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JLL survey claims occupiers and investors think voters will shun Brexit

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June 14, 2016

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JLL survey claims occupiers and investors think voters will shun Brexit ⁰

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by Mark Eltringham • News, Property

According to a new survey from JLL of top international corporate occupiers and UK-based investors into their business attitudes to the EU referendum, 80 percent held the view that the UK will vote to remain in the EU. The survey claims that investors are less fearful of impact of Brexit on their long term property strategies than corporate occupiers and that the London office market is viewed as the property sector that would be most impacted by a vote to leave. The survey also revealed attitudes of corporates and investors to future property market decisions in the event of a Brexit. 60 percent of the investors surveyed felt that there would be no changes to their property strategy in the short or long term as a result of a leave vote. Only 30 percent expect reduced allocations in UK property. Of the corporate occupiers surveyed, almost half foresaw they would need to review their UK business space in both the short or long term.

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Home workers happier, able to balance responsibilities despite long hours

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June 14, 2016

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Home workers happier, able to balance responsibilities despite long hours ⁰

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by Neil Franklin • Flexible working, News, Wellbeing

New research claims that home-based employees are choosing to work more hours than those who work in traditional offices. According to the study carried out by homeworking agency Sensée, despite opting to work more hours daily, home workers are generally happier because they’re empowered to choose the hours they work so they can still attend to family responsibilities. Three quarters of home workers (77 percent) stated that working from home enables them to achieve more, including caring for family members or friends and exercising more. Time and money saved on commuting – along with more control over their day – were cited among the top three benefits of working from home. The research also claims there is a desire to work from home among office-based employees. Three-fifths (81 percent) of office-based employees said they would take the opportunity to work from home either full time or part time to care for a family member or friend.

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UK leads the world in serviced offices and demand is set to rise

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June 14, 2016

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UK leads the world in serviced offices and demand is set to rise ⁰

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

The UK is the leading global serviced office sector, with the largest and most mature market, accounting for over a third (36 percent) of the worldwide serviced office footprint, according to a new report commissioned by serviced office group Office Space in Town. The UK serviced office market has grown by 31 percent since 2008, and it is projected to increase in value significantly by 2025, to £62 billion on conservative projections and £126bn on more optimistic forecasts. There are three key drivers behind its rise: increasing numbers of growth businesses, expansion of key sectors that use serviced offices and the trend towards more flexible working. There are sound economic and business behavioural reasons to believe this growth in demand for serviced offices will continue over the next decade. This, in part, will come from growth in small firms and business start-ups, which comprise a large share of current serviced office users.

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Culture change needed to stem senior female executive attrition rate

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June 13, 2016

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Culture change needed to stem senior female executive attrition rate ⁰

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

With less than 10 percent of FTSE 100 companies in this country having a female CEO, a cross party group of MPs from the Women and Equalities Select Committee have been enquiring into ways of increasing the significant under-representation of women at executive levels. The introduction of quotas and regulation has been suggested to address this lack of gender diversity. In its submission to the committee consultant’s Mercer argue that although measures such as quotas can have a visible impact in the short term, the most effective and sustainable way of getting women into senior and executive roles is by focusing on growing and developing a pipeline of female talent in an enabling and supportive environment, tailored to their unique skill-sets, financial, and health needs. Its recently launched study ‘When women thrive, businesses thrive’ shows that senior women leave at much higher rates than men, which supports our argument that the prevailing business culture doesn’t support working mothers.

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UK faces digital skills gap … but simply hiring Millennials won’t close it

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June 13, 2016

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UK faces digital skills gap … but simply hiring Millennials won’t close it ⁰

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by Mark Eltringham • News, Technology, Workplace

Although the UK remains a global tech leader, the country remains in the grip of a digital skills crisis which is holding back productivity and costs around £63 billion each year, according to a report published today by the Commons Science and Technology Committee. The report claims that 12.6 million UK adults lack even basic digital skills, and nearly half of these people (5.8 million) have never even used the internet. Meanwhile, a coincidental report published by Cisco claims that those organisations who apparently assume they can close the gap by merely employing so-called Millennials, will be disappointed because there’s no great correlation between age and confidence in using digital technology. The Digital Culture Clash report found the only meaningful correlations were between the type of work an individual does, their level of employment and their competence and confidence in using technology.

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Plans unveiled to double size of MediaCityUK over the next ten years

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June 10, 2016

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Plans unveiled to double size of MediaCityUK over the next ten years ⁰

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

MediaCityUK, best known as the new home of the BBC, is to double in size over the next decade under ambitious plans submitted to Salford City Council. Up to ten new buildings are envisaged with a development value of more than £1 billion. Key features of phase two of MediaCityUK include 50,000 m2 (540,000 sq ft) of offices, 1,800 apartments, retail and leisure, complemented by public spaces with a pedestrian promenade running through the scheme. Outline approval for the plans was granted in 2006. A condition of that permission was that detailed proposals, including all building designs and specifications, needed to be brought forward this year. The plans are expected to be considered by Salford’s planning panel in September. MediaCityUK is a joint venture between Peel Land and Property and Legal and General Capital, who share a long-term commitment to the further expansion of a creative and digital hub which already houses 250 businesses including the BBC, ITV, dock10, Ericsson and SIS.

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June 9, 2016

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Job seekers say telecommuting is most desired form of flexible work ⁰

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by Sara Bean • Flexible working, News, Workplace

According to research from Flexjobs, telecommuting has grown 103 percent since 2005 and approximately eighty to ninety percent of the workforce would like to telework at least part-time. Work-life balance (81 percent), family (56 percent), time savings (56 percent), and commute stress (48 percent) are the top reasons people seek flexible work arrangements. Millennials would put flexible working ahead of professional development training, company reputation and a sense of purpose when looking for a job. FlexJobs recently analysed the remote job listings of over 40,000 companies to determine which companies have been recruiting for the most telecommuting positions in recent months. Healthcare, technology and education were the most well-represented industries. The remote job listings at these companies are equally diverse, such as business analyst, product manager, developer, teacher, director of communications and market researcher.

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Employers urged to use sporting events to help engage employees

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June 9, 2016

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Employers urged to use sporting events to help engage employees ⁰

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

With the European Championships about to begin, employers are preparing themselves for the consequences. A new report from Robert Half reveals that three quarters (73 percent) of UK Human Resources (HR) directors believe their employees will call in sick or make an excuse for skipping work, the day after a major sporting event such as the UEFA EURO 2016, and more than a fifth (21 percent) considering it ‘very likely’. With England’s and Wales’ first midweek European Championship fixture on the 16th June, companies are likely to be anticipating a significant increase in the number of employees missing work on Friday 17th June as a result of ‘sporting sickies’. A large majority (88 percent) of HR executives believe there are benefits of using sporting events to engage employees. Many companies are seeing the cohesive benefits of coming together to enjoy a sporting spectacle and emotionally invest in the event.

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June 9, 2016

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Commercial real estate investment strong despite Brexit-related slowdown ⁰

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

Partly due to the uncertainty leading up to the EU referendum, employment intentions within Financial and Business Services (FBS) have slowed, but rental growth within the commercial property sector should remain healthy, particularly if the ‘remain’ vote prevails, the latest Real Estate investment forecasts from Colliers has revealed. Offices will continue to drive rental growth across the commercial property sector and it’s expected that rents will rise by 6.8 percent this year and average 3.9 percent in 2016-2020. Although it’s slowed a little, Central London will continue to attract demand and push the overall rate up, with a still strong growth of 8.4 percent in 2016. In addition, the artificial barriers between individual London ‘villages’ are increasingly breaking down, creating a fluid market for office occupiers in the capital, with more options for geographical relocations and expansions. This will continue to benefit the Rest of London, which is expected to see rents increase by 8.1 percent this year.

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Mayor of London moves to open up more office spaces for startups

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June 8, 2016

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Mayor of London moves to open up more office spaces for startups ⁰

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by Neil Franklin • Cities, Flexible working, News, Property

It is telling that one of the first issues to be addressed by incoming London Mayor Saddiq Khan is the problem the capital’s thriving startups have in simply finding a place to work. Although the measures outlined in the new London Plan are aimed primarily at addressing London’s housing crisis, they also include measures to deal with the reduction in the amount of viable office space available following the relaxation of planning rules which allow developers to more easily switch existing office stock to residential use. The costs of office space in London is a growing concern for all sectors, but falls especially hard on startups. According to a recent study by SpareOffice, even the use of coworking space is an issue, with average monthly fees of £357 per person. Now the mayor has announced that he will put new measures in place to help protect and expand office space for small businesses, start-ups and entrepreneurs in London.

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Cities must lead the way in cutting carbon emissions says IEA

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June 8, 2016

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Cities must lead the way in cutting carbon emissions says IEA ⁰

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

With urban areas accounting for up to two-thirds of the potential to reduce global carbon emissions, cities must take the lead in the transition to low-carbon energy, says the International Energy Agency (IEA) in its annual report. Offering long-term pathways that could limit the global temperature increase to no more than 2°C, in line with the goals set at the Paris climate conference (COP21) in December 2015, the report suggests that the most cost-effective approach involves deploying low-carbon options in cities, especially in emerging and developing economies. Because buildings provide useful space to self-generate the electricity they consume: by 2050, rooftop solar could technically meet one-third of electricity demand. Such buildings offer significant demand potential for the roll-out of the most efficient technologies, like energy-efficient windows and appliances. However, international collaboration is essential, claims the report.

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Britons now looking forward to a world of robots, chatbots and virtual reality

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June 8, 2016

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Britons now looking forward to a world of robots, chatbots and virtual reality ⁰

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

Contrary to the idea of the damaging effects of new technologies on jobs and cyber security as suggested in research published last week on the use of robots in the workplace, new research suggests that people in the UK are happy at the prospect a domestic droid or cyber assistant. The research by advertising agency J. Walter Thompson into the consumer market found that; 74 per cent agree that technology puts them in control; more than half (54 percent) are open to delegating some of their decision making; two thirds (64 percent) like the idea of using technology to get a better understanding of who they are as a person and 74 per cent say that they are more likely to buy a product that has been customized to their specifications. The study also found that half (54 percent) of the 4,500 people surveyed are open to delegating some of their decision making such as making appointments.