Search Results for: budget

What is expense management costing you and your business?

Brown envelope cashTime is money.  That’s why organisations are placing an ever-growing emphasis on improving productivity and streamlining administrative processes to encourage employees to focus on value-added activities. So I’m staggered by how many otherwise forward-thinking companies are still reliant on old-fashioned, paper-based expense management processes.  Expenses are an obvious time-sink for claimants themselves and  is often portrayed as a dull task; but badly managed expense processing costs employees and businesses money. A survey conducted by Access aCloud has discovered that employees are losing £45 a year owing to interest charges due to the waiting period of reimbursement – with a collective £2.1 billion lost by 46 million workers each year. In the UK, the average waiting time for expenses to be paid is 3.3 weeks. However, the survey revealed that over 20 per cent of people spend 6.3 weeks chasing their employer for their claims to be paid. More →

Poor office design costing firms in Gulf States dear, claims report

poor office designCompanies in the Gulf States with poor office design are losing a significant amount of money each year because of an associated loss of productivity and other factors including ergonomics and health and safety. That is according to a new survey carried out by YouGov on behalf of the Index exhibition organisers and office furniture manufacturer HNI. The survey puts the cost of poorly designed workplaces at as much as $70,000 (Dh257,000) per year for a large business and more than $35,000 (Dh128,500) a year for a medium-sized company in the region, according to a new study. A total of 867 senior managers across the Gulf Cooperation Council (GCC) nations including the UAE, Saudi Arabia and Kuwait  were surveyed to establish the leading cause of employee accidents within the workspace, as well as the major causes of occupational health issues.

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Support for flexible working an increasing challenge for IT managers, claims survey

Flexible workingOne of the greatest challenges currently facing IT managers is providing secure and robust technological infrastructure for flexible working, and it is set to become even greater as more and more firms adopt Cloud based working, according to a new report  from technology specialists ControlCircle. The survey of 250 UK based CIOs, ‘IT Growth and Transformation’ found that over the next five years the increasing mobility of the workforce is going to present them with a range of increasingly important challenges, with IT leaders predicting that security (56 percent), cloud (46 percent) and mobility (41 percent) set to become the biggest challenges they face. The survey also revealed that nearly half (48 percent) of respondents experience hourly, daily and weekly technology availability issues and a fifth (21 percent) experience business downtime daily or hourly as a result.

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Unprecedented rise in demand for commercial property outstrips supply

Supply-and-demandThere was a marked increase in demand for office space in the first quarter of this year. According to the latest RICS (Royal Institution of Chartered Surveyors) commercial property survey, tenant demand for commercial property rose at an unprecedented rate; with 52 per cent more surveyors polled reporting higher demand from clients for space. Proving that the recovery is no longer limited to the capital, this increased demand is being seen in all regions outside of London. However, demand for commercial property is fast outstripping supply, resulting in rising rents. Following four quarters of declining supply as suitable commercial space is snapped up – 30 per cent in this latest poll are reporting a further drop in the availability of office space, with expectations for rising rents at the highest level since before the financial crisis. More →

Local Government is lagging behind in its use of digital technology

Diplodocus_NHM

© Natural History Museum

A new report claims that the UK’s local authorities are not only lagging behind the rest of the world in their use of digital technology but in some areas their development has stalled completely, despite significant investment. The report, Smart People, Smart Places from the New Local Government Network claims that ‘whilst there is much good practice emerging,  councils sometimes struggle to fully unlock the benefits of technologies that they do invest in [because] they are often uncomfortable, and risk averse.’ While it acknowledges that the problem does not apply to every council, with some showing exemplary thinking in certain areas, it also paints a general picture of organisations unable and unwilling to make the most of the technology in which they invest, lacking vision and leadership and intimidated by change.

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Public sector purchasing doesn’t need this kind of lightbulb moment

lightbulb1The latest of the weekly kickings reserved for the UK’s public sector purchasing community comes in the shape of a BBC Panorama documentary alleging that a range of frauds and cock-ups cost the National Health Service around £7 billion a year. The NHS denies these figures but there are clearly obvious and serious deficiencies in the way goods and services are procured across the public sector, as we have reported. Yet there is a flipside to such reports which tap in to (and sometimes pander to) a widespread scepticism of the way the public sector goes about its business. So we must first ask whether an equivalent private sector organisation with a budget of £109 billion a year would not also be open to a wide range of eye-wateringly expensive failures, inefficiencies and frauds. And secondly we must question whether the great British public, along with some businesses, are generally able to grasp the issues involved.

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Happiness and wellbeing more important to people than economy

International Happiness DayWhatever their opinion on yesterday’s Budget, the vast majority of Britons think levels of happiness and wellbeing matter more than the size of the economy. In a YouGov poll commissioned to mark today’s United Nation’s International Day of Happiness, a majority (87%) of UK adults were found to prefer the “greatest overall happiness and wellbeing”, rather than the “greatest overall wealth” (8%), for the society they live in. And despite the Conservative Party’s much lampooned attempts to appeal to working class people who they presume enjoy bingo and beer, this majority was found to be broadly consistent across all regions, age groups and social classes. LSE economist and co-founder of Action for Happiness, Lord Richard Laya says the results show that more priority should be given to mental health and wellbeing. More →

Legal update – Employment Law changes ahead in 2014

Employment Law changes ahead in 2014

Some of the most hotly debated employment law issues from last year; including flexible working, workplace wellbeing and the contractual rights of employees look set to make more headlines this year, because 2014 is shaping up to be another year of significant change in UK employment law. While the timetable is subject to amendment, currently the Government is intending to introduce a number of revisions. The key employment law events and cases to watch out for in 2014 will include changes to TUPE, flexible working, flexible parental leave, employment tribunal procedures, redundancy consultation, Acas conciliation, calculation of holiday pay and post-employment victimisation;  which we list below in the date order in which they are proposed. More →

Staff would “rather have the money” than endure an office Christmas party

Office Christmas party

The annual office Christmas party is typically viewed as an annual treat that recognises and rewards employees – but for nearly half of the population the events are a chore more associated with drunkenness and often regrettable romantic liaisons than bonding or motivation. In a poll by serviced office provider Business Environment, one in five (20%) find Christmas parties a chore, while one in ten (13.7%) wish there would be no Christmas parties at all. Although roughly a third of people (31.6%) reported that Christmas parties helped them bond with their colleagues, and slightly more than a quarter (27.3%) reported the events make them feel rewarded for hard work, 62.2% of respondents “would rather have the money”.

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Nearly two thirds of SMEs now trust employees to work flexibly

One of the main arguments against flexible working amongst blue chip organisations – which was well documented following the Yahoo furore earlier this year, is that it is detrimental to fostering a collaborative working culture. Amongst small and medium sized companies, the reasons against are more straightforward, in that it demands a level of trust small business managers can ill afford to bestow unwisely. Now a new survey, carried out among over 200 UK-based SME decision-makers, highlights a growing acceptance of flexible working within these businesses. Well over half (63%) of senior executives say they trust their employees to remain productive when working away from the office, the Citrix-commissioned YouGov survey has shown. More →

IPCC climate report: built environment has major role to play in cutting carbon

built environment has major role to play in cutting carbon

The built environment has one of the biggest roles to play in tackling global warming, said the UK Green Building Council following the publication of the UN Intergovernmental Panel on Climate Change (IPCC) report which confirms that there is at least 95 per cent certainty that human activities are its principal cause. The Summary of the Report for Policy Makers; prepared by 259 climate experts from 39 countries, warns atmospheric concentrations of carbon dioxide (CO2), methane, and nitrous oxide have increased to levels unprecedented in at least the last 800,000 years, while CO2 concentrations have increased by 40 per cent since pre-industrial times. It advises that containing these changes will require “substantial and sustained reductions of greenhouse gas emissions”. More →

Winners announced for outstanding leadership in sustainable buildings awards

City Green Court

City Green Court building in Prague

British Land, Spanish city Vitoria-Gasteiz and the City Green Court building in Prague, Czech Republic, have clinched the top spots in the inaugural World Green Building Council Leadership Awards – Europe Region. The awards, which were announced to coincide with World Green Building Week 2013 – honour leadership and best practice in green building policy, construction projects and corporate initiatives. British Land won the category for Business Leadership in Sustainability; Vitoria-Gasteiz picked up the award for Leadership in City Policy for Green Building award; and office building City Green Court, topped the Leadership in Building Design and Performance category for its sustainability features. More →