Employers get flexible as retirement age for baby boomers draws closer

Employers get flexible as retirement age for baby boomers draws closer 0

RetireNearly three quarters (74 percent) of finance directors are concerned that the skills gap resulting from widespread retirement of baby boomers will have a negative impact on their organisation over the next two years and an even higher proportion (77 percent) say that the departure of older workers will have a negative impact over the next five years. The new research from Robert Half UK reveals that UK employers are anticipating a significant skills gap when baby boomers retire over the next two to five years and are already taking steps to mitigate the risk.  Baby boomers represent a bulge in the workforce that will soon be at retirement age so not only will employers need to consider the impact of the skills shortage that this mass-departure will create, but they will also have to accommodate different demands and expectations from younger Generation X and Y workers coming to replace them.

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Where to have great ideas + Workplace professions + London’s office market

Where to have great ideas + Workplace professions + London’s office market 0

Insight_twitter_logo_2In this week’s newsletter; Giuseppe Boscherini explores the growing importance of creativity at work; Mark Eltringham argues that the three professions of the workplace, HR, IT and FM need to adapt and notes a growing disconnect between a firm’s earnings and the number of people it employs. In commercial property, demand for office space in London continues to overwhelm its availability, with English regions outside the Capital leading construction growth.  High job demands, stress and job insecurity are among the main reasons why people go to work when they are ill, and data shows the Internet of things will connect 6.4 billion objects next year. You can also download the new issue of Work&Place and access our first Insight Briefing, produced in partnership with Connection, which looks at agile working in the public sector. Visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Remote workers endure poor communications and working practices

Remote workers endure poor communications and working practices 0

Poor communciation within remote teamsPoor communication and working practices among remote teams is widespread, a new report by the Institute of Leadership & Management (ILM) claims. Organisations are failing to capitalise on the potential for remote working to improve performance and efficiency with 88 percent of remote workers struggling with inconsistent working practices and miscommunication, while 83 percent feel overwhelmed by emails. Although 84 percent of remote workers report improvements to their work-life balance, a lack of team identity can cause isolation and loneliness. The study with over 1,000 remote workers highlighted a range of potential benefits for organisations with a remote or geographically-dispersed workforce, including increased business reach, improved productivity, cost and time savings, and access to a more diverse set of skills and experience.

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Research reveals the main reasons why people still go to work when ill

Research reveals the main reasons why people still go to work when ill 0

High job demands, stress and job insecurity are among the main reasons why people go to work when they are ill and should probably stay home, according to new research from the University of East Anglia. The study sets out to improve understanding of the key causes of employees going to work when sick, which is known as one of the main forms of presenteeism, and to help make managers more aware of the existence of the phenomenon, what triggers the behaviour and what can be done to improve employees’ health and productivity. A key finding of the study, published yesterday in the Journal of Occupational Health Psychology, is that presenteeism not only stems from ill health and stress, but from raised motivation, for example high job satisfaction and a strong sense of commitment to the organisation. This may motivate people to ‘go the extra-mile’, causing them to work more intensively, even when sick.

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Last chance to book next week’s Worktech London at a discounted rate

Last chance to book next week’s Worktech London at a discounted rate 0

Canary-Wharf_1-300x199In just over a week’s time, Worktech, the international conference series on the future of work, workplace and technology will return to Level 39 – Europe’s largest technology accelerator space. The event will bring together over 350 of the biggest and brightest names to debate, discuss and divulge the latest thinking on the future of work. Companies booked to attend include ANZ, AON, Allen & Overy, Arup, Barclays, Cabinet Office, Catlin, Central Working, Cisco, Deloitte, Deutsche Bank, Diageo, Discovery, Ebay, EE, Ernst & Young, GlaxoSmithKline, Goldman Sachs, IKEA, ITV, International Group for Environment and Development, Kings College London, Lenovo, McKinsey, Microsoft, National Grid, Royal Bank of Scotland, Schroders, Sonos, UBS, Vasakronan and Vodafone. Worktech15 takes place on 17th and 18th November and Insight readers can enjoy discounted tickets.

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Commercial property owners not keeping up with changing needs of tenants

Commercial property owners not keeping up with changing needs of tenants 0

NewcastleA new study from Northumbria University, sponsored by serviced office provider Citibase, claims that the owners of commercial property in the UK stand to lose out on £4.8 billion over the next decade because they are failing to adapt to the changing needs of tenants for more agile spaces. The study claims that property owners in 27 towns and cities in England, Wales and Scotland are already missing out on £325 million annually and paying out another £170 million on holding cost and there are stark differences between the prime and secondary office sectors. The report, Taking Stock: Secondary opportunities and the agile future, claims that out of all total empty stock calculated, only 10 percent of vacant office space is prime, the other 90 percent is secondary. The secondary sector currently has an estimated 26.4m sq ft of office space vacant compared to just 3m sq ft of empty stock in the prime market.

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Almost half of UK employees plan to change jobs within three years

Almost half of UK employees plan to change jobs within three years 0

Nearly half of UK employees plan to change jobsUK employees are among the least loyal in Europe, according to new research by ADP, with nearly half of UK workers (47 percent) planning to change jobs within three years, compared to a third (34 percent) in the rest of Europe. Just 17 percent want to spend the rest of their career in their present organisation, whilst 40 percent of German workers see this as an option. The job market is now becoming more competitive as employees are looking for opportunities outside their home country. However, attitudes towards foreign talent are generally positive with 69 percent of UK employees who don’t see foreign talent as a threat. Even though companies may benefit from a global talent pool, losing local workforce is causing a headache for some countries. Employees in Spain (49 percent), Italy (47 percent), and Poland (39 percent) are particularly concerned about a talent drain to other countries.

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Third of professionals worry about weight gain from home working

Third of professionals worry about weight gain from home working 0

Weight-worriesRemote working is on the rise; 45 percent of UK workers are now based outside of their main office for more than half the week. But working from home could contribute to an expanding waistline, as a third (32 percent) of the UK’s business professionals admit that they fear getting fat due to the temptation to snack more when working from home compared to working in an office environment. The research by Regus canvassed the opinions of more than 4,000 business people across the UK. The findings suggest that the solitude associated with working at home, coupled with ready accessibility to fridge, cupboard and larder, leads to more munching during the 9-5. Said Richard Morris, UK CEO, Regus: “Working from home makes it easy to reach for a doughnut whilst still in your pyjamas. This look is not so popular in a workspace surrounded by professional peers.”

Women should sit on third of all FTSE boards by 2020, says Davies report

Women should sit on third of all FTSE boards by 2020, says Davies report 0

Women_at_workAll FTSE 350 boards should have 33 percent female representation by 2020, a five year investigation of gender equality has concluded. The recommendations were made by Lord Davies in his final report on Women on Boards which began looking into the obstacles preventing many women from reaching senior positions back in February 2011. Earlier this year the UK’s FTSE 100 reached a milestone of 25 percent of board positions being filled by women – the target set by Lord Davies in 2011. Although there are more women on FTSE 350 boards than ever before, with representation of women more than doubling since 2011 – the latest report proposes a series of recommendations including the voluntary target of 33 percent representation of women on FSTE 350 boards, and the creation of an independent steering body to help create momentum to ensure a voluntary business-led approach is continued for a further five year period.

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Insight Briefing: the growth of agile workplaces in the UK public sector

Insight Briefing: the growth of agile workplaces in the UK public sector 0

agile working coverThe process of transforming the UK’s public sector estate may have begun under the last Labour administration but it’s fair to say that change really began to kick in as a consequence of the austerity programme initiated by the current administration. Central Government departments and local authorities had already started exploring new ways of owning and occupying their property in the same way as their private sector contemporaries. Now they were incentivised to respond to an administration that was not only prepared to cut their budgets but was introducing frameworks and legislation that encouraged them to innovate and pioneer a new generation of agile workplaces. In our first Insight Briefing, produced in partnership with Connection, we look at how these forces for change have catalysed a new approach and challenged the idea that innovation in workplace design and management is primarily the preserve of the private sector.

UK firms turn to flexible working and wellbeing to bridge productivity gap

UK firms turn to flexible working and wellbeing to bridge productivity gap 0

flexible working womanIt’s not just larger organisations and governments that are having to grapple with the UK’s persistent ‘productivity puzzle’ but also smaller businesses who are increasingly turning to flexible working and other people centric initiatives to address the problem. That is one of the main findings of a new report from trade association Group Risk Development (GRiD).  According to their survey, nearly a quarter of employers (23 percent) believe productivity is an issue facing their business.  According to the office for National Statistics (ONS) this is a common problem across the entire UK economy as output per hour is stubbornly around 20 percent below the average for all G7 economies. This is the widest gap ever recorded and, according to GRiD is driving employers to seek ways of addressing their own shortfall with flexible working and wellbeing initiatives as well as investment in new equipment and technology.

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What Shakespeare’s Henry V can teach us about flexible working

What Shakespeare’s Henry V can teach us about flexible working

Why are so many of us preoccupied with the status that having an office brings? They say it’s lonely at the top. Well, that loneliness often starts with the social exclusion of being in an office. Why would you not want to be in with the in-crowd, to be with your own team of people and the go-getters who are making a difference to your organisation? Why not be where the action is at the working coalface of your organisation? Stuck in your office, you can feel like a kid in the corner of the playground, wondering what the others are whispering about. Some of us want an office because we believe it shows our peers that we have made it; that we have reached the upper echelons of our corporate management structure and become an acknowledged achiever. We want an office so that we can preen to others, but that doesn’t automatically make for better managers, leaders or companies.

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