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About time we simply accepted that coworking and flexible working are the new normal

About time we simply accepted that coworking and flexible working are the new normal

by • Comment, Coworking, Flexible working, Workplace design

Ask someone to list innovative companies which have become notable disruptors in their market and they invariably respond with two names – Uber and Airbnb. That is because both brands are positioned squarely and successfully at the retail consumer: for people who use a taxi or take an occasional short break in a foreign city, they have become the automatic default options. But there is another equally successful business targeting the corporate space, aimed particularly at small businesses and millennial tech start-ups: WeWork. Just like Uber and Airbnb, it is less than a decade old. In that time, WeWork’s ambition of being the world’s leading coworking company has been realised. Championing itself as a disruption revolutionary, it has succeeded more prosaically by ‘creating environments that increase productivity, innovation, and collaboration,’ according to its website. WeWork’s model involves renting office space cheaply via long-term lease contracts. Small units are then re-rented at higher rates to start up companies which are happy to pay a premium because they need very little space.

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Automation will lead to greater inequality rather than job losses

Automation will lead to greater inequality rather than job losses

by • AI, News, Technology

The total level of wages associated with jobs that have the technical potential to be automated in the UK is £290 billion per year, which represents 33 percent of all wages and earnings from labour in the economy, according to a new report published by IPPR  for the IPPR Commission on Economic Justice. The report further claims that low-wage jobs have more potential to be automated than high-wage jobs and so it’s not just automation’s impact on the number of jobs that need to be considered but the impact on inequality. If automation leads to lower average wages or working hours, or loss of jobs in aggregate, a significant amount of national income could be transferred from wages to profits. And while increased automation of activities will replace some workers and labour earnings, employment and wages will rise in other areas of the labour market due to higher output and productivity, offsetting some of the original £290 billion lost but increasing pay inequality.

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Productivity, retention and employee wellbeing improve when there is workplace trust

Productivity, retention and employee wellbeing improve when there is workplace trust

by • News, Wellbeing, Workplace

Quarter of employees have left their jobs because of a lack of trust

Being in a reliable work environment increases retention, productivity and employee wellbeing, while also promoting a better business culture, finds new research from Bupa. An examination of workplace trust and the impact on employee wellbeing reveals that over half (53 per cent) of employees considered it to be a major factor in whether they stayed or left a company. The research found that nearly a quarter of UK employees (24 per cent) have left their company due to issues around trust. Although trust is not a tangible workplace benefits, such as salary and bonuses, it is an essential variable in promoting harmony and productivity within an organisation and the study suggests how important it is within the workplace, and also the contribution it makes to the wellbeing of employees and the overall performance of a company. The study also asked employees how trust compares to other company benefits. Nearly two thirds (62 per cent) believe that trust is more important than a gym membership or company mobile, while over half value it more than a free canteen (56 per cent) and company car (55 per cent).

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BIFM to change its name to reflect greater focus on workplace issues and pursue chartered status

BIFM to change its name to reflect greater focus on workplace issues and pursue chartered status

by • Facilities management, News

The British Institute of Facilities Management (BIFM) has today announced plans to embrace ‘workplace’ as a key ‘differentiator’ for its members and to help establish facilities management as a chartered profession. The manifesto for change announced by BIFM Chair Stephen Roots, sets out to ‘reposition facilities management, emphasising its ability to make a real contribution to organisations’ performance’. It sets the Institute the ‘twin tasks of helping members to improve their skills and their status to meet the needs of modern organisations, and to raise the profile of facilities management and the understanding of the value it contributes’. The proposed new name is the Institute of Workplace and Facilities Management (IWFM).

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Standing desks may not be the wellbeing panacea we’ve been led to believe

Standing desks may not be the wellbeing panacea we’ve been led to believe

by • News, Wellbeing, Workplace design

Regular readers will know that we’ve been banging this particular drum for some time (see below), but new research confirms that sitting may not actually be the ‘new smoking’ and standing desks may not be the panacea we’ve been led to believe. A new study published in the journal Ergonomics confirms that standing at a workstation for prolonged periods of computer work can lead to ‘discomfort and deteriorating mental reactiveness’ which in turn can lead to a range of health problems and reduced productivity.  As usual, the nuances and limitations of this research have been ignored in the reporting of the study so that now standing desks are seen as a problem when instead they’re a good potential solution as part of a workplace culture that encourages people to move and shift posture more frequently.

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Fifth of employees think the stated core values and vision of their company do not reflect reality

Fifth of employees think the stated core values and vision of their company do not reflect reality

by • News, Technology, Workplace

Fifth of employees don't think their company's core values and vision reflect the reality

Over a quarter (27 percent) of employees in the UK feel their organisation’s vision or values have too much corporate jargon and almost one in five (18 percent) say they don’t reflect what the company is actually like, claims a new survey. Research by Rungway found that more than half (52 percent) of employees can’t recite their organisation’s vision, and nearly half (49 percent) can’t recite their organisation’s values. Two in five (39 percent) also said they wish they had more involvement in contributing to their company’s vision and values. Among demographics, men (45 percent) are more likely than women (32 percent) to want to be involved in contributing to the company’s vision or values than women, and those aged 25 to 34-years-old are the most likely to be able to recite their company’s vision and values (both 64 percent). That said, they are also the most likely (31 percent) among age groups to say the vision and values have too much corporate jargon.

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Unnecessary meetings costing UK business more than £191bn a year

Unnecessary meetings costing UK business more than £191bn a year

by • News, Technology

UK office workers are spending almost an entire working day every week attending and preparing for unnecessary meetings, according to a new survey from meeting technology firm eShare. The average office worker spends 10 hours 42 minutes every week, preparing for and attending 4.4 meetings, with 2.6 of those deemed unnecessary. With the average meeting revealed to have 6.8 attendees, this equates to annual staff costs for unnecessary meetings per business of over £35,000, based on ONS average earnings data. With 5.4 million businesses in the UK, this means the total staff cost per year is more than £191bn, according to the firm.

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Almost a third of UK workers would prefer flexible working to a pay rise

Almost a third of UK workers would prefer flexible working to a pay rise

by • Flexible working, News, Workplace

Almost a third of workers would prefer flexible working to a pay rise

Nearly a third of UK employees would prefer flexible working to a pay rise, with three quarters saying that the option of working flexibly would make a job more attractive to them, claims a new study. The research, conducted by Powwownow found that 75 percent of workers would favour a job that gives their employees the option to work flexibly – up from 70 percent in 2017. A majority, (81 percent) of women say that flexible working would make a job more appealing – with almost half (45 percent) strongly agreeing that they would favour a job that offers flexible working. Male workers also find the option to work flexibly attractive when considering a role, with 69 percent saying that they would view employers who offer flexible working more favourably.  The research also found that Millennials are the most likely to want the option to work flexibly, with 70 percent wishing they were offered it, compared to less than half (47 percent) of over 55’s.

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Diversity shown to help drive business performance but discrimination is still widespread

Diversity shown to help drive business performance but discrimination is still widespread

by • News, Workplace

Diversity shown to help drive business performance but discrimination is still widespread

The economic cost of workplace discrimination to the UK Economy is £127 billion a year, claims new research.  Of the £127 billion, £123 billion is due to gender discrimination, £2.6 billion as a result of discrimination against ethnic minorities and £2 billion due to discrimination as a result of sexual orientation. These are the claims of a new report commissioned by INvolve, a membership organisation that champions holistic diversity and inclusion in the workplace, and Cebr, an economics consultancy which analysed over 500 workplaces uncovered a significant positive correlation between diversity and financial performance.

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The UK needs a new approach to low pay, equality and flexible working

The UK needs a new approach to low pay, equality and flexible working

by • News, Workplace

A new research paper from the Institute for Employment Studies (IES) claims to identify areas where employers and policymakers should act to reinvigorate their pay and rewards practices to improve employee engagement and productivity. According to the IES, with the likely intensification of current recruitment shortages, skills gaps and the fall in living standards as the UK leaves the European Union, the paper argues that both employers and policymakers should act on three key areas – low pay, gender pay and total rewards – to help halt the relative decline of the UK’s already below-par productivity performance.

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Report calls for better understanding of the future risks of tech to workplace wellbeing

Report calls for better understanding of the future risks of tech to workplace wellbeing

by • AI, News, Technology, Wellbeing, Workplace

Better understanding needed of the future risks of work to health, safety and wellbeingIn a workplace dominated by insecurity, gig work and intelligent machines we need to improve our understanding of their potential impact on health, safety and wellbeing claims a new report. Future risk: Impact of work on employee health, safety and wellbeing, commissioned by the British Safety Council from RobertsonCooper researchers argues that the public debate on the future of work has centred so far on the likely shape of the workplace and its implications for both employers and employees. There has been far less focus on what this might mean for workers’ health, safety and wellbeing, with discussions centring on the present, rather than preparing us for the challenges of the future. Yet, the impact of automation on the workplace will be more fundamental than is commonly understood, with 11 million jobs predicted to be lost in the next 20 years in the UK. As we are already seeing with some ‘gig’ working, it may undermine such basic human needs as social identity, economic security and a sense of belonging. The report reviews the existing literature on this subject and makes a number of recommendations.

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Majority of employers want students to acquire leadership skills but few offer placements

by • News, Workplace

The majority of employers want students to have work experience to help acquire leadership skills, yet not even a third say they actually offer placements. This is according to new research published today by the Chartered Management Institute (CMI) which is calling on employers to collaborate with business schools and universities in creating courses to provide future leaders. The Chartered Management Institute’s 21st Century Leaders report found that seven in 10 (70 percent) of prospective employers now want management, enterprise and leadership modules made available to all higher education students to improve their work-ready skills. Two-thirds (66 percent) of employers say they want to see graduates achieve professional qualifications as well as their main degree. The growing emphasis on graduate employability has been driven by employers concerned about skills shortages, with 82 percent of employers reporting problems recruiting managers. A majority of managers (85 percent) said work experience should be embedded into courses to help develop these skills and make students more employable. Yet only 29 percent of businesses work with business schools to offer placements.

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