Search Results for: risk

Workers are as important as external stakeholders

Workers are as important as external stakeholders

by • Comment

At the recent World Economic Forum in Davos, workers around the globe could be forgiven for remaining sceptical at the news that the corporate world now regards them as stakeholders, and as important to their organisations as shareholders and customers. The traditional employee/employer relationship is slowly changing. Where the relationship was once exclusively hierarchical, it is now evolving into more of a partnership. Employees want to be more involved in processes and decisions. Subsequently, teams need to be more collaborative and communicative to drive innovation and creativity. To encourage optimum performance, leaders must learn to coach and encourage, rather than simply direct. (more…)

Wellbeing in the workplace consultation announced

Wellbeing in the workplace consultation announced

by • Company news, Wellbeing

first steps to wellbeingWellbeing advocacy group ukactive has announced a new partnership with HCA Healthcare UK, to undertake a consultation into health and physical activity in the workplace. The partnership brings together the independent research expertise of not-for-profit health body ukactive and the resources of healthcare provider, HCA UK. Anna Davison of ukactive can be heard speaking about workplace wellbeing in the Wellness Maters podcast here. (more…)

Report examines challenges of international expansion

Report examines challenges of international expansion

by • Business, News

international growthThree quarters of organisations say access to market opportunities is their key motivation for international expansion, according to a report. Businesses also named access to specialist skills as one of the main factors that influence their international growth ambitions (cited by 67 percent), alongside proximity to suppliers and resources (66 percent) and access to affordable labour (55 percent). (more…)

Acas publishes advice on handling coronavirus at work

Acas publishes advice on handling coronavirus at work

by • News, Workplace

coronavirusIn response to the coronavirus outbreak, Acas has published new advice to help employers understand their workers’ rights and how to handle the impact of the virus. The guidance includes tips on how to deal with sick pay, staff in quarantine and staff who do not want to come into work due to fears over catching the coronavirus. It also looks at what to do if the virus spreads widely in the UK or if a business needs to shut temporarily. (more…)

New EU AI strategy focuses on ethics

New EU AI strategy focuses on ethics

by • News, Technology

AIThe European Commission has put forward a strategy to promote the development of AI and robotics while putting people first and defending European values and rights. The strategy acknowledges that AI can open up new opportunities for businesses and bring solutions to challenges such as climate change. However, it aims to address the social, legal and ethical impact of new technology. (more…)

Firms doing too little to tackle employee data breaches

Firms doing too little to tackle employee data breaches

by • News, Technology

data breachesInsider data breaches are a major concern for 97 percent of IT leaders, according to new research. About three quarters believe that employees have put data at risk in the past 12 months accidentally (78 percent) or intentionally (75 percent). When asked about the implications of these breaches, more than two in five said financial damage would be the area of greatest impact. (more…)

The love of natural born leaders can come at a cost

The love of natural born leaders can come at a cost

by • Business, News

leaders eh?The inherent preference employers have for candidates with natural leadership ability could have a negative effect on their organisation, according to new research by Rotterdam School of Management, Erasmus University (RSM). The study, On Leading and Managing: Synonyms or Separate (and Unequal)? published in the Academy of Management journal suggests that firms tend to choose leaders over managers regardless of their culture and needs. (more…)

Employees use only fraction of their knowledge at work

Employees use only fraction of their knowledge at work

by • Knowledge, News

knowledgeEmployees use just 38 percent of their knowledge and expertise at work, meaning organisations are failing to unlock even half of the brainpower of their people, research has claimed. According to the survey of more than 1,000 UK and US “knowledge workers” by Starmind, 90 percent of employees want more opportunities to share knowledge and expertise and three quarters believe their organisation would benefit from accessing more of their expertise. More than 6 in 10 respondents feel they could contribute more but don’t know how, while nearly two-thirds say they have knowledge their organisation isn’t aware of or doesn’t capitalise on. (more…)

No trade deal Brexit would cost UK £37bn in lost output by end of 2022

No trade deal Brexit would cost UK £37bn in lost output by end of 2022

by • Business, News

UK GDP will be £37bn lower by the end 2022 if there is no trade deal with the EU by the end of this year than if trade talks continue beyond the government’s deadline, a report has claimed. The research by Oxford Economics (registration required) also predicts that financial markets would react negatively to a ‘no trade deal Brexit’, with sterling depreciating by 5 percent against the dollar in late 2020. It would drop around 3.5 percent against the euro, as the eurozone would also face reduced growth in this situation. (more…)

Watchdog raises concerns at councils` commercial property investments

Watchdog raises concerns at councils` commercial property investments

by • News, Property

commercial property risksSome local authorities in England have invested significant public money in buying commercial property over the past three years with the aim of generating a financial return. Debt has increased for many of these authorities as a result, with a small group seeing significant increases in the amount they owe and the cost of repayment, according to the National Audit Office (NAO). (more…)

What performance culture can teach us about motivating employees in the workplace

What performance culture can teach us about motivating employees in the workplace

by • Comment, Workplace

motivating employeesFrom start-ups to well-established companies, organisations thrive or fail on motivating employees. It’s mission-critical. Motivated employees are easy to spot – they tend to align their purpose to that of the company, are more innovative with their problem-solving and have a greater impact. Organisations must actively work to motivate and engage employees, giving them a sense of purpose. Otherwise, there’s a real risk of the company falling behind the competition and staying there. (more…)

Europe must do more to bring discoveries to market

Europe must do more to bring discoveries to market

by • News, Technology

discoveriesAlthough Europe has much scientific research to be proud of, the region falls worryingly short when it comes to commercialising its discoveries, a study has concluded. A fifth of the world’s leading 100 research organisations – as determined by factors such as the number of articles published in academic journals – are based in Europe, experts from IESE Business School, the European Commission and Oxford University, among others, claim. Yet researchers often lack the resources required to find the right market for their discoveries. (more…)

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