Search Results for: education

The Fourth Industrial Revolution will be the most disruptive yet, senior economist predicts

The Fourth Industrial Revolution will be the most disruptive yet, senior economist predicts

by • AI, News, Technology

The rise of artificial intelligence and automation will create a Fourth Industrial Revolution that will be be significantly more disruptive than the three previous industrial revolutions, according to the Bank of England’s chief economist. According to Andy Haldane, the transformation caused by automation of cognitive skills had the potential to have a greater impact than Britain’s first industrial revolution, when coal and steam changed the country, the second industrial revolution which brought chemical engineering and the combustion engine, or the widespread use of computers in the 20th and 21st centuries.

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HR offers the key to enhanced employee financial wellbeing, claims report

HR offers the key to enhanced employee financial wellbeing, claims report

by • News, Wellbeing, Workplace

With poor financial wellbeing impacting on productivity, a new paper claims that, despite growing interest, there remains a lag in employers taking action in this area – and that Human Resources departments are key to building a business case for support. Published by the Institute for Employment Studies (IES), the paper, Building the business case for employee financial wellbeing, draws on findings from a Money Advice Service-funded study trialling financial wellbeing guidance from IES and the Chartered Institute of Personnel and Development (CIPD).

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

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

by • 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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Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

by • News, Technology, Workplace

An estimated 600,000 vacancies in digital technology are costing the country £63 billion a year, according to information provided by techUK in a report on skills shortages published by the Edge Foundation.The second of the education charity’s bulletins on the UK’s skills shortages, shines a spotlight on the tech industry and the devastating economic impact of the government’s failure to encourage young people to study relevant subjects and upskill existing workers. The bulletin, Skills Shortages in the UK Economy, brings together the most current statistics and analysis of skills shortages in the UK which cost the economy £6.3 billion each year in direct costs such as recruitment and temporarily filling gaps, according to the Open University’s 2018 Business Barometer.

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The satisfaction of self-employed people depends on skills development rather than business growth

The satisfaction of self-employed people depends on skills development rather than business growth

by • News, Wellbeing

Developing skills and knowledge is more important for self-employed people’s sense of career progression than increasing their rate of pay, a new report by IPSE (the Association of Independent Professionals and the Self-Employed) and the IPA (the Involvement and Participation Association) claims. The report, Working well for yourself: What makes for good self-employment?, surveyed 800 people across the country about what constituted ‘good work’ for them. First of all, it found that work satisfaction levels are remarkably high among the self-employed. This reinforces the findings of a 2015 CIPD Employee Outlook survey, which showed that general work satisfaction is higher among the self-employed (81 percent) than employees (61 percent).

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Artificial intelligence will create more jobs than it displaces, claims new study

Artificial intelligence will create more jobs than it displaces, claims new study

by • News, Technology

Artificial Intelligence (AI) and related technologies are projected to create as many jobs as they displace in the UK over the next 20 years, according to new analysis by PwC. In absolute terms, around 7 million existing jobs could be displaced, but around 7.2 million could be created, giving the UK a small net jobs boost of around 0.2 million. While the overall net effect of AI on UK jobs may be broadly neutral, this varies significantly across industry sectors. The most positive effect of AI is seen in the health and social work sector, where PwC estimates that employment could increase by nearly 1 million, equivalent to around 20 percent of existing jobs in the sector. On the other hand, PwC estimates the number of jobs in the manufacturing sector could be reduced by around 25 percent, representing a net loss of nearly 700,000 jobs.

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Half of girls are unenthusiastic about a career in STEM and technology

Half of girls are unenthusiastic about a career in STEM and technology

by • News, Technology

New research suggests that whilst young women are increasingly aware of the availability of careers in technology, half hold a belief that they are ‘unexciting’ and more than two-thirds think that roles in tech are predominately linked to gaming and IT consultancy; according to research commissioned by Yoox Net-a-Porter (YNAP) as part of their work to support digital education.

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How limiting non-work related web use affects security and productivity

How limiting non-work related web use affects security and productivity

by • News, Technology

Spiceworks has announced the results of a new survey examining the use of web filtering in the workplace and the implications of restricting certain online behaviours. The results indicate among organisations that don’t restrict non-work related web use, most employees (58 percent) spend at least four hours per week, the equivalent of 26 workdays per year, on websites unrelated to their job. In other words, based on the median U.S. salary of $45,812, these organisations are paying full-time employees approximately $4,500 per year to spend 10 percent of their time consuming non-work-related web content.

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UK employers aim to accelerate digital innovation, despite some cultural resistance

UK employers aim to accelerate digital innovation, despite some cultural resistance

by • AI, News, Technology, Workplace

UK employers aim to accelerate digital innovation, despite some cultural resistanceThe way to measure an employer’s speed of innovation includes how they find talent, their appraisal process, how employees recommend the organisation they work for to others, and how much employees collaborate, claims a new European study by Cornerstone OnDemand and IDC. “Future Culture: Building a Culture of Innovation in the Age of Digital Transformation” explores the relationship between European organisations’ speed of innovation and talent management, with the research showing that firms with a steady stream of new products and services are more likely to have an ongoing feedback process with employees, rather than an annual performance review, while organisations with a slower rate of innovation often use coaching and mentoring to develop employees.

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Rise and shine: our analytical thinking peaks at 6am

Rise and shine: our analytical thinking peaks at 6am

by • Flexible working, News

An academic study of social media users suggests that our analytical thinking peaks at around 6am – with people adopting a more ’emotional and existential’ tone later in the day. The research,Diurnal Variations Of Psychometric Indicators In Twitter Content, from academics at the University of Bristol and published in the journal PLOS ONE, involved the analysis of seven billion words used in 800 million tweets. Twitter content was sampled every hour over the course of four years across 54 of the UK’s largest cities to determine whether thinking modes change collectively. Researchers in artificial intelligence (AI) and medicine analysed the aggregated and anonymised content using AI methods.

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Successful EFMC event in Sofia sets its sights next on Dublin

Successful EFMC event in Sofia sets its sights next on Dublin

by • Comment, Events, Facilities management

The Sofia Event Center in Sofia (Bulgaria), hosted from 5 to 8 June the 26th Edition of EFMC, the European Congress of Facility Management. The event, held for the first time in the Bulgarian capital, has brought together world experts of the sector and has served as a platform for communication between Facility Managers, suppliers, universities and associations. In the closing ceremony it was announced that EFMC 2019 will be held in Dublin (Ireland) on 13 and 14 June.

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Improving employment of older people could boost UK GDP by £180bn 

Improving employment of older people could boost UK GDP by £180bn 

by • News, Wellbeing, Workplace

GDP could be boosted by around £180 billion a year if the UK could match New Zealand’s employment rates for the over-55s. While employment of older workers has improved in the UK in recent years, it still ranks only 21st out of 35 OECD countries according to new analysis from PwC. The consultancy’s Golden Age Index is a weighted average of indicators – including employment, earnings and training – that reflect the labour market impact of workers aged over 55. Iceland tops the rankings followed by New Zealand and Israel. For the OECD as a whole, there is a potential $3.5 trillion economic prize from matching New Zealand’s employment rates for the over-55s.

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