30 | 05 | 2018
Social Interaction. Modern Day Communication.
Is playing in mud, fighting with sticks and building tree houses a thing of the past? Are Smartphones, Laptops, iPads and online media the dominant forces in our social lives? Since the birth of the smartphone back in 1995, which eventually marked the evolution of the social web and mobile technology we know today. The birth of Facebook in 2004 changed the way we communicate with each other; making it faster, more efficient and less awkward. Working in an office environment means, we spend most of our days communicating through different platforms of online media to talk with; friends, family, work colleagues and clients. So why is it that we feel the need to communicate through platforms that cut-out the humanity of having an actual conversation? Embracing Change Millennials have always been subjected to different stereotypes, and having a less physical interaction is one of them. Rather than calling their friends, they would rather send a quick text, a staggering 68% of the millennial generation admits they prefer to do this. Compared to their counterparts Generation X that texts 21% less, preferring to have a face to face conversation or speak over the phone. Average Data Usage - (SIM Only Contracts) The average consumer uses 2.23GB of mobile data per month (not including Wi-Fi) By 2021 mobile data usage will increase to 45.12GB 13% - 20% of 18 to 54-year olds go over their data plan every few months 75% of people aged 55+ never use their full data package O2 released a recent study that showed telephone apps ranking as the fifth most used communication platform amongst the general public. With phones not really being used for calling anymore and the increase in the average consumer spending (two hours and fifteen minutes per day); online, texting, using social media and other forms of communication, we now have to be more aware of the advantages and disadvantages in modern day communication. Many employers have acknowledged this already and now are utilizing the ways we interact with each other online to communicate with their new and existing clients. Embracing change can be tough, especially when working with a diverse team, each individual will know a different variation in how to communicate effectively. Offering training so your team can become more transparent is key when developing in today’s vast online market. Accountants, bookkeepers, and sales-ledgers have already modernised, with most financial firms now using cloud-based software to improve their work efficiency and internal communications. Advancements and changes in the commercial world will see the desire for new skills increase. Employers will now be looking for broader skill sets when it comes to new hires; Tech Savvy – Ability to use Cloud, Digital Platforms, Social Media and software literate Social Intelligence – The ability to connect and communicate with others through direct communication to stimulate the desired interaction Media Literacy – The Ability to access or create content that uses new media forms – for example, video Transdisciplinary – The ability to understand different forms of communication across different disciplines Virtual Collaboration – Being able to work productively, engage and have a presence when working on virtual projects Emotional Intelligence – The ability to understand others’ reactions through online media platforms (Email, SMS etc.) At Sewell Wallis, we know that with the advancements in new technology and online media can make it hard to find the right candidate or role. To speak to one of our consultants about a new hire or potential new job opportunities you are interested in, please email us.
24 | 05 | 2018
The Rise of 'Millennipreneurs"
Millennials are revolutionising UK start-ups, which shows no sign of ending any time soon – with nearly 660,000 companies being established last year, an increase from 2015 figures of 608,000. It has been predicted this year we will see the record being broken again. The Millennipreneur ‘Millennipreneurs’ is a term which started when the baby-boomers (over 50s) reached their peak, making way for their predecessors to take over, with more 20 to 35-year-olds starting their own companies, managing bigger teams and hitting higher profit margins; We can now say a new generation of entrepreneurs has arrived. Millennials are discovering their entrepreneurship a lot quicker than baby-boomers did, with the average “Millennipreneur” starting their first company by the age of 27, compared to their “older” counterparts who usually set up their first business when they were 35 years old. Millennials may be starting twice as many businesses than their predecessors, but they are following in their footsteps. Millennipreneur Hard worker Ethics and responsibility Making a positive difference in their workplace Bounce from job to job – never seeing anything through Baby-boomer Hard worker Place more emphasis on the “work” half of work-life balance Adaptable to new ethics and responsibilities Stay in the same job throughout their lives, rather than bouncing around Millennials are described by many as an “entitled generation” – but the truth is they are driven, focused and ready to prove themselves. Without the need to live their lives pay-check to pay-check they are more open to the experience and the impact gained through working from such a young age, by having the backing of the Start-Up Loan Scheme - established back in 2012, millennials have been given the drive they need to develop their ideas and grow within the professional environment. The growth in new technology, online-trends and apps over the past decade, have enhanced the overall ability for millennials to succeed in these key industries, even the Baby-boomers have jumped on the new advancements; Accountants, bookkeepers and sales-ledgers are also modernising, using cloud-based software to improve their work efficiency. ‘With over 195,538 start-ups created already this year, we are already seeing the benefits, the employment rate for 16-64-year-olds is at a staggering high of 75.4% (0.8% increase since 2017) and the unemployment rate is down to 4.2%’ With more businesses being created year-on-year the demand for hiring new staff is at 83%, so if you are setting up a new company or looking to expand your team throughout the year, contact us; Sheffield – 0114 268 3313 |Leeds: 0113 242 1200
22 | 05 | 2018
The Demise of the High-Street
Online Shopping. Over the past few months, we have seen many downfalls amongst retail giants, such as our childhood favourite - Toys R Us who went into administration shortly after Christmas. The lack of being able to innovate their brand with the growing “buy online” craze their total annual profits plummeted as less and less footfall poured through their doors. In 2012 Toys R Us started selling their products through Amazon which evidentially led to the brand's demise - we as consumers got so used to buying online we forgot about the social interaction we once had. Online shopping has now skyrocketed, we have new apps and faster ways to purchase items, making us the blind generation to our once “famous” high-streets. We have become anti-social and dependent on finding what we need online. The average consumer (+30% of the UK population) would rather use the internet or other online platforms to buy a product or service. Shoppers can now compare prices and products without leaving the comfort of their homes. For a shopper, the ease of using the internet is complemented by the simplicity of price comparing. Consumers can now compare hundreds of prices at the click of a button. We would rather order our weekly shop online than physically seeing the products for ourselves, we skip queues and the emotional strain brought on by being within a sea of people when all we want is a pint of milk or a few more bags of crisps. Many food retailers such as Aldi have seen profits fall by a 5th since the battle over food prices begun to get more consumers into stores and ordering online. As well as seeing loses in profits there has been an increase in wasted food, which has risen to an astonishing £13 billion per year since 2015. But it’s not just food retailers being affected by our online shopping. Fashion retailers such as Debenhams, Primark and M&S have announced since the start of the year they have also had losses in their overall profits, which has evidently raised the percentage of online sales by 15.5% each year since 2015. Online clothing sales are at a staggering 67% and E-commerce sales by businesses in the UK are at £511 billion per year the latest statistics show The failure to innovate with the ever-growing uses of technology has taken a massive hit on high-streets, leaving independent retailers losing profits and even closing down because of the struggles they are facing, with over 6,580 showing signs of financial distress this year, our dependency on technology and being a generation that thrives on socializing through online platforms, could be the cause of our high-streets demise?