Search Results for: finance

January 29, 2018

New RSA report highlights increasingly precarious and diverse nature of work

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

Britain is dividing into seven new classes of worker as the gig economy grows, according to think-tank the RSA (the Royal Society for the encouragement of Arts, Manufactures and Commerce). Striving, Thriving or Just About Surviving has been published to coincide with the launch of the RSA’s Future Work Centre, following RSA chief executive Matthew Taylor’s employment review for Theresa May last year. The report warns of a 30:40:30 society: while around 30 percent live comfortably, economic insecurity is “the new normal” with 40 percent just managing and a bottom 30 percent not managing to get by.

January 19, 2018

Seven of the best workplace stories from the last week (or so)

by Mark Eltringham • Facilities management, Features, Property, Technology, Workplace, Workplace design

The radical idea of a world without jobs

What AI can and can’t do (yet) for your business

WeWork harms 40 percent of coworking spaces in its vicinity

No blind spots in leopards’ eyes: five hopes for Workplace in 2018

Women and men in STEM at odds over workplace equity

Economists grapple with the future of the labour market

Forget Blockchain and Bitcoin, AI is where you should be focussing

January 9, 2018

SMEs employers’ recruitment strategies have altered as a result of Brexit

by Sara Bean • News, Workplace

Half of SMEs (50 percent) questioned in a new survey have changed the way that they recruit their staff as a result of Brexit. The Albion Growth Report 2017 of more than 1,000 SMEs suggests that for businesses which have changed their strategy as a result of Brexit, 15 percent have decreased recruitment resources, 10 percent have begun recruiting in different ways and 9 percent have made redundancies. A difficulty in finding skilled staff is one of the biggest barriers to growth, behind broader political uncertainty and cash flow, which the research claims could lead to a potential war for talent which is likely to become more intense in the post-Brexit environment. By contrast, SMEs view difficulty in finding unskilled staff as the least significant barrier to growth. The report finds that nearly two thirds (65 percent) of SMEs believe their business lacks expertise. More than a quarter (26 percent) of businesses lack marketing talent, followed by business planning (19 percent), IT (17 percent), and software developers and technology specialists (17 percent). Despite critical skills deficits, only a third of SMEs (33 percent) are currently hiring new employees.

December 20, 2017

Companies must reveal gender pay gaps or face unlimited fines

by Neil Franklin • News, Workplace

Businesses failing to comply with gender pay gap reporting regulations could face unlimited fines and convictions, the Equality and Human Rights Commission has warned as it published its enforcement strategy. As the regulatory body responsible for ensuring that all employers with over 250 employees report their gender pay gap statistics, the Commission has set out its enforcement policy for consultation. Although it will take steps to encourage compliance and engage informally with employers who are in breach of the regulations as a first port of call, it will ultimately enforce against all employers who do not publish their gender pay gap information. The Commission’s policy – which is open for consultation from today until 2 February 2018 – explains how the Commission will use a range of its powers.

November 23, 2017

The workplace sector responds to the 2017 UK Autumn Budget

by Mark Eltringham • Architecture, Environment, Features, Property, Technology

Yesterday, the Chancellor Philip Hammond announced the details of the UK government’s latest budget. While Brexit inevitably cast its shadow over the whole thing, there were a number of announcements relevant to the workplace, construction, tech and built environment sectors, many of which have been broadly welcomed by commentators, industry bodies and experts. Among the announcements in the budget were new plans for infrastructure and planning, skills and training, the environment, productivity, AI and regional development.

November 16, 2017

Fear of change is putting British companies at risk, Microsoft report claims

by Mark Eltringham • Flexible working, News, Technology

A fear of change among staff is putting British companies at risk, according to new research that looks at how businesses are preparing for a technology-led future. A significant number of workers from across the UK admitted to anxiety and concerns over job security when their firms introduced technology to help them in their roles. Just under half (49 percent) of the people surveyed by Microsoft, Goldsmiths, University of London and YouGov said they feared the change that comes with digital transformation. Sixty-one percent said they felt anxious when bosses brought in new technology, while 59 percent were worried about the impact the automation of tasks would have on their job.

November 9, 2017

Review: ushering in a new era for the coworking phenomenon ⁰

by Paul Carder • Comment, Coworking, Technology, Work&Place, Workplace design

Ramon Suarez has produced a very practical book, based on his own experience as one of the pioneers of coworking. And let’s be clear – it is coworking (not “co-working”; there is no hyphen), as Suarez explains, “a coworker (a member of a coworking space) is not the same as a co-worker (somebody who happens to work for the same company or in your same office)”. On his business card, Suarez describes his role as “Serendipity Accelerator”- you will understand that if you read the book. Suarez differentiates coworking from its many (and mostly false) aliases. Shared offices may be collaborative, but do not provide the network of people found in a good coworking space. Networked offices, where more than one company shares space and may collaborate, “come close” to coworking. Hacker & Maker spaces, Accelerators, Incubators and Cafes are similarly differentiated.

November 1, 2017

Edinburgh named best city in the UK for coworking

by Mark Eltringham • Coworking, News, Property

Edinburgh has been named as the UK’s leading city for coworking , according to a study from MoneySuperMarket. The firm analysed 18 cities across the UK against key factors, such as the cost per workstation, business insurance and the number of office spaces available, to see which cities are deemed the most desirable places to co-work. The research found Edinburgh to be the best city for coworking spaces, due to its competitive coworking prices, broadband speeds and low number of insurance claims. Brighton and Hove on the other hand ranked last, due to the limited and costly desk space. Although London has the highest number of coworking spaces, the high costs of working in London ensured it finished near the bottom of the list based on the criteria used in the study.

October 23, 2017

Freelancers to make up a majority of US workforce within a decade

by Mark Eltringham • Flexible working, News

Freelance website Upwork and the Freelancers Union have published the results of a report called Freelancing in America: 2017, which the sponsors claim is the most comprehensive measure of the US independent workforce, (but given their vested interests probably needs you to add a pinch of salt and always worth reading Trustpilot reviews). The fourth annual study estimates that 57.3 million Americans are freelancing (36 percent of the US workforce) and contribute approximately $1.4 trillion annually to the economy, an increase of almost 30 percent since last year.

October 5, 2017

Flexible working take up amongst both genders is undermined by negative employer attitudes

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

The majority (83 percent) of workers view flexible working as an important benefit to them but two thirds (66 percent) believe that taking up flexible working halts progression at work. One of the reasons for this dichotomy suggests the results of the Hays UK Gender Diversity Report 2017, is because nearly a third (32 percent) of employees believe men will be viewed as less committed to their career if they take up shared parental leave, and women are less likely to be promoted after having children. While a majority (84 percent) of workers say it’s important that flexible working options are available to them in their workplace, many choose not to take any, and two-thirds think doing so will have a negative impact on their career. Women perceive it will have a negative impact, with over three-quarters (76 percent) reporting this concern and 65 percent of men. Interestingly, both men and women think flexible working options have helped improve the gender balance in senior roles, with 61 percent saying flexible working has improved the representation of women in senior positions, indicating that employers need to address and overturn the negative perception of flexible working and communicate its benefits.

September 22, 2017

Poor time management leaves SMEs with too little time to devote to business growth

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

Poor time management is the greatest obstacle to the growth of Britain’s business enterprises, claims new research commissioned by instantprint which found that sub-optimal time management is a major barrier to business growth. In an average working week a typical business owner finds just 12 hours to pursue activities dedicated to growing their enterprise. One in ten has less than an hour a week earmarked for business growth, while 8 percent say they struggle to find any time at all. A third of business owners polled are unable to find the time they need to run their business effectively, and 53 percent feel their minutes ebbing away under work admin and report writing. Thirty three percent need help managing their finances to save time, while 22 percent feel that responding to customer service concerns could be streamlined. And while the average business owner works a 38-hour week, ten hours of this time is dedicated to completing tasks which they consider a distraction from activities that encourage business growth.

September 13, 2017

Banking sector will be ground zero for job losses from artificial intelligence and robotics

by Gordon Fletcher and David Kreps • AI, Comment, Technology

Deutsche Bank CEO John Cryan has predicted a bonfire of industry jobs as automation takes hold across the finance sector. Every signal is that he will be proved right very soon. Those roles in finance where the knowledge required is systematic will soon disappear. And it will happen irrespective of how high a level, how highly trained or how experienced the human equivalent may currently be. Regular and repetitive tasks at all levels of an organisation already do not need to be done by humans. The more a job is solely or largely composed of these routines the higher the risk of being replaced by computing power. The warning signs have been out there for a number of years as enthusiastic reports about artificial intelligence have been tempered with fears about significant job losses in most sectors of the economy. Many roles have already all but disappeared in the march towards a fully digital economy. Older readers may recall typesetters, typists, and increasingly, switchboard operators and back room postal workers, as work of the last century. And the changing nature of work is relentless.