Search Results for: technology

December 2, 2019

What you need to know about paying wages in cryptocurrency

by Freddie Steele • Company news, Promotion

Not all of your employees will prefer to have their hard work rewarded with often volatile cryptocurrencies. However, for those already investing in it, having some or all of their salary given as a digital currency may be more appealing and convenient. Below you can find the details of what you will need, some examples of people already doing it and the obstacles you will face.

To make paying your employees a reality, both you and your workers will need to have some additional things. The first is everyone will need a secure wallet to pay the cryptocurrency in. Making sure the best wallets are chosen is vital because there is no backup to the funds stored in them like there is at a conventional bank. Anyone considering their options should not forget to check out the Luno Bitcoin wallet with exceptional safety and stellar reviews.

The other help you will need as a business is a dedicated team of bookkeepers who know how to track payments in Bitcoin – more on that shortly.

Companies already paying in Bitcoin

There are some firms already making the leap to paying employees in cryptocurrency. Notably, a Japanese firm has started using Bitcoin to pay staff. At the moment, this is rare as most firms find the process difficult due to some legalities and taxation issues.

Another way people have been getting paid in cryptocurrency is through freelancing work via apps. There are many apps on the market that will pay freelance workers to complete projects in exchange for Bitcoin and alike. Earn.com is one of the most established, but many similar apps are available.

Legalities and tax

One of the reasons that some of the most trendy fintech startups are not paying in crypto as of yet is because it is an overly complex procedure. For some, it is just not possible as it is against the law to do so, including in many South American and Asian countries. Even in those that do not make it illegal, the taxation and invoicing practicalities of doing so put them off.

For example, in the USA you can legally pay in crypto, but all forms need to show values in US dollars and sophisticated and specialist accountants and bookkeepers would be required, which adds to business expenses.

Will the rules change?

It is possible that as cryptocurrencies become even more mainstream and accepted – as well as regulations are implemented upon them – the idea of paying in crypto will become not only legal, but more feasible. That day may come, but the wait until it is easy to do may be long.

For now, employees may be better swapping their fiat salaries for crypto with a trusted exchange platform and a reliable wallet.

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November 29, 2019

Seeing red about the only home we will ever know

by Mark Eltringham • Environment, Features, Wellbeing, Workplace design

Somewhere in the Utah desert, there is a small living pod designed to emulate conditions on Mars for a group of scientists keen to explore how we might colonise that red planet after messing this blue one up. This came as a surprise to me as did the news that Ikea has been on site recently installing some of its furniture for the occupants. Next up perhaps, an installation of Billy bookcases on the International Space Station as scientists explore the effects on people of a lost screw in zero gravity. I am Jack’s unconstrained rage. (more…)

November 29, 2019

HR profession needs to modernise if it is to stay relevant

by Neil Franklin • News, Workplace

Following the recent Gartner study describing the unpreparedness of the HR function for the future of work, another report is exhorting managers to step things up. According to the KPMG International global Future of HR survey, close to 3 in 5 (57 percent) Human Resources executives believe that if their function doesn’t modernise its approach to understanding and planning for the future needs of the workforce, it will rapidly become irrelevant within the modern organisation. (more…)

November 27, 2019

UK falling behind in global skills race

by Neil Franklin • News, Workplace

New research published today by City & Guilds Group claims that the UK risks being left behind as employers across the world race to upskill their workers. As digitalisation and fluctuating economies transform the skills needed in the workplace today, employees are less confident than their bosses that they’ll have skills they need for the future. The study, conducted by City & Guilds Group business Kineo, surveyed 6500 employees and 1300 employers across 13 international markets. It found that employers in developing countries with rapidly emerging economies are among the most likely to ramp up investment in upskilling their workforce in the near future, compared to developed economies such as the UK.

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November 27, 2019

Worrying disconnect between small business leaders and workers

by Neil Franklin • News, Technology

A new report from Microsoft claims that there is a worrying disconnect between small business leaders and their employees. Over three quarters of leaders (79 percent) say they disclose as much information as possible with their staff and 85 percent agree employees perform much better when empowered with information. However, just 36 percent of employees say their business has a culture of transparency, and even less (18 percent) think their organisation has a clear vision or goal. (more…)

November 27, 2019

Businesses fear that a failure to embrace automation will make them irrelevant

by Neil Franklin • AI, News

The majority of UK businesses fear becoming ‘irrelevant’ within the next five years through failing to make a successful transition to an automated workplace. To avoid this risk, organisations need to collaborate with their workforces to embrace automation and artificial intelligence, a new report from Capita warns. The report Robot wars or automation alliances? People, technology and the future of work calls for an honest dialogue between business leaders and employees – and urgent, multi-stakeholder action to support employees in the transition to a more automated world. (more…)

November 25, 2019

Commuting and outdated tech are biggest work gripes

by Neil Franklin • News

Commuting, difficult colleagues and archaic tech are among the UK’s biggest office gripes, according to new research from Village Hotel Club. The study, which explores what makes UK workers tick and what ticks them off, also uncovered what benefits workers want to see most, with flexible working topping the list. (more…)

November 22, 2019

Contribution of “digital workers” to grow by 50 percent over next two years

by Neil Franklin • AI, News, Technology

A new survey from research firm IDC claims to reveal the true extent of software robots supporting humans in the workplace. The IDC whitepaper, Content Intelligence for the Future of Work (registration), sponsored by ABBYY, indicates that the contribution of software robots, or what the report calls digital workers, to the global workforce will increase by over 50 percent in the next two years. These results, from a survey of 500 senior decision-makers in large enterprises, illustrate a fundamental shift to a future of work dependent on human-machine collaboration. (more…)

November 21, 2019

Merging workplace cultures and breaking habits

by Andrew Mawson • Comment, Facilities management, Workplace design

Human beings are hardwired to be creatures of habit. From birth, we learn behaviours and develop routines that are reinforced over time through repetition. Researchers at MIT claim the neurons in our brains are responsible for this process. When someone begins a new activity a certain part of the brain kicks into gear, helping them to learn the exercise quickly. But once the action is repeated successfully, the scientists found, those same neurons only really come to life at the beginning and end of the activity. This is the reason that mundane tasks, like getting dressed or driving a car often feel like they’re performed on ‘autopilot’ and why breaking bad habits is so difficult, including those we develop in the workplace. (more…)

November 19, 2019

New London office building hits five year low

by Neil Franklin • News, Property

Although occupier demand remains high, the construction of new offices breaking ground in London over the last six months is down by nearly a half (49 percent) – the lowest level of new starts for five years, according to the London Office Crane Survey by Deloitte Real Estate. In the last six months, only 24 new schemes (1.8 million sq ft) commenced construction compared to 37 schemes (3.5 million sq ft) in the previous survey of London office building. (more…)

November 16, 2019

Is IoT the answer to occupancy level issues?

by Byron BeMiller • Comment, Facilities management, Technology

A frequently heard claim from manufacturers is that all Internet of Things (IoT) technology is the panacea to occupancy level issues for owners and managers of commercial buildings. The obvious retort is “Well, they would say that wouldn’t they?” since the equipment they have on offer is produced with the sole purpose of putting a degree of intelligence into smart buildings. The benefits of making your commercial premises ‘smart’ have been aired many times – including the ability to manage in real-time systems for air quality, temperature, noise levels, fire detection, equipment failure, and lift management. While having this kind of information at your fingertips is undoubtedly useful, the management of occupancy is an area where building managers are starting to see real dividends because they are able to make major savings in running costs. (more…)

November 15, 2019

UK industries leading global charge for AI investment, study claims

by Neil Franklin • AI, News

A new study claims that the UK is at the forefront of a global drive for Artificial Intelligence investment, with a near universal 99 percent of UK respondents planning to invest in AI, versus 80 percent in North America, and 83 percent in mainland Europe. The report from IFS (registration) sets out to explore the perception and adoption of AI within core industries worldwide. It polled the views of 600 decision makers working with technology and suggests that AI will predominantly be used to make existing workers more productive (60 percent) and add value to products and services (48 percent).