Search Results for: future of work

Majority of employers fear lack of sufficiently skilled people to meet tech challenges

Majority of employers fear lack of sufficiently skilled people to meet tech challenges 0

by • Legal news, News, Technology, Workplace

Majority of employers fear a lack of skilled staff to meet increased need for talentThree quarters (75 percent) of businesses expect to increase the number of high-skilled roles over the coming years, but 61 percent fear that there will be a lack of sufficiently skilled people to fill them. This is according to the 2017 CBI/Pearson Education and Skills Survey which highlighted that 62 percent see strong competition for candidates with appropriate qualifications as the most widespread cause of skills shortage, followed by a lack of candidates with appropriate qualifications (55 percent). According to the report, while the Brexit debate generates plenty of heat, ‘it’s the white heat of technological change that will mean huge change to the jobs of 2030’. Add that to the obvious question about what skills we’ll need to ‘home grow’ in the absence of free labour movement, and the skills gap is brought into sharper relief argues the report.

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Twenty-first century construction is increasingly environmentally friendly

Twenty-first century construction is increasingly environmentally friendly 0

by • Environment, Facilities management

One thing is clear — within the next 20 years, we will reach our peak capacity in terms of oil consumption as a planet. Although, as demand for oil appears to increase year upon year, the global production of oil appears to decrease. As a result of this growing problem, the construction industry still derives most of its energy sources from oil-based fuels. Throughout the Western world, it is evident that the construction sector is heavily reliant upon crude oils. The reason for this is that without them, the construction process would not be able to function in its current form. This is however, having a detrimental impact on greenhouse gas emissions. Within the UK, 50 percent of carbon emissions are accounted for by the construction industry and machinery within the production process.

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Balfour Beatty predicts a human free construction site by 2050

Balfour Beatty predicts a human free construction site by 2050 0

by • AI, News, Property

Balfour Beatty has  published a paper called Innovation 2050: A Digital Future for the Infrastructure Industry, which predicts that the construction site of the future will be in stark contrast to what we see today. Most notably it will be human-free with work moved off-site with remote control of machinery and new materials and techniques exploited to improve cost, safety and efficiency. The report claims that technology has already revolutionised contemporary life to such an extent that it’s not so hard to imagine radical changes for construction not least the emergence of new roles and the requirement and evolution of new skills to support delivery of the future pipeline of construction projects.

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Skills gap costs British employers over £2 billion a year

Skills gap costs British employers over £2 billion a year 0

by • News, Workplace

A shortage of people with the right skills has cost companies more than £2 billion over the past year, despite employment being at a record high, according to the latest findings of The Open University Business Barometer. The study of hundreds of employers found that the majority of businesses have had to pay as much as £527 million above the market rate to recruit skilled workers. At small and medium-sized companies, the average salary increase amounted to £4,150 per recruit. At larger groups, it stood at £5,575. Companies said that they also had faced increased recruitment costs, including paying temporary staff to fill the gap while suitable candidates were found. Nine out of ten said that they had struggled to recruit people with the right skills.

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Business Centre sector continuing to thrive amidst increased competition and Brexit uncertainty

Business Centre sector continuing to thrive amidst increased competition and Brexit uncertainty 0

by • Flexible working, News, Property

New research published by the Business Centre Association (BCA) in collaboration with CBRE claims that the business centre sector enjoyed a 13 percent increase in turnover and was home to around 11 percent more workers in 2015 and 2016, despite initial fears about the impact of Brexit on the sector, and increasing competition from new entrants into the market. The sector is worth around £3.3bn in terms of turnover, up from £2bn in 2013. The findings come from The UK Business Centre Market report which surveyed 580 business centres, representing 23 percent of the sector across the country, to assess the current state of the market. Overall, the report found the UK wide business sector is now home to 93,000 individual small businesses which employ over 480,000 people, supporting around £18bn of GDP.

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Why using recyclable materials is no longer enough to protect the environment

Why using recyclable materials is no longer enough to protect the environment 0

by • Comment, Environment, Workplace design

recyclable materialsA few years ago, the most commonly recognised symbol of humankind’s impact on the environment was the image of a solitary polar bear, adrift on a rapidly shrinking ice floe. Google a term like ‘melting ice caps’ even now, and you’ll still derive a host of variations of the same meme. More recently a new and even more unpleasant series of symbols has emerged for a similarly environmentally catastrophic phenomenon, carried worldwide on the tide of social media. This time, they are not about the way we pollute the atmosphere but also the land and seas, particularly with plastic. Social media feeds are packed with images of the corpses of seabirds, their flesh rotted away to expose the amount of plastic they have consumed. This is the new face of environmental disaster. This is not just an issue that affects birds, however. Barely a day passes when we cannot see a new image of turtles malformed after getting caught up in plastic netting or six pack rings, whales beached after choking on dozens of discarded plastic bags they’ve mistaken for food, clogged waterways and oceans, piles of rubbish and beaches that consist in large part of plastic eroded to the size of sand grains. Most recently Sky ran a heartbreaking documentary about a whale that had died with a stomach full of plastic rubbish.

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Automation and data need radically new systems of governance according to scientists

Automation and data need radically new systems of governance according to scientists 0

by • AI, News, Technology

automationThe current framework for governing automation and the management and use of data cannot keep pace with technological advances, according to a new report by the Royal Society and the British Academy. The report calls for the establishment of a new, independent body to steward an overall framework that can safeguard public confidence and ensure that the potential benefits of data use such as improved public services, better healthcare and business innovation are fully realised. The two National Academies convened leading figures from the Sciences, Humanities and Social Sciences to undertake a detailed review of the current governance landscape for data usage and management. Data Management and Use: Governance in the 21st Century found that data usage, data collection and management are increasingly intertwined, and new ways of using data make it difficult to define which data is sensitive.  It found that, while the current governance architecture provides a lot of what is needed to deal with these challenges, there are clear gaps and too many silos, such that tensions between how individual and collective benefits and risks are negotiated are not always identified and addressed in a transparent and inclusive way.

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Self-employed would value receiving sick pay above other benefits

Self-employed would value receiving sick pay above other benefits 0

by • Flexible working, News

UK micro-business owners and freelancers would be more interested in receiving sick pay than any other statutory benefit, according to new research carried out in collaboration between cloud accounting software firm FreeAgent and The Freelancer & Contractor Services Association (FCSA). A poll of nearly 900 UK micro-business owners conducted by FreeAgent and FCSA claims that sick pay provision is the benefit that self-employed workers would most welcome, coming way ahead of other benefits such as maternity pay, job seekers allowance and pension auto-enrolment. The survey claims that 76 percent of respondents currently do not have any method of providing sick pay, maternity/paternity leave, holiday or redundancy pay in their business. Projected across the country’s 5.2 million-strong micro-business sector, this potentially equates to millions of people working without the same kind of basic entitlements that employed workers have. Notably, people’s appetites for additional benefits varied depending on the structure of their business with sole traders more likely to value benefits (rating sickness provision 8.7 out of 10) compared to those working through their own limited companies who gave a score of 6.4 out of 10 for sickness provision.

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Major global study identifies the priorities of students and their most favoured potential employers

Major global study identifies the priorities of students and their most favoured potential employers 0

by • News, Workplace

A new study of 290,000 students worldwide claims that the majority studying business, engineering and IT would prefer to work for medium sized businesses and that they have a very clear idea about the sort of employer they would like to work for. The World’s Most Attractive Employers (WMAE) study from employer branding consultancy Universum Global is now in its 9th year and draws on data from the world’s 12 largest economies to rank the companies students find most desirable for employment. Overall, the majority of students (74 percent) reported that they would prefer to work for a company with fewer than one thousand employees. A larger proportion of talent from Germany, France, and Brazil would prefer to work for larger employers, but overall talent in these markets also said they would prefer to work for smaller firms. For business and engineering / IT students in all countries excluding Russia, India and Germany, work/life balance remains the overall top career goal. Results reveal Russian students in both fields of study still prefer job security, while Indian students in both fields of study are far more interested in having an international career than they are in other career goals.

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Artificial intelligence could add £232 billion to UK GDP by 2030, claims PwC research

Artificial intelligence could add £232 billion to UK GDP by 2030, claims PwC research 0

by • AI, News, Technology

UK GDP could be around 10 percent higher in 2030 as a result of artificial intelligence (AI) – the equivalent of an additional £232 billion, according to new research by PwC. This makes AI the biggest commercial opportunity in today’s fast-changing economy, according to the report’s authors. The research shows that the majority of the UK’s economic gains over the period to 2030 will come from increasing consumer demand resulting from AI driving a greater choice of products, increased personalisation of those products and making them more affordable over time. Labour productivity improvements will also drive GDP gains, but to a lesser extent. PwC’s research notes that the benefits from labour productivity growth will be felt first, with the increased consumption-led benefits from AI-enhanced products coming through later as more of them come onto the market. As this happens, competition within the AI goods market will increase dramatically, leading to future increases in the value of goods to consumers and therefore the amount people spend on them.

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Digital tech is fastest growing sector in Scotland, claims report

Digital tech is fastest growing sector in Scotland, claims report 0

by • News, Technology

The digital technology sector is forecast to grow twice as fast as the Scottish economy overall in the years to 2024, according to research published by Skills Development Scotland and the Digital Technologies Skills Group. This growth is ‘creating unprecedented demand for digital skills with employers across all sectors seeking to harness the benefits of technology to drive innovation and increase competitiveness’. The new publication, Scotland’s Digital Technologies, found that digital tech was the fastest growing sector of the economy accounting for five percent of Scotland’s total business base and employing two per cent of the national workforce.

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Firms still paying lip service to digital transformation, but change may be coming

Firms still paying lip service to digital transformation, but change may be coming 0

by • News, Technology, Workplace

Britain’s biggest businesses risk being disrupted by the pace of technological change because their senior leaders are paying lip service to the need for digital transformation, according to a study from tech startup AVADO. The study of senior managers responsible for the learning and development (L&D) of staff at Britain’s biggest firms with turnovers of over £100m found that the need for digital transformation is accepted, almost universally, among respondents. 86 percent say they have assessed the business risk of not taking action and 88 percent have taken steps to address this. Yet, despite 93 percent of L&D professionals saying a digital transformation strategy is in place, the report suggests critical top down buy-in is missing. Yet, a second report from recruiters Robert Half suggests that a growing number of firms in the key finance sector are now actively recruiting to improve their digital transformation strategy.

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