Search Results for: workforce

Demanding working culture in City of London creates ticking stress timebomb

Demanding working culture in City of London creates ticking stress timebomb 0

by • News, Wellbeing

Demanding bosses and increased work pressures are turning up the pressure and stress levels for City workers with staff expected to be always available, new research from MetLife claims. Its study of 104 senior decision makers from financial institutions and investment banks found 95 percent say they are expected to be always available for work with weekends seen as a continuation of the normal working week. They work on average 23 weekends a year, with 50 percent of executives saying weekends have been disturbed by work at least 25 times in the past year. Complaining about stress makes no difference – just one in seven (14 percent) of those questioned say bosses have taken action when they have complained about pressure at work.

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Cautious London job market post-Brexit, as EU nationals consider options

Cautious London job market post-Brexit, as EU nationals consider options 0

by • Cities, News, Workplace

The more recent employment figures for London suggest that until the terms of Brexit are known and put in motion, the jobs market will remain cautious. This is according to the latest Morgan McKinley London Employment Monitor which found that despite an 81 percent increase in jobs available and an 83 percent increase in professionals seeking jobs; compared to a 115 percent increase in jobs this time last year, the 2017 spike was muted in comparison. The 83 percent increase in job seekers month-on-month is coupled with a 29 percent decrease, year-on-year. Contributing to the decrease is the trickling off of non-British EU nationals working in the City, who comprise up to 10 percent of its workforce. In a post-Brexit survey of professionals conducted by Morgan McKinley, these individuals reported either moving abroad, or considering leaving London because of Brexit.

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Connectivity, innovation and uncertainty are driving workplace change, claims report

Connectivity, innovation and uncertainty are driving workplace change, claims report 0

by • Facilities management, News, Technology, Wellbeing

Sodexo has published its 2017 Global Workplace Trends report, which claims to define the most critical factors affecting the world’s workers and employers. According to the report, the trends portray a workplace that blends work life with outside life, catering to employee needs through improvements in wellness, space design and learning programs. “With this piece, we’ve distilled key findings from different sectors, generations and countries to produce a report that provides a holistic view of the global workplace,” said Sylvia Metayer, CEO, Worldwide Corporate Services segment, Sodexo. “It’s critical for business leaders to recognise the underlying trends driving change, to evaluate their significance and stay ahead of—rather than follow—them.”

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No job is entirely safe as era of robots at work dawns 0

by • News, Technology

Two new reports have highlighted the ways in which a new generation of robots could transform the workforce, opening up opportunities while also threatening existing jobs. A study from Oxford Martin School claims that 35 percent of jobs in the UK are at risk of automation, and not necessarily those of the low skilled and unskilled. The study analyses which jobs commanding a salary of more than £40,000 are most at threat. It found that top of the “at risk” ranking are insurance underwriters, with a rating of 98.9 percent, followed by loan officers at 98.4 percent, motor insurance assessors (98.3 percent) and credit analysts (97.9 percent). A second report from think tank Reform suggests that robots should be proactively brought in to the workplace to replace 90 per cent of Whitehall’s 137,000 administrative staff with “artificially intelligent chatbots” by 2030, saving £2.6 billion a year.

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New report gives a clear picture of contribution of EU nationals to the UK economy

New report gives a clear picture of contribution of EU nationals to the UK economy 0

by • News, Workplace

A new analysis by the Institute for Employment Studies prepared for the European Parliament offer a snapshot of the number, status and characteristics of EU27 nationals living in the UK, and UK nationals living in Europe. The report, Brexit implications for employment and social affairs: facts and figures, found that UK expenditure on welfare benefit is more than forty times lower than expenditure for UK nationals. Overall, the researchers concluded that EU migrants are net contributors to the UK economy in terms of taxes and welfare benefits. This research found that the total number of EU-27 nationals living in the UK grew from 1,345,000 in 1990 to 2,988,072 in 2015. The EU-27 population in the UK is made up of a large number of young people, particularly those aged between 25 and 34. Meanwhile, the number of UK citizens living in the EU grew from 661,505 in 1990 to 1,216,041 in 2015. In comparison with the UK domestic workforce, the employment rate of EU-27 nationals in the UK is higher and the unemployment rate lower. EU-27 nationals in the UK are more likely to be employed in low-skilled work and UK citizens working within the EU-27 tend to be employed in high-skilled occupations. The UK expenditure on welfare benefits for EU-27 nationals is more than 40 times lower than the expenditure for UK nationals, with very little variation over time.

The Boston Consulting Group: pushing the art and science of workplace design

The Boston Consulting Group: pushing the art and science of workplace design 0

by • Case studies, Features, Workplace design

This month, The Boston Consulting Group (BCG) opened its doors to its latest office in what’s been described as the new heart of New York; namely, the up-and-coming Hudson Yards development. Thought leaders from the world of workplace design including a representative from including Workplace Insight were invited to the launch of the new workspace to find out how the world’s leading advisor on business strategy has pushed the art and science of workplace design. BCG, which is consistently ranked near the top of Fortune’s annual Best Companies to Work For survey, worked with an array of experts for input into the design and use of innovative technologies, including Gensler, Humanyze and Unwork. Leesman was brought in to offer a neutral voice when the project was already in motion to validate the design proposal.

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Flexible hours is main reason self-employed are happier than traditional workers

Flexible hours is main reason self-employed are happier than traditional workers 0

by • Flexible working, News, Wellbeing, Workplace

Self-employed happier than traditional workers due to flexible workingFlexible working hours and being their own boss makes the UK’s self-employed much happier than those in traditional employment a new survey claims. According to the latest set of findings from the ‘Definitive Study of the Self-Employed,’ commissioned by Intuit QuickBooks, the self-employed generated mean annual revenues of £32,623 (£5,000 more than the average UK salary), despite working 10 hours less per week. Of those who have been a salaried worker, two thirds (66 percent) claim to be financially better off or the same and 65 percent also feel better off in terms of ‘life satisfaction’. When the research considered nuanced reasons for choosing to work for oneself ;control of schedule (77 percent), more flexibility to work to one’s own terms (68 percent) and liking being one’s own boss (65 percent) were leading reasons, with not worrying about workplace politics (47 percent) also regularly referenced.

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The office of the future should be defined by the age of its inhabitants. But not in the way you think

The office of the future should be defined by the age of its inhabitants. But not in the way you think 0

by • Flexible working, News, Workplace design

The office of the future is most commonly seen as the habitat of Millennials. But there are all sorts of flaws in this assumption. Apart from the casual stereotyping of a diverse demographic of people, the most glaring is the fact that the workforce is ageing rather than getting younger, and that most offices must now meet the needs of a wider range of age groups than at any time in their history. A new report from Totaljobs seeks to redress the balance in this regard. It suggests that some of the key features of the office of the future will not be slides and ping pong tables but flexible working areas, quiet spaces, spas and private medical rooms. The study claims that the fixation with Millennials means that a large number of older workers now feel that the design of offices does not meet their needs.

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Many business leaders lack the skills to manage and develop people

Many business leaders lack the skills to manage and develop people 0

by • News, Workplace

Many business leaders lack the skills to manage and develop people

Two new reports published today reveal a dearth of people management skills among both current and future leaders. Over half of the HR professionals polled for the latest CIPD HR Outlook survey believe too many leaders lack the people management behaviours and skills needed to get the best from their workforce. One of the reasons behind this is suggested in the results of a survey from Robert Half which claims that half (50 percent) of management candidates lack leadership skills, with nearly one in five (18 percent) candidates falling short on planning skills, and 14 percent lacking communication skills. In the CIPD poll, people management was voted the top leadership skill needed by organisations over the next three years. However, out of those who chose performance management, more than half (53 percent) said leaders’ current skills in this area were ineffective. Similarly, 44 percent of HR professionals felt senior leaders’ skills were ineffective.

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The very idea of a universal workplace is seriously flawed

The very idea of a universal workplace is seriously flawed 0

by • Comment, Flexible working, Technology, Workplace design

The debate around designing a workplace that works for millennials and now Gen Z is a public one. Every week a new article highlights what is required to create a workplace that millennials want. However for large companies with a diverse workforce, more than the desires of just one generation must be considered to make the workforce effective. Is it possible to create a universal workforce that can work across generations to serve the needs of all employees, and should that be the goal for workplace design?  Right now, we know that tech firms are drawing more top talent than they did before. It can be seen in the a comparison of Harvard MBAs in 2007 and again in 2014 that went into banking (13 percent down to 5 percent) vs tech (up from 7 percent to 17 percent).  Following their lead, broader design has shifted to adopt a tech feel in their own offices, with open layouts trending upwards. Office amenities from ping pong tables to slides are also rising as companies try to bring a fresh approach to the workplace.

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The truth about artificial intelligence and the hype of job losses

The truth about artificial intelligence and the hype of job losses 0

by • News, Technology

Much of the current focus of the debate about the impact of artificial intelligence has been on how the ‘rise of the robots’ will spend the end for many job roles. Yet that mischaracterises the true effects according to a new report from Infosys, released today, to coincide with the World Economic Forum in Davos. The report, Amplifying Human Potential: Towards Purposeful Artificial Intelligence, concludes that the implementation of AI doesn’t necessarily mean job losses. In fact, 80 percent of businesses adopting AI which have replaced, or plan to replace, workers with technology, will be far more likely to retain, retrain and upskill those employees impacted. The study also claims that the adoption of AI will mean a number of other important benefits for organisations including a predicted 39 percent revenue rise by 2020 as a result of the implementation.

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Brexit is resulting in a decline in interest among potential recruits from EU

Brexit is resulting in a decline in interest among potential recruits from EU 0

by • Legal news, News, Workplace

There’s been some concerns among employers on the long term implications to recruitment on the UK’s decision to leave the EU and now a new report suggests that it is among the job sectors where demand for EU workers to fulfill UK jobs is highest where there is the largest immediate dip in interest. The digital research looked at volumes of online searches within different sectors and countries, and the opinions and intent indicators of people investigating a move to the UK. The results reveal that interest in UK jobs for male dominated employment sectors continues to rise, for example in Poland a 22 percent increase in interest in construction jobs can be seen. In contrast, while there has been no obvious decrease in the number of jobs being advertised within the EU by UK employers, the level of interest in employment sectors that tend to attract couples and families are experiencing a decline.

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