Brexit having a significant impact on London firms, but tech and media sectors growing

Brexit having a significant impact on London firms, but tech and media sectors growing

With the overwhelming majority of London businesses employing staff from the EU (88 percent), Brexit is having a significant impact on the capital’s companies, according to the latest CBI/CBRE London Business Survey. Just under three quarters of firms (73 percent) view uncertainty over the UK’s role in Europe as their top concern, whilst a similar number (69 percent) have developed, or are developing, a contingency plan for when the UK leaves the EU. Indeed, over a quarter of respondents (27 percent) indicated they are planning to move part of their operations overseas. Close to two thirds (62 percent) have, or are developing, a strategy to address skill shortages that could be incurred if restrictions are placed on EU nationals working in the UK. However, two thirds of the 271 respondents to the Survey (65 percent) said that the tech and creative sectors were the principal sectors for the capital’s economic growth over the next five years, followed by professional services (49 percent) and FinTech (47 percent).

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Not enough being done to tackle work-related ill-health, say business leaders

Almost half of Britain’s industry leaders do not feel enough is being done across industry to tackle cases of work-related ill-health, according to new research from the Health and Safety Executive (HSE). The research also found more than two-fifths of businesses are reporting a rise in cases of long-term ill-health with the majority (80 percent) stating tackling this growing problem is a priority within their organisation. This news comes as HSE figures show that work-related ill-health is costing the economy more than £9bn with 26 million working days being lost, making it a priority for HSE as the Government’s chief occupational health adviser.

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Employers unable to meet growing demand for flexible working, claims study

A growing number of employees are frustrated in their attempts to adopt flexible working by the inability of employers to offer it, a new study claims. Based on the survey of 3,001 British employees, recruitment firm Timewise and consultancy EY claims that fewer than a tenth of jobs offering more than £20,000 per year pro rata are advertised with a flexible working option. This puts employers at a disadvantage because around two fifths of people claim they would prefer some form of flexible working, according to the report Flexible Working: A Talent Imperative.

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London faces potentially large loss of office stock under office-to-residential conversion rights

London faces potentially large loss of office stock under office-to-residential conversion rights

A total of 13.3 million square feet of London office space could be lost to office-to-residential conversions carried out under new Permitted Development Rights introduced in 2013, according to new research published by the British Council for Offices (BCO). This figure comprises of 7.5 million ft² of office space in London which has already been converted to homes since the introduction of the rights, with a further 5.7 million ft² of conversions in the capital having approval. An average of 2 million ft²/year has been converted each year since the rights were introduced in 2013, or 0.7 percent of the total London office stock.

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New advice issued to small businesses on health and wellbeing in the workplace

Although the majority (60 percent) of the UK’s private sector workforce are employed by small businesses; advice and support for employers and individuals in supporting health and wellbeing at work has generally focused on large companies. This is the impetus behind a new campaign launched by The Federation of Small Businesses (FSB) which focuses on the wellbeing of small business owners and employees. Alongside Public Health England and other organisations, such as the mental health charity, Mind, FSB has also developed Wellbeing in Small Business: a short guide, which aims to provide ideas people can adopt to improve their health and wellbeing. It includes advice on how to start conversations about stress, mental health and wellbeing, tackling loneliness, managing flexible working arrangements, networking, fitness groups and improving the physical environment.

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Two thirds of employees feel pressured to work through lunch hour

Over two thirds of UK employees are working unpaid over lunches because of heavy workloads and manager expectations, according to a new survey from office supply firm Viking. Of the 1,500 office workers surveyed, many employees felt they were expected to work through breaks or wanted to look busy for managers and 38 percent simply said they had too much work to fit in to the day.  While 82 percent said they felt their current lunch break allowance was long enough, a worrying two thirds (67 percent) admitted to working through their lunch at least once a week. That number is even higher (80 percent) for 25-34-year olds. Around 14 percent of all respondents said they do so every day.

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Nearly half of UK workers lack the digital skills needed by most jobs, despite the rewards on offer

Nearly half of UK workers lack the digital skills needed by most jobs, despite the rewards on offer

Almost half (43 per cent) of UK adults don’t possess the digital skills required by most jobs, according to the latest Barclays Digital Development Index. The study of 6,000 adults and separate 88,000 job adverts, revealed that nearly two-thirds (63 per cent) of jobs now require basic digital skills such as word processing, database, spreadsheet or social media skills, but 57 percent of UK jobseekers can’t match them to a satisfactory level. This is in spite of the fact that employers are willing to pay a premium for those workers whose IT skills go beyond the basic to include more developed skills such as programming and software design. Staff with these skills can typically expect to command £10,000 more per year over their career. Skills in graphic design, data and 3D modelling can earn people an extra £3,000 per annum.

 

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Regional office property market benefits from growth in office based employment

Regional office property market benefits from growth in office based employment

GPU New Waverley offices in EdinburghStrong demand and a lack of supply is helping to boast the regional office rental market, according to Savills’ latest Regional Offices Market Watch. The firm anticipates that take-up will reach 9.8 million sq ft (910,450 sq m) by the end of 2017, a 4 percent increase on 2016 and 9 percent up on the 10 year average. This is due to a number of large Government Property Unit (GPU) deals completing in the second half of the year. As a result of strong demand, total availability across the UK fell by 1 percent to 30 million sq ft (2.787 million sq m) in the first half of the year, which equates to just 1.8 years worth of available Grade A supply. What’s more, Savills notes that office based employment across the regional cities is forecast to grow by up to 4.6 percent over the next five years, leading to a net additional 55,000 jobs, representing a need for a further 5 million sq ft (464,616 sq m) of office space.

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Millions of older workers fear poor health will shorten their working lives

Even though the age of the working population in the UM continues to rise, more than half of over fifties people have concerns around work and its impact on their health as they age, with women (61 percent) particularly worried about this. According to the study from Aviva, 13 percent intend never to stop work completely although only 14 percent of older workers say their workplace culture is positive towards them. According to Aviva’s latest Real Retirement study, 55 percent admit to fearing that work will become detrimental to their health or they might not be well enough to keep working, including 13 percent who say this is already an issue for them. Fewer than one in five (17 percent) over-50s workers say they have access to wellbeing advice and initiatives in the workplace which could help prevent health issues from impacting their careers.

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One in three line managers admit they would struggle to detect mental health issues

One in three line managers admit they would struggle to detect mental health issues

Over a third of line managers would struggle to detect mental health issuesA third of line managers have admitted they would struggle to identify mental health issues and a similar percentage wouldn’t know what to do if a team member had a mental health problem. This is according to new data from Bupa which argues that while mental health and wellbeing support in the workplace has significantly improved in recent years, and employer support is gaining attention with two in five managers being trained; line managers would still benefit from support and advice to identify mental health issues within their teams. These findings come at a time when NHS figures identify that almost a third of fit notes issued by GPs are for mental health problems – making it the most common reason for people to be signed off from work. Recognition of the role employer support plays in helping colleagues with mental health conditions is clear as two in five (41 percent) line managers have already received related training from their employer.  And conversations around mental health at work are being reframed as more than a third (35 percent) of employees feel more comfortable talking to their manager about their mental health than before.

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Over a third of UK office staff admit they would rather avoid working from home

Over a third of UK office staff admit they would rather avoid working from home

Over a third of UK office workers admit they would rather avoid working from home

The idea that the younger generation of workers would be big drivers behind a trend for home working is easily debunked as just another millennial myth. A sizeable number of people under 35 who struggle to buy or rent their own home would find the workplace much more appealing when faced with the prospect of working from cramped, often shared accommodation. Of nearly one-third (31.4 percent) of British office workers who avoid working from home, according to a survey by Crucial, those 45 years old and above have a significantly more positive view on the option than millennials (18- to 34-year-olds). While 40 percent of the 45 and above age group said nothing would keep them from working from home – only 11 percent of millennials felt the same way. The survey  of 2,000 British office workers found that the most common reasons UK workers avoid working from home are the lack of human interaction (21 percent), the inability to connect to their company’s IT system (21 percent), having their children at home (18 percent) and a slow or old home PC (18 percent).

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Ethnic minority leaders believe institutional prejudice still rife in UK workforce

The majority (82 percent) of ethnic minority leaders believe there is institutional prejudice against minorities in the workforce in the UK; and almost one in five (18 percent) of these leaders have personally experienced workplace discrimination in the last two years. A report from Green Park, ‘Changing the Face of Tomorrow’s Leaders:  Increasing Ethnic Minority Representation in Leadership’ claims that while 60 percent of ethnic minority leaders believe institutional racism has moved up the organisational agenda in recent months, two thirds of these respondents say the language is emotive and makes people uncomfortable.  When tackling the issue of racism many firms are struggling to find an appropriate dialogue and language.  When it comes to ethnic minority board level representation, just 2 percent of companies surveyed are meeting their identified targets.  Over a fifth (22 percent) of firms admitted being unaware of current progress towards diversity targets and 18 percent did not know there to start.  More than one in ten (13 percent) have a ethnic diversity target but no strategy, while 9 percent are simply replicating their gender diversity strategy.

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