May 23, 2019
The majority (90 percent) of Grade A deals for commercial offices in Edinburgh so far this year came from the tech sector, according to Savills, resulting in TMT being the most active business sector of the first quarter of 2019. Key deals included Amazon signing for 30,000 sq ft at Exchange Crescent and Epic Games taking 10,000 sq ft at Quartermile 2. This reflects that fact that over the past five years, Edinburgh has seen employment growth of 7 percent in the professional scientific and tech industries and is forecast to see a further 11 percent over the next five years; resulting in a projected 3,800 net additional jobs in these industries
May 22, 2019
Younger people across the world are increasingly disillusioned with traditional institutions, sceptical of business’ motives and pessimistic about economic and social progress, according to the 2019 Deloitte Millennial Survey. The survey claims that despite global economic growth, expansion and opportunity, younger generations are wary about the world and their place in it. But they remain hopeful and lean on their values as both consumers and employees. More →
May 22, 2019
Digital innovations, and in particular, cloud computing is enabling increasing numbers of employees to work remotely and flexibly. This means the central company workspace is rapidly becoming an administrative hub, rather than a traditional central focus where everyone gathers during set hours. This is according to Condeco’s new research paper, The Modern Workplace 2019: People, places & technology (registration) which claims that 41 per cent of employers already offer remote working, while 60 per cent now allow employees to set their own flexible hours. More →
May 21, 2019
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
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 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
The piece I wrote on workplace bullshit last week came in for quite a bit of attention and also meant I was pointed to this excellent article on how to spot it when you see it. Lots is said about the skills we’ll need to cope with the challenges of the current Century, but this is perhaps one of the most important. Especially trying to spot it in ourselves. Paradoxically, we already seem reasonably able to spot it in our politicians. There are some more high profile examples obviously, but here’s Amber Rudd peddling the nonsense that people will simply swap out their current drudgery for creative work, taking up painting and learning the ukulele when their jobs are eroded by automation. This is complete piffle and we need to have a far more grown up and sophisticated conversation about what it all means and leave behind the apex fallacy of the ‘21st Century Worker’.
May 15, 2019
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
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
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
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
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.