Search Results for: risk

Office fit out costs rise as firms adapt to new ways of working

Office fit out costs rise as firms adapt to new ways of working

by • Environment, News, Property

A renewed focus on office space comes at a price, with businesses facing rising office fit out and design costsAccording to a new report from JLL, the office sector is again taking ‘centre stage’ in commercial real estate as companies worldwide adapt hybrid work policies to encourage greater in-office attendance. However, this renewed focus on office spaces comes at a cost, with businesses facing rising expenses to design and fit out their work environments. According to JLL’s newly released Global Office Fit-Out Costs Guide 2025, 59 percent of organisations globally plan to increase investment in office space design and fit-outs over the next five years. The report, which analyses data from 68 cities across 40 countries, highlights significant cost variations, key cost drivers, and the growing demand for sustainable office spaces. (more…)

If you want your business to grow, become a digital leader

If you want your business to grow, become a digital leader

by • Business, Comment, Technology

The takeaway from research is clear: investing in becoming a digital leader fuels business success.How often does your organisation really challenge its approach to digital? A recent report from Virgin Media O2 Business in partnership with Cebr revealed a gap in progress between tech adopters and non-adopters. The average tech-adopting ‘digital leader’ saw a 12 percent turnover growth and 9 percent headcount growth between 2021 and 2023. This was double that of slower-adopting ‘digital followers’, with 6 percent turnover and 3 percent headcount. (more…)

Traditional incentives don’t encourage people back to the office. Here’s what might

Traditional incentives don’t encourage people back to the office. Here’s what might

by • Flexible working, News, Property

A new report from Colliers claims to highlight the major challenge businesses experience in attracting people back to the office when attendance remains stubbornly lowA new report from Colliers claims to highlight the major challenges businesses experience in attracting people back to the office when attendance remains stubbornly low. With average peak occupancy below 40 percent across Europe, the Middle East, Africa (EMEA) and North America, and workplaces lacking ‘vibrancy’ 83 percent of the time, many organisations are struggling to foster collaboration and engagement. (more…)

People who hide their use of AI have their work taken more seriously

People who hide their use of AI have their work taken more seriously

by • AI, News

employees who conceal their use of AI tools may receive better evaluations, which the report claims may be because firms struggle with trust issues and misaligned incentivesNew research led by Professor David Restrepo Amariles from business school HEC Paris claims to uncover challenges in the adoption of AI tools, particularly the phenomenon of “shadow adoption,” where employees use generative technology like ChatGPT without disclosing it. The research suggests that employees who conceal their use of artificial intelligence may receive better evaluations, which the report claims may be because firms struggle with trust issues and misaligned incentives. (more…)

Important eye care habits professionals should practice in 2025 and beyond

Important eye care habits professionals should practice in 2025 and beyond

by • Company news, Wellbeing

However, whether it comes to your wellness or work, you may be neglecting an important aspect of both: eye careWith the new year in full swing, you may be working hard to stick to your resolutions and goals, whether it’s exercising more, eating healthy, saving money, and much more. For your professional life, you may be prioritising working towards a promotion you’re aiming for, getting more organised and productive, or quickly hitting your targets and quotas. However, whether it comes to your wellness or work, you may be neglecting an important aspect of both: eye care. Maintaining eye health is essential for work and everyday life, but many people lack the right habits. (more…)

Young women say they need help to escape the trap of insecure work

Young women say they need help to escape the trap of insecure work

by • Flexible working, News, Wellbeing, Workplace

New research from Young Women’s Trust suggests that insecure workers are feeling trapped, disposable, undervalued and unprotectedYoung women are urging employers to improve flexibility, provide more notice of shift rotas and cancellations, and invest in training and skills development for workers on zero-hours and fixed-term contracts – as new research from Young Women’s Trust suggests that insecure workers are feeling trapped, disposable, undervalued and unprotected. Young women are one of the groups most exposed to the challenges of insecure work because they’re more likely to enter the industries that use it. They’re also paid less than men in insecure jobs. On top of this, there’s a ‘sticky floor’ effect whereby young women feel trapped and unable to leave – almost 3 in 10 (27 percent) said that they don’t feel confident enough to move out of insecure work when they want or need to. Many also cited the lack of opportunities to develop their skills leaving them feeling ill equipped to find permanent employment. (more…)

Global real estate markets grow (very cautiously) optimistic

Global real estate markets grow (very cautiously) optimistic

by • News, Property

The global real estate sector thinks it is close to ending a three-year journey to recovery, with a widely held view that 2025 may breakthrough to a ‘reset point’ or commence a new cycle. Even so, real estate leaders globally are braced for another challenging year of uncertaintyThe global real estate sector thinks it is close to ending a three-year journey to recovery, with a widely held view that 2025 may breakthrough to a ‘reset point’ or commence a new cycle. Even so, real estate leaders globally are braced for another challenging year of uncertainty, with lingering inflation, largely driven by factors including geopolitical instability, and persistently higher interest rates in some regions, potentially delaying a hoped-for recovery in capital markets and occupancy metrics. This is according to the Emerging Trends in Real Estate Global Outlook 2025 from PwC and the Urban Land Institute (ULI), which provides an important gauge of global sentiment for investment and development prospects, amalgamating and updating three regional reports which canvassed thousands of real estate leaders across Europe, the United States and Asia Pacific. (more…)

Outdated offices are sabotaging ‘return to office’ policies

Outdated offices are sabotaging ‘return to office’ policies

by • Comment, Flexible working, Technology, Workplace design

The debate over whether to return to the office or sustain a remote team has become one of the most significant workplace discussions in recent yearsThe debate over whether to return to office work or sustain a remote team has become one of the most significant workplace discussions in recent years. Companies are struggling to balance remote and in-office work, yet strict return-to-office (RTO) mandates are failing to deliver the intended results. While many assume the COVID-19 pandemic was the advent of hybrid work models, in reality, many businesses had already begun adopting flexible work arrangements before the pandemic accelerated the shift to remote working. (more…)

Employment law five years after COVID: what’s changed?

Employment law five years after COVID: what’s changed?

by • Comment, Workplace

As we approach five years since the COVID-19 pandemic hit, it’s a good opportunity to look back on the impact it had on the UK workplace and employment lawAs we approach five years since the COVID-19 pandemic hit, it’s a good opportunity to look back on the impact it had on the UK workplace and employment law. The pandemic was a seismic event for the workplace, but did it fundamentally change employment law in the UK? While COVID brought emergency measures such as furlough, the legal framework underpinning employment has remained largely intact. What has shifted, however, is the prominence of certain legal rights and protections for the employee —especially around health and safety, flexible working. (more…)

We may think we are pretty aware of the effects of AI. But posterity may draw different conclusions

We may think we are pretty aware of the effects of AI. But posterity may draw different conclusions

by • AI, Comment, Wellbeing

Artificial Intelligence (AI) is reshaping the world around us at breakneck speed, unlocking opportunities we could not have even imagined a few years ago. But with its potential comes an immense set of challenges. How we handle this transformation will define the future of our workplaces, economies, and societies. Recent events, including Trump’s revocation of Biden’s executive order addressing AI risks, Labour’s ambitious plans to integrate AI across the UK, and Facebook’s unsettling U-turn on content moderation, highlight the urgent need for businesses to take an ethical, informed, and responsible approach to AI adoption. (more…)

New study reveals link between workaholism and organisational harm

New study reveals link between workaholism and organisational harm

by • News, Wellbeing

The hidden ethical costs of workaholism have been highlighted in a recent study led by Aston University and University of Leipzig scholarsThe hidden ethical costs of workaholism have been highlighted in a new study led by Aston University and University of Leipzig scholars. Workaholism is an inner pressure to working, that provides a sense of fulfilment but can lead to physical and psychological problems, relationship issues and burnout. The study, published in the Journal of Organizational Behavior, showed that it can interfere with moral self-regulation and subsequent ethical behaviour, particularly in organisations that prioritise bottom-line results and self-interest. (more…)

Most people are happy for AI to inform decisions about work, CIPD claims

Most people are happy for AI to inform decisions about work, CIPD claims

by • AI, News, Workplace

To coincide with National Productivity Week, a CIPD poll suggests that almost two thirds of people (63 percent) would trust artificial intelligence (AI) to inform - but not make - important decisions at workTo coincide with National Productivity Week, a CIPD poll suggests that almost two thirds of people (63 percent) would trust artificial intelligence (AI) to inform – but not make – important decisions at work. According to the poll of over 2,000 people, over a third (35 percent) wouldn’t trust AI to make important decisions at work, preferring to use human intelligence. Just 1 percent of respondents would trust AI to make important work decisions. (more…)

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