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New analysis sets out to define fastest growing sectors in London in 2018

New analysis sets out to define fastest growing sectors in London in 2018

A new analysis from Instant Offices sets out to identify the largest business sectors driving London’s economy. It claims that the three most prominent are information and communication, financial and insurance, and professional, scientific and technical services. The UK Business Register and Employment Survey (BRES) showed distinct trends in growth for specific sectors, in London and in the UK as a whole.

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Extending reporting requirements may help close gender pay gap say MPs

Extending reporting requirements may help close gender pay gap say MPs

Extend reporting requirements to help close gender pay gap say MPs

Employers should be required to publish a narrative and action plan under Gender Pay Gap reporting requirements, the inquiry on executive pay and the gender-pay gap by the Business, Energy and Industrial Strategy (BEIS) Select Committee has recommended today. It has found that the requirements to publish data which came into force in April this year represents a ‘small but welcome step towards ensuring that women can make their fullest possible contribution in the workplace and to the economy’, but it calls for the Government to be more ambitious. Detailed statistics should be provided to aid analysis and organisations should explain what they are doing to tackle their gender pay gaps. Under the new rules employers would have to provide some narrative reporting alongside their gender pay statistics, with an action plan setting out how pay gaps are being and will be addressed, including objectives and targets. Subsequent reports would include progress against this action plan, including targets set. (more…)

Treating employees as workplace consumers could help improve productivity

Treating employees as workplace consumers could help improve productivity

Treat employees as workplace consumers to help improve productivity says reportEmployers need to recognise the workplace as integral to delivering a business’ commercial strategy, and treat employees as ‘workplace consumers’ – creating ‘frictionless’ experiences and environments that help them perform to their best ability. This is according to a report: ‘Optimising performance: defining, designing, maintaining and evolving workplace experiences’ from Interserve, undertaken in partnership with Advanced Workplace Associates (AWA). The two-year study into the science behind effective working environments argues there is a need to radically re-envisage workplaces to optimise team productivity and maximise the value of physical working environments. It sets out a series of critical steps for knowledge-based businesses to revolutionise the workplace – and thereby aid employee performance. The report argues that traditional silos, from IT and HR to facilities, need to be broken down to integrate the management of the workplace as part of a ‘one-team’ approach; doing so will ensure companies can deliver a streamlined workplace experience which supports employee productivity.

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New research suggests that the confidence gap between men and women is a myth

New research suggests that the confidence gap between men and women is a myth

The confidence gap between men and women is a myth, according to Laura Guillén, Professor of Organisational Behaviour at ESMT Berlin, because women viewed as self-confident aren’t more likely to get ahead. For women, gaining influence at work is more closely tied to their warmth and caring than the appearance of self-confidence. Laura’s research, in collaboration with Margarita May of IE Business School and Natalia Karelaia of INSEAD, examined high-performing workers in a male-dominated technology company that employs more than 4,000 people worldwide. The research also suggests women are expected to care for others on top of their workload, whilst men are held to a lower standard of key performance indicators.

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Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

An estimated 600,000 vacancies in digital technology are costing the country £63 billion a year, according to information provided by techUK in a report on skills shortages published by the Edge Foundation.The second of the education charity’s bulletins on the UK’s skills shortages, shines a spotlight on the tech industry and the devastating economic impact of the government’s failure to encourage young people to study relevant subjects and upskill existing workers. The bulletin, Skills Shortages in the UK Economy, brings together the most current statistics and analysis of skills shortages in the UK which cost the economy £6.3 billion each year in direct costs such as recruitment and temporarily filling gaps, according to the Open University’s 2018 Business Barometer.

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How Charles Eames came to have mixed feelings for his most famous chair

How Charles Eames came to have mixed feelings for his most famous chair

Eames-Lounge-Chair-3As any honest smartphone user would attest, the things we own sometimes end up owning us. Equally, the things we create can end up owning us. The most famous item designed by Charles Eames is a moulded plywood, leather upholstered lounge chair and matching ottoman that are timelessly iconic, have spawned thousands of rip-off versions, invariably feature in any anthology of classic Twentieth Century design and are now part of a permanent exhibit at the New York Museum of Modern Art. Yet Eames himself never intended it to go into production in the first place and didn’t even view it as his best product. In an interview in Time magazine he revealed that it was originally designed as a gift for a friend. ‘I made it as a present for Billy Wilder,’ he said. ‘Billy had made a picture in East Germany and found a Marcel Breuer chair and brought it back to me and this was a return present.’

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Driverless vehicles will be on our roads within three years, claim industry experts

Driverless vehicles will be on our roads within three years, claim industry experts

Car companies, ride-hailing services and car industry technology suppliers each have their own prediction for when driverless cars will be ready to take to highways and city streets. Consultancy BDO has carried out a meta-analysis of a range of predictions and forecasts and concludes that autonomous vehicles will arrive in early 2021. There are some differences though, according to thh authors. Averaging out the predictions, car companies think that driverless technology will be ready around 2 am on June 11th, 2021. Ride-hailing services and technology suppliers are a bit more optimistic. They predict that autonomous car technology will be ready by midnight, March 14th, 2020.

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Half of CIOs say Artificial Intelligence will lead to more jobs and improve productivity

Half of CIOs say Artificial Intelligence will lead to more jobs and improve productivity

Half of CIOs say Artificial Intelligence will lead to more jobs and improve productivity

Fears that Artificial Intelligence will destroy the job market are not shared by more than half (51 percent) of UK CIOs who see AI as a job creator. This is more than three times the number who say that it will diminish workers’ job prospects (16 percent). For the survey UK CIOs were asked, ‘Artificial intelligence is changing the way that companies operate and people work. Do you think AI will have a positive or negative impact on job creation and recruitment?’ Their largely positive response closely reflects that of a recent PWC report which predicts AI could create as many jobs as it displaces in the UK over the next 20 years. (more…)

MPs say more effort needed to tackle widespread sexual harassment in workplace

MPs say more effort needed to tackle widespread sexual harassment in workplace

More effort needed to tackle widespread sexual harassment in workplace say MPsSexual harassment in the workplace is widespread and commonplace, with unwanted sexual behaviours such as sexual comments, touching, groping and assault seen as an everyday occurrence and part of the culture in workplaces, and the Government, regulators and employers are failing in their responsibilities to tackle the problem says an influential group of MPs. Employers and regulators have ignored their responsibilities for too long, found the Women and Equalities Committee following a wide-ranging six-month inquiry and often legal protections are not available to workers in practice. The Committee found that despite 40 percent of women and 18 percent of men having experienced unwanted sexual behaviour in the workplace there has been a failure to tackle unlawful behaviours, despite the Government’s obligations under international law. The report calls on Government to focus on five priorities to put sexual harassment at the top of the agenda for employers.

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RICS and IFMA launch Procurement of Facilities Management statement to address “race to the bottom”

RICS and IFMA launch Procurement of Facilities Management statement to address “race to the bottom”

The Royal Institute of Chartered Surveyors (RICS) has today launched its first professional statement to ‘reduce risk, increase transparency and further trust’ in procurement in facilities management. The RICS Procurement of facility management, RICS professional statement, UK 1st edition, was worked on in collaboration with IMFA, and also the Chartered Institute of Purchasing and Supply (CIPS). RICS says it will be looking to make this a global professional statement in due course. All RICS regulated professionals (mandatory from the 1 October 2018) will be expected to follow this guidance, but according to RICS, adoption of the framework would be competitively beneficial for all property professionals involved in the procurement of FM services, including those acting for landlords and occupiers, FM suppliers procuring services from sub-contractors and investors and public and private occupier organisations.

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New report on the future of work argues we are at an inflection point on the journey

New report on the future of work argues we are at an inflection point on the journey

Whatever you make of the Brexit vote, the idea put forward by Jacob Rees-Mogg in a Channel 4 interview that it will take 50 years before we can judge its benefits is extraordinary. No doubt, people will be making those judgements in half a century, but long term predictions of this kind are invariably foolish. Especially when you consider that nobody seems to know what is happening with Brexit at all on a day by day basis. Predictions about the long term future of work can be equally foolhardy. This is a reason why it’s best to make them about the short term, while you still have a reasonable chance of looking prescient. A lesson for the authors of this piece of nonsense published in Fast Company last week.

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Cities should make the most of their digital connectivity

Cities should make the most of their digital connectivity

Cities need more powers and resources from Government to address digital divides – but also need to make better use of existing technology to transform public services. This is according to a report published by the think tank Centre for Cities in partnership with Telefónica UK. It examines how digital technology – in terms of both fixed and mobile connections – is transforming urban Britain, and the steps national and local leaders can take to ensure people and places across the country benefit. However, the report also warns that many UK cities are not taking full advantage of existing digital connections, and the benefits it could offer to residents and businesses – as well as the potential it has to improve public services.

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