September 3, 2017

Commercial property investment in central London hits ten year high, claims report

Commercial property investment in central London has seen its strongest trading in a decade, according to Savills. The real estate adviser claims that over £2.3bn was invested in central London commercial property in July, with total turnover for 2017 to the end of July reaching £11.5bn, a 24 percent increase on the same period last year. July was the strongest month recorded since March 2007 for the City as sales were boosted by the acquisition of 20 Fenchurch Street for almost £1.3bn to a Hong Kong-based property group.

September 1, 2017

New property scheme launched to cut the cost of empty space in NHS buildings

by Sara Bean • Facilities management, News, Property, Public Sector

New property scheme launched to cut the cost of empty space in NHS buildings A new scheme to help the NHS cut the costs of empty space in their buildings has been launched this week by NHS Property Services (NHSPS). Properties that qualify for the scheme must be deemed surplus to NHS requirements and may be re-let, disposed of or considered as a development opportunity. The new Vacant Space Handback Scheme comes in response to feedback from commissioners who want to reduce the cost of maintaining space that is no longer needed for clinical services. The cost of maintaining vacant space is kept as low as possible, though some costs are unavoidable where rent, business rates and some service charges remain payable. The total amount and cost of maintaining vacant space in the NHS is difficult to calculate, but costs are estimated to be in excess of £10 million a year on the NHS Property Services estate.

August 31, 2017

New data protection legislation will lead to increased demand for specialist staff

by Sara Bean • Legal news, News, Workplace

New data protection legislation – due to come into force next year will lead to a boost in recruitment, claims new research from Robert Half UK. Two-thirds (66 percent) of CIOs say they will hire additional, permanent employees to cope with the introduction of the EU’s General Data Protection Regulation (GDPR). The new data protection legislation will reshape the way organisations approach data privacy, providing the public with more visibility into data breaches. As organisations concentrate on compliance initiatives, demand for permanent project managers (33 percent), business analysts (26 percent) and data protection officers (26 percent) that oversee how data is processed, will increase. A further 64 percent of CIOs will hire temporary or interim staff to ensure they have the highly-skilled talent in place to manage the change in data management and reporting. The type of role that businesses are recruiting for with GDPR will vary according to company size. Overall, 16 percent of SMBs see GDPR as a concern, compared to 12 percent of large business. SMBs are more likely to hire project managers (32 percent) to help with compliance while larger organisations are placing a greater focus on recruiting data protection officers (33 percent).

August 30, 2017

British public continues to be wary of driverless cars

by Mark Eltringham • AI, News, Technology

The majority of British people (66 percent) would be uncomfortable travelling in a driverless car at 70mph, according to a new study by the Institution of Mechanical Engineers. The news follows last week’s announcement that the Government has awarded a contract to test platoons of driverless lorries on major British roads by the end of next year. According to the findings, younger people tend to be more accepting of the technology ? with 45 percent of 25-36 year olds saying they would be comfortable in a 70mph driverless car, compared to just 13 percent for 65-74 year olds and 8 percent for the over 75s. Women tended to be more cautious about the technology, with 72 percent saying they would be uncomfortable compared to 60 percent for men.

August 29, 2017

Standing at work may be linked to significantly increased risk of heart disease

by Mark Eltringham • News, Wellbeing, Workplace design

The simplistic idea that ‘sitting is the new smoking’ has taken a new hit with research published in the American Journal of Epidemiology. According to the study of 7,300 Canadian workers over a 12 year period, those who were primarily engaged in standing at work were twice as likely as those who primarily sit to suffer from heart disease during a 12-year period. The usual caveats apply with the study, but even after taking into account a wide range of personal, health and work factors, the study concludes that people who primarily stand for work are over twice as likely as people who primarily sit on the job to have a heart attack or congestive heart failure.

August 28, 2017

Mixed picture for European commercial property markets

by Mark Eltringham • News, Property

Investment in European commercial property fell during the first half of the year, despite the strong performance of key markets such as Germany, claims a new report from Knight Frank. Overall, commercial property investment stood at €43.3 billion for the second quarter of 2017 bringing transaction volumes for the first half of the year amounted to €90.3 billion, an 8 percent decrease year on year. According to the report, Germany has become the leading European investment destination for North American investors and the dominant location for intra-European cross border investment.

August 25, 2017

UK serviced office take-up more than doubles in first half of 2017

by Neil Franklin • News, Property

Serviced office take up across the UK has increased by 176 percent in the first half of 2017, reaching 1.07 million sq ft compared to the same period in 2016, which saw 386,750 sq ft acquired, according to real estate adviser Savills. The firm claims that while Central London saw a significant increase with take-up reaching 860,368 sq ft in the first six months, property markets outside the capital also saw substantial growth. Savills research shows that the M25 office market saw take-up by serviced office operators rise from 44,676 sq ft in the same period last year to 109,886 sq ft in the first half of 2017, while in the regional markets, serviced offices, including coworking spaces, accounted for 4 percent of overall office take-up in the first half of the year at 95,987 sq ft, compared to 41,568 sq ft during the same period in 2016.

August 25, 2017

Half of UK workers plan to leave their current job over the next year

by Sara Bean • Cities, Flexible working, News, Workplace

Fifty percent of full or part-time workers in the UK want to leave their current job in the next 12 months claims a new study conducted by Citation. London businesses will be the worst hit, with two thirds (64 percent) of workers in the capital planning on eyeing up other employers. Furthermore, those aged between 18 and 24 are most likely to jump ship (64 percent), and men are 10 percent more likely to leave than women. For two in five workers, it’s salaries that’s forcing them to look elsewhere – this is most likely to be the key driver for 18 to 34-year-olds. Better career prospects (22 percent), drab company cultures (16 percent), dislike of managers (11 percent) and loathing of their job (10 percent) were other reasons given for wanting to leave. With, according to a study by Oxford Economics the average cost of recruitment costing £30,000, UK business owners look set for a costly year ahead. More →

August 25, 2017

Trans employees are not given enough managerial support at work says Acas

by Sara Bean • Legal news, News, Wellbeing, Workplace

Poor awareness from employers about the challenges faced by trans employees can leave them feeling isolated at work, according to new research. A study commissioned by workplace experts Acas reveals that many employers are not up to speed with the law on gender reassignment discrimination, which protects some trans employees from unfair treatment at work; often it is left to the victims of transphobia themselves to inform their managers about the details of the Equalities Act 2010; and trans people not covered by the Act are even more at risk of being treated unfairly because employers have even less understanding of their experiences. Acas has published ndew guidance on gender reassignment discrimination which helps advise employers on how to manage their trans workers.

August 24, 2017

Too much information is leading to a communications overload for many employees

by Sara Bean • Flexible working, News, Technology, Wellbeing, Workplace

Employees are experiencing ‘communications overload’ as a result of their organisation’s attempts to keep them continually informed, a new survey claims. According to research by Clarizen, 81 percent of employers say despite taking steps to improve communication among employees, they still lack a way to keep projects on track and provide management oversight. This is because efforts to improve collaboration among employees by opening new lines of communication can have the opposite effect. Instead, employees suffer from the modern workplace malady known as ‘communication overload,’ a productivity-killing infirmity characterised by too many meaningless meetings and an excessive number of emails, notifications and alerts that are devoid of importance, context or urgency. A common challenge reported by a majority of respondents is that employees, departments and teams are spread across several sites, or team members work from home. 70 percent say they need to go beyond creating additional lines of communication, and facilitate better collaboration among employees so they can work together to meet objectives, coordinate activities and monitor progress.

August 24, 2017

UK workers waste over two hours a day on social media and other distractions

by Sara Bean • News, Technology, Workplace

UK workers spend just 3.7 days out of five doing office-related work, a new survey has claimed. According to research by Rebootonline.com – workers spend more than two hours a day procrastinating; including around three hours and five minutes of a working week on social media. In monetary terms this means companies are paying out on average £8,851.14 per employee for this time wasted annually. In the survey of UK office workers, it was discovered that on average, they were spending 122 minutes a day procrastinating; essentially, only working 73 percent of the hours they are employed to do. The annual income for office workers surveyed averaged at £32,782. Taking this into account, workers spend 27 percent of their time not doing the job they have been paid to, with companies paying out £8,851.14 per employee for this time wasted. The use of social media at work during office hours was the most popular form of internet usage; with 38 percent of office employees browsing social media sites more than any other website; with people spending 33 minutes’ daily surfing other websites.

August 23, 2017

Shared experiences and even team building exercises might actually make people happier

by Mark Eltringham • News, Wellbeing

A new study from the What Works Centre for Wellbeing, published in the Journal for Environmental and Public Health, claims that shared activities in workplaces can boost wellbeing and performance by improving their ‘social atmosphere’. The review of nearly 1,400 scientific papers and reports from across the globe led researchers from the Universities of East Anglia, Essex, Reading and Sheffield to conclude that team activities are effective at making us happier at work. All the successful examples they found shared common characteristics in that they involved everyone – including people who might be reluctant to interact in shared activities and involved more than a one-off activity and carried on over time. Examples ranged from as few as three one-hour workshops to a more extensive programme delivered over several years.