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Many workers believe AI and automation will increase employment and flexible working

Many workers believe AI and automation will increase employment and flexible working 0

by • Flexible working, News, Technology

A new study from Adecco suggests that a large number of employees have a generally positive attitude towards technology in the workplace with many seeing it as increasing employment opportunities and nearly half believing that the advent of artificial intelligence and automation will enable a greater uptake in levels of flexible working. According to the Humans vs Robots report, two-thirds (65 percent) of employees believe that overall, technology has actually increased the number of jobs available to them, 54 percent believe that advances in technology will continue to create more jobs than it destroys over the next decade, 48 percent think AI will positively benefit them, by helping them to work more flexibly and a large majority of workers (87 percent) think that computers will make their role easier within the next ten years

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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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Governments need to address perfect storm of low wages, productivity and automation

Governments need to address perfect storm of low wages, productivity and automation 0

by • News, Technology

Governments need to act now to address issues such as productivity, automation and stagnating or falling wages, according to two new reports from the International Monetary Fund (IMF). In both its Spring global policy agenda and world economic outlook, the IMF claims that workers are subject to a perfect storm of factors that will destabilise their jobs and lives unless governments implement robust policies to help them work more flexibly, acquire new skills and work alongside the new generation of automated technologies instead of in competition with them. Addressing the issues in a speech last week, IMF managing director Christine Lagarde said that governments need to create a new economic and social architecture that allows everybody to take advantage of the opportunities offered by technology and the current growth in the world economy.

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Apple granted permit to trial driverless cars in California

Apple granted permit to trial driverless cars in California 0

by • Flexible working, News, Technology

Apple has been given permission to test a range of driverless cars in California. The state’s Department of Motor Vehicles has awarded a permit for the company to start testing its self-driving car technology on public roads, ending a period of speculation about its plans for the autonomous technology. The permit covers three vehicles, which will be 2015 Lexus RX 450h hybrid SUVs, and six individual drivers. However, the plan does not seem to suggest that Apple will become a car maker any time soon and instead will focus on the development of the technology itself rather than the hardware.

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Jobs should be redesigned to improve wellbeing

Jobs should be redesigned to improve wellbeing 0

by • Flexible working, News, Wellbeing, Workplace design

It’s not just the nascent fourth industrial revolution that is challenging our traditional views of work, but also the growing realisation that we could be doing things so much better anyway. The author Douglas Coupland and the World Economic Forum are already holding conversations about the fundamental issues with work and how we go about it. At the heart of this is the very design of jobs and what it means for us and our wellbeing. Only 28 percent of people in the UK are highly satisfied with their jobs, and yet, estimates suggest that an adult in work would spend an average of 57 percent of their waking hours working. A new international study from the University of East Anglia  and the What Works Centre for Wellbeing based on a review of 4,000 pieces of research claims to show why organisations often fail to improve staff wellbeing. It suggests that employees should be encouraged to design their own jobs, and find ways to help managers better understand their concerns.

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Despite Brexit, UK remains most attractive commercial real estate market

Despite Brexit, UK remains most attractive commercial real estate market 0

by • News, Property

The UK remains the preferred region to invest in commercial real estate despite seeing a slight dip in popularity since Brexit, according to the latest BrickVest commercial property investment barometer. In March 2017 nearly one in three (30 percent) selected the UK as their preferred commercial real estate investment location, down slightly from 31 percent in March 2016. BrickVest’s quarterly survey of 3,000 investors found that a quarter (25 percent) of respondents favour Germany as their second location of choice for commercial real estate opportunities, the same as last year. Less than one in five (18 percent) selected the US which represents a fall from 21 percent last year. The same number (18 percent) also selected France although this is an increase from 14 percent in 2016.

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US millennials hold complex and even traditional attitudes to working families

US millennials hold complex and even traditional attitudes to working families 0

by • Flexible working, News

working familiesA report from the US based Council on Contemporary Families claims that younger millennials have a much more complex and even traditional attitude than recent generations towards issues such as gender roles, workplace equality and working families arrangements. The study has monitored the attitudes of 50,000 18-25 year olds in the US since 1975. The most recent study, based on data from 2014, found that fewer of the current generation in that age category support egalitarian family arrangements than the same group 20 years ago. It suggests that while attitudes became uniformly more egalitarian throughout the 40 year period of the research, a more complex picture has now emerged in which positive attitudes towards traditional gender roles in families seem to be returning to the levels they were at the beginning of the 1980s, even though there is near universal agreement with ideals such as equality in the workplace and parental leave.

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The world will be completely awash with information by 2025 and firms should adapt soon

The world will be completely awash with information by 2025 and firms should adapt soon 0

by • News, Technology

The amount of data humans and their devices create will rise to 163 zettabytes over the next eight years, according to a new report from data firm Seagate. That is ten times as much as we created last year. As usual, the amount of data described in the report is inconceivable. A linguist called Mark Liberman once estimated that every word ever uttered by human beings would create around 42ZB of stored data. So if I were to make up a fact such as that a printout of 163ZB of data could create a planet the size of Neptune, you’d have to believe it. It’s a lot and it’s rising exponentially, that’s all we need to know. The interesting thing apart from the scale of the storage issue, is that the major source of the increase will be businesses not humans and that by 2025, we will be interacting with an Internet of Things connected device an average of 4,800 times a day.

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Demand for flexible office space is set to grow in London’s outer boroughs

Demand for flexible office space is set to grow in London’s outer boroughs 0

by • Facilities management, Flexible working, News, Property

Demand for flexible office space is set to grow in London's outer boroughsLondon’s office workers are looking for shorter commutes, demanding more collaborative and networking opportunities while at work and better access to green space, retail, leisure and wellness; all of which could present a huge opportunity for the less congested outer London boroughs, a new report suggests. According to Savills latest London Mixed Use Development Spotlight, as employers and employees alike demand more from their workplace and their work- life balance, London’s outer boroughs could reap the benefits by providing greater flexible office space and affordable homes at a variety of price points. According to Oxford Economics, employment in sectors that tend to occupy co-working spaces is set to rise by 20,000 people in the outer London boroughs over the next five years, which equates to a gross additional need of 1.6 million sq ft (148,644 sq m) of office space.

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UK productivity is up but the underlying puzzle remains unsolved

UK productivity is up but the underlying puzzle remains unsolved 0

by • News, Workplace

productivity puzzleThe latest productivity data from the Office for National Statistics shows that UK productivity is up, although the accompanying briefing admits that the data ‘provides little sign of an end to the UK’s productivity puzzle’. According to the report, output per hour increased in the final quarter of 2016 at its fastest rate for more than a year. Quarterly growth of 0.4 percent lifted output per hour 1.2 percent higher than a year ago. While the productivity puzzle is a feature of most developed economies, it is particularly intransigent in the UK, which has a significant gap compared to other nations such as Germany, the US and France. This is despite the fact that Britons spend more time working than those in any comparable nation, except the US.

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Europe’s workers turn to the gig economy

Europe’s workers turn to the gig economy 0

by • Flexible working, News

European employees appear ready to embrace the ‘ gig economy ‘, according to research by ADP. The study of nearly 10,000 European working adults claims to reveal how employees across Europe feel about the future of work. As many as 63 percent of UK employees and 68 percent of European employees are interested in, or would consider self-employment or freelancing although the desire for this style of working does vary drastically across regions. According to the report a third (33 percent) of UK employees say work-life balance is a key motivating factor although pay is still the ultimate driver for all European employees.

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Social technology has the power to make the workplace more humane

Social technology has the power to make the workplace more humane

by • Comment, Technology, Workplace

Coloured-Social-Media-Icons-RoundSocial technology can, and should, make the workplace more humane. That’s because it has the potential and ability to shift the power dynamic from the few to the many. It gives more people a voice: one that they’re not afraid to use. You’ve only got to look at the uprisings, and the overthrowing of governments, in Egypt and Tunisia, to see the power of greater connectivity enabled by platforms such as Facebook. What was dubbed the Arab Spring was change on a grand scale. But, as Seth Godin points out in his book Tribes, it’s “tribes, not money, not factories,” that will change the world. The consequences of this are not lost on the people and cultural practices within organisations. The functions of how we recruit, how we learn, and how we communicate are all under pressure to bring greater humanity into the approach.

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