Search Results for: management

January 22, 2019

Business leaders lack ethical insight needed to get the best out of AI

Although executives have high expectations for the impact that AI will have on their businesses according to Cognizant’s new report, ‘Making AI Responsible – and Effective, only half of companies have policies and procedures in place to identify and address the ethical considerations of its applications and implementations. The study analyses the responses of almost 1,000 executives across the financial services, technology, healthcare, retail, manufacturing, insurance and media & entertainment industries in Europe and the US. The research suggests that business leaders are positive about the importance and potential benefits of AI. Roughly two- thirds (63 percent) say that AI is extremely or very important to their companies today, and 84 percent expect this will be the case three years from now. Lower costs, increased revenues and the ability to introduce new products or services, or to diversify were cited as the key advantages for the future.

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January 21, 2019

What we have wrong about why some companies are more successful than others

by Mark Eltringham • News

New research published in the Strategic Management Journal suggests a firm’s competitive advantage can last more than three times as long as previously believed. INSEAD Assistant Professor of Strategy Phebo Wibbens found that companies with “higher-order” resources can greatly outlast their competitors. Traditionally, strategy experts have focused on a firm’s operating resources – assets and capabilities that directly affect profit – when analysing its competitive advantage. Based on that assumption, high-performing firms were believed to have a run of success lasting on average about five years. But as IKEA, Apple and other firms have shown, a much longer period of success is available to some companies.

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January 21, 2019

MPs back plan to increase gender diversity in business

by Sara Bean • Legal news, News, Workplace

A majority of MPs have backed a recommendation to increase gender diversity in business by extending the “Women in Finance Charter” to cover all businesses in the UK. The recommendation comes from the professional accountancy body AAT (Association of Accounting Technicians). The Charter asks financial services firms to commit to implement four key industry actions; to have a named senior executive responsible and accountable for gender diversity and inclusion; set internal targets for gender diversity in senior management positions; publish progress annually and ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity. (more…)

January 20, 2019

The changing shape of the insurance workplace

by Mark Eltringham • News, Workplace design

HOK’s WorkPlace group has released The New Insurance Workplace (registration required), a report which sets out to examine the forces reshaping the insurance industry and how workplace design can position these companies for success. The report’s concludes that insurance firms take pride in their conservative approach to risk management and traditional business models. They also have high-performance cultures that demand strong results. Yet changing regulations, emerging technologies and increasingly obsolete work processes have left many legacy players with underutilised, outdated office and retail space that hinders their ability to meet the fast-changing expectations of customers.

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January 20, 2019

Shortlist for Business Book Awards features more on workplace and wellbeing than ever before

by Neil Franklin • News, Wellbeing, Workplace

This year’s shortlist for the Business Booko Awards features more books than ever on wellbeing and happiness in the workplace as well as career self-development, company culture and business ethics. A record number of women authors have also made the shortlist. (more…)

January 18, 2019

Employers must take better action to avoid sick building syndrome

by Steve Loughney • Company news, Facilities management, Workplace design

Sick building syndrome is a collective term to describe when occupants of a specific building suffer from a related illness. Problems can either be localised to a specific room or more widespread throughout a building. The symptoms can manifest as headaches, blocked or runny noses, skin irritations, sore eyes or tiredness and difficulties with concentration. A number of building-related factors are linked to the condition with ageing offices and factories acting as magnets for sick building syndrome. Studies have shown that headaches and respiratory problems among office workers were directly related to the use of air conditioning and inadequate ventilation. Room temperature, light and noise, humidity, carbon dioxide, chemical contaminants (volatile organic compounds – VOCs), air quality and naturally occurring poisons can all inflame symptoms for sufferers requiring more precise control over environmental factors in the workplace. Making sure buildings are healthy for their occupants is a challenge. (more…)

January 14, 2019

Corporations must harness prop tech to adapt to new ways of work

by Neil Franklin • News, Technology

The world of work will continue to evolve in 2019, and corporations must find ways to adapt their office real estate. That is the conclusion of a new piece of research by flexible workplace provider Abintra. Published in a new report, the study highlights how corporations are struggling to manage office space efficiently as the trend towards agile and flexible working gathers momentum. The publication explores methods for responding through office space utilisation techniques, including the latest tech options.

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January 14, 2019

Government and employers unite to kick-start stalled flexible working

by Neil Franklin • Flexible working, News

The Flexible Working Task Force, a partnership across government departments, business groups, trade unions and charities, has today launched a campaign to increase the uptake of flexible working. Members of the task force are collectively using their ability to reach and influence hundreds of thousands of employers to encourage them to advertise jobs as flexible by using the strapline Happy to Talk Flexible Working in their job advertisements, regardless of level or pay grade.

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January 9, 2019

Podcast: embracing the punk spirit and the elemental workplace

by Mike Petrusky • Facilities management, Features, Workplace design

Neil Usher is an experienced senior property, workplace, facilities and change management leader who is currently an executive consultant for Unispace and workessence. He is also the author of “The Elemental Workplace” in which he describes “the 12 elements for creating a fantastic workplace for everyone”. In this new podcast, I ask Neil about the latest trends in the workplace and finds out his opinions on the open office debate, the impact of technology, and the importance of workplace experience. Neil argues that workplace is now being taken seriously as a contributor to performance and is a significant part of our organization’s culture, so we must establish “laws of workplace” that we can use as a foundation to build on in our practice. We discuss the origins of the punk rock music scene and agree that we must bring “the spirit of punk” to our work by being fearless about trying new things in our roles as workplace leaders.

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January 9, 2019

Third of workers feel so undervalued by their managers they are planning to leave

by Sara Bean • Flexible working, News, Workplace

Poor relationships with their managers and a lack of development opportunities are leading to more than a third of workers feeling dissatisfied in their current jobs, claims new research from The Institute of Leadership & Management. Around 1,400 members of The Institute of Leadership & Management completed a survey, which asked about their plans and aspirations for the New Year. The survey revealed that 34 percent are likely to change their job this year. Three quarters (74 percent) admitted the New Year leaves them feeling like they can achieve more in their careers, and because January also inspires self-reflection and a desire for change. (more…)

January 7, 2019

What Leonardo da Vinci can teach us about the six hour working day ⁰

by Mark Eltringham • Comment, Flexible working, Technology, Wellbeing

The latest idea to grip the sometimes limited imagination of the world’s workplace chatterers is that of the six hour working day or the four day working week. This has its original roots in a Swedish experiment designed to limit the hours people work in an attempt to improve their work-life balance and possibly even increase their productivity. Now a growing number of firms are looking to introduce a nominal four day working week or restrict the use of emails outside of office hours. These are always commendable goals and you can see the logic. We know people find it increasingly hard to switch off, we know that this is bad for them and we know that long hours don’t necessarily equate to greater productivity.

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January 4, 2019

CIPD highlights gap between ‘fat cat’ top earners and the rest of the workforce

by Sara Bean • News, Workplace

Just three days into the New Year, today (Friday 4 January), the UK’s top bosses will have made more than a typical full-time worker will earn in the entire year, according to calculations from independent think tank the High Pay Centre and the CIPD. The average (median) full-time worker in the UK earns a gross annual salary of £29,574, while the average FTSE 100 CEO, on an average (median) pay packet of £3.9 million, only needs to work until 1pm on Friday 4 January 2019 to earn the same amount. The £3.9 million figure was calculated by the CIPD and the High Pay Centre in their 2018 analysis of top pay and it marks an 11% increase on the £3.5 million figure reported in their 2017 analysis. The pay increase means that FTSE 100 CEOs, working an average 12-hour day, will only need to work for 29 hours in 2019 to earn the average worker’s annual salary, two hours fewer than in 2018.