Search Results for: labour market

July 2, 2019

More people than ever plan to work past 65 but health fears remain

by Neil Franklin • News, Wellbeing, Workplace

According to ONS statistics, nearly three quarters (71 percent), or 23 million UK based employees, plan to work beyond the age of 65, but two in five of these (41 percent) – equivalent to 9.5 million workers – are concerned their health will make it difficult to do so, according to new research from Canada Life Group Insurance. Over a quarter (27 percent) of UK employees think their boss views older workers as a ‘hassle’ because of these possible health struggles. This highlights the potential for poor health to act as a barrier to employment and retention of older workers. Employees also believe their boss perceives older workers as stuck in their ways (30 percent) and technologically inept (30 percent). Among the biggest concerns of those intending to work beyond the age of 65 is that they will be treated differently because their boss or colleagues perceive them as being ‘old’. More →

May 30, 2019

Appeal of London as capital of HQs diminishing

by Mark Eltringham • Cities, News

London faces the loss of its status as a global magnet for corporate headquarters unless it addresses a range of factors that are diminishing its attractiveness, according to a new report from the Centre for London. Brexit, dated transport infrastructure and worries about its pool of talent are all risks to the capital’s ability to attract and retain the HQs of multinationals claims the report. More →

December 13, 2018

The scale and complexity of public sector procurement makes a change of direction difficult

by Mark Eltringham • News

A new report from the Institute for Government claims that the British government spends around £284bn – almost one-third of its total expenditure – with external suppliers. Given its scale, public sector procurement could not easily be abandoned even if politicians wanted, the report concludes. It says that four departments spent more than half of their entire budgets with external suppliers last year. It also finds that the largest suppliers are winning more and more government business.

November 8, 2018

The commuting gap: men account for two thirds of commutes lasting more than an hour

by Mark Eltringham • News

Men undertake almost two-thirds of commutes lasting more than an hour, a new analysis from the Office for National Statistics shows. It also reveals that women tend to undertake shorter journeys to work, accounting for more than half (55 percent) of commutes lasting 15 minutes or less. But, for all people, commuting times are most likely to last 15 minutes or less and least likely to last more than an hour.

September 24, 2018

It is not particularly easy to change human behaviour by design

by Mark Eltringham • Comment, Facilities management, Workplace, Workplace design

Many of the techniques employed by modern illusionists rely on a thorough grounding in the research of psychologists. They’re not alone in standing on the shoulders of academics to bend people to their will. Many of our beliefs about the workings of our society and workplaces and their design are based on this sort of manipulation. It’s telling that the growth of consumerism in the 20th Century, especially after the War when we first began to move from a needs based economy to one fuelled by desire, was driven by the ideas of Sigmund Freud’s nephew. Edward Bernays became the ‘father of PR’ by popularising his uncle’s theories in the US then applying them to mould the subconscious desires of the American masses. He did this not just in the name of commerce but also in that of politics because he believed that society was becoming increasingly irrational, immoral and dangerous.

September 17, 2018

Growing gig economy could be behind buoyant ONS employment figures

by Sara Bean • Flexible working, News, Workplace

Recent ONS figures showing a rising employment rate could be inflated by the growth of zero-hour contracts within the gig economy, as the number of UK workers on zero hour contracts having more than tripled since 2012. This is propping up overall employment levels by accounting for almost a quarter of overall employment growth, new data by Adzuna has suggested. With the employment rate currently at a record high of 75.7 percent according to the ONS, Adzuna’s data compares recent growth in the number of people in work overall to the increasing number of zero hour contracts, to ascertain how much these contracts have contributed to the growth.

September 12, 2018

Reinventing jobs for an automated future workplace

by Ravin Jesuthasan • AI, Comment, Technology

Earlier this year, the European Commission announced it will invest €20 billion in Artificial Intelligence (AI) research and development by 2020 to boost the adoption of AI and robotics across multiple industries, which will have a significant impact on the way work across sectors gets done. Facing demographic deficits, Europe and Japan – and to an extent the US and China – are highly motivated to continue investment into AI, which is growing at an annual rate of 15 percent, and set to reach $1 trillion globally by 2050, according to Morgan Stanley.

August 12, 2018

Gig economy workers are overworked, underpaid and constantly monitored

by Mark Eltringham • Flexible working, News, Wellbeing

A study of the wellbeing of workers in the so-called gig economy from academics at Oxford University claims that they are stressed, isolated, micro-managed by algorithms and face constant downward pressure on their incomes. The focus of the research was on workers contracted by digital platforms and subject to selection by algorithms. The study, Good Gig, Bad Big: Autonomy and Algorithmic Control in the Global Gig Economy, looked at the impact on the personal wellbeing of computer programmers, translators, researchers and people in similar roles contracted through online freelance platforms.

August 3, 2018

Financial centres in UK cities outside London are set to suffer most from Brexit

by Neil Franklin • Cities, News

Although news reports about the impact of Brexit on the UK’s financial services sector have focused almost exclusively on London, a new report from the Centre for Cities claims that the decision to leave the EU will have a disproportionately larger impact on the centres in the UK’s other major cities, which employ two thirds of all people in the sector. The report explores the financial and professional services sectors in cities across the UK, and looks at what the relationships are with London-based firms in these industries. The report by the think tank supported by the City of London Corporation London: The geography of financial services in the capital and beyond looks at how much individual cities across the UK export in services, and what proportion of these services exports came from the financial sector.

June 28, 2018

New era ahead for corporate real estate strategy, claims CBRE report

by Neil Franklin • Facilities management, News, Property

The period to 2040 will bring profound and far-reaching changes to corporate real estate portfolios according to CBRE. The new report Portfolio 2040, claims to approach the issue from a portfolio perspective, examining how business, buildings and perhaps even cities themselves, might look in 20 years’ time. One of the key drivers for change is identified as pervasive availability, and creative use of very high-volume data and the growth of AI, enabling companies to adapt almost instantaneously to external change and offer increasingly personalised solutions. Rapid and fluid specialisation, either temporary or permanent, will characterise most businesses and real estate will need to reflect this by being increasingly flexible, multipurpose and rapidly adaptable.

May 3, 2018

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

by Sara Bean • 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.

April 17, 2018

Robots will lead to increased productivity without stealing jobs, but wages will fall

by Sara Bean • AI, News, Technology, Workplace

Robots will not as feared steal people’s jobs and will eventually improve productivity, but they will undercut workers’ contribution sufficiently to depress their wages. According to the third report in Barclays Impact Series, titled Robots at the gate: Humans and technology at work, technology is fundamentally re-shaping the nature of work, and the implications of this re-shaping process will accelerate in coming decades. The report authored by Barclays’ Research team and supported by the Barclays Social Innovation Facility sets today’s technological advancements in the context of historical precedent and argues that robotics and Artificial Intelligence do not portend a jobless future. However, these new technologies have important macroeconomic consequences, such as wage disinflation, which will likely continue in the years or even decades to come. The report also argues that productivity spurts lag behind technological leaps, as it can take years or even decades for an economy to figure out how to best use a new technology. Eventually, economies of scale are reached, consumer behaviour adapts, companies refine their business models and productivity growth finally kicks in. More →