK HRDs believe 75 percent or more of their workforce will be made up of contractors in 5 years’ time. Nearly all HRDs believe providing health and benefits packages would improve gig worker recruitment (94 percent), engagement (93 percent), productivity (88 percent) and retention (95 percent). More →
April 16, 2020
A new report from HR software provider Breathe, suggests that the cost of toxic workplace culture is around £15.7 billion per year in the UK. The report, The Culture Economy 2020 (registration), claims that 1 in 5 (21 percent) of SME employees alone quit their job due to poor workplace culture last year. More →
February 11, 2020
The ongoing worldwide friction between legislators and firms operating in the “gig economy” was evident this week as a US judge denied Uber and Postmates a temporary reprieve from California’s new gig worker law. The ruling comes as a setback for both companies as the legislation has the potential to undermine their business models. More →
February 7, 2020
According to new government figures, the country’s digital sector contributed £149 billion to the UK in 2018, accounting for 7.7 percent of the economy. This is up 7.9 percent on the previous year, meaning growth in the sector is nearly six times larger than growth across the economy as a whole, which increased by 1.4 percent. More →
January 30, 2020
The promised flexibility of the gig economy is an illusion for many workers, who need to put in long hours to make ends meet, a new report has claimed. The report by Doteveryone, a think tank set up by businesswoman Martha Lane Fox, calls on the government to create a ‘minimum gig wage’ to ensure workers have enough to live on after expenses such as petrol. It also urges employers to be clearer with workers about their true pay and to inform customers where their money goes. More →
January 30, 2020
Policy makers should beware of classifying all gig economy workers as “employees”, a new research report has claimed. Such workers vary in age, income and education in a similar way to the traditional workforce and crafting regulations that treat both fully committed and occasional gig workers as one group is unlikely to be an efficient solution, the report from IZA World of Labor contends. More →
