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

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

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…)

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

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

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…)

Hybrid workers exercise more, sleep longer and eat better

Hybrid workers exercise more, sleep longer and eat better

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…)

Employers over-estimate the wellbeing benefits of hybrid working

Employers over-estimate the wellbeing benefits of hybrid working

by • Flexible working, News, Wellbeing

Employers and employees have a differing opinion about the health and wellbeing impact of hybrid workingEmployers and employees have a differing opinion about the health and wellbeing impact of hybrid working, according to a new poll from GRiD. Two thirds of employers (64 percent) believe that hybrid working has had a positive impact on their employees’ health and wellbeing, but only 53 percent of employees agree. Where they do concur is on the number of people for whom hybrid working can have a negative impact, with 6 percent of employers, and 7 percent of employees, acknowledging that it is not a positive experience for everyone. (more…)

Online personal brands are the key to job success say ‘Gen Z’

Online personal brands are the key to job success say ‘Gen Z’

by • News, Workplace

New research claims to reveal how people belonging to Gen Z perceive online ‘personal brands’ as a crucial tool to gain more advantage in job marketsNew research claims to reveal how people who belong to ‘Generation Z’ perceive online ‘personal brands’ as a crucial tool to gain more advantage in job markets. The study, led by the University of East Anglia in collaboration with the University of Greenwich, claims to demonstrate the importance of authentically building online personal branding strategies and tactics to bridge the gap between Gen Z ‘s desired and perceived images on social media when job seeking. (more…)

More than one in three Americans fear artificial intelligence could take their jobs

More than one in three Americans fear artificial intelligence could take their jobs

by • News, Technology

A survey of 3,000 employees across the United States has shed light on the extent to which workers are concerned about the growth of artificial intelligence (AI) and its impact on their job securityA survey of 3,000 employees across the United States has shed light on the extent to which workers are concerned about the growth of artificial intelligence (AI) and its impact on their job security. The research, carried out by FreelanceWritingJobs.com, claims that just over 1 in 3 (35 percent) Americans are worried about the possibility of AI making their professions redundant. (more…)

Despite rise of hybrid working, people spend majority of time on pointless work and meetings

Despite rise of hybrid working, people spend majority of time on pointless work and meetings

by • Flexible working, News, Workplace

Businesses and workers are still grappling with barriers to productivity despite the advent of more widespread flexible and hybrid working, claims a new reportBusinesses and workers are still grappling with barriers to productivity despite the advent of more widespread flexible and hybrid working, claims a new report from Asana. According to the fourth Anatomy of Work Global Index, “work about work” – time spent on work coordination rather than the skilled, strategic jobs they want to do – remains how workers spend the bulk of their day. Conducted by GlobalWebIndex (GWI) on behalf of Asana, the 2023 Anatomy of Work Global Index surveyed the behaviours and attitudes of more than 9,615 knowledge workers across the United States, U.K., Australia, France, Germany, and Japan to understand the impact of cross-functional collaboration. (more…)

Two thirds of US landlords don’t really understand how their buildings are used

Two thirds of US landlords don’t really understand how their buildings are used

by • Facilities management, News, Property

62 percent of US landlords don’t have the tools they need to understand how their properties are used, in spite of the ongoing pressure on them to understand the experience of occupiersA new report from VTS claims that 62 percent of US landlords don’t have the tools they need to know how their properties are used, in spite of the ongoing pressure on them to understand the experience of occupiers and retain their business. (more…)

Gender-balanced boards are more likely to push for improved company culture

Gender-balanced boards are more likely to push for improved company culture

by • News, Workplace

women are more likely than men to focus on emerging issues, notably company culture and employee developmentThe 30% Club, in partnership with board advisory specialists Lintstock, has today issued new qualitative analysis based on the engagement of male and female directors in 100 FTSE board reviews in a report Evidencing the Contribution of Gender Balance to Board Effectiveness. The survey claims to highlight the difference gender diversity makes to the running of corporate boards, with a significant finding that women are more likely than men to focus on emerging issues, notably company culture and employee development. In addition, female directors were also more likely to offer criticism and recommendations for improvement on both their own performance and their business activities. (more…)

Less than a third of businesses know how energy efficient their office is

Less than a third of businesses know how energy efficient their office is

by • Environment, Facilities management, News

A surprisingly high proportion of UK businesses are unaware of new environmental legislation concerning the energy efficiency of their buildings, or how even how energy efficient they are in the first placeA surprisingly high proportion of UK businesses are unaware of new environmental legislation concerning the energy efficiency of their buildings, or even how energy efficient they are in the first place, according to a new survey commissioned by Irwin Mitchell: Redefining the Office – A report on office occupier trends in 2023.  The new Minimum Energy Efficiency Standards (MEES) legislation means that from 1st April 2023, property owners must not continue to let properties that have an EPC rating of F or G (unless they have an exemption) and all let properties will need to have a minimum EPC rating of E. (more…)

One in four people will work from abroad this year, and many won’t tell their employer

One in four people will work from abroad this year, and many won’t tell their employer

by • Flexible working, News

One in four (23 percent) UK office workers plan to take advantage of remote working to log on from abroad in 2023, with a third (32 percent) doing so against company rules, according to new research by the risk management and insurance broker, Gallagher. The survey of more than 2,000 UK office workers claims that the dramatic increase in hybrid working post pandemic now extends to a “work from anywhere” culture. But employees choosing to locate themselves overseas brings risk implications for their employer, as well as themselves. (more…)

Pipeline of women managers has stalled in wake of pandemic

Pipeline of women managers has stalled in wake of pandemic

by • News, Workplace

The leadership pipeline for women has hollowed out in the middle, according to a new study “Women in leadership: Why perception outpaces the pipeline—and what to do about it” from IBM Institute for Business Value (IBV) and Chief. The study of 2,500 organisations in 12 countries and 10 industries found a small increase in the number of women at the C-suite and Board level (now 12 percent for both), and an increase to 40 percent representation of women in junior professional/specialist roles (37 percent in 2021). However, the pipeline for top leadership positions still hasn’t recovered to pre-pandemic levels – 14 percent representation of women in senior vice president roles (18 percent in 2019) and 16 percent in vice president roles (19 percent in 2019). (more…)

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