Offices buck downward trend for UK commercial property market

Offices buck downward trend for UK commercial property market

by • News, Property

Capital values across UK Commercial property fell by -0.3 percent in February 2019, according to the latest CBRE Monthly Index. Rental values fell by -0.1 percent and total returns were 0.2 percent. However, for the thirteenth consecutive month the Office sector recorded positive capital values, rental values and total returns. February 2019 recorded capital value growth of 0.1 percent and total returns of 0.5 percent. Rental values increased marginally by 0.1 percent. West End & Midtown offices were the only submarket to record a fall in capital values (-0.1 percent). Outside of London, UK offices pulled up the sector average with capital value growth of 0.2 percent in February.

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Workers are pessimistic about employment prospects in post Brexit era

Workers are pessimistic about employment prospects in post Brexit era

by • News, Workplace

A new report from Personal Group claims that British workers increasingly concerned with Brexit’s potential impact on their employment. The data suggests that with just one month to go, more than a third (34.25 percent) of UK residents believe that Brexit would affect their current employment in a negative way, an increase of nearly 4 percent (+3.82 percent) when compared to survey results from 2018. Only a negligible 3 percent of respondents think that Brexit will positively affect their current employment.

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UK jobs boom set to end as finance and business sectors lose confidence

UK jobs boom set to end as finance and business sectors lose confidence

by • Cities, Facilities management, News, Workplace

The boom in the UK jobs market is coming to an end just as the Brexit countdown reaches its final stages. According to the latest ManpowerGroup Employment Outlook Survey, the national Outlook for the second quarter of 2019 has fallen to +4 percent, on a par with the weakest levels of confidence seen in recent years. More worryingly, the negative Outlook in the Business and Financial services sector – which employs nearly a fifth of all UK workers – suggests jobs are set to be lost in Britain’s most important sector. The report found that the Finance and Business Services sector has fallen five points to -1 percent, only the second time in the last decade it has been in negative territory.

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Northern English cities held back by lack of opportunities for low skilled workers

Northern English cities held back by lack of opportunities for low skilled workers

by • Cities, News

Despite higher living costs, southern English cities such as Oxford and Exeter lead the country in their ability to provide opportunities for people with low skills.  A new report from the Centre for Cities on low-skilled workers claims that employment opportunities are greater for people with fewer or no qualifications in southern English cities than those in the North or Midlands. The report Opportunity Knocks? claims that, despite higher living costs in cities in southern England, their stronger economies create significantly more jobs for people with fewer qualifications. (more…)

Many leaders lack the skills needed to manage in the digital age

Many leaders lack the skills needed to manage in the digital age

by • News, Technology

A study conducted by The Oxford Group (registration) claims that companies are struggling to adapt to a digital workplace as leaders lack the critical digital skills they need to transform the organisation. Whilst 96 percent of respondents said the onus is on leaders to drive the adoption of new technologies and 94 percent believe it’s important for leaders to challenge traditional ways of thinking, only a third (33 percent) of leaders feel well prepared to lead their business. Gaps in leaders’ digital skill-sets are having a major impact on their ability to transform; 41 percent say that a lack of digital expertise makes decision-making more difficult, and 30 percent say it has prevented their team from innovating.

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Construction and property firms call on Government to set binding environmental targets

Construction and property firms call on Government to set binding environmental targets

by • Environment, News

Twenty-three of the UK’s most influential built environment businesses have signed an open letter to the Chancellor of the Exchequer asking for the Environment Bill to provide the foundation for economic growth that is restorative and regenerative by design. In the letter, which was coordinated by UK Green Building Council in collaboration with GreenerUK, the signatories highlight the depletion of nature in the UK and call for a strong response to the challenge this presents. They urge the Government to use the upcoming Environment Bill to set legally binding targets for the achievement of environmental objectives – including tackling biodiversity loss, improving water and air quality and cutting down resource use and waste. (more…)

On International Woman’s Day – why advancing women is still not a business priority

On International Woman’s Day – why advancing women is still not a business priority

by • Comment, Legal news, News, Workplace

It has probably not escaped your notice that today is International Woman’s Day, which for Workplace Insight means a plethora of studies on the topic of women/jobs/salaries and ways women might work differently to men. We’ve decided not to waste anyone’s time and ignored most of them (particularly the patronizing ones on how ladies are so intuitive) but managed to find a few kernels of information. First, the good news that women have doubled their share of top jobs at technology companies, pulling in higher salaries than men last year, according to executive search firm Odgers Berndtson. (more…)

RICS and CIBRE to publish new book on diversity in the real estate sector

RICS and CIBRE to publish new book on diversity in the real estate sector

by • Company news, Facilities management, News, Property, Workplace

RICS and CIBRE to publish new guide to diversity in real estate sectorRICS and CBRE have announced the publication of a new book: Managing Diversity and Inclusion in the Real Estate Sector, which will be launched at MIPIM 2019 in Cannes. Co-authored by real estate veterans, Amanda Clack, Head of Strategic Advisory at CBRE and Judith Gabler, Acting Managing Director, Europe for RICS, the book places diversity and inclusion (D&I) at the centre of successful real estate and construction organisations. The book provides guidance to, and most importantly actions for professionals in the sector who want to make D&I an inherent part of the culture of their organisation. The book aims to educate the real estate sector about what D&I entails and how a D&I strategy can be implemented to secure future success. It presents a practical and easy-to-read guide that can help organisations and their leaders engage with and apply this agenda to win the war for talent in real estate and construction. It seeks to be about action not words and help those in the sector #BeTheChange.

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British Property Federation urges government to create coherent proptech strategy

British Property Federation urges government to create coherent proptech strategy

by • News, Property, Technology

The UK is well placed to capture the lead as a global hub for real estate technology and innovation a report from the British Property Federation claims. But the country needs to develop a joined-up proptech strategy and roadmap to remain competitive globally, according to the report published jointly by the British Property Federation and Liquid Real Estate Innovation. The LIQUID Report: Leading the Digital Transformation of Global Real Estate claims that the UK is already a leader in terms of its capacity for innovation, data infrastructure, market transparency and quality of education, but falls behind other countries in terms of venture capital investment and technology infrastructure.

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Firms must break bad habits if they want to improve relationship with employees

Firms must break bad habits if they want to improve relationship with employees

by • News, Workplace

To select, engage and retain the best talent, companies are going to have to break their entrenched bad habits, according to a new report from The Myers-Briggs Company. It claims that its Global Trends Report (registration) sets out how businesses can select the best employees, provide effective leadership and help their people to work together efficiently and harmoniously, despite a rapidly changing and increasingly complex business landscape.  (more…)

Public sector organisations continue to lead the way in flexible working, claims report

Public sector organisations continue to lead the way in flexible working, claims report

by • Flexible working, News

A new report published by Softworks (registration) claims that Public Sector organisations continue to lead the way in flexible working with an extensive range of flexible working options available to employees. The most popular flexible working option is part-time working with 94 percent of public sector organisations offering this. This was followed by flexitime with 88 percent of organisations allowing their staff to have flexible start and finish times.

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Flexible working means longer hours and different outcomes for fathers and mothers

Flexible working means longer hours and different outcomes for fathers and mothers

by • Flexible working, News, Wellbeing

cartoon of man working on laptop in open airFlexible working and especially the ability to work from home mean that people tend to work longer hours, a study published by the Hans Böckler Foundation in Germany claims. According to the study, working mothers and fathers make different uses of flexible working practices. While fathers spend substantially more time working, mothers work only a little more overtime, primarily because they are more likely to be balancing work with extra childcare duties. The report concludes that while flexible working should help to balance work and family life, in practice it can also reflect and cement traditional gender roles. The report calls for greater clarity and more onus on fathers to take a greater responsibility for childcare, although it notes that flexible working does not offer workers of either sex more free time. (more…)

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