Search Results for: development

By 2030 your colleagues could be old enough to be your great-grandparents

By 2030 your colleagues could be old enough to be your great-grandparentsBy 2030 four-generation or “4G” workplaces – will become increasingly common as people delay retiring, even into their 80s. Although the role of women in the workplace will strengthen, an increasing divide will mean that while highly-skilled, highly-paid professionals will push for a better work-life balance, others will experience job and income insecurity. Technology will continue to evolve, pervading work environments everywhere, with many routine tasks becoming the domain of the smart algorithm. Multi media “virtual” work presences will become the norm, and as businesses seek additional flexibility, they will decrease the size of their core workforces, instead relying on networks of project-based workers. This is all according to the Future of Work, published this week by the UK Commission for Employment and Skills (UKCES). (more…)

Not just about the money. Higher wages do not improve employee retention

Money not the motivator, as higher wages does not improve employee retention

Employers that take a broader view of the employee experience beyond pay are more likely to retain talented employees. new research suggests. In a study of European economies by Towers Watson, countries with higher GDP growth tend also to have higher levels of employee attrition, The General Industry Compensation Survey Report findings also show little evidence to suggest that countries with high real-wage growth (i.e. salary increases minus inflation) are able to use that to secure higher levels of employee retention. The research proves that with the emergence of a strengthening employment market means employers will have to work harder to ensure that non-pay related benefits such as an attractive working environment and plenty of opportunities for career advancement are available to attract and retain talent. (more…)

City of London grants planning permission for ‘Gotham City’

Leadenhall1-MakePlanning permission has been granted from the City of London for a £12.7 billion scheme at 40 Leadenhall Street. The building – dubbed ‘Gotham City’ – is located beside the Gherkin at the heart of the City’s eastern cluster of tall buildings and will vary in height between 7 and 34 office storeys. It will feature two additional basement levels, a roof level plant (total height 170m AOD), a flexible retail/café and restaurant uses at ground floor level and café/restaurant with roof terrace overlooking Fenchurch Street.  The total size of the building is 910,000 sq ft, split between 890,000 sq ft office and c. 20,000 sq ft retail. As part of the design by Make architects; a grade II listed building at 19-21 Billiter Street, built in 1865, will be restored and integrated into the proposed scheme. (more…)

CIPD calls for a budget to address decline in UK productivity

UK productivity requires budget boostThe CIPD has urged the Chancellor to focus on delivering a “Budget for Productivity” when he delivers his 2014 Budget on 19 March. The employment body has today put forward a package of proposals which call for labour market inclusion and the development of more productive, inclusive, and engaging workplaces. It is calling for a fundamental review of UK skills policy, together with a new focus on the workplace, the nature of jobs for the future, and how skills are being utilised. This, the CIPD argues, is critical if the necessary leap in productivity is to be delivered to boost real wages. A recent CIPD report  found that already weak UK productivity has worsened as a result of a slow-down in job turnover during the recession and an extraordinary run of hiring that has preceded the recent return to growth. (more…)

HS2 is a project for today projected into an uncertain future

Barely a day passes in the media without some new battleground opening up in the debate about the UK’s plan to develop HS2, the high speed line connecting London with Birmingham, Leeds, Manchester, Sheffield and, for some reason, a place nobody’s heard of halfway between Derby and Nottingham called Toton (pop. 7,298). While the debate rages about the cost, the economic benefits, regional rebalancing, environmental impact, route and why the Scots and others are paying for a project that may leave them with worse train services,  one of the fundamental flaws with the case for HS2 goes largely disregarded. It is that this is clearly a project designed for today, but that won’t be complete for another twenty years. The world then will be very different and, unfortunately, time isn’t quite as malleable as the movies would have us believe.

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Employment is on the rise but pay not matching the rate of inflation

employmentThe latest labour market statistics shows employment has continued to rise, but at a slower rate than seen last month. However, at 67.2 per cent, record-breaking numbers of women are now in work, the highest since records began. The figures published today by the Office for National Statistics (ONS) show the employment rate in the three months to December 2013 rose to 72.1 per cent, lower than the previous three months and with just a small rise in total pay of 1.1 per cent. This slower pace of growth in employment and pay is reflected in the latest CIPD/ SuccessFactors quarterly Labour Market Outlook survey, which reveals that, although recruitment intentions remain positive, the rate of increase has slowed significantly and the vast majority of organisations expect to give pay awards below the current rate of inflation. (more…)

London’s West End retains position as world’s most expensive office location

West End

World’s most expensive location

For the second year running, the most expensive office space in the world is to be found in London’s West End, according to the latest edition of Cushman & Wakefield’s annual Office Space Across the World report. Rents rose by 5 percent in the area, driven largely by an ongoing mismatch between demand for high grade space and its supply, as we have previously reported. Worldwide, office rents rose by 3 percent in 2013, with certain high growth regions such as Africa and the Middle East experiencing an increase in rents of as much as 10 percent in specific locations. Hong Kong was the second most expensive location according to the survey while the central business district of Moscow rose to third place, up from sixth in the previous survey.

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Innovative new work space planned for the home of Dave

Dave finds a new homeThe media company which counts Dave, Yesterday and Gold amongst its ten channels has announced its intention to move its 250 staff from its Hammersmith Road location to a ground-breaking new London headquarters by July this year. UKTV has signed a lease for 32,500 sq. ft. of an ecologically-recognised development at 10 Hammersmith Grove, London, and plans to work collaboratively with interior design and architecture studios PENSON to create a new headquarters that is inspirational, distinctive and “built for innovation”. The building itself is highly sustainable: one of the first in London to be entirely lit by LED lights and powered by solar panels and over the three floors of the development, there will be sociable working spaces, a café-bar and outdoor terrace, studio facilities and a screening room. (more…)

UK workers exhibit split personalities when it comes to energy management

Dr_Jekyll_and_Mr_HydeA new survey has highlighted the disparity between how energy (and hence money) conscious British people are in their domestic and working lives. According to research carried out by Rexel UK we exhibit a ‘split personality’ when it comes to the ways in which we use energy. Just under half (48 percent) of those surveyed describe themselves as energy conscious at home, whereas only a fifth (20 percent) would say the same about themselves in the workplace. Over a third (70 percent) say that they are concerned about wasting energy at home, whilst only two-fifths (43 percent) worry about wasting energy at work. In addition people are actively choosing to charge electronic devices at work in preference to home and, while nearly all turn the lights off at home (93 percent), only 60 percent do so in the office.

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Fin solution for Walkie Scorchie melting problem submitted by developers

CheesegrateretcThe 37-storey tower at 20 Fenchurch Street – dubbed the Walkie Scorchie last summer, after its sloped design was found to be melting cars in the area, will be fitted with a brise soleil shading system to stop it reflecting damaging sun rays reports the Construction Enquirer.  Joint development partners Land Securities and Canary Wharf Group have just submitted a planning application to the City of London to fit horizontal light diffusing aluminium fins from the third floor to the 34th floor on the south-facing façade. The fins have been designed by the building’s architect Rafael Vinoly Architects alongside solar glare experts Loisos + Ubbelohde. Once planning consent is granted, the refit project, expected to cost less than £10m, should take around six months to complete.

New BIFM professional standards give FMs yet more career choices

FM career choices

Unlike HR, which is wholly represented by the CIPD, FM continues to offer a choice of professional bodies. RICS boasts it is the only one that gives FMs the opportunity to achieve Chartered Status, something which the British Institute of Facilities Management (BIFM) is yet to offer. The BIFM has now announced the launch of a set of standards to “form a global competence model for the profession”. The Facilities Management Professional Standards its says, can be used to benchmark skills, knowledge and competence for those working at all levels in the FM profession. While RICS positions itself as the preferred route for a strategic facilities management career, the BIFM competences are intended to define each level in an FM’s career, from a support role through to a strategic role. FMs then, are still faced with the choice, to follow one or both organisations. (more…)

No pay rise for a while? Get used to it, says the CIPD

Ivor Lott and Tony Broke_96The Chartered Institiute of Personnel and Development has today released a report analysing the most sustained and severe fall in real wages since at least the Second World War, and warns that the decline will not be reversed until there is a substantial improvement in the UK’s productivity.  The report is accompanied by new survey data showing many employees expect pay rises in 2014 to be below inflation – a repeat of their experience in 2013. Have we seen the end of the pay rise?‘, which is the third in a series of four Megatrends surveys exploring the future of work and the economic challenges which lie ahead, examines the effects of average weekly earnings that are now between 7.8 percent and 10.2 percent lower in real terms than they were five years ago, in January 2009, leading to a sustained squeeze on household finances.

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