August 11, 2020

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…)

August 11, 2020

UK faces urgent AI skills gap, Microsoft report claims

by Neil Franklin • AI, News, Technology

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…)

August 11, 2020

UK businesses lead the way on lockdown wellbeing

by Neil Franklin • News, 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…)

August 11, 2020

Freelancer income fell by a quarter during lockdown

by Jayne Smith • News

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…)

August 10, 2020

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

by Neil Franklin • News, Property

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…)

August 4, 2020

Boardroom heroes needed to transform working cultures

by Alex Fleming • Comment, Flexible working

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…)

July 29, 2020

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

by Neil Franklin • News, Workplace

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…)

July 23, 2020

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

by Neil Franklin • News, Wellbeing, Workplace

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…)

July 22, 2020

Older people are happiest at work

by Neil Franklin • News, Wellbeing

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…)

July 9, 2020

Mental health and coronavirus: a human resources perspective

by Ian Caminsky • Comment, Flexible working, Wellbeing

In 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…)

July 8, 2020

Mental health of finance workers seriously harmed by lockdown

by Neil Franklin • Flexible working, News, Wellbeing

More than eight-in-ten London-based banking and finance professionals (86 percent) say Covid-19 lockdown has affected their mental health, according to a new survey of white-collar employees by Helix Resilience. According to the survey of 352 banking and finance professionals, over half (52 percent) of respondents claim to be less productive, and nearly four-in-ten (39 percent) say they find it difficult to concentrate outside the office. While most working in the sector (53 percent) feel their employer is doing enough to support their wellbeing during lockdown, a third (33 percent) do not feel supported. (more…)

July 2, 2020

Leaders need to develop a high care quotient for the new challenges they face

by Chris Parke • Comment, Wellbeing, Working lives

Everything has taken a hit in 2020. Nothing has gone unscathed or unchanged – and the same goes for leadership. From boardrooms to living rooms, meeting rooms to spare rooms, leadership has moved away from face-to-face interactions to digital communications. Meanwhile, forward-thinking initiatives, spurred on by continuing diversity imbalances and widening gender pay gaps, have been put on hold. Following government guidance, only half of businesses published their 2018-19 gender pay gap report – which could reportedly push gender equality back a whole generation. We are risking losing sight of what’s important to us – and unless we’re intentional about how we make systemic, much-needed organisational changes, they’re not going to happen if we only focus on more ‘critical’ things, or keeping the lights on. (more…)