Search Results for: business

June 9, 2016

Commercial real estate investment strong despite Brexit-related slowdown ⁰

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

Partly due to the uncertainty leading up to the EU referendum, employment intentions within Financial and Business Services (FBS) have slowed, but rental growth within the commercial property sector should remain healthy, particularly if the ‘remain’ vote prevails, the latest Real Estate investment forecasts from Colliers has revealed. Offices will continue to drive rental growth across the commercial property sector and it’s expected that rents will rise by 6.8 percent this year and average 3.9 percent in 2016-2020. Although it’s slowed a little, Central London will continue to attract demand and push the overall rate up, with a still strong growth of 8.4 percent in 2016. In addition, the artificial barriers between individual London ‘villages’ are increasingly breaking down, creating a fluid market for office occupiers in the capital, with more options for geographical relocations and expansions. This will continue to benefit the Rest of London, which is expected to see rents increase by 8.1 percent this year.

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 7, 2016

Office best place for productivity, subject to wellness, tech and design ⁰

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

An increasing number of employees may be opting for telecommuting and on-demand workspaces, but 66 percent of American employees consider the office as the most productive place to get work done. Thirty-six percent say it’s the most inspiring place to work as well, more than any other location. But as workers spend more time in the office, the onus falls on employers to keep their employees healthy, productive and inspired. According to The Staples Business Advantage Workplace Index, 70 percent of US office workers and managers report working more than 40 hours a week, many of whom say they’re working longer hours simply to catch up on work they couldn’t tackle during an eight hour day. And that workload is taking a toll, with 64 percent of respondents saying their workplace has contributed to stress, nearly half feeling so overworked they’re motivated to look for another job and 13 percent having taken a workplace stress-related leave of absence.

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.

June 6, 2016

Only a third of employers have policies to support working carers ⁰

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

As baby boomers and Gen X age, more of the working population are responsible for the care of elderly relatives, with some being part of the ‘sandwich generation’, balancing work while caring for older family members and their own children. Yet according to a new survey published today by CIPD/Westfield Health just a third of employers (34 percent) have a formal, written policy or an informal, verbal policy in place to support working carers in their workplace . The report also finds that just 13 percent of organisations offer line manager training to support working carers, which is concerning given the key role line managers play in providing flexibility and support to people with caring responsibilities. With estimates suggesting that 3 in 5 people will end up caring for someone at some point in their lives, employers are being urged to put mechanisms in place to empower and support working carers, before they lose out on key talent; while those employers that do support working carers believe it’s made a positive difference to their culture.

June 6, 2016

How performance data can help enhance your employment metrics ⁰

by Andrea Hak • Comment, News, Technology, Workplace

The rise of data based applications has brought about a new era for the HR department. Processes developed in the 70s are now going through a transformation, with tools for gathering more accurate reports based on people analytics. But what exactly can you do with this information? The main objectives of every organisation, is to boost engagement, lower turnover, provide effective training & development and attract great talent. Aside from turnover, these objectives are difficult to measure. How do you measure engagement or the effect of a training programme? This is especially difficult when your company only tracks performance annually. Data based on continuous feedback is providing new answers. There are four ways it can help: by measuring and tracking engagement; give you better insights into the causes of turnover; helping you develop a feedback culture and enabling your organisation to create better hiring and recruitment strategies. We take a closer look at these below. More →

June 3, 2016

Uncertainty about the consequences of Brexit in construction sector ⁰

by Mark Eltringham • Environment, News, Property

Uncertainty about the consequences of a possible UK vote to leave the EU is having an adverse effect on the country’s construction pipeline, according to the Markit/CPS survey of activity in the market. According to the study, new building orders declined during May for the first time in three years although at 51.2, the index remains above the neutral 50 threshold which indicates that the trend remains positive. The May study specifically asked respondents how their work had been affected by the Brexit vote with one third saying it had had a negative effect. Meanwhile, an April study from CBRE found that demand for office space in London had remained robust through the first quarter despite fears that uncertainty about the market and the wider economy related to the referendum would dampen demand. Meanwhile, a new survey from the IEMA claims that two-thirds of members believe environmental issues will be given lower priority if the UK leaves the EU.

June 3, 2016

Commercial real estate failing to meet sustainability standards ⁰

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

There is an urgent need for more action and greater leadership in tackling sustainability requirements in commercial real estate. Just a handful of large companies are meeting sustainability challenges, according to Bilfinger GVA’s sixth Green to Gold survey on the risks of rising sustainability pressures and market demands, with the progress being made not as strong as expected. Although 84 percent of respondents acknowledged that they have a sustainability strategy in place, there are still huge gaps that need to be filled in order to meet appropriate standards. Only 50 percent admitted to assessing operational energy efficiency, whilst 63 percent are not assigning specific figures for the costs or benefits of sustainability issues in investment appraisal calculations. Added to this, 43 percent are yet to assess their portfolio’s risk profile with regards to Minimum Energy Efficiency Standards. This means the industry now finds itself with more to achieve in significantly less time.

June 3, 2016

UK’s productivity crisis is not helped by lack of work-based training ⁰

by Sara Bean • Comment, News, Technology, Workplace

Despite the well-publicised productivity crisis in the UK, over a million of the country’s employees are spending more time on tea breaks than on any form of work-based training. Research from the Association of Accounting Technicians (AAT) has found almost a third (30 percent) of staff have never had any form of work-related finance training. Given this situation, nearly four in ten (38 percent) employees admit they search online to find out how to do their jobs better, in their own time. The survey of 2,000 workers, half who are employees and half of whom are managers working in finance/accountancy-related roles, also found discrepancies between attitudes towards training at work. A fifth of managers admit they think training their staff will only help them develop their own careers, not benefit their current role and a quarter (27 percent) believe training is good in principle, but disruptive in practice.

June 2, 2016

People are happy at work but yearn for better tech and a second job ⁰

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

The recent riots across France sparked by mooted reforms to labour laws have been attributed to French workers objecting to the creation of working cultures akin to those in the UK and US. In which case, it would be interesting to see how our Gallic cousins might respond to the findings of a new report from Adobe which suggests that workers in both the UK and US as well as India see technology as the key perk they look for at work and many are perfectly happy to work more than one job and don’t expect long term commitments to (and from) their employers, although many of them also feel defined by what they do for a living and are happy at work. According to The Work in Progress report, a quarter of UK workers already moonlight and over two thirds believe that better technology would be the single most important way of improving their working lives. The same attitudes are also prevalent in responses from workers in both the US and India.

June 2, 2016

European Championships 2016: advice and guidance issued for employers ⁰

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

Not that I care*, but the UEFA European Championships will apparently take place in France from Friday 10th June 2016 until Sunday 10th July 2016, with the kick off times varying between 2pm and 8pm. The main issues which will affect both employee and employers will be around; requests for annual leave; sickness absence and internet and social media use during working hours. Aside from the irritation felt by those of us who don’t follow the beautiful game, it’s probably best to adhere to advice from workplace experts such as Acas and Sodexo, that flexibility from both employers and employees throughout the championships will ensure a productive business and engaged workforce. Acas counsels that before the start of the tournament or any major sporting event it would be best to have agreements in place regarding such issues as time off, sickness absence or even watching TV during these events.

June 1, 2016

Coworking continuing to drive workplace change around the world ⁰

by Mark Eltringham • Knowledge, News, Property, Workplace design

Coworking continues to be one of the main drivers of workplace change globally and is now becoming mainstream, according to new research from serviced office provider The Instant Group. According to the firm’s Flexible Workspace Review – US 2016 report, coworking grew more than 10 percent across the US over the last year and ‘combination centres’ which offer both executive suites and coworking spaces expanded by 12.9 percent as existing operators sought to take advantage of the growing demand for collaborative and agile workspace. The study claims that the occupation of flexible workspace by corporations has significantly expanded the US flexible office market over the past year, largely driven by the rise of the contingent workforce and changing workplace demands of Millennials. The total market grew by 4.3 percent and now includes 3,596 centres, the largest markets of its kind in the world with the UK following at 3,290 centres.