Search Results for: workforce

September 13, 2018

Working long and hard? It may do more harm than good for your productivity and wellbeing

by Argyro Avgoustaki and Hans TW Frankort • Features, Flexible working, Wellbeing

Nearly half of people in the EU work in their free time to meet work demands, and a third often or always work at high speed, according to recent estimates. If you are one of them, have you ever wondered whether all the effort is really worth it? Employees who invest more effort in their work report higher levels of stress and fatigue, along with lower job satisfaction. But they also report receiving less recognition and fewer growth opportunities. And they experience less job security. So increased work effort not only predicts reduced wellbeing, it even predicts inferior career-related outcomes.

September 12, 2018

Reinventing jobs for an automated future workplace

by Ravin Jesuthasan • AI, Comment, Technology

Earlier this year, the European Commission announced it will invest €20 billion in Artificial Intelligence (AI) research and development by 2020 to boost the adoption of AI and robotics across multiple industries, which will have a significant impact on the way work across sectors gets done. Facing demographic deficits, Europe and Japan – and to an extent the US and China – are highly motivated to continue investment into AI, which is growing at an annual rate of 15 percent, and set to reach $1 trillion globally by 2050, according to Morgan Stanley.

September 12, 2018

Quarter of people who work during twilight hours add billions to UK economy

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

New research from Huawei has suggested how much the dusk-to-dawn workforce is significantly boosting the ‘twilight economy’ by contributing an estimated £487 billion annually to the UK economy. The study of more than 2,000 UK workers found that a quarter (25 percent) of us now work outside of the traditional 9 – 5. Looking across the UK, a number of ‘twilight hubs’ have emerged, with Norwich (34 percent) topping the list of cities whose residents work whilst the rest of the nation sleeps, followed closely by London and Manchester (both 31 percent), and Liverpool and Cardiff respectively (both 30 percent). People who spend their working moments in the twilight hours say they feel more inspired and creative (30 percent) during this time, as well as more productive (28 percent). Meanwhile, a fifth of British workers prefer the flexibility that twilight working allows when it comes to balancing time with their kids (19 percent), and 20 percent describe themselves as night owls who find it easier to work later.

September 12, 2018

A new era of technology could resolve UK low productivity at last

by Neil Franklin • News, Technology

A new McKinsey study sets out to address the reasons why the United Kingdom experiences chronically low productivity and what can be done to use technology to improve its performance. In the report, Solving the UK’s productivity puzzle in the digital age, the authors argue that “Britain stands out as one of the worst productivity performers among its peers”. They argue that there are four distinct reasons for the weakness since the economic crisis: “boom and bust” in the financial sector, the strength of employment growth, weak investment and uneven “digitisation”. It claims that the UK is operating at only 17 per cent of its digitisation potential, indicating how much scope for improvement there is.

September 11, 2018

Time for employers to place workplace health and wellbeing front of mind, claims CBI

by Neil Franklin • News, Wellbeing

With the average number of days lost to ill health per employee at 5.2 days, there’s a clear impact on business, which is why firms must better prioritise the health & wellbeing of their staff. That’s according to new survey results from the CBI, in partnership with Bupa and HCA Healthcare. In a new guide, Front of Mind: Prioritising workplace health & wellbeing, 347 businesses – employing nearly 1.7 million people – of all sizes across the UK were surveyed or interviewed to understand what steps they are taking to improve workplace health & wellbeing.

September 10, 2018

Four day working week could become a reality soon, claims report

by Neil Franklin • Flexible working, News, Wellbeing, Workplace

A four-day working week could become a reality this century, according to the general secretary of the Trade Union Congress and a new TUC report. In a key speech to the TUC’s annual congress set to be delivered later today, Frances O’Grady will call for firms to use technology in a way to improve the lives of workers and cut the number of hours they spend working. However, the union also concedes that it may take government intervention for this to happen, given the way technology has encouraged the extension of working time over past few decades.

September 6, 2018

Gig economy growing but employers should continue to cultivate in-house talent

by Sara Bean • Flexible working, News, Workplace

The number of “gig economy” professionals working in organisations is growing and this trend is expected to continue, a survey by Korn Ferry has claimed. More than half (60 percent) of HR professionals say that compared to three years ago, gig workers now make up a larger percentage of their professional workforce, and 42 percent say they plan on hiring more contingent workers in the future. The reasons, according to the survey, include cost savings, access to high-calibre talent and ease of managing gig economy professionals. Despite the fact that many gig professionals work remotely, 67 percent of the HR professionals surveyed say they are confident they know what the gig professionals are doing on a day-to-day basis, and 42 percent say these contingent employees are easier to manage than full-time employees. However, according to Jeanne MacDonald, president of Global Talent Solutions for Korn Ferry’s RPO and Professional Search Business, organisations should proceed cautiously and ensure they continue to cultivate in-house talent.

September 6, 2018

Many UK freelancers feel lonely and isolated following leap to self-employment

by Neil Franklin • Flexible working, News, Wellbeing

The solo self-employed are now a vital element of the UK economy, contributing around £271 billion to the government’s coffers in 2017, of which around £125–140 billion came from freelancers. But with some predicting that by 2020, half of the workforce will be freelancing, we need to take an objective look at the world of self-employment and tackle its challenges head-on, giving freelancers the tools and skills they need to work effectively — and happily.

September 4, 2018

Quality coffee tops the list as the most important office feature

by Sara Bean • Coworking, Facilities management, Flexible working, News, Wellbeing, Workplace, Workplace design

The quality of the coffee is the most important feature for office occupants, with two thirds of workers saying a decent flat white or cappuccino is an essential for a productive and engaged workforce. Research by coworking developer Areaworks also found that being closer to the outdoors, and the ability to work from a balcony or roof terrace was an important factor for 64 percent. Hanging chairs, bean bags and flexible spaces are a must for most, as half of office workers want to ditch fixed desks in favour of casual seating and hot desking, making it a top five most favoured feature. the office gimmicks failed to feature on most people’s workplace bucket list. The installation of office gimmicks such as fireman’s poles and ball pits all failed to feature on most people’s workplace list, but slides did make the list, while the majority (66 percent) included a fridge complete with beer and prosecco among their choice items.

September 4, 2018

Cash is key motivator for UK workers and it is leading to high levels of disengagement

by Sara Bean • News, Workplace

UK workers are more motivated by cash than their European counter-parts, a new survey has claimed, with over half (62 percent) saying their pay check is the reason they come to work. According to the research from ADP, this compares to an average of 49 percent across other European countries. The study, which surveyed over 2,000 workers across France, Germany, Italy, Netherlands and the UK, also shows that non-financial drivers lead to higher engagement levels and greater satisfaction on pay day. UK employees were also the least likely to claim they come to work because they love what they do, with only 13 percent of UK workers saying this is the case, compared to 26 percent in the Netherlands. Worryingly, UK workers are also the most likely to feel like quitting, with 19 percent thinking this every week or more, and 9 percent going as far to think about it most days. This is drastically higher than all other countries, averaging 11 percent and 6 percent respectively.

August 30, 2018

Larger businesses far more stressful to work for than smaller firms

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

We reported yesterday that younger job seekers who favour corporates could be missing out on greater opportunities within smaller organisations, and now new research suggests that despite margins often being tighter and tensions or losses often being felt more keenly in smaller businesses, the level of occupational stress workers feel directly correlates to the size of the company they are in. Micro businesses employing a maximum of four members of staff were less likely than those in businesses of any other size to feel work-related stress, with 45 percent of employees reporting this to the Perkbox 2018 UK Workplace Stress Report. This figure increases to 57 percent for small businesses (5 – 50 staff) and again to 62 percent for small to medium sized organisations (51 – 500 employees). Finally, workers at larger sized businesses – those with more than 500 members of staff – report the greatest instances of staff experiencing workplace stress (65 percent).

August 22, 2018

SMEs more likely to offer flexible working than larger businesses

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

More SMEs than larger businesses offer flexible working as a way of reducing absences, research from industry body Group Risk Development (GRiD), suggests. The research showed that 35 percent of SMEs with up to 249 employees are actively using flexible working strategies to combat absence compared to just 23 percent of organisations with over 250 employees. Drilling down further into the detail, 38 percent of micro businesses with between 1 and 9 employees use flexible working as a means to reduce absence. Flexible working now means a lot more than allowing an employee to work from home when they are feeling under the weather, and following changes in the law in 2014, it is now an option for everyone with at least 26 weeks continuous employment to request it – not just those with children or carer responsibilities. It also includes part-time working, term-time working, job sharing, compressed hours and flexitime. A greater degree of flexibility can increase productivity and reduce burn out, particularly in stressful occupations.