Search Results for: economy

September 18, 2018

Half of all workplace tasks will be performed by machines within seven years

The world is going through a workplace revolution that will bring a seismic shift in the way humans work alongside machines and algorithms, according to new research by the World Economic Forum. By 2025 more than half of all current workplace tasks will be performed by machines as opposed to 29 percent today. Such a transformation will have a profound effect on the global labour force, however in terms of overall numbers of new jobs the outlook is positive, with 133 million new jobs expected to be created by 2022 compared to 75 million that will be displaced. The research, published in The Future of Jobs 2018, is an attempt to understand the potential of new technologies to disrupt and create jobs. It is also seeks to provide guidance on how to improve the quality and productivity of the current work being done by humans and how to prepare people for emerging roles.

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September 13, 2018

Call for employers to do more for older workers

by Neil Franklin • Flexible working, News, Wellbeing

A new report from the charity and lobbying group the Centre for Ageing Better has called for employers to be more age-friendly and inclusive of those over 50, including doing more to tackle age discrimination in the workplace. According to the study, significant numbers of older workers feel they are being discriminated against at work because of their age, including believing they have been turned down for jobs (9 percent) and being offered fewer opportunities for training and progression (32 percent).

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September 11, 2018

Time for employers to place workplace health and wellbeing front of mind, claims CBI

by Neil Franklin • News, Wellbeing

With the average number of days lost to ill health per employee at 5.2 days, there’s a clear impact on business, which is why firms must better prioritise the health & wellbeing of their staff. That’s according to new survey results from the CBI, in partnership with Bupa and HCA Healthcare. In a new guide, Front of Mind: Prioritising workplace health & wellbeing, 347 businesses – employing nearly 1.7 million people – of all sizes across the UK were surveyed or interviewed to understand what steps they are taking to improve workplace health & wellbeing.

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September 10, 2018

Network Rail agrees £1.46bn commercial real estate sale to Telereal Trillium and Blackstone Property

by Mark Eltringham • News, Property

Network Rail has agreed terms with Telereal Trillium and Blackstone Property Partners for the sale of its commercial real estate portfolio. Proceeds from the £1.46 billion transaction will help fund the railway upgrade plan, bringing improvements for passengers and reducing the need for taxpayers to fund the railway, according to a statement from Network Rail. Telereal and Blackstone will hold equal ownership stakes and intend to be long-term owners of the estate. Both parties have adopted a ‘tenants first’ approach, cemented in a tenants’ charter, which offers a commitment to engage with all tenants and communities in an open and honest manner. Telereal will oversee the day-to-day property management of the portfolio.

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September 7, 2018

We should measure wellbeing and security if we want to create Good Work, claims the RSA

by Mark Eltringham • Flexible working, News, Wellbeing, Workplace design

Job security, workplace mental health, and how well-supported workers feel by their employer, should be monitored annually by the government, a report led by the RSA and the Carnegie UK Trust recommends. The need to better monitor quality of work in the UK was called for in RSA chief executive Matthew Taylor’s 2017 employment review for the Prime Minister. The UK Government subsequently committed to delivering on this proposal; and Measuring Good Work now sets out a roadmap for how the ambition can be achieved. The report highlights that employment has a major impact on people’s wellbeing and quality of life, arguing that since the 2008 financial crisis, despite record employment, the overall figure on the number of people in work fails to account for issues like worker pay; whether employees feel they are trapped in a job below their skillset; are working too few or too many hours; or are facing excessive workplace pressure.

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September 7, 2018

Seven workplace stories that have been on our radar this week

by Mark Eltringham • Features, Flexible working, Technology, Wellbeing, Workplace design

How we can win the AI race

The great tech paradox for flexible workspaces

The number one office perk? Natural light

The personality test that conned the world

The insecure nature of work is a result of decisions by corporations and policymakers

Landlords up their game to help occupiers attract staff (paywall)

An architect’s defense of open plan offices

September 6, 2018

Many UK freelancers feel lonely and isolated following leap to self-employment

by Neil Franklin • Flexible working, News, Wellbeing

The solo self-employed are now a vital element of the UK economy, contributing around £271 billion to the government’s coffers in 2017, of which around £125–140 billion came from freelancers. But with some predicting that by 2020, half of the workforce will be freelancing, we need to take an objective look at the world of self-employment and tackle its challenges head-on, giving freelancers the tools and skills they need to work effectively — and happily.

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August 29, 2018

Younger workers risk missing out on career opportunities by shunning SMEs

by Sara Bean • News, Workplace

Young people leaving education and looking for work may be missing out on potential employment opportunities by failing to consider Small and Medium Enterprises (SMEs) and the advantages they offer, new research from Santander UK claims. ‘Gen Z’ and Millennials do not believe SMEs offer the same job security or salary as large businesses, meaning just a third (35 percent) of young people leaving education in 2018 want to work for smaller employer, and an even smaller proportion, just one in six (18 percent), want to work for a start-up or micro business. The most popular career aspirations for Generation Z and Millennials are to work for a large firm (51 percent), the public sector (51 percent) or a global multinational (49 percent), because of a perceived lack of job security (56 percent). There is also the belief that SMEs offer a lower salary (46 percent) and fewer opportunities for progression than large companies (33 percent). Yet the majority (70 percent) of SMEs are actively recruiting for entry level roles, whether that be graduates (43 percent), further education leavers (36 percent) or school leavers (35 percent).

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August 21, 2018

How do you make your company culture work for everyone?

by Jonathan Richards • Comment, Workplace

Company culture is the bedrock of any business. And it has been thrown into sharp focus in recent months with many high-profile scandals hitting the headlines such as the discrimination case at Uber. In light of this, many businesses are now investing in – even living and breathing – their company culture. This is of course, great news for employees. Shouting about how your company culture is like being part of a family and how everyone mucks in together may have swayed a new recruits’ decision during their interview. However, have you stopped to think how accessible your culture will be to new team members? Close-knit can often translate to the ‘in-crowd’ and office politics can get in the way of a pleasant working environment if the culture is too close.

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August 3, 2018

New analysis sets out to define fastest growing sectors in London in 2018

by Neil Franklin • News, Property

A new analysis from Instant Offices sets out to identify the largest business sectors driving London’s economy. It claims that the three most prominent are information and communication, financial and insurance, and professional, scientific and technical services. The UK Business Register and Employment Survey (BRES) showed distinct trends in growth for specific sectors, in London and in the UK as a whole.

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August 2, 2018

Extending reporting requirements may help close gender pay gap say MPs

by Sara Bean • Legal news, News, Workplace

Employers should be required to publish a narrative and action plan under Gender Pay Gap reporting requirements, the inquiry on executive pay and the gender-pay gap by the Business, Energy and Industrial Strategy (BEIS) Select Committee has recommended today. It has found that the requirements to publish data which came into force in April this year represents a ‘small but welcome step towards ensuring that women can make their fullest possible contribution in the workplace and to the economy’, but it calls for the Government to be more ambitious. Detailed statistics should be provided to aid analysis and organisations should explain what they are doing to tackle their gender pay gaps. Under the new rules employers would have to provide some narrative reporting alongside their gender pay statistics, with an action plan setting out how pay gaps are being and will be addressed, including objectives and targets. Subsequent reports would include progress against this action plan, including targets set. (more…)

August 1, 2018

Treating employees as workplace consumers could help improve productivity

by Sara Bean • Facilities management, Flexible working, News, Workplace, Workplace design

Treat employees as workplace consumers to help improve productivity says report Employers need to recognise the workplace as integral to delivering a business’ commercial strategy, and treat employees as ‘workplace consumers’ – creating ‘frictionless’ experiences and environments that help them perform to their best ability. This is according to a report: ‘Optimising performance: defining, designing, maintaining and evolving workplace experiences’ from Interserve, undertaken in partnership with Advanced Workplace Associates (AWA). The two-year study into the science behind effective working environments argues there is a need to radically re-envisage workplaces to optimise team productivity and maximise the value of physical working environments. It sets out a series of critical steps for knowledge-based businesses to revolutionise the workplace – and thereby aid employee performance. The report argues that traditional silos, from IT and HR to facilities, need to be broken down to integrate the management of the workplace as part of a ‘one-team’ approach; doing so will ensure companies can deliver a streamlined workplace experience which supports employee productivity.