Remote working may be doing some people more harm than good

Remote working may be doing some people more harm than good

by • Flexible working, News, Wellbeing

Remote working isn’t necessarily as ideal as we have grown to believe, according to a new survey which claims it may be doing more harm than good in some cases. The new research report from Citrix claims that remote working may actually hurt productivity and often makes employees feel disconnected, lonely, and not having access to all the right and necessary technology to get the work done on time, and in proper fashion. Out of 1,000 workers and 500 managerial-level employees in the UK who were polled for the report, 81 per cent said their companies do have more than one location where they can work. These locations differ in performance regarding technology, culture, resources and collaboration.

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Small changes could save UK businesses millions on wasted energy

Small changes could save UK businesses millions on wasted energy

by • Environment, Facilities management, News

commercial property innovationThe UK’s 5.7 million businesses are spending £29.1 billion on energy every year, and could be making significant reductions in its cost according to a study by printerland.co.uk. With Earth Day this Sunday, (April 22) the research claims that tiny tweaks to workplace routines could make a positive impact on the environment, whilst slashing companies’ electricity bills.

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Demand for commercial office space in London’s West End at highest level for six years

Demand for commercial office space in London’s West End at highest level for six years

by • Cities, Facilities management, News, Property

Nova development at VictoriaTake up of commercial office leases in London’s West End had its strongest start to the year since 2012, with the banking and finance sector continuing to actively seek space, new figures from CBRE have revealed. The amount of office space under offer on in Central London at the end of Q1 2018 stood at 3.2m sq ft, representing an increase of 6 percent on the previous quarter and showing a 3 percent increase on the same point last year. Take-up in Central London reached 2.8m sq ft in Q1 2018, with its largest deal boasting a 65,900 sq ft letting to WS Atkins at Nova North in Victoria. Availability in Central London increased by 7 percent to 14.3m sq ft but that is still below the total 12 months ago. A total of 1.1m sq ft of development and refurbishment space completed in Q1. A further 2.3m sq ft is expected to complete before the end of the year, of which 54 percent has already been committed to be leased. By the end of the quarter, 9.1m sq ft was being actively sought by occupiers, primarily from the banking and finance sector (26 percent) and creative industries sector (24 percent).

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Number of skyscrapers under construction in London tops 500 for first time

Number of skyscrapers under construction in London tops 500 for first time

by • News, Property

The number of skyscrapers being built in London has exceeded 500 for the first time, raising fears of further damage to the capital’s skyline. There are 510 towers of more than 20 storeys under construction or in the planning process, more than ever before. That is a rise of 12 per cent on a year ago, according to the annual report by GL Hearn, the property consultancy, and think tank New London Architecture. A record 115 towers are already under construction, up from 91 in 2016, but the number of applications is down by 10 per cent, according to the study.

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Business leaders struggling to keep up with demands of individuals and technological developments in the workplace

Business leaders struggling to keep up with demands of individuals and technological developments in the workplace

by • Flexible working, News, Technology, Workplace

Organisations are struggling to keep pace with workplace shifts including skills gaps, the development of artificial intelligence, the demands of employees and new social expectations, according to the latest Human Capital Trends report from Deloitte. In its 2018 edition, The Rise of the Social Enterprise, Deloitte focuses on the growing expectations of individuals and the pace at which technology is shaping organisations’ human capital priorities.

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Investment Association asks major employers to address lack of progress on gender diversity

Investment Association asks major employers to address lack of progress on gender diversity

by • News, Workplace

The investor lobbying group the Investment Association (IA) and the Hampton-Alexander Review have written to 35 FTSE 350 companies with low female representation at leadership level, calling for change. 14 companies in the FTSE 100 have been singled out in the letter. Companies in the FTSE 100 who have all-male Executive Committees, such as BP and Smurfit Kappa Group, and companies whose combined Executive Committees and Direct Reports have low proportions of women, such as Persimmon and TUI, have been asked to explain their poor gender balance and what steps they are taking to move towards the targets as set out in the Hampton-Alexander Review. The Investment Association and the Hampton-Alexander Review have also written to 11 companies in the FTSE 250 who have all-male Boards, including Sports Direct and Stobart Group, and 10 companies who chose not to report their gender diversity data to the Hampton-Alexander Review last year, including The AA, J D Wetherspoon and Wizz Air.

 

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Majority of staff say employers must do more to support their physical and mental wellbeing

Majority of staff say employers must do more to support their physical and mental wellbeing

by • Legal news, News, Wellbeing, Workplace

Majority of staff say employers should do more to support physical and mental wellbeingMore than half of working adults believe that UK businesses are not doing enough to support the physical and mental wellbeing of their employees. The vast majority (86 percent) believe that firms are specifically not doing enough to help employees deal with work-related stress, anxiety and other mental health issues. And with seven out of 10 of those surveyed by Westfield Health saying that the NHS does not have the budget to provide wellbeing services, such as health check-ups and cognitive behavioural therapy, almost three quarters agreed it would be a good idea for a portion of their National Insurance contributions to be redirected towards employee wellbeing programmes. More →

Robots will lead to increased productivity without stealing jobs, but wages will fall

Robots will lead to increased productivity without stealing jobs, but wages will fall

by • AI, News, Technology, Workplace

AI will take time to lead to higher productivity but it may also depress wagesRobots will not as feared steal people’s jobs and will eventually improve productivity, but they will undercut workers’ contribution sufficiently to depress their wages. According to the third report in Barclays Impact Series, titled Robots at the gate: Humans and technology at work, technology is fundamentally re-shaping the nature of work, and the implications of this re-shaping process will accelerate in coming decades. The report authored by Barclays’ Research team and supported by the Barclays Social Innovation Facility sets today’s technological advancements in the context of historical precedent and argues that robotics and Artificial Intelligence do not portend a jobless future. However, these new technologies have important macroeconomic consequences, such as wage disinflation, which will likely continue in the years or even decades to come. The report also argues that productivity spurts lag behind technological leaps, as it can take years or even decades for an economy to figure out how to best use a new technology. Eventually, economies of scale are reached, consumer behaviour adapts, companies refine their business models and productivity growth finally kicks in. More →

Older people want the same things from their job as millennials, major new study shows

Older people want the same things from their job as millennials, major new study shows

by • News, Workplace

This is a drum we’ve been banging for a long time along with a number of others, but a new study of half a million people proves what we should have known all along; people of different generations want broadly the same things from their workplaces, stereotypes are often wrong and any differences that do exist may well be explainable by the stages of their lives. The study of 500,000 people at 750 organisations in the US, Australia and Europe was conducted by employee feedback startup Culture Amp. It found that older workers are more likely to look for work where they can have a positive impact and workers want a job where they can develop personally and have confidence in leadership at all age levels. One of the significant differences between generations was that older workers are less likely than millennials to be looking for a new job at any one time.

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Artificial intelligence should have a clear ethical dimension, claims new government report

Artificial intelligence should have a clear ethical dimension, claims new government report

by • AI, News, Technology

While the UK is in a strong position to be a world leader in the development of artificial intelligence which would deliver a major boost to the economy, ethics should be at the heart of its development, according to a new report from the House of Lords. AI should never be given the “autonomous power to hurt, destroy or deceive” people, it adds. The Lords’ report called on the government to support businesses in the field. It also recommended that people be educated to work alongside AI in the jobs of the future. It said that such education would “mitigate the negative effects” on jobs which are possible as AI develops.

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Local authorities spend £3.8bn on commercial property in last five years

Local authorities spend £3.8bn on commercial property in last five years

by • News, Property, Public Sector

Local authorities have invested around £3.8 bn in commercial property over the last five years, a new study claims. The report (registration required) from property consultancy Carter Jonas and Revo claims that of the £3.8 bn invested, nearly half was spent on the acquisition of office space. It found that Spelthorne Borough Council in Surrey (pictured)  was the largest local authority investor committing £477.1 m to assets within its domain. This is more than double its nearest rival Warrington Borough Council (£219.5 m) and is largely down to the purchase of BP’s International Centre for Business & Technology in Sunbury for £360 m.

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Lack of effort by UK employers to retain staff is increasing talent turnover

Lack of effort by UK employers to retain staff is increasing talent turnover

by • Flexible working, News, Wellbeing, Workplace

Lack of effort by UK employers to retain staff is resulting in high talent turnover

UK employers are facing increasing levels of staff turnover with one in seven (14 percent), or roughly 4.5 million employees predicted to seek a new job in near future, according to research carried out by Robert Half UK. Employers have registered this shift with almost three in five (61 percent) reporting an increase in voluntary employee turnover in the last three years. The research also showed that over half (51 percent) expect employee turnover to increase in the next three years. Yet many businesses still fail to employ basic retention initiatives. Only half (47 percent) of organisations run training and development programmes to help build employees’ skills and support career development, while most don’t have any programmes in place to support employee wellbeing or reward performance. Organisations are also missing out on valuable insight from their departing employees, with more than four in five (83 percent) failing to undertake exit interviews.

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