Private sector recruitment to increase, despite fragile economy

Private sector employment

Employers from the private sector intend to hire new staff in the coming months, despite UK businesses not anticipating economic growth in the next two quarters. According to the latest Business Trends report by accountants and business advisers BDO LLP UK businesses’ hiring intentions over the next two quarters, reached 96.0 in March, the highest since August 2011. Peter Hemington, Partner, BDO LLP, commented: “It is encouraging to see improvement in UK businesses’ hiring intentions, particularly in light of the imminent public sector payroll cuts which will add pressure to the unemployment rate.” More →

One St Paul’s offices attracts “new type” of City tenant

One St Paul's

A marketing campaign aimed at attracting non-traditional City occupiers appears to have paid off, with the entire 60,000 sqft office element of One St Paul’s in the City of London being let to a single tenant. Genesis Oil and Gas Consultants Ltd has agreed a 15-year lease for all six storeys of bespoke office space, and will  take possession upon handover of the building works during the summer of 2013, with the aim of moving its headquarters in the autumn. The deal marks the culmination of AXA Real Estate’s reworking of the property as a major mixed-use redevelopment scheme.

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Winners announced for 2013 real estate thought leadership

CoreNet Global 2013 Awards for Industry Excellence, Economic Development and Sustainable Leadership:

An organisation that helps businesses set up or expand their offices in the San Francisco Bay Area and Google’s campaign to source more sustainable building materials are amongst the initiatives which have been recognized in CoreNet’s awards for Industry Excellence, Economic Development and Sustainable Leadership. Fidelity, Panasonic, Google, the Brick City Development Corporation and the San Francisco Center for Economic Development are all named as winners for three annual best practices awards by the corporate real estate (CRE) and workplace association. The awards are presented each year to industry leaders who demonstrate best-in-class practices in advancing corporate real estate thought leadership. More →

Rigid attachment to best practice “killing” talent management

KPMG talent management white paper

A rigid attachment to ‘best practice’, rather than a focus on business needs, is preventing many organisations from unearthing and nurturing staff to drive their business forward and the danger of such an inflexible approach is killing organisations’ ability to properly manage talent. According to Anna Marie Detert, KPMG’s UK Lead for Talent – a tendency to copy or adopt the latest fad or fancy must be challenged if employers are to understand the talent they truly need to succeed, and plan effectively to find and keep it.  More →

Project awarded for design and build of new Kuwaiti Ministry

 Kuwait General Department of the Information System.

The competition to design and build the future General Department of the Information System (GDIS), in Kuwait has been won by AGi architects, in collaboration with Bonyan Design. The aesthetics of the building, which will encompass a total gross area of 135,482 sqm is shaped by the superposition of two contrasting layers: a massive stone plinth at the lower level, and lighter glass structures on the upper floors. At ground floor level there will be a plaza conceived as an inner urban space that will be the core of flows and circulations and will provide access to all four departments included in the building More →

Employers missing employee health and productivity link

Employers missing health & productivity link

Only a minority of employers understand the productivity benefits of their health and wellbeing initiatives, new research reveals. Towers Watson’s latest Health, Wellbeing and Productivity survey found that 66 per cent of employers thought the link between health and employee performance was a relatively limited part of their health and wellbeing programme, with the main drivers being the desire to be seen as a responsible employer and the need to focus on more preventative health measures to manage rising healthcare and disability costs. More →

Dutch Embassy to move to South Bank development

Embassy Gardens

The Dutch Embassy in London is to move from its current location at Hyde Park Gate to a 50,000 sq ft site as part of the Embassy Gardens development on the South Bank of the Thames. The Embassy, which will move in 2017, will sit adjacent to the new US Embassy, already under construction and due for completion during the same year. Embassy Gardens is part of the Nine Elms development on the South Bank and is masterplanned by architect Sir Terry Farrell to encompass a kilometre-long Linear Park – starting in Vauxhall and moving through Embassy Gardens on the way to Battersea Power Station. More →

Employers want default retirement age back finds survey

DRA

Nearly half (47 per cent) of employers surveyed by global law firm Eversheds would like the Default Retirement Age (DRA) reinstated. Two years ago, on 6 April 2011, the Government changed the law to start phasing out the DRA. While the overwhelming majority (97 per cent) say their organisation no longer operates a mandatory retirement age, many report that the change in the law has had negative effects for their organisation: two-thirds cited difficulties in succession planning whilst just under half reported that opportunities were being blocked for younger workers. More →

UK construction activity slips again, but at a slower rate

-- with crane and scaffoldingAccording to the latest Markit/CIPS monthly survey of purchasing managers in the construction industry, output in the sector decreased once more in March but at the slowest rate since October of last year.  The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) which measures overall output in the sector,  was calculated at  47.2 during March, up from 46.8 in February. Scores below 50 are deemed to indicate a contraction in the market. The reduced output was put down to a combination of subdued underlying demand and unusually bad weather.

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UK commercial property investors shift focus to the regions

Leeds skylineInvestors in the commercial office market are increasingly being drawn towards the UK regions, according to a new report by Deloitte Real Estate. The UK Key Cities publication explores the trend that regional offices are emerging as a focus for savvy investors seeking higher returns. At the same time, individual cities are recognising the need to stand apart from competing locations and bridge the gap between themselves and London. These cities are being bolstered by factors such as improved connectivity through large planned infrastructure projects, devolution of power, and investment into the retail and leisure markets.

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SBID International Design Awards 2013 open for entries

Entries are now open for the SBID (Society of British Interior Design) third International Design Awards, which recognises design excellence across the built environment, ranging from super luxury projects, to innovative design and new talent on limited budgets. The fourteen categories include residential and contract sectors, entertainment space, transport, product and public space, visualisation (3d renderings) and interior design project under £50,000. Previous finalists and winners have included: Candy & Candy’s Candyscape II and Number One Hyde Park; Bentley Motors Head Office in Crewe by FutureBrand [pictured]; Mercedes Showroom in Washington by Studio Lux; The Hyundai Business Centre in Korea by Hyundai Construction and Engineering; Viking Cruises by Integration.

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Green business initiatives worthwhile finds U.S. study

Green biz

Despite persistent skepticism among U.S. employees about corporate America’s commitment to “going green” the majority of U.S. employees are interested in learning what companies are doing in terms of sustainability (74 per cent) and wish their own company or employer engaged in more sustainability business practices, including social responsibility initiatives (68 per cent). According to the fourth annual Gibbs & Soell Sense & Sustainability® Study, while 80 per cent of sustainability-engaged employees encouraged others to make sustainable choices – the majority were unaware of who at their workplace is responsible for sustainability.

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