Millennials now account for largest percentage of American workforce

Millennials now account for largest percentage of American workforce

Glued-to-the-deskThe publication this week of a survey by EY revealed the uncomfortable fact for US employers that 38 percent of millennials would consider moving to another country for better parental leave benefits. Now, another piece of research illustrates why US employers may need to work harder to keep their millennials (adults ages 18 to 34) happy. They now make up more than one-in-three of workers, surpassing Generation X to become the largest group in the US workforce, according to new Pew Research Center analysis of US Census Bureau data. This milestone was reached in the first quarter of 2015, as the millennial workforce hit over 53 million. With its large proportion of immigrants, and at an age of transition from college to working world, the millennial workforce is likely to grow even further.

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Commuting costs the UK £148 billion annually, claims new report

Commuting costs the UK £148 billion annually, claims new report

CommutingIn spite of the growth of flexible working in the UK, commuting to an office each day costs British workers and the national economy some £148 billion annually. That is the key finding of a new report from recruitment firm Randstad. The study claims that an average commute for staff in the UK covers around 22 miles, taking around 43 minutes. The report claims that the time spent commuting continues to increase as people move further away from their main place of work, especially in the South East and North West of England. London workers – unsurprisingly – spend more than anybody else on commuting. There are also major differences across sectors with the workers in financial services, accountancy and IT industries subject to the most costly commutes.

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One third of global workers are finding work-life balance unattainable

One third of global workers are finding work-life balance unattainable

One third of workers worldwide finding it work-life balance unattainableManaging work-life balance has become more difficult for a third of workers over the last five years, with Millennials most affected. After competitive pay and benefits, nearly three quarters of people questioned in a global poll (74%) felt that being able to work flexibly and still be on track for promotion, and working with colleagues who supported flexibly were the most important considerations when choosing a job. In the countries covered in the research from EY, German and Japanese workers find it hardest to create work-life balance. Globally, around half (46%) of managers are working more than 40 hour weeks and four in 10 say their hours have increased over the past five years. Nearly half of Millennials (47%) report an increase in hours compared to 38 percent for Gen X and 28 percent for Boomers.

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National prevention strategy called for to help workers with mental ill health

National prevention strategy called for to help workers with mental ill health

Mental health awareness weekNearly half (46%) of workers struggle to switch off from work, a new survey has revealed. The survey by YouGov of over 2,000 British adults, commissioned by the Mental Health Foundation to mark the beginning of Mental Health Awareness Week (11 – 17 May) reports many people always or often feeling stressed (29%), anxious (24%) and depressed (17%). With the survey showing nearly two thirds of people (65%)  likely to take part in activities that reduce stress, the Mental Health Foundation is calling for a national prevention strategy to reduce the risk of problems and for mindfulness to be more widely practised. Mindfulness Based Cognitive Therapy is recommended by the National Institute of Health and Care Excellence (NICE) and endorsed in the Chief Medical Officer’s Mental Health report, for reducing the risk of depression.

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Nearly a third of Brits would rather lose a finger than their broadband connection

Nearly a third of Brits would rather lose a finger than their broadband connection

Publication1According to a report by technology comparison website Cable.co.uk, nearly a third of British people say they would rather live without one of their fingers than without access to the internet and a further quarter couldn’t choose between the two. According to the study of 2,500 British residents, when asked if they had to live their life without either one of their fingers (the report doesn’t say which, although that would surely make a difference) or their internet connection which would they choose, one in three (29 percent) said they would rather lose a finger, while a further 25 percent claim they couldn’t decide between the two. They’re not alone in believing in the indispensability of broadband. In February, a House of Lords committee recommended reclassifying broadband as a public utility.

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Big Data set to transform facilities management, claims report

Big Data set to transform facilities management, claims report

Big DataA new report available at www.researchandmarkets.com claims that the facilities management sector is set to become one of the main beneficiaries of Big Data Analytics, despite the fact that it is ‘not traditionally known as a high-tech industry’. The authors of the report, Big Data Analytics in Facilities Management claim that Big Data analytics (BDA) is ‘a powerful driver for change in business and operational models to enable better informed, smarter, and faster decisions…and leaders of integrated facilities management are at the forefront of exploring trends, technologies, and wider opportunities in pursuit of greater business value. The report mentions firms such Accenture, Google, Microsoft and Planon to show the impact of Big Data on intelligent facilities management.

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How the US judiciary is slashing costs with effective facilities management

How the US judiciary is slashing costs with effective facilities management

Facilities management in legal systemIt’s not just the UK public sector that is looking to achieve major restrictions in its expenditure on property through the use of technology, shared space and more efficient facilities management practices. According to a report from the Judicial Conference of the United States, organisations in the nationwide US judiciary have achieved significant savings with an ‘aggressive space and rent reduction initiative’. The judicial branch across the nation claims to have achieved nearly 30 percent of its target of reducing building space by 3 percent over the next three years. Federal courts are reducing space by ‘closing or downsizing facilities; closing, reducing, or finding different uses for circuit libraries; releasing under-utilised space; and using technology and mobility to share space when possible’.

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The death of the office has been overstated but it is changing, study confirms

The death of the office has been overstated but it is changing, study confirms

Death of the officeThe implications for the property industry of more efficient space planning models and the uptake of flexible working are laid bare in a new report from planning and design consultancy Nathaniel, Lichfield and Partners (NLP). The headline figure from the report, Workspace Futures: The changing dynamics of office locations is that the office stock in England and Wales rose by 17 percent in the twelve years to 2012 while the numbers of office based staff increased by around 21 percent. The report includes details on how these trends affect 11 key locations including Manchester, Cambridge, Bristol, Newcastle and Reading and concludes that while ‘the death of the office has been largely overstated’, the market is undergoing structural changes that need to be addressed by developers and government.

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Cautious welcome by IoD to plans for a Digital Single Market across Europe

Cautious welcome by IoD to plans for a Digital Single Market across Europe

Cautious welcome by business leaders to announcement of a Digital Single MarketThe Institute of Directors has given a cautious welcome to the plans announced by the European Commission this week to create a Digital Single Market across Europe. At present, online barriers means businesses are not fully benefitting from digital tools; there is less opportunity for cross border selling and Internet companies and start-ups are unable to take full advantage of growth opportunities online. The aim of the Digital Single Market is to remove regulatory walls and eventually move from 28 national markets to a single one. According to the European Commission, a fully functional Digital Single Market could contribute €415 billion per year to the economy and create hundreds of thousands of new jobs.

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Learning needs to be linked to overall business strategies says the CIPD

Learning needs to be linked to overall business strategies says the CIPD

Learning needs to be linked to overall business strategies says the CIPDThe CIPD has warned that Learning and Development (L&D) professionals need to link learning more directly to their organisation’s business strategies. This follows the results of its annual L&D survey which found that by limiting their focus to learner and manager feedback, just 7 per cent of L&D professionals evaluate the impact of their initiatives on the business. This lack of evaluation can contribute to skills gaps being undetected, particularly in the use of new learning technologies such as Gamification. The CIPD is urging L&D professionals to look beyond trainee satisfaction and measure initiatives in terms of how they add value to the organisation and society in general. This latest research follows the publication of a report by Skillsoft last week which revealed that 55 per cent of employers admitted they were more likely to recruit externally to address skills shortages.

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TfL to occupy first commercial property at International Quarter

TfL to occupy first commercial property at International Quarter

The Transport for London Building at The International Quarter Stratford 3 commercial propertyConstruction is to begin this summer on the first of a number of office buildings planned for the second stage of the International Quarter, a £2.1 billion mixed-use development in Stratford in East London. Transport for London (TfL) has signed a pre-let with Lend Lease and London and Continental Railways (LCR) to occupy all of the space in the 265,000 sq ft commercial property. An estimated 3,000 TfL workers will relocate to the International Quarter’s new offices and, once completed, an estimated 25,000 people will work at and visit the site each day. The developers claim they are in discussions with other tenants about moving to The International Quarter – which, at a total of four million square feet, will be one of the largest new commercial property developments in the capital.

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Election uncertainly blamed for slowdown across the UK construction sector

Election uncertainly blamed for slowdown across the UK construction sector

Election uncertainly leads to slowdown across the UK construction sector The UK construction market experienced a slowdown in April, with output and new orders expanding at the slowest rates since June 2013, according to the latest Markit/CIPS UK Construction survey. Although the growth of commercial work was the least marked since August 2013, many survey respondents suggested that underlying conditions remained favourable, but some clients had delayed decisions ahead of the general election. Looking ahead, confidence regarding the 12-month outlook dipped from the nine-year high seen in March, but remained stronger than its long run average. A number of firms cited optimism that underlying demand would continue to improve, while others suggested that the removal of election related uncertainty would help support new business gains.

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