Search Results for: economy

MPs back plan to increase gender diversity in business

MPs back plan to increase gender diversity in business

by • Legal news, News, Workplace

MPs back new measure to increase gender diversity in business

A majority of MPs have backed a recommendation to increase gender diversity in business by extending the “Women in Finance Charter” to cover all businesses in the UK. The recommendation comes from the professional accountancy body AAT (Association of Accounting Technicians). The Charter asks financial services firms to commit to implement four key industry actions; to have a named senior executive responsible and accountable for gender diversity and inclusion; set internal targets for gender diversity in senior management positions; publish progress annually and ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity. (more…)

Shortlist for Business Book Awards features more on workplace and wellbeing than ever before

Shortlist for Business Book Awards features more on workplace and wellbeing than ever before

by • News, Wellbeing, Workplace

This year’s shortlist for the Business Booko Awards features more books than ever on wellbeing and happiness in the workplace as well as career self-development,  company culture and business ethics. A record number of women authors have also made the shortlist. (more…)

Mandatory reporting of ethnicity pay gap could be ‘counterproductive’ if not done right

Mandatory reporting of ethnicity pay gap could be ‘counterproductive’ if not done right

by • Legal news, News, Workplace

Reporting ethnicity pay levels could be ‘counterproductive’ if not done right

There is a ‘significant risk’ that the reporting ethnicity pay levels could be ‘counterproductive’ unless key differences between it and gender pay are recognised, said the Institute for Employment Studies (IES) in its response to the UK Government’s consultation on ethnicity pay reporting. Although the IES supports the government’s proposals to introduce mandatory reporting of ethnicity pay gap information, it suggests that cultural and practical barriers to collecting and reporting ethnicity data are greater than for gender pay. More time and greater government support are therefore needed to prepare for these changes. The consultation response voices specific concerns that measures to increase the recruitment of under-represented groups, for example through apprenticeships or paid internships, could serve to widen pay gaps initially. This could inadvertently discourage employers from taking positive action to improve their ethnic diversity. Reporting arrangements therefore need to also take account of changes in the levels of employment participation for different ethnic minority groups, as well as their pay.

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The problem with predictions, the cult of Facebook, WeWork woes and some other stuff

The problem with predictions, the cult of Facebook, WeWork woes and some other stuff

by • Features

If it makes you feel better about Blue Monday (today – ‘officially’ the year’s glummest day), it also marks the closure of the Predictions Window in my view. If somebody still has an unpublished list of forecasts for the coming year on their specialist topic, they’ve missed their chance. At least with us they have. But not to worry, there’s a good chance they can trot most of them all out again next year and they’ll be just as relevant. Anything else can be quietly dropped.

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Record take up in Northern Ireland office market amid concerns over future investment

Record take up in Northern Ireland office market amid concerns over future investment

by • Cities, Facilities management, News, Property

City Quays mixed-use regeneration projectThe Northern Ireland office market had a record year in 2018, with a 100 percent increase in take-up, according to the latest figures from CBRE. The Northern Ireland (NI) office sector enjoyed its most successful year on record with 885,023 sq ft of take-up reported across 84 transactions, more than double that achieved last year. Notable office deals completed in 2018 included the PwC move to Merchant Square, Northern Ireland Civil Service at 9 Lanyon Place, Allstate at Mays Meadow, TLT at River House and Baker McKenzie at City Quays 2, which is part of Belfast’s City Quays mixed-use regeneration project. However, according to CBRE’s Real Estate Outlook report, the office market in NI is hampered by a severe lack of investment deals in the face of ongoing local, national and international political uncertainty. This means that while the real estate market in Northern Ireland generally has performed well in 2018, the investment sector experienced a decrease in activity as a resulting knock-on effect of the current political situation locally at Stormont as well as ongoing Brexit negotiations.

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World Bank report calls for changing approach to working cultures

World Bank report calls for changing approach to working cultures

by • News, Workplace

A new report from the World Bank has call for more investment in people to prepare them for the economies of the future. The 2019 World Development report (WDR) “The Changing Nature of Work” claims that digital technologies are driving the demand for advanced cognitive skills, socio-behavioral skills, and adaptability in labour markets. The digital economy also presents an opportunity to create more jobs.

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How our body clocks affect our mental and physical performance

How our body clocks affect our mental and physical performance

by • Features, Wellbeing

Whether you’re a morning person or love burning the midnight oil, we’re all controlled by so-called body clocks. These body clocks (which regulate your circadian rhythms) are inside almost every cell in the body and control when we feel awake and tired during a 24-hour period. But as it turns out, our latest study found that our body clocks have a much bigger impact on us than we previously realised. In fact, our body clocks actually effect how well a person performs on both mental and physical tasks.

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Government’s new workplace reforms: the world responds

Government’s new workplace reforms: the world responds

by • Flexible working, News, Workplace

The UK government has introduced what it claims to be the most significant package of workplace reforms for 20 years in response to last year’s Taylor Report on working practices. The Good Work Plan has introduced a range of measures which the Government claims will improve the rights of agency and part time workers and discourage employers from indulging in unwelcome practices.  The reforms are intended to stop businesses opting out of equal pay arrangements for agency employees and improve the conditions for gig economy workers generally, for example by giving workers details of their rights from the first day in a job, such as eligibility for sick leave, pay levels, maternity and paternity leave.

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European property sector predicted to grow next year, despite economic challenges

European property sector predicted to grow next year, despite economic challenges

by • Facilities management, News, Property

European property sector predicted to grow next year, despite economic challengesThe European property sector is predicted to grow next year, according to CBRE’s 2019 EMEA Market Outlook report. Although recent indicators suggest some slowing of momentum economic growth in Europe will remain above-trend rate in 2019 and 2020, with Spain, Ireland and the central European countries expected to see the fastest economic growth. France’s growth is expected to accelerate as recent economic reforms begin to pay off; however, UK growth is expected to remain below-trend, but with better long-term potential once the current uncertainty around Brexit passes. Office markets around the region are expected to see positive growth in leasing levels in 2019. However, major European cities, including Paris, Berlin, Stockholm and London, are expected to see lower levels of employment growth in office-using sectors. (more…)

Groundbreaking study links productivity to air quality

Groundbreaking study links productivity to air quality

by • Facilities management, News, Wellbeing

A new study of UK indoor office environments has found a direct correlation between the quality of the air in offices and its effect on workplace productivity. The two-year research initiative, backed by facilities company EMCOR and carried out by academics at Oxford Brookes University and LCMB Building Performance found that workers were able to work up to 60 percent faster in lower CO2 concentrations. It revealed that an increased intake of CO2 can lead to poor decision making, slower reaction times and increased tiredness among employees. Currently, UK productivity is 26.2 percent lower than Germany based on GDP per hour worked – and 22.8 percent less than France. Yet despite ten years of tactics to help close the gap, this is the first time environmental factors have been considered.  (more…)

Asia increasingly challenging economic hegemony of western cities

Asia increasingly challenging economic hegemony of western cities

by • Cities, News

Oxford Economics has published its annual Global Cities research report projecting the shifting landscape of the world’s leading cities from 2019 to 2035. It examine which major cities will be the urban superpowers of the future and which are poised for the most rapid expansions of their economies, populations and business heft. Its main finding is that Asia’s cities, especially those in India such as Surat (pictured) and Agra are making huge strides, although New York, Tokyo, Los Angeles and London stay as the metropolitan superpowers. New York maintains pole position while Tokyo falls below Los Angeles and London in the ranking.  (more…)

Government report calls time on late payments, addresses productivity puzzle

Government report calls time on late payments, addresses productivity puzzle

by • Facilities management, News, Property

The culture of late payment by large firms has led to the failure of many small businesses in the UK and prevented even more from thriving and improving their productivity, according to a parliamentary select committee report published today. The Business, Energy and Industrial Strategy (BEIS) committee has called on the government to enforce tougher measures on large firms who treat small businesses “disgracefully” by enforcing long payment terms or paying their suppliers late. The Small businesses and productivity report said that, for an SME to succeed, it is crucial they are paid fairly and on time.

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