Search Results for: investments

A better focus on workplace wellbeing could add around £1 billion to UK economy, report claims

A better focus on workplace wellbeing could add around £1 billion to UK economy, report claims

by • News, Wellbeing

The commission's report on workplace wellbeing argues that a proactive and preventive approach to employee health could prevent at least 100,000 people from exiting the workforce over the next five years, potentially saving the government over £1 billion during this period.Enhancing support for individuals with health conditions to remain in employment could lead to significant economic benefits for the United Kingdom, according to a new report from the Commission for Healthier Working Lives. The commission’s report on workplace wellbeing argues that a proactive and preventive approach to employee health could prevent at least 100,000 people from exiting the workforce over the next five years, potentially saving the government over £1 billion during this period. More →

We need to address the UK’s creative skills shortage 

We need to address the UK’s creative skills shortage 

by • Comment, Workplace

With the right investments in skills, tools, and training, the UK can continue to lead the world in creativity and cultural influenceThe UK’s creative industries, from film and television to the dynamic video game sector, are cultural flagships and economic cornerstones. Valued at £125 billion annually, the creative industries are named one of the UK government’s eight growth-driving sectors in its Industrial Strategy. Yet, a significant obstacle looms over their continued success: a persistent and growing skills shortage. This gap threatens to stifle innovation and global competitiveness, particularly in the booming video game industry. More →

Businesses are cautiously optimistic despite economic and technological uncertainty

Businesses are cautiously optimistic despite economic and technological uncertainty

by • Business, News

Nearly three-in-five businesses optimistic about global economic outlook as they plan headcount increases and continued AI rolloutAlmost 60 percent of CEOs around the world expect global economic growth to increase over the next 12 months, according to PwC’s 28th Annual Global CEO Survey, launched during today’s World Economic Forum Annual Meeting. The report, which surveyed 4,701 CEOs across 109 countries and territories, also finds that 42 percent of businesses expect to increase headcount by 5 percent or more in the next 12 months – more than double the proportion who expect headcount decreases (17 percent), and up from 39 percent last year. The percentage is highest (48 percent) among smaller companies (less than US$100 million) and those in the technology (61 percent), real estate (61 percent), private equity (52 percent) and pharma and life sciences (51 percent) sectors. More →

The challenge for the workplace in 2025: transformation when everybody is already tired of change

The challenge for the workplace in 2025: transformation when everybody is already tired of change

by • Business, News, Workplace

HR leaders say they are navigating workplace transformation at a time when most people say they are already worn out by changeIn 2025, human resource leaders say they will be focusing on navigating the complexities of workplace transformation, at a time when most people say they are already worn out by change. This is one of the key findings from the Gartner HR Priorities Survey [registration] of over 1,400 HR leaders from 60 countries and a range of industries. The report highlights five pivotal areas—leader and manager development, organisational culture, strategic workforce planning, change management, and HR technology—as central to driving change in an evolving business landscape. 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

by • Comment, Facilities management, Property, Workplace design

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 →

Want sustainable buildings? Invest strategically in smart technology

Want sustainable buildings? Invest strategically in smart technology

by • Environment, News, Property

Strategic investment, innovative technology, and collaboration are essential for achieving sustainable buildingsStrategic investment, innovative technology, and collaboration are essential for achieving sustainability and value goals in the real estate sector, according to a new report from Colliers. The  report Realising ESG Performance: The Value-Driven Transformation of Europe’s Built Environment [registration] claims to provide insights into how the real estate industry can embrace sustainable buildings and comply with regulatory demands while creating long-term value. More →

People think AI will help automate mundane tasks but worry about unintended consequences

People think AI will help automate mundane tasks but worry about unintended consequences

by • AI, News

UK & Irish businesses and employees are eager to use AI to automate mundane processes, but reluctance to disturb mission critical systems hampers changeA  new poll from Ricoh Europe claims that people in both the UK and Ireland say they are are keen to use AI to automate workflows to improve productivity and job fulfilment, but the implementation of these systems is being hampered by their concerns about disrupting what are described as mission-critical operations. More →

Digital transformation efforts yet to translate into greater productivity at many firms

Digital transformation efforts yet to translate into greater productivity at many firms

by • AI, News, Technology

British and Irish firms are increasing their investment in digital transformation, according to Docusign’s Digital Maturity Report 2024, but this hasn’t yet translated into improved productivity or digital maturityBritish and Irish firms are increasing their investment in digital transformation, according to Docusign’s Digital Maturity Report 2024, but this hasn’t yet translated into improved productivity or digital maturity. The poll of 600 decision makers in the UK and Ireland, now in its second year, reveals what it claims is a ‘stark productivity and efficiency paradox’ for employers, as well as a Catch-22 for workers. More →

Firms are betting big on the impact of AI on their business

Firms are betting big on the impact of AI on their business

by • AI, News

 

Big AI bets are being made globally with nearly one in 10 businesses spending over $25m this year on AI initiativesA new report published by consulting firm Searce claims that organisations across the UK and US are making significant investments in artificial intelligence this year with nearly one in 10 decision-makers in both the UK (8 percent) and US (7 percent) planning to spend over $25 million. The 2024 State of AI report [registration] is based on a poll of 300 C-Suite and senior technology executives – including Chief AI Officers, Chief Data & Analytics Officers, Chief Transformation Officers, and Chief Digital Officers – at organisations with at least $500 million in revenue. The research examines some of the biggest trends, successes, and challenges facing businesses in their artificial intelligence decision-making, strategy, and execution. More →

Office market upheaval means uncertain times for landlords

Office market upheaval means uncertain times for landlords

by • News, Property

The UK office market is facing a period of significant upheaval, according to a new survey commissioned by workspace provider infinitSpaceThe UK office market is facing a period of significant upheaval, according to a new survey commissioned by workspace provider infinitSpace. The research paints what it says is a concerning picture for landlords, with a sizeable portion battling financial strain and even potential closure. Over 14 percent of the 250 surveyed landlords fear their office buildings could shut down within the next five years due to affordability concerns. More →

Europe lacks skills in key technologies such as AI, quantum and space

Europe lacks skills in key technologies such as AI, quantum and space

by • AI, News, Technology

Critical gaps have formed across the technology sector in Europe, with skills, investment and innovation being stunted in vital areas such as AI, quantum computing and space technologyCritical gaps have formed across Europe’s technology sector, with skills, investment and innovation being stunted in vital areas such as AI, quantum computing and space technology, according to a report from DIGITALEUROPE. The study titled ‘The EU’s Critical Gap: Rethinking Economic Security to Put Europe Back on the Map,’ claims that Europe is significantly lagging in key technologies. Among 8 technologies that were analysed, Europe was shown to be lagging behind in 7, only leading in advanced connectivity, with major investments and profits in this sector are being led primarily by the US. More →

UK continues to trail behind in business investment. Incoming government won’t solve that

UK continues to trail behind in business investment. Incoming government won’t solve that

by • Business, News

A new report from the Institute for Public Policy Research (IPPR) says that the UK holds the lowest investment rates among G7 nationsA new report from the Institute for Public Policy Research (IPPR) says that the UK holds the lowest investment rates among G7 nations. The data indicates that for the third consecutive year, business investment in the UK has lagged behind its G7 counterparts. The nation also ranks 28th out of 31 OECD countries, trailing behind economies such as Slovenia, Latvia, and Hungary. More →

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