Search Results for: future of work

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

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

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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UKGBC launches new industry task group on net zero carbon buildings

UKGBC launches new industry task group on net zero carbon buildings

UKGBC launches new industry task group on net zero carbon buildingsA new task group spearheaded by the UK Green Building Council (UKGBC) being launched which will develop an industry-led definition for net zero carbon buildings. The task group brings together over thirty experts from across the building value chain and is being supported by 12 leading industry bodies. Following the recent IPCC report and the Paris Climate Agreement, worldwide attention has switched to achieving “net zero emissions” to escape the worst impacts of climate change.  To answer this, a global campaign is being led by the World Green Building Council – calling for all new buildings to be net zero carbon in operation by 2030 and all existing buildings to achieve this standard by 2050. Its aim is to build industry consensus on a definition for net zero carbon buildings, which can then be used to advise project designs, planning requirements and building regulations.

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Employers to prioritise career development, wellbeing and flexibility

Employers to prioritise career development, wellbeing and flexibility

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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New report challenges idea that productivity has no link with income

New report challenges idea that productivity has no link with income

A new IZA World of Labor report published today suggests that workers’ effort may be more responsive to wage incentives and therefore the efficiency costs of progressive labour income taxation larger than previously thought. A fundamental question in economic policy is how labour supply responds to changes in remuneration. The responsiveness of labour supply determines the size of the employment impact and efficiency loss of progressive income taxation for example. The economist Tess Stafford of the University of New South Wales, Australia, summarises a number of recent studies of independent contractors’ labour supply which confirm a key prediction of economic theory: workers work more (in fact, quite a bit more) when earnings are temporarily high.

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Generation Z are more motivated by job satisfaction than money

Generation Z are more motivated by job satisfaction than money

Generation Z more motivated by job satisfaction than moneyGeneration Z, the latest generation to enter the workforce, are more likely to be motivated by job satisfaction and working for social good than by money, a new report claims According to new research from Huawei, in partnership with Chris Brauer, Director of Innovation at Goldsmiths, University of London, based on responses from 2,000 18-25-year olds’ across the UK, also reveals that a new tribe of working professionals among Gen Z is emerging, the ‘New Working Order’. More →

New interior design collective launches in Manchester

New interior design collective launches in Manchester

Mix Design Collective in association with Bruntwood, part of Mix Week Manchester, is a brand-new workplace design event that will celebrate the best national and international design products. Created by Mix Group, home to Manchester Headquartered, award winning Mix Interiors magazine and Out There Events, Mix Design Collective will see themed spaces, curated by leading architects and designers including Gensler, Hassell, Faulkner Brown Architects, Incognito, Michael Laird Architects and tp bennett. Heart Space, Health & Wellbeing, Engage, Smart & Connected, New Analogue and Escape will showcase a range of workplace settings incorporating cutting edge design ideas and products. Mix Design Collective is a must attend event and free of charge for those involved in architecture, design, commercial property and construction. Visitors will have access to the design leaders of the future whilst being immersed into the six live working zones.

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The meaning of life, the Black Mirror of Beijing, standing desks not a silver bullet and some other stuff

The meaning of life, the Black Mirror of Beijing, standing desks not a silver bullet and some other stuff

So, what is the meaning of life? According to a study by Pew, the gold standard US based researchers, it’s spending time with family and friends, reading, listening to music and going for a walk in the open air. Work comes somewhere down the list. Just one-third of the survey’s respondents mentioned their career or job as a source of meaning, and only a quarter cite finances or money. This, it turns out, is not too far off Monty Python’s conclusion in their eponymous film:  Try and be nice to people, avoid eating fat, read a good book every now and then, get some walking in, and try and live together in peace and harmony with people of all creeds and nations. That’s that sorted then.

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New report writes an obituary for the commercial office lease

New report writes an obituary for the commercial office lease

A new white paper from Magenta Associates (registration required) explores the fate of the traditional commercial office lease in the context of deep social, political and economic changes. Earlier this year, a group of senior corporate real estate (CRE) and facilities management professionals were invited to participate in a roundtable, led by author of The Elemental Workplace Neil Usher, to discuss whether time is up for the traditional commercial office lease and how viable alternatives might look in the future.

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Fostering creativity within organisations through space and culture

Fostering creativity within organisations through space and culture

In organisations around the world, hierarchical structures are breaking down, replaced by deeply interconnected, constantly shifting networks, linked by innovative technology. Meanwhile, huge leaps forward in artificial intelligence promise to fundamentally change the nature of work, either by enhancing or replacing human-beings. Research by McKinsey suggests that half of today’s work activities could be automated by 2055, with repetitive and process-based roles the first to go. For employees, this looks likely to mean a greater focus on creative skills, where humans retain an advantage. These skills are not restricted to being purely artistic, as creativity describes the process of problem-solving in a new way. The rise of creativity is also being driven by new generations entering the workplace with different demands and expectations than those before them.

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Gig economy set to boom to meet growing need for digital skills

Gig economy set to boom to meet growing need for digital skills

Gig economy set to boom to meet increasing need for digital skillsOver a quarter of businesses plan to hire temporary or contract staff in the next 12 months to help plug skills shortages created by digitalisation as more than half of CEOs are concerned about a lack of digital skills within their organisation. This is according to the Robert Half 2019 Salary Guide which argues that technology is reshaping businesses; with two in five UK organisations (38 percent) considering digitalisation as the main evolving force in the workplace today. This shift has created demand for a new set of skills, such as DevOps, data visualisation, data management and analytics. While softer skills such as resilience, adaptability and critical thinking remain key characteristics in potential employees, a third (31 percent) of employers state that a candidate’s technical skillset is their most important consideration when making a new hire. Around 1.6 million1 (28 percent) UK businesses plan to hire temporary or contract staff in the next twelve months, to combat the lack available talent required, which is creating a critical skills gaps in the workplace.

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Gen Z are technologically literate but not actually robots, Dell study confirms

Gen Z are technologically literate but not actually robots, Dell study confirms

Generation Z is entering the workforce, bringing with it a tech-first mentality that will propel businesses further into the digital era while potentially deepening the divide among five generations in the workplace. According to global research commissioned by Dell Technologies, post-millennials – those born after 1996 and known as Gen Z – have a deep, universal understanding of technology and its potential to transform how we work and live.

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