August 30, 2019

Artificial Intelligence will positively impact accountancy, according to accountants themselves

For many, the thought of adopting artificial intelligence (AI) in the workplace is a daunting prospect. But it seems that the majority of chartered accountants believe it will, in fact, have a positive effect on the industry. According to research conducted by CABA, the charity supporting the wellbeing of chartered accountants and their families, 52 percent believe this to be the case, with 16 percent either unsure or predicating no impact at all. The same research also found that, more generally, the biggest bugbear for chartered accountants was the amount of work expected to be completed in the time available (41 percent). So, it’s encouraging that nearly 1 in 4 (25 percent) agree that AI will let humans add value elsewhere as robots take on more menial jobs. In addition, 17 percent stated that the adoption of AI/automation will increase productivity, with 11 percent also agreeing that it will reduce errors and improve attention to detail. (more…)

August 28, 2019

How a group of visionaries predicted the modern world

by Max Saunders • Features, Technology

From shamanic ritual to horoscopes, humans have always tried to predict the future. Today, trusting predictions and prophecies has become part of daily life. From the weather forecast to the time the sat-nav says we will reach our destination, our lives are built around futuristic fictions. (more…)

August 22, 2019

London demand for tech skills threatens new North-South divide

by Neil Franklin • Cities, News, Technology, Workplace

A new analysis of the UK’s jobs market by Accenture claims that despite growing opportunities in other cities, London has increasingly greater demand for talent in emerging technologies than ten other UK cities combined. According to the report, there are currently 422,000 UK-based professionals with skills in emerging technologies such as data analytics, artificial intelligence, blockchain, extended reality and quantum computing.

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August 21, 2019

The office is increasingly able to recognise you, but will you recognise it?

by John Comacchio • Comment, Technology, Workplace design

Our lives at work are about to change—again. Just as the addition of PC’s and Wi-Fi re-drew the office blueprint, emerging technologies like robots, virtual agents, artificial intelligence (AI), and the Internet of Things (IoT) promise to radically revise the form and the function of work and the workplace. In the near future, your office will know who you are (if it doesn’t yet) and will be ready to greet you with your preferred lighting and the array of digital tools you need to do your job.

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August 20, 2019

Businesses should focus on the greater good of people and society

by Mark Eltringham • News, Working culture

Modern corporations should work in the best interests of society and people rather than focusing primarily on making money for shareholders as they may have in the past, according to an influential group of chief executives. The body Business Roundtable, which represents the heads of some of America’s largest companies, including Apple, Amazon and Exxon Mobil, has issued a statement of its updated corporate governance principles. (more…)

August 19, 2019

“War for talent” and Brexit ramping up staff retention efforts

by Neil Franklin • News, Workplace

News that over one million EU nationals have been given permission to remain in the UK after Brexit, gaining settled or pre-settled status offers businesses expanded talent pools for plugging skills gaps and talent shortages in their workforce. New research claims that talent management concerns are on the rise. With the ongoing ‘war for talent’ intensifying over future skills requirements, businesses must remain vigilant when it comes to the growing technical skills gaps in their workforce, the report suggests. (more…)

August 16, 2019

Office design has a role to play in reflecting neurological differences

by Julian Sharpe • Comment, Workplace design

In recent years, we have seen a growing civil rights movement focused on change in the workplace and in terms of office design, revolving around differences in brain function. Advocates for neurodiversity say that it’s just as critical to business success as gender or racial diversity in the labour force. (more…)

August 16, 2019

Is London Smart City Initiative as smart as it could be?

by George Adams • Cities, Comment, Technology

It’s been a year since the launch of the Mayor of London’s smart city roadmap, designed to transform the capital into the smartest city in the world. But twelve months later, is the city any smarter? The Mayor of London’s smart city roadmap is proposing to transform the capital into the smartest city in the world, and as part of the initiative, Sadiq Khan appointed his first Chief Digital Officer to help steer the plan to focus on knowledge and technical advancements that will make life easier for London’s citizens. (more…)

August 9, 2019

Productivity decline linked to poor employee financial wellness

by Neil Franklin • News, Technology, Workplace

Almost all (98 percent) employers believe that their employees’ financial wellness has a direct impact on productivity and their business performance – especially concerning employee productivity (67 percent) and engagement (62 percent). This is according to the Future of Pay research study (registration) by technology firm ADP, which surveyed 4,000 employees and 2,900 businesses to explore workers’ perceptions and attitudes towards traditional and emerging pay methods to address some of the biggest human capital management concerns. (more…)

July 31, 2019

Construction industry prepares for a downturn

by Jayne Smith • News, Property

Construction industry bosses are reorganising their workforce in preparation for a potential downturn, with higher levels of sub-contracting and lower levels of direct employment, claims new research by the Federation of Master Builders (FMB). There was a decrease in employment levels among small construction firms with 21 percent of employers reporting a reduced workforce. Workloads for construction SMEs grew with 27 percent of employers reporting higher workloads. (more…)

July 30, 2019

GDP should be replaced by new indicators of prosperity and wellbeing

by Neil Franklin • Environment, News, Wellbeing

As the consequences of climate change, social tensions and high levels of inequality are increasingly evident, the Bennett Institute for Public Policy at the University of Cambridge, led by Professor Diane Coyle, has published its initial report on how to improve economic measurement by replacing GDP as the standard measure for national prosperity with others that include wellbeing and social and environmental capital. (more…)

July 25, 2019

UK SMEs must leverage tech-friendly culture to secure talent

by Jayne Smith • News, Technology, Workplace

UK SMEs must create a tech-friendly culture to attract and retain top tech talent, according to a new white paper from Robert Half UK, Recruiting for the future: The challenges for UK SMEs. While remuneration and work–life balance are the top reasons for job moves, SMEs’ ability to offer an innovative culture with high levels of responsibility is central to their ability to secure and retain talent over larger organisations. With the UK talent market suffering from a lack of digital skills, companies across all sectors are locked in a war for talent, competing with one another to hire skilled technology professionals to help their businesses adapt to increased digitalisation. (more…)