Search Results for: generation z

The key to tackling future economic challenges is to harness the ageing workforce

The key to tackling future economic challenges is to harness the ageing workforce

by • News, Workplace

Providing American seniors with better work incentives and opportunities will be crucial for the United States to meet the challenges of its rapidly ageing population. By 2028, more than one in five Americans will be aged 65 and over, up from fewer than one in six today, according to a new OECD report. Working Better with Age and Fighting Unequal Ageing in the United States finds that employment rates among older workers in the United States are above the average across OECD countries. In 2016, 62 percent of all 55-64 year olds were employed compared with the OECD average of 59 percent. However, employment rates are much lower among the ageing workforce. Early retirement is prevalent among workers from vulnerable socio-economic backgrounds, often occurring as soon as Social Security benefits become available at age 62. Poverty among seniors is a challenge: more than 20 percent of peopled aged 65 and over have incomes below the relative poverty line – defined as half of the median disposable household income – compared with the OECD average of less than 13 percent.

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Extension of rights for gig economy workers are broadly welcomed

Extension of rights for gig economy workers are broadly welcomed

by • Flexible working, News

The government is to give so-called gig economy workers new rights including holiday and sick pay for the first time. Its new Good Work plan is a direct response to last year’s Taylor Review which recommended changes in conditions to reflect modern working practices and extend the rights of workers in the new economy. The government has said it will proceed with almost all the review’s recommendations including giving zero-hour and agency workers the right to request a more stable contract.

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Public sector procurement must foster digital innovation and growth says report

Public sector procurement must foster digital innovation and growth says report

by • Facilities management, News, Public Sector, Technology

If the Government is to deliver its plans of driving digital transformation to improve the UK’s public services it must make a step change in procurement within central government and the wider public sector. That is one of the main findings of Procuring the Smarter State: key steps to promote innovation and growth in the public sector, published today by techUK. The Government spent more than £12.2bn with SMEs in 2015/16 and thousands more tech SMEs have signed up to sell their services to Government in the last year through agreements like G-Cloud and Digital Outcomes and Services. But the Government needs to do more if it is to reach its aspiration of spending one pound in every three with SMEs by 2022. This new report sets out how procurement can act as a tool for Government to deliver its vision for the future of public services and use public sector procurement to help foster innovation in the supplier community.

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Only half of organisations are committed to ensuring employees thrive at work

Only half of organisations are committed to ensuring employees thrive at work

by • News, Technology, Workplace

Growth and development matter most to employees, followed closely by fair access to opportunities and equity in pay, yet only half (52 percent) of organisations worldwide have committed to help meet these aims claims new research. As advances in technology, like AI and robotics, disrupt industries and redefine value chains, organisations need to distinguish themselves from others in order to prevail. Thriving organisations – those that transform their work environment into a compelling experience – will be first in building the workforce for the future finds Mercer’s newest research, Thriving in an Age of Disruption. It suggests that exceptional organisations transform work into a compelling experience that meets all employees’ needs, unlocks their full potential and enables them to successfully transition into the future workforce. Employees who are energised and bring their authentic selves to work are 45 percent more invested in their role, while a trusting work environment, a feeling of personal accomplishment, faith in senior leadership, clarity around career paths and a strategy that is responsive to external market shifts and societal needs explain 79 percent of employee confidence in the company they work for.
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Over 50s will come to dominate self-employed workforce by 2024, report claims

Over 50s will come to dominate self-employed workforce by 2024, report claims

by • News, Wellbeing, Workplace

The number of over-50s in work is rapidly increasing, so much so that this demographic is set to make up the majority of the UK’s self-employed workforce within the next seven years. The updated research from Hitachi Capital UK and CEBR (Centre for Economics and Business Research) found a rebalancing of the economy away from younger generations, as the 24 million over-50s in the UK become an increasingly important demographic of entrepreneurs and business owners. The data also suggests that an increasing number of 50-64 year olds choose not to retire and instead stay active in the labour market, with the rate of employment rising significantly between 2012 and 2016 from around 65 percent to 71 percent. CEBR projections show that the number of employed 50-64 year-olds will surpass 9 million before the end of 2018, and by 2021 there will be 10 million 50-64 year olds in work.

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The most read workplace stories from the last twelve months

by • Architecture, Facilities management, Features, Technology, Workplace, Workplace design

One of the greatest joys of online publishing is the opportunity it offers to reflect on the demonstrable preoccupations and interests of an informed audience. We can see what professionals see as the most important issues they face by what they read in the UK’s most widely read publication in its field. It’s especially heartening to see that those do not include the usual glib misdirections about Millennials, gimmicky office design, robots, open plan and ‘trends’ that have been more or less commonplace for years. We can leave those to others. Instead you have been seeking out stories that challenge the lazy mainstream narratives, reflect the reality of the endlessly shifting landscape of work, understand the challenges involved and retain a focus on the human beings at the centre of it all. So, here are the ten most read pieces from Workplace Insight published over the past 365 days.  (more…)

Commercial property is undergoing tech disruption, but not as some believe

by • Comment, Facilities management, Property, Technology

According to a recent report, executives in the commercial property sector have significant reservations about emerging disruptive technologies such as Big Data and predictive analytics, augmented and virtual reality, Blockchain and driverless vehicles, but see huge potential for process automation. Disruption is a strong word.  It conjures up apocalyptic images and radical interventions leaving unrecognisable outcomes in its wake. Big terms like artificial intelligence, Internet of Things (IoT) and big data bring equally big expectations.  For those of us at ground level, it’s hard to see the cumulative impacts of the many changes taking place around us.  It’s also hard not to share the same view expressed above. Future-gazing is nice to a point, but board level conversations like to take signposts from what is actually happening around them as well, and the commercial property sector is no exception. This sector is undergoing profound disruption but not necessarily from Silicon Valley’s headline grabbers.

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How designers copy nature to create new and extraordinary forms

by • Comment, Workplace design

Humans have a long track record of turning to Nature for inspiration. When Leonardo da Vinci turned his mind to the challenge of acquiring the power of flight for mankind, his sketches show he believed the solution lay in mimicking the form and function of bat wings. We’ve learned a lot about aerodynamics since the fifteenth Century but nature continues to provide a blueprint for the way we design materials and structures. Researchers at the University of Alabama have recently won a grant from the US National Science Foundation to explore how the scales on the wings of butterflies (pictured) help the creatures to fly in the hope that it will help engineers design better and more efficient aircraft.

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Hong Kong replaces London as most expensive place in world in which to rent a workstation

by • News, Property, Workplace design

Hong Kong has replaced London’s West End as the most expensive office market in which to accommodate staff, according to new research from Cushman & Wakefield. The annual Office Space Across The World report surveys occupancy costs across 215 office markets in 58 countries worldwide. Using proprietary data, it ranks occupancy costs per workstation and workplace densities for newly developed or refurbished office space globally. Limited availability and strong demand from mainland Chinese corporations have pushed Hong Kong costs up 5.5 percent to $27,431. Escalating rents are driving a growing number of multinational corporations to decentralise to lower cost areas.

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Just half of UK businesses have the right skills to combat a cyberattack

Just half of UK businesses have the right skills to combat a cyberattack

by • Legal news, News, Technology, Workplace

Only half (50 percent) of UK companies believe they have the right skills to address a cyberattack, despite some high profile cyberattacks this year against the NHS, Uber and Equifax. A lack of cybersecurity skills may be due to a wider skills gaps facing the UK tech industry, claims new research from IT jobs board, CW Jobs. Nearly a third of tech employees reported feeling they were insufficiently trained in coding, cybersecurity and cloud migration. The gaps in employees’ skills is translating to the businesses they work for with 23 percent saying their business is missing programming and cybersecurity skills. A little over half (51 percent) of IT workers said that cybersecurity was included in their training, and almost one in four (23 percent) say they are not confident in handling a cyber security attack. Despite the growing threat and lack of in-house expertise, only half (50 percent) of employers look for cybersecurity skills when recruiting new IT talent. However, despite awareness around the risk of cybersecurity and the lack of preparedness, only 22 percent of employers are currently training their existing staff in cybersecurity.

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Government targets 50 percent cut in greenhouse gases from the built environment

by • Environment, Facilities management, News, Property

The UK government has set some ambitious targets for construction and the environmental performance of buildings following the announcement of a Sector Deal for the construction sector. The sector deal was an integral part of the Industrial Strategy White Paper published earlier this week. In a statement, Business and Energy Secretary Greg Clark revealed more details of the deal supported by £170m of government investment and £250m of match funding from the built environment sector. The announcement sets out ambitious new targets for the built environment and infrastructure including a 50 percent reduction in greenhouse gases and a third reduction in the costs of construction and whole life costs of buildings.

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Government unveils Industrial Strategy to boost productivity and wealth

by • News, Property, Technology

The UK government has published its ‘ambitious’ Industrial Strategy, which it claims sets out a long-term vision for how Britain can build on its economic strengths, address its productivity performance, embrace technological change and boost the earning power of people across the UK. With the aim of making the UK the world’s most innovative nation by 2030, the government has committed to investing a further £725 million over the next 3 years in the Industrial Strategy Challenge Fund (ISCF) to respond to some of the greatest global challenges and the opportunities faced by the UK. This will include £170 million to ‘transform the construction sector and help create affordable places to live and work that are safer, healthier and use less energy’

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