Search Results for: financial

Economy could achieve significant economic boost by addressing skills gaps in younger people

Economy could achieve significant economic boost by addressing skills gaps in younger people

by • News, Workplace

The UK could boost GDP by around £40 billion a year in the long run if it reduces the number of young people not in education, employment or training (NEET) to match Germany, the best performing EU country. Despite making improvements in recent years, the UK only ranks 19th out of 35 countries across the OECD on a PwC index based on a range of indicators of youth employment, education and training. But this is slightly better than the UK’s ranking of 21st across the OECD on a similar PwC index for older workers released earlier this year. Across England NEET rates vary significantly, reflecting the disparity in educational attainment and job opportunities across the country. In 2017, the West Midlands had the highest NEET rate for 19-24 year olds at 16.7 percent, followed by the North East by 16.3 percent. Meanwhile the South East and South West have the lowest rates, both at 11.5 percent (see table below). (more…)

OECD, UN Environment and World Bank call for a radical shift in infrastructure thinking

OECD, UN Environment and World Bank call for a radical shift in infrastructure thinking

by • Cities, Environment, News

The OECD, UN Environment and World Bank Group have this week called on leaders of G20 countries to do more to enable a radical shift of investment into low-carbon, climate-resilient infrastructure as a way to limit the impact of climate change. Delivering a new report, Financing Climate Futures: Rethinking Infrastructure, to the G20 at its Summit in Buenos Aires, the three International Organisations said governments need to adopt a more transformative agenda on low-carbon, climate-resilient investments if they are to meet the Paris Agreement goal of cutting CO2emissions to net zero in the second half of the century and build resilience to climate change.

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Line up of speakers announced for Workplace Trends: Research Spring Summit

Line up of speakers announced for Workplace Trends: Research Spring Summit

by • Events, Facilities management, News, Technology, Workplace design

The research-driven Workplace Trends Spring Summit returns for 2019. We have two sessions with invited guest speakers, our keynote and the after lunch debate. Following a recent Call for Abstracts and a blind peer review by our two moderators for the day, Nigel Oseland (Workplace Unlimited) and Mark Eltringham (Workplace Insight), the remaining sessions have now been filled with the highest ranked submissions.

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Employers to prioritise career development, wellbeing and flexibility

Employers to prioritise career development, wellbeing and flexibility

by • Flexible working, News, Wellbeing, Workplace

The majority of employers (97 percent) are planning to maintain or increase how much they spend on employee benefits over the next two years, according to new research published today by the CIPD and LCP. In the latest ‘Reward management’ report, released today, 8 in 10 employers (81 percent) said they intend to spend the same amount on employee benefits over the next two years as they currently do, while 16 percent plan to increase their investment to address staff wellbeing and career development.

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Three out of four UK SMEs failing to embrace digital workplace

Three out of four UK SMEs failing to embrace digital workplace

by • AI, Facilities management, News, Technology

Three out of four UK SMEs failing to embrace digital tech innovationsIT analyst Gartner has forecasted that by 2022 cloud will make up almost a third of IT spending, but only a quarter of SMEs are properly prepared for it, claims a new study. The Missed Middle study, commissioned by Crown Workspace, found that three quarters of UK SMEs are failing to embrace workplace technologies such as cloud, mobile working and digital devices. This could impact their business agility, security and financial efficiency. Cost is the most common barrier preventing SMEs from creating the optimum workspace that features modern technology. For instance voice technology has seen huge adoption over the past few years, however less than one in five respondents are ready for it in the workplace. (more…)

Organisations with supportive approach most likely to attract talent

Organisations with supportive approach most likely to attract talent

by • News, Wellbeing, Workplace

Employers must raise their offering to meet the demands of millennials, as they reach a pivotal time in their careers and demand their employers stand for a purpose. This is according to the 2018 Organisational Wellbeing & Talent Insights Report from Gallagher which finds that to have any impact with this audience, organisations must demonstrate a strong employer value proposition. This is essentially, ‘how you want to be seen’; a set of values lived by workers, driven from the top down. The best organisations match these goals by becoming ‘destination employers’ that are able to win over talent with a more supportive approach. (more…)

A cheap day return to Farringdon, please

A cheap day return to Farringdon, please

by • Comment, Facilities management

Timing is everything. Re-launching a professional body while the country’s politics unceremoniously implode could not have been foreseen, but the vacuous space was full of the registered and invited, many with a trail of string going back a few decades or more. What a lovely gathering of old friends it was. On Monday 12th The BIFM formally changed its name to the Institute of Workplace and Facilities Management. This event was to reveal the new creative collateral and celebrate the optimism/excitement/apprehension (delete as applicable).

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Two new studies set out business case for contemporary office design

Two new studies set out business case for contemporary office design

by • News, Workplace design

A brace of new reports sets out to identify the challenges organisations set themselves by inhabiting dated offices and how modern office design principles could address them. According to the Meeting Expectations report, released by K2 Space, workplace productivity is being impeded as a direct result of dated office design. The second study from Saracen Interiors focuses more on the role of office design as a recruitment tool. The reports follow the recent publication of a major report on similar themes from Worktech Academy and Fourfront Group.

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Importance of mental wellbeing underlined on national stress awareness day

Importance of mental wellbeing underlined on national stress awareness day

by • Company news, Wellbeing

In the fourth of their series of wellbeing events leading flooring manufacturer Milliken invited Neil Shah (founder and Director or the Stress Management Society and best-selling author) to run an ‘excelling under pressure’ workshop. Interior designers and architects are known to be amongst the most stressed workers with tight deadlines, financial pressure and an ultra-competitive environment.

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Will technology prove a threat or a godsend in the new workplace?

Will technology prove a threat or a godsend in the new workplace?

by • Comment, Technology, Workplace

In the past decade, the business landscape has fundamentally shifted with the emergence of companies like Uber and Netflix, in addition to the rapid growth of large technology companies such as Apple and Amazon. Underlying this shift is the constant evolution and implementation of technology into the workplace. In a recent report, the World Economic Forum stated that digitisation could add a staggering $100 trillion to businesses by 2025.

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Employers struggle to understand what motivates people in new generation of megacities

Employers struggle to understand what motivates people in new generation of megacities

by • Cities, News, Workplace

Mercer has published the results of an extensive study that examines the needs of workers in the world’s fastest-growing cities across four key factors – human, health, money and work. The study provides insight into the motivations of workers against the backdrop of fierce competition for their talent. The study, People first: driving growth in emerging megacities (registration required), is based on a survey of 7,200 workers and 577 employers in 15 current and future megacities across seven countries, namely Brazil, China, India, Kenya, Mexico, Morocco and Nigeria. As defined by the United Nations, these 15 cities will have a combined population of 150 million people by 2030 and share strong, projected GDP.

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Skills and new businesses drive decade of recovery for UK cities

Skills and new businesses drive decade of recovery for UK cities

by • Cities, News

Improving skills levels and new business formation have been the key long-term drivers of growth for UK cities since the financial crisis, according to the latest Demos-PwC Good Growth for Cities 2018 index that ranks cities on a combination of economic performance and quality of life. The latest Index analyses a decade of economic and social data to determine what long-term factors drive Good Growth. PwC analysis shows that the average city in our index has improved its good growth score significantly over 10 years from 2005-7 to 2015-17, and has now more than recovered from the recession and downturn triggered by the global financial crisis.

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