Long before we began to debate the potential economic impact of the recent pandemic on businesses productivity growth, or rather the lack of it, was the burning issue of the financial crisis.
Projections of post-Brexit productivity fluctuation, employment rates and political approaches to austerity have all but been eclipsed by recent events and a quick look at the figures give us a stark reminder as to why. Recent reports from the ONS plot the recovery of GDP slowing at 9.2% of those lower than the levels seen in February. Redundancies have seen a sharp rise, with the Institute for Employment Studies projecting a potential 1m redundancies by the end of 2020 .
The chancellor recently announced an extension to the furlough scheme, which is a clear sign from the government that it does not see an end to the disruption at least in the short term. For some businesses, it’s a lifeline but for others the road to recovery is now a longer and more complicated one.
On a more positive note, it’s clear that there’s a major commitment to growth and adaptation. In fact, the Bank of England recently predicted that the economic shock predicted would be less than initially feared. The reality is that, in most cases, businesses largely have the power to dictate the terms of their own recovery.
What if we took a more conscious attitude? What if we really considered what a blended working experience looks and feels like? How can we make smarter choices about our people’s futures, the processes we use or the technology we’re investing in, wherever you’re working?
What if we had a more conscious workplace?
We have unpacked the mindsets, behaviours and influences that are forging a new world of work and what it could mean for your business.
