Search Results for: development

London’s allure for Millennials is less than it was, claims report

London’s allure for Millennials is less than it was, claims report 0

MillennialsThe allure of London for Generation Y appears to be fading,  according to a new report from Lloyds Commercial Banking. According to the study of 200 Millennials and 400 SMEs, the most talked about Generation appears increasingly happy to work for a small firm, wherever they are located. The survey claims that relocating to London is not on the agenda for half (51 percent) of Millennials, who would be happy to move anywhere for the right job. Over a third (35 percent) don’t want to move away from home, while less than a tenth (eight percent) insist they will only work in the capital – which the report claims is good news for SMEs located outside of London (assuming they want to employ Millennials in the first place, obviously). According to the report, location ranked seventh on the list of factors that would attract Millennials to a business.

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Rental growth continues across UK’s core commercial property markets

Rental growth continues across UK’s core commercial property markets 0

Leeds Wi-FiThe recent growth in prime headline office rents has continued across the UK’s regional commercial  property markets with an average increase of 4.3 percent across the UK’s ‘Core 8’ markets in the 12 months to June 2015, according to a report from property consultants JLL. The Core 8 cities are the UK’s largest metropolitan economies and are a distinct group from the Government’s definition of core cities. In the JLL study they comprise Birmingham, Bristol, Leeds (above), Manchester, London, Cardiff, Edinburgh and Glasgow. Reflecting the solid outlook for demand and tight supply of new space, the report claims that headline rents are expected to continue on an upward curve with average growth of 2.9 percent per year in the Core 8 region over the period. One of the key drivers for rent growth remains a mismatch between demand and supply. (more…)

London firms optimistic, but want improvements to infrastructure

London firms optimistic, but want improvements to infrastructure 0

HS2 Euston InfrasructureThe number of firms planning to expand in London is at its highest level (50 percent) since 2012, though retaining employees and improving the capital’s infrastructure remain key concerns. According to the re-launched CBI/CBRE London Business Survey, over half of companies (55 percent) are increasing head counts, although three in five firms (60 percent) only hire where essential. London firms’ optimism has rebounded from last year, with almost half of companies (47 percent) feeling more positive about the UK’s economic prospects in the next six months – reversing the steady decline seen since the first quarter of 2014 – and 40 percent feel more positive about business prospects. Nearly four in five businesses (76 percent) highlighted improving the capital’s transport infrastructure as the number one issue the new Mayor of London must get down to tackling when they enter City Hall next year.

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‘Climate smart’ cities could generate global savings of $17 trillion

‘Climate smart’ cities could generate global savings of $17 trillion 0

CitiesNewly published research claims that investing in public and low emission transport, building efficiency, and waste management in cities could generate worldwide savings of US$17 trillion by 2050. The Global Commission on Economy and Climate, an independent organisation comprising former finance ministers and leading research institutions from Britain and six other countries, found climate-smart cities would spur economic growth and a better quality of life – at the same time as cutting carbon pollution. These investments could also reduce greenhouse gas emissions by 3.7 Gt CO2e per year by 2030, more than the current annual emissions of India. With complementary national policies such as support for low-carbon innovation, reduced fossil fuel subsidies, and carbon pricing, the savings could be as high as US$22 trillion according to the report.

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Employment is increasingly dependent on an ability to get on with people

Employment is increasingly dependent on an ability to get on with people 0

peopleIt can be heartening to learn that there will still be a role for humans in the forthcoming world of robots, drones and driverless vehicles. Inevitably, it is those skills that are hard to automate that will define many of the human jobs of the near future and so one of the skills that will continue to attract paid employment will be the ability to get on with other people. This skill has already defined the labour market for the past 35 years and helped to narrow gender differences in the job market. These are the main conclusions of a new report published by David Deming of the US based National Bureau of Economic Research.  According to his working paper “The Growing Importance of Social Skills in the Labor Market,” which is currently awaiting peer review, nearly all job growth since 1980 has been in occupations that depend to a large extent on well developed social skills.

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People are holding more meetings, including at weekends claims report

People are holding more meetings, including at weekends claims report 0

CaptureThe increasingly globalised nature of work, greater workforce mobility and the development of new technology are the main forces influencing the way people meet, claims a new study from Blue Jeans Network, a US based provider of video-conferencing systems. The firm’s State of the Modern Meeting Report , draws on its own data from more than five million online meetings in 177 countries to explore the way meetings are evolving. One of the report’s more intriguing claims is that weekend meetings have become far more frequent over the past two years with an increase of 49 percent in the number of meetings  taking place on Saturdays, and an 84 percent increase in those taking place on Sundays. The report suggests that while on-site video-conferencing is becoming more popular, around a quarter of meetings have at least one video caller who is away from the office.

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The reason offices will always be needed is tied up with human nature

Far awayPeople have a tendency to confuse what is possible with what will happen. This appears to be a particular issue when we consider the effects of new technology. Hence the enduring talk of the death of the office, which technology makes possible but which people make impossible. One of the key areas of research that describes this tension is the work of Tom Allen at MIT. Allen made his name in 1984 with the publication of a book called Managing the Flow of Technology which first popularised the Allen Curve, a graph of his research findings which shows a powerful negative correlation between physical distance and the frequency of communication between colleagues. So precisely can this be defined, that Allen found that 50 metres marks a cut-off point for the regular exchange of certain types of technical information.

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Flexible working now an almost universal employee benefit, claims study

Flexible working now an almost universal employee benefit, claims study 0

flexible workingA new report from employee benefits provider Unum claims to set out the future trends and challenges affecting the benefits packages firms should offer staff. One of the headline claims from the report is that four out of five employers (79 percent) already offer flexible working. ‘The Future of Employee Benefits’ report surveyed 13 organisations and incorporated the results with those of a series of interviews and roundtable discussions with employers and specialists including representatives from the Chartered Institute of Personnel and Development. The report identifies a series of macro trends affecting workplace wellbeing and the recruitment and retention of employees over the next 15 years, which were categorised into four distinct working environments: The Ageless Workplace; The Mindful Workplace; The Intuitive Workplace; and The Collaborative Workplace.

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Demand for commercial office space in UK cities continues to surge

Demand for commercial office space in UK cities continues to surge 0

HSBC HeadquartersAccording to the latest quarterly update from property advisors Knight Frank, demand for commercial office space in the UK’s regional markets remains remarkably  strong, driving upward pressure on rental prices and increasing the demand for new commercial property developments. According to the report, demand is up by around a half compared to  the previous quarter, with Birmingham enjoying the largest increase of around 400 percent. Strong economic growth is reflected in healthy occupier demand, which saw a total of 2.08m sq ft taken up in the three months to the end of June, which was 51 percent ahead of the first quarter and 49 percent above the five year quarterly average. The stand out let was HSBC’s at Birmingham’s Arena Central development (top) which accounted for fully half of the city’s take up of space and which we reported here.

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Far from being on board, older women still face recruitment bias

Far from being on board, older women still face recruitment bias 0

Women over 50 most likely to face recruitment biasThe news that the Davies review has met its 25 per cent target for female representation on boards, and is now considering setting a target that a quarter of executives at FTSE 100 companies should be female, has been met with approval by the Institute of Directors, which said it was right that the focus is on increasing the number of women in senior executive positions. But what about those further down the salary scale, where many older women struggle to even get a job interview? A recent study carried out by Anglia Ruskin University’s Lord Ashcroft International Business School shows that older jobseekers face widespread discrimination in the UK, with older female applicants more likely to experience bias than men. The study found no significant link between a company having a HR department or providing commitments to equal opportunities, and the level of discrimination it displayed.

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The key to the productivity puzzle may be to give people better jobs

The key to the productivity puzzle may be to give people better jobs 0

ProductivityEver since the UK started to emerge from the economic downturn there has been a great deal of brow beating about the so-called productivity puzzle. Although the UK economy grew between 2012 and 2014, productivity fell by 1.15 percent. In addition, the UK has a productivity gap of between 23 and 32 per cent between it and comparable economies such as Germany, France and the Netherlands. When considering the reasons for this, most of the time a finger has been pointed at some old favourites such as working practices, a lack of engagement or – according to this feature published in HR Magazine this week – individual behaviour.  Now a new report from the Institute for Public Policy research (IPPR) claims that the problems are far more complex than people typically assume and that one of the major factors is the jobs people are offered.

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Regional differentiations as job pay gap accelerates worldwide

Regional differentiations as job pay gap accelerates worldwide 0

Regional disparities emerge in worldwide job pay gapSince 2008 the pay gap between lower level employees and senior managers has widened in every region across the world, a global survey has found. The pay gap between lower level workers (comprising skilled manual, clerical, supervisor or graduate entry jobs) and senior managers (heads of departments or equivalent) is now on the rise in as twice as many countries as it is falling (42 to 21). The latest research from global management consultancy Hay Group reveals however that Europe has the smallest gap, with an average increase in the pay gap of only 2.2 percent since 2008. This has been fuelled in part by the use of communal pay cuts to avoid redundancies, whereas US firms prefer to cut jobs and urge remaining senior managers to expand their job roles. The research underlines how a large job pay gap can lead to discontent and disengagement among the workforce.

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