November 19, 2015

Dubai office market shows signs of cooling down over the next year ⁰

by Sara Bean • Facilities management, News, Property

The Dubai office market is showing signs of cooling, following a strong growth period, with average rents remaining unchanged during the first three quarters of 2015 across all the city’s major submarkets and free zones. Clutton’s Winter 2015/16 Dubai Commercial Market Outlook report revealed prime, secondary and tertiary office rents stand at AED 250 psf, AED 130 psf and AED 70 psf, respectively. However, micro-markets, which are often as small as specific buildings, buck wider trends, such as Emirates Towers (AED 310 psf) and The Gate District (AED 225 psf). Banks, financial institutions, law firms, construction companies and technology-media-telecoms (TMT) firms are the most active occupiers, with the city’s free zones remaining the primary target. This is because the free zones continue to be dominated by multinational organisations, with take-up activity intrinsically linked to business performance in their home markets.

November 19, 2015

Stalled career progression could prompt rise in employee turnover ⁰

by Sara Bean • News, Workplace

A lack of career opportunities is resulting in more people leaving their job and this increase in employee turnover is costing organisations thousands in lost productivity, finds a CEB survey of more than 12,000 employees worldwide. Traditional, linear career paths where employees climb the corporate ladder one promotion at a time are a thing of the past, but the resulting flat organisational structures mean employees spend more time at each level – roughly three more years than in 2010. This stalled progression has caused 70 percent of employees to be dissatisfied with their opportunities, leading to greater turnover. Rather than encouraging an environment where promotions are the measure of career progression, companies should build growth-based cultures where moves across functions are not only planned but encouraged says CEB. Doing so not only improves engagement but also helps improve the bottom line.

November 18, 2015

Women earn less than men because they make different choices, report confirms ⁰

by Mark Eltringham • Comment, News, Workplace

In spite of its own attempts to link it to the gender pay gap a new report, Opportunities and outcomes in education and work: Gender effects, released yesterday by the UK Commission for Employment and Skills (UKCES), merely confirms that the key factors that determine how much people earn are the jobs they do and the hours they work. The report shows that male workers are paid on average 19 percent more than female workers. However, a report this year from the ONS confirmed that women now earn slightly more than men in like for like jobs up to the age of 35 and the UKCES report shows that it is career and personal choices that explain the gap in incomes across the whole economy. This confirms that the keys to closing the overall pay gap are for women to enter higher paying fields such as STEM and construction as well as employers offering flexible working arrangements and greater support for parents in their careers.

November 18, 2015

One in three high-earning and influential part time workers are men ⁰

by Sara Bean • Flexible working, News, Workplace

Three in four workers in Britain do not believe it is possible to have a successful part time career, yet new statistics by flexibility experts Timewise shows that there are now an estimated 680,000 workers who are working formally part time in the higher income bracket (earning a minimum of £40,000 full time equivalent). And of these, 230,000 are men and 450,000 are women. The figures were unveiled as part of the publication of the fourth Power Part Time List – in association with Management Today, which lists the UK’s top 50 men and women who work in senior, business-critical roles, all on less than full time hours. This includes a record number of men – 11 out of 50, including the highest number of male nominees since the list’s launch in 2012; including part-timers from businesses such as – Dixons Carphone plc, leading advertising agency AMV BBDO, famed architecture practice EPR Architects, the Bank of England and EY.

November 17, 2015

Best tall building in the world winner announced at Chicago event ⁰

by Neil Franklin • Architecture, Cities, Environment, News

The Council on Tall Buildings and Urban Habitat (CTBUH) Awards Jury has announced that Bosco Verticale, Milan, is the overall “2015 Best Tall Building Worldwide” at the 14th Annual CTBUH International Best Tall Building Awards Symposium, Ceremony & Dinner, held last week at the Illinois Institute of Technology, Chicago. In July, the CTBUH Awards Jury named a winner from each of the four competing regions in the world: Americas, Asia & Australasia, Europe, and Middle East & Africa. The Regional Winners were One World Trade Center, New York City, United States; CapitaGreen, Singapore; Bosco Verticale, Milan, Italy; Burj Mohammed Bin Rashid Tower, Abu Dhabi, United Arab Emirates. Although the overall winner was primarily a residential tower, offices were well represented in the regional winners thanks to the inclusion of One World Trade Center and Capita Green.

November 17, 2015

Employers get flexible as retirement age for baby boomers draws closer ⁰

by Sara Bean • Flexible working, News, Workplace

Nearly three quarters (74 percent) of finance directors are concerned that the skills gap resulting from widespread retirement of baby boomers will have a negative impact on their organisation over the next two years and an even higher proportion (77 percent) say that the departure of older workers will have a negative impact over the next five years. The new research from Robert Half UK reveals that UK employers are anticipating a significant skills gap when baby boomers retire over the next two to five years and are already taking steps to mitigate the risk. Baby boomers represent a bulge in the workforce that will soon be at retirement age so not only will employers need to consider the impact of the skills shortage that this mass-departure will create, but they will also have to accommodate different demands and expectations from younger Generation X and Y workers coming to replace them.

November 17, 2015

Office politics, heavy workloads and poor managers create anxious workers ⁰

by Sara Bean • News, Wellbeing, Workplace

A third (33 percent) of UK workers cite office politics as a major contributing factor to feelings of unhappiness in the workplace. According to new research from recruiter Adecco over half (57 percent) of workers name a heavy workload as the cause of stress and anxiety, whilst 33 percent cite a lack of managerial support. The research revealed that negative feelings are having a significant impact on people’s working lives with nearly a third (29 percent) of UK workers spending every Sunday dreading the coming working week. A third (33 percent) of workers described their workplace as unhappy and a worrying 28 percent of workers admit that they fear going into work so much that they have called in sick. An additional third (36 percent) would now consider leaving their employer due to such severe anxiety and more worryingly, one in ten (9%) have already taken that step due to such overwhelming feelings of unhappiness.

November 16, 2015

People and businesses remain unprepared for next wave of technology ⁰

by Mark Eltringham • News, Technology, Workplace

The attitudes of businesses, public sector employers and people to the next wave of technological change remains a tangled and sometimes conflicting mishmash of fear, uncertainty and indifference according to three new reports. According to a new study published by Vodafone and YouGov, while businesses are aware of their need to keep pace with technological developments, around half doubt they will be able to keep up over the next five years. Meanwhile, a study from marketing technology firm Rocket Fuel claims that British people are broadly aware what is meant by artificial intelligence and many feel it will have a positive impact on their lives, especially millennials. However, another study from jobsite Indeed claims that a fifth of young people are unaware of the idea of automation and its potential impact on the jobs market and around half don’t even consider it when making their career choices.

November 16, 2015

Some good and bad news about the Government’s real estate strategy ⁰

by Mark Eltringham • Facilities management, News, Public Sector

Two key themes have shaped the current UK Government’s attitude to its real estate and other resources since it came to office in 2010 and embarked on a programme of austerity. They are the twin desires to ‘cut waste’ and ‘do more with less’. These are not easy tricks to pull off, as a new report from the Institute for Government suggests. Published ahead of the upcoming Spending Review, the study sees the Government’s main challenge being how best to match its commitments with its resources. Two of the main ideas discussed are the rolling out of more digital services and what the paper calls institutional reform, which it suggests includes the loss of another 100,000 public sector jobs over the next five years. But as two news reports published over the weekend suggest, this kind of change can sometimes create more problems than it solves when it comes to Government property.

November 15, 2015

Acas analysis for anti-bullying week reveals workplace bullying is on the rise ⁰

by Sara Bean • Legal news, News, Wellbeing, Workplace

Workplace bullying is on the rise but many people are too afraid to talk about it according to a new study by Acas published to mark the beginning of anti-bullying week. The paper Seeking better solutions: tackling bullying and ill-treatment in Britain’s workplaces looks at the latest research on workplace bullying as well as calls to the Acas helpline. The analysis claims that bullying and ill-treatment is growing in Britain; and there are more incidents of bullying within certain groups such as public sector minority ethnic workers; women in traditionally male-dominated occupations; workers with disabilities or long-term health problems; lesbian, gay and bisexual and transgender people; and workers in health care. The helpline has received around 20,000 calls over the past year with some callers reporting that bullying caused them to self-harm or consider suicide.

November 13, 2015

Study claims the Internet of Things will connect 6.4 billion objects next year ⁰

by Mark Eltringham • Facilities management, News, Technology

According to a new report from technology research organisation Gartner, 6.4 billion connected things will be in use worldwide in 2016, up around a third (30 percent) from 2015, and will reach 20.8 billion by 2020. The study claims that in 2016, 5.5 million new things will become connected each day. Gartner estimates that the Internet of Things (IoT) will support total services spending globally of around US$235 billion in 2016, up nearly a quarter (22 percent) from 2015. Although the report claims that the technology will make significant inroads in consumer markets, services are dominated by the professional category defined by Gartner (in which businesses contract with external providers in order to design, install and operate IoT systems). However connectivity services (through communications service providers) and consumer services will grow at a faster pace, according to the report.

November 13, 2015

Remote workers endure poor communications and working practices ⁰

by Sara Bean • Flexible working, News, Workplace

Poor communication and working practices among remote teams is widespread, a new report by the Institute of Leadership & Management (ILM) claims. Organisations are failing to capitalise on the potential for remote working to improve performance and efficiency with 88 percent of remote workers struggling with inconsistent working practices and miscommunication, while 83 percent feel overwhelmed by emails. Although 84 percent of remote workers report improvements to their work-life balance, a lack of team identity can cause isolation and loneliness. The study with over 1,000 remote workers highlighted a range of potential benefits for organisations with a remote or geographically-dispersed workforce, including increased business reach, improved productivity, cost and time savings, and access to a more diverse set of skills and experience.