Search Results for: Gen Z

June 15, 2016

Tech sector drives demand for office space in London’s City fringes ⁰

by Sara Bean • Cities, News, Property, Technology

London’s City Fringe market, the once ‘cheap’ office location of Central London has matured into a leading global tech address and, with a number of new mixed use developments underway and more planned, its success is set to continue. According to data from Savills, average Grade A rents in the area have increased by 87 percent in the last six years with the best new office space now trading at a discount of only 3.5 percent to the same quality of building in the City Core (a saving of circa. £1 per sq ft). According to Savills research, the first quarter of 2016 saw average Grade A rents in the City Fringe reach £59.42 per sq ft (compared to £61.60 per sq ft for non-tower Grade A office buildings in the City Core). This pattern is accelerated by new office developments including Derwent’s White Collar Factory and Helical Bar / Crosstree’s Bower Development, both EC1, and key deals to Adobe, BGL Group, Stripe Limited and CBS Interactive.

June 14, 2016

Home workers happier, able to balance responsibilities despite long hours ⁰

by Neil Franklin • Flexible working, News, Wellbeing

New research claims that home-based employees are choosing to work more hours than those who work in traditional offices. According to the study carried out by homeworking agency Sensée, despite opting to work more hours daily, home workers are generally happier because they’re empowered to choose the hours they work so they can still attend to family responsibilities. Three quarters of home workers (77 percent) stated that working from home enables them to achieve more, including caring for family members or friends and exercising more. Time and money saved on commuting – along with more control over their day – were cited among the top three benefits of working from home. The research also claims there is a desire to work from home among office-based employees. Three-fifths (81 percent) of office-based employees said they would take the opportunity to work from home either full time or part time to care for a family member or friend.

June 14, 2016

UK leads the world in serviced offices and demand is set to rise ⁰

by Sara Bean • Facilities management, Flexible working, News, Property

The UK is the leading global serviced office sector, with the largest and most mature market, accounting for over a third (36 percent) of the worldwide serviced office footprint, according to a new report commissioned by serviced office group Office Space in Town. The UK serviced office market has grown by 31 percent since 2008, and it is projected to increase in value significantly by 2025, to £62 billion on conservative projections and £126bn on more optimistic forecasts. There are three key drivers behind its rise: increasing numbers of growth businesses, expansion of key sectors that use serviced offices and the trend towards more flexible working. There are sound economic and business behavioural reasons to believe this growth in demand for serviced offices will continue over the next decade. This, in part, will come from growth in small firms and business start-ups, which comprise a large share of current serviced office users.

June 14, 2016

What does Stephen Hawking have to do with office productivity? ⁰

by Darren Bilsborough • Comment, Facilities management, Workplace, Workplace design

Whether you are in the business of running a company or even running a country, the words efficiency and productivity are not only frequently used in policy and strategic rhetoric, they also appear to be largely interchangeable. This is frequently problematic. There is no denying the importance of both, but understanding their differences is vital to achieving real success when focusing on financial outcomes. The Merriam-Webster Dictionary defines efficiency and productivity in the following ways: Efficiency – the ability to do something or produce something without wasting materials, time, or energy. Productivity – the rate at which goods are produced or work is completed. Essentially, increasing efficiency means doing more with less, whereas increasing productivity means producing more with the same, for a business this typically means with the same amount of staff, space, time or materials.

June 13, 2016

Culture change needed to stem senior female executive attrition rate ⁰

by Sara Bean • Comment, Flexible working, Legal news, News, Workplace

With less than 10 percent of FTSE 100 companies in this country having a female CEO, a cross party group of MPs from the Women and Equalities Select Committee have been enquiring into ways of increasing the significant under-representation of women at executive levels. The introduction of quotas and regulation has been suggested to address this lack of gender diversity. In its submission to the committee consultant’s Mercer argue that although measures such as quotas can have a visible impact in the short term, the most effective and sustainable way of getting women into senior and executive roles is by focusing on growing and developing a pipeline of female talent in an enabling and supportive environment, tailored to their unique skill-sets, financial, and health needs. Its recently launched study ‘When women thrive, businesses thrive’ shows that senior women leave at much higher rates than men, which supports our argument that the prevailing business culture doesn’t support working mothers.

June 10, 2016

Plans unveiled to double size of MediaCityUK over the next ten years ⁰

by Sara Bean • Cities, Facilities management, News, Property

MediaCityUK, best known as the new home of the BBC, is to double in size over the next decade under ambitious plans submitted to Salford City Council. Up to ten new buildings are envisaged with a development value of more than £1 billion. Key features of phase two of MediaCityUK include 50,000 m2 (540,000 sq ft) of offices, 1,800 apartments, retail and leisure, complemented by public spaces with a pedestrian promenade running through the scheme. Outline approval for the plans was granted in 2006. A condition of that permission was that detailed proposals, including all building designs and specifications, needed to be brought forward this year. The plans are expected to be considered by Salford’s planning panel in September. MediaCityUK is a joint venture between Peel Land and Property and Legal and General Capital, who share a long-term commitment to the further expansion of a creative and digital hub which already houses 250 businesses including the BBC, ITV, dock10, Ericsson and SIS.

June 10, 2016

What holiday? Why it is vital for productivity to take a digital detox ⁰

by Ciara McGrath • Comment, Flexible working, Wellbeing, Workplace

The explosion of digital devices means that we’re always connected to the office, wherever we might be. In a survey conducted by the Chartered Management Institute, only half of UK managers booked a summer holiday. While 35 percent put their annual holiday plans on hold, 69 percent of those not taking a holiday cited their workload as a reason why. Even for those taking some time off, 12 percent planned to check their email daily, 19 percent said they would check their mail most days, and 26 percent planned to check at least once or twice a week. In the US, the situation is the same; 61 percent of employees said that they planned to work during their break. 38 percent planned to spend time reading emails, 32 percent said they would access work-related documents while on holiday, 30 percent planned to take work phone calls, and 20 percent would complete work tasks if asked by a colleague, boss or client.

June 9, 2016

Job seekers say telecommuting is most desired form of flexible work ⁰

by Sara Bean • Flexible working, News, Workplace

According to research from Flexjobs, telecommuting has grown 103 percent since 2005 and approximately eighty to ninety percent of the workforce would like to telework at least part-time. Work-life balance (81 percent), family (56 percent), time savings (56 percent), and commute stress (48 percent) are the top reasons people seek flexible work arrangements. Millennials would put flexible working ahead of professional development training, company reputation and a sense of purpose when looking for a job. FlexJobs recently analysed the remote job listings of over 40,000 companies to determine which companies have been recruiting for the most telecommuting positions in recent months. Healthcare, technology and education were the most well-represented industries. The remote job listings at these companies are equally diverse, such as business analyst, product manager, developer, teacher, director of communications and market researcher.

June 8, 2016

Mayor of London moves to open up more office spaces for startups ⁰

by Neil Franklin • Cities, Flexible working, News, Property

It is telling that one of the first issues to be addressed by incoming London Mayor Saddiq Khan is the problem the capital’s thriving startups have in simply finding a place to work. Although the measures outlined in the new London Plan are aimed primarily at addressing London’s housing crisis, they also include measures to deal with the reduction in the amount of viable office space available following the relaxation of planning rules which allow developers to more easily switch existing office stock to residential use. The costs of office space in London is a growing concern for all sectors, but falls especially hard on startups. According to a recent study by SpareOffice, even the use of coworking space is an issue, with average monthly fees of £357 per person. Now the mayor has announced that he will put new measures in place to help protect and expand office space for small businesses, start-ups and entrepreneurs in London.

June 8, 2016

Cities must lead the way in cutting carbon emissions says IEA ⁰

by Sara Bean • Cities, Environment, Facilities management, News, Technology

With urban areas accounting for up to two-thirds of the potential to reduce global carbon emissions, cities must take the lead in the transition to low-carbon energy, says the International Energy Agency (IEA) in its annual report. Offering long-term pathways that could limit the global temperature increase to no more than 2°C, in line with the goals set at the Paris climate conference (COP21) in December 2015, the report suggests that the most cost-effective approach involves deploying low-carbon options in cities, especially in emerging and developing economies. Because buildings provide useful space to self-generate the electricity they consume: by 2050, rooftop solar could technically meet one-third of electricity demand. Such buildings offer significant demand potential for the roll-out of the most efficient technologies, like energy-efficient windows and appliances. However, international collaboration is essential, claims the report.

June 8, 2016

Britons now looking forward to a world of robots, chatbots and virtual reality ⁰

by Sara Bean • Flexible working, News, Technology, Workplace

Contrary to the idea of the damaging effects of new technologies on jobs and cyber security as suggested in research published last week on the use of robots in the workplace, new research suggests that people in the UK are happy at the prospect a domestic droid or cyber assistant. The research by advertising agency J. Walter Thompson into the consumer market found that; 74 per cent agree that technology puts them in control; more than half (54 percent) are open to delegating some of their decision making; two thirds (64 percent) like the idea of using technology to get a better understanding of who they are as a person and 74 per cent say that they are more likely to buy a product that has been customized to their specifications. The study also found that half (54 percent) of the 4,500 people surveyed are open to delegating some of their decision making such as making appointments.

June 7, 2016

Senior management input required to promote workplace wellbeing ⁰

by Sara Bean • News, Wellbeing, Workplace

Just a third of American workers say they regularly participate in health promotions provided by their employer, despite the prevalence of workplace wellness programmes. According to the American Psychological Association a key part of the solution is increasing senior leadership support. In the APA’s 2016 Work and Well-Being Survey, less than half of working Americans (44 percent) reported that the climate in their organisation supports employee well-being, and 1 in 3 admitted to being chronically stressed on the job. However, nearly three-fourths (73 percent) of employees with senior managers who show support through involvement and commitment to well-being initiatives said their organisation helps employees develop a healthy lifestyle, compared with just 11 percent who work in an organisation without leadership support. Among all employees surveyed, 33 percent said they typically feel tense or stressed out during the workday, and only 41 percent said their employer helps workers develop and maintain a healthy lifestyle.