Search Results for: employee

January 29, 2018

Financial companies learning to better utilise office space to attract right talent

by Sara Bean • Flexible working, News, Property, Workplace, Workplace design

Financial services organisations are reducing the amount of commercial office space they require as they adopt more flexible work styles. This is according to a new report from HOK’s US team, The New Financial Workplace, an investigation into the threats and challenges facing the financial services industry, with a special focus on how new technologies like cryptocurrency, biometrics and blockchain are disrupting the sector. Financial services companies are being challenged by the emerging fintech industry, says the report, which is projected to grow to $8 billion in 2018. These traditional companies must adopt the cultures and workplace design practices of the technology industry to stay ahead.

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January 26, 2018

If you are flourishing under a psychopath boss, it may be because you are a psychopath too

by Neil Franklin • News, Wellbeing

It’s still perfectly possible to flourish under a psychopath boss, provided you are one too, according to new research that found the people best placed to cope with a psychopathic manager are those who are psychopaths too; largely because they are not as upset at the bad treatment. In the workplace, employees respond differently to abusive management styles, in part due to their varying levels of psychopathy, according to a new study from the University of Notre Dame. Certain types of psychopaths actually benefit and flourish under abusive bosses, according to Are ‘Bad’ Employees Happier Under Bad Bosses? Differing Effects of Abusive Supervision on Low and High Primary Psychopathy Employees. The study is published in the Journal of Business Ethics by Charlice Hurst, assistant professor of management in Notre Dame’s Mendoza College of Business.

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January 25, 2018

Two fifths of people think their jobs will be obsolete within a decade

by Neil Franklin • Flexible working, News, Workplace

A new survey from job site Jobbio claims that more than two fifths of British workers think their job will be obsolete in as little as ten years, compared to over a third of those in the US. Respondents believe roles such as travel agents, telemarketers and factory workers will all disappear. in the longer term, a little over two-fifths of 2,000 British respondents (41 percent) think that they won’t be able to retire until the ages of 70-74 in 2050 with less than a fifth (14 percent) thinking they will get to retire under the age of 65. The survey focuses on the issue of happiness and what makes people happy at work. It found that there are some marked differences between the two countries although people are universally keen to address the issue of work life balance.

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January 24, 2018

Business in the community aims to improve the quality of work for lowest-paid staff

by Sara Bean • News, Wellbeing, Workplace

Financial concerns are increasingly affecting the performance of workers across the UK, with one in eight UK workers (3.7 million) now living in poverty. According to the Money and Mental Health Policy Institute, a quarter of the UK workforce are, to some extent, experiencing financial insecurity. One in five employees (21 percent) report that they are just about managing financially, while a further 5 percent say they are finding things difficult. Aside from the undue stress this causes families, this can also have significant repercussions for employers, in terms of recruitment, retention and productivity. This has prompted Business in the Community, (BITC) with support from the Joseph Rowntree Foundation, to make the case for all employers to improve the quality of work for their lowest-paid staff. Its new campaign, Good Work for All draws on best practice from forward-thinking organisations including Starbucks, Royal Mail and Sodexo, and over a third of BITC members have reported taking company-wide action on low-paid work with successful outcomes.

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January 24, 2018

Majority of global business leaders believe world economy will grow this year

by Sara Bean • News, Workplace

Well over half (fifty seven percent) of business leaders say they believe global economic growth will improve in the next 12 months – almost twice (29 percent) the level of results from the annual survey carried out by PwC . Launched at the World Economic Forum Annual Meeting in Davos, the survey found that optimism in the economy is feeding into CEOs’ confidence about their own companies’ outlook. As 42 percent of CEOs said they are “very confident” in their own organisation’s growth prospects over the next 12 months, up from 38 percent last year. Looking at the results by country though, it’s a mixed bag. In the UK, with Brexit negotiations only recently reaching a significant milestone, business leaders’ drop in short-term confidence is unsurprising (2018: 34 percent vs. 2017: 41 percent). The survey also found that CEOs are determined to find the right talent needed to reap the benefits of the digital disruption, with investments in modern working environments and the establishment of learning and development programmes to help attract and develop digital talent.

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January 22, 2018

People who work in an open plan office feel worse and are less satisfied

by Mark Eltringham • News, Wellbeing, Workplace design

The ongoing debate about the impact of open plan offices on people’s wellbeing and productivity continues to divide opinion. While there is a large amount of data from the likes of Leesman Index and workplace expert Nigel Oseland to suggest that an open plan office is the best solution when applied in the right way and right context, a new study from Karlstad University claims the opposite. The more co-workers that share of a workplace, the less satisfied employees are, and the more difficult they think it is to work collaboratively.

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January 22, 2018

Global business leaders feel more optimistic about the world economy

by Sara Bean • News, Workplace

Attracting and retaining talent is the biggest concern for CEOs going into 2018, but they’re feeling generally more optimistic about the global economy, claims a new report by The Conference Board, the C-Suite Challenge 2018 . A mood amongst senior managers to create organisational cultures that are inclusive, engaged, high-performance, customer-focused, and resilient is prevalent throughout the responses to this year’s survey. The desire for a “culture of innovation” ranks as the number-one innovation strategy in every region (Asia is the one exception, where it is third), every industry, every size company, and among CEOs and C-Suite executives alike. The impact of the New Digital Economy is clearly being felt in the daily processes and practices of organisations, and through the emergence of new competitors from every part of the globe. In Europe’s the c-suite remains worried about the impact of – which is unchanged from last year when it was the 8^th biggest concern. (more…)

January 19, 2018

Apple announces plans for a new campus as part of huge investment programme

by Mark Eltringham • Company news, Property, Technology

Apple has announced plans to create a new campus for its technical support staff and to hire an additional 20,000 employees over the next five years. The details of the new location will be announced later this year as part of a five year plan which the firm claims will make its direct contribution to the US economy hit more than $350 billion. Apple currently employs 84,000 people in the US, with the majority of in California, including at its much publicised new Apple Park campus building in Cupertino (pictured).

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January 19, 2018

You might be surprised at which nations work the longest and shortest hours

by Mark Eltringham • Workplace design

The stereotype of certain nationalities as feckless while others are industrious is upended by new data from the Organization for Economic Cooperation and Development (OECD), which shows that Mexicans work significantly longer hours than anyone else in the world, the Greeks are the Europeans who spend most time at work while the Germans clock up the fewest hours of any of the 35 nations in the survey. In 2016, the average Mexican spent 2,255 hours at work, the equivalent of around 43 hours per week. Greeks worked the longest hours in Europe, at an average 2,035 hours per year with German workers putting in just 1,363 hours per year. The average UK worker, both employed and self-employed, put in an average of 1,676 hours.

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January 17, 2018

Managers’ increasingly long hours behind rise in stress and mental ill health

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

Managers are working an extra 44 days a year over and above their contracted hours, up from 40 days in 2015. These long hours are taking their toll, causing a surge in sick leave amongst managers suffering from stress and mental ill health, claims the Chartered Management Institute (CMI), which is calling on UK employers to provide greater support. Long hours and constant communication are having a detrimental effect on the wellbeing of managers it argues resulting in one in ten managers taking time off for mental health in the last year, and for those who do take time out, it’s for an average of 12 days. Of the 1,037 managers surveyed for the report, the average boss puts in an extra day each week. This is an extra 7.5 hours beyond their contracted weekly hours (44.4 hours actual compared to 37.3 contracted), adding up to an extra 43.8 days over the course of the year. This is up from 39.6 days in 2015. The rising gap between contracted and actual hours of work is in addition to an ‘always on’ digital culture, with 59 percent of managers saying they ‘frequently’ check their emails outside of work – up from 54 percent in 2015.

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January 17, 2018

One in ten people have fantasised about killing their boss

by Neil Franklin • News, Workplace

A new survey of 2,200 people claims that one in ten have fantasised about killing their boss at some point. Construction workers emerged as having the worst relationship with their line managers with nearly a quarter admitting to murderous thoughts (22 percent), followed closely by those working in the media industry (15 percent). The report from B2B comparison site Expert Market claims that more than half of respondents (52 percent) said that they hate their job specifically because of their boss. In fact, one in five workers said that they would actually turn down a pay rise in favour of firing their manager and it’s because people think their boss is not fit for purpose. The majority of those asked (73 percent) believe that they could do their boss’ job far better than them, particularly those in the energy and entertainment industries; 86 percent and 81 percent, respectively.

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January 12, 2018

The complex relationship between productivity, technology and working anywhere

by Mark Eltringham • Flexible working, News, Technology, Wellbeing

A new report produced by Lancaster University’s Work Foundation and commissioned by Citrix, highlights the complex and often strained relationship between productivity, technology, work and the idea of working anywhere. Despite the march of digital transformation, one in four (24 percent) UK managers questioned for this report believe their organisation is not technologically ‘forward thinking’. With Britain’s productivity slowdown the largest of the G7 economies since the recession, over three in five (63 percent) of knowledge workers polled believe they are no more productive today than they were three years ago, with 17 percent even claiming to be less industrious. The paper – Productivity, technology & working anywhere – shows an undeniably positive link between correctly-implemented technology and workplace productivity. However this progress can soon by marred by poor business planning, a lack of innovation, outdated IT and low uptake of flexible working cultures. The research is supported with survey responses from 1,000 knowledge workers and 500 managerial level employees within medium and large organisations across the UK.