February 1, 2019

UK employees confident they will benefit from a ‘buyers’ market for talent

This year is set to be a ‘buyers’ market’ for the UK’s top professionals, as the nation’s war for talent intensifies. This is according to new research from Robert Half UK, which found that nearly a third (32 percent) of those surveyed believe their skillset will be more desirable over the coming months – even against the current economic and political climate – as the supply/demand imbalance of the UK’s top talent heightens. The current skills in demand include data analysis and digital skills, as well as softer skills such as adaptability, resilience and critical thinking to help complement the evolution of the workplace. (more…)

January 31, 2019

Third of employers now offer agile working and this is set to rise

by Sara Bean • Flexible working, News, Workplace

Just over a third of employers now have an agile working policy, claims Aon’s Benefits and Trends Survey 2019 (registration required), with 98 percent of respondents saying employees now expect more flexible working hours and 89 percent saying staff expect agile/home working to be available. While currently a third (36 percent) of employers have agile working policies in place, where business requirements allow, Aon expects this to increase in popularity. Almost one-third of respondents do not know how many requests have been made for flexible working, but among the rest of the respondents, it is common for around 20 percent of employees to make a request. (more…)

January 31, 2019

Political uncertainty continues to hold back UK commercial property market

by Neil Franklin • News, Property

The Q4 2018 RICS UK Commercial Property Market Survey results continue to display mixed fortunes with changing shopping habits and uncertainty around politics remaining strong influences. The retail sector, with declines driven by the structural shifts in consumer preferences, is in stark contrast to the strong performance of the industrial sector over the quarter. In Q4 all-sector occupier demand declined for the third consecutive quarter, as the net balance moved down to -13% from -9% previously. The headline reading continues to be weighed down by declines in demand across the retail sector (net balance -58%), although the Q4 results also point to a slight decline in demand for office space (net balance -9%). At the same time, demand continued to rise in the industrial sector, with a net balance of +21% of respondents noting an increase in demand over the period.

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January 31, 2019

Forty percent of UK businesses have experienced cyber security breach in past year

by Sara Bean • AI, Facilities management, News, Technology

Forty percent of UK businesses have experienced cyber security breach in past year Well over a third (40 percent) of UK businesses have experienced a cyber security breach or attack in the last 12 months, according to new government figures as it announces the UK is set to become a world leader in the race to eradicate some of the most damaging cyber security threats. The Business Secretary Greg Clark has promised that increased security and protections will be built into digital devices and online services with the help of up to £70 million in government investment through the Industrial Strategy Challenge Fund and backed by further investment from industry.

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January 30, 2019

Workers do not take week and a half of holiday allowance each year

by Neil Franklin • News, Wellbeing

The dreary January weather can prompt many workers to dream of sunnier climates and start booking their holidays for the year. However, a new survey by consultancy Lee Hecht Harrison Penna claims that UK workers are not using up all of their holiday allowance. By the end of last year, employees had more than a week (7.5 days) of annual leave they had not taken.

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January 30, 2019

Central London office investment last year reached highest level since 2014

by Sara Bean • Cities, Facilities management, News, Property

Investment in Central London offices totalled £5bn in the final quarter of 2018, bringing the year-end total to £17.6bn, a 10 percent rise from 2017 and the highest level since 2014, according to data from CBRE. The final quarter of 2018 saw a 16 percent quarterly rise in investment volumes compared to Q3 2018 and a 69 percent increase on Q4 2017. Over the course of the year, five deals over £500m transacted, including the £1bn sale of 5 Broadgate to CK Asset Holdings and the £1.3bn sale of leaseback of Goldman Sachs’ new European HQ. Whilst none of these larger transactions completed in the final quarter of 2018, Q4 was the most active of the year in terms of number of deals transacted. A total of 65 deals completed in the final quarter of 2018, highlighting the persistent demand for assets in Europe’s principal gateway city. The largest investment transaction in Q4 2018 was the £400m+ sale of 30 Gresham Street to Wing Tai and Manhattan Group from Samsung.

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January 30, 2019

Working mothers disproportionately more stressed, study claims

by Neil Franklin • Flexible working, News, Wellbeing

Biomarkers for chronic stress are 40 percent higher in women bringing up two children while working full-time than for women with no children, new research suggest. Working from home and other forms of flexible working have no effect on their level of chronic stress – only putting in fewer hours at work helps, says an article in the journal Sociology.

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January 29, 2019

Northern English cities bear brunt of government spending cuts

by Mark Eltringham • Cities, News

The UK’s cities, and especially those in the North of England have borne nearly three-quarters (74 percent) of all real-terms local government funding cuts in the last decade despite being home to just 54 percent of the population, according to Centre for Cities’ annual Cities Outlook 2019 report – the Centre’s annual health check on UK city economies. This is equivalent to a reduction of £386 per city dweller since 2009/10, compared to £172 per person living elsewhere. Cities Outlook 2019 reveals a clear geographical divide in where cuts to cities have fallen, with the top five worst affected cities all located in the North of England.

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January 29, 2019

Women in work report highlights importance of training and apprenticeships

by Neil Franklin • News, Workplace

Self-employed women, who earn an average of 16 per cent less than self-employed men, should be supported with greater training and development opportunities, a new report has said. The government should also remove any barriers preventing young women embarking on apprenticeships, according to the report published by the All Party Parliamentary Group (APPG) on Women and Work. The report, How to Recruit Women for the 21st Century, is the product of a year’s research by the APPG, which is jointly chaired by MPs Jess Phillips and Gillian Keegan.

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January 28, 2019

Majority of large UK firms to address climate change in annual reporting

by Mark Eltringham • Environment, News

Two-thirds (67 percent) of UK corporations will be disclosing climate change related risks and opportunities in their 2019 annual reporting, according to new figures released by the Carbon Trust. However, fewer than a quarter (23 percent) of companies are expecting to fully report in line with the recommendations of the G20 Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), released in June 2017. (more…)

January 28, 2019

UK leading the way in digital transformation strategy

by Mark Eltringham • News, Technology

IT consultancy Infosys has released new research, the Infosys Digital Radar 2019, which it claims reveals the digital transformation maturity of businesses around the world in 2018, and what it takes to navigate the next stage of their journey. Its main claim is that to become digitally advanced, organisations need to run multiple digital initiatives at scale at the same time. It suggests that organisations in the UK are now significantly ahead of the global average when it comes to their digital transformation, including countries like the United States and Germany.

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January 25, 2019

People who experience early redundancy have poor health in later life

by Mark Eltringham • News, Wellbeing

People who involuntarily lose their job early in their career have poorer health in later life, according to new findings from the University of Kent in the UK and the University of Bamberg in Germany. Researchers, including Dr Olena Nizalova from the Centre for Health Service Studies (CHSS) within the School of Social Policy, Sociology and Social Research (SSPSSR) at Kent, set out to establish what the long-term implications of enforced unemployment are on individuals over the course of their life, particularly in later life.