Search Results for: performance

Passionate firms make more progress in teamwork, research finds

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 researchPassionate 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 →

One-third of hybrid working managers feel they need to prove their worth when working from home

One-third of hybrid working managers feel they need to prove their worth when working from home

Almost one-third (30 percent) of hybrid working managers feel they need to prove their worth when working from home - significantly higher than the non-management populationA poll of 3,000 workers in Europe and North America from Insights Learning & Development claims that managers of hybrid working teams see multiple benefits to a new working arrangement. These include improved team performance, improved team agility and increased ability to deliver on objectives.  However, on a personal level, many managers highlighted the need for more support. Almost one-third (30 percent) of these managers feel they need to prove their worth when working from home – significantly higher than the non-management population. More →

 It is possible to balance the positives and negatives of stress at work

 It is possible to balance the positives and negatives of stress at work

It’s important to know the difference between helpful and unhelpful stress and what this means for employers looking to improve workforce wellbeingStress is an inevitable part of everyday life, and our bodies are hard-wired to respond to it. However, it’s clear stress takes a regular, negative toll on organisations across the country. Last year, 17 million days were lost due to stress, depression or anxiety, which accounted for 51 percent of all work-related ill health cases and 55 percent of all working days lost due to ill health. Poor mental health costs employers between £1,205 and £1,560 per employee, per year. Some of the main causes of stress in the workplace include mounting workload pressures, increased responsibilities, and a perceived lack of support from senior management. More →

We need better evidence to help protect people at work

We need better evidence to help protect people at work

Understanding what works to protect people at work needs better use of evidenceWe make decisions at work every day and for those in complex roles or in fast-changing situations, it can feel like a continuous process. In business, of course, the choices we make can have a significant impact on the bottom line and, more importantly, our people, the environment and the communities we’re operating in. With so much riding on what we choose to do, our decision-making processes must be designed to maximise our chances of successful outcomes. This is especially so when our decisions involve how to protect people at work so can be literally a matter of life or death. More →

Bolder strategy needed to boost productivity and economic growth

Bolder strategy needed to boost productivity and economic growth

The Government’s plan to transform the UK into a science and technology superpower will fail to boost living standards unless it’s linked to a broader industrial strategy aimed at raising productivity across all sectors of the economy.The Government’s plan to transform the UK into a science and technology superpower will fail to boost living standards unless it’s linked to a broader industrial strategy aimed at raising productivity across all sectors of the economy. This is the central conclusion of a new CIPD discussion paper, An industrial strategy for the everyday economy, which says a bolder vision for economic growth, looking across all sectors and areas of the economy, is needed considering the multiple challenges facing the UK. More →

Despina Katsikakis elected President of the British Council for Offices

Despina Katsikakis elected President of the British Council for Offices

Despina Katsikakis, Executive Partner & Global Lead, Total Workplace at Cushman & Wakefield, has been elected as President of the British Council for Offices (BCO)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 →

The constant craving to put numbers on working relationships

The constant craving to put numbers on working relationships

The answer to the great question of life, the universe and everything is not 42, as you may have been led to believe. It’s 1/137 (or near enough). This is the greatest of the two dozen or so universal constants. According to current thinking, without the physical and quantum relationships it describes, the universe as we know it could not exist. More →

Managers struggling with workload in new era of work

Managers struggling with workload in new era of work

managers are also facing increasing expectations and a greater workload from the organisation, including new responsibilities brought on by hybrid workMore than three-quarters of employees report that it has become more important for them to receive support from their manager, according to Gartner. Simultaneously, managers are also facing increasing expectations and a greater workload from the organisation, including new responsibilities brought on by hybrid working. A December 2022 Gartner survey of more than 6,000 individual contributors and managers claimed that managers are twice as likely to report an increase in responsibilities versus individual contributors, compared to before the pandemic. For example, 35 percent of managers say they have more direct reports and 49 percent report that the complexity of their responsibilities has increased. More →

Embrace the chaos: the office must find a new purpose, conference concludes

Embrace the chaos: the office must find a new purpose, conference concludes

The British Council for Offices (BCO) annual conference, this year hosted in Dublin, addressed the purpose of the office in the context of the evolving world of work

What is the purpose of the office? That was the central question at this year’s British Council for Offices (BCO) conference which took place in Dublin. A big ask.

Nonetheless, the speakers and delegates that arrived in Dublin were up for the task. In the opening address, BCO senior VP & conference chair Despina Katsikakis promised delegates the conference would explore and untangle the intricate elements of the ecosystem that must seamlessly merge tech-led work, play and… well, survival. The focus of the two-day event (or three for those who like golf) was to devise strategies to design, build and manage vibrant and inspiring workplaces that foster the wellbeing and advancement of the individuals and communities they serve, all while promoting social, economic, and environmental sustainability.

As one would perhaps expect from a BCO conference, several speakers made a case for the office, including Davina Saint, director of the Irish National Assets Management Agency. Nobody relates naturally with screens or virtual protocols, she said, so we need to embrace the idea of social capital: “It makes organisations go around,” she said. “It’s the electricity in the machine. The shift to remote working has dented social capital. There’s less connection and more isolation. Productivity and innovation have also taken a dive.”

“I believe strongly in the office,” said Niall Gaffney, CEO of Ireland’s largest office landlord IPUT, during the developer’s panel. Fellow panellist Kevin Nowlan, senior advisor to Hibernia Real Estate Group, agreed: “Culture and life comes from people being and working together.” The workplace will play a key role in reinventing cities, they chimed in unison. Why? “Because the office is where the magic and inspiration happen,” Saint said. “It’s where the social heart of an organisation can beat.”

[perfectpullquote align=”right” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]As the audience were reminded throughout the conference, many people meet their partners at work[/perfectpullquote]

But it goes beyond business. As the audience were reminded throughout the conference, many people meet their partners at work. If marriages are born out of proximity rather than heaven, perhaps that means there will be fewer weddings, fewer children. That musing may well prompt a shrug in response but it’s worth noting there’s already a dwindling workforce. Yes, borders are clamping shut, but it may also be because people aren’t having children as often as they used to. Last year, the Financial Times, citing Office for National Statistics data, revealed that the “natural population of the UK will begin to decline by the middle of the decade, leaving the country dependent on migration to increase the working-age population”. But freedom of movement is not so free anymore. Dublin, we have a problem.

 

Stupid cupid

While it might not be up to workplace professionals to channel their inner cupids, you can bet your bottom dollar the population crisis will be on future BCO conference agendas. Until then, however, there’s a more relatable challenge in play. The industry needs to focus on the role of the office in a rapidly changing world. Bill Hughes, global head of real assets at Legal & General Investment Management, looked at the old and new definitions of an office. The traditional definition is “a room or set of rooms in which business, professional duties, clerical work are carried out”. Today, it’s where important face-to-face interactions and teamwork happens. It’s where culture is built. “It’s where knowledge transfer and learning through osmosis occurs,” Hughes said. “It’s about energy and having fun.”

[perfectpullquote align=”right” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]The future of the world of work is an obsession for bosses[/perfectpullquote]

“The future of the world of work is an obsession for my bosses,” the BBC journalist Simon Jack said, during the ‘business of politics’ discussion. “Because it “affects the lives and livelihoods of our audience.” And that’s perhaps why there’s so much focus on the employee experience. Billions have been spent on the customer experience. Many of the speakers stressed that it’s time we do the same with the employee experience.

In a session on the purpose of place, Andy McBain, head of future of workspace & design at NatWest, shared that the bank’s workplace strategy focuses on experience, events and an element of experimentation. But experience can’t be a fluffy add-on, he suggested. It must be measured and tracked if it’s to evolve and deliver ultimate impact. To that end, McBain’s team uses Audiem, an advanced employee feedback analytics tool, that allows heads of real estate not only to get the flagship quantitative scores that they need to track and manage performance but also dive deep into the qualitative data, helping them understand the drivers behind satisfaction at a granular level. “It’s allowing us to develop specific approaches we know directly addresses employee concerns because we can see what they’ve said about it and how it’s affecting them,” said McBain.

Vernon Blunt, head of global workplace operations at Ericsson, and Paul Casey, global real estate EMEA director at IBM, agreed that hybrid is here to stay, though the jury’s out when it comes to the effectiveness of mandates. While employee experience remains the focus, cost-cutting is coming to the fore because for the CFO must be kept as happy as the CPO. It’s a cost and experience juggling exercise. There also seems to be less focus on how to get people back to the office, but more energy going into how to self-organise around the busy days.

These occupiers want and demand more flexibility and shorter leases. Rob Harris of Ramidus Consulting urged that contract and service level agreements need to change to become more flexible, especially for SMEs who he called the “growth engine of the economy”. There’s also a recognition that there might be too much space. Avison Young’s Nick Axford highlighted that one third of office space could be re-used for community initiatives, but the infrastructure isn’t yet there to make this happen. Also calling for a systemic transition was Indy Johar, co-founder of Architecture 00. “Forget about building new workplaces, we need to build a new UK,” he said.

The conference delved into workplace design, management and communication principles that foster culture, health and wellness, and collaboration. During various sessions, speakers and attendees examined the strategies employed by occupiers in their quest to navigate the challenges of the present and forge a path towards a better future. We have a long way to go on that front, but the will is there.

You might be working with a narcissist and not know it

You might be working with a narcissist and not know it

narcissistHave you ever had the feeling that some of your colleagues are working only for themselves, and are not true team players? If your answer is yes, then it is possible that you are working with a narcissist. Narcissists have a heightened sense of what they are entitled to and have a constant need for attention and admiration. They are arrogant and see themselves as superior to others. More →

People don’t trust artificial intelligence on decision making ability in recruitment

People don’t trust artificial intelligence on decision making ability in recruitment

The vast majority of British workers (88 percent) are happy for artificial intelligence to be used in the recruitment process but draw the line when it comes to human decision makingThe vast majority of British workers (88 percent) are happy for artificial intelligence to be used in the recruitment process but draw the line when it comes to human decision making, according to a new poll from Totaljobs. The survey, which asked 2,002 UK workers about their thoughts on how AI will impact their working lives, found that nearly three-quarters (72 percent) believe that full disclosure of how the technology is used in the hiring process should be mandatory. More →

Refurbishment of 25 Hanover Square commences

Refurbishment of 25 Hanover Square commences

Major alterations have begun on the refurbishment of 25 Hanover Square, completing the regeneration of a prominent corner site in London’s MayfairMajor work has begun on the refurbishment of 25 Hanover Square, completing the regeneration of a prominent corner site in London’s Mayfair with a 7-storey premium office building. This collaborative project between multiple stakeholders, including architects, interior designers and workplace experts Basha-Franklin, and asset and development manager Morgan Capital, has been holistically designed to fit the aesthetic of one of London’s most recognisable and historic garden squares.   More →