Search Results for: Gen Z

March 22, 2016

Third of workers over 50 will retire later than planned, but not all reluctantly ⁰

A third of people aged over 50 who are employed in the private sector are now planning to retire later than they previously thought according to Aviva’s latest Working Lives report. A lack of pension savings (46 percent) is the primary reason for people to postpone their retirement plans, and the amount that would be available through the state pension (32 percent) was also an issue. Not all the reasons given for working longer were negative though, with one in five (21 percent) of those expecting to work longer doing so because they feel they still have a lot to offer their employer. A similar proportion (20 percent) said that job satisfaction has encouraged them to put off retirement. Levels of job satisfaction were highest amongst those aged over 65, with a large majority (86 percent) of private sector workers in that age group saying they enjoy their work, compared with just 57 percent of those aged 18-64.

March 21, 2016

Staff value engagement and culture but many feel let down by employers ⁰

by Mark Eltringham • News, Wellbeing, Workplace

Real estate consultancy JLL has issued a survey to explore the results of its January 2016 report into workplace engagement. The new study reveals – perhaps unsurprisingly – that there is a mismatch between employee’s positive attitudes towards the issues of engagement and culture and their negative experience of them in their current roles. So, while 87 percent of respondents agree that engagement and culture are key drivers of organisational performance, 42 percent don’t believe that their employer effectively capitalises on the workplace to enhance employee engagement, 46 percent do not think that their workplace is used as a key competitive differentiator to attract and retain talent and 41 percent do not agree that their workplace is used as a tool to generate a positive company culture. The study highlights the issues associated with lack of engagement and suggests a number of solutions to help employers engage with staff.

March 18, 2016

Foreign team leaders bring out the best in multicultural teams ⁰

by Mark Eltringham • News, Workplace

Foreign team leaders are better equipped to lead multicultural teams – and can directly increase team performance, according to new research from Katja Raithel of the RSM Rotterdam School of Management, Erasmus University. The report surveyed 66 multicultural teams and found that those led by foreign managers put in more effort and were better at completing their work on time.The teams also reported to be better at problem solving and were seen to be more effective in general.The results also showed that it does not matter how long a foreign national has been in the job – they will be more effective regardless of tenure. However, when looking at local leaders, Raithel found that the experience of leading a culturally diverse team could serve as an international experience in itself – and that the longer a local leader held their position in a multicultural team, the better the team would perform.

March 17, 2016

Study confirms that commuting by car has serious health consequences ⁰

by Mark Eltringham • Environment, News, Wellbeing

Adults who commute to work via cycling or walking have markedly lower body fat percentage and body mass index (BMI) measures in their mid-life compared to adults who commute via car, according to a new study in The Lancet Diabetes & Endocrinology journal. Even people who commute via public transport also showed reductions in BMI and percentage body fat compared with those who commuted only by car. This suggests that even the incidental physical activity involved in taking journeys by public transport may be significant. The study looked at data from over 150,000 individuals from the UK Biobank dataset, a large, observational study of 500,000 individuals aged between 40 and 69 in the UK. The study is the largest to date to analyse the health benefits of active transport. The strongest associations were seen for adults who commuted via bicycle, compared to those who commute via car.

March 16, 2016

Hong Kong, London and Beijing most expensive cities for office space ⁰

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

Hong Kong is the world’s most expensive office location, followed by London, Beijing and New York.This is according to JLL’s Premium Office Rent Tracker, which compares like-for-like occupation costs across 24 cities around the world. This ranks Established World Cities such as New York and London, Emerging World Cities like Shanghai, Dubai and Mumbai, and New World Cities such as San Francisco, Boston and Toronto. The latest research shows that six of the top ten most expensive cities for office rentals are in Asia; with Hong Kong the world’s costliest office rental market on a net basis as well as including added costs such as service charges and property tax. The tracker found continued demand prime office space, despite a rise in economic uncertainty; while across the global cities, the technology, media and telecommunications sectors are moving into premium office space – previously dominated by the finance and professional services sector.

March 15, 2016

Many firms only hold on to paper documents for their signatures ⁰

by Mark Eltringham • Furniture, News, Workplace design

While many people find it convenient to use paper as a medium for note taking and idea generation, the only reason many firms hold on to paper documents is to preserve the signatures on them. That is the key finding of a new survey from knowledge management trade association AIIM. The study found that 56 percent of executives retain signed contracts and order forms and 31 percent agree their paper documents are around only for the signatures. Consumption of paper remains high in many firms, but less and less of it is actually retained. The research is published ahead of new regulations which come into force in the EU later this year which are designed to standardise and codify the practice of retaining e-signatures on business critical documents. However, AIIM remains sceptical that the eIDAS regulations which come into force this Summer will quickly create a standard trust based form of e-signature.

March 15, 2016

Décor matters but location most important factor for the ideal office ⁰

by Sara Bean • Facilities management, Flexible working, News, Workplace, Workplace design

Recent data has shown that increasingly, it’s people, not cost, which is the primary driver behind real estate decisions. British Land has carried out research into what features would make up the UK workers’ ideal office and the results point to a clear link between delivering these ideal features and talent recruitment and retention. The good news is that the workers surveyed believe they would be 36 percent more productive at work if they were working in the ideal office, and, 86 percent say they’d stay longer with an employer that had the ideal office location and features. The other side of the coin is that 80 percent believe that companies that don’t offer their employees a convenient location and attractive features are more likely to lose them. Younger workers in particular are markedly more likely to move jobs to find a working environment that suits them, and this includes offering a workplace with a ‘buzz’.

March 12, 2016

Office redesign a priority + Menstrual leave debate + Nine workplace trends ⁰

by Sara Bean • Facilities management, Flexible working, Property, Workplace, Workplace design

In this week’s Insight Newsletter; Mark Eltringham weighs in on the flexible working/menstrual leave debate; Tricia McCall looks at the way the latest workplace designs are influencing the classroom. We learn about the nine workplace trends that managers should address; that staff believe that 91 percent of firms won’t be competitive by 2020 and that a majority of managers see redesigning their organisation as their most important priority. In news – the Government fails to deliver on technology; London occupiers will pay just for a view; and the CIPD warns that not enough organisations are taking action to address the causes of gender inequality. 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.

March 11, 2016

What that story about menstrual leave teaches us about flexible working ⁰

by Mark Eltringham • Comment, Flexible working, Technology, Workplace

There’s nothing that makes you yearn more for the end of humanity quite like the comments section on a website. There is such a direct correlation between your zeal for the apocalypse and the amount you expose yourself to the fetid bullshit that seeps from some people’s heads on to the Internet that you could graph it pretty accurately, with an especially steep curve formed by the stuff that lie below the surface of YouTube videos and certain newspaper articles. It’s wise to limit your exposure to this stuff because whenever you gaze into the abyss, the abyss gazes back into you. Occasionally though, the eye may drift below the content and catch a glimpse of how a lot of people think. One example cropped up recently when it was announced that a Bristol based company called Coexist had decided to offer its women employees menstrual leave, meaning they could work from home or take time out if they felt they needed it.

March 10, 2016

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

by Sara Bean • Facilities management, News, Property

Demand 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.

March 9, 2016

The nine workplace trends every organisation must learn to address ⁰

by Mark Eltringham • Facilities management, News, Wellbeing, Workplace, Workplace design

The latest company to set out its vision of workplace trends is food services provider Sodexo. The company’s 2016 Workplace Trends Report suggests there are nine key areas that managers should address, each linked by the common theme of striking the right balance between the organisation’s commercial objectives and the needs of its stakeholders. The report is a detailed meta-analysis based on primary research, client feedback and research from academics, trade associations and FM providers. The report covers the most talked about themes in workplace design and management including wellness, work-life balance, diversity, green building and workforce engagement. The authors acknowledge the challenge firms face in striking the balance between these complex and conflicting demands and call for an ‘holistic’ approach to resolve them (which may suggest they have as much of an idea about the right answers as anybody else).

March 9, 2016

Corporate real estate strategy shifts focus from cost to people ⁰

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

A new survey of corporate executives indicates a major shift in how companies make real estate decisions today, with more than half (50 percent) saying that talent is more important than cost (31 percent) as their foremost consideration. As a result, executives view the workplace as primarily a recruitment and retention tool that offers attributes such as a flexible workplace, high quality amenities and interiors. But while the people and workplace experience dominate the corporate real estate agenda, according to CBRE’s Americas Occupier Survey – escalating costs are a major concern. Of survey respondents, 85 percent cite space efficiency and restructuring as a top strategy for reducing occupancy costs. These two issues are driving real estate conversations; with the result that workplace strategy is increasingly being viewed as both a critical employee attraction and retention strategy (57 percent), and as a means to control costs.