May 21, 2019

CRE investment highest in cities with strong tech culture

by Marie Hillen • Cities, News, Property, Technology

Cities with tech innovation-oriented cultures have a strong competitive advantage amongst those investing in commercial real estate, claims a new report from JLL (registration). Of 109 cities analysed, the nine leading global markets – Boston, London, New York, Paris, San Francisco, Seattle, San Jose, Sydney and Tokyo, accounted for around 37 percent of total annual real estate investment volumes over the past decade. Like real estate investors, corporate occupiers also search for locations that have advanced innovation ecosystems, the report suggests. These cities sustain highly skilled workforces and are best placed to succeed in the future.

May 16, 2019

Working from home and the future of work. How quaint ⁰

by Mark Eltringham • Comment, Flexible working, Property, Technology

In 1962, a professor of communication studies called Everett Rogers came up with the principle we call diffusion of innovation. It’s a familiar enough notion, widely taught and works by plotting the adoption of new ideas and products over time as a bell curve, before categorising groups of people along its length as innovators, early adopters, early majority, late majority, and laggards. It’s a principle bound up with human capital theory and so its influence has endured for over 50 years, albeit in a form compressed by our accelerated proliferation of ideas. It may be useful, but it lacks a third dimension in the modern era. That is, a way of describing the numbers of people who are in one category but think they are in another.

May 16, 2019

Employers need to better understand flexible working

by Marie Hillen • Flexible working, News, Technology, Workplace

Employers need to better understand the needs of younger candidates, particularly that of flexible working, says Gartner, after its latest Global Labor Market Survey claims that a rise in Gen Z candidate’s regrets is leading to high turnover, low engagement and low productivity. According to the survey, 40 percent of Gen Z respondents reported that they would not repeat their decision to accept the job offer they had accepted and only 51 percent said they could see themselves having a long career at their organisation. More than one-third of candidates who regret their decision intend to leave their position within 12 months.

May 15, 2019

Increase in number of FTSE 100 CEOs from tech backgrounds

by Marie Hillen • Legal news, News, Technology, Workplace

Digital disruption has led to a rise in the number of FTSE 100 CEOs with a background in technology, but age, education and gender diversity remain stagnant, claim the results of the annual Robert Half FTSE 100 CEO Tracker. It shows that the proportion of FTSE 100 CEOs with a background in technology has increased by 27 percent in the last year, with 14 percent of CEOs now having a background in the sector. More →

May 13, 2019

People and employers have different perceptions of tech

by Neil Franklin • News, Technology

Employers and employees are at odds over how technology will impact productivity and worker satisfaction, according to a 2019 Talent Trends report Get ahead of the rising expectations of talent (registration) published by Randstad Sourceright. Based on a survey of global human capital leaders, board level executives and working professionals, the report claims that 81 percent of employers are excited about the opportunities artificial intelligence (AI) will present, while working professionals are more sceptical about the tech. Nearly half (44 percent) are concerned about losing their jobs. More →

May 9, 2019

People find connected devices creepy and intrusive

by Neil Franklin • News, Technology

A survey conducted in the United States, Canada, Japan, Australia, France and the United Kingdom by IPSOS Mori on behalf of the Internet Society and Consumers International found that around two thirds (65 percent) of people are concerned with the way connected devices collect data. More than half (55 percent) do not trust their connected devices to protect their privacy and a similar proportion (53 percent) do not trust connected devices to handle their information responsibly.

May 1, 2019

The impact of technology, cyber-risk and the future of corporate real estate ⁰

by Kate Langan • Features, Property, Technology, Work&Place, Workplace design

It’s no surprise to say that technology is having a significant impact on the workplace and the use of corporate real estate. The fast pace of change has seen technology impact all aspects of business, government and culture, as well as personal life, with a constant flow of new innovations and solutions helping us to do things more quickly and efficiently. Equally, technology also provides a challenge to business and, more specifically, corporate operations, with a whole array of disruptive technologies.

May 1, 2019

Tech workers would quit jobs for better work-life balance

by Marie Hillen • Flexible working, News, Technology, Workplace

The tech sector is facing high departure rates as employees’ complain of work impinging on their home life, coupled with a lack of learning & development opportunities. It’s been estimated that vacancies already outweigh skilled talent in the UK tech industry, where there are an estimated 600,000 vacancies. Yet nearly two-thirds (62 percent) of tech workers say they would quit their job to achieve a better work-life balance. The research from CWJobs of over 1,000 IT workers also discovered that this is even more important to Gen Z (aged 16-24), where seven in 10 (72 percent) would leave a company if this was compromised.

May 1, 2019

“First ever” dedicated UK India tech hub opens at Royal Albert Dock London

by Neil Franklin • News, Property, Technology

A newly delivered building at Royal Albert Dock (RAD) in London has been launched as the UK India Tech Hub to provide a designated space for technology firms from India and the UK. It is claimed to be the first venture capital fund that has partnered with a business district to create a tech hub anywhere the world. Under the partnership agreement, developer ABP London and investors Pontaq will provide technology firms with work space while Pontaq’s tech fund will be invested in tech start-ups to assist them to develop and expand. India High Commissioner, Ruchi Ghanashyam, and Under Secretary of State at the Department for International Trade, Graham Stuart MP, along with Mayor of Newham Rokhsana Fiaz, witnessed the signing of an agreement between Royal Albert Dock developer ABP London and the venture capital firm Pontaq. More →

April 30, 2019

Workplace design in tech sector out of step with demands of modern work

by Neil Franklin • News, Technology, Workplace design

HOK has released the second volume of HOK Forward, its annual report exploring a crucial issue in workplace design. HOK Forward: Tech Workplace Takes Center Stage investigates the distinct threats and challenges facing the tech sector and explores how these same challenges are affecting all companies, regardless of the industry in which they operate. More →

April 30, 2019

Role of AI and automation in recruitment poses a challenge for HR

by Mark Eltringham • News, Technology, Workplace

Last week, news emerged that an automated system at Amazon had started firing low performing workers, highlighting the new role of AI and automation in traditional HR practices. Now a new report from the CIPD claims that the use of such systems will have a widespread but mixed impact on jobs. According to the study, the introduction of these new technologies at work will see job opportunities grow, by enhancing roles, employee skills and their pay. However, lack of thought and planning on how people and technology work together is reducing productivity improvements and increasing the risk of people being left behind.

April 29, 2019

UK productivity slump linked to employee experience and lack of meaning, claims Deloitte report

by Mark Eltringham • News, Technology, Workplace, Workplace design

Only half of UK employees consider their organisations to be effective at creating a positive work environment and only two fifths consider their employer to be effective at creating meaningful work. With 84 percent of workers stating that employee engagement and productivity are linked and 68 percent say their organisations do not measure the correlation between employee engagement and productivity – suggests UK business leaders need to think differently to prevent productivity slumps. The findings are from the Deloitte Human Capital Trends 2019 survey, which tracks the top trends shaping the agenda for HR and business leaders both in the UK and globally. Employee experience, leadership and learning, respectively, led this year’s top 10 UK trends.