Search Results for: financial

The challenge for the office is to stay relevant

The challenge for the office is to stay relevant

The world is going through some painful changes at breakneck speed. As a result, the word unprecedented has reached number one spot on our ‘words to avoid’ list. What’s the big deal with unprecedented anyway? Our obsession with all things unprecedented taps into our fear of the unknown. But life itself is an unknown: Life is beta. Nothing is permanent. Every single day things happen that are unprecedented. Damn, said it again. (more…)

People plan to retain sustainable new habits after lockdown

People plan to retain sustainable new habits after lockdown

Britons are keen to continue with low-carbon lifestyle choices adopted during lockdown, according to research by Cardiff University and The University of Manchester. Two wide-ranging surveys conducted by the UK Centre for Climate and Social Transformation (CAST), which is coordinated by Cardiff University, suggested lockdown had upended people’s habits, from buying and travelling less, to reduced energy use and cutting down on food waste. (more…)

Rich, female and over- 45? It`s much more likely you thrived during lockdown

Rich, female and over- 45? It`s much more likely you thrived during lockdown

The characteristics that meant you were most likely to thrive during the Covid-19 lockdown have been identified in new research by emlyon business school. The researchers, from emlyon business school’s Lifestyle Research Center, have studied people’s lifestyle, circumstances, and behaviour during the Covid-19 lockdown period, to examine how it has impacted their mental and physical wellbeing. The data comes from a survey of over 1000 respondents, split evenly across France and the UK, gathered near the end of the lockdown period in May. (more…)

UK faces urgent AI skills gap, Microsoft report claims

UK faces urgent AI skills gap, Microsoft report claims

The UK is facing an AI skills gap that could leave companies struggling to compete with rivals from across the world, a new Microsoft report claims.  The research, entitled AI Skills in the UK, also found that businesses in this country use less AI than firms overseas, and when they do it tends to be less advanced. UK organisations are also less likely to be classed as “AI pros” compared to the global average (15 percent versus 23 percent), and the UK has a higher failure rate of AI than the global average (measured by the number of projects generating no commercial value – 29 percent versus 19 percent). (more…)

UK businesses lead the way on lockdown wellbeing

UK businesses lead the way on lockdown wellbeing

Business leaders around the world have focused on protecting their employees in their immediate COVID-19 response, with UK CEOs leading the pack on mental wellbeing support. Some 93 percent of UK CEOs (92 percent globally) prioritised protecting employee health and safety over everything else. However, UK CEOs were found to have been significantly more focused on their employees’ mental wellbeing than their global counterparts, with 90 percent providing wellbeing support and initiatives, compared with 61 percent of CEOs globally. (more…)

Freelancer income fell by a quarter during lockdown

Freelancer income fell by a quarter during lockdown

In the second quarter of 2020, freelancers’ average income dropped by 25 percent, according to the latest freelancer Confidence Index by IPSE (the Association of Independent Professionals and the Self-Employed). According to IPSE, the drop in income was driven by a record fall in the average number of weeks freelancers worked this quarter. Between March and June, the average freelancer went 5.5 weeks out of 13 without work. Combined with a 3 percent fall in freelancers’ average day rates, this led to average quarterly earnings declining by 25 percent from £20,821 in Q1 2020 to £15,709 in Q2 2020. (more…)

Central London office leases fall by over half in second quarter of 2020

Central London office leases fall by over half in second quarter of 2020

According to research from DeVono Cresa, the second quarter of 2020 saw 1.2 million sq. ft of office space leased across central London – a drop of 57 percent on the previous quarter. With the market feeling the full effects of the COVID-19 lockdown, demand, availability and rents in central London all trended as predicted, but with the pace somewhat subdued. Q1 2009, at the time of the Global Financial Crisis (921,000 sq. ft leased), remains the lowest quarter of take-up. (more…)

Boardroom heroes needed to transform working cultures

Boardroom heroes needed to transform working cultures

Even as the UK starts to open back up following the COVID-19 enforced lockdown, there are still many unanswered questions about how almost every aspect of our lives will be impacted. What is certain though, is that we will continue to see a paradigm shift take place across all areas of the workplace. Employers must ensure they have the right measures and policies in place to deal with the transformations that have taken place across the UK’s labour market throughout the lockdown period. This is crucial, as only those who have a strong workplace culture will succeed in the post-pandemic world. (more…)

Many firms say over half of workforce will be gig workers in near future

Many firms say over half of workforce will be gig workers in near future

An updated report from Aon claims that 26 percent of European HR directors believe that half of their workforces will comprise of so-called gig workers in five years time, while 18 percent of UK respondents say that 75 percent or more of their workforce will be made up of contractors over the same period. (more…)

Firms whose leaders aim to serve, enjoy higher profits and employee morale

Firms whose leaders aim to serve, enjoy higher profits and employee morale

Managers who put themselves at the service of their teams, rather than the other way around, actually have a positive impact on profit, according to new research led by academics at emlyon business school. This claims to be the first research paper to find that, not only does servant leadership improve employee morale, but it also increases company profit too. The paper, published in the Journal of Business Ethics complements what was previously the general consensus on servant leadership; it’s good for people management and employee morale, but did not positively impact on company performance or profits. (more…)

Older people are happiest at work

Older people are happiest at work

The latest edition of the annual Age Research by Engaging Works claims that the happiest people in the workplace are those beyond middle age. By comparison, young employees don’t feel rewarded or recognised and feel that their views are not heard at work. They are also more likely to suffer anxiety in the workplace. However, it’s middle aged employees who are struggling the most at work, admitting that they feel the least developed. They also feel that they have a poor feeling of wellbeing at work and that they don’t have enough information to do their job. (more…)

Mental health and coronavirus: a human resources perspective

Mental health and coronavirus: a human resources perspective

mental healthIn March, coronavirus presented a stark challenge to businesses attempting to cope with workplace absence. FirstCare statistics show that during Q1 2020, more than 98 percent of Covid-19-related absences were due to unconfirmed cases, self-quarantining as a precaution, or caring for dependents. This has resulted in huge financial pressure on businesses. Now though, as restrictions are gradually eased, human resources must respond to the mental health challenges the pandemic has manifested in workers, including grief, trauma, PTSD and more general anxiety. (more…)