New study highlights the key roles of real estate at UK’s top law firms

New study highlights the key roles of real estate at UK’s top law firms 0

Shoosmiths-4The UK’s top law firms are spending more on their real estate and allocating more space to staff, following years of reductions. Those are two of the key findings of a new report from The Lawyer magazine and property consultants JLL. Around  half of the UK’s Top 200 law firms shared detailed data with the study, which also incorporates publicly available information on transactions. The study also takes into account the links between real estate strategy and broader strategic, management and human resources issues. While the report says the amount of space dedicated to each lawyer has risen by 7 percent over the last two years and the costs of owning real estate have also risen markedly, it also describes how many firms are now actively using flexible working to reduce real estate costs.The report concludes with a speculative look at future trends, including the uptake of coworking space.

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Majority of workers go into the workplace when they should be off sick

Majority of workers go into the workplace when they should be off sick 0

Majority of workers go into the workplace when they should be off sick

Debates around presenteeism tend to revolve around staff checking their emails while on holiday, but another potentially more destructive behaviour is that of the worker who reckons they’re so indispensable they insist on coming into the workplace when they’re ill. In a recent survey, 89 percent of workers said they had gone into work when they were not well, which is why it is hardly surprising that almost three quarters (71 percent) of employees have reported catching an illness from a sick colleague. According to the research by Canada Life, almost a third (32 percent) said their workload was too great for them to take time off for illness, and 80 percent would not take time off for stress-related illnesses. Employees were also worried about being perceived as lazy (13 percent), inconsiderate (10 percent) and weak (10 percent) if they took time off for a short-term illness.

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Growth of on demand economy is transforming work and workplaces

Growth of on demand economy is transforming work and workplaces 0

On demand economySome of the key characteristics of the workplace of the near future are starting to crystallise pretty rapidly. In many ways, employees are aware of this to a greater extent than employers, legislators and politicians. For example, this week and over recent weeks Uber has been arguing in courts around the world that its drivers are not employees but are in fact self-employed. This is the shape of things to come. In the UK, around a fifth of the workforce is already freelance or self-employed, something which politicians like to misinterpret as small business, possibly  because it makes them look better because they associate it with entrepreneurialism and the prospects of these firms employing other people. The idea this is simply not the case is supported by a new report from software provider Intuit which claims that just 13 percent of British workers think they will be in traditional employment in 2025.

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UK pay rates predicted to overtake rest of Western Europe

UK pay rates predicted to overtake rest of Western Europe 0

UK economyLatest figures from the ONS show that after several years of pay rises at or below the level of inflation, the UK has seen average pay rates grow at the fastest rate since 2009. Unemployment rates are unchanged at 5.5 percent compared with February to April 2015 but lower than for a year earlier (6.2 percent). Comparing May to July 2015 to a year earlier, both total pay (including bonuses) and regular pay (excluding bonuses) for employees in Great Britain increased by 2.9 percent. According to the latest Salary Budget Planning Study from Towers Watson’s, this upward trend will continue, with British workers set to enjoy a boom in real-terms pay increases in 2015. The study, primarily covering private sector companies, shows that average UK pay rises of 3 percent, coupled with record low annual inflation of 0.2 percent, will outstrip those enjoyed by workers in all other major European economies.

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Employees exhausted by a culture of continuous change at work

Employees exhausted by a culture of continuous change at work 0

Employees exhausted by culture of continuous change at work A culture of continuous change may be standard practice within larger organisations, but it can have a negative effect on employees, a new report claims. The seven-country Liquid Change Survey of senior executives at large corporations, commissioned by Ketchum Change, found that some leaders are unaware of the effects of so-called change fatigue, despite their employees struggle to keep up. Among partners and board-level executives, only 28 percent think change fatigue is highly prevalent. The survey suggests that to succeed in an environment of continuous change, a more collaborative approach must replace the old top-downmodel. Outlining a clear strategy and goals (43 percent) and engaging with leaders across the organization to co-create the new environment (41 percent) were cited as the most effective ways to get leaders to believe in and actively lead through change.

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Many SMEs know how staff contribute to growth but still ignore their wellbeing

Many SMEs know how staff contribute to growth but still ignore their wellbeing 0

Wellbeing SMEThe owners and managers of British small businesses understand that employees are critical to their success but a surprisingly large proportion believe that their health and wellbeing is not something that should be a concern for the firm. That is the main claim of a new survey from healthcare provider Bupa. According to its study of 500 small business owners and directors, two thirds (63 percent) agree that employing the right people is critical to the growth of the business in its early stages. Yet, less than half (46 percent) believe employee health and wellbeing will play a key role in their future growth strategy. This is in spite of the fact that three quarters (76 percent) of SMEs who have had an employee take a long sickness absence reported a significant impact on the growth of their business. Meanwhile, nearly half (46 percent) believe even an early short-term absence would have had an adverse effect.

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Updated environmental standard improves link to business strategy

Updated environmental standard improves link to business strategy 0

Green chainThe revised version of one of the world’s most popular environmental standards aims to improve the link between business strategy and environmental issues and encourage a stronger focus on life-cycle thinking. the updated ISO 14001:2015 has responded to a number of current trends, such as an increasing recognition by companies of the need to factor in both external and internal elements that influence their impact, including climate volatility. Other key improvements in the new version include a greater commitment from leadership; an increased alignment with strategic direction; greater protection for the environment, with a focus on proactive initiatives; more effective communication, driven through a communications strategy and an increased emphasis on life-cycle thinking, considering each stage of a product or service, from development to end-of-life.

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Rapid growth in the number of offices converted to residential use

Rapid growth in the number of offices converted to residential use 0

office spaceThe 2013 introduction of new laws which allow greater scope for the conversion of UK offices to residential use is now beginning to have a major impact on the commercial property market, according to a new report from the British Council for Offices (BCO). According to the study, which focuses in particular detail on London and Bristol, more than 6 million sq. ft. of office space was converted to residential use  last year following the launch of Permitted Development Right (PDR). This is likely to increase dramatically over the next few years, especially in the capital. A report published last year by Lambert Smith Hampton claimed that there had been a huge leap in applications following the introduction of the new laws and the BCO study confirms the existence of pent up demand from the number of approved schemes yet to be implemented.

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Considerable minority of working women report gender discrimination

Considerable minority of working women report gender discrimination 0

Female equalityWhether the new Shadow Cabinet is or isn’t representative of women (there are no women in senior roles on the Labour front bench, but half of the total posts went to women) was a major talking point about the new Labour Party line-up yesterday. Meanwhile, on the other side of the Atlantic, despite numerous policy and cultural efforts in recent decades to break corporate glass ceilings, integrate women in traditionally male-dominated fields and shine a spotlight on pay equity and advancement, a considerable minority of working women report feeling they have been discriminated against at some point in their career. Gallup’s Work and Education survey found 17 percent of working women believed they had been denied a raise at work because of their gender and 12 percent of women say they have been passed over for a promotion or other opportunity because of their gender at some point in their life.

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Specific types of office design could be the source of conflict at work

Specific types of office design could be the source of conflict at work 0

boxing-glovesA new study from Swedish researchers suggests that the layout of offices not only affects how people respond to noise at work but may also be a source of conflict between co-workers. According to the study of more than 5,000 office workers, men and women are likely to react differently to specific types of office layout. Perhaps surprisingly, the researchers found that conflict is less commonplace in open plan offices than it is in workplaces that apply contemporary models of office design that offer workers a choice of how and where to work. They conclude this may be linked to the type of work associated with these particular layouts. The study also claims that women are more bothered by noise in these types of offices than men. According to the study, there was also a more readily discernible link between office type and workplace conflict for women than for men.

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London’s allure for Millennials is less than it was, claims report

London’s allure for Millennials is less than it was, claims report 0

MillennialsThe allure of London for Generation Y appears to be fading,  according to a new report from Lloyds Commercial Banking. According to the study of 200 Millennials and 400 SMEs, the most talked about Generation appears increasingly happy to work for a small firm, wherever they are located. The survey claims that relocating to London is not on the agenda for half (51 percent) of Millennials, who would be happy to move anywhere for the right job. Over a third (35 percent) don’t want to move away from home, while less than a tenth (eight percent) insist they will only work in the capital – which the report claims is good news for SMEs located outside of London (assuming they want to employ Millennials in the first place, obviously). According to the report, location ranked seventh on the list of factors that would attract Millennials to a business.

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New analysis claims to reveal resurgence of long hours culture

New analysis claims to reveal resurgence of long hours culture 0

long hours cultureThe Government is being urged to reassess its plans to request an opt-out from the EU Working Time Directive, when it seeks to renegotiate the terms of the UK’s membership of the EU. The Directive stipulates a 48 hour working week, which the Government has argued is stifling competitiveness and flexibility. According to research by the TUC, the number of people working excessive hours has risen by 15 per cent since 2010, following more than a decade of decline in long hours working, with the number of employees working more than 48 hours per week reaching 3,417,000 – up by 453,000 since 2010. The union says many people are working unpaid overtime and at least a million report that they want to cut their excessive hours. The return of the long hours culture makes people feel pressured to ‘opt-out’ from the 48 hour limit as a condition of employment as currently, individual opt-outs are allowed by law.

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