May 31, 2013

UK employment recovery could take up to four years finds research

by Sara Bean • Knowledge, News, Workplace

It will now be more than four years before the UK restores the employment rate of 2008 – and jobs recovery could take far longer. According to a new analysis from independent think tank the Resolution Foundation, it is now all but certain that the current jobs recovery will take longer than that following either the 1980s or 1990s recessions. The new findings are based on calculations of the UK ‘jobs gap’, the number of jobs the UK needs to create in order to restore the 2008 employment rate. The tough figures are explained partly by the UK’s ageing workforce, as a third of the current jobs gap is down to the growing share of the workforce aged over 64, which is growing twice as fast as the population aged 16-64. More →

May 30, 2013

Shared rather than serviced offices could save businesses thousands

by Sara Bean • Company news, Facilities management, News

London desk renters could save almost £200 a month by choosing a shared office over a serviced office, according to new research. The Office Genie Price Index has revealed that the average desk in a shared office in London costs £335, while a desk in a serviced office was found to cost on average £513 per month; £178 more. This saving of 35 per cent on the price of a serviced desk makes shared offices an affordable alternative in the world’s most expensive city for office rental, where a single square foot of office space in London can cost up to £170.

May 29, 2013

Mayor confirms £1billion China gateway business district in London

by Mark Eltringham • News, Property

London mayor Boris Johnson has confirmed the details of a £1bn investment in a new business district that will transform the Royal Docks into a 35 acre gateway project aimed primarily at firms from China and Asia looking to establish a business foothold in the UK and Europe. The site is intended to deliver more than 2.5m sq ft of office as well as retail and leisure facilities under the plans. Chinese owned developer ABP will work with Stanhope and architects Farrells with the first firms taking up occupancy in 2017. The Greater London Authority said the proposed development would create 20,000 full-time jobs, and inject £6bn into the UK economy, with £23m in business rates generated annually. No tenants are confirmed at this stage although the developers claim interest from Chinese banks is said to be high.

May 29, 2013

Crown Estate in £320m joint venture to redevelop area around Regent Street

by Sara Bean • Company news, News, Property

The Crown Estate, which manages the Queen’s property portfolio has announced a joint 50/50 – £320 million venture with Canadian real estate company, Oxford Properties. The Crown Estate, which will retain the freehold and take the lead role in the development says the St James’s scheme will provide 210,000 ft² of prime office and 50,000 ft² of flagship retail and restaurant space in two blocks located between London’s Regent Street and Haymarket. The project forms part of the Crown Estate’s ten-year investment strategy for St James’s and will transform a run-down back street service yard and taxi ‘rat-run’ with: “a fantastic new amenity for St James’s, revitalising half and acre of public realm and creating a new 10,000 ft² pedestrian square for world-class business, shopping and dining.” More →

May 28, 2013

Three quarters of London investment banks set to trim corporate real estate

by Mark Eltringham • Knowledge, News, Property

According to a new report from CBRE, nearly three quarters (72 percent) of investment banks based in London are looking to cut their corporate real estate portfolios over the next two years as they adjust to a changing global market for their services as well as structural changes in the UK’s regulatory framework. As well as trimming London based properties, the report says that banks will continue to relocate functions to the UK regions in an effort to reduce costs. Since the low point of 2009, rents in the City of London have increased from £42.50 per sq ft to about £55 per sq ft. The survey also found that just over a third (34 percent) of banks expect to see cuts as a result of mergers and acquisitions in the sector.

May 28, 2013

Wellness programmes largely a waste of time, claims US report

by Mark Eltringham • Knowledge, News, Workplace

According to press agency Reuters, a long-awaited report on workplace wellness programmes, which has yet to be published, delivers a blow to the increasingly popular efforts by employers to address the waistline of employees as well as the bottom line of their businesses. According to a report by researchers at RAND Corp in the US, the now commonplace corporate sanctioned wellness programmes that encourage employees to become healthier and reduce absenteeism and medical costs only have a modest effect. RAND delivered the analysis to the U.S. Department of Labor and the Department of Health and Human Services last Autumn as part of a Government review ahead of new legislation.

May 26, 2013

Interiors Group wins new projects in MIddle East

by Mark Eltringham • Company news, News, Workplace design

Abdul Latif Jameel, a Saudi Arabia based distributor for Toyota has appointed The Interiors Group to fit out 22,000 sq feet of space in their new corporate headquarters in Dubai. The Interiors Group will work alongside the UAE based operations of BDP and Whitby Mohajer to deliver the project. The contract is the latest success for the company in the region following its recent win of a contract to fit out the new Middle East Headquarters of OiLibya. The project, based in the Jumeirah Lake Towers, Dubai, covers some 11,000 sq feet and is due for completion in June. The project was architecturally designed by Artillery with services by Whitby Mohajer Engineering Consultants. The Interiors Group have also been awarded a 3500 sq feet contract for Optasense in Dubai, in the Jumeirah Business Centre.

May 23, 2013

UK employee engagement and productivity lags behind most of world

by Sara Bean • Knowledge, News, Workplace

You might regard the concept of employee engagement as just a new way to describe industrial relations, but there is a growing body of research that UK employers need to do more to keep their employees on side. According to the latest missive, low employee engagement and lagging productivity is the greatest employment challenge facing UK business in 2013. Global research by Right Management found that this was the key concern for one in three (31 per cent ) employers compared to a global average of just one in five (21 per cent ) HR professionals, suggesting that after years of economic uncertainty and doing ‘more with less’, the UK workforce has reached a productivity impasse. More →

May 22, 2013

New Centres of Excellence for sustainable building design launched

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

Centres of Excellence in Sustainable Building Design are to be set up at four UK universities in collaboration with the Royal Academy of Engineering. The new centres at Heriot-Watt University, Loughborough University, the University of Sheffield and University College London will form a national network to demonstrate and exchange best practice in teaching and research for a more sustainable built environment. The universities will work closely with the construction industry to develop their engineering and architectural design courses to be as relevant as possible to the work students can expect to do when they graduate. Visiting Professors from industry are a key part of this approach and will be heavily involved in developing the new centres of excellence. More →

May 22, 2013

Fearful UK employees benefit from engagement policies finds survey

by Sara Bean • Knowledge, News, Public Sector, Workplace

A new study provides some proof that the employee engagement lobby has some validity. According to a new national survey, job stress has gone up and job-related well-being has gone down since the start of the recession, with Britain’s employees feeling more insecure and pressured at work than at any time in the past 20 years. The Economic and Social Research Council (ESRC) and the UK Commission for Employment and Skills (UKCES) report the biggest concern was about pay reductions, followed by loss of say over their job. However, the survey found that where employers pursued employee engagement practices, giving employees more involvement in decision making at work, staff were less anxious about their jobs. More →

May 21, 2013

Office hierarchy determines ergonomic quality of workplace

by Sara Bean • Comment, Facilities management, Furniture, Knowledge, News, Technology

When you consider health and safety dangers at work, there is really no contest between the risks blue collar workers face – falls from height, heavy lifting and breathing in asbestos dust – compared to the relatively minor mishaps of the average office worker. But it seems there is no such thing as an ‘average’ office worker either and where you fit in the pecking order could have a direct impact on the level and quality of the ergonomic tools you’re offered. According to a worldwide survey published by Jabra and YouGov there is a great demographic divide when it comes to the ergonomic equipment provided within the office – and your level of education and department play a significant role in how well you are seated and whether you are offered a headset or handset. More →