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Richmond Events' Business Panel Report - The Eurozone


Our latest report is now available on the topical subject of The Eurozone.  

Here are the headline findings and to view the full report please click on the link at the bottom.
  • Asked for their views on the Euro a 69% majority of the panel feel it’s likely to stagger on much as presently.
  • The next highest proportion of 13% feel the Euro will recover and strengthen within one year, whilst 12% feel the polar opposite, i.e. it will collapse within one year.
  • Only one person feels it will strengthen within 6 months, whilst 2% feel it will collapse within 6 months.  Interesting times indeed!
  • Asked about their view of a return to individual currencies for the Eurozone the highest proportion of the panel is indifferent.  Of those with a view over one third believes it would be advantageous to Britain whilst one in five believe it would be disastrous.
  • We then asked if Europe was to regain stability and its former economic strength would the panel favour Britain joining the Eurozone.  Only 14% said yes compared to 63% no, the remainder maybe; never say never.
  • 6% of the panel feel the Eurozone will return to a sustained period of growth within the year.  The highest proportion, 43% feel it will return within 2 years, whilst 41% feel it will within 5 years.  10% admit to having no idea whatsoever! 
  • In terms of banks lending to British businesses, one in five claims it’s not as easy to obtain credit as it was before the recession, whilst 9% say ‘their’ banks have not always been helpful lately.  7% have found it excessively expensive to borrow from their banks whilst 3% admit to having real problems. 
  • Two thirds of the panel believe unemployment will eventually fall; over half the panel feels it will reduce within 2 years and 9% within the year.  Against this, the remaining third cannot see a fall in unemployment for the foreseeable future.
  • Asked for their agreement levels from a series of statements: the most vehement are that British banks should separate their retail functions from the more speculative investment arm, and, that whilst the Coalition promised to slash the numbers of quangos and civil servants, the results so far have been wholly unimpressive.
  • Interestingly over half the panel disagreed with the statement that the Government should relax some of its austerity measures to stimulate the economy.  Just under one third agreed they should.
  • Over ½ the panel agree that Anti-Europe sentiment is increasing in Britain.
  • Almost two thirds of the panel agree that British banks have been insufficiently penalised for their role in provoking the credit crunch.
Download the full report.

For further information please contact David Clark.

Richmond Events’ Business Panel Report - Workplace Happiness


Business-Panel-Report-image.jpgIn these joyful times that we currently live it seemed only right that the latest piece of research from Richmond Events’ UK Business panel focuses on Workplace Happiness.  However, all is not lost.  As the report reveals employees still have a real sense of pride for their organisation and whilst the economic situation has clearly had an effect,  individuals are utterly determined to succeed both for themselves and their organisation. 

The headline findings can be found below and if you’d like to view the full report please click on the link at the bottom. 

We hope you enjoy!  

  • Whilst just over ½ the panel claim to be content in their present position, this means 47% are not.
  • 63% of the panel say their workplace happiness has reduced or remained static over the past year.  37% say it has improved.
  • Unsurprisingly the current economic situation has left its mark on the panel.  Only 31% say it hasn’t affected their workplace happiness whilst 37% say it remains difficult but they’ve had to learn to adapt.
  • Figures are similar for organisations as a whole with all but 19% being affected; 14% admitting it remains a difficult time for their organisation.
  • The top two areas that give the panel most workplace satisfaction (excluding promotion & a pay rise) are helping their organisation improve its competitive position & helping the team reach peak performance.  The panel say they receive little satisfaction from proving a superior wrong or getting rid of a troublesome team member.  Of course they don’t…
  • The top two reasons the panel are likely to experience periods of discontent at work are slow / poor decision-making and actions of colleagues.
  • If the panel are asked to take on extra work (without additional resource or remuneration) the highest proportion are likely to view it favourably, believing it confirms the confidence their superiors have in them.  Only ¼ feel they are being taken advantage of.
  • The two departments to give the panel most grief on a regular basis are Operations and Finance.
  • Asked about their families’ happiness the top three areas for concern are; the high levels of debt their children will take on to fund university, the ever increasing cost of living and how their children will get on the property ladder.  

For the full report please click here


Richmond Events’ Business Panel Report - Looking across the pond


Business-Panel-Report-image.jpgThere are interesting differences between how organisations seem to function in the US compared with those in the UK. Looking at our most recent two Business Panel reports on how Organisations view themselves we note some key differences:

US Organisations have closer or more productive relationships with IT than UK Companies but are less close to the CEO and to Sales

In the US, Sales is the most adversarial department according to 27% of respondents, clearly causing more problems than IT in second place. In the UK, Sales were regarded as adversarial, but no more so than Finance and IT and only 17% felt sales were a problem – two thirds of the US figure.

The Finance Department is viewed with the greatest contrast on each side of the Atlantic. In the UK it is the most adversarial department according to 18% of respondents. The US is completely different with only 8% saying it causes problems, the least adversarial department apart from the CEO and Production.

CEOs in the UK are regarded as far more responsible for driving the organisation (52%) compared with their counterparts in the US (36%)

Sales departments are regarded equally positively in terms of driving the organisation forward but contrarily in the US there are just as many who view them as holding the organization back. In the UK their positive contribution is regarded as three times as much as the negative one.

In the UK, Finance departments are regarded as three times more likely to impede the progress of the company. In the US they are regarded as just as positive as they are negative.

In the UK, Sales departments are regarded as three times more likely to drive the business forward as impede its progress, in the US Sales are viewed as almost as likely to impede progress as to achieve it.

Non Executive Directors are viewed as quite influential in the UK Board Room but almost irrelevant in the US.

UK Finance Directors are viewed as effective at achieving cost saving in the UK, they are not in the US.

Innovation is greatest in the IT and Marketing departments. The US sees IT as more innovative than Marketing. The UK thinks Marketing is twice as innovative as IT.

There appear more similarities than differences between the US and UK but the differences, including those above, are very interesting.

For full copies of these reports please contact David Clark.

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Social Media Latest




The Richmond Events’ UK Business panel has recently carried out some research into social media.

Headline stats include…
  • 44% of organisations do not currently spend any budget on social media. Of those that do the average percentage of departmental budget spend is 2.8%.
  • Over half the panel are likely to increase their spend on social media, 40% moderately and 13% drastically.
  • In terms of the social media platforms individuals use in the workplace, LinkedIn is by far the most popular, three times more so than 2nd placed Twitter.
  • Only 5% of organisations have strict ROI measures in place for social media. Almost two thirds don’t measure ROI at all.
  • LinkedIn and Blogs are viewed as the most effective social media.
  • The 2 most popular areas for employing social media within organisations are towards customer engagement and brand promotion. These are followed by general marketing and building web traffic.
  • In over half of organisations the marketing department is responsible for social media content.
  • On average 5.5% of individuals within organisations are using social media for business purposes.
  • A high proportion of the panel still perceive social media as ‘still more of a personal than a business tool’.
If you would like to receive a full copy of the research please get in touch. The research is free of charge.

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