February 6, 2020

Executives feel more pressure making a big decision at work than in their personal life

by Jackie Le Poidevin • News, Working culture

Executives in small and mid-sized businesses in the UK are more anxious about major decisions at work than critical decisions at home that affect their family, a new study has claimed. The new study by Oracle NetSuite, Unlocking Growth, which provides insights from more than 1,000 business executives in the UK, France, Germany, UAE, Benelux and the Nordic countries, found that 92 percent are overwhelmed by data when making decisions. A third of UK executives are putting risk mitigation ahead of potential success to avoid damaging their career, while 23 percent rely on gut feeling to make critical decisions. (more…)

February 6, 2020

End of Brexit uncertainty boosts London commercial property market

by Neil Franklin • News, Property

London is set for an increase in commercial property investment in 2020 as international investors target the capital’s high-yielding office market, following the decisive 2019 UK General Election result. According to the latest research from Knight Frank, investors have increased the total capital targeting London commercial assets to £48.4bn, a 21 percent rise on 2019 and £2bn higher than 2018. However, with just £2.3bn of buildings for sale, investors will face strong competition, which is expected to drive values higher in 2020. (more…)

February 5, 2020

Businesses can fail if employees are over-confident

by Jackie Le Poidevin • Business, News

Senior employees being too confident about the value of their ideas could be one reason businesses are failing, according to research by the University of Cologne. The study, conducted by Professor Fabian Sting and a team of interdisciplinary co-authors, highlights how choosing the wrong ideas to pursue can lead businesses to make unwise investments and miss out on opportunities, which could threaten their survival. A large part of the problem, it says, is that the person who comes up with the idea overestimates how successful their innovation will be and views their skill or performance as better than it actually is. (more…)

January 30, 2020

Can corporate culture help reduce workforce burnout?

by Leigh Anderson • Company news

It may not always be evident to those working in logistics, but burnout doesn’t exist solely in supply chain recruitment – it’s a recognised condition which is having an impact across all industries and sectors. According to the Labour Force Survey, the UK lost 15.4 million working days in 2017/18 to work-related stress, depression or anxiety, with 239,000 new cases reported. Increasingly, severe cases are being recognised as ‘burnout’. (more…)

January 30, 2020

Gig economy is a “trap” for vulnerable workers

by Jackie Le Poidevin • Flexible working, News

The promised flexibility of the gig economy is an illusion for many workers, who need to put in long hours to make ends meet, a new report has claimed. The report by Doteveryone, a think tank set up by businesswoman Martha Lane Fox, calls on the government to create a ‘minimum gig wage’ to ensure workers have enough to live on after expenses such as petrol. It also urges employers to be clearer with workers about their true pay and to inform customers where their money goes. (more…)

January 30, 2020

Firms swap overseas placements for short-term trips

by Jackie Le Poidevin • Business, News

Many companies are moving away from long-term overseas placements in favour of short-term transfers, a report has suggested. To reduce costs and meet changing business and worker needs, firms are shifting from typical transfers of one to three years to moves of around three to 12 months, KPMG International‘s latest Global Assignment Policies and Practices (GAPP) survey says. Although this shift allows organisations more flexibility, they must implement the necessary processes to remain compliant with immigration and tax rules, the report warns. (more…)

January 29, 2020

People ten times more likely to stay in their job for friendships than a pay rise

by Jackie Le Poidevin • News, Working culture

Following reports that job applications on the first working Monday of the New Year spiked by 89 percent compared to the average Monday in December, many UK businesses may be missing a trick in their efforts to retain staff, new research has suggested. When researchers commissioned by Eko asked 1,000 employees what factors would make them stay in their job for longer, they were ten times more likely to stay put for friendships than for a pay rise. Indeed, only 3 percent of workers cited a pay rise as something that would make them stay with their employer for longer. (more…)

January 28, 2020

Failure to put employees at heart of data strategy costs UK firms £10bn in lost productivity

by Jayne Smith • News, Technology

A new report from Qlik and Accenture, titled “The Human Impact of Data Literacy” and conducted on behalf of The Data Literacy Project, claims that while most organisations understand the incredible opportunity of data, a gap has emerged between organisations’ aspirations to be data-driven and their employees’ ability to create business value with data. The report argues that data is a ‘gold mine’ that can fuel a culture of innovation and growth as part of a data strategy. However, when employees struggle to make sense of data, productivity and business value can be affected.

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January 28, 2020

Getting on with colleagues key to job satisfaction

by Jackie Le Poidevin • News, Wellbeing

Getting on well with colleagues gives workers greater job satisfaction than having a good salary, new research has claimed. “New Decade, New Direction” by the Institute of Leadership & Management asked more than 2,100 workers to identify the factors that affect their job satisfaction and explored their career plans for the new decade. (more…)

January 24, 2020

AI to do two-thirds of managers’ routine work by 2024

by Jackie Le Poidevin • News, Technology

Artificial intelligence (AI) and emerging technologies such as virtual personal assistants and chatbots will replace 69 percent of managers’ workload by 2024, Gartner, Inc. has predicted. As well as taking over routine tasks, AI will also make work more accessible for employees with disabilities, a new report from the research and advisory company claims (registration required). (more…)

January 21, 2020

The vaguery of workplace serendipity

by Neil Usher • Comment, Facilities management, Technology, Workplace design

It has become vogue to refer to the workplace as being ‘all about people’. It points in all directions at once. Organisations need fit, healthy, happy, skilled, motivated, engaged and purposeful people being (and feeling) productive and doing their best work every day. They want their people working closely together – they’ve spent a lot of time and money drawing in those they feel can contribute to a whole that is other than the sum of the parts. (more…)

January 20, 2020

Commercial property market will be shaped by climate change in 2020

by Neil Franklin • News, Property

The world’s commercial property markets will be defined this year by low interest rates, socially responsible investing, cautious optimism and climate change as well as six other factors according to Avison Young’s 2020 Forecast. The annual report series claims to provide perspective on how global events, trends and indicators impact commercial real estate in a variety of sectors, including capital markets, office, retail, industrial, multi-family and hospitality, among others.