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Coworking is breaking away from its cultural and geographical stereotypes

Coworking is breaking away from its cultural and geographical stereotypes

There is a persistent image of a coworking space as a sort of glorified serviced office for tech and creative startups who can’t afford the eye-watering rents in the areas they need to be. This is usually in the technology hothouses of the world’s major cities where they can work alongside the corporate giants and fellow innovators that thrive there. The reason such perceptions exist is because they are largely true. It’s no coincidence that coworking spaces have thrived up till now in the world’s most expensive property markets – in London, Hong Kong and New York, serving exactly the sorts of start-ups and freelancers who rely on proximity to their potential clients.

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Areas of UK still suffering from poor connectivity and broadband speeds

Areas of UK still suffering from poor connectivity and broadband speeds

Businesses looking to invest outside of London may be deterred by the UK’s still unreliable digital infrastructure or below-average internet speeds in many areas. New data from GoCompare reveals the UK locations with the best digital infrastructure for businesses keen to relocate. The study suggests that soaring costs in the capital and post-Brexit uncertainty are combining to create a dynamic environment for businesses in the UK’s regions. A CBI report estimated that a total of £208bn in revenue could be unlocked if the regions are properly invested in. Already, 68 percent of investment in digital tech went to businesses in regional hubs outside of London.

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Over half of employees say remote working and coworking increase their productivity

Over half of employees say remote working and coworking increase their productivity

coworkingMore than half of US based employees (54 percent) with the chance to work remotely say they are most productive when they work outside a traditional office environment, such as at home, in a coffee shop, or in a coworking space, according to a new survey by research firm Clutch. Over two-thirds (68 percent) of workers surveyed work in a traditional office. However, higher productivity isn’t the only reason employees prefer other workspace options. Over a quarter (26 percent) of employees who have some degree of flexibility say a better work-life balance is the top benefit of working outside the office. Other benefits include flexible work hours (21 percent) and fewer distractions (18 percent).

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Not funny. Women twice as likely to be negatively affected by workplace banter as men

Not funny. Women twice as likely to be negatively affected by workplace banter as men

Not funny. Women twice as likely to be negatively affected by workplace banter as menOne in 10 women blame workplace banter for causing mental health issues and are twice as likely as men to have been negatively affected by workplace banter, according to a new report by The Institute of Leadership & Management. Banter: Just a bit of fun or crossing the line? found that more women (twice as many at 20 percent) were made to feel less confident than their male colleagues due to the negative banter they experienced and 10 percent of women said banter has had a negative impact on their mental health, compared to just three percent of men. The survey also revealed that those at the mid-way point in their careers (31-40 years) are most affected by banter. This age group reported loss in confidence, drops in performance and poor mental health due to experiencing negative banter. They also said they avoided work situations and skipped work socials. The findings showed that over a third of graduate trainees have been left embarrassed by banter and people (over 1 in 4) in their first job are more likely to avoid work socials than any other group as a result of banter.

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Employees who work in digitally advanced workplaces are more productive and motivated

Employees who work in digitally advanced workplaces are more productive and motivated

Companies that are less technologically advanced are at risk of falling behind the competition and not attracting top talent, claims a new global study from Aruba. By contrast, employees who work in digital workplaces are not only more productive but also more motivated, have higher job satisfaction, and report an overall better sense of well-being. The study, Digital Revolutionaries Unlock the Potential of the Digital Workplace, outlines both the business and human benefits of more digitally-driven workplaces, and how. Almost all respondents (97 percent) thought their workplace would be improved through greater use of technology, while 64 percent said their company will fall behind the competition if new technology isn’t implemented. The same portion (64 percent) believe the traditional office will become obsolete due to advances in technology. However, the survey also warns that companies must be vigilant as more digital-savvy employees are taking greater risks with data and information security.

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Majority of global workforce now work somewhere other than the office every week

Majority of global workforce now work somewhere other than the office every week

Majority of global workforce now work remotely from the office every week

Technological change, globalisation and changes in employee expectations mean that over two-thirds of global employees now work remotely every week, and over half do so for at least half of the week. Though it must be said this is according to a new study from IWG, which is the parent group of workspace companies including Regus and Spaces, the study found that every week 70 percent of employees are working at least one day a week somewhere other than the office. More than half (53 percent) work remotely for half of the week or more, whilst more than one in 10 (11 percent) people work outside of their company’s main office location five times a week. The survey adds also that flexible working and the use of shared workspaces are no longer the preserve of start-ups. The world’s most successful businesses – including varied companies such as Etihad Airways, Diesel, GSK, Mastercard, Microsoft, Oracle and Uber – are already adopting a flexible workspace approach.

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Low unemployment means new recruits will quit if the job doesn’t measure up

Low unemployment means new recruits will quit if the job doesn’t measure up

Low unemployment means new recruits will not stay if the role doesn't measure up

Alongside the challenge of finding the right people to fill roles is keeping them there, according to a survey from Korn Ferry which claims that the majority (93 percent) of employers agreed that the retention of new hires in their organisation is becoming an issue.  New recruits individuals agree, with 26 percent admitting they’d leave a job if it wasn’t a good fit, even if they didn’t have another position lined up. The top reasons new hires leave, according to the survey, is their specific role isn’t what they expected and working for the company was different than they thought it would be. Respondents said a desire for more money was not a primary reason a new hire would leave. More than half of the respondents (55 percent) said that offering more money to a new hire who wanted to leave would not make them stay and more than three quarters, (82 percent) said that if they personally accepted a job that they ended up not liking, even though it paid well, they would leave as soon as they found a new job.

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Are these the UK’s best coworking spaces?

Are these the UK’s best coworking spaces?

IPSE, the Association of Independent Professionals and the Self-Employed, has announced the 12 longlisted finalists for the 2018 Coworking Space of the Year award. The award has been launched to recognise the role coworking spaces play in ‘creating a nurturing, inclusive and stimulating environment for the UK’s thriving 4.8 million-strong self-employed workforce;. The venues were judged on a range of criteria including the quality of facilities and staff, the innovation, creativity and distinctiveness of their venue, the passion and commitment to their members and the freelancing community, and the price and value of its membership packages. Intriguingly, only one is in London.

 

 

 

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A quarter of people would switch jobs for the chance of flexible working

A quarter of people would switch jobs for the chance of flexible working

New research from totaljobs claims that more than one in four workers (28 percent) would move jobs if they weren’t allowed to work from home, increasing to nearly half (45 percent) of millennial workers. While two thirds of UK employees (65 percent) can work from home, 35 percent are still not given the option of working remotely. Totaljobs’ research claims that remote working is in the top five most important benefits when looking for a new job, beating perks such as enhanced parental leave, travel allowances and learning and development.

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Gallery: WeWork announces the opening of its flagship location in India

Gallery: WeWork announces the opening of its flagship location in India

WeWork has announced its first flagship Indian location in Bengaluru. WeWork Galaxy is located on the site of the former Galaxy Theatre, and features a rooftop terrace with a pool and gym in addition to a mix of shared and private offices, which are designed around a 5-storey communal atrium. Bengaluru is India’s tech capital and one of the country’s leading cultural and economic hubs and so WeWork see it as a perfect fit for their coworking model. Created by the in-house design team, the goal was to create a space that ‘felt open, yet communal and intimate for members and guests, by creating individual programming and design moments within the atrium space’.

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Flow of gig workers moving in and out of Britain will increase due to Brexit

Flow of gig workers moving in and out of Britain will increase due to Brexit

Flow of gig workers moving in and out of Britain will increase due to BrexitUK businesses are already one of the top employers of short contract “gig workers” at an international scale and with Brexit just around the corner,  a new survey commissioned by Graebel and carried out by Wakefield Research found that 97 percent of UK Millennials would be interested in relocating to another country for a contract job. After Brexit takes place, nearly three in five (58 percent) British gig workers are more likely to relocate from the U.K. to another EU country for a contract job, and 72 percent of British Millennials answered the same way. Gig workers in each of the top three gig economy markets (UK, US and Singapore), were asked how companies can cater for the needs of this new generation of workers and how to retain their top talent. New York (33 percent), Los Angeles (21 percent) and Paris (21 percent) are the top three picks for UK gig workers looking to relocate. On the other hand, London is still the top choice for US gig workers (33 percent) and second choice for gig workers in Singapore (26 percent).

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Nearly half of workers blame technology issues as top reason for lack of productivity

Nearly half of workers blame technology issues as top reason for lack of productivity

Nearly half of workers blame technology issues as top reason for lack of productivityEight in ten workers use their personal smartphones for work purposes to make their jobs easier as almost half report wasting 10 minutes per hour in their working day due to their employers’ ineffective technology. According to the 2018 Connected Worker survey from Deloitte – just under half (49 percent) of respondents said they waste an average of ten minutes for each hour worked, in a median 35-hour week. Of the reasons given, 44 percent cited issues with technology, such as non-working or lack of devices as the main reason for not being productive at work. Workers compensate for the lack of employer provided technology with their own devices, with eight in ten (81 percent) already using their personal smartphones for work purposes. Over half (54 percent) of the workers feel they have the skills to use more technology at work.

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