Search Results for: financial

July 15, 2013

EU opens consultation on reducing the environmental impact of buildings

by Sara Bean • Environment, Facilities management, News, Property

The European Commission is gathering views on how to reduce the environmental impacts of buildings. The consultation will focus on resources such as materials (including waste), water and embedded energy and aims to address resource use and related environmental impacts throughout the life-cycle of buildings, from the extraction of building materials to demolition and recycling of materials. James Drinkwater, Senior Policy Advisor for the Europe Regional Network of the World Green Building Council, welcomed the move: “It is incredibly important that the green building movement gets behind this evolution in building policy, and engages with the Commission on what the right strategic direction is going forward.” More →

July 5, 2013

UK’s superfast broadband arriving very slowly, claims government report

by Mark Eltringham • Flexible working, News, Technology

A new report from the National Audit office claims that the much vaunted roll out of superfast broadband to 90 percent of UK households is now two years behind schedule. The programme, seen as vital for the uptake of flexible working in rural areas, is now scheduled for completion in March 2017, around 22 months later than planned. The reasons identified by the NAO for the delays include six months awaiting EU approval along with a range of issues with the procurement of services including those related to the three key principles established to ensure the cost-effectiveness of the programme: the competitive framework; cost transparency; and the terms of supplier contracts. The NAO report claims that of these only the final principle is still functioning. BT is now the only bidder to provide services as others withdrew and it has failed to be sufficiently transparent about its costs.

July 3, 2013

Hours and pay are not key factors for work-life balance finds survey

by Sara Bean • Flexible working, News, Workplace

The key to a better work-life balance is not simply to work shorter hours or earn more money and working shorter hours does not necessarily make people happier. According to a new survey by recruiter Randstad those in the South East and Yorkshire & The Humber are most happy with their work-life balance, with 64 per cent saying they are content, despite those in the South East having one of the longest average working weeks in the UK. The survey also found that those working in property and construction (88%) were amongst the happiest with their work-life balance, coming third after the utilities and insurance sectors. Those least happy with their work-life balance were the East of England (51 per cent) and South West (55 per cent) – yet those in the South West have a shorter average working week than most of the UK. More →

July 2, 2013

Younger workers’ CSR ethics don’t necessarily extend to older generation

by Sara Bean • Comment, Legal news, News, Workplace

Is ageism one of the last bastions of accepted prejudice in the UK? Take the Daily Mail’s “night of the living dead” coverage of the Stones’ Glastonbury performance – deemed acceptable where jokes regarding gender, race or disability are not. A new survey illustrates this attitude. Nearly half of younger workers in a recent poll think older colleagues are in danger of stifling their career prospects by retiring later, that their prolonged presence could damage productivity and that they have very little to teach the younger generation. Yet over half (55 per cent) of Generation Y workers questioned in the poll say the ethical credentials of a company would influence their choice of employer. Since the scrapping of the Default Retirement Age (DRA) the number of over-65s in the labour force has exceeded one million, and the survey, carried out for KPMG by OnePoll warns that tensions could rise as the need for employees to stay in the labour force for longer growing due to social and financial pressures. More →

June 26, 2013

Govt incentives needed to promote energy efficiency for non-residential buildings

by Sara Bean • Environment, Facilities management, News, Public Sector

The Government should conduct a comprehensive assessment of non-residential low-carbon policies to ensure they work effectively said the Committee on Climate Change (CCC) in its latest annual progress report to Parliament today. Progress in implementing some of the measures required to meet carbon budgets was limited in 2012, it warned, while the simplification of the CRC energy efficiency scheme beyond the CCC’s original recommendations has further eroded the incentives to improve energy efficiency it set out to provide. John Alker, Director of Policy and Communications at the UK Green Building Council, said: “Just one day before the release of official statistics on the Green Deal, the CCC’s report is a timely reminder that the Coalition’s flagship energy efficiency policy needs to be further incentivised to encourage take-up.”

June 20, 2013

Land Securities £260m development confirms City office confidence

by Sara Bean • Architecture, Company news, News, Property

Land Securities announcement today of a £260 million development of 1 & 2 New Ludgate, EC4, a speculative mixed-use development in the City of London confirms a growing confidence in the City office market. The 379,000 sq ft scheme occupies an island site near St Paul’s Cathedral and comprises two distinct buildings united by a new public piazza, which together aim to offer 346,000 sq ft of office accommodation set around open and green spaces. Colette O’Shea, Head of Development, London said: “Our decision to commence the speculative development of 1 & 2 New Ludgate reflects our confidence both in the City office market, where we believe supply of new space will be constrained in 2015, and in the quality of the attractive and highly efficient office space we are creating.” More →

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.