Search Results for: employee

Businesses failing to look at workplace effectiveness in the right way

Businesses failing to look at workplace effectiveness in the right way 0

workplace-effectivenessThis month, the director-general of the Confederation of British Industry (CBI), Carolyn Fairbairn, suggested that productivity growth across all parts of the UK economy should be the number one priority for business and government. And the CBI isn’t alone in emphasising the importance of honing in on and tackling the ongoing productivity problem. According to the Organisation for Economic Co-operation and Development’s (OECD) economic forecast summary, published earlier this summer, productivity has been exceptionally weak since 2007 and doesn’t show much sign of abating nearly ten years later. Labour productivity per employee has failed to markedly rise since the global downturn and the UK is still miles behind the G7 average – that’s according to the Office for National Statistics (ONS) quarterly figures and CBI data. So, to echo Fairbairn, reviving British productivity is essential to sustain growth and living standards.

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Boost predicted for commercial property transactions across the UK

Boost predicted for commercial property transactions across the UK 0

commercial-propertyThe next five years will see demand for commercial property in the South East of England expand at a faster rate than in London according to the Royal Institution of Chartered Surveyors (RICS) Annual Occupiers Survey 2016. The survey, conducted in association with EY and Savills found that a fifth (20 per cent) of UK property decision-makers expect to increase rather than decrease the amount of space they own or rent in the South East. In total, a net balance (percentage expecting to expand minus percentage expecting to downsize) of 13 per cent more respondents in the South East expect to increase, rather than decrease their portfolio, nearly double the figure for London at seven per cent. The net balance figures showed the lowest indication of growth was in the South West, at four per cent. The survey also revealed that 41 per cent of UK firms expect to expand the amount of UK property they own or rent over the next five years while only 8 per cent expect to downsize.

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HSBC moves 300 staff into coworking space in Hong Kong

HSBC moves 300 staff into coworking space in Hong Kong 0

tower-535-coworking-12The idea that coworking is primarily for the self-employed, tech startups and other small firms who can’t afford permanent offices in the world’s expensive cities has been challenged with the news HSBC has moved 300 staff into a coworking space in Hong Kong, according to a report in the South China Morning Post. The bank has rented the workstations in WeWork’s space in Causeway Bay, one of the world’s most expensive districts for offices and shops. The bank has taken out a large scale corporate membership with WeWork for the 300 members of its digital and transformation team. According to the report, a spokesman from CBRE claimed that the move is less about saving money than it is with providing short term flexibility in a time of economic uncertainty. However you view that, the bank is saving as much as HK$2.45 million a month with the move (£240,000 or $320,000). The annual cost savings are estimated at HK$23,640 per person.

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Employers must adopt a trust based approach to flexible working

Employers must adopt a trust based approach to flexible working 0

Working remotelyEmployers are being urged to create a more inclusive and flexible working environment for their employees by adopting a trust based approach which focuses on the meeting of objectives rather than hours. This is the advice of Harvard University’s Global Leadership award winner Charlotte Sweeney on the launch of National Work/Life Week. In 2015, 23 percent of employees were reported to be doing some of their work remotely, up from 19 percent in 2003 according to the Bureau of Labour Statistics. But more than just adopting agile working, the diversity expert says businesses should begin to focus on individual well-being and supporting employees to enrich all aspects of their lives, their families and their communities. Corporates should implement a trust-based approach, which focuses on employees meeting their objectives, rather than focusing on where they are actually doing the work or even how many hours it takes to complete.

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Employers urged to support ‘sandwich generation’ of older workers

Employers urged to support ‘sandwich generation’ of older workers 0

older workersOver a third (36 percent) of managers are unaware of anything their organisation does to attract, retain and engage older employees despite two-thirds (66 percent) believing the average age of retirement will increase in the next five to ten years. This is according to a new white paper from AXA PPP healthcare – Supporting fuller working lives – How organisations can embrace older employees and those with caring responsibilities. It warns that with the proportion of people aged 50 to 64 and aged 65+ in employment on the up (from 55 percent to 70 percent and from 5 percent to 10 percent, respectively, since 1984) and an estimate by Carers UK that nearly two-thirds of people are likely to end up caring for someone at some point in their lives. Yet the research claims that many businesses are not sufficiently adjusted to the changing nature of the workforce and not tuned in enough to helping workers who are often sandwiched between caring for older relatives and their offspring.

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Mass media job promotion spells global staff engagement challenge

Mass media job promotion spells global staff engagement challenge 0

Global recruitment and engagement

As the global labour market warms up and active job seeking increases, employees’ plans to stay with their current employers are declining. This is due to a shift in attitudes by employees who’ve long believed that the job opportunities they were seeking did not exist in the labour market; but are being convinced otherwise as companies increasingly turn to mass media to promote appealing employment brands and job opportunities. While this is good news for companies looking to attract new talent, employers looking to retain their best people must also take notice. This is according to data from CEB’s Global Talent Monitor, which claims that employees are also putting in less effort at work in all regions except North America and suggests that to keep top talent in place, companies will need to better promote internal job opportunities and benefits, rather than letting employees think they must go elsewhere to find the jobs they want. The research did find though that UK employees are feeling generally less confident due to Brexit uncertainty.

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Women told to wear heels and vamp up their appearance at work

Women told to wear heels and vamp up their appearance at work 0

Heels at work

It seems the news earlier this year that a woman from an FM company based at PwC had been sent home for not wearing heels is sadly not an isolated incident, as employers regularly tell women to put on more makeup, wear high heels and short skirts. The research by solicitors Slater and Gordon claims large numbers of women feel their employer has unfairly criticised their appearance in the workplace, with nearly one in five (19 percent) saying they felt more attention was paid to their appearance by their bosses than to their male peers. Shockingly, nearly one in 10 women (seven percent) have been told by bosses they preferred them to wear high heels whilst in the office or with clients, because it made them “more appealing”. Many women revealed they had been told to dress more provocatively and to be “sexier” – with almost 90 percent (86 percent) of those pressured to dress “sexier” and feeling their career might suffer if they didn’t comply.

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Millennials no different from their elders in attitudes to the workplace

Millennials no different from their elders in attitudes to the workplace 0

Young workersThe portrait often drawn of Millennials is that of a generation which is keen to stand out from that of its elders, and which is difficult to pin down. They’re said to have difficulty accepting a hierarchical structure and no longer view their salary as the only motivating factor but instead are looking for a sense of accomplishment in their work. Yet as we reported recently, the behaviour and expectations of this younger generation has in fact stayed fairly constant. For them, the ideal company has attributes which are actually fairly similar to those cited by their more experienced colleagues. The result of the latest Edenred-Ipsos barometer into the under 30s suggests that for employers, the issue is not so much about dealing with this generation independently of the others, but rather globally rethinking leadership challenges in an environment which is increasingly digitalized, horizontal and multi-task oriented, taking into account individual countries’ cultural differences.

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Employers will promote internal talent to meet Brexit challenge

Employers will promote internal talent to meet Brexit challenge 0

Brexit talent drain

Bosses are divided on whether staff morale will suffer following Brexit, with 48 percent of respondents to a recent survey believing it will and 51 percent expecting no change, despite 74 percent of organisations believing employees are at least ‘somewhat concerned’ by the impact of the vote. Though the majority of companies (82 percent) believe it is their duty to keep employees informed of the potential impact of Brexit on their organisations, few (11 percent) have started communicating openly. The report by Mercer, Planning for Brexit – Talent Implications, also suggests the while the true impact of potential changes to immigration policy remains unknown so far, talent availability is being seen as a top long-term challenge. Over half (58 percent) of companies think their workforce plans will change in the longer term and the majority (66 percent) anticipate a stronger focus on developing and promoting talent from within to compensate for a possible lack of access to wider talent pools.

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New project invites organisations to explore issue of workplace wellbeing

New project invites organisations to explore issue of workplace wellbeing 0

wellbeingAre our offices making us sick? This is the question addressed by a new research project looking at the link between health in the workplace and access to the natural environment. The study is backed by the Soil Association, is endorsed by Kate Humble and Hugh Fearnley Whittingstall and draws on studies from the past thirty years which have also addressed the issue. The Good Life Project aims to provide evidence-based and cost-effective solutions to the benefits of nature in making businesses happier, healthier and more profitable. The project is led by behaviour expert and author Jez Rose along with a team of psychologists and neuroscientists and is endorsed by the Soil Association. The Project is designed to overcome the problem of workplace absenteeism by trying out a range of workplace initiatives based around the natural environment to see what sort of difference they make to an employee’s feeling of wellbeing.

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North America leading the way in adopting healthier buildings

North America leading the way in adopting healthier buildings 0

Wells Fargo SAN FRANCISCO, CA, USAWhile building owners, developers, managers and investors in North America are showing increasing interest in practices that prioritise the physical, mental and social well-being of tenants and occupants, European buildings have fewer spaces created with wellness in mind. The Drive Toward Healthier Buildings 2016, by Dodge Data & Analytics and the World Green Building Council, produced in partnership with the Canada Green Building Council and Delos, says the top five healthier building features currently in use include better lighting, products that enhance thermal comfort, spaces that enhance social interaction, enhanced air quality and products that enhance acoustical comfort. However, in an analysis of global trends in health and wellbeing, European respondents reported less frequent use of spaces that enhance tenant mood, spaces that enhance social interaction or spaces that create opportunities for physical activity than their North American or Asian counterparts.

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London firms promote health and wellbeing with Square Mile Relay

London firms promote health and wellbeing with Square Mile Relay 0

hero-mediumOn the 22nd September, the biggest corporations in the City of London will compete in the iconic Bloomberg Square Mile Relay. The global race series, now in seven cities across the world, is celebrating its tenth anniversary in the capital with a record sell-out of 115 teams taking part in a unique relay in the heart of the square mile, as they attempt to prove themselves to be the fastest in the city. Each team consists of 10 runners, and each runner will be required to complete a one-mile course before passing the baton to the next competitor.  While at the heart of this race is its charitable motives, it is also reflective of an ongoing rhetoric surrounding the importance of health and wellbeing  in the workplace. The companies who have chosen to compete in this year’s global race series are communicating their desire for employees to embrace fitness as a lifestyle choice. It is a strategy in alignment with the ‘soft’ or ‘Harvard’ model of human resource management

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