Search Results for: future of work

Pay rates for senior management reflect longer working hours argues CMI

Pay rates for senior management reflect longer working hours argues CMI

by • Flexible working, Legal news, News, Workplace

Pay rates for senior management reflect long working hours argues CMIBusiness Secretary Greg Clark proposed new laws in Parliament yesterday (June 11th) that new large firms will have to justify their chief executives’ salaries and reveal the gap to their average UK worker. It means that for the first time, UK listed companies with more than 250 UK employees will have to disclose and explain this difference – known as ‘pay ratios’ – every year. However, according to data published today by the Chartered Management Institute (CMI) and XpertHR, basic salaries for senior managers have fallen in real terms, with inflation overtaking pay increases for the first time in five years. At a time when government are shining a light on executive pay, and linking it via a ratio to workforce pay, separate CMI research has found managers worked an extra 44 days a year last year over and above their contracted hours – up from 40 days extra in 2015. The same research found 59 percent of managers are ‘always on’, frequently checking their emails outside of work and one in 10 had been forced to take sick leave because of stress.

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Over half of employees say remote working and coworking increase their productivity

Over half of employees say remote working and coworking increase their productivity

by • Coworking, Flexible working, News

coworkingMore than half of US based employees (54 percent) with the chance to work remotely say they are most productive when they work outside a traditional office environment, such as at home, in a coffee shop, or in a coworking space, according to a new survey by research firm Clutch. Over two-thirds (68 percent) of workers surveyed work in a traditional office. However, higher productivity isn’t the only reason employees prefer other workspace options. Over a quarter (26 percent) of employees who have some degree of flexibility say a better work-life balance is the top benefit of working outside the office. Other benefits include flexible work hours (21 percent) and fewer distractions (18 percent).

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Growing number of lawyers see flexible working and consultancy as attractive

Growing number of lawyers see flexible working and consultancy as attractive

by • Flexible working, News

A report published by law firm Allen & Overy’s flexible working service Peerpoint suggests that lawyers are increasingly looking to new ways of working to achieve their career goals. The Future for Legal Talent report is based on a survey of over 1,000 lawyers and law students. It also found that more than 80 percent of respondents believe new entrants to the legal profession will feel the work and commitment needed to reach partnership status may not be worthwhile. Even among those who want to become partner, just 21 percent feel they will make it. One in four (24 percent) said they have considered quitting the profession altogether.

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Employees who work in digitally advanced workplaces are more productive and motivated

Employees who work in digitally advanced workplaces are more productive and motivated

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

Companies that are less technologically advanced are at risk of falling behind the competition and not attracting top talent, claims a new global study from Aruba. By contrast, employees who work in digital workplaces are not only more productive but also more motivated, have higher job satisfaction, and report an overall better sense of well-being. The study, Digital Revolutionaries Unlock the Potential of the Digital Workplace, outlines both the business and human benefits of more digitally-driven workplaces, and how. Almost all respondents (97 percent) thought their workplace would be improved through greater use of technology, while 64 percent said their company will fall behind the competition if new technology isn’t implemented. The same portion (64 percent) believe the traditional office will become obsolete due to advances in technology. However, the survey also warns that companies must be vigilant as more digital-savvy employees are taking greater risks with data and information security.

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Seven workplace stories that caught our attention over the last week

Seven workplace stories that caught our attention over the last week

by • Facilities management, Features, Wellbeing, Workplace design

Why telling an adult they are a hard worker can backfire

Facebook takes on entire WeWork location on Soho

Are these the world’s best tall buildings?

How one Chinese city is spending more on AI than the EU

Evidence that daylight can make a positive difference in the workplace

Automation is starting the clear the clutter from offices

Considering the merits of universal basic income

Podcast: a manifesto for change in workplace and facilities management and the question of what is in a name

Podcast: a manifesto for change in workplace and facilities management and the question of what is in a name

by • Facilities management, News, Podcasts, Premium Content

The latest Workplace Matters podcast features two brand new episodes. Usual host Ian Ellison of 3edges hands over the reins to Simon Iatrou to explore the intentions of the British Institute of Facilities Management to change its name to embrace workplace, and seek chartered status. Simon is joined by members of the BIFM leadership team: Chairman Steve Roots, CEO Linda Hausmanis, and Director of Insight Chris Moriarty. Ian also joins the discussion in his professional capacity as 3edges Director and workplace specialist, to talk about the research work 3edges have been doing over the past year about the future of FM and its relationship to workplace. BIFM’s manifesto for change announcement triggered a lot of industry interest, and inevitable discussion. It seemed clear from the comments that there were topics and issues worth digging deeper into, to give Workplace Matters listeners and BIFM members an opportunity for more context, so 3edges invited the BIFM leadership team to take open questions directly, and come round the table to discuss them.

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Fewer than half of Australians now work in a traditional job

Fewer than half of Australians now work in a traditional job

by • Flexible working, News, Workplace

Fewer than half of employed Australians now hold a standard, traditional job, according to a new report into the growth of insecure employment published by the Centre for Future Work. The report, The Dimensions of Insecure Work: A Factbook, reviews eleven statistical indicators of the growth in employment insecurity over the last five years: including part-time work, short hours, underemployment, casual jobs, marginal self-employment, and jobs paid minimum wages under modern awards. It defines a standard job as permanent full-time paid work with leave entitlements. According to the authors, all the indicators of job stability have declined since 2012, thanks to a combination of weak labour market conditions, aggressive profit strategies by employers, and passivity by labour regulators.

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Employers needs to do more to support working families

Employers needs to do more to support working families

by • Flexible working, News, Wellbeing, Workplace

Tackling unsupportive workplace cultures is crucial in helping parents achieve a better work life balance, according to a new study from lobby groups Working Families and Bright Horizons. The 2018 Modern Families Index: how employers can support the UK’s working families, published by work life balance charity Working Families and Bright Horizons, claims to expose the limitations of policies like flexible working, whilst unsupportive workplace cultures remain in place.  Many parents feel compelled to work far beyond their contracted hours to meet managers’ expectations and to progress in their careers, according to the report. When parents were asked how they felt about their employer in terms of work-life balance, over a third (34 percent) of parents said they felt resentful, with more fathers than mothers agreeing (37 percent vs. 32 percent). Millennials were the most resentful; 46 percent of millennial fathers felt resentful, the highest proportion of any group of parents.

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What exactly is driving the global workplace conversation?

What exactly is driving the global workplace conversation?

by • Comment, Facilities management, Workplace design

There is a growing body of research and understanding on the impact that working environments, workplace habits and culture have on people and broader business performance. The very best workplaces in the world – some of which will be on show at Workplace Week in New York next month – are changing our expectations around the look, function and purpose of office space. These workplaces are designed much like ecosystems – every inch designed with the comfort, wellbeing and productivity of the people who occupy them in mind. The new world of ‘workplace management’ is about designing and delivering multi-faceted, minute-by-minute, multi-sensory experiences that create an emotional response. It is about designing workplace experiences to deliver a specific mission. It encompasses thinking about journeys and destinations, the fusion of space, information, and services – and how these reflect organisational personality, support human effectiveness, and lure in talent. But, as those in the industry will be all too aware, this hasn’t always been the case. So, what’s to thank for this fresh approach to workplace design and management?

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A 21st Century take on the idea of the time capsule that tells us something about the way we work

A 21st Century take on the idea of the time capsule that tells us something about the way we work

by • Comment

Last December, National Geographic published a story about the discovery of one of the oldest known time capsules. It was concealed by a chaplain of the Cathedral of Burgo de Osma in Spain, in the buttocks of a statue of Jesus Christ. Hidden inside were some documents that detailed life in Spain in the late 18th Century, along with some thoughts on the political and religious systems of the time. Historians have concluded that this was one of the very first time capsules, given that the creator clearly intended it to be discovered at some point in the distant future. This has been the standard approach to time capsules for hundreds of years; a chance to leave behind some artefacts or thoughts for a future generation to learn about the past.

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Optimal workplace productivity gains could add £39.8 billion to British and Irish economies

Optimal workplace productivity gains could add £39.8 billion to British and Irish economies

by • Facilities management, News, Technology, Workplace design

The United Kingdom could reshape its economic future and unlock its share of £39.8 billion in untapped GDP if organisations were to ‘optimise their workplaces’, according to a new study by Ricoh and Oxford Economics, titled The Economy of People (registration required). The UK could achieve a 1.8 percent increase in GDP, equal to £36.8 billion, which could pay for the cost of Brexit twice with change to spare. Similarly, the Irish economy could expand by 1.0 percent, or £3 billion, if businesses commit to creating the optimal office. The findings from The Economy of People are based on forecasts of how productivity in various industries will improve, if investment in workplaces makes them optimal for those that work there and their employers. Surveys and interviews were conducted with employees and executives to uncover how workplace elements, such as culture, physical workspace and technology affect performance and productivity.

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Global talent crunch will include UK workforce deficit of nearly 3 million employees by 2030

Global talent crunch will include UK workforce deficit of nearly 3 million employees by 2030

by • News, Workplace

A shortage of skilled employees will continue to impede growth and if not addressed, could have a significant impact on major global economies by 2030, claims a new study. Korn Ferry’s Global Talent Crunch study estimated the gap between future talent supply and demand in 20 major economies at three milestones: 2020, 2025 and 2030, and across three sectors: financial and business services; technology, media and telecommunications (TMT); and manufacturing and found that a talent deficit issue could threaten economies and sectors across Europe. Germany could experience the largest deficit of 4.9 million workers and could lose out on $629.89 billion of annual revenue by 2030 if labour shortages are not addressed – equivalent to 14 percent of its economy.

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