Search Results for: financial

UK staff showing higher levels of happiness – except those in finance sector

by • News, Workplace

Happiness at work in increasingFresh evidence that those working within the financial sector must be in it for the money as, following the news earlier this week that they get the least amount of sleep, they’re also the most unhappy with their work. A third (32%) describe themselves as unhappy at work compared to the 78 per cent of those working in sales, media, and marketing who class themselves as happy. Overall, the number of British workers who are happy at work has jumped by a fifth (20%) compared to this time last year according to Office Angels’ ‘Happiness at Work’ study. More than half (56%) of workers stated they were happy at work during quarter two 2013, compared to just a third (36%) during quarter two 2012.  More →

Research reveals UK’s shrinking workplace space standards and regional disparities

by • Facilities management, Flexible working, Knowledge, Property, Workplace design

Alice growingThe latest Occupier Density Study from the British Council for Offices reveals that London and the South East of England have some of the most spacious workplaces in the UK, in spite of the fact that London has the most expensive office space on Earth. The BCO research found that the South West has the highest density at 8.6 sq. m. per workstation while London (11.3 sq. m.) and the South East (12.7 sq. m.) have lower densities than all UK regions apart from Wales (11.4 sq. m.). Yet recent research from Cushman and Wakefield has identified London as the world’s most expensive city to rent office space and a report last week from BNP Paribas revealed the large disparities in total occupancy costs between London and the rest of the UK.

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We deserve better than a polarised debate about cellular v open plan offices

by • Comment, Facilities management, Workplace design

Jacques Tati's Playtime

Jacques Tati’s Playtime

Stimulated by a number of rather unsubtle commercial interests, the ‘in’ workplace discussion seems to have swung from ‘collaboration’ i.e. organisations need more new spaces for formal and informal collaborative interactions, to ‘distraction’ i.e. open plan workplaces are creating a loss of productivity because people whose work requires concentration are impeded by constant interruption. The implication of the latter is that people should keep their ‘cubes’ and open-plan should be avoided at all costs. You can see pretty quickly where the commercial axes are being ground can’t you.

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CBI calls on Government to incentivise businesses to invest in energy efficiency

by • Environment, Facilities management, Legal news, Property

carrot incentiveThe Confederation of British Industry (CBI) has published a new report calling on the Government to adopt a more streamlined and integrated approach to energy efficiency policies, including those relevant for the UK’s commercial buildings. The report also addresses a range of related benefits and obligations for companies to help them cut costs, manage risk and open up commercial opportunities. The report argues that energy efficiency has been neglected for too long, despite the fact that Government figures show a domestic industry that is growing at 4 percent a year, is worth £17.6bn in sales and supports 136,000 jobs.

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Law firm defies sector’s West End exodus with office relocation

by • Company news, Facilities management, Legal news, Property

Davenport Lyons AtriumThe relocation by law firm Davenport Lyons from London’s Mayfair to its new offices at 6 Agar Street in the West End next month, means it is one of the last remaining West End-based law firms – most have moved out of the area due to the increasingly exorbitant costs. Davenport Lyons, which has been based in its current Old Burlington Street location for 23 years, says it remains in the area to form a “legal hub bridging the gap between the financial institutions and wealth in Mayfair, and the commercial banking sector in the city and Canary Wharf.” The new office space is also designed to deliver a semi cellular space solution, reflecting the next phase in the law firm’s evolution. More →

UKIP quip that women not competitive enough for business obscures real debate

by • Comment, Legal news, News, Workplace

UKIP comment on women not competitive enough for business obscures real debate

The comment by UKIP treasurer Stuart Wheeler that women are not competitive enough to merit a place in the boardroom grabbed all of the headlines from an important debate on the introduction of gender quotas on City boards. The news broke on the same day that employment body the CIPD issued a warning that businesses will continue to lose talented female workers if they don’t offer them a better work-life balance.  With research showing that around half of female managers choose not to return to work following maternity leave, how far should employers be going to retain female talent and encourage workplace diversity, and does gender equality really require a legislative stick? More →

Costs of tenders deterring Scottish builders from bidding for public sector work

by • Knowledge, News, Property, Public Sector

Too expensiveConstruction firms in Scotland are increasingly reluctant to bid for public sector building work because of the spiralling costs of tendering for work, according to a new survey from the Scottish Building Federation. The SBF claims that the cost of tendering for public sector contracts has sky-rocketed in the past five years – and is now equivalent to £94 million each year as firms vie for a share of the £2 billion worth of public sector construction contracts awarded annually in Scotland. The survey claims that the annual cost to construction firms of participating in public procurement is now 4.4 percent of the total value of contracts, with builders reporting an increase of between 20 percent to 50 percent on most projects over the last five years.

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UK construction and manufacturing buoyant but mixed picture in global property market

by • Knowledge, News, Products, Property

Construction savingsThere are signs that the UK’s faltering economy is on the road to recovery.  Construction activity in the UK jumped sharply in July to hit its highest level in over three years, according to the latest Markit/CIPS  survey of purchasing managers. This may have been driven primarily by a surge in house building, but even the recently moribund commercial construction sector saw an increase in activity. However a new report from the Royal Institute of Chartered Surveyors has highlighted that while the UK may have reason to smile, the picture of global commercial property markets is very patchy.

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Predicting the future of the office means looking at what is happening now

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

display_img_01Futurology 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’. Most recently Steve Ballmer, a billionaire executive said in 2007 ‘there’s no chance that the iPhone is going to get any significant market share.’ But mone of these retrosepctively viewed dodgy predictions should make us blind to those that we know will certainly come true, especially those based on what we know is happening in the present.

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Show us the money. Increasing pressure for ROI on talent management initiatives

by • News, Workplace

Show us the money. Increasing pressure for ROI on talent management initiatives

Talent management is an integral part of the Human Resource role, but now HR professionals are being asked to provide some financial evidence. Four out of five (82%) of HR professionals are under increasing pressure to clearly demonstrate the financial return on investment of staff development a global study by Right Management has found. Although two thirds (65%) of UK-based senior HR executives believe that they are already highly effective at measuring the impact of their talent management initiatives, 85 per cent said that they are under rising pressure to demonstrate the outcome of these initiatives in monetary terms. More →

Keep up! new “megatrends” could have dramatic impacts on the world of work

by • Knowledge, News, Workplace

new megatrends could have dramatic impacts on the world of work

We are all aware to some extent or other of the ways in which work has changed significantly over the past few decades, but are employers sufficiently aware of, or prepared for, the future trends that will shape the way we work and the performance of our organisations and economies into the future? This is the question posed by HR body the CIPD in a major new discussion document Megatrends: The trends shaping work and working lives” as it launches a debate on the “megatrends” that are likely to shape the world of work, the workforce and the culture and organisation of workplaces over the next decade.

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Corporate Real Estate executives predict strong global economic outlook

by • Facilities management, News, Property

The global economic outlook is strong for the second half of 2013, while the prospects for corporate growth and expansion are also increasing, according to the views of corporate executives surveyed in June for the new CoreNet Global Confidence Index. Nearly two-thirds (62.5%) rated their outlook on the global economy for the coming six months as optimistic to very optimistic, compared to a year ago. Most (72.4%) reported the likelihood that flexible, open workplace strategies will increase, while space per work setting and/or work settings per supported worker will be reduced.

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