Search Results for: leadership

Commercial property lenders should drive sustainability through financial innovation

Commercial property lenders should drive sustainability through financial innovation 0

by • Environment, News, Property

The commercial real estate finance sector is witnessing a dramatic shift in attitudes towards the issue of sustainability, according to a new report from the Better Buildings Partnership. It claims that major commercial property lenders are already exploring new opportunities that go well beyond traditional risk management through sustainability initiatives that ‘drive new business, strengthen customer relationships and improve the data they hold on the buildings in which they have underwritten’. The report, Beyond Risk Management: How sustainability is driving innovation in commercial real estate finance, is sponsored by CREFC Europe, GeoPhy, ING Bank and Lloyds Bank Commercial Banking, and claims to reveal pioneering examples of how lenders are incorporating sustainability into their core business activities.

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UK lags behind international competitors in key employment skills, warns CIPD

UK lags behind international competitors in key employment skills, warns CIPD 0

by • News, Workplace

As the country gears up for another general election, the CIPD warns today that the UK lags well behind its competitors in Europe and much of the OECD in literacy and numeracy, learning and development, and digital skills. According to the new analysis, this is largely due to the fact that UK employers train less and invest less in skills than most other EU countries. In its report – From ‘inadequate’ to ‘outstanding’: making the UK’s skills system world class’ – the CIPD warns that the UK is sleepwalking into a low-value, low-skills economy which leaves the nation ill-prepared for its post-Brexit future, particularly if the UK is to face restrictions on accessing talent from outside of the UK. The HR body is urging the Government to make funding available to tackle the problem in the workplace. The analysis, which forms part of the CIPD’s formal response to the Government’s Industrial Strategy Green Paper, highlights multiple failings in the UK.

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Levels of employee engagement are declining around the world

Levels of employee engagement are declining around the world 0

by • News, Workplace

 

As the UK triggers Article 50 to leave the EU, France goes through what could be a game changing Presidential election and the United States continues to struggle with an increasingly divisive administration it’s perhaps not surprising that global uncertainty appears to be pushing up levels of employee scepticism. Globally, employee engagement declined for the first time since 2012, according to a report from Aon Hewitt. According to an analysis of more than five million employees at more than 1,000 organisations around the world, levels dropped from 65 percent in 2015 to 63 percent in 2016. Less than one quarter (24 percent) of employees are highly engaged and 39 percent are moderately engaged. “The rise in populist movements like those in the U.S., the U.K. and other regions is creating angst within organisations as they anticipate the potential for a decrease in free labour flow,” explained Ken Oehler, Global Culture & Engagement Practice leader at Aon Hewitt.

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State of the nation report sets out impact of digital transformation on the UK

State of the nation report sets out impact of digital transformation on the UK 0

by • News, Property, Technology

The Institution of Civil Engineers has published its State of the Nation 2017 report, looking at how advances in digital technology and data are transforming how infrastructure is designed, delivered and operated. The report claims that digital transformation is bringing benefits to clients and end users as well as unlocking economic growth and productivity across the UK. The report, based on interviews with 350 organisations and industry figures discusses the practical steps firms and government need to take to maintain momentum and truly harness the benefits.

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The digital revolution is polarising the labour market and increasing wage inequality

The digital revolution is polarising the labour market and increasing wage inequality 0

by • News, Technology

The increasing ability of machines to perform cognitive, physical, and social tasks has polarised labour markets by “hollowing out” demand for middle-skill jobs, claims a new report published by IZA World of Labor based on research from economist Michael Gibbs of Chicago Booth School of Business. It suggests that analytical, problem solving, and social and communication skills are likely to be most valued in employees in the future. The new report finds that the advance of technology has opposing effects on jobs. It facilitates automation, creating fewer and less motivating middle-skill jobs. Conversely, it complements social and innovation tasks, creating more interesting low- and high-skill jobs. This causes labour market polarisation, “hollowing out” demand for middle-skill jobs, and increasing wage inequality.

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HR needs to help employers better prepare for the digitised workplace

HR needs to help employers better prepare for the digitised workplace 0

by • News, Technology, Workplace

HR needs to help employers better prepare for the digitised workplace

HR leaders must take responsibility for bridging the gap between leadership and employees to help ensure organisations deal with the challenge of an increasingly digitised workplace and create a shared sense of direction, values and collaboration, a new piece of research suggests. According to the report, ‘Leadership Connections: HR’s role in business transformation’ from Ipsos LEAD and Cirrus, HR leaders are the crucial drivers of transformation in UK businesses through their roles of promoting devolved decision making, employee engagement and collaboration. Figures have shown that while half of CEOs expect their industries to be substantially or unrecognisably changed by digital, as of late 2016 10 percent of employees claim to have seen no significant change in their organisations at all – according to MORI’s Representative Employee Data (RED). This presents a significant difference between what we are being told by senior leadership and what employees believe to be the case.

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New guide to creating an accessible and inclusive built environment

New guide to creating an accessible and inclusive built environment 0

by • Architecture, Facilities management, News, Workplace design

The Construction Industry Council has published a new guide to creating an accessible and inclusive environment.  The guide sets out six principles as suggested by the Office for Disability Issues to ‘guide, support and motivate’ industry professionals. The guide is an initiative that emerged from the Built Environment Professional Education Project – a government project that has been championed by CIC. The aim is to build on the legacy of the London 2012 Olympic and Paralympic Games by helping to generate a change in the way skills related to inclusive design are taught in the UK. The aim is that all built environment professionals will receive mandatory, quality teaching about inclusive design so that they can help create inclusive building, places and spaces for future generations.

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Female FTSE 100 leaders require more prestigious academic background than men

Female FTSE 100 leaders require more prestigious academic background than men 0

by • Legal news, News, Workplace

Women require more prestigious academic background than men to be a FTSE 100 leader

Only 10 percent of Executive Directors on FTSE 100 boards are female compared with 35 percent of Non-Executive Directors and it seems that those who reach this level require a stronger academic pedigree than their male counterparts. According to preliminary findings from The Leadership 10k1 report from Green Park, women leaders in the UK’s biggest firms are three times more likely than male counterparts to have degrees from either Russell Group or Ivy League universities. The research finds that 76 percent of the total employees in top 20 positions across the FTSE 100 who graduated from a Russell Group university are female while 70 percent of leaders who graduated from an Ivy League university are female. Overall, this suggests that women are three times more likely to need a qualification from a prestigious university to gain a board position in the UK than men.

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Fall in number of senior business roles held by women in the UK

Fall in number of senior business roles held by women in the UK 0

by • Legal news, News, Workplace

A new report to mark International Women’s Day claims that the proportion of senior business roles held by women in the UK has fallen from 21 percent in 2016 to 19 percent in 2017. The report, based on Grant Thornton’s annual survey of 5,500 businesses in 36 economies, also found that the percentage of businesses in the UK with no women in senior management has also risen from 36 percent in 2016 to 41 percent in 2017. This is still an improvement on other EU countries with a lower proportion of senior roles held by women: Germany (18 percent), UK (19 percent), Greece (20 percent) and Netherlands (20 percent)Globally, the proportion of senior business roles held by women has hit a high of 25 percent. However, the findings suggest that progress is slow, with an increase of only 1 percent compared to 2016. Globally, the proportion of senior business roles held by women increased 1 percent from 2016, but that’s only up 6 percent since start of research 13 years ago, in 2004 (18 percent), showing how little progress has been made over the past decade. The research claims that the countries with the highest proportion of senior roles held by women are Russia (47 percent), Indonesia (46 percent) and Estonia (40 percent). The UK had the fifth lowest proportion of women in senior business roles, with Japan recording the lowest (7 percent) and Argentina second lowest (15 percent). (more…)

Employers not ready for digital disruption, where tech and people work side by side

Employers not ready for digital disruption, where tech and people work side by side 0

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

Very few organisations are ready to manage a workforce where the latest technologies and people work side by side. Just 13 percent of UK companies are ready to respond to digital disruption and create “the organisation of the future”; despite 88 per cent believing this has become a priority. This is according to the 2017 Deloitte Global Human Capital Trends survey, which tracks the top trends shaping the agenda for HR and business leaders. However, while UK companies believe they are ill-prepared for the change brought by digital disruption, this has not stopped many of them from embracing disruptive technologies. 42 per cent report that they have adopted robotics, cognitive and artificial intelligence (AI) technologies within all or parts of their workforce. Another 42 per cent are running pilots in certain areas of their organisation. But only 16 per cent say they are ready to manage a workforce with people, robots and AI working side by side.

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New book offers a roadmap for workers in the age of smart machines

New book offers a roadmap for workers in the age of smart machines 0

by • News, Technology

University of Virginia Darden School of Business Professor Ed Hess and Katherine Ludwig have released a new book, Humility Is the New Smart: Rethinking Human Excellence in the Smart Machine Age (Berrett-Koehler, January 2017), where they wrestle with the defining workplace question of our era and offer workable solutions for employees to stay relevant. In the book, Hess and Ludwig argue that workers of the world stand at the brink of an unprecedented transformation, as a coming age of smart machines promises to eliminate tens of millions of jobs across the socioeconomic spectrum. The transition to an era of widespread automation will be tumultuous for both companies and employees, and its effects on the fabric of society have not yet been fully considered by workers, government entities or global corporations.

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Big disconnect between employees, business leaders and IT when it comes to innovation

Big disconnect between employees, business leaders and IT when it comes to innovation 0

by • News, Technology

Most North Americans believe their employers and IT teams should be doing more to unleash their capacity for innovation, according to a new study by Softchoice, a North American provider of IT solutions and managed services. The study, Enabling Innovation: When Actions Speak Louder Than Buzzwords, found just 37 percent of employees believe their employers are very innovative, and even fewer felt their organisation did a good job with other leading innovation indicators, such as anticipating market trends, taking risks, and investing in technology that enables innovation. The study is based on a survey of 1,000 full-time employees and 250 IT decision-makers across the U.S. and Canada to uncover whether workplaces really walk the walk when it comes to having the right leadership, culture, processes and technology tools to drive innovation.

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