Office costs continue to rise across the UK

Office costs continue to rise across the UK

office costs surveyLambert Smith Hampton (LSH) has released its latest Total Office Cost Survey (TOCS) which provides detailed information on office costs for over 50 UK locations. Across 54 surveyed locations, the survey shows the prime core of London’s West End remains by far the most expensive UK office location, with the annual cost for a new office in Mayfair standing at £18,988 per workstation. This stands at 139 percent above the UK average and 45 percent ahead of the next most expensive office location, the City of London. More →

Recognition is a more powerful motivator than pay, survey concludes

Recognition is a more powerful motivator than pay, survey concludes

Data from Engaging Works claims that recognition is a more powerful motivator than pay for employees. The data also suggests that a third of people feel they aren’t trusted to make decisions and have a poor relationship with their line manager. More →

Four day week not a good idea for UK, report concludes

Four day week not a good idea for UK, report concludes

four day weekThe debate about the introduction of a compulsory four day week or shorter hours may take a new turn following the publication of a new report commissioned by the Labour Party which concludes that a blanket limit on the hours worked by people in the UK is both unrealistic and potentially counter-productive, in spite of the fact that there is clear evidence for its effect on wellbeing and productivity. More →

Automation fear for workers not developing new skills

Automation fear for workers not developing new skills

A confident worker clearly has the right skills to adapt to automationOver half of workers believe automation will significantly change or make their job obsolete within the next ten years and three quarters would learn new skills or completely retrain to improve their future employability. Yet people given fewer opportunities to learn new digital skills are more fearful of the impact of automation, and are more likely to have lower levels of education. More →

People cannot focus for length of most meetings

People cannot focus for length of most meetings

An overwhelming majority (83 percent) of UK office employees are unable to concentrate in meetings for over 45 minutes, yet research from Sharp reveals that the average meeting lasts 49 minutes. This finding was supported by 55 percent of those surveyed, who claimed that work meetings are too long. This dissatisfaction appears to be caused by the difficulty in sustaining concentration in long meetings, with only 36 percent of UK employees indicating they are able to concentrate for a full 30 minutes. More →

Flexible working needs not met by employers

Flexible working needs not met by employers

Fewer than a third (32 percent) of UK workers are allowed to work remotely whenever they want, according to research from Capita which explores employee attitudes to remote/flexible working and the challenge employers face meeting their expectations of IT to do so.  ‘The State of IT – The Employee Verdict’ report (registration)  claims that almost three quarters of workers (71 percent) would like the option to work remotely, citing a better work-life balance (60 percent), reducing their transport costs (47 percent), and carbon footprint (35 percent) as their biggest drivers for doing so. More →

Start-ups slump as UK gears up for Brexit

Start-ups slump as UK gears up for Brexit

Brexit jigsaw missing start-upsThe number of new start-ups in the UK fell sharply last year and established firms scaled back their growth ambitions due to Brexit uncertainty, according to new data looking at the health of the grassroots economy. The findings have emerged from the Enterprise Research Centre’s UK Local Growth Dashboard report, an annual publication that looks at a range of metrics charting the growth of small to medium-sized enterprises (SMEs), which account for 99 percent of all firms in the UK. More →

Workers worldwide think they could outperform their own bosses

Workers worldwide think they could outperform their own bosses

manager and workersManagers should seriously consider giving their employees the reins for a day to test new research that indicates seven out of 10 employees worldwide (69 percent) say they can do their boss’s job better, despite nearly the same number of workers (71 percent) grading their boss’s competence a B or better.

The Global State of Managers research comes from The Workforce Institute at Kronos Incorporated and Future Workplace, which examined how nearly 3,000 employees in Australia, Canada, France, Germany, India, Mexico, the U.K., and the U.S. would grade their manager’s effectiveness across five factors: communication, competence, empowerment, professional development, and support.

According to the study, employees grade their managers high on competence but nearly fail them when it comes to work-life balance and job coaching. Overall, people feel managers are good at their jobs, with the majority of employees grading bosses an A or B for competence (71 percent) – the highest grade given – and work ethic (70 percent).

Bosses also received high marks (B or better) for their communication skills, people management skills, and ability to handle performance-related issues (all 67 percent). The older the employee, however, the more critical they are of their boss: Baby Boomers1 and Gen Xers grade managers more harshly with a C, D, or F for overall people management skills (37 percent and 38 percent, respectively). Worldwide, the employee-manager connection remains critically important: 70 percent of employees say their relationship with their manager is an extremely or very important factor when deciding to remain at their current job, with 22 percent agreeing it’s somewhat important. Millennial (79 percent) and Gen Z (73 percent) employees feel strongest about the importance of the manager relationship for retention compared with Gen X (66 percent) and Baby Boomer (62 percent) counterparts.

Other findings

  • Nearly seven out of 10 people think they can do their boss’s job more effectively.
  • While bosses worldwide are well regarded by their employees, these same employees think they could personally manage even more effectively, with younger Millennial (73 percent) and Gen Z (70 percent) employees most confident they could do better.
  • Based on grades given of a C, D, or F, at least one in three employees feel their manager could improve at modelling work-life balance (37 percent); their ability to coach for better job performance (37 percent); handling performance-related issues (33 percent); and communication (33 percent).
  • For overall people management skills, the majority of workers would “pass” their boss with an A (26 percent), B (37 percent), or C (25 percent); yet 4 percent of employees give a solid F for performance.
  • French, German, and U.K. managers graded worst for competence, while Indian and Mexican workers are happiest overall…with one big exception.
  • Indian employees are by far the most satisfied with their managers, with at least eight out of 10 grading managers an A or B in every category. Conversely, French, German, and U.K. workers are by far the most pessimistic about manager performance, as those countries ranked in the bottom three in every category surveyed
  • Most competent: India (87 percent); Australia (76 percent); Canada (75 percent); Mexico (75 percent); U.S. (71 percent); Germany (62 percent); U.K. (61 percent); and France (59 percent)
  • Best communicators: India (90 percent); Mexico (74 percent); Australia (68 percent); Canada (68 percent); U.S. (67 percent); Germany (59 percent); France (58 percent); and the U.K. (56 percent)
  • Hardest-working managers: India (81 percent); Australia (75 percent); U.S. (73 percent); Canada (72 percent); Mexico (70 percent); Germany (63 percent); U.K. (62 percent); and France (58 percent)
  • Best job coaches: India (83 percent); Mexico (70 percent); U.S. (64 percent); Australia (63 percent); Canada (61 percent); France (56 percent); Germany (55 percent); and the U.K. (51 percent)
  • Most adept at handling performance-related issues: India (86 percent); Mexico (73 percent); U.S. (70 percent); Australia (68 percent); Canada (66 percent); Germany (59 percent); U.K. (57 percent); and France (56 percent)
  • Role models for work-life balance: India (80 percent); Mexico (70 percent); Canada (65 percent); U.S. (65 percent); Australia (62 percent); France (55 percent); Germany (55 percent); and the U.K. (53 percent)

 

Differences by sector and nationality

Despite rating their managers No. 1 in all categories, 95 percent of Indian employees still say they could do their boss’s job better all of the time (47 percent) or some of the time (48 percent). This sentiment is followed by 87 percent of Mexican workers and 71 percent of French workers. Canada (61 percent) and U.S. (59 percent) workers feel the least confident that they could do their boss’s job better – yet it’s still more than half of all employees.

Managers in the technology industry are on top overall, scoring highest marks (A or B) in people management (81 percent), communication (75 percent), and modeling work-life balance (70 percent). Professional services managers (e.g. accountants, engineers, lawyers) rank second-best, with 70 percent of employees grading   them a B or better for people management and communication. Employees in the technology (77 percent) and finance (70 percent) sectors say they have a strong or very strong relationship with   their boss, followed by manufacturing (62 percent); education (61 percent); retail (61 percent); and professional services (61 percent).

There is room for managers to model better work-life balance in frontline industries – i.e. those who must be present to do   their jobs – with 53 percent of employees in federal government, 42 percent in healthcare, and 42 percent in retail giving their boss a C or   worse.

Regarding pure competence, managers are graded worst – C or lower – by public safety (44 percent); federal government (39 percent); transportation/distribution/logistics (35 percent); and healthcare (34 percent) employees. More than one in three employees give poor marks of a C or worse for their manager’s work ethic in federal government (37 percent); healthcare (34 percent); transportation/distribution/logistics (34 percent); and manufacturing (33 percent).

Image by Pixabay 

Office design hampers innovation claim workers

Office design hampers innovation claim workers

Nearly half of British employees (48 percent) don’t think the design of their workplace encourages innovation and creativity, an Oktra and YouGov survey claims. According to the report, 72 percent of employees would be more committed to or happier in a company if they felt inspired by its office design. More →

AI revolution means 120 million people need to reskill

AI revolution means 120 million people need to reskill

The AI revolution means a large number of people need to reskill soonAs many as 120 million workers in the world’s 12 largest economies may need to be retrained or reskilled over the next three years as a result of the advent of artificial intelligence (AI) and automation, according to a new IBM Institute for Business Value (IBV) study. It also suggests that only 41 percent of CEOs surveyed say that they have the people, skills and resources required to execute their business strategies.

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Legislation and trading conditions biggest worries for firms

Legislation and trading conditions biggest worries for firms

Legislation and a difficult economic climate are the biggest challenges facing start-ups in eight major business sectors according to a survey carried out by Safestore. The survey set out to establish the biggest concerns for biggest owners, their most fundamental goals, and what they believe to be the main reasons for a business failing. More →

Men and women make different job choices based on commute times

Men and women make different job choices based on commute times

Women who have an hour-long commute are nearly a third (29 per cent) more likely to leave their current job than if they had a 10-minute commute, according to data from the Office for National Statistics (ONS). The ONS concludes that this contributes to men doing the majority of higher paid jobs and that it’s likely women prefer short commutes because it allows them more flexibility for childcare and unpaid work. More →