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Commercial real estate enters downturn in UK, claims RICS
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Commercial real estate enters downturn in UK, claims RICS

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commercial real estateThe UK’s commercial real estate market is entering or might already be in a downturn, according to an industry survey from the Royal Institute of Chartered Surveyors. As higher interest rates push up investors’ financing costs and economic sentiment takes a dive, 43 percent of respondents to its quarterly commercial property survey thought the sector was in the early stages of a downturn, and a further 10 percent thought it was in the middle of one. By contrast, three months ago 53 percent said the sector was in the early or middle stages of an upturn, a proportion that has now slumped to 22 percent. (more…)

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Generational careers divide opens up in wake of pandemic
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Generational careers divide opens up in wake of pandemic

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careers divideAlmost half of UK employees aged between 18 and 24 think that COVID-19 has decreased the importance placed on their careers, compared to 35 percent of 55-64 year-olds. And more than half think the pandemic has negatively impacted their career progression, compared to just 35 percent of 35-44 year olds and 17 percent of 54-65 year olds. Those are the key findings of a poll presented in a report from Employment Hero, shows that COVID-19 has caused a widening generational divide in the career motivation and wellbeing of UK employees. (more…)

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Hybrid working success depends on the creation of ‘digital HQs’
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Hybrid working success depends on the creation of ‘digital HQs’

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hybrid workingAround three quarters of people think that so-called digital HQs are fundamental to making hybrid working a success, according to a new report from Slack. The study also claims to reveals how both virtual and in-person office etiquette has changed along with new workplace habits. The survey of over 1,000 UK office workers suggests that the majority (73 percent) believe hybrid working is ‘here to stay’ and 53 percent think businesses should operate on a digital-first approach. Spending more time at home is a must for most with over 3 in 5 (66 percent) likely to start looking for a new job if hybrid or remote working is not offered. Over two-thirds believing hybrid work has helped them with the cost of living crisis, with less being spent on transport and lunches. (more…)

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MPs call for Menopause Ambassador role to help women in the workplace
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MPs call for Menopause Ambassador role to help women in the workplace

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menopauseLack of support from employers for women with symptoms of the menopause is pushing ‘highly skilled and experienced’ women out of work, claims a new report from the cross-party House of Commons Women and Equalities Committee. The authors call on the Government to act, amending the Equality Act to introduce menopause as a protected characteristic, and to include a duty for employers to provide reasonable adjustments for menopausal employees. The MPs also urge the Government to remove dual prescription charges for oestrogen and progesterone as part of Hormone Replacement Therapy (HRT) nationwide, replacing it with a single charge for all women. 

(more…)

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Quarter of European firms now use HR analytics tools
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Quarter of European firms now use HR analytics tools

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HR analyticsJust over a quarter of European companies are using HR analytics tools for performance management, according to new research from Durham University Business School. The researchers also claim that firms that monitor and manage the performance of their employees using HR analytics are also the ones that use financial incentives to staff intensively. Hence, there appears to be a positive relationship on the role financial incentives have on performance of employees and the use of HR analytics. Whilst also, the researchers discovered that the larger the organisation, the more likely they were to invest in HR analytics for monitoring, although this effect appeared to taper off for the largest firms. (more…)

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Awards and recognition for innovation can harm future levels of creativity
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Awards and recognition for innovation can harm future levels of creativity

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creativityNew research from Olin Business School at Washington University in St. Louis, published in the Journal of Applied Psychology, claims to have identified one reason why some first-time innovators struggle to repeat their initial creativity while others go on to continually produce creative works. Markus Baer, Professor of Organizational Behavior at Olin, and Dirk Deichmann, of the Rotterdam School of Management in the Netherlands, discovered that recognising first-time producers of successful novel ideas with an award or recognition can significantly decrease the likelihood that they will produce future creative work. (more…)

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Digital presenteeism now a pervasive cultural pressure
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Digital presenteeism now a pervasive cultural pressure

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digital presenteeismDamaging habits from the office have been imported into remote work, with a pervasive culture of digital presenteeism taking hold, according to a new report Killing Time at Work from Qatalog and GitLab Inc. The research also claims to reveal a new phenomenon which the authors have dubbed ‘async privilege’, with C-suite execs taking advantage of new freedoms to work on their own schedule, but not providing those same opportunities to junior members of staff. (more…)

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Corporate real estate firms lagging on digital transformation
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Corporate real estate firms lagging on digital transformation

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corporate real estate and digital transformationResistance to change and lack of resources are holding back real estate firms on digital transformation, a new report [registration] claims. The study involved more than 175 innovation leads in corporate real estate organisations at locations worldwide, including British Land, JLL, Cushman & Wakefield and Buro Happold. Authored by Swedish PropTech academic Olli Vigren, the report sets out to explain why the sector has fallen behind other industries in adopting new technology. (more…)

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Toxic work culture continues to bedevil certain sectors
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Toxic work culture continues to bedevil certain sectors

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toxic work cultureHealthcare is among the worst industries in the UK for a certain type of toxic work culture, a new study by Delamere claims. The study claims to have identified the industries with the worst attitudes towards what it calls toxic hustle culture. Hustle culture refers to people feeling pressured to work tirelessly in order to constantly make money and be productive. (more…)

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People who are proactive at work find their jobs more meaningful
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People who are proactive at work find their jobs more meaningful

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Being proactive at work is key to finding your job meaningful, a new study from ESSEC Business School suggests. According to the research, undertaken by Karoline Strauss, Professor of Organisational Behaviour at ESSEC Business School, proactivity at work and job meaningfulness are linked, especially when employees are otherwise unsure about the impact their tasks will have. (more…)

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Enduring problems holding back success of UK government property strategy
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Enduring problems holding back success of UK government property strategy

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government propertyLongstanding problems such as poor data pose major risks to the successful delivery of the UK Government’s property strategy, according to the National Audit Office (NAO). Central government property, valued at £158 billion, is one of government’s largest assets. It includes offices, hospitals, academy schools, jobcentres, courts, prisons and museums. The Office of Government Property (OGP) sets the strategic direction for the management of government property. The Cabinet Office has categorised properties into 12 portfolios (such as health, defence and school portfolios), 10 of which are led by a single department or arm’s-length body. The Government Property Agency (GPA) sets and implements a property strategy for the government’s office and warehouse portfolios. (more…)

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Four day week seen as unrealistic for millions of people
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Four day week seen as unrealistic for millions of people

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four day weekInterest in the four day work week is rising yet millions of UK workers are set to miss out, according to research from ClickUp. It found that certain careers are more likely to miss out on the idea of working a day less each week for no reduction in pay, as other employment sectors may go ahead. Businesses must take action to close these gaps to create equity for workers in the UK, the report argues. (more…)

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