August 24, 2023

Passionate firms make more progress in teamwork, research finds

Passionate firms perform higher in terms of team progress, regardless of whether that passion is focused on one or multiple team activities, finds new research from Aalto University School of Business. According to Associate Professor Ewald Kibler, Head of the Entrepreneurship Unit at Aalto, and postdoctoral researcher Bernadetta A. Ginting-Szczesny, team entrepreneurial passion (TEP) plays an important role in business ventures as it can positively impact team outcomes and venture performance. Analysing survey data on 326 individuals from 107 teams at Finnish SMEs, they suggest having a shared passion helps teams work together toward a common goal while maintaining focus and motivation. More →

August 22, 2023

Advancing accessibility and reaping the rewards of disability inclusion

by Katy Talikowska • Comment, Facilities management, Workplace design

In business, companies have a responsibility to balance profit-driven strategies with wider social commitments. As well as being the right thing to do, a focus on the latter can invariably drive economic value. Companies that prioritise diversity, for instance, earn 2.5 times higher cash flow, while inclusive teams are 35 percent more productive. As a result, diversity in the workforce is now widely accepted to be both a moral necessity and a commercial opportunity, with more and more corporates incorporating DE&I policies into their operational frameworks. Despite this progress, the disability community is still largely excluded from these discussions around inclusion. More →

August 14, 2023

First look at Sustainable Design China Summit taking place in Beijing this September

by Freddie Steele • Company news, Environment, Events, Workplace design

Following on from its successful launch last year, the Sustainable Design China Summit returns for 2023. The event, an evolution of Design China Beijing, is held at the Beijing Exhibition Center from 21-23 September 2023 and is a must-visit for designers, architects, developers, and decision makers looking to design a sustainable future. More →

August 14, 2023

People and firms often have very different views on the value of meaningful work

by Neil Franklin • Flexible working, News, Technology, Wellbeing

A new study from IBM claims that while employees rank meaningful work as something they care about deeply, executives say it’s the least important factor to their teams. The study, Augmented work for an automated, AI-driven world surveyed 3,000 global C-Suite executives across 20 industries and 28 countries. It also suggests that executives in the UK estimate that 41 percent of their workforce will need to reskill as a result of implementing AI and automation over the next three years. More →

August 7, 2023

Wellbeing of HR professionals yet to return to pre-pandemic levels

by Mark Eltringham • News, Wellbeing, Workplace

The wellbeing of HR professionals has yet to return to pre-pandemic levels, with UK HRs in particular lagging at times behind their global counterparts when coping with today’s challenging economic and operating conditions. This is according to a three-year comparative research project by Culture Amp and Thrive at Monash Business School, which found that in 2020, when the pandemic was first starting to bite, 45 percent of global HRs felt equipped to manage their own personal and work life demands. More →

July 31, 2023

Best practice for maintaining an agile workforce through upskilling

by Kirsty Greene • Company news, Workplace

Workforces need to evolve now more than ever. A report from the World Economic Forum claims that around a quarter of jobs will shift in the next five years. Its ‘Future of Jobs Report for 2023’ notes that though an estimated 69 million new jobs will be created, another 83 million will be eliminated. A few factors contributing to creating and eliminating jobs are macro trends—such as a rise in sustainability efforts among businesses, the localisation of supply chains, high inflation, and slower economic growth. More →

July 26, 2023

Cost of living crisis and other employee concerns are top risk concerns of businesses

by Neil Franklin • News, Wellbeing, Workplace

The managers and owners of firms across the UK now believe that the cost of living crisis is the top risk to their business, closely followed by a range of employee related issues, according to a new poll. Employee related risks in the top five include lack of skilled talent, employee retention and cost of salaries. Despite the cost of materials continuing to rise over the last 12 months, this risk has dropped back from first place in 2022. Risks relating to debts, late payments and fraud all make an appearance in the top ten for the first time. More →

July 24, 2023

Global prime office rents rise for second continuous quarter – Savills

by Jayne Smith • News, Property

Savills latest global Prime Office Costs (SPOC) analysis claims that net effective costs for occupiers taking top quality office space in key cities around the world rose 0.3 percent in Q2, following a rise of 1.1 percent in Q1. The international real estate advisor says the fact that prime office rents are continuing to edge up demonstrates that tenant demand is still present and landlords are cautiously optimistic in some markets. More →

July 21, 2023

Cost of living crisis incentivises people to work from home

by Neil Franklin • Flexible working, News

A new report claims that rising numbers of the people in the UK are choosing to shop and work from home to make every penny count as the cost-of-living crisis continues. These insights mark the launch of the second Virgin Media O2 Business Movers Index – a quarterly barometer that combines anonymised and aggregated UK movement data from O2 Motion, with national polling findings to reveal key trends relating to the behaviour of 2,000 British businesses and 1,000 UK consumers. Together, the data paints a picture of movement patterns and the trends behind them. The second quarter of this year reveals a more cash-conscious image of Britain as more of the UK public change their behaviours to cope with a tough economic backdrop. More →

July 20, 2023

Help over-50s and other groups into self-employment to boost economy, say MPs

by Jayne Smith • News, Workplace

The UK Government’s Work and Pensions Committee has called for more employment support to address economic inactivity. The support for helping people into work should be widened to those not on benefits, with a new scheme developed to encourage people to set up their own businesses and move into self-employment. The Committee has also called for more focus to be given to measures to help young people, the over 50s and people with disabilities and long-term health conditions find and stay in work. More →

July 14, 2023

To boost productivity in the UK, we need to think big and different

by Peter McAteer • Comment, Technology

The decline in UK productivity since the Great Recession of 2008/2009 has been a matter of concern for business leaders, policymakers, and economists alike. Despite hopes that the pandemic would act as a catalyst for transformation and boost productivity, recent figures from the Office for National Statistics (ONS) show that the UK still lags behind several other G7 economies. More →

July 14, 2023

Despina Katsikakis elected President of the British Council for Offices

by Freddie Steele • Company news

Despina Katsikakis, Executive Partner & Global Lead, Total Workplace at Cushman & Wakefield, has been elected as President of the British Council for Offices (BCO) with immediate effect. She succeeds Mark Kowal, Partner at Sheppard Robson. Peter Crowther, Managing Director at Bruntwood, becomes Senior Vice President. More →