August 18, 2016

Economic slowdown curbs demand for office space in Dubai ⁰

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

There has been a reduction in demand for office space in Dubai over the past six months, as the ripple effect of the oil price collapse and the subsequent economic slowdown in the rest of the Gulf reverberates across the emirate’s commercial property market. As firms retrench staff and reconsider their future strategy in the wake of global economic challenges, decisions to acquire, expand or move office space have commonly been put on hold according to Cluttons’ latest Dubai Office Market Bulletin. This has resulted in an exaggeration of the seasonal summer slowdown throughout late Q2 and early Q3 2016. Cluttons’ research also highlights that, the general lack of rental growth is unlikely to change in the short-term. Across the market as a whole, rents are not expected to fall much further, particularly as they are at a point where they are considered to be fair market value and landlords appear unwilling to lease below a certain level.

August 17, 2016

The behaviour of managers is increasing workplace stress, claims study ⁰

by Mark Eltringham • News, Wellbeing, Workplace

Management behaviour is contributing to rising workplace stress levels with employees blaming their own bosses for adding to the pressures they feel, a new study of 1,200 people by MetLife claims. The study suggests that 69 percent of employees say that the behaviour of managers in their organisation has increased stress and that the rising stress is having a major impact on company performance. Around 45 percent of employees say that stress caused by management has led to staff in their organisation taking extended time off. This in turn increases costs and affects productivity as well as impacting other workers who take on an increased workload. Government data estimates that around 35 percent of all work-related ill-health is caused by stress and that stress accounts for 43 percent of all working days lost to ill-health – the equivalent of 9.9 million working days a year at an average of 23 days per case.

August 17, 2016

New Acas guidance issued on keeping UK workplaces cool ⁰

by Sara Bean • Environment, Facilities management, News, Wellbeing, Workplace

The Spanish Plume may have been blown off course – but given the fact that any British office becomes uncomfortable when we reach the heady heights of 20 degrees and over, it’s worth taking a look at new guidance on ways of keeping workplaces cool for employees during hot weather. The UK has no legal maximum workplace temperature but the Health and Safety Executive states that temperatures must be at a “reasonable” level, depending on the place of work and type of activity. Workplace experts Acas have launched their latest hot weather guidelines to help employers keep workplace temperatures down so staff can continue to work safely and productively. Its guidance also covers thorny areas such as suitable dress codes during warm weather – as the guide says; ’employers may choose to adopt a more casual or flexible approach to dress during hot weather days but this may depend on the type of the business’. There are three top tips from Acas.

August 16, 2016

Flexible working patterns may make us more susceptible to infection ⁰

by Mark Eltringham • Flexible working, Knowledge, News, Wellbeing

We are more susceptible to infection at certain times of the day as our body clock affects the ability of viruses to replicate and spread between cells, suggests new research from the University of Cambridge. The findings, published in the Proceedings of the National Academy of Sciences, may help to explain why people who work outside normal working hours are more prone to health problems, including infections and chronic disease. The time of day of infection can have a major influence on how susceptible we are to the disease, or at least on the viral replication, meaning that infection at the wrong time of day could cause a much more severe acute infection. According to the study, when a virus enters our body, it hijacks the machinery and resources in our cells to help it replicate and spread throughout the body. But, the resources our body has to fight infection fluctuate throughout the day, partly in response to our circadian rhythms – in effect, our body clock.

August 16, 2016

Women struggling to reach senior executive roles in top US firms ⁰

by Sara Bean • Comment, News, Workplace

Progress for women in reaching the executive ranks within the UK’s FTSE 100 is too slow and the picture is less than inspiring on the other side of the Atlantic. A new analysis by Korn Ferry of the top 1,000 US companies by revenue finds the percentage of women in most executive positions is dramatically lower than their male counterparts. Across the most prominent executive job titles and several industries (consumer, energy, financial, life sciences, industrial, technology) an average of less than one quarter (24 percent) of the top leaders are women. The most senior post is held by the smallest percentage of women, with only 5 percent serving as CEO; 12 percent of CFO’s (Chief Financial Officer) are women; and 19 percent of women holding the CIO (Chief Information Officer) role across all industries. The CHRO (Chief Human Resources Officer) role is the only one where there is gender parity, with 55 percent of CHROs across industries being women.

August 15, 2016

Brexit leads to ‘softening’ of employment market, claims CIPD survey ⁰

by Neil Franklin • News, Public Sector, Workplace

The UK’s decision to leave the EU has resulted in a softening in hiring intentions and businesses should invest in skills immediately, according to the latest CIPD/Adecco Group UK & Ireland Labour Market Outlook. The report is based on employer sentiment in the two weeks before and after the EU Referendum and claims that employers surveyed ahead of the vote were somewhat more optimistic about hiring intentions than those surveyed afterwards. It suggests that the proportion of employers expecting to increase staffing levels over the next three months dropped from 40 percent pre-Brexit to 36 percent following the vote. The net employment balance, based on the difference between the share of employers expanding their workforce and those reducing it, dropped from +21 pre-Brexit to +17 post-Brexit. However, the fall was significantly sharper among private sector employers, with the post-Brexit employment balance declining to +25 from +39.

August 15, 2016

UK commercial property prices fall during first full month after Brexit ⁰

by Mark Eltringham • Company news, News, Property

The first full month of market activity in the UK’s commercial property sector since the Brexit vote, saw its value fall by just under three percent, according to the latest data from real estate researchers MSCI in their monthly IPD real estate index. The value of the nationwide market fell by 2.8 percent over the month. Central London was particularly badly hit with values falling by 4.1 percent. The monthly report is sponsored by a number of the major players in the commercial property sector and is based on an analysis of every building in the MSCI database including currently occupied buildings and those in development and being refurbished. A report published earlier this month by Investment Property Forum found that while the overall value of the UK’s commercial property had hit record levels, the uncertainty surrounding the consequences of Brexit was of major concern for investors and occupiers.

August 11, 2016

Government regulations will help global BIM market to grow by a fifth ⁰

by Mark Eltringham • Architecture, News, Property, Technology

A new report from Allied Market Research claims that the worldwide market for Building Information Modelling will grow by over a fifth to hit $11.7 billion by 2022, driven primarily by legislation demanding that all construction work should apply BIM. The World Building Information Modelling (BIM) Market report, claims that its growth projections are based on increasing demand from the construction industry, in turn based on new government regulations mandating the use of BIM, a booming property sector in Asia and growing awareness of the benefits of BIM. Construction industries will continue to be the leading consumers of BIM, constituting nearly 63 percent of the global market by 2022. The report concludes that ‘BIM has emerged as an ideal alternative to traditional CAD software, owing to its suitability over a variety of operational issues such as cost management, handling raw data and information and alignment of processes’.

August 10, 2016

Low take up for shared parental leave raises questions over demand ⁰

by Sara Bean • Flexible working, Legal news, News, Workplace

New research questions how much demand exists in the UK for fathers to take shared parental leave. The first available figures reveals a low take-up of new rights to paid leave, as just 3,000 new parents took advantage of the system in the first three months of 2016 – one year on from its introduction. By contrast, approximately 52,000 fathers and 155,000 mothers took paternity and maternity leave in an equivalent time period in 2013/14. The figures were published as a result of a freedom of information request from law firm EMW who suggest that this shows that the new rules are being significantly under-utilised and policymakers need to give more consideration to what benefits future changes to employment law will actually deliver versus the impact on small businesses which have to implement them. The new Shared Parental Leave system allows parents to share paid time off between them, in place of (and at the same rate as) Statutory Maternity Pay.

August 10, 2016

Poor tech and long meetings remain key sources of workplace misery ⁰

by Neil Franklin • News, Technology, Wellbeing

Badly run and overrunning meetings remain amongst the main sources of workplace conflict and unhappiness, according to a study of 1,000 US employees from workplace software provider Eventboard. The main sources of this conflict appears to be the number of meetings that overrun and poor technology, claims the report. More than half (56 percent) of frontline employees spend 1-2 hours in meetings daily and three-quarters (75 percent) of senior and mid-management level employees spend 3-4 hours in meetings daily. The report also highlights the inadequate provision of workplace technology even though the tools people use are seen as essential for their happiness and productivity. More than half of respondents claim they have to supplement the technology they are given by their employer with their own devices, even though technology can be twice as important as other perks in terms of making people happy and productive.

August 9, 2016

UK and Australia lead the world in tech use for sustainable development ⁰

by Mark Eltringham • Environment, News, Wellbeing

A new report from the United Nations claims to identify the world’s leading nations in the use of the Internet to support sustainable development. The E-Government Survey 2016, assesses how e-government principles are applied to support the UN’s 15 year plan to use sustainable development to end poverty, boost growth and tackle climate change. The report highlights how the application of new technology can make government institutions more transparent, accountable and effective, encourage democratic participation, improve the delivery of services and allow policy makers to take account of the big picture when coming to decisions. The report claims that the UK government is setting worldwide standards for other countries to emulate. The model is replicated in Australia, Europe and New Zealand. South Korea was placed third and the report highlights successes in countries like Turkey and China, but states that many regions are not taking advantage of the opportunities offered them by the Internet.

August 9, 2016

Time to address ‘shocking disconnect’ between boardroom and staff pay ⁰

by Sara Bean • Comment, News, Workplace

As the new prime minister Theresa May has already indicated in her tenure, the growing gap between rewards for those at the top of organisations and everyone else is hard to justify at a time when economic uncertainty is intense and corporate performance mixed. So it’s shocking to learn that the average FTSE 100 CEO earns 129 times more than the firm’s employees, receiving around £5.5 million a year, up from £4.96 million in 2014. According to the annual survey of FTSE100 CEO remuneration packages by the High Pay Centre, rewards at the top continue to grow at a double digit rate, with the most highly paid being part of an all-boys club. No woman has made it into the top ten in either of the last two years. And in contrast to the generous packages awarded to their executives, only a quarter of the 100 FTSE 100 companies are accredited by the Living Wage Foundation for paying the living wage to all their UK-based staff.