Search Results for: office

Technology firms will determine the future of real estate, claims report

Technology firms will determine the future of real estate, claims report 0

future of real estateThe future of real estate will be shaped by the confluence of technological and physical infrastructure, the growth of flexible working, shrinking lease lengths, a shift in focus away from location and the changing expectations of occupiers. These are the key and perhaps unsurprising conclusions of a new report from KPMG. One of the most intriguing findings of the New Foundations report is that the widespread application of data analytics and the growing number of occupiers who will use office space as a service will lead to a greater degree of collaboration between property and technology firms to offer space to clients. Although property firms may still take the lead, the report suggests that ‘serviced office models are just the beginning of this trend and specialist companies will emerge to scale up and manage these income streams. These might be joint ventures between existing property owners and technology providers.’

While politicians squabble, here’s what the Budget meant for the workplace

While politicians squabble, here’s what the Budget meant for the workplace 0

Bash streetStrange as it may seem now, there was a Budget last week. We’d planned to produce a report on it once the dust had settled but given that whatever dust had originally been kicked up has now been swept away by a political storm, it’s only now we feel able to offer some perspective a few days out. As ever these days, the budget touched on a number of aspects of the workplace, sometimes hitting the mark and sometimes suggesting politicians don’t yet understand how people work. There was the usual stuff about rates and commercial property but also plenty to digest about the freelance economy, productivity, new technology, flexible working legislation and the current, often faltering attempts to develop wealth and infrastructure as well as the 21st Century creative and digital economy in places other than London. There’s plenty to digest here and plenty of people have already had their say, so a chance to grab a coffee and take all or some of it in.

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The Insight newsletter for March 18 is available to view online

The Insight newsletter for March 18 is available to view online 0

Insight newsletter identIn this week’s Insight Newsletter; Mark Eltringham on the seven ways flexible working is chaining us more firmly to work and why there are more ways than one of providing recyclable office furniture. Google scales back its plans for its Californian campus; US businesses waste up to $1.8 trillion annually on mundane tasks; new guidance is published on delivering sustainable fit outs; and many organisations only hold on to paper-based document for their signature. Confirmation that companies that don’t offer their employees a convenient location and appealing workplace are more likely to lose them; Hong Kong and London are the world’s most expensive office locations and the unhealthy effects of commuting by car. Download our latest Insight Briefing, produced in partnership with Connection, on how the boundless office can be freed from the shackles of time and place and access the latest issue of Work&Place. Visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

Google submits revised plans for California headquarters

Google submits revised plans for California headquarters 0

google-new-hq-plans-5 smGoogle’s ambitious plans  for a new headquarters complex in California have been dramatically scaled back after the original plans were rejected by the City of Mountain View authorities. The original project came into question last year when it was revealed that Google’s plans were seen as overly ambitious given that they were competing for available space with LinkedIn’s plans for  an office on adjacent land. The new plans, created by Heatherwick Studio and Bjarke Ingels Group share many of the same objectives however, including an open design, extensive landscaping, a focus on both work and leisure facilities and a flexible and sustainable design. The new schematics present it essentially as Centre Parcs populated by hipsters. As one Insight contributor convincingly argued recently, this sort of design is impressive and ideal for Google but should not be taken as a blueprint for anybody else.

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Organisations and senior staff have contradictory ideas on motivation

Organisations and senior staff have contradictory ideas on motivation 0

Motivated senior staffOnly 40 percent of executives say their organisation helps them unlock their potential, according to a new global survey of senior executives. Pay and benefits are just one of many factors motivating these executives; with the most commonly cited motivation “making a difference,” chosen by 55 percent of respondents, followed by “personal growth and development,” “leading and organising others” and “monetary compensation,” each chosen by 45 percent of those surveyed. The wide range of motivations among leaders is underscored by the fact that no single factor was chosen by much more than half of the respondents. The survey by Egon Zehnder, “What Makes You Thrive?” discovered that many executives are leaving their potential at the office door, with 31 percent saying their organisation didn’t help unlock their potential and 27 percent not sure. 72 percent of those surveyed said they would welcome more help from their organisation to pinpoint and pursue personal motivations and goals.

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Poor line management blamed for lack of career progression at work

Poor line management blamed for lack of career progression at work 0

Poor line managementA third (33 percent) of UK employees say their career progression to date has failed to meet their expectations, with four in ten (39 percent) blaming poor line management for stifling their ambitions. According to the latest Employee Outlook Survey: Focus on Skills and Careers from the CIPD, a lack of effective training programmes (34 percent) and negative office politics (34 percent) are also to blame. The survey of over 2,000 employees considered the key factors relating to employees’ upbringing, education and workplace that affect whether or not their career progression had met their expectations. It also found that over a quarter (26 percent) of those whose career has failed to live up to their expectations identified poor-quality career advice and guidance at school as a key factor to blame, with three in ten (29 percent) saying they are in the wrong career so cannot show their strengths or potential.

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The difference between ‘recyclable’ and ‘recycled’ is management not material

The difference between ‘recyclable’ and ‘recycled’ is management not material

recycled coffee cupThe Times (paywall) has uncovered some pretty remarkable statistics about the way the British consume coffee. It appears that we now buy some 2.5 billion paper cups of coffee each year, primarily from the main High Street chains. That’s about 7 million cups a day. The good news for the environmentally conscious public would appear to be that all the chains ensure that each cup is fully recyclable and so prominently displays its green cred where the consumer can’t miss it. The problem is that just 1 in 400 of the cups are actually recycled with the rest going to landfill. The firms involved may include recycling bins in-store, but that accounts for just a fraction of the disposal of the cups. As The Times points out, the companies understand that consumers are more impressed by the claim that a product is 100 percent recyclable than 0.25 percent recycled. They are swayed by the material and ignorant of the management.

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A new guide to delivering successful sustainable fit-out projects

A new guide to delivering successful sustainable fit-out projects 0

Design Museum fit-outToday marks the publication of a new guide which claims to help contractors and end-users deliver sustainable fit-out projects. Published by trade body the Construction Industry Research and Information Association (CIRIA), the Fit-out environmental good practice on site guide (C757) claims to be a more practical guide than other publications and standards and addresses the most important challenges for those responsible for fit-outs across a range of sectors including offices, retail, education, leisure and health. The authors claim that the fit-out sector faces unique challenges that include the need for a quick turnaround of projects, the need to control costs as well as deal with project specific site constraints. The guide aims to help the managers of fit-out projects to meet these challenges as well as helping them to deliver projects that are sustainable both during the fit-out phase, occupancy and the life of the completed project.

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Over half of workers are not getting enough sleep to do their job effectively

Over half of workers are not getting enough sleep to do their job effectively 0

sleepyDaylight saving time began in the US on Sunday and the clocks will ‘spring’ forward in the UK and Europe in less than a fortnight’s time (27 March). Although having more daylight is welcomed, losing even an hour’s sleep can be a jolt to the system. According to a new survey from CareerBuilder, over half of workers (58 percent) already feel they don’t get enough sleep, and 61 percent say lack of sleep has a negative impact on their work. Only 16 percent of workers say they actually reach the recommended goal of eight hours sleep, with the majority of workers (63 percent) logging an average of six to seven hours of sleep each night during the workweek, while 1 in 5 (21 percent) average five hours or less. But as much as insufficient sleep affects workers’ jobs, the reverse is true as well: 44 percent of workers say thinking about work keeps them up at night.

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US businesses wasting $1.8 trillion annually on mundane tasks

US businesses wasting $1.8 trillion annually on mundane tasks 0

Boring mundane meetingsA new report from enterprise software firm Samanage, claims that US businesses are wasting up to $1.8 trillion annually on repetitive and mundane tasks that could easily be automated, leaving people free to carry out more productive and creative work.  The Samanage State of Workplace Survey, polled around 3,000 US working adults and claims that workers spend an average of 520 hours a year – more than one full day’s work each week – on repetitive services and tasks that could be easily automated, such as, password reset requests, contract reviews and approvals, office supply requests and performing other simple administrative tasks. In addition to lost time and money, the survey also claims employees are skirting organisational IT policy. Outdated technology is holding employees in the modern workforce back from driving process efficiency and identifying ways to make their work life better.

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Staff believe 91 percent of UK firms will no longer be competitive by 2020

Staff believe 91 percent of UK firms will no longer be competitive by 2020 0

right-information-right-technologiesStudies using 2020 as an apocalyptic landmark are thinner on the ground these days as we get closer to the actual year, so it’s great to see the old chestnut given another roasting in a new report from tech consultancy Infomentum. The headline stat from their new Beyond Digital report is that 91 percent of UK employees believe that new technology will mean that their current businesses will no long be competitive by 2020 unless they face up to the challenges of the digital economy. The report, based on a study of over 1000 office workers, examines how new technology is set to disrupt businesses and employment. Around 50 percent of respondents believe their employers will have to invest in new technology in order to fend off extinction. The survey also suggests that organisations resort to bandwagon jumping when it comes to new technology rather than assessing their needs before making decisions.

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Rents stabilise in London, but occupiers will pay premiums for views

Rents stabilise in London, but occupiers will pay premiums for views 0

Nova buildingDemand for office space across prime Central London remains strong, with 3.4m sq ft of lettings recorded in Q4 2015, according to the latest Office Market Bulletin from Cluttons. However, even with continued high demand, prime rents have started to flatten, with rent rises seen in only six of 18 submarkets.  While Canary Wharf witnessed a rental hike of 5.6 percent during Q4, underpinned by occupiers who are willing to move further away from the core, particularly for large floorplates, to areas perceived to offer good value; in contrast, the City Core, which already has a high amount of good quality space, appears to be struggling to absorb the large increase of supply coming through, causing rents to stabilise. And towards the end of 2015 further developments within the City were announced which, if completed, could lead to a supply glut. Across the markets though, the top floors in the best schemes are attracting an increasing rent premium of 5-10 percent.

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