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Approval granted for new 27-storey office building at Canary Wharf 0

Planning permission for 1 Bank Street at Canary WharfPlanning permission has been granted for a new 27-storey office building at 1 Bank Street, Canary Wharf in London. The new 700,000 sq ft office building will comprise office space, three levels of trading floors, a retail unit at ground level, a free-standing retail kiosk on South Dock Promenade, public realm, planting and landscaping and basement car and cycle parking. There will also be public access to a new promenade along the South Dock. According to developers Canary Wharf Group, the new offices will provide capacity for an additional 5,837 full-time equivalent jobs. French bank Société Générale, has already agreed a lease for 280,000 sq ft of 1 Bank Street, covering the ground and first to seventh floors on a 25 year lease. Tower Hamlets also granted Canary Wharf Group outline planning permission for just over 1 million sq ft of space at 1 Park Place.

Managing the Millennials should be no different to the other generations

Mult-generational workersThere is much debate about the way the group known as Millennials should be treated. Millennials, those born between the early 1980s and the early 2000s, are viewed as different to my peers, Generation X (those born in the 60s and 70s), and certainly vastly different in outlook to the post-war Baby Boomers and the pre-war Veterans. A stereotypical view is that these newbies are highly ambitious and want everything ‘now’, for example, regular pay rises and instant promotion without putting in the work. Yet I believe that Millennials should not be viewed as a distinct group and what we are in fact seeing are long-term changes as a result of trends in society and the workplace. So while employers may recognise the particular needs of Millennials it is these long-term changes they should really be addressing.

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UK labour productivity continues to flatline in spite of upturn

flatline_8205UK labour productivity continues to flatline in spite of the recent economic upturn, according to a new report from the Office for National Statistics. Overall productivity as measured by output per hour fell by 0.2 percent in the fourth quarter of 2014 compared with the previous quarter. In 2014 as a whole, labour productivity was little changed from 2013, and slightly lower than in 2007, prior to the economic downturn. As ever, the devil is in the detail. There were notable increases in productivity in both manufacturing and construction but the modest gains in service industries obscure the fact that there is a great deal of variation across sectors and also the fact that any gains reflect a greater number of hours worked rather than an increase in the overall number of people employed or their underlying productivity.

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Flexible working and recognition linked to happiness at work

happiness at workThe eternal quest for happiness is the subject of two new reports which conclude that if you want to feel more satisfied with your working life, it’s important to feel as if you are in control of it. New research from Professor Andy Charlwood at Loughborough University claims that government and employer policies that give people greater flexibility to choose the hours they work helps to foster their wellbeing and that overworked people are less satisfied with their lives and experience lower levels of psychological wellbeing overall. A second, less scientific study commissioned by US software provider InLoox claims that one of the most important determinants of happiness at work is an ability to work unsupervised or not to report to anybody at all so, if you must have a job, make sure you’re in charge.

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New safety regulations to affect even routine building maintenance tasks

New safety regs to affect even routine maintenance jobsAny organisation which intends to contract for construction work could risk fines or imprisonment if they do not comply with new legal safety regulations covering site management. Pinsent Masons, the law firm behind Out-Law.com  is warning that The Construction (Design and Management) (CDM) Regulations, which come into force on 6 April, will affect all construction work in the UK. The regulations give ‘clients’, meaning anyone for whom a project is carried out, a greater role. Once in force, the regulations will require commercial firms to appoint a principal designer and principal contractor whenever any work involves more than one contractor – even where the work involved is very limited and over quickly. The scope of ‘construction work’ under the regulations is wide, covering everything from major infrastructure projects to installing new showers.

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Driverless cars will transform the UK economy by 2030, claims report

Driverless carsA new study from the Society of Motor Manufacturers and Traders (SMMT) and KPMG claims that the development of connected and autonomous vehicles will help generate 320,000 jobs in the UK and deliver huge benefits to society and the economy. The first ever comprehensive analysis of the opportunities provided by the new technology claims that by 2030 driverless cars will deliver a £51 billion boost to the UK economy, reduce congestion and carbon emissions and cut serious road traffic accidents by more than 25,000. By that time all new cars will incorporate some form of connectivity, according to the report’s authors. It also predicts that the UK will be a global leader in the production of this next generation of vehicles, with the support of Government including financial backing. The study was presented at last week’s SMMT conference in London.

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MIPIM demonstrated how property industry is moving with the times

16600996569_f9cd51af5f_kIn its 26th year, the colossus conference that is MIPIM was back in full flow. With 93 countries were present, 4, 500 investors and 22, 000 registered delegates there were numerous developments presenting opportunities around the world. And crucially, there were more people apparently buying than selling, meaning that strong investment activity will follow. A dumbfounding prediction from property agent Cushman & Wakefield, that global real estate investment could rise 11% to 1.2 trillion euros – an indication of just how much healthier the market is. However, the renewed positivity isn’t simply a return to the ‘good times’, it is apparent that the pain the recession brought in 2008 hasn’t been forgotten and we are seeing a revised formula for property that includes sustainability, collaboration and – crucially – people.

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Guidance published for SMEs on management and wellbeing of older workers

Guidance published on supporting older workers wellnessSince the the Default Retirement Age (DRA) was abolished in 2011, there’s been a growing awareness that the UK population is ageing at a rapid rate. One in six people in Britain are now over 65, with eight million workers aged 50 and over. But what is often overlooked is that the majority of older workers work for small and medium sized businesses. Of the 8 million workers who are 50 and over, 5.2 million work for businesses with less than 250 employees. Now in the first of its kind to specifically target smaller employers, new guidance published by Healthy Working Lives, part of NHS Health Scotland, aims to provide advice on hiring and managing older employees. Managing Healthy Ageing Workforces has been written by Dr Matt Flynn, Director of Newcastle University’s Centre for Research into the Older Workforce, and Kathleen Houston, Development Manager for Healthy Working Lives.

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Multi generational workplace could boost economy by £25 billion

mult generational workplaceThe Government has published a new report which describes the challenges faced by the UK’s over 50s in the workplace and sets out ways in which more of them can stay or move into work. The report is the culmination of eight months’ work by a team led by the Government’s ‘ageism tsar’ Ros Altmann and highlights why action is needed based primarily on the twin issues of demographic change and increasing life expectancy. The report, Retain, Retrain, Recruit, recommends action that would help older workers thrive and ensure individuals, industry and the economy can reap the financial and social benefits of a multi generational workplace. The report outlines how businesses could recruit more older workers, retrain existing staff and provide greater flexibility to retain them as well as setting out measures that should be taken to reflect the multi generational workforce in the media and policy making.

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A third of Britons claim their employers still don’t offer flexible working

small businessesMore than a third (37 percent) of British employees claim their employers are not yet offering flexible working arrangements, according to a report from unified communications firm Unify. This is in spite of the fact that nearly all UK employees now have the right to request flexible working following the introduction of revised legislation last Summer. The survey of staff at more than 1,500 businesses in the UK also claims that 39 percent of respondents said they would be more loyal to the business if it offered more flexible working options. According to the report, Humanising the Enterprise, a further 28 percent said they have no preference about where they get work done and 40 percent said they would find it liberating if they were able to work entirely outside of the office. Over half (51 percent) said their colleagues and other interruptions distract them from doing their jobs.

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Firms not offering staff the technology they need, claims report

Flexible working techMore than half (55 percent) of UK employees believe they do not have access to all the technology needed to do their jobs, according to research by Fujitsu. The study, Digital Inside Out, was based in a survey of just over 1,400 UK based employees and claims to reveal a significant disconnect between the needs of a digital-savvy working population and the digital services UK employers are currently providing. According to the report, 73 percent of UK employees believe that digital is vital to the future success of their organisation. However despite this, only 45 percent of employees feel they are provided with access to the technology services and applications they need to do their job sufficiently and 29 percent state that their ability to do their job is being hindered due to poor digital services. The report argues that the mismatch can be very costly for organisations.

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Two new reports highlight potential benefits of flexible working for women

flexible working womenTwo new reports published this week highlight the potential benefits of flexible working for both employers and staff, especially women. According to a Workingmums.co.uk Best Practice Report, only 36 percent of employers have a flexible working policy despite over half thinking it improves retention, particularly of women, and over a third saying it makes people more efficient. Meanwhile, a study from the TUC claims that around half of the net growth in female employment in 2014 came from women moving in to lower-paid part-time jobs. The analysis claims that while full-time employment accounted for all of the net growth in male employment last year, for women full-time employment accounted for just 47 per cent of net female jobs growth. The TUC also claims that women who moved into part-time jobs during 2014 were typically employed on much lower rates of pay than those in full-time work.

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