Search Results for: financial services

June 3, 2015

IT firms hold TechNorth digital hub in higher regard than TechCity

by Mark Eltringham • Cities, News, Technology

TechNorth, the Manchester based technology hothouse devised as a regional counterbalance to London, is held in higher regard than the capital’s flagship TechCity development, according to research from recruitment firm Robert Half. The study of IT decision makers across the UK claims that the vast majority would prioritise working with Northern firms over their London counterparts, with 87 percent either ‘highly likely’ or ‘somewhat likely’ to place work with IT businesses in the TechNorth hub rather than those in TechCity London given the choice. The figure is 100 percent for IT leaders based in the North and to 95 percent for those in Scotland. More surprisingly, 80 percent of those based London and the South East said they would prioritise TechNorth, as did 75 percent in the South West and Wales.

May 24, 2015

More intensive space use is helping to drive down office costs worldwide

by Mark Eltringham • News, Property, Workplace design

Office costs are falling worldwide, in part because occupiers are using space more intensively, according to the latest Office Thermometer report from commercial property firm DTZ. The report found that the West End of London has comfortably retained its position as the world’s most expensive location. The average annual cost of a workstation in the area is $29,000 (about £19,000), fully a third higher than second placed New York. The report found that office costs continue to fall significantly in most regions, nearly 4 percent overall on average, although there were increases in fast growing local markets, especially in the Middle East. According to the study, more intensive use of office space by occupiers, an appreciating US dollar, weak economic growth in Europe and significant new supply in emerging markets have combined to cut costs worldwide.

May 19, 2015

Broadband faults are more annoying than car breakdowns, claims study

by Mark Eltringham • News, Technology

Following last week’s report that people would rather lose an unspecified finger than their broadband connection, a new report from comparison site Cable.co.uk claims that people generallly believe that losing their broadband connection for any period of time is more annoying than their car breaking down. Based on a survey of 2,500 UK residents, users also voted broadband disruption more annoying than receiving bad customer service, their boiler failing, waiting in for a delivery that doesn’t turn up and transport delays. Broadband drop-outs were given an average score of 9 out of 10, with 10 being extremely annoying. Half of users rated it 10 out of 10. The report’s authors conclude that this is likely to be because of feelings of a lack of control and an inability to communicate, something we now take for granted.

May 11, 2015

Does declining productivity spell the end for IT and property directors?

by John Blackwell • Comment, Facilities management, Property, Technology, Work&Place

When it comes to increasing organisational output, which in turn directly relates to real wage growth and higher living standards, the only determinant is productivity, measured in terms of output per hour worked. This is at the heart of all businesses and is essential for growth. The basic facts on productivity are clear. For over a decade, productivity has been painfully weak across all the major economies. The UK has performed particularly badly, with productivity having declined by 3.7 percent since 2008. A recent OECD report went as far as saying: “weak labour productivity since 2004 has been holding back real wages and well-being. The sustainability of economic expansion and further progress in living standards rest on boosting productivity growth, which is a key challenge for the coming years”.

March 30, 2015

Driverless cars will transform the UK economy by 2030, claims report

by Mark Eltringham • Flexible working, News, Technology, Workplace design

A new study from the Society of Motor Manufacturers and Traders (SMMT) and KPMG claims that the development of connected and autonomous vehicles will help generate 320,000 jobs in the UK and deliver huge benefits to society and the economy. The first ever comprehensive analysis of the opportunities provided by the new technology claims that by 2030 driverless cars will deliver a £51 billion boost to the UK economy, reduce congestion and carbon emissions and cut serious road traffic accidents by more than 25,000. By that time all new cars will incorporate some form of connectivity, according to the report’s authors. It also predicts that the UK will be a global leader in the production of this next generation of vehicles, with the support of Government including financial backing. The study was presented at last week’s SMMT conference in London.

March 12, 2015

Firms not offering staff the technology they need, claims report

by Mark Eltringham • Flexible working, News, Technology

More than half (55 percent) of UK employees believe they do not have access to all the technology needed to do their jobs, according to research by Fujitsu. The study, Digital Inside Out, was based in a survey of just over 1,400 UK based employees and claims to reveal a significant disconnect between the needs of a digital-savvy working population and the digital services UK employers are currently providing. According to the report, 73 percent of UK employees believe that digital is vital to the future success of their organisation. However despite this, only 45 percent of employees feel they are provided with access to the technology services and applications they need to do their job sufficiently and 29 percent state that their ability to do their job is being hindered due to poor digital services. The report argues that the mismatch can be very costly for organisations.

March 2, 2015

Lack of sleep of over a third of workers could be costly to the US economy

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

Forty-two percent of U.S. adults are getting less than seven hours of sleep on a typical night, the minimum number of hours recommended by the National Sleep Foundation for those aged 18 and older. Gallup research reveals not getting enough sleep is not only linked to lower well-being for individuals, but it is also costly to the U.S. economy. Employees may not have enough time to sleep because of working long hours, family obligations, insomnia or having poor well-being in other areas. For example, poor physical well-being, social isolation or financial strain could adversely affect quantity of sleep. According to Gallup, employers should explore interventions to promote the value of sleep and its link to employees’ well-being, as this relates to engagement, healthcare costs and productivity. When possible, they may want to allow employees to work flexible hours, which could make it easier for workers to balance work and family demands with getting enough sleep.

February 17, 2015

Employment confidence is increasing, but so is the pay divide finds CIPD

by Sara Bean • News, Public Sector, Workplace

The UK workforce is seeing an increasing pay divide between employers that can now afford to increase wages by 2 percent or more and those that are stuck in a pay freeze. According to the latest Labour Market Outlook from the CIPD, almost half of the UK workforce saw either a pay freeze or a pay cut (3% pay cut, 39% pay freeze) in the twelve months to December 2014. In contrast, a similar proportion (40%) have received a pay increase of 2 percent or more and less than a fifth (18%) fall in the middle ground of people who have received a pay increase in the 0.1-1.99 percent corridor. As well as identifying a growing pay divide, the report finds employment confidence is set to remain strong over the next three months with around two thirds of employers (65%) planning to recruit new employees.

January 16, 2015

‘Squeezed generation’ of middle-aged workers take most sick days

by Sara Bean • News, Wellbeing, Workplace

Employers’ concerns regarding the ageing workforce are usually based on the belief older workers will tend to struggle more with health problems. However, new data from AXA PPP healthcare reveals it’s the middle band of workers (30-49) that take more sick days than any other age group; averaging 2.3 sick days in the past six months; with a quarter of these workers taking three or four days off sick. Twelve per cent of this middle age group have taken the equivalent of a working week off sick (5 or 6 days) in the past six months, double the number of 18-29 year olds (6%) and just 5 per cent of those 50-69. This ‘squeezed generation,’ faced with the pressures of balancing work and home, takes least positive steps to help ensure good health; has a fairly negative outlook regarding their jobs and is more stressed than other age group.

January 12, 2015

Aging workforce driving uptake of flexible working in UK firms

by Mark Eltringham • Flexible working, News, Workplace

A growing number of employers see flexible working arrangements as an important tool for meeting the needs of their aging workforce, according to a new report from insurance industry trade association Group Risk Development (GRiD). The report highlights how changing attitudes, demographics, longer life expectancy and the abolition of the UK’s Default Retirement Age three years ago have encouraged employers to look at how to foster the wellbeing and meet the needs of older employees. Over a quarter (27 percent) of the 500 UK businesses who took part in the study had introduced flexible working specifically to meet the needs of their ageing workforce and many (22 percent) of employers said dealing with an ageing workforce was among their top three wellbeing issues.

December 9, 2014

Government must beef up the way it manages outsourced contracts

by Gary Watkins • Briefing, Comment, Facilities management, Public Sector

Any poorly-performing facilities management contract can result in financial and reputational loss, but where a government contract has been mismanaged, and there is a thirst for information on how the public purse has been spent, the repercussions can be major and the casualties high. The UK Government is the biggest spender on FM services, with £40 billion of outsourced contracts each year. However, in a recent report from the Public Accounts Committee and National Audit Office, contract management came in for stinging criticism. Evidence of overbilling, capacity issues, and poor governance and recordkeeping led to a very clear message that the Government must beef up its contract management. Procurement and contract management have been viewed traditionally as low-status in the civil service and, as a result, have been at the mercy of administration cuts and lack of investment.

December 3, 2014

Focus on the wellbeing of the occupants of the office, not that of the building

by Maciej Markowski • Comment, Facilities management, Wellbeing, Workplace

If you ask a typical corporation about their real estate strategy you will most probably hear a lot about rationalisation, minimising cost and synergy. Real estate strategy should include all these but a cost-cutting approach can be very short-sighted. Staff costs usually account to about 90 per cent of the business operating cost, while any improvement in staff’s productivity will have a stronger and more positive outcome than any cost saving on a building. The recently released World Green Building Council (WGBC) report Health, Wellbeing & Productivity in Offices developed with the support of JLL, Lend Lease and Skanska, clearly shows that the design of an office has a strong impact on the health, wellbeing and productivity of its occupants. It describes the impact of acoustics, interior layout, look & feel, amenities, air quality, thermal comfort, location, daylight and user control on occupants. But it doesn’t stop there.