August 30, 2019

Artificial Intelligence will positively impact accountancy, according to accountants themselves

For many, the thought of adopting artificial intelligence (AI) in the workplace is a daunting prospect. But it seems that the majority of chartered accountants believe it will, in fact, have a positive effect on the industry. According to research conducted by CABA, the charity supporting the wellbeing of chartered accountants and their families, 52 percent believe this to be the case, with 16 percent either unsure or predicating no impact at all. The same research also found that, more generally, the biggest bugbear for chartered accountants was the amount of work expected to be completed in the time available (41 percent). So, it’s encouraging that nearly 1 in 4 (25 percent) agree that AI will let humans add value elsewhere as robots take on more menial jobs. In addition, 17 percent stated that the adoption of AI/automation will increase productivity, with 11 percent also agreeing that it will reduce errors and improve attention to detail. More →

August 29, 2019

Coworking continues to reshape property markets worldwide

by Neil Franklin • Coworking, News, Property

Against a global backdrop of diminishing business confidence and a weaker outlook for economic growth, a robust labour market in the world’s largest economies continues to underpin demand for office space with high employment levels prevalent across a number of major markets. Demand continues to be driven by the knowledge economy, with the coworking boom continuing to broaden its reach across major markets, forcing traditional landlords to adapt their offering in order to best accommodate existing and potential occupiers. More →

August 28, 2019

Shifting cultural expectations in the workplace

by Stuart Templeton • Comment, Technology, Workplace

There has been much talk of digital, agile and organisational transformation for businesses for many years now. While the intricacies of each are separate discussions, one thing is clear – the world of work and the workplace are changing and as businesses we need to adapt.

August 23, 2019

Summertime childcare juggling needs to be consigned to history

by Han Son Lee • Comment, Flexible working

For working parents, summertime is often a logistical nightmare. Six weeks of careful planning are needed to sort out childcare and ensure that both parents spend some quality time with their offspring. According to research from family activity app Hoop, over a quarter of parents of 5-16 year olds dread the summer holidays and here are some of the main reasons why. More →

August 23, 2019

A grey tsunami, three goldfish, the red pill of coworking and some other colourful stuff

by Mark Eltringham • Features, Property, Wellbeing, Working lives

A right leaning think tank’s suggestion that the UK should set a new retirement age of 75 and introduce a range of measures to extend people’s working lives to boost the economy and improve people’s wellbeing sparked an inevitable paroxysm of rage. Immediately followed by an equally inevitable and furious level of what passes for debate these days. A stramash the Scottish would call it. More →

August 22, 2019

Stress of extra Summer workloads can be overwhelming

by Neil Franklin • News, Wellbeing

Over a third of workers feel extreme pressure or even experience panic attacks when taking on their colleagues’ workloads over the Summer, a new study from Cornerstone OnDemand claims. The study of over 2,000 UK adults, claims that 81 percent of Brits will take on a colleague’s workload in their absence. Furthermore, while taking on a colleague’s workload, 48 percent of workers are more likely to work through their lunch break or work more than their working hours, contributing to the feeling of stress.

August 21, 2019

Wellbeing challenge known to firms, but they need to up their game

by Neil Franklin • News, Technology, Wellbeing

A new white paper from Aon argues that while the vast majority of employers are aware of a range of wellbeing issues, they often don’t act in appropriate ways to address poor health behaviours and chronic medical conditions. The white paper Prevention Is Better Than Cure (registration) claims that 95 percent of employers see a correlation between employee health and performance and believe they have a role in trying to educate and improve poor lifestyle behaviours.

August 19, 2019

Firms need to place more value on older workers

by Claire Turner • Comment, Wellbeing, Working lives, Workplace

As we live longer lives, it’s inevitable that more of us want to work for longer. It makes good business sense too: with fewer younger people starting work to replace those set to retire in future years, coupled with uncertainty over Brexit and labour shortages, employers can’t afford to lose older workers.

August 19, 2019

“War for talent” and Brexit ramping up staff retention efforts

by Neil Franklin • News, Workplace

News that over one million EU nationals have been given permission to remain in the UK after Brexit, gaining settled or pre-settled status offers businesses expanded talent pools for plugging skills gaps and talent shortages in their workforce. New research claims that talent management concerns are on the rise. With the ongoing ‘war for talent’ intensifying over future skills requirements, businesses must remain vigilant when it comes to the growing technical skills gaps in their workforce, the report suggests. More →

August 16, 2019

Knowledge workers feel out of step with their own organisation

by Neil Franklin • News, Technology, Working culture

Many knowledge workers don’t feel they share common goals with their employer and colleagues, according to a study of 17,000 people by Slack. The State of Work Report summarises the findings, including the effect of this feeling of a lack of ‘alignment’ on organisational and personal performance and the role of technology in aligning people around shared goals. More →

August 15, 2019

Firms with a balance of men and women outperform male dominated rivals

by Neil Franklin • News

The share performance and other metrics of listed companies with a balance of men and women tend to be better than those of male-dominated rivals, according to a new report from Morgan Stanley. The report is based on Morgan Stanley’s HERS ranking, a new measurement the investment bank has developed to evaluate gender diversity at companies and its impact on performance. It determines the gender diversity of a company by factoring in the percentage of women on boards, in the executive and management team, and in the workforce generally. More →

August 15, 2019

Skills for the future of work laid out by new task force

by Neil Franklin • News, Workplace

Because qualifications are only part of the story for employers, who are placing more emphasis on essential skill sets, like teamwork, presenting and problem-solving, but these are often difficult to assess at the recruitment and selection stage. In response, leading organisations from the education and employment sectors (the CIPD, The Careers & Enterprise Company, Business in the Community, the Gatsby Foundation, EY Foundation and the Skills Builder Partnership) have come together for the first time to agree a universal framework for essential skills. It will build on the Skills Builder Framework, already used by over 700 organisations, and set out the skills needed to thrive at work, as well as how these can be assessed and developed. It can be used by students, workers and employers. More →