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Work-related stress costing UK economy £28bn a year
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Work-related stress costing UK economy £28bn a year

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by • News, Wellbeing

New data and economic modelling from AXA UK and Centre for Business and Economic Research (Cebr) claims that people are struggling with burnout and work-related stressNew data and economic modelling from AXA UK and Centre for Business and Economic Research (Cebr) claims that people are struggling with burnout and work-related stress, with an estimated £28bn lost last year due to poor mental health at work. The majority of this cost is due to loss of working days because of stress, burnout and general poor mental health, with businesses losing 23.3m working days as a result of these issues.  (more…)

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New guide to office fit-out and refurbishment launched by trade body
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New guide to office fit-out and refurbishment launched by trade body

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by • Facilities management, News, Workplace design

Trade association FIS has launched a revised Client Guide to Office Fit-Out and Refurbishment with the aim of promoting best practice in the fit-out processTrade association FIS has launched a revised Client Guide to Office Fit-Out and Refurbishment with the aim of promoting best practice in the fit-out process and to take account of new working practices post-pandemic, the Building Safety Act and advances in sustainability. First published in 2017, this updated guide is aimed at clients, contractors and architects involved in fit-out projects in a changing world. It is available for free download. (more…)

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Canary Wharf Group shifts its focus to life sciences sector
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Canary Wharf Group shifts its focus to life sciences sector

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by • News, Property

The development of a major life science cluster at Canary Wharf continues to build momentum with a range of life sciences focused start-ups and scaleup businesses joining the growing community of technology businessesThe development of a major life science cluster at Canary Wharf continues to build momentum with a range of life sciences focused start-ups and scaleup businesses joining the growing community of technology businesses at its specialist co-working and office hub, Level39, according to a new statement from Canary Wharf Group. Launched by Canary Wharf Group ten years ago, Level 39 is now home to over 180 start-ups and scaleups innovating in FinTech, Cyber Security, CleanTech, Blockchain, Life Sciences and HealthTech. (more…)

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UK productivity continues to drag despite variations across sectors
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UK productivity continues to drag despite variations across sectors

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by • Business, News

The UK has seen a significant dip in productivity growth since the Global Financial Crisis of 2007-8, according to a new report from PwC UKThe UK has seen a significant dip in productivity growth since the Global Financial Crisis of 2007-8, according to a new report from PwC UK. However, this new analysis also highlights sectoral differences in productivity growth, with some sectors performing better than others in recent years. The slowdown in manufacturing productivity is also shown to have played a significant role in the fall in economy-wide productivity, but there is positive sentiment amongst manufacturers, with almost 1 in 5 expecting to see gains of 10-25 percent in the coming year. According to PwC UK’s new UK Productivity Tracker, a lack of sustained investment expenditure may be behind the UK’s weak performance. (more…)

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American employees spend 200 hours a year watching adult sites on their work computer
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American employees spend 200 hours a year watching adult sites on their work computer

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by • Flexible working, News, Technology, Workplace

American employees are wasting hundreds of contracted work hours a year using their work equipment for personal tasks and activities, according to a new survey from ExpressVPN. The survey, conducted by the consumer privacy and security company, found that some people are spending only 33 percent of annual contracted hours on work tasks. With a steep rise in hybrid and home working in recent years, many companies have provided employees with work devices to use in the comfort of their own homes, including work laptops, desktops, phones, and microphones. (more…)

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Half of people in the UK say they feel ‘overworked’
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Half of people in the UK say they feel ‘overworked’

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by • Flexible working, News, Wellbeing

More than half (53 percent) of employees in the UK ay they feel overworkedMore than half (53 percent) of employees in the UK ay they feel overworked, citing factors like reaching their maximum capacity, being spread too thin, or stressing over the threat of additional work – according to a poll from Censuswide, commissioned by Visier. The survey of around 1,000 people claims that young professionals aged 25-34 say they feel most overworked, followed closely by those aged 55+. Four in ten (40 percent) employees polled would look for a new job with a better work-life balance if they felt overworked.   (more…)

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Robots will improve your wellbeing – as long as they look cute
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Robots will improve your wellbeing – as long as they look cute

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by • News, Technology, Wellbeing

Robots can be useful as mental wellbeing coaches in the workplace – but perception of their effectiveness depends in large part on what the robot looks likeRobots can be useful as mental wellbeing coaches in the workplace – but perception of their effectiveness depends in large part on what the robot looks like. That is according to researchers from the University of Cambridge who conducted a study of a tech consultancy firm using two robot wellbeing coaches. In the study, 26 employees participated in weekly robot-led wellbeing sessions for four weeks. Although the robots had identical voices, facial expressions, and scripts for the sessions, the physical appearance of the robot affected how participants interacted with it. (more…)

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Most hybrid workers worldwide don’t think they’ll return to old ways of work
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Most hybrid workers worldwide don’t think they’ll return to old ways of work

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by • Flexible working, News, Wellbeing

A poll of 3,000 office workers by Insights Learning & Development claims that 70 percent of hybrid workers in the UK want to maintain the arrangement permanently.A poll of 3,000 office workers by Insights Learning & Development claims that 70 percent of hybrid workers in the UK want to maintain the arrangement permanently. According to the report, UK employees are generally happy with their hybrid working arrangements – more so than employees in the US, Canada and France. Overall workers in the Netherlands are most satisfied with their hybrid working arrangements. (more…)

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The UK workplace sector reacts to the Spring Budget 2023
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The UK workplace sector reacts to the Spring Budget 2023

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by • Environment, News, Property, Workplace

The workplace sector in the UK has been reacting to the announcements in the Spring budgetToday the UK’s Chancellor of the Exchequer, Jeremy Hunt presented his Spring Budget to the House of Commons. In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’. Perhaps the headline element of this announcement was the creation of twelve new investment zones across the UK as well as incentives for older workers to return to the country’s patchy workforce. This includes£63m for programmes to encourage retirees over 50 back to work, “returnerships” and ‘skills boot camps’. Another headline for the workplace sector was the offer of improved childcare arrangements, especially for the parents of very young children, who will see 30 hours of free childcare expanded to include one and two-year-olds. (more…)

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Only one in eight office occupiers think their property aligns with their business objectives
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Only one in eight office occupiers think their property aligns with their business objectives

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by • Facilities management, News, Property

Only around 14 percent of office occupiers believe their existing workspace portfolios align completely with their business objectives,Only around 14 percent of office occupiers believe their existing workspace portfolios align completely with their business objectives, according to a new report on the future of the office by the Urban Land Institute and The Instant Group. The ‘state of flux’ identified in the report suggests that while the office is ‘here to stay’, the sector is bracing itself for a profound shift.  Two thirds (62 percent) of office landlords expect a decrease in capital values with the current valuation model and less than 2 percent of asset owners feel they have the required capex to respond to occupier and ESG legislation-related requirements. (more…)

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Office market continues to fail on environmental standards …. say landlords
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Office market continues to fail on environmental standards …. say landlords

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by • Environment, News, Property

A new survey that explores the state of sustainability within the UK office market, jointly commissioned by infinitSpace and The Instant Group, claims that the office market is falling behind on environmental policiesA new survey that explores the state of sustainability within the UK office market, jointly commissioned by infinitSpace and The Instant Group, claims that the office market is falling behind on environmental policies. The poll of 250 landlords suggests that almost half (47 percent) of landlords believe the office market is lagging behind other areas of the property sector in implementing/adopting environmental policies.  The same number say they can’t ‘go it alone’ with 47 percent of landlords agreeing they need help in shaping environmental policies. At the same time, 84 percent of landlords report a vacancy rate of 30 percent and above as average among their office building portfolio. (more…)

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Hybrid workers exercise more, sleep longer and eat better
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Hybrid workers exercise more, sleep longer and eat better

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by • Flexible working, News, Wellbeing

A new study claims that hybrid working is leading to a healthier workforce, with more time being dedicated to exercise, sleep and healthy eating. Research among more than 2,000 hybrid workers by IWG suggests that the time saved by reduced commuting has led to multiple health and wellbeing benefits including weight loss, better cooking habits, improved mental health and a longer night’s sleep. (more…)

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