Search Results for: financial

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.

May 11, 2013

JSA launches latest league table of European office furniture companies

by Mark Eltringham • Company news, Furniture

As the world gets smaller and the communications revolution continues apace, one relatively unnoticed casualty is the design individuality of offices. Time was when you could walk into an office and the furniture would tell you whether you were in Paris, Frankfurt, New York, Milan, Moscow or London. The colours, shapes, materials, construction and image of the furniture were all very local, almost parochial. Who could fail to be struck by the muddy oranges and greens of a French office? Or the inevitable mahogany or teak real wood veneers used in the UK? The panels, worksurfaces and storage units which made up US cubicles were rarely seen outside North America and the massive, dark wood desks and cabinets in Central European deliberately overawed visitors and staff alike.

May 7, 2013

Over 90 percent of UK staff afflicted with bad case of presenteeism

by Mark Eltringham • Knowledge, News, Workplace

We’ve always known that many of us have a tendency to come into work when ill even though we would be better off staying at home, but the problem of people turfing up in the office when they should be in bed or a GP’s queue is worsening according to a new report from insurance company Canada Life. Knocking into a cocked hat all the various surveys which detail the UK’s ‘working days lost’ due to stress?snow/The World Cup/hangovers and idleness, the survey claims that as many as 93 per cent of UK employees have hauled their diseased carcass into the workplace when they really shouldn’t, threatening their own health and the wellbeing of those around them.

May 2, 2013

UK Green Building Council sets out its plans for the built environment

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

The built environment is an engine for green growth and UK Green Building Council (UK-GBC) intends to demonstrate how, says the sustainable buildings campaigner today as it outlines specific areas of focus to promote green building over the next 12 months. This follows the publication of its Impact Report earlier this week which reflected on some of its key initiatives over the past year, including the launch of Pinpoint, a new search engine for information on green building, the publication of a plan for growth strategy and its work to influence government policy regarding the built environment.

May 1, 2013

Global coalition to create universal standard of property measurement

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

The world’s leading property institutions meet today to create a universal method of measuring property assets. At present, the way property assets – such as an office development is measured, varies widely from country to country. With so many different methods of measurement available, it makes it difficult for those looking to invest in these developments to compare like with like. This confusion can affect property values, lead to errors in financial reporting and, consequentially, undermine market confidence. Headed by RICS, this initial meeting of the International Property Measurement Standards Coalition (IPMSC) is the first step to delivering this consistency.

April 30, 2013

Balfour Beatty profits warning cites challenging construction sector

by Sara Bean • Company news, Property

Building and infrastructure firm Balfour Beatty has issued its second profits warning in six months, with the announcement that its UK construction business is expected to deliver significantly lower profits than expected this year. The company said the UK construction market has been a challenging environment in which to win and execute work, adding: “Market conditions which deteriorated significantly in the second half of 2012 continue to be difficult. Change in procurement trends, which we have previously highlighted have persisted, allowing customers to impose increasingly stringent conditions onto contractors.”

April 30, 2013

New survey reveals risks of cutting costs in corporate real estate

by Mark Eltringham • Facilities management, Knowledge, News, Property

A new report from Jones Lang LaSalle claims to highlight how those firms who see their property as a driver of added value rather than a cost reap rewards in the form of higher revenue, employee performance and shareholder returns. In contrast, those firms who view their facilities as a cost and seek to reduce those costs for short term gain are, in fact, storing up long term problems and risks. JLL’s report – Global Corporate Real Estate Trends – claims to reveal the top five corporate real estate risks, including negative impacts on competitive advantage and profitability from cost cutting, procurement processes, lack of collaboration between functions and failure to drive productivity.

April 19, 2013

Flexibility not finance motivates Generation Y workers

by Sara Bean • Knowledge, News, Workplace

Millennial or Generation Y workers are not the bunch of entitled youths we’ve been led to believe. Those born between 1980 and 1995 say they would choose workplace flexibility, work/life balance and the opportunity for overseas assignments over financial rewards. PwC’s NexGen survey reveals that millennials view work as a thing rather than a place that requires a traditional nine to five routine, so are more likely to stay in a job if they feel supported and appreciated, are part of a cohesive team and have greater flexibility over where and how much they work. This contrasts with the non-millennial generation, who place greater importance on pay and development opportunities.

April 13, 2013

Report highlights changing occupier demands in City of London property

by Mark Eltringham • Knowledge, News, Property

A new report from DTZ has outlined the ways in which the City of London property market is changing in response to occupier demand. As has been revealed in previous recent surveys, one of the most significant factors is a shift in focus away from the City’s traditional financial services heartland towards the technology, media and telecoms (TMT) sector. Other structural changes include greater demand for different types of facilities from law firms as the legal sector adjusts to developments in its own market. The broader base of tenants and the expected economic upturn will mean a gradual improvement in demand although the report concedes that even by 2017, the market will not have returned to its peak.

April 2, 2013

Survey reveals rising confidence of UK workers

by Sara Bean • News, Workplace

Competitive pay and benefits are the most important requirements of a new employer, before job security, according to new research from recruiter Randstad. In 2012, 27 per cent of people said long-term job security was the most important factor in choosing to work for a specific company – more than any other issue, but this has now fallen to 16 per cent, the lowest it has been in three years. Mark Bull, Randstad’s UK CEO, said: “The UK’s workforce appears much more bullish. In 2011 and 2012 the number one priority for people was job security – now it is salaries and benefits.”

March 27, 2013

U.S. employers plan penalties to boost wellness participation

by Sara Bean • Knowledge, News, Workplace

U.S. wellness

Following on from the revelation that wellness programmes are only as good as the willingness of staff to participate, comes a study from the U.S. which highlights the role incentives can play in employers’ efforts to improve workforce health and performance. Aon Hewitt’s survey of nearly 800 large and mid-size U.S. employers representing more than 7 million U.S. employees found that 83 per cent now offer employees incentives for participating in programmes, while 58 per cent plan to impose consequences on participants who do not take appropriate actions for improving their health.