UK commercial property market shows signs of recovery, but not for offices

UK commercial property market shows signs of recovery, but not for offices

The United Kingdom's commercial property market is showing signs of a quicker recovery than the rest of Europe, following a challenging two-year period marked by high interest rates and the ongoing re-evaluation of the role officesThe United Kingdom’s commercial property market is showing signs of a quicker recovery than the rest of Europe, following a challenging two-year period marked by high interest rates and the ongoing re-evaluation of the role offices. According to the Green Street Index, the office market continues to be the most sluggish sector. The latest data suggests that both deal volumes and property values in the UK have seen an increase in the first half of 2024. This contrasts with Germany and France, where dealmaking has remained slow and price gains have been more modest. More →

Government hub named one of the world’s leading workplaces

Government hub named one of the world’s leading workplaces

 

This unprepossessing building in Peterborough has been named as one of the world's leading workplaces by the Leesman IndexThis unprepossessing building in Peterborough has been named as one of the world’s leading workplaces by Leesman. The Government Property Agency (GPA) office hub building is the second building belonging to the GPA that has achieved Leesman+ certification – global recognition of exceptional workplace experiences which only six public sector offices worldwide have ever attained. More →

People think GenAI is perfectly fine in their own work. For others, not so much

People think GenAI is perfectly fine in their own work. For others, not so much

 

Interestingly, it seems acceptable to use GenAI for ourselves but less so for othersPeople are commonly blind to how much influence Generative AI (GenAI) has over their work, when they choose to enlist the support of technologies such as Chat GPT to complete professional or educational tasks, new research finds. The study, carried out by associate professors Dr Mirjam Tuk and Dr Anne Kathrin Klesse alongside PhD candidate Begum Celiktutan at Rotterdam School of Management Erasmus University, claims to reveal a significant discrepancy between what people consider to be an acceptable level of AI use in professional tasks, and how much impact the technology actually has on their work. More →

Most people support shift to a four day week

Most people support shift to a four day week

A new poll claims that a significant majority of voters who supported the new Labour government are in favour of transitioning the UK to a four day weekA new poll claims that a significant majority of voters who supported the new Labour government are in favour of transitioning the UK to a shorter working week. According to data collected by Survation and commissioned by The Autonomy Institute, 72 percent of Labour voters back the idea of a four-day work week. The survey, which included responses from 2,048 adults, specifically asked whether participants would support a government initiative to move towards a shorter working week, with no loss of pay, by the year 2030. More →

European banks are over-valuing commercial property, ECB report suggests

European banks are over-valuing commercial property, ECB report suggests

 

An analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone's leading banks may be inflating the value of commercial propertyAn analysis by the European Central Bank (ECB) has raised concerns that several of the Euro zone’s leading banks may be inflating the value of commercial property, potentially obscuring the true state of their loan portfolios in a sector that is facing significant challenges. The analysis suggests that some banks are failing to properly account for the steep downturn in the commercial property market, which has been severely impacted by higher borrowing costs and weakened demand as businesses adjust to the post-pandemic economic landscape. More →

Technology failures are a major headache for small businesses

Technology failures are a major headache for small businesses

A new poll  from TalkTalk Business claims to identify the significant impact technology failures have on small and medium-sized enterprises (SMEs) in the UK.A new poll  from TalkTalk Business claims to identify the significant impact technology failures have on small and medium-sized enterprises (SMEs) in the UK. According to the survey, nearly one-quarter (23 percent) of these businesses have experienced system glitches within the past year. These technical issues are proving costly for many SMEs, with 17 percent reporting that such problems have cost their business between £500 and £999 over the last 12 months. More alarmingly, 12 percent of SMEs have faced losses ranging from £2,000 to £3,999, while 7 percent have incurred staggering costs between £8,000 and £9,999 due to technology-related failures. More →

Hybrid workers are more likely than colleagues to report poor mental health

Hybrid workers are more likely than colleagues to report poor mental health

Hybrid workers are the group most likely to say that work has a negative toll on their mental health, according to a new surveyHybrid workers are the group most likely to say that work has a negative toll on their mental health, according to a new survey from Pluxee UK. Two-fifths (42 percent) of hybrid workers reported that work negatively affects their mental wellbeing, compared to 32 percent of fully remote and 30 percent of fully office-based employees. The report claims thatits  findings highlight that while hybrid working offers flexibility, it requires thoughtful support to ensure employee wellbeing and work-life balance. More →

Firms are betting big on the impact of AI on their business

Firms are betting big on the impact of AI on their business

 

Big AI bets are being made globally with nearly one in 10 businesses spending over $25m this year on AI initiativesA new report published by consulting firm Searce claims that organisations across the UK and US are making significant investments in artificial intelligence this year with nearly one in 10 decision-makers in both the UK (8 percent) and US (7 percent) planning to spend over $25 million. The 2024 State of AI report [registration] is based on a poll of 300 C-Suite and senior technology executives – including Chief AI Officers, Chief Data & Analytics Officers, Chief Transformation Officers, and Chief Digital Officers – at organisations with at least $500 million in revenue. The research examines some of the biggest trends, successes, and challenges facing businesses in their artificial intelligence decision-making, strategy, and execution. More →

Is this last orders for the post-work drink?

Is this last orders for the post-work drink?

 

The traditional post-work drink may be falling from favour as a shift in attitudes means people increasingly prefer daytime social gatherings, a new poll claimsThe traditional post-work drink may be falling from favour as a shift in attitudes and working culture means people increasingly prefer daytime social gatherings, a new poll claims. Employers are being encouraged to move away from pub outings as a means of socialising, instead fostering “inclusive and healthy workplace cultures” that cater to employees who don’t drink alcohol or work remotely. As four different generations now share the workplace, new expectations around employee health and wellbeing are emerging, according to the survey commissioned by the International Alliance for Responsible Drinking (IARD). More →

Women find it more difficult to separate remote work from their family lives

Women find it more difficult to separate remote work from their family lives

 

Remote work has often been lauded as a potential solution to gender inequality, given its flexibility, however these findings showcase that personal circumstances still have an effect on women’s careers.Women have much more difficulty separating their working lives and their family lives when they work from home, than men do, according to new research from Durham University Business School. Remote work has often been lauded as a potential solution to gender inequality, given its flexibility, however these findings showcase that personal circumstances still have an effect on women’s careers. More →

Endlessly distracted? Get some focus with the new issue of IN Magazine

Endlessly distracted? Get some focus with the new issue of IN Magazine

 

t's a bit of a bumper issue. The digital edition of the new IN Magazine is available for you here.

It’s a bit of a bumper issue. The digital edition of the new IN Magazine is available for you here. Inside you will find: our special supplement on how to encourage people to spend more time in the office (if you and they want to); Peggie Rothe of Leesman talking about how to optimise the workplace experience (and why you need to do it); Jo Knight cutting through yet another layer of sustainability BS; Stephanie Fitzgerald grappling with AI; a look back on the new direction for office design heralded thirty years ago by three new products; and a recent look back on Clerkenwell Design Week; a visit to an installation that shows how Sheffield is reinventing itself; a look at what happens when firms monitor staff (they monitor the firm right back); alternatives to our conception of the working day; how firms are building new relationships with remote staff; how Mark Eltringham can’t even be happy reading a book he agrees with; and the final word on the most complained about aspect of work.      More →

Organisations need to address the rising problem of workplace sickness

Organisations need to address the rising problem of workplace sickness

Rising levels of workplace sickness are costing UK businesses billions each year, according to a new report from the Institute for Public Policy ResearchRising levels of workplace sickness are costing UK businesses billions each year, according to a new report from the Institute for Public Policy Research (IPPR). The think tank’s analysis reveals that the annual hidden cost of employee sickness has surged by £30 billion since 2018. Of this increase, £25 billion is attributed to lower productivity from employees working while ill, with only £5 billion due to an increase in sick days. More →