Search Results for: workplace

Office costs creep up, but not because of higher rents

Office costs creep up, but not because of higher rents

by • News, Property

office costs riseHigher fit-out costs and service charge growth, not rent rises are set to increase office occupier costs in 2022, claims a new report. Savills analysis of Q1 22 Prime Office Costs (SPOC) in global markets around the world has shown that higher fit-out costs, reflecting material and labour cost inflation, are beginning to creep through in some office markets. While overall there has been no movement in the position of cities in the rankings since the end of 2021, says Savills, some markets are experiencing rising costs in fitting out space and increased service charges. According to Savills this trend is most evident in Chinese cities, Kuala Lumpur, and in North American cities at the moment, but other markets across the globe are set to follow suit in the coming quarters.

Jeremy Bates, head of EMEA occupational markets at Savills, comments: “From higher prices for raw materials to increasing labour costs to keep up with rising inflation, it’s likely that most office occupiers will have to pay more to rent and fit-out their space in global cities this year.

“Whilst rent is the usual indicator of increasing cost, service charge rises and higher capital expenditure will represent the largest contributions towards increased occupier costs in the coming quarters. Even in markets where landlords tend to pay for fit-outs, these costs will eventually be passed on to occupiers later in the form of higher rents. Nonetheless, for many office occupiers the expense is unlikely to deter them from selecting top quality spaces in prime central business districts to attract and retain talent, although they are carrying out extensive data gathering exercises on how employees are using space before making decisions on exactly how much to take.”

Savills says that overall headline rents have, on average, remained flat in local currencies and the increasing additional costs have yet to appear across many markets, according to the international real estate advisor, with fluctuating exchange rates due to increased uncertainty producing the appearance of declining costs for many markets in Dollar terms during the first quarter of 2022, while in local currencies they have broadly remained consistent with Q4 2021.

The cargo cult of modern office design

The cargo cult of modern office design

by • Comment, Workplace design

The cargo cult of modern office designThe idea of the cargo cult derives from anthropological observations made about the behaviour of societies that encounter more technologically advanced societies. In particular it is rooted in those rituals and objects created by Pacific islanders in an attempt to attract modern goods and technology and generally earn favour with people who they thought could prevent terrible events. More →

Firms mark the cards of employees who go mute or turn cameras off in remote meetings

Firms mark the cards of employees who go mute or turn cameras off in remote meetings

by • Flexible working, News, Technology

mute remote meetingsNearly all executives (96 percent) agree that primarily remote workers are disadvantaged compared to those who work primarily in the office, according to a poll of 200 executives at large US firms, commissioned by Vyopta. However, 92 percent of respondents also believe employees who are less engaged, either frequently on mute or don’t turn on their camera during remote meetings, probably don’t have a long-term future at their company. More →

Experimentation is the name of the game

Experimentation is the name of the game

by • Comment, Facilities management, Flexible working, Workplace design

Uncertain times call for different measures and approaches, the old rules and playbooks are no longer applicable – so what are you going to do? Sit around, stagnate, hanker after old solutions trying to manipulate and squeeze them into new, unknowable, untried paradigms? No! One thing human beings are fairly good at is evolving and adapting to new and unknown situations and as we all know, being flexible and  accepting change creates resilience and ensures survival. More →

The colour of magic in office design

The colour of magic in office design

by • Comment, Workplace design

In the Discworld series of novels, the author Terry Pratchett introduces us to the colour of magic. He calls it octarine, a sort of greenish purple, described as ‘the undisputed pigment of the imagination’. It’s all fanciful but, in fact, such unseeable colours exist for the human eye. They are seemingly invisible to us most of the time because of the limitations of our vision and not just because they exist outside of the usual visible spectrum. More →

Sustainable office design relies on everybody sharing knowledge

Sustainable office design relies on everybody sharing knowledge

by • Comment, Environment, Workplace design

sustainable office designBack in 2018, I launched a group called Women in Office Design. I wanted to inspire and empower women involved in the profession of office design and creation. The opportunity to develop and enhance my skills and understanding was a fundamental reason why I formed WOD. Reading and research is beneficial but it’s important to take the time to reach out to others in the industry, especially on the most important issues of our day such as sustainable office design. More →

Facilities Managers should be seen as stewards of corporate culture

Facilities Managers should be seen as stewards of corporate culture

by • Comment, Facilities management

hybrid working facilities managersThe pandemic has irrevocably changed the way we work. Once considered a place simply to do business, the office is fast becoming a ‘lifestyle choice’ among young people who value more than just a desk. Instead, they want an engaging, healthy, and resilient working environment where they can socialise, make friends, and build connections to help their career and wellbeing thrive. In fact, an EY study found that 90 percent of Generation-Z value the human connection in the workplace above salary when it comes to their at-work communication. A recent Gallup survey even found a tangible link between having a best friend at work and productivity: those who have a best friend in the office are twice as likely to be engaged in their role and company. More →

Research casts doubt on environmental benefits of hybrid working

Research casts doubt on environmental benefits of hybrid working

by • Flexible working, News

commuters and hybrid workingA permanent post-pandemic switch to hybrid working may do little to reduce carbon emissions as the majority of remote workers travel further each week than their office-based counterparts, new research from the University of Sussex Business School reveals. The newly published study finds that, prior to the pandemic, most remote workers in England travelled further each week than office-based workers – despite taking fewer trips. This was partly because remote workers tended to live further from their workplace than non-teleworkers, so had longer, if less frequent, commutes. In addition, remote workers engaged in more travel on the days when they worked from home – for example, by making extra trips to shops and cafes. More →

Structural and cultural change are what we need to escape the wellbeing rut

Structural and cultural change are what we need to escape the wellbeing rut

by • Comment, Flexible working, Wellbeing

wellbeing at workWellbeing has been one of the largest challenges to the UK workforce over the last several years. A recent study by the Mental Health Foundation and the London School of Economics and Political Science (LSE), states that mental health problems cost the UK economy at least £117.9 billion every year – around 5 percent of the UK’s GDP. Companies recognise the urgency to help: British employers planned to increase spending on employee mental health and wellbeing by 18 percent from 2021 to 2022. But the long and short of the issue is that this progress is being outpaced by accelerating burnout rates among workers. More →

Attendance bonuses actually increase employee absence, claims new research

Attendance bonuses actually increase employee absence, claims new research

by • News, Workplace

paradox of attendance bonusesOffering employees a monetary bonus for good attendance actually has the opposite desired effect, increasing employee absence, finds new research from Frankfurt School of Finance and Management. Monetary incentives are widely used to align employee actions with employer objectives. Timo Vogelsang, Assistant Professor from Frankfurt School, and colleagues from the University of Cologne investigated the impact of attendance bonuses on employee absenteeism. More →

Women don’t network as much because they undervalue themselves

Women don’t network as much because they undervalue themselves

by • News

women undervalue themselvesWomen hesitate to build networks because they underestimate their ability, according to research by Aalto University School of Business. The study, conducted by Marjo-Riitta Diehl and her research co-authors, investigated the motivational aspects of networking. They found that women don’t believe that they will add value to other members of their networks and as a result feel that they derive more benefits from the networks, leading to a fear that they owe a debt of gratitude to others. More →

Firms are failing to meet the needs of hybrid workers

Firms are failing to meet the needs of hybrid workers

by • Flexible working, News

hybrid workersA survey of UK employers and employees gives insight into the lack of provision for remote and hybrid workers to carry out their roles. While just over half (56 percent) of employers admit they regularly check in with all employees to enquire about their health and wellbeing and 55 percent provide laptops, 73 percent of employees are ready to choose their next employer based on physical, health and wellbeing support and flexible technology provision. More →

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