Search Results for: finance

Employers increasingly see AI as a way of reducing headcount

Employers increasingly see AI as a way of reducing headcount

by • News, Technology, Workplace

UK firms are bullish about the use of GenAI but their employees are not so certain, according to a new pollOne in six (17 percent) employers expect AI to shrink their workforce over the next year, with junior roles most at risk, according to the CIPD’s latest Labour Market Outlook which surveyed over 2,000 employers on their hiring, redundancy and pay plans.  Of those, almost two thirds (62 percent) believe that clerical, junior managerial, professional or administrative roles are most likely to be lost because of AI. The risk is highest in large private sector firms, where one in four (26 percent) expect headcount to fall, compared with 17 percent in the private sector overall and 20 percent in the public sector. (more…)

Most people now use unapproved AI tools despite security and privacy risks

Most people now use unapproved AI tools despite security and privacy risks

by • AI, News

A new poll from Microsoft suggests that most UK employees are now using consumer AI tools at work without approval, raising growing concerns about data privacy and cybersecurityA new poll from Microsoft suggests that most UK employees are now using consumer AI tools at work without approval, raising growing concerns about data privacy and cybersecurity. According to the research, 71 percent of UK workers have used or tried unapproved “Shadow AI” tools for work purposes, with more than half (51 percent) doing so on a weekly basis. These tools are often used for writing reports and presentations, drafting communications, and even handling finance-related tasks. (more…)

Return to office policies now more common, but raise people’s expectation of better workplaces

Return to office policies now more common, but raise people’s expectation of better workplaces

by • Flexible working, News, Property, Workplace

The news that Microsoft has introduced a formal hybrid working policy has sparked the usual pointless to and fro on social media about return to office policies, but it would seem for a growing number of firms and their employees, the debate is overThe news that Microsoft has introduced a formal hybrid working policy has sparked the usual pointless to and fro on social media about return to office policies, but it would seem for a growing number of firms and their employees, the debate is over. According to new global research from JLL, 72 percent of employees now view attendance requirements in a positive light, but this shift comes with heightened expectations for workplace quality, flexibility and wellbeing. (more…)

Workstories joins forces with Roger Lewis to shape the future of British furniture design

Workstories joins forces with Roger Lewis to shape the future of British furniture design

by • News

Workstories has announced a merger with Roger Lewis, the renowned specialist in precision joinery and upholstery. The move strengthens the company’s position in British furniture design and manufacturing while broadening its market offering. Over the past twelve years, Workstories has enjoyed sustained growth, featuring in the 2024 Financial Times list of Europe’s long-term growth champions as the fastest-growing UK manufacturer. The addition of Roger Lewis to the portfolio supports Workstories’ vision for quality, sustainable British design and growth, reinforcing its commitment to customer service, expanding expertise, and delivering industry-leading products. (more…)

Cities must embrace the radical retrofit of buildings to meet future challenges

Cities must embrace the radical retrofit of buildings to meet future challenges

by • News, Property, Workplace design

The Radical Retrofit report by Economist Impact, supported by JLL, argues that making cities more sustainable and resilient will depend on retrofits that improve safety, health and accessibility, while also driving economic valueAs cities continue to grow, the pressure on infrastructure, resources and the environment is intensifying. A new global study warns that urban centres must move beyond new construction and reimagine the buildings they already have. Retrofitting – enhancing and upgrading existing structures -is emerging as a key strategy to cut emissions, improve energy performance and boost urban liveability. The Radical Retrofit report by Economist Impact, supported by JLL, argues that making cities more sustainable and resilient will depend on retrofits that improve safety, health and accessibility, while also driving economic value. Though still in its early stages, the movement is gaining traction across global cities such as Singapore, New York, Paris and Dubai. Yet the pace must accelerate dramatically from today’s retrofit rate of 1 percent per year to at least 3 percent to align with net-zero goals. (more…)

Office utilisation reaches equilibrium, and demands a rethink of workplace strategy

Office utilisation reaches equilibrium, and demands a rethink of workplace strategy

by • News, Property, Workplace design

The British Council for Offices (BCO) has published a new report which claims that while office utilisation rates have stabilised, there has been a fundamental shift in how offices are usedThe British Council for Offices (BCO) has published a new report which claims that while office utilisation rates have stabilised, there has been a fundamental shift in how offices are used, with major implications for developers, investors and occupiers. The report, authored by Nigel Oseland of Workplace Unlimited, shows that the long-standing benchmark of 80 percent office utilisation is no longer fit for purpose. Post-pandemic data suggests a more realistic, but nevertheless conservative, figure of 66 percent equating to an effective density of 15 sq. m per occupant, up from the previous 12.5 sq. m. This recalibration reflects a maturing flexible working model that empowers organisations to right-size their space, reduce waste and enhance employee experience. With high-profile organisations in financial services and the public sector under the spotlight for space misalignment, the report offers timely, evidence-based guidance for the sector. (more…)

Occupiers seek broader value from workplace strategies

Occupiers seek broader value from workplace strategies

by • News, Property, Workplace design

A new report from Cushman & Wakefield, in partnership with CoreNet Global, claims to highlight how corporate occupiers are adjusting their real estate and workplace strategies in response to ongoing cost pressures and shifting organisational prioritiesA new report from Cushman & Wakefield, in partnership with CoreNet Global, claims to highlight how corporate occupiers are adjusting their real estate and workplace strategies in response to ongoing cost pressures and shifting organisational priorities. The What Occupiers Want 2025 survey is based on responses from over 230 senior real estate leaders across global markets. While cost remains the primary driver of decision-making, the findings suggest that occupiers are placing increased emphasis on performance, employee experience and long-term value. (more…)

Workplace AI doesn’t appear to be having a negative effect on wellbeing for now, research suggests

Workplace AI doesn’t appear to be having a negative effect on wellbeing for now, research suggests

by • AI, News, Wellbeing

A new study published in the journal Nature: Scientific Reports offers a cautiously optimistic view of how artificial intelligence is affecting workers’ wellbeingA new study published in the journal Nature: Scientific Reports offers a cautiously optimistic view of how artificial intelligence is affecting workers’ wellbeing. Contrary to common fears, the research finds no clear evidence that AI exposure is harming workers’ mental health or job satisfaction. In some cases, it may even be contributing to small improvements in physical health, particularly among workers without a college degree. (more…)

Data centres are the real powerhouses behind AI

Data centres are the real powerhouses behind AI

by • AI, Comment

For many year data centres have remained anonymous and physically low-key with a light air of mystery and suspicion around what actually happens in these technical boxes on the landscape. Yet, they are so vital to our lives, and this is only set to increase as the players in the datacentre world need to stand up to be counted.The Datacloud Global Congress took place during the first week of June, handily nestled between BCO Milan and London Tech week where the government announced an £86 billion boost to science and tech, with the intention of propelling Britain to world-leading status for research and innovation. These are three events with very different content, yet are also intrinsically linked for progressive and high performance societies and organisations. This was the 20th anniversary of Datacloud Global Congress, the flagship event for the sector – “mipim for data centres” some say. (more…)

Half of company directors think their board is of no value to the business

Half of company directors think their board is of no value to the business

by • Business, News

Almost half (46 percent) of company directors in the US and UK think their boards do not add enough value to their organisation. according to the Board Value Index from Board Intelligence.Almost half (46 percent) of company directors in the US and UK think their boards do not add enough value to their organisation, according to the Board Value Index from Board Intelligence. The Board Value Index is based on responses from more than 200 executive and non-executive directors from companies with over $50 million in turnover across the UK and US. Almost a third (31 percent) of directors surveyed said that their board adds no value at all, with half of that group believing their board is actively holding their organisation back. (more…)

Young women say they need help to escape the trap of insecure work

Young women say they need help to escape the trap of insecure work

by • Flexible working, News, Wellbeing, Workplace

New research from Young Women’s Trust suggests that insecure workers are feeling trapped, disposable, undervalued and unprotectedYoung women are urging employers to improve flexibility, provide more notice of shift rotas and cancellations, and invest in training and skills development for workers on zero-hours and fixed-term contracts – as new research from Young Women’s Trust suggests that insecure workers are feeling trapped, disposable, undervalued and unprotected. Young women are one of the groups most exposed to the challenges of insecure work because they’re more likely to enter the industries that use it. They’re also paid less than men in insecure jobs. On top of this, there’s a ‘sticky floor’ effect whereby young women feel trapped and unable to leave – almost 3 in 10 (27 percent) said that they don’t feel confident enough to move out of insecure work when they want or need to. Many also cited the lack of opportunities to develop their skills leaving them feeling ill equipped to find permanent employment. (more…)

Furniture industry body unveils its plans for growth and government engagement

Furniture industry body unveils its plans for growth and government engagement

by • Furniture, News

The British Furniture Confederation (BFC), the public affairs umbrella body of furniture and beds, furnishings and flooring sector trade associations, has unveiled its new Plan for GrowthThe British Furniture Confederation (BFC), the public affairs umbrella body of furniture and beds, furnishings and flooring sector trade associations, has unveiled its new Plan for Growth. The document supports BFC’s advocacy across four key pillars: skills and education; trade and exports; standards and regulations; and the environment and circular economy. It has been developed over the past few months, evolving from a combination of position papers written by the associations’ executives and a comprehensive survey of their collective members. (more…)

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