May 12, 2016

Ageing and overweight workforce fuel rise in US disability claims ⁰

by Sara Bean • News, Wellbeing, Workplace

Overweight or obese workers and an ageing workforce mean that disability claims for joint disorders and musculoskeletal issues have increased significantly over the past ten years in the United States, according to data from Unum. Trends over the last decade show a 33 percent increase in long term disability claims and 14 percent increase in short term disability claims for musculoskeletal issues; with a 22 percent increase in long term disability claims and 26 percent increase in short term disability claims for joint disorders. “Two particular trends are driving this experience,” said Greg Breter, senior vice president of benefits at Unum. “Aging baby boomers are staying in the workforce longer, and more than a third of US adults are classified as overweight or obese.” The US Bureau of Labor Statistics estimates that by 2022, more than 30 percent of people ages 65-74 will still be working, up from 20 percent in 2002.

May 12, 2016

Third of those with mental ill health don’t tell anyone at work ⁰

by Sara Bean • Comment, News, Wellbeing, Workplace

As our story on levels of unreported stress in UK workplaces revealed yesterday, work is one of the greatest triggers for stress, depression and anxiety, which is why employers are constantly being reminded to look out for and address the causes of mental ill health. However, although it is often work that contributes to stress related problems, the stigma surrounding mental illness means too many people are reluctant to admit to struggling with mental ill health to managers or colleagues. A study commissioned by AXA PPP healthcare has revealed that a third of individuals (34 per cent) living with mental ill health who are in work say they are not open about their mental health condition in the workplace. Over half (52 per cent) of those living with mental ill health who didn’t seek support straightaway say this was because they didn’t want to admit that they needed it.

May 12, 2016

Office construction at highest level in London for eight years ⁰

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

Office construction in the Capital is at its highest level for eight years, according to Deloitte’s latest London Office Crane report, which measures the volume of office development taking place across central London. Recognising that the low supply of available office space across central London offers a limited choice for tenants, developers have responded by starting a record number of new schemes since the last survey. The latest results show that the volume of office construction has increased by 28 percent over the past six months to 14.2 million sq ft the highest level since the beginning of 2008. In just 18 months activity nearly doubled from 7.7 million sq ft in 2014. The financial sector has leased the largest share of office space under construction in the latest results, accounting for 2.3 million sq ft, or 39% of the let space while currently accounting for 38 percent of the space let, the TMT sector is a leading occupier group.

May 11, 2016

Central London office activity slows as EU uncertainty hits market ⁰

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

Given the level of uncertainty around June’s Referendum on the UK’s membership of the EU, the £11.9bn invested into commercial real estate during the first three months of 2016 appeared robust. However, 50 percent of Q1’s volume was in January, with the data from Lambert Smith Hampton showing that activity tapered off significantly in the following two months. Anecdotal evidence clearly linked the slowdown directly to the approaching vote. As a result there was a significant fall in activity, which translated into a very quiet quarter for Central London Offices, where volume halved quarter-on-quarter to £2.2bn, the lowest quarterly total since the last part of 2011. Given that financial services is widely regarded as the most exposed sector to a possible ‘Brexit’, this sector appears to have suffered most from investor caution.In marked contrast, investment in the rest of UK Offices has remained buoyant at £1.4bn, the highest quarterly total since the middle of 2007.

May 11, 2016

Work is most common cause of stress, anxiety and depression ⁰

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

Work pressures are the most common cause of stress in this country, with over a third (34 percent) of people in a poll saying it has contributed to mental health problems; while 20 percent say juggling a work/life balance also plays a major role in causing stress. Research from Aviva ahead of Mental Health Awareness Week (16-22 May) found that 12 million UK adults suffering from stress, anxiety or depression in the past year did not seek help, with many too embarrassed to do so. Stress (33 percent), anxiety (29 percent) and depression (23 percent) are the most common mental health conditions experienced in the past year, but of those who experienced stress, 55 percent did not seek support, while 48 percent did not seek help for anxiety. More people are taking action on depression, but around three in ten (29 percent) of those suffering with this in the last year still did not ask for support.

May 10, 2016

Alternate workplaces strategies explored as demand for US offices grows ⁰

by Sara Bean • Facilities management, Flexible working, News, Property

The US national office market recovery slowed slightly in the first quarter of 2016 amid some volatility within the financial markets. However, as the financial markets stabilised later in the quarter, office based job growth accelerated, likely signalling stronger tenant demand in the months ahead, according to a new report from CBRE. Tech and healthcare companies continue to drive growth, resulting in a scarcity of creative space in many cities. Meanwhile, energy-dominated markets slowed further due to sustained low oil prices. Many companies continued to seek space in vibrant downtown and suburban areas near public transport links in order to attract talent. A tightening supply within the Class A market has resulted in tenants exploring well-located Class B properties and creative space, with tenants across geographies and industries exploring alternate workplaces strategies to maximise efficiencies and collaboration.

May 9, 2016

Women not reaping full wellbeing benefits of flexible working ⁰

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

Working flexible hours is associated with lower job satisfaction among women, but greater satisfaction among men, a new study claims. The research explores the impact of flexible working on job, leisure and life satisfaction and suggests that women are not experiencing the full benefits. According to Dr Daniel Wheatley, lecturer in Economics at Nottingham Business School, Nottingham Trent University; the research suggests that while flexible working generates a number of benefits, working part-time or reduced hours has significant negative impacts on job satisfaction. He explains: “While some women are able to use reduced hours optimally, such as those working part-time following maternity leave, those using reduced hours for lengthier periods because of commitments such as childcare may feel trapped in ‘restrictive’ flexible employment. They may only be able to gain low skilled employment and may experience limitations in career progression.”

May 9, 2016

Public neither knows nor cares about the coming era of smart cities ⁰

by Mark Eltringham • Cities, News, Technology

The smart city is the poster child for the new era of immersive digital living, but the British public remains ‘clueless or indifferent’ about the nature of smart cities and what they will mean for their lives, according to a new report entitled: Smart Cities – Time to involve the people published by the Institution of Engineering and Technology. The report claims that only 18 per cent of the British public has heard of a ‘smart city’ and many are unaware that city-wide technologies could improve the quality of life in urban areas. One third of respondents were unable to select the correct definition of a smart city from a list of options. Eight per cent of respondents opted for “a city that has a higher than average proportion of universities and colleges and aims to attract the most intellectual”. And a further five per cent saw it as “a city that has a strict cleaning regime for its buildings, roads and public places”.

May 6, 2016

Management needs to improve opportunities for career progression ⁰

by Sara Bean • News, Workplace

Almost a quarter of employees (24 percent) are intending to move, as job satisfaction in the UK drops to its lowest level for over two years finds the latest CIPD/Halogen Employee Outlook report. The survey reveals that almost a fifth (23 percent) of employees believe their organisation’s performance management processes are unfair (an increase from 20 percent in Autumn 2015). Over a quarter (27 percent) are dissatisfied with the opportunity to develop their skills in their job and this is reflected in the number of employees who say they are unlikely to fulfil their career aspirations in their current organisation, which has also increased to 36 percent (32 percent in Autumn 2015). Opportunities for women in senior roles have slipped as well with separate research by the European Women on Boards (EWoB) showing that Britain has a below-average proportion of women on boards; falling from sixth to eighth place among 12 leading economies since 2011.

May 5, 2016

Pregnancy and maternity discrimination has risen over the past year ⁰

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

There has been a 25 percent rise in people seeking advice on pregnancy and maternity discrimination over the past year; new figures from Citizens Advice have revealed, and it has growing evidence that pregnant women and new mums have had their working hours cut, been put onto zero-hours contracts, pressured to return to work early from maternity leave and, in extreme cases, have been forced out of their jobs. New figures from the national charity also show there has been a 22 percent increase in people seeking online help, with the charity’s web advice viewed 22,000 times over the last 12 months. Between April 2015 and March 2016 almost 2,000 people turned to Citizens Advice for help with pregnancy and maternity discrimination, up from just over 1,500 in the previous 12 months. In 4 out of 5 cases people were also seeking help with problems at work, a third of which were about redundancy or dismissal.

May 4, 2016

Brexit debate having negligible effect on regional office market ⁰

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

Demand for office space in the UK regional office markets has remained strong for the first quarter of this year, despite uncertainties surrounding a potential Brexit. A total of 1,381,350 sq ft of office space was taken in the ‘Big 6’ regional cities in the Jan-April period, just marginally below the final quarter performance of 2015 but 27 percent higher than the five quarterly average, CBRE has revealed. The leading cities in terms of year-to-date take-up are Birmingham, Edinburgh and Glasgow, with total volumes of around the 285,000 sq ft mark in each of these three cities. All of these markets have substantially outperformed their five year quarterly average and have each supported a strong level of pre-letting activity. In the case of Glasgow, the volume for the beginning of 2016 has been twice the quarterly average. The strong start in this market is the result of Morgan Stanley signing a large pre-let for 154,814 sq ft at the first phase of Bothwell Exchange.

May 4, 2016

London firmly established as global leader in tech and media start ups ⁰

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

One new tech company has started every hour in London since 2012, which has firmly established the Capital as the global leader in tech and media start ups. According to property firm JLL, over the last five years, a massive 45,000 new tech businesses has been set up in London, with 98 percent of tech companies being start-ups and small businesses. There is migration from the West End to the City and the East, including ‘Silicon Roundabout’ in Old Street, but also new areas which are attracting technology and media companies. The growth of small business has also seen the average office footprint of T&M business fall over the last three years. JLL says for every one T&M company that moved out of Aldgate, Clerkenwell and Shoreditch over the last three years, two new tech and media companies moved in indicating the rapid consolidation of T&M business in the East.