April 6, 2018

UK enjoys largest jump in productivity for a decade but challenges remain

Britain’s economy enjoyed uncharacteristically solid productivity growth in the last three months of 2017 to record its strongest six months in more than a decade, new official figures show. Economic output per hour worked rose by 0.7 percent in the fourth quarter of 2017 – above its long-run average though marginally less than estimated in February – and the third-quarter figure was revised up slightly to 1.0 percent. Together they show the strongest growth since the second half of 2005. British productivity has largely stagnated over the past decade and is commonly seen as a chronic challenge. Over the past 10 years Britain’s productivity growth has been the weakest since modern records began and appears to be the slowest since the early 1820s. Overall output per hour, a driver of living standards, is only 1.8 percent above the pre-financial crisis peak it reached at the end of 2007.

April 6, 2018

Quarter of people are ready to welcome robots as our new overlords

by Mark Eltringham • AI, News, Technology

Around a quarter of British people would happily replace MPs with robots, according to a study of 6,000 individuals from Reboot Digital Marketing and Mindshare. The surveys asked people whether they would prefer machines or humans in eight different occupations and scenarios. It found that when making car comparisons with the intention to eventually purchase, a significant percentage of Brits would want robots (60 percent) aiding them instead of humans (40 percent). Thereafter, Brits would be most inclined to accept music and film recommendations from artificial intelligence at 49 percent – though 51 percent would still opt to do so from other people. Even though most respondents (75 percent) would still prefer humans to be MP’s, 25 percent would elect robots to be in this position of power.

April 6, 2018

The UK’s incredible shrinking office phenomenon

by Neil Franklin • Cities, News, Property

Apparently prompted by the recent boom of so-called ‘micro-homes’ in Britain, commercial property firms Savoystewart.co.uk has set out to investigate whether the ‘micro-trend’ has also taken root in the office sector as well. The firm analysed office floorspace available relative to the number of active businesses in England and Wales from 2012 to 2016, finding that the office floorspace is shrinking both on regional and local levels. Results of the research, which is based on the latest GOV data on business floorspace from the Valuation Office Agency and official stats on business demography from ONS, revealed that the change in office floorspace available per business has been downward in all regions. The results reflect trends in the BCO’s specification guide

April 5, 2018

A vision of how the facilities management profession can embrace the modern workplace

by Mark Eltringham • Facilities management, News

Following its March announcement of a proposed name change to reflect a greater focus on workplace issues, the British Institute of Facilities Management has published a new report to explore the relationship between FM and a nascent workplace discipline. According to the authors, the purpose of the report is to ‘highlight the opportunities and challenges that workplace presents for FM by exploring the relationship between FM and workplace – and considering how this relationship could change in the future’. While the report acknowledges that facilities managers have always addressed workplace issues as a core element of their role, recent developments in the way people work and the way firms think about their workspace have led to a new emphasis on workplace as a discipline coupled with a sense that its core principles are subject to a number of misunderstandings.

April 4, 2018

Government announces details of new real estate agency

by Mark Eltringham • News, Property, Public Sector

The UK government has announced the creation of the Government Property Agency (GPA) which will aim to ‘improve the efficiency and effectiveness of the Government Estate and generate benefits of between £1.4 billion and £2.4 billion over the next ten years’. GPA’s initial portfolio of 80 properties will grow to over 1,000 as it takes on increasing responsibility for managing the general purpose central government real estate portfolio. This is intended to manage the government’s property portfolio strategically in order to realise the benefits that departments cannot achieve on their own. The GPA will partner with government departments to find innovative property solutions, and provide expertise to enable them to deliver wider business change more efficiently. More broadly, the GPA will also be an enabler for the delivery of Civil Service transformation, regional growth and the government’s vision to strengthen the Union.

April 3, 2018

Nearly half of large organisations will adopt artificial intelligence in the workplace by 2019

by Mark Eltringham • AI, News, Technology

Chatbots and voice assistants powered by artificial intelligence are starting to gain traction in the workplace of large organisations, according to a report from tech firm Spiceworks. The report, based on a survey of 500 IT professionals in organisations across North America and Europe, found that within the next 12 months, 40 percent of large businesses – those with more than 500 employees – expect to implement one or more intelligent assistants or AI chatbots on company-owned devices, compared to 25 percent of mid-size companies and 27 percent of small businesses. The findings indicate that although adoption is on the rise, some organisations are holding back due to a lack of use cases in the workplace and privacy concerns.

April 2, 2018

Combination of factors means UK faces severe workforce crisis by 2025

by Neil Franklin • News, Workplace

New projections published in Mercer’s Workforce Monitor predict that a perfect storm of falling net migration driven by Brexit and an ageing population, will lead to a severe shortage in the UK labour market. If these challenges are not met with immediate action by UK employers, they will face significant costs trying to attract workers with the leadership and skills they need to execute their business strategies. Mercer anticipates the UK workforce will increase by just 820,000, or 2.4 percent, by 2025, a significant reduction in recent trends that have seen 9 percent workforce growth in the 10 years to 2015. For the first time in half a century, the overall population will be increasing at a faster rate than the workforce, creating long term structural challenges for the economy.

March 30, 2018

UK remains a world leader in technological innovation

by Mark Eltringham • News, Technology

A new report from KPMG suggests that the UK is the third most dynamic global centre of innovation, disruption and technological development behind the US and China. KPMG’s 2018 Global Technology Innovation Report surveyed almost 800 global business executives to reveal the world’s top technology innovation hubs. Of those surveyed, 19 per cent named the UK as the third most promising market for tech breakthroughs behind China at 26 per cent and the US at 39 per cent.

March 30, 2018

Agile working driving structural change in New Zealand commercial property

by Mark Eltringham • Coworking, Flexible working, News, Property

Technological developments and agile working methodologies are driving significant, structural changes in the requirements for commercial property in New Zealand, according to new research from CBRE. One of these structural shifts is the rise in agile working, which has profound implications for the way office space is used. Unassigned seating is just one aspect of a truly agile business. Activity based working, third party space, coworking and flexibility around the way office space is used and leased are other real estate parts of a wider transformation into an agile organisation.

March 30, 2018

CIPD to co-chair Government’s flexible working task force

by Neil Franklin • Flexible working, News, Workplace

The CIPD has been invited to co-chair the UK Government’s new Flexible Working Task Force. The task force has been established by the Department for Business, Energy & Industrial Strategy to promote wider understanding and implementation of inclusive flexible work and working practices, bringing together policy-makers, employer groups, Unions and employee representative groups, research groups and professional bodies. More →

March 30, 2018

Employers should not write off older female workers quite so readily

by Neil Franklin • News, Wellbeing, Workplace

An ageing population and changes to the default state pension age mean employers need to better prepare for the needs of older women in the workplace, according to a study by Anglia Ruskin University published by the Chartered Institute of Personnel and Development (CIPD). With more and more women aged between 50 and 65 now employed, the research reviewed published literature to look into the experience of those workers and how their needs might change in the future.

March 29, 2018

With a year to go, occupiers are less concerned than they were about the impact of Brexit

by Mark Eltringham • News, Property

Occupiers are less concerned about Brexit than they were a year ago, according to a new CBRE research survey of over 100 major occupiers across Europe, most of whom have pan-European or global operations. By late 2017, the proportion of European occupiers worried about Brexit having a ‘very significant’ impact on their operations in the UK had dropped from 15 percent to 6 percent compared with a year earlier. The proportion of occupiers worried about Brexit having a ‘significant’ effect has also fallen, from 38 percent to 33 percent, meaning that the number of occupiers worried about negative impacts from Brexit has fallen in total from 53 percent to 39 percent. A year to the day on which Britain aims to exit from the EU, global real estate advisor CBRE has published an updated guide unpicking some of the key real estate impacts of Brexit.