Search Results for: financial

Hong Kong and London world’s most expensive cities for start ups

by • Knowledge, News, Property

Hong KongA new report from property consultants Savills based on the total cost of setting up in business in the world’s major cities has today revealed that Hong Kong is the most expensive of the ten cities in which to locate, with London in second place and New York a close third. The total real estate cost of setting up business in all three cities is now almost three times that in the best priced world capitals, Shanghai and Mumbai. The report will be published in full on the 20th March as The World Cities Review and includes measures of headline rent, tax and other charges.

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Economic benefits of green buildings highlighted

by • Environment, Knowledge, News, Property

worldInHands

Green buildings can be delivered at a price comparable to conventional buildings, with investments recouped through operational cost savings and, with the right design features, create a more productive workplace, says the World Green Building Council (WorldGBC). A new report, which looked at the benefits from green buildings received by different stakeholders throughout the life cycle of a building, “synthesizes credible evidence from around the world on green buildings into one collective resource, and the evidence presented highlights that sustainable buildings provide tangible benefits and make clear business sense,” said Jane Henley, CEO of WorldGBC. More →

Staff development still tops European employers’ priorities

by • Knowledge, News, Workplace

Image credit: <a href='https://www.123rf.com/photo_10259161_portrait-of-successful-young-businessman-showing-presentation-in-a-meeting-at-office.html'>logos / 123RF Stock Photo</a>

European employers are still maintaining ambitious staff development plans, despite the gloomier macro-economic climate. According to a study by Aon Hewitt, the proportion of companies that expect to add new jobs in 2012 has increased to 47 per cent, overtaking the number of companies foreseeing a reduction of their workforce (31 per cent). Explained Leonardo Sforza, chair of the European Club for human resources Scientific Committee: “The slow and painful road to economic recovery is not discouraging successful multinationals from continuing to invest in their human capital and from demonstrating the belief that their people remain the most powerful engine for sustainable growth and innovation.” More →

Workplace Anachronisms: No. 1 – the BCO Specification Guide

by • Comment, Facilities management, Property, Workplace design

Boy Wearing Men's Dress Shoes and Suit --- Image by © Royalty-Free/CorbisThe British Council for Offices claims that it is ‘Britain’s leading forum for the discussion and debate of issues affecting the office sector. Its members are organisations involved in creating, acquiring or occupying office space, whether architects, lawyers, surveyors, financial institutions or public agencies.’ If true, this makes its Specification Guide all the more remarkable for not only being wide of the mark about at least one key issue when it was published back in 2009, but about which it is growing increasingly redundant by the day.

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What gets measured in the workplace, gets managed

by • Comment, Facilities management, Technology, Workplace design

MeasureAre we finally seeing the first signs of the end of the downturn?  Earlier this week the Government announced that UK unemployment had fallen. While I know there have been quibbles about what this all meant, other data from specific market sectors backs up the idea that we may be seeing some tentative causes for hope.  One of the most heartening was last week’s survey from Randstad which reported growing levels of optimism among financial services firms about their prospects and the fact that the majority would be increasing headcount this year.

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Change of ways needed to tackle ailing UK workforce

by • News, Workplace

Staff ill health

The best way of tackling ill health is to stop workers from getting ill in the first place, suggests new guidance from the TUC. It may seem as if the union is stating the obvious, until you reflect on the news, reported exclusively by HR magazine earlier this week that the UK was among the 10 worst performing countries for employee wellbeing last year, according to the Workforce Quality of Life Index (WQLI) report  by Kenex, which measures wellbeing from the employee’s perspective. Now the TUC report, Work and well-being, provides evidence that employers who create healthy workplaces can reduce employee absence and boost productivity. More →

Flexible working seen as of more benefit to employers than staff

by • Knowledge, Legal news, News, Technology, Workplace

Flexible working

Nine in ten UK professionals think that flexible working will become the dominant employment model – but half think it will be adopted for business reasons rather than to benefit the workforce. According to research from specialist HR recruiter Ortus, just one in ten professionals (12 per cent) actually deem flexible working to be a vital benefit – lower than the proportion who said a free company mobile phone is vital to them. And just 1 in 10 said they thought it was being implemented to help with gender equality. In the survey conducted among 450 professionals across a variety of sectors, 51 one per cent felt the reason behind the growth of flexible working is efficiency and productivity – not to help people manage the number of hours they work. More →

Net-Zero buildings top measure of sustainability success

by • Architecture, Environment, News, Property, Workplace design

the Crystal

Net-zero commercial buildings, i.e. those that produce at least as much energy as they consume should be the long-term aim of corporate energy strategies, says a CoreNet Global statement. “Smart and responsible energy policies and practices reduce corporate carbon footprints and greenhouse gas emissions, (and) we encourage our members’ companies to drive energy efficiency to optimal levels with net-zero buildings as a top measure of long-term success.” The global real estate association calls on governments around the world to incentivise building owners, investors and occupiers who proactively reduce their carbon footprints. More →

Tech and media companies continue to reshape the world’s cities

by • Architecture, News, Property, Technology, Workplace design

google-doodleTech and media companies continue to shape the world’s cities and local property markets according to a recent report from BNP Paribas. While this is a global phenomenon, some of the most dramatic developments will take place in London, not least a shift of tech firms in the city away from their heartland towards Kings Cross following Google’s $1bn purchase of 2.4 acres of land within a major new development in the area. The new development may become a hothouse for technology companies in spite of the UK Government’s focus on promoting Tech City and surrounding areas in East London.  More →

Whatever the office of the future is, it should be there to serve people

Whatever the office of the future is, it should be there to serve people

by • Comment, Facilities management, Furniture, Technology, Workplace, Workplace design

Larkin BuildingFuturology is notoriously a mug’s game. Especially when it comes to making predictions about technology. Just ask Ken Olson, the founder of DEC who in 1977 pronounced that ‘there is no reason anyone would want a computer in their home’. Or Bill Gates himself who once claimed that Microsoft ‘will never make a 32 bit operating system’. But that shouldn’t make us blind to those predictions that we know will largely come true, not least those based on what we know is happening in the present. This is typified by research carried out by Cass Business School and Henley Business School and presented in a book called Future Work: How Businesses Can Adapt and Thrive in the New World of Work. It found that two-thirds of the 360 managers it surveyed believe that there would be a revolution in working practices over the coming decade. Ninety per cent said that staff were more productive when empowered to decide when and where and how to work.

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British investors still see Dubai as an attractive proposition

by • News, Property

DubaiBritish investors continue to see the property market in Dubai as a good bet, according to new statistics from the Emirate’s Land Department. Of the $16 billion invested in Dubai properties last year, over $12 billion came from overseas investors. Indians led the field with total investments of $2.5 billion followed by Britons ($1.36 billion) Pakistanis ($1.09 billion) and Russians only $545 million – roughly the amount Roman Abramovich hides in his sock drawer for emergencies.  The department’s director-general, Sultan Butti Bin Mejrin, said this showed how Dubai had recovered from global financial crisis with the help of support from local government.

What Ronald McDonald can teach us about office design

by • Comment, Furniture, Workplace design

McDonalds1As the UK continues to agonise over the potentially equine provenance of many of its beef products, one firm that has managed to stay above it all is McDonald’s. While rivals Burger King quickly became embroiled in the scandal after traces of horsemeat were found in its Burgers, McDonalds ramped up its claims in the national media that it only uses 100 per cent beef. McDonald’s has had a pretty good couple of years, and not all of it is down to the food. During 2012, the company spent $1.45bn this year on giving 2,400 stores a makeover. It claims that it has now revamped 90 per cent of its UK stores. More →

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