Search Results for: income

Small changes to AI LLMs could cut energy use by 90 percent, claims UNESCO report

Small changes to AI LLMs could cut energy use by 90 percent, claims UNESCO report

A new report from UNESCO and University College London claims that relatively minor changes in the way AI large language models (LLMs) are built and used can reduce their energy consumption by up to 90 percent without compromising performanceA new report from UNESCO and University College London claims that relatively minor changes in the way large language models (LLMs) are built and used can reduce their energy consumption by up to 90 percent without compromising performance. The report highlights the growing energy demands of generative AI systems and calls for a shift in approach to make them more sustainable. According to UNESCO, the annual energy footprint of generative AI is already equivalent to that of a low-income country, and continues to rise. (more…)

Half of school leavers think they are unprepared for work, poll claims

Half of school leavers think they are unprepared for work, poll claims

Two in five 18- to 24-year-olds have never completed any work experience and feel unprepared for work as a resultA new poll from the IPPR think tank claims that only 47 per cent of 18- to 24-year-olds felt ready for work when they left education, compared with 60 per cent of over-26s. Despite more schools claiming that they offer high-quality work experience, two in five 18- to 24-year-olds have never completed any work experience and feel unprepared for work as a result. By contrast, earlier generations – those in their late 20s, 30s, and 40s – are significantly more likely to have done so. The report argues that the number of young people missing out on these opportunities could have implications for social mobility, with 60 per cent of 18- to 24-year-olds agreeing that work experience opportunities usually rely on who you know, not what you know. (more…)

Workplace AI doesn’t appear to be having a negative effect on wellbeing for now, research suggests

Workplace AI doesn’t appear to be having a negative effect on wellbeing for now, research suggests

A new study published in the journal Nature: Scientific Reports offers a cautiously optimistic view of how artificial intelligence is affecting workers’ wellbeingA new study published in the journal Nature: Scientific Reports offers a cautiously optimistic view of how artificial intelligence is affecting workers’ wellbeing. Contrary to common fears, the research finds no clear evidence that AI exposure is harming workers’ mental health or job satisfaction. In some cases, it may even be contributing to small improvements in physical health, particularly among workers without a college degree. (more…)

One in ten UK workers take on side jobs while working from home

One in ten UK workers take on side jobs while working from home

New research suggests that around one in ten full time employees working from home in the UK have taken on a side job,New research suggests that around one in ten full time employees working from home in the UK have taken on a side job, with a significant number managing their additional work during normal working hours for their main employer. The study, commissioned by the Global Payroll Alliance (GPA), surveyed over 2,400 UK workers who work from home at least some of the time. It found that 71 percent of full-time employees still work remotely to some degree, and around 20 percent now do so full-time. (more…)

Turns out that hybrid working is indeed the new normal. For a minority of people

Turns out that hybrid working is indeed the new normal. For a minority of people

A new analysis from the Office for National Statistics confirms that hybrid working is now the dominant form of flexible work for many people in Great Britain.A new analysis from the Office for National Statistics confirms that hybrid working is now the dominant form of flexible work for many people in Great Britain. The figures, which cover the period from January to March 2025, show that 28 percent of working adults now combine home and on-site work on a regular basis – the highest proportion recorded since the ONS began monitoring hybrid working patterns. This compares with just 9 percent who work exclusively from home and around 55 percent who are permanently based at a single workplace. The remaining proportion are made up of those with no fixed place of work or whose work locations vary, such as mobile or site-based roles.
(more…)

Government urged to take bold action on shared parental leave

Government urged to take bold action on shared parental leave

Father and son walk on beach showing need for shared parental leaveA new report from the UK Government’s Women and Equalities Committee (WEC) has highlighted a range of issues with the UK’s current parental leave system and urged the government to address them as part of its proposed review. The report, Equality at Work: Paternity and Shared Parental Leave, argues that the existing system requires substantial reform to better reflect the needs of modern families and working parents. It identifies shortcomings such as low statutory pay, limited leave entitlements for fathers and partners, and the complexity of the Shared Parental Leave (SPL) scheme. (more…)

How you handle your home life is reflected in how you handle your work life

How you handle your home life is reflected in how you handle your work life

A new study shows that people who proactively reorganise their family routines – such as adjusting childcare schedules or redistributing domestic responsibilities – are more likely to demonstrate adaptability and innovation in their work lifeA new study shows that people who proactively reorganise their family routines – such as adjusting childcare schedules or redistributing domestic responsibilities – are more likely to demonstrate adaptability and innovation in their work life. Researchers found that employees who take initiative at home carry the momentum into their professional lives, becoming more resilient and forward-thinking. The study, published in the Journal of Occupational and Organizational Psychology, was led by the University of Bath’s School of Management. Over a period of six weeks researchers followed 147 full-time, dual-income heterosexual couples with children in the US to explore how home life influences work performance. (more…)

Purpose and autonomy are better predictors of job satisfaction than pay and status, major study finds

Purpose and autonomy are better predictors of job satisfaction than pay and status, major study finds

The research offers new insights into the complex factors that shape job satisfaction and how people feel about their work and wider lives.The most satisfying jobs and fulfilling occupations are those that offer a strong sense of purpose and autonomy rather than high pay or prestige, according to what researchers are calling the most comprehensive study yet of job satisfaction. Led by Kätlin Anni at the University of Tartu in Estonia, the study analysed data from 59,000 individuals and 263 occupations as part of the Estonian Biobank project. The research, now published as a preprint on PsyArXiv, offers new insights into the complex factors that shape job satisfaction and how people feel about their work and wider lives. (more…)

Future of Work 2025: WEF report sets out the unsurprising but profound changes ahead

Future of Work 2025: WEF report sets out the unsurprising but profound changes ahead

The latest report on the future of work forecasts profound but entirely unsurprising changes for the workplace over the next five yearsThe latest Future of Jobs Report from the World Economic Forum forecasts profound but entirely unsurprising changes across global labour markets over the next five years, as technological breakthroughs, demographic shifts, and the green transition redefine the physical and digital workplace. Drawing on insights from over 1,000 employers, representing more than 14 million workers across 55 economies, the report on the future of work claims that technological change—particularly the rise of generative AI (GenAI)—will be the most powerful driver of workplace transformation by 2030. Broadening digital access is expected to reshape six in ten businesses, followed closely by AI and robotics, which are both forecast to simultaneously create and displace jobs on a massive scale. (more…)

Older workers will be essential in a changing global economy

Older workers will be essential in a changing global economy

A new report from consulting firm Bain & Company underscores the rising importance of older workers as global populations age and labour markets face growing talent shortagesA new report from consulting firm Bain & Company underscores the rising importance of older workers as global populations age and labour markets face growing talent shortages. The study focuses on the demographic of employees aged 50 and above, whose experience, stability, and institutional knowledge make them invaluable assets to businesses. It reveals that while older workers often demonstrate adaptability, problem-solving abilities, and a strong work ethic, organisations frequently overlook their contributions due to outdated stereotypes and rigid employment practices. (more…)

Beyond the jargon: what insurance benefits really mean to your team

Beyond the jargon: what insurance benefits really mean to your team

Here’s a jargon-free guide to the different insurance benefits you can offer your employees, and the real-life impact they have on your team.Offering a comprehensive employee benefits package is more important than ever, and  Drewberry’s 2024 Employee Benefits And Workplace Satisfaction Survey found that a fifth of employees want insurance to protect their loved ones. But with so many products out there, and terms like “Group Income Protection” and “Critical Illness Cover” making many people’s eyes glaze over, it can be hard to determine the right product for your people – and what they really offer. (more…)

How commercial property owners can boost revenues and occupancy in light of the Autumn Budget

How commercial property owners can boost revenues and occupancy in light of the Autumn Budget

The Autumn Budget is anticipated to introduce a series of tax increases that could directly impact commercial property ownersThe Autumn Budget is anticipated to introduce a series of tax increases that could directly impact commercial property owners, including changes to capital gains tax (CGT), national insurance contributions, and business rates. These changes could have a ripple effect across the property market, influencing both investment decisions and tenant demand. These are the key areas of concern for commercial property owners. (more…)