Search Results for: development

February 2, 2015

Staff calling in sick could be a symptom of management malaise

by Sara Bean • Comment, News, Wellbeing, Workplace

If your office seems strangely quiet this morning it might be due to the fact today is ‘national sickie day’. The first Monday in February is the day of the year which traditionally sees the highest number of workers calling in sick. It’s been argued that many of these people could in fact be looking for a new job, but whether your staff are sick or on a job interview, these absences may be indicative of a deeper problem, and it in all probability lies with the quality of their managers. According to recent research, one in seven people (16%) have had to take sick leave due to a bad manager and a fifth of people would turn down a job offer if their new manager had a bad reputation. The research also found that those who find themselves being poorly managed are more likely to take radical action and leave a job than tackle the issue with their HR department.

January 30, 2015

Political focus on regulation misses real workplace issues, says CIPD

by Sara Bean • Legal news, News, Workplace

One of the key policies of the Coalition Government is its Red Tape Challenge, intended to ‘roll back’ as many ‘restrictive’ employment regulations as possible. Such deregulation has been lambasted by the Labour party for its negative effect on employer / employee relations and workplace performance. As the parties gear up for the election May this argument looks set to intensify. Yet according to a major new report from the CIPD, Employment Regulation and the Labour Market, neither approach is likely to have any impact on UK labour market outcomes, suggesting there isn’t a case for the next Government to either deregulate or strengthen employment rights. Instead, the CIPD is urging policymakers to focus efforts on improving productivity through a much stronger focus on workplace practices, increasing awareness of existing rights and enforcing them more effectively.

January 22, 2015

MPs call on BBC to cut ‘staggering’ running costs of its estate

by Mark Eltringham • Facilities management, News, Public Sector

The body which oversees UK public spending has criticised the way the BBC is running its estate following the publication of a National Audit Office (NAO) report. While the report praises certain aspects of the way the estate is managed, especially its strategy of rationalising space, the Public Accounts Committee (PAC) is heavily critical of the BBC’s failure to meet its target of costs capped at 6 percent of licence fee income and the way the costs of some buildings are unacceptably high, including at the revamped Broadcasting House in London (above). According to the PAC, the running cost of the building is significantly more than others in the same area and around three times higher than a UK average. The BBC defended itself, highlighting progress in many parts of its estate and claiming that such comparisons did not stand up to scrutiny.

January 20, 2015

New Hammersmith mixed-use scheme to accommodate 2,000 workers

by Sara Bean • Company news, Facilities management, News, Property

Legal & General has appointed Land Lease Property to develop a £75 million mixed-use scheme on London’s Hammersmith Road. The development, designed by Sheppard Robson, will feature 242,000 sq ft of Grade-A office space over 10-storeys, which can house up to 2,000 workers. The office space has been designed to maximise natural daylight and features outdoor roof terraces. The entire 350,000 sq ft site retail frontage will be stepped back from Hammersmith Road, with a new landscaped plaza at the front that leads through to a podium garden. A business lounge and café will form part of the retail element, which totals 13,000 sq ft, to help enhance the public areas and encourage social interaction for workers. Construction is set to start in early January 2015 with completion expected in summer 2017.

January 13, 2015

Investors priced out of London commercial property turn to regions

by Mark Eltringham • Cities, News, Property

According to a report from Reuters, foreign competition in the London commercial property market is forcing local investors to invest in regional cities to tap rising rents there, with many making purchases privately to avoid auctions or even building office blocks from scratch. Commercial property in London has become a popular safe haven for investors from places such as Russia, China and southern Europe as a result of the financial crisis, and office prices have bounced back strongly from the lows. From a $4 billion battle for control of the Canary Wharf financial district to the creation of the capital’s tallest building, The Shard, thanks to oil money from the Gulf, many of London’s landmarks have had a helpful overseas financing hand.

January 12, 2015

Availability of office space in Central London has fallen by half since 2009

by Sara Bean • News, Property

The amount of available office space in Central London has fallen by almost half since 2009, new figures reveal. The latest end of year research by Deloitte Real Estate show that the availability of office space has fallen 14 per cent over the last 12 months, and warned that rents will probably rise by around six to over eight per cent as a result. In an analysis of the submarkets across the West End, Deloitte reports that Victoria has seen the greatest decline in available office space, falling 46 per cent in just 12 months. While the City of London market has not seen as dramatic a decline in available space, hovering around five million sq ft throughout 2014, it still remains at its lowest level for seven years. This is despite over 3 million sq ft of new office space completing construction during 2014 – a new high.

January 12, 2015

Lack of flexible working options is distorting the job market for women

by Mark Eltringham • Flexible working, News, Workplace

UK employers and their female employees are missing out on a range of opportunities because of their failure to implement better flexible working arrangements, according to a report from The Institute for Public Policy Research (IPPR). The report examined flexible working across Europe and found that while significant progress had been made in the UK, nearly two thirds (64 percent) of working women are unable to vary their working hours and a quarter (25 percent) claim it is difficult to take one or two hours from their day at short notice. The report claims the pent up demand for such working arrangements restricts employment opportunities for women compared to men, means more women are working in jobs below their skill level and creates the conditions for extensive underemployment.

January 12, 2015

Aging workforce driving uptake of flexible working in UK firms

by Mark Eltringham • Flexible working, News, Workplace

A growing number of employers see flexible working arrangements as an important tool for meeting the needs of their aging workforce, according to a new report from insurance industry trade association Group Risk Development (GRiD). The report highlights how changing attitudes, demographics, longer life expectancy and the abolition of the UK’s Default Retirement Age three years ago have encouraged employers to look at how to foster the wellbeing and meet the needs of older employees. Over a quarter (27 percent) of the 500 UK businesses who took part in the study had introduced flexible working specifically to meet the needs of their ageing workforce and many (22 percent) of employers said dealing with an ageing workforce was among their top three wellbeing issues.

January 7, 2015

City of London office market reaches the highest volume of lettings for 15 years

by Sara Bean • Facilities management, News, Property

Central London leasing activity hit the highest volume since 2007 last year, while the office market in the city reached its highest volume for 15 years. Take up of central London office space totalled 12.4 million sq ft, when 12.7 million sq ft was let; which is 15 per cent ahead of 2013 totals. According to the latest research by Cushman & Wakefield, while all areas of the capital saw an upturn in activity during 2014, the City of London market recorded the highest volume of lettings for 15 years, with 7.2 million sq ft of transactions completed compared to 7.4 million sq ft in 1998. West End lettings reached 4.0 million sq ft; on a par with the last peak in 2007. Even Docklands saw take-up double in comparison to 2013 to exceed 1.0 million sq. ft for the first time since 2010; and the serviced office sector is thriving.

January 5, 2015

Workers feel increasingly undervalued and over a third plan to move jobs this year

by Sara Bean • News, Workplace

There’s been a dramatic increase in the number of workers planning to move jobs. According to the latest research by the Institute of Leadership & Management (ILM), 37 per cent of workers are planning to leave their current jobs in 2015 – compared to 19 per cent in 2014 and 13 per cent in 2013. Of those who left their jobs in 2014, 35 per cent cited greater opportunity for progression as their main motivation for seeking a new role – compared to only 12 per cent who sought a higher salary. In 2015, that has increased to 59 per cent, meaning increased opportunity is a number one priority; beating a better salary (56%), a more interesting role (50%) and better management (30%). Staff are also feeling increasingly undervalued by their managers. 25 per cent of those planning to leave said they felt unappreciated in their current role, almost 10 per cent more than last year (16%). More →

January 2, 2015

CIPD claims 2015 should be a ‘rollover year’ for workplace productivity

by Mark Eltringham • News

The UK labour market will continue to expand at a strong rate in 2015 but there are unresolved issues relating to levels of pay and how best to increase workplace productivity to drive further growth, according to Mark Beatson, chief economist for the Chartered Institute of Personnel and Development (CIPD) in a new report. While the report argues that the ongoing economic recovery and improvements in the labour market are good news for jobseekers and good news for businesses, it also considers it unlikely that we’ll see any real increase in wage growth until 2016. The author also warns that the UK’s steady growth remains vulnerable to developments in Europe and that the UK’s ‘workplace productivity puzzle’ is an urgent issue for policy makers and businesses to address in order to sustain growth.

December 30, 2014

BBC Wales exchanges contracts on new Cardiff headquarters

by Mark Eltringham • Architecture, News, Property

BBC Wales has exchanged contracts with the developer of its new 150,000 sq. ft headquarters in the centre of Cardiff. Although still subject to final planning consent and the approval of BBC executives, the building is an anchor site in the Foster + Partners masterplanned Central Square regeneration project and work is confidently expected to begin in the middle of 2015 for completion in 2017 with full occupancy expected the following year. The new building will be home to some 1,000 staff and has been targeted to achieve a BREEAM excellent rating. Developers Rightacres expect the Central Square mixed use project to provide around 1 million sq. ft of office, residential and retail space, creating one of Wales’ largest property developments and regeneration schemes in the heart of Cardiff on the site of the current bus station.