Search Results for: business

England’s technology firms now employ more people than California’s, claims new report

by • News, Property, Technology

technology firmsAs we reported last week, London and the South East of England remain the UK’s hotspots for new business start-ups and now new research claims that the region now has more people working in the vital technology and information sector than the capital of world tech, California. The report from South Mountain Economics and Bloomberg Philanthropies shows that there are nearly three quarters of a million people working for technology firms in London, the South East and East Anglia compared to 692,000 in California and that there are more firms working in financial technology in London than either Silicon Valley or New York. The report backs up new research from Oxford Economics, commissioned by the Mayor of London to coincide with London Technology Week, which claims that over the next decade, London’s digital tech sector is expected to grow at a rate of 5.1 per cent per annum, creating an additional £12 billion of economic activity and 46,000 new jobs, which in turn is driving change in the commercial property market. More →

Demand for London commercial property pushing occupiers into earlier relocations

by • Facilities management, News, Property

London commercial propertyThe revival of London’s financial, professional and business sectors, along with sustained demand from the TMT (Technology, Media and Telecoms) market is resulting in increasing demand for commercial property across Central London. This along, with a restricted supply of existing stock, due to conversion of office to residential usage is prompting many occupiers into making relocation decisions well in advance of a lease break or expiry. Cluttons’ London Property outlook for the second quarter of this year shows that rental costs are increasing in response to sustained demand, with a west to east migration by occupiers in evidence. Many tenants are also relocating from London’s West End to the Southbank area; while further out, ‘fringe’ areas such as Stratford are drawing tenants. More →

Employers may need to take a disciplined approach to the World Cup

by • Comment, Flexible working, Workplace

Employers taking a discipline approach to the World CupWith the World Cup now underway, many football fans will be gripped with football fever over the next month, but employers could face HR headaches as a result. Given the time difference in Brazil, games at this year’s World Cup will take place during the late afternoon and evenings in the UK. England’s opening game against Italy at 11pm this Saturday night is unlikely to cause most employers much disruption, but the next England game against Costa Rica which kicks off at 5pm on Tuesday 24 June could result in employees wanting to leave before the end of their working day. Late kick off times also have the potential to result in employees being absent the following day as they recover from the excesses of the night before. On most match days the final whistle of the last game of the day will not be blown until around 1am UK time. More →

Government plans encourage employers to appreciate older workers

by • Flexible working, News, Workplace

Government plans encourage employers to appreciate older workersEmployers must recognise the potential of older workers and help them stay in the workplace. This is the message the Government will stress today at the launch of its new action plan. The new measures set out in Fuller Working Lives – A Framework For Action published today include; the appointment of a new Older Workers’ Employment Champion who will advocate the case for older workers within the business community and wider society; an extension of the right to request flexible working to all employees from the end of this month and the launch of a new Health and Work Service which the Government says will give workers with long-term health problems the support they need to stay in or return to work. Part of the Government’s aim is also to challenge outdated misconceptions and encourage more employers to consider the benefits of older workers.

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Big data not trusted by executives if it conflicts with their beliefs and instincts

by • Facilities management, News, Technology

Big dataThere were a number of themes that ran through the Workplace Strategy Summit that took place in Reading this week. One of the most talked about was Big Data and its influence on decision making. The consensus appeared to be that data should not be the sole determinant of decision making, even though it can give people the reassurance they are doing the right thing, and even a scapegoat when things don’t go as the data might suggest. So in some ways it’s reassuring to hear that executives around the world are more than happy to ignore data when it goes against their instincts and beliefs. A study from the Economist Intelligence Unit which examined the approach business leaders take to decision making, found a clear pattern in the way executives use and perceive data and analytics, especially the fact that they do not trust it if it counters their own insights and the majority will reanalyse information that conflicts with them.

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Integration of workplace services continues to gain momentum, claims report

by • Facilities management, News, Property, Workplace

Integration of workplace services is gaining momentumHR, FM and IT within large corporate organisations are gradually being brought together to provide ‘Workplace services’ that recognise new working practices and the importance of people. This trend – which has already seen an agreement between the BIFM and CIPD to collaborate in the future, will accelerate in the increasingly agile, digitally driven business environment.  This presents an opportunity for FM to provide new service solutions that focus more on supporting people, and less on the buildings from which they work. This is according to a new report, Delivering the Vision of an Integrated Workplace, was commissioned by Mitie, which will be unveiled at the Facilities Show next week. The report highlights the opportunities for FM providers to offer an expanded range of consultancy-style services, such as space management and the analysis of FM and property data to drive property strategy.

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Challenge for employers to find right talent as candidate availability falls

by • Flexible working, News, Workplace

Challenge for employers to find right talent as candidate availability dropsThere’s been a record employment rise over the last three months, with nearly 5,500 more people in work every working day and the number of private sector workers up by more than 2 million since 2010, according to official figures published today. The latest Labour Force Survey tallies with the recently published Recruitment and Employment Confederation (REC) and KPMG Report on Jobs, which revealed the steepest drop in permanent staff availability for 16½ years; fuelling concerns that employers are finding it increasingly difficult to find the talent and skills they need. The report on jobs also suggests that employees want more from their workplace than better pay and better benefits; as though starting salaries continue to rise, job seekers are sending out a very clear message that remuneration is not the only reward they are after. More →

Workplace features heavily in latest round of Government cuts and cost reductions

by • Facilities management, News, Property

WhitehallThe workplace features heavily in the latest round of cost savings announced by the UK Government. Of the £14.3 billion of cost reductions, £5.4 billion has been cut in the procurement of goods and services, with the Cabinet Office drawing particular attention to the use of consultants (which is probably the bulk of it), and the use of printer cartridges and paper (which isn’t). In addition, around £600 million was saved with the divestment of unused buildings and an increase in the number of departments sharing offices. The savings are driven by the Efficiency and Reform Group (ERG) which was set up by the Treasury and the Cabinet Office in the wake of the 2010 general election, and works with departments to make savings and address what it considers wasteful spending. This year’s savings follow £10 billion saved for 2012 to 2013, £5.5 billion in 2011 to 2012 and £3.75 billion in 2010 to 2011.

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Employers not living up to their commitments to support disabled staff

by • Facilities management, News, Workplace

Employers failing to meet commitment to support disabled staffMany of the employers that boast the Government’s two ticks symbol for equality for disabled workers have been found to be no better than companies who have not achieved it. Research led by Kim Hoque, of Warwick Business School, and Nick Bacon, of Cass Business School, found that just 15 per cent of organisations awarded the two ticks symbol adhered to all five of its commitments, with 18 per cent of those signed up not fulfilling any of them, with most – 38 per cent – only keeping one of the promises. The researchers say the ‘two ticks positive about disability’ symbol, which is awarded by the Department for Work and Pensions’ Jobcentre Plus to help job applicants identify organisations committed to helping disabled workers, is nothing more than an “empty shell” used by companies as PR and “impression management” rather than a true commitment to equal rights for disability workers. More →

Flexible working law change will see a quarter of UK staff make requests

by • Flexible working, Legal news, Workplace

Time business concept.Just over a quarter (26 percent) of British employees will ask their employers for flexible working arrangements when the latest changes to legislation come into effect on 30 June 2014, according to a survey by YouGov and Croner. The survey of 2,328 employees also found that over two-thirds (69 percent) of workers have never applied for flexible working, with nearly a quarter of these believing the request would be denied anyway. The research also found that those employees who already enjoy flexible working arrangements identify a range of benefits. 63 percent think that flexi-work creates a better work-life balance, 42 percent believe it boosts staff morale, 28 percent think it reduces sickness and absence, 27 percent claim that it increases productivity.

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Physiotherapists warn that poor work habits are damaging staff health

by • Facilities management, Flexible working, News, Workplace

Physios warning of poor working habitsPhysiotherapists are warning employers that bad working habits are damaging workers’ health. A survey by the Chartered Society of Physiotherapy (CSP) found that one in five people (21%) worked through their lunch every day. Of those who do manage to take a break, 48 per cent said they ate at their desk. Only 19 per cent leave their workplace to go outside for a break, and only three per cent go to the gym, meaning most miss out on any kind of physical activity during the day. Investment in staff health and wellbeing makes good business sense for employers says the CSP, which is calling on them to find ways to support staff to be more physically active during the working day in order to reduce their risk of developing musculoskeletal problems like back and neck pain and more serious illnesses such as cancer, heart disease and stroke. More →

Queen’s Speech was light on employment legislation, but don’t forget flexible work changes

by • Comment, Legal news, Workplace

Queen's Speech light on legislation, with flexible working biggest change aheadThis year’s Queen’s Speech was the last before the 2015 general election and included a relatively light legislative programme of just 11 new bills. Some of the key employment changes being proposed include changes to childcare, the national minimum wage, and zero-hours contracts. But in fact a key development which was not included in the Queen’s Speech, and yet could have the most pronounced effect on employers is the extension of the right to request flexible working. From 30 June 2014, employees with at least 26 weeks’ continuous employment will be able to make a request for flexible working for any reason under the new statutory scheme. The procedure to be followed will be far less prescriptive than that currently in force and will place more onuson the employer to consider the request and any alternatives to the proposed request. More →

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