Firms growing concerned about increase in litigation

Firms growing concerned about increase in litigation

by • News, Workplace

 

Seven in ten (71 percent) UK businesses are concerned about rising business litigation, with nearly three quarters (72 percent) reporting an increase in cases brought against their companies over the past five years and three in five (60 percent) anticipating a further rise over the next 12 months, according to a new poll from insurance broker Gallagher. The multi-sector survey of 764 business leaders claims to have found an upsurge in litigation is being driven by a number of factors, notably the rising cost of living (47 percent), economic instability (36 percent) and a more litigious UK society generally (35 percent). More →

People don’t hear back from half of the jobs for which they apply

People don’t hear back from half of the jobs for which they apply

by • News, Workplace

British job seekers don’t hear back from almost half (45 percent) of the jobs they apply for, according to a new poll from Indeed. According to ONS data, there are 916,000 job vacancies in the UK, but with frustrations around the hiring process, these aren’t set to be filled quickly or effectively. The survey of 1,000 working people and 1,000 hiring professionals in the UK shows that the hiring process is inefficient for both job seekers and businesses, delaying the right candidate being matched with the right role. More →

Scale AI announces plans for new European headquarters in London

Scale AI announces plans for new European headquarters in London

by • AI, News, Property, Technology

 

Scale AI has selected London as the location for its first European headquarters, reinforcing the company’s mission to accelerate the development of AI globallyScale AI has selected London as the location for its first European headquarters, reinforcing the company’s mission to accelerate the development of AI globally. Scale’s United Kingdom (UK) office will serve as the centre of its operations in Europe. The firm is an artificial intelligence company headquartered in San Francisco in the US State of California. The company provides labelled data used to train AI applications. The firm was founded in 2016 by Alexandr Wang and Lucy Guo who had previously worked at Quora. More →

ORGATEC organisers turn their gaze to Middle East markets

ORGATEC organisers turn their gaze to Middle East markets

by • Events, News, Workplace design

Koelnmesse, the organisers of ORGATEC, and dmg events have signed a Memorandum of Understanding (MoU) to collaborate on developing trade exhibitions across the Middle East. The firms say this strategic partnership will ‘combine and leverage their respective brands, creating a dynamic synergy that promises innovative and impactful events’. Both see the Middle East as a growing and increasingly important opportunity. More →

Oxford rents poised to surge as office and lab space dwindles

Oxford rents poised to surge as office and lab space dwindles

by • News, Property

Oxford’s thriving science and technology sector is facing a potential hurdle: a critical shortage of office and laboratory space. According to a new report by property consultancy Vail Williams, this scarcity could send rents spiralling upwards in the coming year. The report paints a concerning picture. The city, it suggests, has just about enough Grade A office and lab space to meet demand from life sciences and biotech companies for the next year. This limited supply is a stark contrast to the high demand, particularly considering the strong take-up figures from last year, which saw around 420,000 square feet of lab space leased. More →

Commercial real estate lending hits ten year low

Commercial real estate lending hits ten year low

by • News, Property

New lending for commercial real estate fell 33 per cent last year to its lowest level since 2013, according to the latest bi-annual report from Bayes Business School, (formerly Cass). Researched and written by Dr Nicole Lux, Senior Research Fellow at Bayes Business School, City, University of London, the report also shows that a significant portion (42 per cent) of the £170 billion of loans outstanding will have to be refinanced within 12 months. Dr Lux expects that will cause ongoing stress in the market. More →

BCO London Awards winners focus on sustainability, wellbeing and user-friendliness

BCO London Awards winners focus on sustainability, wellbeing and user-friendliness

by • News, Property, Workplace design

The British Council for Offices Awards for London have gone to seven office buildings across the city. Held at the Park Plaza hotel, the BCO’s annual London Awards Lunch recognised projects that demonstrate best practice in office design, fit-out, operation and sustainability, setting the standard for excellence across the sector. More →

CIPD Festival of Work moves to London’s ExCeL for free, two-day event 

CIPD Festival of Work moves to London’s ExCeL for free, two-day event 

by • Events, News

The CIPD Festival of Work returns this June at a brand-new venue: the universally beloved ExCeL London.The CIPD Festival of Work returns this June at a brand-new venue: the universally beloved ExCeL London. The CIPD says the free, two-day event will be a jam-packed, interactive line-up that celebrates innovative ideas and discusses the dilemmas facing the world of work. The Festival will aim to bring together a wide range of exhibiters and over 150 international inspirational thought leaders and leading experts, across seven stages. They will be discussing a diverse range of topics that will ’empower everyone, no matter their profession or sector, to promote meaningful and positive change and create a better world of work’.  More →

Most firms lack the right tech for hybrid working

Most firms lack the right tech for hybrid working

by • Flexible working, News, Technology

A new poll from Ricoh Europe claims that the majority of organisations lack the technology to support flexible working, with only 30 percent of European employees saying they have all the technology to collaborate seamlessly when working with other colleagues. More →

Stress, unpaid overtime and other pressures taking a toll on people’s wellbeing

Stress, unpaid overtime and other pressures taking a toll on people’s wellbeing

by • News, Wellbeing

A new poll from leisure operator Better suggests that the UK population is working far beyond its contracted hours, and this is taking a toll on the health of the nation. Two-thirds of people surveyed say they regularly work unpaid overtime, on average an extra two hours per week, equating to 14 working days per year. One in ten (11 percent) of 45-54 yrs work more than five extra hours per week; that’s the equivalent of 35 days of unpaid work per year. Those working in the education and HR sectors undertake the most unpaid overtime; at an average of 15 days per year. More →

Commuting costs continue to put strain on office worker finances

Commuting costs continue to put strain on office worker finances

by • Flexible working, News, Wellbeing

UK employees are suffering higher cost-of-living expenses, especially due to transportation costs and tensions may rise as many companies enforce return-to-office policies. That is according to the latest study conducted by Capterra on 248 U.K. employees, the majority (69 percent) say their work-related costs have increased over the past 12 months, especially the price of groceries (95 percent), utilities (85 percent), eating out (78 percent), and petrol (63 percent). More →

US employee engagement plummets to lowest level in over a decade

US employee engagement plummets to lowest level in over a decade

by • News, Workplace

A report by Gallup claims that employee engagement in the U.S. has sunk to its lowest point in more than a decadeAmerican workplaces are facing a crisis of disengagement. A report by Gallup claims that employee engagement in the U.S. has sunk to its lowest point in more than a decade, marking a concerning trend with significant implications for businesses across the country. The study, which began tracking employee sentiment in 2023, identified a growing disconnect between workers and their employers. Employees reported feeling a lack of clarity in their roles, lower overall satisfaction with their organizations, and a weaker connection to their companies’ missions. They were also less likely to feel valued and supported by their colleagues and superiors. More →

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