Search Results for: financial

June 19, 2013

Employers struggling to recruit the right talent finds survey

by Sara Bean • Knowledge, News, Workplace

Employers are having to work harder than ever to find the right talent to fill vacancies, with the proportion of employers reporting an increase in competition for well-qualified talent increasing threefold from 20 per cent in 2009 to 62 per cent in 2013. The annual CIPD/Hays Resourcing and Talent Planning Survey 2013, which examines resourcing and talent planning strategies across private, public and voluntary sector organisations, reveals that six in ten organisations had experienced difficulties filling vacancies in the past year, and although more than half of organisations report that they make use of social media in resourcing, just two fifths have a dedicated strategy. More →

June 6, 2013

Workplace wellness initiatives improve job morale, satisfaction and performance

by Sara Bean • Knowledge, News, Workplace

It emerged this week that workplace wellness programs may not be as effective as previously thought in creating a healthier workforce and, of particular relevance for US firms, reducing health-care costs, but another US study paints a more positive picture. While concurring that determining the bottom-line impact of wellness programs continues to be a challenge for employers, this latest study does find a strong link between the wellness and vitality of an organisation and the health and wellness of its employees, which impacts directly on employees’ increased job morale, satisfaction, commitment and performance. The survey of approximately 1,300 businesses and 10,000 employees conducted by Virgin HealthMiles, Inc. found that workers also place a premium on the culture of wellness with 87 per cent claiming that health and wellness initiatives play a role in determining their employer of choice. More →

June 3, 2013

Law firm Shoosmiths moves into new Birmingham office

by Mark Eltringham • Company news, Workplace design

Law firm Shoosmiths has taken possession of its new Birmingham office. The Shoosmiths’ team completed the move to Two Colmore Square over the May bank holiday weekend. This involved the movement of all 180 legal advisers and support staff to Two Colmore Square with immediate effect from its former office at 125 Colmore Row. The 40,000 sq ft office is part of Nurton Developments’ successful Grade A office scheme in Birmingham and offers the largest floor plate in the city. The 21 week programme of office design and fit-out work was carried out by Claremont Group Interiors. The work on behalf of Nurton Developments included Cat A works, interior design, Cat B fit-out, furniture and audio-visual technologies.

June 3, 2013

Infographic: how work related social media use varies by country, gender and sector

by Mark Eltringham • Knowledge, Technology, Workplace

A new survey from Microsoft has highlighted a widespread mismatch in the use of social media in a business context across regions and between gender and age groups. It also claims that firms should be more open to social media use and that their unwillingness to adopt them more openly is hampering personal productivity. In the survey conducted in conjunction with Ipsos, nearly half of employees report that social tools at work help increase their productivity, but more than 30 percent of companies underestimate the value of these tools and often restrict their use. An infographic of the survey’s main results can be found here.

May 29, 2013

Crown Estate in £320m joint venture to redevelop area around Regent Street

by Sara Bean • Company news, News, Property

The Crown Estate, which manages the Queen’s property portfolio has announced a joint 50/50 – £320 million venture with Canadian real estate company, Oxford Properties. The Crown Estate, which will retain the freehold and take the lead role in the development says the St James’s scheme will provide 210,000 ft² of prime office and 50,000 ft² of flagship retail and restaurant space in two blocks located between London’s Regent Street and Haymarket. The project forms part of the Crown Estate’s ten-year investment strategy for St James’s and will transform a run-down back street service yard and taxi ‘rat-run’ with: “a fantastic new amenity for St James’s, revitalising half and acre of public realm and creating a new 10,000 ft² pedestrian square for world-class business, shopping and dining.” More →

May 28, 2013

Three quarters of London investment banks set to trim corporate real estate

by Mark Eltringham • Knowledge, News, Property

According to a new report from CBRE, nearly three quarters (72 percent) of investment banks based in London are looking to cut their corporate real estate portfolios over the next two years as they adjust to a changing global market for their services as well as structural changes in the UK’s regulatory framework. As well as trimming London based properties, the report says that banks will continue to relocate functions to the UK regions in an effort to reduce costs. Since the low point of 2009, rents in the City of London have increased from £42.50 per sq ft to about £55 per sq ft. The survey also found that just over a third (34 percent) of banks expect to see cuts as a result of mergers and acquisitions in the sector.

May 28, 2013

Wellness programmes largely a waste of time, claims US report

by Mark Eltringham • Knowledge, News, Workplace

According to press agency Reuters, a long-awaited report on workplace wellness programmes, which has yet to be published, delivers a blow to the increasingly popular efforts by employers to address the waistline of employees as well as the bottom line of their businesses. According to a report by researchers at RAND Corp in the US, the now commonplace corporate sanctioned wellness programmes that encourage employees to become healthier and reduce absenteeism and medical costs only have a modest effect. RAND delivered the analysis to the U.S. Department of Labor and the Department of Health and Human Services last Autumn as part of a Government review ahead of new legislation.

May 17, 2013

Survey into UK culture of overwork highlights need for better worklife balance

by Sara Bean • Knowledge, News, Workplace

A new study is published today which reveals how the UK’s long hour-culture is damaging family life, causing high stress levels, cutting time spent with loved ones and creating an inability to switch off from work. A survey of more than 1,000 working parents throughout the UK, commissioned by health cash plan provider Medicash, found that 83 per cent of working parents feel guilty about the amount of time they spend working, with 50 per cent saying it has a negative impact on relationships with their children, and almost half (45.9%), saying it caused problems in their relationship with their partner and caused them to neglect friends (25%).

May 15, 2013

RICS developing BIM accreditation standard to advance uptake

by Sara Bean • Architecture, Facilities management, Knowledge, News, Property, Technology

Alan Muse, Director of Built Environment Professional Groups (RICS) is calling for a cultural shift to ensure that Building Information Modelling (BIM) is more widely adopted. This follows the results of a survey taken at the RICS National BIM conference which revealed that despite its overwhelming recognition within the built environment nearly half of respondents were still not using the process, with 46 per cent identifying minimal client demand as a major factor preventing their implementation of BIM. Comments Muse: “Quite simply, some clients are not yet recognising the efficiencies that BIM can bring”, which is the reason why RICs is now developing a BIM accreditation standard.

May 15, 2013

Long term investment in infrastructure needed to boost UK economy

by Mark Eltringham • Knowledge, News, Property

The UK government should reverse the long term slump in infrastructure investment to boost the economy, according to a new report from the Centre for Economic and Business Research and the Civil Engineering Contractors Association. The report, Securing Our Economy: The Case For Infrastructure, calls for the government to address the decade long £13bn infrastructure construction shortfall and lays out a series of recommendations to reverse the situation. The report claims the UK endures a £78bn GDP ‘black hole’ each year due to the lack of investment and that by investing at the level of other developed economies, the economy could enjoy an additional £100 billion each year by 2026.

May 14, 2013

English Heritage clarifies requirements for post-war office buildings

by Sara Bean • Facilities management, Legal news, News, Property

The results of a pilot project to review list descriptions for post-war commercial offices has been announced by English Heritage. The revisions to 28 commercial offices by the conservation body have better identified the special interest in these buildings, which in many cases are the exterior and internally are usually limited to spaces such as lobbies and board rooms. When other parts of the building, such as basements and working floors are not of interest, this is said explicitly, thereby giving owners greater flexibility and clarity in the consents process and the management of change.

May 13, 2013

Green Office Week kicks off with a focus on individual behaviour

by Mark Eltringham • Comment, Environment

This week is Green Office Week. Obviously it’s corporate sponsored, self-designated and arbitrarily timed with all the ways that leaves it open to criticism. It also offers pretty standard advice for the most part and many people and organisations will be well aware of it. What is interesting is that so much of the advice is about individual behaviour, across the daily themed topics. In some ways this is a welcome reminder that the solution to environmental issues is as much about personal behaviour and management as it is technology. The answer to needlessly burning lights should be somebody remembering to turn them off, rather than a movement sensor. Or it should be both. In practice, people don’t meet their own stated commitments to the environment and there are some pretty good reasons for this.