February 5, 2020

Businesses can fail if employees are over-confident

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 31, 2020

Communicating employee rewards boosts engagement

by Jackie Le Poidevin • News, Working culture

Communicating a business’s “employee value proposition” or EPV – the package of rewards that it offers in return for the person’s performance at work – is having an increasingly positive impact on employee engagement, retention and recruitment, research has claimed. Aon’s Benefits & Trends 2020 Survey (registration required) suggests that although the percentage of employers who have, or are working towards, an EVP remains similar to last year (76 percent), the number that now communicate it to staff has increased. Of those employers that have an EVP, 77 percent now explain it to employees, an increase of 9 percent on 2019.

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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 29, 2020

Is your biggest competitor already working for you?

by Jackie Le Poidevin • News, Working culture

Employers worried about rivals poaching their staff should be looking closer to home to spot their next competitor, a new study has claimed. In a survey of 3,000 UK employees by Synergy Creative, nearly half (47 percent) said that they would love to be their own boss, raising the prospect of them setting up in competition to their existing employer. Of those intending to find a new job in 2020, a third said their ideal job is to work for themselves, compared to 25 percent who are looking to move to another company. (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 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 24, 2020

Most executives lack skills to lead in digital economy

by Jackie Le Poidevin • News

Most executives around the world are out of touch with what it takes to lead effectively and for their businesses to stay competitive in the digital economy, a new study has claimed. Out of nearly 4,400 executives in over 120 countries surveyed by MIT Sloan Management Review (MIT SMR) and Cognizant, only 9 percent agreed that their organisation has the skills at the top to thrive in the digital economy. (more…)

January 23, 2020

Aligning talent with strategy is the key to business success

by Neil Franklin • News, Workplace

Companies that align talent with business strategy outperform others by 16 percent, retain 30 percent more top performers, and see 34 percent higher employee performance according to The State of Talent Optimization Report (registration) from The Predictive Index. (more…)

January 20, 2020

Digital culture is key to attracting contingent workforce

by Mike Ryan • Comment, Workplace

Over the past decade, we’ve witnessed a radical change in the makeup of workforces in the UK and globally. The rise of flexible workforces continues unabated, to the point where contingent workers are a significant and vital part of the employment fabric. Demonstrating this point, recent research by the City & Guilds Group found that 84 percent of UK employers use contingent workers, and 35 percent anticipate they will rely on them more in the next 3-5 years. (more…)

January 17, 2020

HR struggles to develop high-quality leadership talent

by Jackie Le Poidevin • Business, News

More than one-third of HR chiefs are struggling to develop effective senior leaders and only half of 2,800 surveyed leaders believe they are well-equipped to provide the leadership to guide their company in the future, according to a survey by Gartner, Inc. Efforts to tackle the emerging issues of the 2020s and beyond – including public pressure for business transparency, the rise of automation and the creation of never-before-seen jobs – will be fruitless unless HR managers find ways to nurture and retain capable future leaders, the research and advisory company concludes. (more…)

January 17, 2020

Structure of teams could be source of competitive advantage

by Neil Franklin • News

Cass Business School and Slack have published new research into the nature future of teamwork which identifies the relationships between team alignment and execution, drivers for competitive advantage, and the role of new workplace technologies. It suggests that teams are the fundamental building blocks of modern organisations but their role in delivering better outcomes for an organisation is still undervalued. (more…)

January 16, 2020

Employers shift focus to wellbeing and employee benefits

by Jayne Smith • News, Wellbeing

New research from Aon claims that employers have increased their strategic focus on both emotional and financial wellbeing programmes, while physical wellbeing programmes have remained largely static. Aon’s UK Benefits & Trends 2020 Survey (registration) shows that 51 percent of employers now have financial wellbeing strategies in place, up from 21 percent three years ago, while 68 percent have emotional wellbeing strategies, up from 41 percent. These were the least developed pillars of employee wellbeing when Aon asked organisations in its 2017 UK Health Survey. (more…)