Search Results for: economy

December 6, 2016

Sleep deprivation hits workplace health and productivity harder than we thought ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

Politicians and corporate bosses who seems to pride themselves on being able to function on less than six hours of sleep a night are sending out the wrong message to the workforce, as recent research suggests that a lack of sleep among UK workers is costing the economy up to £40 billion a year, 1.86 per cent of the country’s GDP. According to researchers at the not-for-profit research organisation RAND Europe, sleep deprivation leads to a higher mortality risk and lower productivity levels among the workforce, which, when combined, has a significant impact on a nation’s economy. A person who sleeps on average less than six hours a night has a 13 per cent higher mortality risk than someone sleeping between seven and nine hours, researchers found, while those sleeping between six and seven hours a day have a 7 per cent higher mortality risk. The report, Why Sleep Matters – The Economic Costs of Insufficient Sleep, describes sleeping between seven and nine hours per night as the “healthy daily sleep range”.

December 6, 2016

The Work Foundation launches Commission on Good Work ⁰

by Neil Franklin • Company news, Workplace, Workplace design

The Work Foundation, part of Lancaster University, has launched a new Commission on Good Work. The commission will seek answers to key questions such as ‘why is a focus on good work so important now?’, ‘what does good work mean in a modern economy?’ and ‘how do we achieve good work?’ The initiative was launched by Work Foundation Director Lesley Giles who invited stakeholders from businesses, trade unions, professional bodies, and the public and voluntary sectors to be part of a ‘Good Work Taskforce.’ Supporting the launch were Sir Charlie Mayfield (John Lewis Partnership), Dame Fiona Kendrick (Nestle),Douglas McCormick (Sweett Group), Mark Keese (OECD), Gail Cartmail (Unite), Peter Cheese CIPD, Scott Johnson (a small business owner) and Professor Paul Sparrow (Lancaster University Management School).

November 30, 2016

Germany slides down rankings as one of world’s top employment talent hotspots ⁰

by Sara Bean • Knowledge, News, Workplace

Germany has slipped down the rankings as one of the world’s top employment talent hotspots, with other established economic powers such as the UK and France playing only minor roles in sustaining Europe’s pre-eminence. According to the World Talent Report by IMD Switzerland, Denmark, Belgium, Sweden and the Netherlands occupy the top five places in the rankings – the first two retaining their standings from last year. Finland, Norway, Austria, Luxembourg and Hong Kong complete the top 10, with Germany 11th, Iceland 16th, Ireland 18th, the UK 20th and France down in 28th. The objective of the World Talent Report is to assess how countries sustain the talent pool necessary for businesses to maximize their performances. Austria was one of the biggest movers over the past 12 months, climbing 11 places to break into the top 10, while Belgium rose by six positions to take third spot. By contrast, Germany slipped out of the elite, dropping from 7th to 11th, after being impacted especially heavily by the economic crisis affecting much of Europe.

November 28, 2016

Surge in overall job vacancies, but consultancy sector bears Brexit brunt ⁰

by Sara Bean • News, Workplace

The number of advertised job vacancies in the UK increased by 2.6 percent to 1,162,342 in October, and according to the latest UK Job Market Report from Adzuna.co.uk, with Christmas on the horizon, employers will be seeking to hire an array of temporary jobseekers to meet a rise in demand. A rise in total advertised vacancies has also been fuelled by employers’ plans to expand and refresh their teams to capitalise on jobseekers intending to make a fresh start or change in career path in the first few months of 2017. However, despite the overall resilient nature of the jobs market, the consultancy sector appears to have taken the brunt of the implications of Brexit. As a result, average advertised salaries are currently down 8.7 percent. This suggests companies are withdrawing from placing as much reliance on temporary staff and freelancers and seeking expertise internally from senior employees who may be more familiar with the nature of the business. This also highlights the importance of employers widening their talent pool and attracting highly skilled workers.

November 26, 2016

The workplace puzzle + Feeling blue about work + Commuting more than ever ⁰

by Sara Bean • Facilities management, Flexible working, Newsletter, Property, Technology, Wellbeing, Work&Place, Workplace, Workplace design

In this week’s Newsletter; Ian Ellison says there are no silver bullets for workspace design, but it’s worth the effort; Justin Miller explores the workplace implications of seasonal affective disorder (SAD); and Jeff Flanagan explains why workplace design and management teams should look towards consumer-facing industries for inspiration. Asia set to lead the world in the uptake of artificial intelligence in the workplace; Staples announces tomorrow’s workplace design winners; and UK Government to invest properly in the next generation of technological infrastructure. One in seven UK employees now commute over two hours each day; Millennials reject the gig economy; Autumn statement could adversely affect London’s tech firms; and global report finds that flexible working is a necessity for younger workers. Download our new Briefing, produced in partnership with Boss Design on the link between culture and workplace strategy and design; visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

November 25, 2016

Reducing paper-weight is the key to maintaining a healthy business in the digital age ⁰

by Chas Moloney • Comment, Technology

The idea of creating a paperless office has been circulating for at least 40 years. Business Week famously forecast its arrival in 1975, predicting that paper would be on its way out by 1980 and dead by 1990. However, it’s almost 2017 and even with new and innovative digital technologies that enable us to operate in a highly connected world, the paper-light office is still far from our reality. Yet institutions from a variety of different sectors are leading the way when it comes to driving initiatives forward to going paperless and paper-light. For example, to address the need of approximately 12 million people in the UK that annually fill in a self-assessment tax form, plans have been put in place by the government to give individual digital accounts, aiming to allow more than 50 million individuals and small businesses to manage their tax affairs online. As a result, costs will be significantly cut by erasing expensive and laborious bureaucratic processes in the long-term, whilst fundamentally streamlining and simplifying intricate business services and applications.

November 23, 2016

Gender earnings gap in tech sector is significantly higher than national average ⁰

by Sara Bean • Flexible working, News, Technology, Workplace

The high tech sector may pride itself on offering some of the most attractive and modern workplace environments, but when it comes to equal parity between the sexes it seems out of date. New research from Mercer claims that at 25 percent, the gender earnings gap in the UK’s high tech sector is significantly higher than the national average (18 percent). The consultancy also found that small companies have the largest gap, with a 30 percent difference in (median) pay between all male and female employees, and a 26 percent gap when considering mean base salaries. This difference reduces as company sizes grow. Where the data allowed comparison of pay between women and men in equal job roles, the pay gap was much smaller, typically 8 percent. This is comparable to the UK norm of 9 percent for this type of analysis. The reasons for this gap is due on further analysis to a multitude of factors including the reluctance of many women to enter the tech field, not enough effort being put into promoting women and a lack of will in promoting flexible working patterns.

November 22, 2016

Number of people who commute over two hours a day increases by a third ⁰

by Sara Bean • Environment, Facilities management, Flexible working, News, Wellbeing, Workplace

One in seven UK employees commute over two hours or more each day. This represents an increase of nearly a third (31 percent) over the past five years, which claims the TUC, is due to a combination of low wages, high house/rental prices and the government’s lack of transport infrastructure spending, According to a new analysis by the union to mark Work Wise UK’s Commute Smart Week, in 2015 3.7 million workers had daily commutes of two hours or longer – an increase of 900,000 since 2010 (2.8 million). In 2015 one in seven UK employees (14 percent) travelled two hours or more each day to and from work, compared to one in nine in 2010 (11 percent). UK workers spent 10 hours extra, on average, commuting in 2015 than they did in 2010. This is the equivalent of an extra 2.7 minutes per day. London (930,000) has the highest number of employees who make long commutes, followed by the South East (623,000) and the East of England (409,000); while workers in Northern Ireland (+57 percent) have experienced the biggest rise in long commuting, followed by the South East (+37 percent) and the West Midlands (+27 percent).

November 21, 2016

Staples reveals winners of Tomorrow’s Workplace design competition ⁰

by Neil Franklin • Architecture, News, Workplace design

According to the winning entries of the Tomorrow’s Workplace design competition from Staples Business Advantage and Metropolis magazine, in 2021 the workplace may include inflatable pods set up in urban parks, or young professionals working alongside active retirees in a setting that resembles a small town more than an office building. The contest was hosted by Staples Business Advantage, the business-to-business division of Staples, and architecture magazine Metropolis. “The massive corporate office tower, usually a glass box with central air pumped in, is turning into the dinosaur from the 20th century,” said Susan S. Szenasy, publisher and editor in chief, Metropolis. “Workplaces will become more multi-generational and multi-functional, fostering communities in the process. With the many changes in how and where we work, one thing is sure—today’s office is not your father’s or mother’s office.”

November 18, 2016

HR directors struggle to devise long term digital workplace strategies ⁰

by Sara Bean • News, Technology, Workplace

One of the effects of the UK’s falling unemployment levels is that HR Directors risk becoming so consumed with issues of talent retention and hiring that they are unable to plan effectively and build a long term strategy for their business, especially when it comes to key emerging issues such as the digital workplace. While the latest ONS statistics show that UK unemployment fell by 37,000 to 1.6 million in the three months to September, hitting an 11-year low, in an anonymous survey carried out by The Curve Group, 92 percent of HR Directors say re-designing their organisation in response to the emergence of the digital workplace, new entrants and a flat economy should be their main priority, but only 44 percent feel able to do so.

November 16, 2016

Two thirds of female professionals’ jobs downgraded after career break ⁰

by Sara Bean • Flexible working, News, Workplace

A lack of flexible roles means that two thirds of professional women who return to work after a career break, work fewer hours than they prefer or go into lower-skilled or lower-paid roles, claims new research by PwC, in conjunction with Women Returners and 30% Club. 427,000 UK female professionals are currently estimated to be on a career break and likely to return to the workforce in the future. Of those, three in five (249,000) are likely to enter lower-skilled roles when they return to work. This has serious implications for earnings as this downgrading is associated with an immediate 12-32 percent reduction in hourly earnings, depending on whether the woman remains with the same employer. A further 29,000 women returning to part-time work would prefer to work longer hours but are unable to due to a lack of flexible roles. Altogether, two-thirds of (or around 278,000) women could be working below their potential when they return to the workforce.

November 15, 2016

‘Western’ millennials rate sense of purpose most important job criterion ⁰

by Sara Bean • News, Technology, Workplace

A sense of purpose remains the top priority among ‘Western’ millennials from the United States, United Kingdom, Germany and France; but in the largest emerging economies, including China and India, salary and career advancement remain the most important job criteria, according to the Global Shapers Annual Survey for 2016. While the US, UK and Canada lead the list among young people who would like to live abroad to advance their careers, the United Arab Emirates and China are the most preferred emerging-market countries, the survey from the World Economic Forum survey claims. They came in at 11th and 12th place, respectively, ahead of the Scandinavian countries, all other BRICS (Brazil, Russia, India, China and South Africa) countries and Singapore. One reason for the strong performance of the UAE may be the good prospects for landing a job in the country. While 34 percent of millennials globally identified the lack of economic opportunity and employment as one of the three most serious issues affecting their country – making it the biggest issue of concern after corruption –only one in 10 of the UAE respondents said they see unemployment as a serious issue.