Search Results for: finance

Employment rates set to grow but applicants must battle for jobs

Employment rates set to growth but applicants must battle for jobs

Employment growth is set to continue in the second quarter of this year, but the jobs market remains a ‘battleground’, particularly for low-skilled workers. According to the Spring 2013 Chartered Institute of Personnel and Development (CIPD)/Success Factors Labour Market Outlook (LMO), the net employment balance – which measures the difference between the proportion of employers who expect to increase staffing levels and those who intend to reduce staffing levels, has increased to +9 from +5 for the previous quarter, the fifth consecutive quarter of projected growth. However, the median number of applicants employers receive for medium-skilled roles is 29, highly-skilled vacancies typically receive 10 applicants and pay rates continue to be squeezed.

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New survey reveals risks of cutting costs in corporate real estate

JLL ReportA new report from Jones Lang LaSalle claims to highlight how those firms who see their property as a driver of added value rather than a cost reap rewards in the form of higher revenue, employee performance and shareholder returns. In contrast, those firms who view their facilities as a cost and seek to reduce those costs for short term gain are, in fact, storing up long term problems and risks. JLL’s report – Global Corporate Real Estate Trends – claims to reveal the top five corporate real estate risks, including negative impacts on competitive advantage and profitability from cost cutting, procurement processes, lack of collaboration between functions and failure to drive productivity.

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Majority of employers support flexible working but perception problems persist

flexible work

As we reported last week, the Millennial generation of workers born in the 80s and 90s would describe work as a “thing rather than a place”, and want more flexibility in where and how they work. While the Yahoo home working ban debate uncovered a lot of exasperation and suspicion towards this trend, it’s interesting to see two separate studies, from the UK and the U.S. that show a far less combative attitude. But, as the U.S study discovered, while a majority of employees enjoyed real productivity benefits from home working, nearly half would still go into the office because it is what is expected of them and a small percentage still go because it gets them out of the house. More →

Fully mobile workplace for Cisco’s new Singapore regional HQ

Cisco Singapore HQ offers fully flexible working

IT giant Cisco has opened a new regional headquarters in Singapore that features utilisation-based space allocation that for the first time allows all of its staff to work just about anywhere in the building, using whichever kind of mobile device they prefer. The move reflects the findings of Cisco’s recent report which revealed that growing numbers of workers prefer to use an iPad or iPhone rather than a PC. The new offices, located at UE Biz Hub, within the Changi Business Park in Singapore, brings together 1,000 employees from Cisco’s previous four offices around the island and has reduced around 40 per cent of the required workspace.

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Report highlights changing occupier demands in City of London property

City of London coat of arms by GuildhallA new report from DTZ has outlined the ways in which the City of London property market is changing in response to occupier demand. As has been revealed in previous recent surveys, one of the most significant factors is a shift in focus away from the City’s traditional financial services heartland towards the technology, media and telecoms (TMT) sector.  Other structural changes include greater demand for different types of facilities from law firms as the legal sector adjusts to developments in its own market. The broader base of tenants and the expected economic upturn will mean a gradual improvement in demand although the report concedes that even by 2017, the market will not have returned to its peak.

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Public sector property initiatives have proved successful but work still needed

Gorilla-in-a-hat1There was a time, not so long ago, when nobody worried too much about the shape of the rooms that led off the corridors of power. But the pressure on UK finances has politicised the design of the UK’s public buildings. The latest example of this was the recent  announcement  in Parliament of a report that, amongst other things, called for a new approach in the way facilities are designed to deliver better services in a more cost effective way. The report Restarting Britain 2: Design and Public Services was the result of an eight-month investigation led by the Design Commission along with politicians, designers and civil servants.

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Office furniture leases are actually readily available

leaseThe article from John Sacks from 25th March bemoaned the fact that leasing is essentially useless for furniture projects on the basis that no banks are interested in funding such assets. I am delighted to inform John, and more importantly, the broader readership of Office Insight that this assertion couldn’t be further from the truth. The reality is that finance for both pure furniture, and indeed broader fit out projects, is readily available. For some, the significant tax benefits (leasing is 100% tax deductible) are critical, whilst others recognise the importance of retaining capital and making sure cash is deployed effectively, not locked away in furniture, is key.

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We shape the world’s cities, then they shape us

UrbanisationThe story of the world’s cities is often told not in words but in numbers. This is especially the case with the megacities – those with a  population in excess of 10 million – which obtain enough critical mass not only to produce eye boggling statistics but also to distort the fabric of whole regions and change the way people live and behave. This is true for the established megacities of London, New York and Tokyo as well as the emerging global metropolises in Sao Paolo, Beijing, Mumbai, Shanghai, Cairo and Istanbul. It is also increasingly true for cities many people have never heard of.

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London calling for Green Sky Thinking events

GST13-ButtonIf you’re looking for some practical guidance on sustainability check out a free London-wide event, Green Sky Thinking, a week-long series of free sustainability-focused events showcasing innovative and practical solutions to greening London’s built environment, which runs across London from 15-19 April. Ranging from onsite project talks, round-table discussions, pecha kuchas and seminars, it offers attendees the inside view from top experts, industry leaders and collaborative teams to understand innovations and what works in practice. Victoria Thornton, Founding Director of Open City, said: “The value of Green Sky Thinking Week is offering the solution of ‘how’ to make London’s built environment  sustainable.” More →

Why office furniture leasing is not necessarily a great option

leaseIt seems like a perfect idea. The business needs new desks, chairs and cupboards and that refurbishment is long overdue. Or perhaps it’s time to move and the old furniture won’t make it in one piece. The furniture supplier wants to make the sale. Business has been slow and it’s the end of the month and sales targets need to be met. The company is making profits and the order book is pretty full, but cash is tight and the Finance Director begrudges every penny spent. So why not arrange for the furniture to be leased? It’s a question people in the office furniture supply business have now been asking for a number of years.

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Two thirds of workers sit at desk over six hours a day

Sitting_at_DeskTwo-thirds of office workers sit at their desk for over six hours a day – putting themselves at risk of back complaints. A survey by Office Angels found that 63 per cent of workers spend six hours or more sitting at their desk, over half (51 per cent) slouch in their chair and nearly half (48 per cent) admit to not leaving the office all day. A fifth (21 per cent) of people also admitted to taking their work home with them and a third (32 per cent) work late on a regular basis. The study ‘Work happy, Work well”, which looks at the nation’s wellbeing and bad habits in the workplace reveals that sales, media and marketing (60 per cent) and finance (54 per cent) are the sectors with the highest number of desk bound workers.

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Tallest tower to be built in Pakistan, claim developers

Burj Khalifa - there to be shot at

Burj Khalifa – there to be shot at

Just as we were getting used to the idea of the Kingdom Tower in Jeddah relieving the Burj Khalifa of its short-lived crown as the World’s tallest building, news emerges that Abu Dhabi Group is planning to top them both as part of an investment of some $45 billion in several Pakistani cities. The proposed projects include ghastly sounding replicas of the Seven Wonders of the World along with a huge tower in the city of Karachi. Whether all of the mooted projects see the light of day is one to debate given the parlous state of the World’s finances.    More →

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