May 4, 2022
Nearly two thirds of American employees are resisting the calls for a ‘return to the office’, according to a poll published in The Hybrid Performance Review from Poly. The firm surveyed 5,000 US employees and employers to uncover how workspaces, technology, and personality traits impact performance; and how employers are responding. More →
May 2, 2022
The Urban Land Institute’s (ULI) Greenprint Center for Building Performance announced today that five more of its real estate members have aligned to ULI Greenprint’s net zero carbon operations goal. These real estate leaders join the 25 ULI Greenprint members that have already adopted this goal to reduce the carbon emissions of their collective portfolio under operational control to net zero by the year 2050. More →
April 28, 2022
The start of 2022 saw a jump in new tenants looking to rent UK commercial property, with the uplift particularly prevalent in prime office space. Investor enquiries across all UK commercial property also continued to rise, according to the RICS Commercial Property Market Survey, Q1 2022. Respondents to the survey saw a notable increase in UK office demand in Q1 2022 with the net balance improving to +30 percent from a flat picture at the end of 2021. A considerable change in sentiment was also seen in the retail sector, as occupier demand moved into relatively neutral territory (-1% net balance), the first time this reading has been neutral or positive since the beginning of 2017. More →
April 28, 2022
Employees with full autonomy to choose where they work are happier in their job, yet only one in five are currently able to do so. And though 60 percent of all employees prefer hybrid working, only 39 percent are able to flexibly split their time between the home and office. This is according to Jabra’s 2022 edition of the Hybrid Ways of Working Global Report. Carried out amongst 2,800 knowledge workers across six countries worldwide, the report analyses employee sentiments and motivations around the physical workspace in this hybrid working era. More →
April 27, 2022
A new poll claims that one in three (37 percent) employees consider their current job to be at risk from automation and digital transformation. HR software provider CIPHR has compiled a list of the occupations that are the most and least likely to be replaced by technology or machines, based on the results of a survey of more than 1,000 UK workers: www.ciphr.com/jobs-at-risk-from-automation. Survey respondents were asked to rate the likelihood that their own occupation could become automated in the future, due to advances in smart technologies, artificial intelligence (AI) and machine learning, and robotics. More →
April 26, 2022
The number of employers who believe that an increase in homeworking and flexible working has increased their organisation’s productivity or efficiency has jumped significantly over the last year, according to new research from the CIPD. When asked in December 2020, a third (33 percent) of employers said homeworking had increased their organisation’s productivity or efficiency. However, when asked about increased home/hybrid working in October/November 2021, over two-fifths (41 percent) said these new ways of working had increased this. More →
April 26, 2022
A poll from Perkbox claims that moves towards hybrid and flexible working are changing the workplace experience for employees across the UK, with 57 percent feeling freer to be ‘themselves’ in this environment. This is particularly strong for women – 61 percent say they feel freer to be themselves when remote and hybrid working compared to 51 percent of men. In addition, 55 percent of employees say that remote and hybrid working has been a huge step forward in supporting more diverse and inclusive working environments. More →
April 22, 2022
Nearly half of people (43 percent) who quit their jobs as part of the so-called Great Resignation during the pandemic now think they were actually better off at their old job. This revelation comes from a six-country survey of nearly 4,000 people by UKG that examines sentiment about quitting during the Great Resignation, including if job leavers felt that they made the right decision, the disconnect between managers and employees about why people quit, and the chances workers would boomerang back to their old job. More →
April 20, 2022
Economic inactivity levels amongst men aged 50-64 in December 2021 to February 2022 were the highest since records began, according to new analysis from Rest Less. The firms analysed labour market data from the Office of National Statistics and found that economic inactivity levels amongst men aged 50-64 reached 1.47 million in the latest official figures – the highest they have ever been since records began in 1992. The economic inactivity rate amongst this demographic reached a nine-year high and is now at 23.1 percent. More →
April 19, 2022
Research from the University of Kent has shown how a national four-day working week can positively impact workers and their families’ wellbeing, improve social cohesion and reduce social inequality. In a paper published by the Journal of Social Policy, Professor Heejung Chung from Kent’s School of Social Policy, Sociology and Social Research discusses how a shorter working week can help tackle issues by giving workers the ‘right to time’, shifting a balance between work and non-work activities in daily life. More →
April 14, 2022
Higher fit-out costs and service charge growth, not rent rises are set to increase office occupier costs in 2022, claims a new report. Savills analysis of Q1 22 Prime Office Costs (SPOC) in global markets around the world has shown that higher fit-out costs, reflecting material and labour cost inflation, are beginning to creep through in some office markets. While overall there has been no movement in the position of cities in the rankings since the end of 2021, says Savills, some markets are experiencing rising costs in fitting out space and increased service charges. According to Savills this trend is most evident in Chinese cities, Kuala Lumpur, and in North American cities at the moment, but other markets across the globe are set to follow suit in the coming quarters.
Jeremy Bates, head of EMEA occupational markets at Savills, comments: “From higher prices for raw materials to increasing labour costs to keep up with rising inflation, it’s likely that most office occupiers will have to pay more to rent and fit-out their space in global cities this year.
“Whilst rent is the usual indicator of increasing cost, service charge rises and higher capital expenditure will represent the largest contributions towards increased occupier costs in the coming quarters. Even in markets where landlords tend to pay for fit-outs, these costs will eventually be passed on to occupiers later in the form of higher rents. Nonetheless, for many office occupiers the expense is unlikely to deter them from selecting top quality spaces in prime central business districts to attract and retain talent, although they are carrying out extensive data gathering exercises on how employees are using space before making decisions on exactly how much to take.”
Savills says that overall headline rents have, on average, remained flat in local currencies and the increasing additional costs have yet to appear across many markets, according to the international real estate advisor, with fluctuating exchange rates due to increased uncertainty producing the appearance of declining costs for many markets in Dollar terms during the first quarter of 2022, while in local currencies they have broadly remained consistent with Q4 2021.
April 13, 2022
Nearly all executives (96 percent) agree that primarily remote workers are disadvantaged compared to those who work primarily in the office, according to a poll of 200 executives at large US firms, commissioned by Vyopta. However, 92 percent of respondents also believe employees who are less engaged, either frequently on mute or don’t turn on their camera during remote meetings, probably don’t have a long-term future at their company. More →
