Search Results for: risk

UK CEOs bullish on business growth but concerned about skills and global economy

UK CEOs bullish on business growth but concerned about skills and global economy 0

by • News, Workplace

UK CEOs are more upbeat about the growth prospects for their own companies than 12 months ago, according to PwC’s 20th annual CEO Survey published today at the World Economic Forum in Davos. Almost nine out of 10 (89 percent) respondents say they are confident of their company’s growth in the year ahead, up from 85 percent in 2016, and above the 85 percent global figure and 77 percent in Germany. Forty one percent of UK CEOs describe themselves as being ‘very confident’. More generally, UK bosses are in hiring mode. Sixty three percent expect to grow their workforce over the coming 12 months, compared to 52 percent of their global counterparts. Just 10 percent expect headcount to decrease, down from 20 percent in 2016. Access to key skills is considered to be the single biggest business threat facing their organisations. More than four in five (83 percent) of UK bosses are concerned about how to get hold of key skills, up sharply from 71 percent last year. The skills most highly prized by UK leaders – adaptability and problem solving, leadership and collaboration, and creativity and innovation – are also proving the hardest to recruit.

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Fathers’ careers stifled by modern workplace culture, claims report

Fathers’ careers stifled by modern workplace culture, claims report 0

by • Flexible working, News

The UK is running the risk of creating a ‘fatherhood penalty’ – as fathers consider stalling or side-lining their careers to find roles they can better combine with family life, according to a new study. The 2017 Modern Families Index, published today by work-life charity Working Families and Bright Horizons, captures a broad picture – of fathers wanting to take an active part in childcare and the workplace failing to adapt and support their aspirations. Family is the highest priority for fathers. A quarter of fathers that took part in the study drop their children at school or nursery every day; with just over a quarter (26 percent) collecting them more than half the time. Seven out of ten fathers work flexibly to fulfil their caring responsibilities. However, for half of the fathers we spoke to their work-life balance is increasingly a source of stress.  A third of fathers feel burnt out regularly and one in five fathers are doing extra hours in the evening or weekends all the time.

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New report highlights potential of technology to wipe out jobs and businesses

New report highlights potential of technology to wipe out jobs and businesses 0

by • News

Unregulated technological progress is one of the greatest threats to global prosperity, peace and stability, claims a new report from the World Economic Forum. The WEF’s Global Risks Report, published before 3,000 business leaders and politicians gather for its annual conference in Davos, claims that regulation is trailing far behind technological innovation and that without action, it could lead to the destruction of untold jobs and businesses and catalyse major social upheaval. Economic inequality, societal polarisation and intensifying environmental dangers are the top three trends that will shape global developments over the next 10 years, the World Economic Forum’s Global Risks Report 2017 claims. The report says that collaborative action by world leaders will be urgently needed to avert further hardship and volatility in the coming decade.

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UK Green Building Council announces launch of first Innovation Lab

UK Green Building Council announces launch of first Innovation Lab 0

by • Environment, News

The UK Green Building Council (UK-GBC) has announced the launch of its first Innovation Lab, which it claims offers ‘a radical new approach to innovation in the built environment’. The Lead Partners for the programme are: Canary Wharf Group, Land Securities and Marks & Spencer. The Innovation Lab aims to identify and address what it calls the systemic challenges facing businesses within the sector, and co-create innovative and highly sustainable solutions.

Head of Leadership and Innovation at UK-GBC, Cat Hirst, said: “Research and Development levels across our industry are painfully low; the UK currently only spends £43m on construction R&D. The risks to a single company of investing in developing a solution for such a high-cost industry is often seen as prohibitive. But we desperately need to find ways of working together to achieve radical change if we are to challenge business as usual and transition to a sustainable way of working.

“At UK-GBC we’re seeking to catalyse this change by using our unique position to convene our member organisations to work together to address the issues our industry faces. We want to ensure there is the time, space, and structure for open innovation to occur for the built environment.

“The Innovation Lab is not just about finding one solution to one problem, it’s about fostering a more open and collaborative approach to problem solving as an industry. We need to build the capacity of our industry to innovate and find the right approach to being creative and collaborative within a commercial setting.”

The Innovation Lab began last month with a workshop to identify the ‘breakthrough challenge’ which will form the focus of a 9-month programme of work. In order to arrive at the challenge, the UK Green Building Council is working with the Lead Partners and thought leaders from the wider UK-GBC membership to explore future trends for the built environment as well as key environmental and social challenges, and pain points for business. The initial workshop highlighted key industry challenges around climate change resilience, resource use, shifting demographics, technological advancement and health and wellbeing.

Over the coming weeks, the breakthrough challenge will be refined in consultation with the Lead Partners. The next workshop will be on 1 February, where Innovation Lab participants will begin to respond to this challenge by mapping existing innovations and, where a gap is identified, generating new innovative solutions to solve the challenge.

Tech and media firms still believe human talent is the key to success 0

by • News, Technology

A new study from Colliers International claims that 62 percent of companies in the TMT sector are looking to expand their headcount. Despite advances in technology and artificial intelligence in the workplace, Colliers latest research suggests that over 62 percent of enterprises in the Tech, Media and Telecoms (TMT) sector are seeking to employ more staff to drive their company forward, demonstrating that the human factor still plays a critical role in business development.  The report was conducted by global real estate firm Colliers International, based on a number of interviews. The study also claims that only 12.5 per cent of the firms which were interviewed were looking to contract their workforce. Interestingly, technology was viewed as the least important strategic resource by all but one company. Yet most businesses surveyed did expect big change and efficiency improvements through the introduction of new technology in the business and the workplace, especially the development of cloud-based systems.

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Detoxify the workplace to improve employee wellbeing and productivity

Detoxify the workplace to improve employee wellbeing and productivity 0

by • 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…)

Learning to love staff means letting them disconnect from work, and other stories

Learning to love staff means letting them disconnect from work, and other stories 0

by • Flexible working, News, Technology

 

Topical workplace issues featured prominently at this week’s British Psychological Society’s Division of Occupational Psychology annual conference held in Liverpool. Four of the key takeaways from the event deal with issues such as the right to disconnect when working from home – a right recently enshrined in law in France, the way different personality types deal with emails, the toxic relationship between employers and employees and even how managers can learn to show their staff more love. The focus at teh event underlines a growing awareness of the complexities of our new relationship with work and workplaces.

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Britain must future proof itself ahead of a decade of disruption, claims report 0

by • News, Technology

Brexit negotiations will ‘fire the starting gun’ on a decade of change for the UK, claims a new report from think tank the Institute for Public Policy Research (IPPR). The study, Future Proof: Britain in the 2020s, sets out the key challenges it claims will shape the UK in the period up to 2030 and the ‘choices that must be made now if these changes are to lead to a fairer and more equal society’. Among the issues covered in the report are the challenges directly related to Brexit, alongside factors such as an ageing population, other demographic changes, the risk to jobs posed by automation, the shift of the globalised economy towards Asia and the enduring problems associated with wage inequalities and the environment.

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Majority of British workers will work at some point over Christmas and New Year

Majority of British workers will work at some point over Christmas and New Year 0

by • News, Wellbeing

Three in five UK employees will work at some point over the Christmas period, a third of staff will curtail their break to return on Tuesday 27th December and 45 percent say working over Christmas is mandatory. These are the key findings of research from Hudson. The firm suggests that growing pressure pressure on companies to meet year round demand is causing employees to work over the traditional holiday period. The quarterly UK office-based workforce survey claims that the majority of workers (61.5 percent), including three quarters of millennials (76 percent), will cut short their festivities to work at some point between Christmas Eve and the January Bank Holiday. More than one third of staff (34 percent) will have to work at least one day between Christmas and New Year, causing problems for the many employees who’ve travelled home to be with their families over the festive period.

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Baby boomers better off at work but their wellbeing must be managed

Baby boomers better off at work but their wellbeing must be managed 0

by • Flexible working, News, Wellbeing, Workplace

A new report on the state of the public’s health and wellbeing, ‘Baby Boomers: Fit for the Future’, by Professor Dame Sally Davies, the Chief Medical Officer for England, advises that good quality work is good for baby boomers’ health and that employers have a role to play by helping their staff to remain healthy enough to stay in employment.  According to the report on those aged  between 50 and 70, there is an increasing body of evidence that for most people ‘good work’ is good for personal health, organisational productivity and economic prosperity. It also advises since many people define themselves and their position in society in terms of their job, staying in employment is also a significant contributor to self-esteem. The report also finds there is promising evidence that the continued social engagement that some people find in employment may defer the onset of cognitive decline and the risk of dementia.

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Half of UK firms will hold Christmas parties but just a fifth offer bonuses or extra time off

Half of UK firms will hold Christmas parties but just a fifth offer bonuses or extra time off 0

by • Flexible working, Legal news, News, Workplace

Office Christmas party will go ahead but not bonuses or extra time off

We’re entering the office party season now so it’s time for the usual flurry of Christmas related research. We kick off the season with this from XpertHR which claims that the majority of companies it has polled will host company-wide parties (50.8 percent) or departmental Christmas lunches (47.2 percent), but there will be fewer Christmas gifts, bonuses awarded or additional time off for employees this year. Employers plan to spend an average of £93.33 and a median of £50 per employee on their Christmas celebrations – a figure which hasn’t changed significantly since the last time XpertHR conducted this survey in 2012/13, when the median spend was £42.82. However, fewer than one in five organisations (17.9 percent) will be offering employee gifts this year compared to 21.1 percent in 2012/2013 and just 18 employers will award Christmas bonuses, with no increases planned compared with last year.

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Brexit could lead to a freeze of over a third of UK commercial property investment

Brexit could lead to a freeze of over a third of UK commercial property investment 0

by • News, Property

22-Bishopsgate_London_PLP-Architecture_Hayes-Davidson_dezeen_936_0 (1)The unexpected political events of 2016 will lead to a rise in caution and risk aversion among real estate investors in 2017, making secure income streams more highly prized among core investors globally. This is expected to benefit the UK market, where high levels of transparency and stable legal structures make real estate a safety play, according to a report from real estate advisor Savills. The firm unveiled its predictions for UK real estate at its annual cross-sector briefing this week, taking a detailed look at the commercial property, residential and agricultural markets. The overall story for UK real estate is one of slower growth. In the commercial market, average total returns on UK property investments are likely to be approximately 5.6 percent per annum during 2017-2021, with a 1.6 percent five year capital growth forecast for office values and a 4.4 percent growth forecast for office income returns. The report claims that there will be a fall of around 30 to 40 percent overall, and possibly up to 50 percent in Central London.

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