Search Results for: Gen Z

February 4, 2016

Maturing TMT sector fuels demand for office space in Central London ⁰

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

The Technology, Media and Telecoms (TMT) sector was the largest source of demand for office space in Central London in 2015, for the fifth consecutive year finds the latest Knight Frank London Report, Canary Wharf is set to have the strongest Central London office rental growth in 2016 with an increase of 12.8 percent. This is followed by Shoreditch at 10 percent and Midtown at 9.6 percent. Affordability is the main driver, along with the development of Crossrail, integrating Canary Wharf with the rest of Central London, and a general shortage of available offices across London pushing tenants seeking high quality affordable offices eastwards. Expansion by TMT firms is contributing to the shift, as they are increasingly seeking larger offices. Shoreditch’s increase in office rents will principally be driven by Tech sector expansion as the more mature, established heavy weight tech firms have firmly established a London rival for California’s ‘Silicon Valley’ in the area.

February 3, 2016

Government plans to cut size of estate by 75 percent by 2023 ⁰

by Mark Eltringham • Facilities management, News, Property, Public Sector, Workplace design

The UK Government has today published the latest edition of its annual State of the Estate report, which gives an update on plans to consolidate, divest and modernise the central government property portfolio. Minister for the Cabinet Office Matt Hancock claims that the current administration has reduced the size of the estate by 2.4 million sq. m. since 2010. (As is the way of these things, the minister claims this is equivalent to 336football pitches, 43 Shards or more than the entire principality of Monaco. Presumably individual departments measured their own successes in blue whales and double decker buses.) He claims that this means that the total central government estate has fallen below 5,000 holdings for the first time and could fit inside the area of West Finchley (which is a new measurement on us). The reduction has been achieved by selling property ranging from the historic Old War Office (top) to an old bakery and lighthouse.

February 3, 2016

HR managers must innovate to stay relevant in the evolving workplace ⁰

by Sara Bean • Comment, Flexible working, Workplace

As the workplace moves from the traditional 9-5 model, management needs to adapt accordingly. Facilities managers are already being forced to think outside the box, and now human resources and line managers must do the same. The latest CIPD/Workday HR Outlook leaders’ survey spells out the challenge; that new ways of working and operating is an increasing reality for organisations. Yet while there is general agreement about overall strategic priorities it seems to be less clear to the wider business world how HR professionals will contribute to achieving these. Despite nearly three-quarters (72 percent) of HR leaders saying that their current people strategy will help the organisation achieve its future priorities, just a quarter (26 percent) of other business leaders agree. The CIPD recommends that the profession must look at ways in which it can innovate itself in order to stay relevant and more visibly demonstrate its ‘enabling role’ as the workplace evolves.

February 3, 2016

Flexible working men pay a greater career premium than women ⁰

by Mark Eltringham • Flexible working, News

The growing complexities of flexible working and changing gender roles are laid bare yet again in a new report published in Australia by management consultancy Bain & Company and advocate group Chief Executive Women. The report, The Power of Flexibilty, claims that male workers pay a penalty in their careers when they opt for flexible working because they enjoy less support and are more harshly judged than their female counterparts. Many are regarded as anomalies, caught between the expectation that men spend longer hours at work on the one hand, while striving to create a more balanced life, often in a household in which a woman is increasingly likely to be the main breadwinner. The authors of the report claim that men are currently experiencing the same sort of stigmas and biases faced by women in the early days of flexible working, even though both sexes continue to face barriers when opting for flexible work.

February 2, 2016

Stress is now a fact of life for the vast majority of employees ⁰

by Mark Eltringham • Flexible working, News, Wellbeing, Workplace

Excessive stress threatens the wellbeing of employees across the UK and the rest of Europe, with 88 percent of British workers regularly experiencing stress at work, according to research by payroll software firm ADP. Nearly half (43 percent) of UK employees go further to say that stress is a constant factor in their roles and that they feel stressed ‘often’ or ‘very often’. In fact, just 12 percent of employees feel that they never experience workplace stress while 79 percent of UK workers feel that their employer is trying to help them manage stress levels. The report, The Workforce View in Europe 2015/16, surveyed 11,257 working adults across Europe, including 1,500 employees in the UK. It found that many employees now believe flexible working will help them deal with stress and achieve a better work life balance while over three-quarters (79 percent) of UK respondents feel their employer is trying to help them manage stress.

January 27, 2016

Employers embrace workplace engagement, but find it hard to measure ⁰

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

Businesses may appreciate the benefits of workplace engagement, but quantifying these remains a challenge. According to new research of European employers by Oracle, 93 percent acknowledge employee engagement is strategically important to their company and a majority say it positively impacts collaboration (65 percent), helps boost business performance (61 percent), and contributes to improved customer service (60 percent). Yet nearly two thirds (31 percent) say it’s difficult to measure the return of investment on their wider business, and 30 percent say boardroom decision-makers cannot easily understand its impact. And despite the availability of advanced analytics to measure engagement, the report also claims that current processes are not being optimised to drive engagement, as 68 per cent of businesses still rely on standard staff surveys to gauge engagement levels, with only 37 percent using more sophisticated methods.

January 27, 2016

Gap in the provision of wellbeing initiatives undermines UK workplaces ⁰

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

Although there is much consensus among employers of the importance of actively supporting health and wellbeing in the workplace, there remains an ‘implementation gap’ that is threatening individuals’ health and long-term business sustainability. This is according to a new report from the CIPD, ‘Growing the health and well-being agenda: From first steps to full potential’, which found that fewer than one in ten (8 percent) of UK organisations currently have a standalone wellbeing strategy that supports the wider organisational strategy; that the majority of employers are more reactive than proactive in their approach to wellbeing (61 percent) and nearly two-fifths of employees [38 percent] are under excessive pressure at work at least once a week. With the average cost of absence now standing at £554 per employee per year – the CIPD is recommending employers take a more proactive approach to implementing a wellbeing programme.

January 26, 2016

The road to Bali and other destinations for the world’s remote workers ⁰

by Georgi Georgiev • Comment, Flexible working, Property, Technology

The number of people who work from home or travel as freelancers has grown rapidly in the last 25 years. In 1990, as a percentage of the US population only 5 percent fit this classification, today it is closer to 30 percent. From photojournalists to graphic designers, to computer programmers – an increasing number of people are leaving the traditional office behind. The underlying reason is not difficult to establish. People are taking advantage of the opportunities offered them by technology. It’s no coincidence that the number of people working remotely has risen in parallel with the growth of home computing and internet connections, and more recently mobile technology. While the majority of those that traditionally followed this path became self employed, today companies are beginning to hire people to key positions without actually needing them to work from the office. Remote work is no longer just a freelancer’s game.

January 21, 2016

Commercial property activity in South East rose by nearly a third last year ⁰

by Sara Bean • Facilities management, News, Property

Over 3.2 million sq ft of office space was taken up in 2015 – up 28 percent from the previous year and 13 percent higher than the five year average. According to the latest figures from CBRE UK, the largest annual take-up increase occurred in the M25 South region, which improved dramatically from circa 404,000 sq ft in 2014 to circa 836,300 sq ft in 2015. Net supply remained unchanged across the South East from the end of the preceding year at around 12 million sq ft, 15 percent below the five year average. There was an increase in the proportion of Grade A supply in the market, and 34 percent of the total supply was either newly completed or under construction compared to 26 percent at the end of 2014. This was the result of take-up of Grade B space, loss of office space due to conversion to residential, and the delivery of new space.

January 20, 2016

Third of firms introduce flexible working to cut absenteeism, claims study ⁰

by Mark Eltringham • Flexible working, News, Wellbeing, Workplace

Over a third of UK employers have introduced flexible working to reduce absenteeism, claims research from insurance industry trade association Group Risk Development (GRiD). Its survey of 501 employers also found that a quarter (25 percent) have seen absence rates improve over the last 12 months, compared to 40 percent last year. One in ten have actually seen rates worsen over the same period and 54 percent of employers say their absence rates have remained the same, which the report’s authors claim suggests a general slow-down or even complacency when it comes to managing absence. The report found that 57 percent of businesses said absence cost them up to 4 percent of payroll, but employers are using a range of initiatives to address this. This includes introducing flexible working (36 percent – up by 4 percent from last year), return to-work interviews (28 percent) and disciplinary procedures (17 percent).

January 20, 2016

Regional office take up in 2015 is 20 percent above the five year average ⁰

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

The UK’s regional commercial property market has continued to improve on last year’s record levels of occupational take-up, with 9.6 million sq ft transacted in the Big Nine city centre and out-of-town markets during 2015, 20 percent above the five year average. According to Bilfinger GVA’s quarterly review of the regional office occupier markets this is the fourth consecutive annual increase in take-up and compares to an average of 6.6 million sq ft during the downturn years of 2009 to 2012. Take-up over the year was well above average in Birmingham and Manchester in both the city centre and out-of-town markets. Other markets where activity was well above average include Cardiff and Leeds city centres and the suburbs of Glasgow and Edinburgh. Fourth quarter take-up was dominated by above average activity in most city centres and a number of large deals in Edinburgh out-of-town.

January 19, 2016

Fourth industrial revolution will result in five million job losses by 2020 ⁰

by Mark Eltringham • Flexible working, News, Technology

Disruptive global employment trends, including flexible working, the rise of robots, other forms of automation and Big Data analytics will see over five million jobs disappear worldwide over the next four years, a new report claims. The World Economic Forum’s Future of Jobs report has calculated that current disruptive labour market trends, including improvements in artificial intelligence, cloud technology, the Internet of Things and flexible working arrangements, could lead to a net employment loss of more than 5.1m jobs in the 15 countries surveyed. The report estimated that new trends would result in a total loss of 7.1m jobs – two thirds of which are concentrated in the office and administrative functions – and a total gain of 2m jobs. The WEF surveyed those who it felt were best placed to observe the dynamics of workforces including heads of HR departments and CEOs in 15 developed and emerging economies.