November 8, 2019

Lack of leadership stifles workplace creativity

The UK’s workforces are being creatively stifled because of high pressure and a lack of leadership skills, a new study claims. A study of 1,000 workplaces published in Thinking On Your Feet, a report by the commercial arm of the Royal Academy of Dramatic Art, RADA Business, has found that almost half (41 percent) of UK workplaces implement practises that have a detrimental effect on employee empowerment and their ability to think creatively. The study also reveals that 75 percent of workplaces lack the right environment to enable improvisation to thrive, leaving workers feeling unsupported and stressed. More →

November 7, 2019

More active lifestyles would have far reaching economic impact

by Neil Franklin • News, Wellbeing

The results of a new academic study on the relationship between global economic growth and physical activity, carried out by Vitality and RAND Europe, reveal significant benefits to the economy and life expectancy if people adopted a more active lifestyle. The study suggests that the world’s GDP would gain more than $100bn (£80bn) each year until 2050 if people adopted a more active daily routine that could involve simple choices such as walking 15 minutes more a day, jogging slowly for half a mile a day, or walking 1,500 extra steps a day. More →

November 7, 2019

Short term spike in absence rates but long term trend remains downward

by Neil Franklin • News, Wellbeing, Workplace

Absence rates dues to illness or injury for UK workers rose by 7 percent in 2018 to an average of 4.4 working days according to new figures, published by the Office for National Statistics. During the full year, people took 141.4 million sick days compared with 131.5 million in 2017, when the figure reached its lowest since records began. The long term trend remains positive despite last year’s spike.The rate of absence from work due to sickness in people in the UK with no long-term health problems has halved in the past two decades according to the government data. More →

November 7, 2019

Real estate set to remain an attractive investment despite challenging environment

by Neil Franklin • Cities, News, Property

Europe’s property leaders continue to have faith in real estate as an attractive option for investments, despite a number of significant political and economic challenges, according to the latest Emerging Trends in Real Estate Europe 2020 report. With interest rates set to stay lower for longer and bond yields in many European countries in negative territory, real estate income retains its broad appeal to investors, especially in comparison to other asset classes. Equity and debt are expected to remain plentiful for most real estate sectors. The report, published annually by the Urban Land Institute (ULI) and PwC, is based on the opinions of over 900 real estate professionals across Europe, including investors, developers, lenders, and advisers. More →

November 6, 2019

Open plan offices might improve performance of high status workers

by Neil Franklin • Flexible working, News, Workplace design

Managers may believe their star performers don’t need monitoring when working on a team and may reason that leaving the most high status workers alone in their efforts frees up more time to work closely with other team members. But research coauthored by Sebastien Brion of IESE Business School and published in Management Science Journal claims that this may be a mistake and so counterproductive and that the performance of high status workers might improve with greater visibility including that offered by open plan offices. More →

November 6, 2019

Cyber security remains a key tech priority for businesses

by Neil Franklin • News, Technology

Organisations are prioritising investment in cyber security to strengthen their defences against their perceptions of a growing threat, according to a new survey of its customers to gauge their technological priorities by Softcat. According to a BBC report, 55 percent of UK firms have experienced a cyber-attack in 2019, up 15 percent compared to last year, signifying a growing threat so their fears may be well-founded. Softcat’s survey claims that 83 percent of industries ranking cyber security as their biggest technology priority for the year ahead. More →

November 6, 2019

Over half of employers are ignorant of the Good Work Plan

by Neil Franklin • Legal news, News

In five months’ time, employers will have to adhere to new employment laws proposed in the government’s Good Work Plan. However, the majority of UK businesses are completely unaware that these laws are due to come into effect. A survey by Citation, conducted via OnePoll, has found that 59 percent of British employers do not even know about the Good Work Plan, which proposes a variety of law changes that will come into effect in April 2020. More →

November 5, 2019

HR leaders feel unprepared for the future of work

by Neil Franklin • News, Technology, Workplace

Only 9 percent of chief human resources officers (CHROs) agree that their organisation is prepared for the future of work, according to a new report from Gartner. The study ties in to Gartner Gartner ReimagineHR conference, which took place last week. It concludes that to address the needs of organisations and workers in the future, HR leaders must focus on five areas of work. It suggests that tackling the future of work should not mean looking at the various changing aspects of work, such as AI, the gig economy and the multigenerational workforce, in silos. Istead, HR leaders should focus on the big picture of what the future of work can and should look like in their organisation. More →

November 4, 2019

Four day week at Microsoft Japan boosts productivity by 40 percent

by Neil Franklin • Flexible working, News, Technology

Microsoft Japan has announced the results of its four day work week trial, and claims the move increased productivity by almost 40 percent. The trial of the four day week, named the “Work-Life Choice Challenge Summer 2019” saw around 2,300 employees given five successive Fridays off, with no reduction in salary and no days taken from annual leave. The project also included an offer of subsidised holidays and further education opportunities. Microsoft claims that the increase in productivity was largely attributable to shorter and more efficient meetings. More →

November 4, 2019

Brexit continues to dampen UK commercial property market

by Neil Franklin • News, Property

The Brexit impasse is contributing to perceptions that the UK Commercial Property Market is in the downturn phase of the property cycle, according to the Q3 2019 RICS UK Commercial Property Market Survey. The latest results suggest that the highest proportion of respondents sensing the overall market is in the downturn phase of the property cycle since the series began in 2015 (+62 percent up from +53 percent in Q2), with anecdotal evidence suggesting that Brexit is having an increasingly detrimental impact on market activity. More →

November 4, 2019

Green office building continues to increase in US cities

by Neil Franklin • Cities, Environment, Property

Chicago’s office market was named the greenest in the U.S. for the third year in a row as the level of green office building trend continues to increase in the nation’s largest cities, according to the sixth annual Green Building Adoption Index by CBRE, Maastricht University and the University of Guelph. The researchers claim that green-certified office space across America’s 30 largest office markets has reached 42.2 percent up from 41.9 percent the year before, marking a new high. More →

November 4, 2019

Over fifties are driving the rise of self employment

by Neil Franklin • News

Millions of older workers are joining and benefiting from the freelance sector, new research from IPSE (the Association of Independent Professionals and the Self-Employed) claims. IPSE’s research suggests there are now almost two million (1,907,000) self-employed people over the age of 50 in the UK: a number that has increased by 58.5 per cent in the last ten years. The growth is even bigger among highly skilled freelancers. Today, there are almost a million (950,000) highly skilled freelancers in the UK: a number that has risen by 68.2 per cent in the last ten years. More →