Search Results for: finance

October 22, 2018

Nearly a quarter of London office take up is in financial sector, says CBRE

by Sara Bean • Facilities management, News, Property

Despite political and economic uncertainly and the aftermath of the global monetary crisis in 2008, London remains a leading global financial centre, with nearly a quarter (24 percent) of the capital’s office take-up attributed to banking and finance occupiers over the last ten years. London is by far the most active banking centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. (more…)

October 19, 2018

Smart spaces and the other top technology trends for 2019

by Mark Eltringham • News, Technology, Workplace design

Technology researcher Gartner has highlighted the top strategic technology trends it believes organisations should be aware of in 2019. Gartner defines a strategic technology trend as one with ‘substantial disruptive potential that is beginning to break out of an emerging state into broader impact and use, or which are rapidly growing trends with a high degree of volatility reaching tipping points over the next five years’. One of the interesting points to note is the inclusion of the physical workplace yet again, as we highlighted in our recent feature on the trends shaping office design.

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October 16, 2018

The self-employed live day to day but remain worried about plans for the future, claims study

by Mark Eltringham • News

Self-employed workers are mostly financially secure and happy in the present, but concerned about the future, a new report by IPSE (the Association of Independent Professionals and the Self-Employed) and Sherpa has found. The report, ‘The Path to Prosperity, claims that although almost three quarters (72 percent) of freelancers are currently enjoying life because of how they are managing their money, 77 per cent are concerned the money they have – or are going to save – will not last. It also found that over half (51 percent) of the self-employed have felt anxious or stressed about their financial situation. This is exacerbated by the lack of tailored money management advice and flexible savings products available for the self-employed.

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October 8, 2018

Brexit has already caused banks to move head counts away from UK

by Sara Bean • News, Technology, Workplace

A new report published by Information Services Group (ISG) claims that UK banks are already moving headcount out of the UK and building new centres of excellence in other EU countries. The reason it suggests is because Brexit is likely to disrupt the UK and Europe applications development and maintenance (ADM) services markets in the coming months, with the impact felt most notably in the banking, financial services and insurance (BFSI), healthcare and life sciences (HCLS) and manufacturing sectors. However, a September report from Reuters found that so far just 630 jobs in the finance sector have been relocated from the UK. (more…)

October 8, 2018

Unskilled and low skilled men most at risk from Brexit

by Neil Franklin • News, Workplace

Men with GCSE qualifications or below employed in certain manual occupations are more likely than other groups to work in industries at particular risk from new barriers to trade with the EU after Brexit. Historically, those in this group have struggled to find equally well-paid work elsewhere when job losses have occurred. That is one of the key conclusions from detailed new analysis of trade data carried out by researchers at IFS and funded by the ESRC’s UK in a Changing Europe initiative.

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October 1, 2018

Fathers seek more flexible working, but remain concerned about impact on career

by Neil Franklin • Flexible working, News

As more and more women are staying in the workplace after having children – and often full time – parents are demanding greater access to flexible working, but dads are still being held back by old-fashioned policies and fears that their employer will react negatively to requests to work flexibly, according to two new Workingmums.co.uk surveys.

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October 1, 2018

National Work Life Week research reinforces appeal of flexible hours

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

National Work Life Week (1st – 5th October 2018) starts today with the aim of encouraging companies to think about their employees’ wellbeing and happiness. To mark the week new research asked British workers about the things they most want from their work. The YouGov surveyof 2,000 adults, commissioned by the Oxford Open Learning Trust, found that while money is predictably the biggest motivator behind career choice (64 percent), over half of the respondents cited working hours and flexible working as an important factor (55 percent). (more…)

September 25, 2018

Mid-life report published to help older workers manage their careers

by Sara Bean • Flexible working, Legal news, News, Workplace

Last year John Cridland published his Review of the State Pension age, and one of his recommendations was for a ‘Mid-Life MOT’ for people’s late 50s and early 60s. Now a joint report, ‘Developing the mid-life MOT’, published today by the Centre for Ageing Better, outlines the response by industry to the review’s call for a better way of supporting people in their 40s, 50s and 60s to think about their careers and future lives. The report presents case studies of different approaches to the ‘mid-life MOT’ being tried out by Aviva, Legal and General, The Pensions Advisory Service (TPAS) and Mercer and offers insights to other employers thinking about introducing similar support for their own workers. The report suggests it is important that a mid-life MOT is the start of an engagement process, with participants signposted and encouraged to take up further support. Mid-life MOTs need a clear purpose that is understood by all stakeholders and participants.

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September 24, 2018

Executives understand the importance of big data but have little idea what to do with it

by Mark Eltringham • News, Technology

When board members in big firms make critical decisions about their organisations, it is almost always behind closed doors. So exactly how and if senior leaders draw on big data factors in their decision-making is largely unexplained. Researchers from Brunel University studied top-level decisions by board managers at 19 organisations in manufacturing, finance, consultancy, IT and air travel. The study, published in the Journal of Business Research looked at how board managers think and act and the mental models and skills they use to weigh up big data. Directors, it suggests, recognise big data’s potential to improve their decision-making. But many admit feeling ill-equipped to do this, whether through their own technical skills or the new type of non-linear thinking needed. (more…)

September 18, 2018

Britain should make it easy for high skilled immigrants in the wake of Brexit vote

by Mark Eltringham • News

The UK Government should restrict levels of immigration by low-skilled workers after Brexit, but at the same time make it considerably easier for for medium-skilled and high-skilled workers from around the world, according to a new report from the Migration Advisory Committee. The detailed report was commissioned in July 2017 by Home Secretary Amber Rudd. Its main conclusion is that there is a great deal of hard evidence of the benefit enjoyed by the UK as a result of the migration of highly-skilled migrants and that future policy should reflect this. The study published today, Tuesday, is expected to have a significant effect on the contents of the government’s immigration white paper, due for publication later this year. The report’s conclusions closely match the policy proposals that Home Office officials have outlined to immigration specialists. However, no special preference would be given to EU citizens in the UK’s future immigration system post-Brexit.

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September 18, 2018

Employees often too busy keeping up with workloads to innovate

by Sara Bean • AI, News, Technology, Workplace

The majority of workers say their workplace regularly asks them to innovate, but a full 65 percent say they’re so swamped with day-to-day work that they don’t have time to think about the future, a new report by Workfront claims. Yet their work remains important to employees, as over half (57 percent) says what they do matters to them personally. The report also found that UK workers rate their own contributions higher than those of their colleagues. On average, most workers scored their productivity at 7.84/10, compared with 7.05 for co-workers and 6.28 for company leadership. Most do believe though that automation will boost personal productivity, as seventy-seven percent thought that the rise of automation will help people and teams think of work in new and innovative ways. There are concerns too regarding too many time wasting activities, with staff spending only 39 per cent of their workday on their primary tasks. Emails and pointless meetings topped the list of things that keep knowledge workers from getting work done.

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September 12, 2018

A new era of technology could resolve UK low productivity at last

by Neil Franklin • News, Technology

A new McKinsey study sets out to address the reasons why the United Kingdom experiences chronically low productivity and what can be done to use technology to improve its performance. In the report, Solving the UK’s productivity puzzle in the digital age, the authors argue that “Britain stands out as one of the worst productivity performers among its peers”. They argue that there are four distinct reasons for the weakness since the economic crisis: “boom and bust” in the financial sector, the strength of employment growth, weak investment and uneven “digitisation”. It claims that the UK is operating at only 17 per cent of its digitisation potential, indicating how much scope for improvement there is.