September 23, 2015

European commercial property markets set to hit eight year high ⁰

by Mark Eltringham • Cities, News, Property

Activity in Europe’s commercial property markets is at its highest level since 2007, according to a new report from Knight Frank. Transaction volumes hit €104.9 billion in the first half of 2015, an increase of nearly a third on the previous year, while investment for the whole of 2015 is forecast to exceed €230 billion. The study claims that these increases are being felt in local markets across Europe, with the two largest markets in the UK and Germany performing especially strongly, accounting for around a half of total investment. There were also major improvements in levels of investment Italy and Portugal as well as more activity in both Spain and Ireland (above). However, the report concedes that rental growth remain ‘patchy’ across the continent but forecasts that this will improve as pressure grows on the availability of space in major cities like Paris.

September 23, 2015

Commission welcomes appointment of new diversity champions ⁰

by Sara Bean • News, Public Sector, Workplace

The Equality and Human Rights Commission has welcomed the announcement of four new Whitehall diversity champions to help the Civil Service become more representative of modern Britain. In a National Audit Office report earlier this year, the NAO said that although Whitehall had made some progress on promoting diversity, it needed to place greater emphasis on departments’ valuing and maximising the contribution of every member of their staff. The report by the watchdog also concluded that the Cabinet Office was not using the data it holds on staff to manage workforce changes and hold departments to account. The new advisers, who include Paralympic swimming hero Chris Holmes, Director of Paralympic Integration for London 2012, will work to challenge policies and advise ministers and Civil Service leaders on increasing the numbers of people in the workforce from under-represented groups.

September 22, 2015

The worldwide demographic timebomb is transforming the workplace ⁰

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

There are a number of reasons why we shouldn’t be drawn into blindly accepting the narrative about Generation Y’s impact on the workplace. It seems the most important is also the least talked about. It is that the workforce is actually ageing in the world’s leading economies. While it may be true that 27 is middle -aged for employees at technology companies, for pretty much everybody else, shifting demographics, longer lives, improving health, falling pensions and changing personal preferences are likely to mean they stay in the workforce for longer. This is true in both the UK and US, where Millennials may make up the largest demographic grouping in the workplace but are still in a minority within an increasingly diverse workforce. The dynamics of these changes are playing out in different ways in different countries, but the forces are essentially universal.

September 22, 2015

Top employers for working families praised for flexible approach ⁰

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

The financial sector is well represented in this year’s annual list of Top Employers for Working Families as announced by charity Working Families. American Express, Barclays Bank, Citibank, Deloitte and Lloyds all made the list, while just two public sector organisations Ministry of Justice and Southdown Housing Association were in the top ten. Employers with up to 250 employees that reached the Small Employer’s Benchmark – ranged from law firm Sacker & Partners LLP to Bristol Students’ Union. To enter the awards, which are sponsored by Computershare, organisations must complete a benchmark survey which examines in detail their flexible and family friendly working policies and practices. As flexible working becomes embedded in more organisations, Working Families is calling on employers to ‘adopt a ‘flexible by default’ approach, to continue the rise in flexible working and help everyone to achieve a work life balance that works for them.’

September 21, 2015

Powering positive change theme for World Green Building Week 2015 ⁰

by Sara Bean • Environment, Events, Facilities management, News, Property

The theme of this year’s World Green Building Week which runs from 21–25 September is Powering Positive Change. The week brings together Green Building Councils from around the world to create a public conversation about the role buildings play in a sustainable future. Hundreds of events worldwide with the aim of demonstrating global diversity and a collective mission to create sustainable built environments. This is achieved through a variety of activities – including workshops and panel discussions, exhibits and building tours. There are over 30 events in the UK and you can view a calendar of them here. The flagship International Climate Negotiations 2015: Catalysing Action on Buildings will look forward to the international climate negotiations in Paris (COP), and the role which the construction and property sector can play in delivering carbon cuts and supporting national commitments.

September 21, 2015

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

by Mark Eltringham • Case studies, Facilities management, News, Property, Workplace design

The 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.

September 18, 2015

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

by Sara Bean • Comment, News, Wellbeing, Workplace

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.

September 17, 2015

Growth of on demand economy is transforming work and workplaces ⁰

by Mark Eltringham • Comment, Flexible working, News, Technology, Workplace design

Some 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.

September 16, 2015

UK pay rates predicted to overtake rest of Western Europe ⁰

by Sara Bean • News, Workplace

Latest 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.

September 16, 2015

Employees exhausted by a culture of continuous change at work ⁰

by Sara Bean • News, Workplace

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.

September 16, 2015

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

by Mark Eltringham • News, Wellbeing

The 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.

September 16, 2015

Updated environmental standard improves link to business strategy ⁰

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

The 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.