Search Results for: financial services

The workplace as a strategic resource: a real life CEO’s perspective

by • Facilities management, Furniture, Workplace design

NEF today-3 workplace as a strategic resourceRaise your hand if you agree: “The workplace is obviously a strategic resource.” We facilities management professionals know that to be true. But if you often feel like a voice in the wilderness when speaking to anyone other than a fellow workplace professional, you are not alone. For many if not most senior executives, their facilities are a necessary evil that always cost too much. That reality frustrates me as much as it does you. So my colleague Paul Carder and I conducted two extensive research projects in 2012 and 2013 aimed at making the case (mostly to FM professionals themselves) that facilities and workplaces are incredibly strategic – and very poorly understood. And while we’ve gotten a lot of positive feedback about the work, we haven’t seen much change in mindsets, management practices or outcomes.

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UK labour productivity continues to flatline in spite of upturn

by • Knowledge, News, Workplace

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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It’s worth exploring alternative forms of finance for office fit out

by • Comment, Facilities management, Workplace design

Fit-out-1You can’t help but notice that there has been a shift in recent years for us to become the consumers of things we were once obliged or wanted to own. We watch films on Netflix, listen to music on Spotify and share cars with strangers through BlaBlaCar. As both individuals and businesses we rent software rather than own it and in the growth of serviced offices and co-working spaces we see the same forces at work. The attractions of this approach are obvious, not least in keeping down the costs of things we may not want to keep in the long term and leaving ourselves free to make different choices in the light of rapidly changing circumstances. So it’s no surprise that economic uncertainty is just one factor that has driven an increase in asset financing at the same time that we have seen a permanent change in spending patterns.

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Latest Insight newsletter is now available to view

by • Environment, Facilities management, Flexible working, Newsletter, Wellbeing, Workplace, Workplace design

Insight_twitter_logo_2In this week’s issue; Colin Watson reflects on how the Internet has ushered in a new world of work over the past two decades; Mark Eltringham explains why the current obsession with ‘engagement’ should not exclude employing the right people in the first place and Charles Marks extols the vital role of the office for key sectors such as the financial services industry. A new OECD report suggests that flexible working still has a negative impact on many women’s career prospects; while a separate study finds the majority of workers are happy with their work/life balance. You can also view a video and gallery of Google’s new Silicon Valley headquarters and read about the offices that have been recognised in the latest BREEAM awards. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Job automation seen as a key digital challenge in new policy report

by • News, Public Sector, Technology, Workplace

Whichever party or coalition forms the next UK Government will face a raft of serious challenges with the emerging digital economy, including making plans for the automation of up to a third of existing jobs. That is the main conclusion of a new report published this week by The House of Lords. Make or Break: The UK’s Digital Future, argues that the next 20 years will present the UK with a range of profound challenges and opportunities and it is incumbent on the Government to address them at the earliest opportunity. As well as imminent and well known  issues such as the need to roll out ultrafast broadband countrywide and the development of skills and digital clusters, the report also highlights the particular issue of what to do about the claim that up to 35 percent of jobs over the next two decades will be automated.

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

by • Facilities management, News, Property

05Central 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.

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Most people will continue to work in traditional offices for foreseeable future

Most people will continue to work in traditional offices for foreseeable future

by • Flexible working, News, Technology, Workplace design

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The office remains the favoured location for work worldwide but there remains an ongoing mismatch between perceptions of the productivity and performance of flexible working employees and the reality, says a major new report from Dell and Intel. According to the Global Evolving Workplace Report based on a survey of nearly 5,000 employees worldwide, the idea that remote workers are less productive is particularly apparent in developed countries. In the UK, people are two times more likely to believe that colleagues who work from home are less rather than more productive. In Germany, 75 percent of respondents saw the ability to work from home as a special privilege. Meanwhile, of those employees surveyed in developing countries, over one-third (34 percent) see home workers as more productive, compared to 32 percent who believe they get less done.

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Arup and UCL report offers up lessons from smart cities pioneers

by • Cities, Knowledge, News, Technology

smart citiesA new report published by engineering and design consultancy Arup and University College London claims that the pioneers of the smart cities movement need to take a more strategic approach to ensure that their spending on IT infrastructure is effective in meeting their objectives. The report Delivering the Smart City: Governing Cities in the Digital Age is based on research of eight cities including London and Bristol in the UK alongside a number of other prominent global cities such as Chicago, Barcelona, Stockholm and Hong Kong. The report found that the cities spend an average of 6 percent of their expenditure on IT services and technology, which amounts to approximately £23 million per city across the study and is roughly equivalent to the amount budgeted in the financial services sector worldwide. While the authors welcome this as a sign that tech spending is taken seriously, they also claim that more could be done to target this spending effectively and tailored to the specific needs of each city depending on factors such as its ‘ecosystem’, culture and governance. It believes that the lessons from this are appropriate to all cities, not just those already pursuing a smart agenda.

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Two more major US firms scale back flexible working because people work better together

by • Facilities management, Flexible working, News

flexible workingPerhaps the most talked about workplace issue of 2013 was the decision by Marissa Mayer, CEO of Yahoo to oblige the company’s homeworkers to return to the embrace of the corporate bosom. It was controversial but a lot of businesses clearly prefer people to work together in one place for significant periods of time. Yahoo’s methods only differed from those of companies like Google in using a stick to drive them there rather than the carrot of a gilded and playful tech palace to entice them. The controversy in the Yahoo case seemed to derive from a challenge to the received wisdom about flexible working and the same voice have risen in indignation over the past couple of weeks as two more American companies have made it known it’s best for everybody if they spend more time working together under one roof. Reddit and Bank of America have joined Yahoo and HP in deciding people collaborate better when they are in physical proximity.

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Workers struggling to balance home and work, according to CIPD report

by • Flexible working, Knowledge, News, Workplace

Publication1The UK’s workforce is struggling to find the right balance between their work and domestic responsibilities according to the latest Absence Management report from the Chartered Institute of Personnel and Development.  The report also suggests that, although overall absence levels are falling, much of this is down to people going into work when they perhaps shouldn’t with a third of employers reporting presenteeism. Stress and mental health problems in the workplace also remain high, with more than 40 percent of employers citing an increase, despite signs of economic recovery. One area in which absenteeism is rising is workers taking time off to care for children and elderly or disabled relatives and friends. More than a third of those employers surveyed reported an increase in absence levels amongst staff who are struggling to cope with their caring responsibilities outside of work. However only a sixth of employers have policies in place to provide a better level of support.

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Global executives value work-life balance benefits of connected workplace

by • Flexible working, News, Technology, Workplace

Global executives value work-life balance that technology allowsSenior global executives are working more hours and in more locations now ever, but advances in workplace connectivity mean they are far more satisfied with their work-life balance. According to the 2014 BlueSteps Work-Life Balance Report, by the Association of Executive Search Consultants (AESC), over half (52%) are satisfied or very satisfied with their work-life balance. In comparison, four years ago, 55 per cent did not believe their current work-life balance was satisfactory. Global executives work an average of 58.5 hours per week, with 39 per cent working over 60 hours per week; but the majority (81%) of those polled consider work-life balance when deciding on whether or not to accept a new position.Over one quarter (28%) rate their work-life ratio as more important than their potential earnings and 31 per cent would refuse a promotion or new job offer if it negatively affected their preferred work-life balance ratio. (more…)

Five things we have learned about flexible working ahead of the new right to ask regs

by • Comment, Flexible working, Technology, Workplace, Workplace design

flexible workingYou can’t help but notice that surveys about flexible working have been pretty thick on the ground over the last few weeks and months. The reason is that – as well as the usual ongoing fascination with the subject – the UK Government is extending the right to request regulations at the end of this month, allowing all staff to ask their employers for flexible working after six months in a job. As well as the numerous studies that firms have commissioned to explore the issue, there has been even more commentary and guidance, often from law firms. While we should always view each of these in context, adding however much salt we deem necessary to season their findings, what is always interesting when you have a media pile-in like this is to sift through it all to look for patterns, common themes and contrasts. Here are just five:

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