US workers do not want to work from home all the time

US workers do not want to work from home all the time

Most US workers prefer to spend some time in an office (83 percent) over fully working from home, according to a new survey of full-time employees from Clutch. Respondents claim that office based work helps them collaborate with coworkers and feel included in the company’s culture. However, more than half of employees (52 percent) say they prefer a private office to a workstation in an open floor plan or cubicle office at work. More →

Cultural issues hold back digital transformation

Cultural issues hold back digital transformation

New research from Oracle and the WHU – Otto Beisheim School of Management claims that many organisations have invested in the right technologies to enjoy the benefits of digital transformation, but lack the culture, skills or behaviours necessary to reap them fully. According to the report (registration), business efficiency increases by two thirds when the right technology is implemented alongside seven key factors but only by a fifth when implemented without them.

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Flexible office revolution shows no signs of slowing

Flexible office revolution shows no signs of slowing

The latest research from JLL, Disruption or distraction, where next for the UK flex market sector, claims that the real revolution of flexible office space lies in the variety of solutions now on offer and that the market has seen more changes over the last three years than the previous 30 combined as it continues to grow and evolve. JLL’s research claims that over the next five years more than 10m sq ft will be added to the stock in the key UK cities and flex space will account for over 8.5 percent of the total office stock by 2023. More →

HSBC strikes 1000 desk deal with WeWork

HSBC strikes 1000 desk deal with WeWork

HSBC has agreed a deal to locate more than a thousand members of London staff in a WeWork coworking space in London. WeWork confirmed to the Financial Times that the bank has signed up for 1,135 desks at its new building at 2 Southbank Place.  The move is further proof of how coworking has become a mainstream option for large corporations as they seek to get more value our of their property and introduce new working methods. HSBC’s corporate real estate team and other staff already work from coworking spaces, but the new deal marks a step change in its strategy.

Image: WeWork’s existing coworking space at Waterloo

London remains second most expensive office market

London remains second most expensive office market

Hong Kong Central and London’s West End held onto their top spots in a ranking of the most expensive office market locations in the world at $322 and $220.70 per sq. ft. per year respectively according to the latest Global Prime Office Occupancy Costs report from CBRE. The ten most expensive markets were the same markets as last year, though several have changed positions within the top category. The biggest gainer within the top 10 was Midtown Manhattan ($196.89) in New York City, which climbed to the fourth most expensive market this year from the sixth last year. London City retained its number 10 position on the list at $139.75 per sq. ft. More →

Tech workers prefer to work for larger corporations

Tech workers prefer to work for larger corporations

Tech workers sharing a jokeUK SMEs are losing out to big tech in the battle to recruit top tech talent, according to Robert Half UK’s new report, Recruiting for the future: The challenges for UK SMEs. The white paper, which was based on an independent study of Chief Information Officers (CIOs) across the UK, found that three quarters (75 percent) of CIOs believe that it is more challenging for SMEs to attract tech workers because they prefer to work for larger technology companies. More →

Technology driving calls for four day week

Technology driving calls for four day week

Four day weekA majority of European workers (57 percent) believe that technology will help to bring about a four day week in the near future as it improves their productivity and efficiency, according to new research from Ricoh Europe (registration) which looks at employee attitudes towards the continent’s ongoing productivity challenge. More →

Long hours continue to risk mental wellbeing

Long hours continue to risk mental wellbeing

UK employees will be encouraged to leave work early on Friday as part of Go Home on Time Day, a charity initiative promoting healthy work-life balance. This couldn’t be more timely, with new research from Thomsons Online Benefits claiming that 1 in 4 (26 percent) people feel long hours at work prevent them from improving their mental wellbeing. More →

London councils form office of technology and innovation

London councils form office of technology and innovation

The London Office of Innovation and Technology (LOTI) has been officially launched, ushering in what the fifteen councils behind the initiative claim will be a new era of digital transformation. The councils claim that London’s public services will benefit from faster adoption of technology, data and digital skills. The city-wide venture is a collaboration between all 32 London boroughs with the Mayor of London’s backing.

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Culture clash means one in ten non-native workers leave jobs

Culture clash means one in ten non-native workers leave jobs

Crossed pencils with sparks illustrate a culture clashA new report from Jobsite claims that almost one in ten (8 percent) non-native workers in the UK have had to leave a job because of a culture clash or they felt they didn’t fit in, and a quarter (23 percent) of those working in multicultural teams feel their workplace has become less accepting towards their non-UK colleagues since the EU Referendum. The survey claims that over a third (35 percent) of non-native workers believe their career progression has been impacted whilst a further 13 percent think they have been overlooked for a promotion due to their cultural background. More →

Majority of SMEs lack a health and wellbeing strategy

Majority of SMEs lack a health and wellbeing strategy

Majority of small businesses have no health and wellbeing strategyNew research from AXA PPP healthcare claims that eight out of ten (82 percent) SME business leaders don’t have a health and wellbeing strategy in place. The same research found two-thirds (24 percent) report experiencing job-related stress or anxiety and just 15 per cent believe their company provides a culture which supports their mental health. The research also claims  nearly half (46 percent) of employees working in small and medium sized businesses continue working when they’re feeling unwell and less than a quarter (24 percent) see a GP because they worry about taking time off work. One-fifth (18 percent) feel guilty for taking time away from their desk for lunch and more than a quarter (27 percent) send and receive emails outside of work hours.

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Coworking is reshaping office market in London

Coworking is reshaping office market in London

Leo coworking space in North LondonThe flexible office and coworking markets have grown rapidly over the last five years, with more than 4 million sq ft leased to flexible office providers in Central London, according to a new report from digital office broker Hubble in partnership with JLL. Despite WeWork dominating the headlines and pioneering the uptake of coworking, the London market remains highly fragmented, with more than 150 providers offering some form of flex or coworking space in more than 650 separate locations. Flexible offices are projected to grow to a 11 percent share of overall office stock in London by 2023. At the end of 2018, flexible offices had a 6.3 percent share of the Central London market (14.7 million sq. ft.) and this number is set to keep growing. More →