Search Results for: future of work

The Fourth Industrial Revolution will be the most disruptive yet, senior economist predicts

The Fourth Industrial Revolution will be the most disruptive yet, senior economist predicts

by • AI, News, Technology

The rise of artificial intelligence and automation will create a Fourth Industrial Revolution that will be be significantly more disruptive than the three previous industrial revolutions, according to the Bank of England’s chief economist. According to Andy Haldane, the transformation caused by automation of cognitive skills had the potential to have a greater impact than Britain’s first industrial revolution, when coal and steam changed the country, the second industrial revolution which brought chemical engineering and the combustion engine, or the widespread use of computers in the 20th and 21st centuries.

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Majority of employees see digital data as way of being snooped on by their boss

Majority of employees see digital data as way of being snooped on by their boss

by • AI, Facilities management, News, Technology, Wellbeing, Workplace

Majority of employees see digital data as way of being snooped on by their bossAs we recently reported, facilities management is more data driven than ever, with the use of data analytics being used to measure costs and performance. This is why the increasingly sophisticated ways in which workplaces can be monitored; from the footfall in the washrooms to the level of desk usage has been welcomed by employers, but a new survey suggests digital data gathering is making staff feel uneasy. A new report published today by the TUC looks at the phenomenon from the perspective of workers’ experiences and found that 6 in 10 workers fear that greater workplace surveillance through technology will fuel distrust. The study reveals that most UK workers (56 percent) believe they are currently monitored by their boss at work and worry that this ‘surveillance data’ will be used by bosses to set unfair targets, micromanage them and take away control and autonomy.

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Facilities managers are smarter and more data driven than ever

Facilities managers are smarter and more data driven than ever

by • Facilities management, Flexible working, News, Technology, Workplace design

Facilities managers are responding to a range of macro influences such as changing demographics, the uptake of flexible working, new technology and social change by adopting a new way of looking at the workplace, claims a new report from CBRE.  The report claims to identify the major trends in facilities management, most important that people increasingly want to choose where and when they work and the effect this has on the physical workplace and its features, services and technology.

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UK labour and skills shortages set to increase as number of EU nationals fall

UK labour and skills shortages set to increase as number of EU nationals fall

by • News, Workplace

Labour and skills shortages in UK set to increase as number of EU applicants fall

A noticeable fall in the flow of EU nationals into the UK has coincided with a drop in the quantity and suitability of job applicants being reported by employers, the latest quarterly Labour Market Outlook from the CIPD and the Adecco Group has revealed. The data suggests that while the short-term outlook for employment remains strong, labour and skills shortages are finally starting to bite, with evidence that the number of applicants per vacancy has dropped across all roles (low, medium and high-skill) since summer 2017. This strong demand for labour is finally increasing recruitment pressures for employers, exacerbated by a ‘supply shock’ of far fewer EU nationals coming into the UK. According to the latest official data, the number of EU-born workers in the UK increased by just 7,000 between Q1 2017 and Q1 2018, compared with an increase of 148,000 from Q1 2016 to Q1 2017. This represents a fall of 95 percent and has fed into a tightening of the labour market. The report also found that while wage growth for the wider workforce is set to remain at around 2 percent for the foreseeable future, new starters and key staff may be more likely to be getting a salary increase.

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How will Crossrail impact the office landscape of London and beyond?

How will Crossrail impact the office landscape of London and beyond?

by • Comment, Property

We are now just a few months away from the grand opening of the central section of Crossrail, the 118km long railway line spanning London and the South East which will, once completed, will deliver a direct connection between all of London’s main employment centres; linking Heathrow with Paddington, the West End, the City and Canary Wharf. This ambitious redevelopment plan will bring huge positive change to the City and is estimated to generate over 850,000 new jobs in the Capital, as well as making the lives of those already working in London easier and more efficient.

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Is driver behind the widening parental leave gap a lack of rights in the gig economy?

Is driver behind the widening parental leave gap a lack of rights in the gig economy?

by • Comment, Flexible working, Legal news, News, Workplace

Could the driver behind the widening parental leave gap be the rise of the gig economy?The already low number of fathers claiming paternity leave has fallen for the first time in five years, to 213,500, down 3 percent from 221,000 last year an analysis by law firm EMW has revealed. To help encourage more men to take paternity leave, the Government launched the shared parental leave scheme in 2015. However, take up of the scheme has also been slow, with less than 2 percent of all UK fathers participating. These latest figures suggest that hundreds of thousands of men are not taking up their entitlement to paternity leave. In comparison with low rates of paternity leave, nearly treble the number of mothers (662,700) took maternity leave in 2017-2018, up from 661,000 in 2016/17. (more…)

New analysis sets out to define fastest growing sectors in London in 2018

New analysis sets out to define fastest growing sectors in London in 2018

by • News, Property

A new analysis from Instant Offices sets out to identify the largest business sectors driving London’s economy. It claims that the three most prominent are information and communication, financial and insurance, and professional, scientific and technical services. The UK Business Register and Employment Survey (BRES) showed distinct trends in growth for specific sectors, in London and in the UK as a whole.

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Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

by • News, Technology, Workplace

An estimated 600,000 vacancies in digital technology are costing the country £63 billion a year, according to information provided by techUK in a report on skills shortages published by the Edge Foundation.The second of the education charity’s bulletins on the UK’s skills shortages, shines a spotlight on the tech industry and the devastating economic impact of the government’s failure to encourage young people to study relevant subjects and upskill existing workers. The bulletin, Skills Shortages in the UK Economy, brings together the most current statistics and analysis of skills shortages in the UK which cost the economy £6.3 billion each year in direct costs such as recruitment and temporarily filling gaps, according to the Open University’s 2018 Business Barometer.

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The satisfaction of self-employed people depends on skills development rather than business growth

The satisfaction of self-employed people depends on skills development rather than business growth

by • News, Wellbeing

Developing skills and knowledge is more important for self-employed people’s sense of career progression than increasing their rate of pay, a new report by IPSE (the Association of Independent Professionals and the Self-Employed) and the IPA (the Involvement and Participation Association) claims. The report, Working well for yourself: What makes for good self-employment?, surveyed 800 people across the country about what constituted ‘good work’ for them. First of all, it found that work satisfaction levels are remarkably high among the self-employed. This reinforces the findings of a 2015 CIPD Employee Outlook survey, which showed that general work satisfaction is higher among the self-employed (81 percent) than employees (61 percent).

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Half of CIOs say Artificial Intelligence will lead to more jobs and improve productivity

Half of CIOs say Artificial Intelligence will lead to more jobs and improve productivity

by • AI, Flexible working, News, Technology, Workplace

Half of CIOs say Artificial Intelligence will lead to more jobs and improve productivity

Fears that Artificial Intelligence will destroy the job market are not shared by more than half (51 percent) of UK CIOs who see AI as a job creator. This is more than three times the number who say that it will diminish workers’ job prospects (16 percent). For the survey UK CIOs were asked, ‘Artificial intelligence is changing the way that companies operate and people work. Do you think AI will have a positive or negative impact on job creation and recruitment?’ Their largely positive response closely reflects that of a recent PWC report which predicts AI could create as many jobs as it displaces in the UK over the next 20 years. (more…)

Barclays to create up to 2,500 jobs at new Glasgow tech hub

Barclays to create up to 2,500 jobs at new Glasgow tech hub

by • News, Property

Barclays has announced plans to develop a new campus at Buchanan Wharf, Glasgow, which will provide what it claims is a state-of-the-art workplace for the bank’s functions, technology and operations teams. The aim is to create a working environment that will ‘help the bank deliver outstanding services to customers and clients by fostering innovation and collaboration’.  Barclays has agreed to purchase the campus development from Drum Property Group Ltd and is currently working with them to finalise the design of the new facility as part of the wider Buchanan Wharf development. It is expected that, once completed, the campus will be able to accommodate up to 2,500 additional roles, doubling Barclays’ current workforce in Scotland and making the bank one of Glasgow’s biggest commercial employers.

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Cities should make the most of their digital connectivity

Cities should make the most of their digital connectivity

by • Cities, News, Technology

Cities need more powers and resources from Government to address digital divides – but also need to make better use of existing technology to transform public services. This is according to a report published by the think tank Centre for Cities in partnership with Telefónica UK. It examines how digital technology – in terms of both fixed and mobile connections – is transforming urban Britain, and the steps national and local leaders can take to ensure people and places across the country benefit. However, the report also warns that many UK cities are not taking full advantage of existing digital connections, and the benefits it could offer to residents and businesses – as well as the potential it has to improve public services.

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