Search Results for: productivity

April 13, 2017

UK productivity crisis deepens…but technology probably isn’t the solution ⁰

Following last week’s report from the ONS on the UK’s intransigent productivity challenge, and the Bank of England’s Chief Economist Andy Haldane’s intervention on the issue, a new report from accountants and business advisers BDO claims that the UK’s productivity crisis is deepening, rather than improving. The latest report claims that while firms are continuing to hire more staff, business output is struggling to pick up. The amount of output produced for each hour worked is therefore likely to slow further, undermining the UK’s already low productivity levels. This is despite the steady increase in employment levels which have been relatively unaffected by the uncertainty surrounding Brexit.

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April 6, 2017

UK productivity is up but the underlying puzzle remains unsolved ⁰

by Mark Eltringham • News, Workplace

The 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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February 15, 2017

UK employment rises to record levels (and productivity is up too) ⁰

by Mark Eltringham • News

The UK’s employment rate rose to 74.6 per cent in the final three months of last year, the highest rate recorded since data started being collected in 1971, according to the latest figures from the Office for National Statistics published today. The data also showed that UK productivity grew by 0.3 percent in Quarter 4 of 2016, following an increase of 0.4 percent in Q3, and that average earnings were 2.6 per cent higher over the fourth quarter compared with the same period in 2015. The growth in employment is seen to reflect a decline in the proportion of adults who are inactive but not seeking work. The unemployment rate remained at 4.8 per cent, the lowest level since 2005. The number of people in full-time employment rose by 45,000 in the three months to December. This was partly offset by a 7,000 fall in the number of people working part-time.

February 7, 2017

Brexit impact on UK’s future workforce size could undermine productivity ⁰

by Sara Bean • Knowledge, Legal news, News, Technology, Workplace

With the UK facing at best, very slow growth, or even shrinkage, of the working population, future changes to migration levels into the UK due to Brexit could exacerbate the financial stresses and strains caused by the UK’s aging workforce. This is according to the Mercer Workforce Monitor™ which claims that companies will need to invest heavily in automation, sectors of society historically under-represented in the workforce and look at ways of increasing productivity. According to the analysis, since 2013, the levels of EU and non-EU born immigration into the UK workforce has filled a gap left by the aging of the nation’s UK-born workforce which sees more in this group leave the workforce – through retirement, emigration or death – than enter it. National growth is closely linked to workforce growth; so reducing its future size would create major headwinds for the UK economy and since another 3.4 million people will reach the age of 65 in 2030; unless the UK decides to make drastic changes to the funding of pensions, health and social care, this smaller working population will be required to proportionally spend more of their income to care for their older citizens.

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January 11, 2017

Detoxify the workplace to improve employee wellbeing and productivity ⁰

by Sara Bean • Case studies, News, Wellbeing, Workplace design

While most organisations recognise the importance of keeping their employees safe, not enough focus is being given to wellness, and those organisations that do not prioritise employee wellness and design their workplaces accordingly will lose talent and potentially face bottom line repercussions. This is according to AECOM, which is urging organisations to “detoxify” their work environments to improve employee wellbeing. With 9.9 million working days lost due to work-related stress, depression or anxiety in Great Britain in 2014/151, employees’ health and happiness can have a direct impact on business performance. Making improvements to the physical environment can help organisations create spaces and working cultures that encourage creativity, support wellbeing and increase job satisfaction. (more…)

December 23, 2016

Presenteeism doesn’t aid productivity, so employers should set workers free ⁰

by Mark Eltringham • Comment, Flexible working

At this time of year, the days are short, the morning commute can be hellish and traffic grid-locked. Wouldn’t it be ideal if more employers recognised this and offered a solution involving flexible hours, remote collaboration or even home-working? And not just at Christmas, but the whole year round? More and more companies are switching on to the benefits this can bring in terms of their employees’ well-being and productivity. Firms can allow colleagues to occasionally work from home or a third place, provide tools that enable them to work remotely and support an agile working agenda. This can be done in parallel with making provision for a hi-tech and collaborative workplace where colleagues can get together regularly to connect, get work done and be part of an effective team.

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December 9, 2016

The workplace holds the key to enormous productivity boost, claims study ⁰

by Mark Eltringham • Facilities management, News, Workplace design

Companies could boost their productivity by between 1 and 3.5 per cent, adding as much as £70 billion to the UK economy, by focusing on how the workplace might be used to generate revenue, instead of regarding them simply as a cost to be managed. That is according to the newly published The Workplace Advantage report from The Stoddart Review based on a meta-analysis of 200 studies by workplace expert Dr Nigel Oseland. Taking a new approach to how space is used to help employees to be productive and changing who is responsible for the decisions is the first step. The Review, a collaboration between business leaders and workplace experts, found that only a little over a half (53 percent) of the UK’s office workers can say their workplace enables them to be productive. For the rest, a workplace that’s unproductive is also affecting their pride in the company, its image and culture. It found that too many businesses are prioritising filling up their offices with people rather than asking themselves ‘what will make their staff productive’. As a result, as many as 70 percent say their office is too noisy and they are disappointed by the lack of different types of workspace including communal areas and break-out zones.

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December 6, 2016

Sleep deprivation hits workplace health and productivity harder than we thought ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

Politicians and corporate bosses who seems to pride themselves on being able to function on less than six hours of sleep a night are sending out the wrong message to the workforce, as recent research suggests that a lack of sleep among UK workers is costing the economy up to £40 billion a year, 1.86 per cent of the country’s GDP. According to researchers at the not-for-profit research organisation RAND Europe, sleep deprivation leads to a higher mortality risk and lower productivity levels among the workforce, which, when combined, has a significant impact on a nation’s economy. A person who sleeps on average less than six hours a night has a 13 per cent higher mortality risk than someone sleeping between seven and nine hours, researchers found, while those sleeping between six and seven hours a day have a 7 per cent higher mortality risk. The report, Why Sleep Matters – The Economic Costs of Insufficient Sleep, describes sleeping between seven and nine hours per night as the “healthy daily sleep range”.

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November 10, 2016

If we want to maximise productivity and wellbeing, how many hours should we work? ⁰

by Mike James • Comment, Flexible working

Some people cling to the idea that if you want to get more work done, the obvious solution is to put in more hours. But if that’s true, why are a number of companies in Sweden reducing their working schedule from eight hours a day to six? Is Sweden that economically successful that they can afford to give their staff a quarter of the day off? No – something different is going on. But to understand it, we need to look at where the idea of the eight hour working day and its association with productivity comes from. During the late 19th century, there was an increased demand for worker’s rights, and the debate about working hours was right at the heart of it. Improvements were slowly made, as standard 16-hour-a-day shifts reduced and reduced. As the 20th century arrived, significant progress had been made, but even then many stubborn companies held on to older working practices. Ten-hour, six-day-a-week schedules were still common.

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October 22, 2016

Uberification of work + Future of coworking + Quest for productivity ⁰

by Sara Bean • Facilities management, Flexible working, Newsletter, Property, Technology, Wellbeing, Workplace

In this week’s Newsletter; Anthony Brown argues Uber’s success lends a name for a process that is reshaping the commercial property sector; Mike James wonders where the gig economy and zero hours contracts are taking us; and Mark Eltringham discusses the interaction of people and technology. Two new reports highlight the growth of the freelance workforce in the UK and US; researchers analyse the impact of coworking from a corporate real estate (CRE) perspective; Barclays presents its vision of the workforce of the future; and Herman Miller unveils a new Aeron chair. The latest stage of the UK’s BIM Task Group programme is officially launched; responses to a government enquiry reveal the barriers the built environment still presents to disabled people; and a combination of financial, mental and physical health problems affect many workers. Download our new Briefing, produced in partnership with Boss Design on the link between culture and workplace strategy and design; visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

September 27, 2016

Nearly all UK cities lagging behind European average for productivity ⁰

by Mark Eltringham • Cities, News, Property, Public Sector, Technology

The UK’s major cities are lagging behind their European competitors in terms of skills, innovation and productivity, claims a new report from the Centre for Cities think tank. In Competing with the Continent, the authors argue that the onus is on the UK to come up to speed with the 330 cities covered in the report, especially if they want to compete in the new post Brexit European landscape. However, the report notes that the UK has a number of existing, structural advantages over other countries. UK cities generate around a fifth of Europe’s total economic output and contribute more to the national economy than cities in other countries. Major British cities contribute 60 percent of national GDP, compared to just 36 percent in Germany and 32 percent in Italy. The report shows that UK cities lag behind on a range of indicators including skills, innovation and productivity and a number have an industrial mix that has more in common with cities in Eastern Europe than those in the West.

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