December 11, 2013

Remarkable resurgence of confidence in the UK commercial property market

Edinburgh is one region enjoying a resurgence in confidence

The UK commercial property market is continuing its strong recovery, driven in large part by a resurgence in regional markets and financed by more adventurous borrowing by investors, a juxtaposition of three new reports reveals. According to Lloyds Bank’s twice yearly Commercial Property Confidence Monitor, around three quarters of the small and medium sized commercial property agents surveyed for the report expect a surge in activity over the next six months, led by especially strong confidence levels in Scotland, South West England, North West England and the Midlands. The results are mirrored in the latest Savills’ commercial development activity survey which found that the UK’s commercial sector grew at its fastest rate on record during November. Meanwhile, another report from Laxfield Capital claims that investors are willing to take on more debt for new deals to take advantage of the new confidence in the market.

December 10, 2013

New guidance on energy management published for facilities managers

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

The British Institute of Facilities Management (BIFM) has published new guidance on energy management for facilities managers. The Energy Audits Good Practice Guide presents good practice for some of the important energy management procedures, ranging from developing an energy policy to deciding which improvements to make. It is designed to enable facilities managers to compare the results of an energy audit with good practice in both energy use and energy related procedures in order to manage their organisation’s energy costs. Part of the BIFM’s series of Good Practice Guides providing practical guidance for facilities management professionals the Energy Audits Good Practice Guide, which is supported by Hoare Lea, also includes practical tips and considerations for improving energy use, managing energy costs, and protecting the environment. More →

December 10, 2013

Sale of premier real estate portfolio More London announced

by Sara Bean • Company news, News, Property

More London has been sold to Kuwaiti firm St Martins Property Group for approximately £1.7 billion, according to Reuter’s sources. Owners London Bridge Holdings said it had originally intended to refinance More London (which is located adjacent to Tower Bridge and opposite The Tower of London), by the early summer of 2014 but had been persuaded to capitalize on “a highly attractive offer,” the details of which it has not yet disclosed. In a statement London Bridge Holdings said the transaction had underscored its success in transforming “a blighted, brown field site into a vibrant and vital global business centre.” The site was acquired in 1998 and is now a fully managed estate, with occupiers that include the Greater London Assembly – housed in City Hall, as well as PwC and Ernst and Young.

December 10, 2013

More than half of UK’s increasingly disengaged workforce looking to switch jobs

by Mark Eltringham • News, Workplace

Staff disengagement is already costing the UK economy dear, and is also one of the reasons why nearly half of all UK employees are currently looking to leave their current jobs over the next year, a contrast of two new surveys reveals. The first report, from private healthcare provider BUPA, found that disengaged and unhealthy staff cost the UK economy around £6 billion each year. The second report from Investors in People (IIP) – a Government created business improvement agency – claims that just under half of all British employees (47 percent) are considering whether to move jobs during 2014. This represents some 14 million individuals so if you lend both reports credence, employers may have serious issues retaining their best employees as the jobs market picks up.

December 6, 2013

Businesses missing the potential of property to benefit performance says BCO

by Sara Bean • Facilities management, News, Workplace design

The UK spent an estimated £28.5 billion on offices in 2012 – outstripping business expenditure on legal services (£24.3bn), accounting (£14bn) and insurance services (£23.8bn). Yet despite this, nearly three fifths (57%) of 250 senior executives from large organisations in a recent poll said property issues are not regularly discussed in the boardroom and responsibility for property is still likely to fall outside management teams. The research, carried out by the Centre for Economics and Business Research (Cebr) and Populus, found businesses take a very cost-centric view towards the workplace. Although almost three-quarters of organisations were constantly analysing and assessing whether their space is being used efficiently, cost was still found to be the most important factor in assessing the office’s performance (73%). More →

December 5, 2013

Dressing down for work could improve career chances says Harvard Business Review

by Sara Bean • News, Workplace

In his book How to Lose Friends & Alienate People writer Toby Young recalls when advised he could dress ‘casually’ for his first day at glossy magazine Vanity Fair, he opted for a tee shirt which said ‘Young, dumb and full of…. ‘ you can guess the rest. While most people wouldn’t so grossly misjudge what to wear to work; those who play it safe could learn from the latest research from Harvard Business Review. In The Red Sneakers Effect: Inferring Status and Competence from Signals of Nonconformity the researchers advise that non-conforming habits, such as wearing red sneakers to work can boost your prestige. A series of studies demonstrates that people confer higher status and competence to nonconforming rather than conforming individuals. The next step presumably is determining the accepted level of non-conformity that equals success.

December 5, 2013

New report finds lack of consensus in measurement of social sustainability

by Sara Bean • Environment, Facilities management, News

A lack of consensus on what is to be reported on and measured makes comparison difficult when measuring social sustainability. This is one of the key findings of the first annual Sustainable FM Index report, which examines how sustainability is embedded within facilities management service companies. Compiled by Acclaro Advisory, the University of Reading and Workplace Law; the index provides a comparative assessment of FM providers within the UK market. The results, which can be applied to internal and outsourced organisations, aims to showcase achievement, as well as highlighting areas of weakness to stimulate change and raise the delivery of sustainability. The companies which made the index, including Carillion, CBRE and Vinci facilities, have reported high levels of commitment to sustainability in terms of the governance, social and environmental criteria assessed. More →

December 4, 2013

Benefits of social media for employers are not being realised says CIPD

by Sara Bean • News, Technology, Workplace

Research launched today at the CIPD’s Social Media in HR conference reveals social media is still a long way off from infiltrating the workplace to the extent it is used in our social lives. Three in four (76%) use social media in their personal lives, but just one in four (26%) use it for work purposes. Given the news this week that the attorney general is to publish guidance on Twitter to help prevent social media users from committing contempt of court, employers could be forgiven in being wary of the risks of social media. This is a mistake, as according to the research, ‘Social technology, social business?’ almost half (47%) of employees who use social media for work on a daily basis already see real benefits for their organisations. More →

December 3, 2013

Built environment vows to improve accessibility for UK’s 12m disabled people

by Sara Bean • Facilities management, News, Property

Six of the top professional institutions that represent architects, town planners, surveyors, engineers and facilities managers have committed to improving accessibility for the country’s 12 million disabled people. To mark International Day of People with Disabilities, built environment institutions, including the Royal Institution of British Architects (RIBA), the British Institution of Facilities Managers (BIFM) and Royal Institution of Chartered Surveyors (RICS), have signed up to the Built Environment Professional Education Project; to change the curriculum so inclusive design becomes a requirement of all built environment accredited courses at universities and colleges. The aim is to have nearly one third of all built environment professionals proficient in inclusive design within 10 years. More →

December 3, 2013

UK leads Western Europe in offering flexible working – and checking it’s safe

by Sara Bean • Flexible working, News, Workplace

The inexorable rise of flexible working continues, particularly in the UK, where 64 per cent of the organizations questioned in a new poll said that they implemented flexible working more than a year ago. And despite the best efforts by some high-profile employers to roll back the trend, it is HR which is endorsing the adoption of flexible working, with 92 per cent responsible for its implementation within their organisations. Although, Germany (57%), the Netherlands (48%) and Belgium (38%) currently lag behind the UK, all the countries polled agreed that flexible working results in higher productivity, especially in England (85%). A surprising view however, was that it is the employees who are responsible for setting up their own workstation, with just UK staff likely to have any sort of ergonomic checks. More →

December 3, 2013

Majority of businesses acquire employee data; far fewer apply it, claims report

by Mark Eltringham • Facilities management, News, Workplace

Peter Drucker’s old adage that ‘what gets measured gets managed’ may be a cliché, but it’s endured to become one because there is a lot of truth in it. Now a new report commissioned this year by recruitment consultants Alexander Mann Solutions and the HRO Today Institute has found that firms that use employee data to inform strategic decision making outperform their competitors around 58 percent of the time. Which is great except the survey of HR managers and directors at over 300 companies also found that only a third of businesses use data in this way. This is in spite of the fact that nearly all (90 percent) of companies acquire employee performance data. According to the report, Success: How metrics & measurement correlate with business, nearly a third don’t use the data in any way whatsoever.

December 2, 2013

Mid-sized firms are unsung champions of the economic recovery says CBI

by Sara Bean • News, Workplace

Medium-sized businesses (MSBs) are making a significant contribution to jobs and growth across the UK. Between March 2010 and March 2013 they have created 185,000 jobs, a 4.1 per cent increase compared with 1.9 per cent by large companies and 2.8 per cent by small firms. New CBI research published today shows that despite only accounting for 1.8 per cent of the UK private sector, MSBs, which employ between 50-499 people and have a turnover of £10-100 million, now employ 4.7 million people across the UK – 16 per cent of the total UK workforce. The CBI has launched #MSBMonday to boost recognition for MSBs and is calling on local government and policy makers to do more to recognise and support medium-sized businesses as their local champions. More →