July 31, 2019
Take-up across the UK’s ‘Big Nine’ regional office markets rose to 2.3 million square feet during second quarter of 2019 according to the latest market update from property advisors Avison Young. This is up ten percent up on a 10-year average, with activity was skewed towards flexible offices, larger deals, city centres and the technology media and telecoms sector. More →
July 16, 2019
The British Council for Offices (BCO) has published its new Guide to Specification, which provides guidance on industry standards for workplaces across the UK. The Specification Guide, last published in 2014, sets out to help office developers address the key issues for the UK workforce in the coming decades, namely wellbeing, technology and sustainability. The authors claim that the new edition addresses the “exponential times” in which we now live, with sections focusing on wellbeing, the Fourth Industrial Revolution and sustainability. More →
July 11, 2019
Enthusiasm among international investors for the UK commercial property market has continued to wane over the past quarter, according to BrickVest’s latest commercial property investment barometer. According to the data ,capturing the views of over 6000 international professional real estate investors, only 27 percent view the UK as their preferred market, a 4 percent fall in the past 12 months. More →
July 10, 2019
Universum Global has launched the findings for the UK portion of its annual Global Talent Survey (registration) which claims that Google is the UK’s most attractive company to work for by graduates for the seventh consecutive year. Universum studied 39,500 students from 97 British Universities to understand the career aspirations, goals and workplace requirements for graduates.
July 8, 2019
Demand for flexible office space in Paris is almost double the global average, according to a report by Instant Offices. With demand for office space on the rise in Paris, serviced offices have seen a 26 percent increase while hybrid space has seen a 23 percent increase. While the city ranks fourth globally by the size of supply, Paris is considered to be one of the largest flexible office markets in Europe and ranks among the top 10 best start-up cities in the world. Alongside New York, San Francisco and London, Paris also remains one of the most expensive places to rent a desk. Despite this, demand in the city is on the rise as more large businesses choose flexible offices over conventional leases. More →
July 5, 2019
Theresa May has spent her final few weeks in office trying to salvage a meaningful prime ministerial legacy from the long shadow of her failed Brexit strategy. Part of this effort is her plan to introduce 12 weeks’ paternity leave for new fathers, as part of her drive to reduce the UK’s gender pay gap. It is proposed that employers would pay fathers for the first four weeks of paternity leave at 90 percent of their normal salary, while the remaining eight weeks would be unpaid. This is intended to reduce the gender pay gap by increasing the sharing of parental responsibilities, and freeing mothers up to return to work earlier. More →
June 27, 2019
Many HR departments feel they are being left out of strategic boardroom decisions across the UK, according to research published by Reed HR. Around one in four HR professionals surveyed said that their companies did not involve them in key strategic business decisions. In addition, four in five agreed that changing demands for employee benefits has impacted the responsibilities of the HR professional. And, of the 200 HR professionals taking part in the survey, only 10 per cent agreed that technology was having the biggest impact on the industry despite fears about AI replacing jobs. The majority (72 percent) of those asked said Brexit was making an impact on the sector with a quarter (24 percent) saying it was having the most influence. More →
June 18, 2019
The flexible office and coworking markets have grown rapidly over the last five years, with more than 4 million sq ft leased to flexible office providers in Central London, according to a new report from digital office broker Hubble in partnership with JLL. Despite WeWork dominating the headlines and pioneering the uptake of coworking, the London market remains highly fragmented, with more than 150 providers offering some form of flex or coworking space in more than 650 separate locations. Flexible offices are projected to grow to a 11 percent share of overall office stock in London by 2023. At the end of 2018, flexible offices had a 6.3 percent share of the Central London market (14.7 million sq. ft.) and this number is set to keep growing. More →
June 17, 2019
The Monster Jobs Confidence Index, published for the first time by jobs board Monster.co.uk and the Centre for Economics and Business Research (Cebr), claims that workers and job seekers confidence in the UK labour market has dropped by 10 percent, from 77 percent to 67 percent. The report defines confidence as how an individual feels about their ability to find a suitable job in the short-term, realise their career potential and build a better future for themselves.
June 12, 2019
The number of people in employment in the UK increased by 32,000 to a record high of 32.75 million in the three months to April 2019, according to the latest Labour Force Survey (LFS) from the Office of National Statistics (ONS). This was driven by women whose numbers increased by 60,000 on the quarter to a record high of 15.46 million.
June 12, 2019
With a rising retirement age and the prediction that by 2020, a third of UK workers will be aged 50 or over, new research from job board Totaljobs and recruitment firm Robert Walters found that many workers in their 50s find their career options and development opportunities are extremely limited.
July 11, 2019
Diversifying hiring practices to bridge the skills gap
by Jennifer Warawa • Comment, Workplace