September 22, 2017
An inability to develop skills at all ages leaves people unprepared for the future of work
Efforts to fully realise people’s economic potential in countries at all stages of development are falling short due to ineffective deployment of skills throughout the workforce, development of skills appropriate for the future of work and adequate promotion of ongoing learning for those already in employment. These failures to translate investment in education during the formative years into opportunities for higher-quality work during the working lifetime contributes to income inequality by blocking the two pathways to social inclusion, education and work, according to the World Economic Forum’s Human Capital Report 2017. The report measures 130 countries against four key areas of human capital development; Capacity, largely determined by past investment in formal education; Deployment, the application and accumulation of skills through work; Development, the formal education of the next generation workforce and continued upskilling and reskilling of existing workers; and Know-how, the breadth and depth of specialised skills-use at work. Countries’ performance is also measured across five distinct age groups or generations: 0-14 years; 15-24 years; 25-54 years; 55-64 years; and 65 years and over.
The majority of UK employees (61 percent) do not feel encouraged by their employer to lead an active lifestyle, despite most managers agreeing that exercise positively impacts employees’ productivity (78 percent) and their ability to handle stress (82 percent) claims new research from AXA PPP healthcare. Of those British employees who do exercise after work, nearly half (46 percent) would prefer to do so before work but 79 percent blame a lack of time in the morning; yet for those who find time to be physically active before work, three quarters (75 percent) feel it spurs them on to be more effective in the morning while 69 percent feel more productive. More worryingly, nearly half of employees (45 percent) of employees admit they do not do the NHS recommended 30 minutes of daily exercise, five times a week, but finding time to be physically active during the working day can be difficult, or undesirable. Sixty?two percent of employees with good intentions to exercise at work find they’re cancelling their lunchtime exercise plans due to workload or work commitments.
Strong demand and a lack of supply is helping to boast the regional office rental market, according to Savills’ latest Regional Offices Market Watch. The firm anticipates that take-up will reach 9.8 million sq ft (910,450 sq m) by the end of 2017, a 4 percent increase on 2016 and 9 percent up on the 10 year average. This is due to a number of large Government Property Unit (GPU) deals completing in the second half of the year. As a result of strong demand, total availability across the UK fell by 1 percent to 30 million sq ft (2.787 million sq m) in the first half of the year, which equates to just 1.8 years worth of available Grade A supply. What’s more, Savills notes that office based employment across the regional cities is forecast to grow by up to 4.6 percent over the next five years, leading to a net additional 55,000 jobs, representing a need for a further 5 million sq ft (464,616 sq m) of office space.
