Search Results for: finance

Five sectors, one challenge: The importance of high staff morale

by • Comment, Workplace

Five sectors, one challenge: The impact of high staff moraleEver since the 2008 recession, the economy has been in flux, affecting both small businesses and corporate giants. Yet, despite the uncertain economic climate, many start-up business ventures have not been phased by the challenges it brings. We recently conducted a survey to find out what the biggest challenges small businesses expected to face over the coming year. The survey revealed some interesting results, and led to the creation of five whitepapers suggesting some possible solutions as to how they might consider investing both their time and money to overcome these challenges. Across the five industries taking part in our survey (Health and Fitness, Finance, Technology, Retail and Travel), one of the most prominent challenges faced by SMEs was regarding staffing. Ultimately, each staffing issue related back to keeping employee morale high and, therefore, boosting productivity. More →

Government extends public estate scheme as DCLG moves in with Home Office

by • Facilities management, News, Property, Public Sector

public estateThe UK government has announced that it is to extend its groundbreaking One Public Estate scheme to a further twenty local authorities. The programme aims to divest and consolidate government-owned land and property to cut public sector spending and boost economic growth and regeneration. The government believes the initial phase will save £21m in running costs and £88m in capital receipts, generate around £40m for local economies and create an estimated 5,500 jobs and 7,500 homes over the next five years. The Cabinet Office is now looking to build on this with the extension of the schemes to councils including Liverpool and Birmingham city centres as well as six from Greater Manchester and Cornwall, Southampton and Plymouth. The Government Property Unit will provide funding and training to the participating authorities.

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The collaboration between BIFM and CIPD unites the workplace tribes

by • Comment, Facilities management, Workplace

workplace tribesThe world of work and the workplace is always changing. We know it. You know it. In fact, there are a whole host of people that know it, but depending on what side of the professional fence you sit on, you might approach it in different ways, looking through a different lens or with a specific focus. Or are you already bridging the professional gap? Workplace change and the numerous ramifications of it are well documented. In a world that is changing, at frightening pace, it is strange to think that many of the ways in which we work are so entrenched in 20th century thinking. We need to break away from this and outline what the future is going to look like and how we should adapt. Or do we already have the answers? This ground is well trodden. However, it could be time to reassess our thinking and the way we approach this challenge, ensuring it becomes the norm for organisations around the world.

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More construction developments required to solve office supply shortage

by • News, Property

Construction Index warns of short supply of commercial office spaceThe development of new workplaces, shopping centres and industrial facilities is playing an increasingly important role in the UK’s economic recovery, according to the inaugural Commercial Construction Index by JLL and Glenigan. But the report raises concerns that the development of commercial space is still lagging behind the UK’s booming economy. Although the quarterly index reveals that work began on £22.7bn of commercial projects over the 12 months to June 2014, an increase of 6.6 per cent on the previous 12 months, Jon Neale, Head of JLL’s UK Research team warns that: “despite these positive trends, the volume of commercial space being started has not risen substantially since the recession and is still significantly behind the position before the crisis. There is evidence of an increasing supply shortage, particularly in the office market, and the amount of development needs to accelerate if this is not to hamper longer term recovery.” More →

BBC announces further moves out of London to reduce cost of property estate

by • Company news, Facilities management, Workplace

BBC announces more moves out of London to MediaCity

MediaCityUK in Salford

The BBC has announced plans to move more of its BBC teams out of Media Village, London W12, to bases in Salford, Birmingham, Caversham and other buildings in London. It’s part of the corporation’s strategy to reduce the size and cost of its property estate, invest more of the Licence Fee in programmes, and build its presence outside the capital. Around 120 Future Media roles and 102 Technology roles will move to Salford during 2015, joining around 3,000 colleagues already based at MediaCityUK. Anne Bulford, Managing Director Finance and Operations, said: “We are well advanced with reducing the amount of space the BBC occupies in London W12. Spending less on these buildings will enable us to invest more of the Licence Fee in programmes, as well as continuing to build up our presence out of London, ultimately bringing us closer to audiences. BBC Worldwide is due to leave the Media Centre early in 2015, so we are developing proposals on how to accommodate the remaining occupants and free up this building to release savings.” More →

Green building design ‘goes mainstream’ in major US cities

Green building design ‘goes mainstream’ in major US cities

by • Architecture, Environment, News, Property, Workplace design

Green building design

Minneapolis – the home of US green building design

It’s not just Europe that is experiencing an explosion of interest in green building design. According to a new report from CBRE and Maastricht University, the past ten years have seen a transformation in the way the US corporate real estate market approaches the environmental performance of buildings. According to the National Green Building Adoption Index for 2014, produced by CBRE there has been a remarkable increase in the  application of green building standards in the thirty most important regional commercial property markets in the US. Based on data from the US Green Building Council,  the number of office buildings which are LEED* or Energy Star** certified has surged since 2005. The proportion of LEED certified buildings in America now stands at 5 percent, up from under 0.5 percent over the course of the survey period. The total proportion  of office space which now has some form of green accreditation is just under a fifth.

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Flexible work could dissuade the one in three workers that pull a sickie

by • Flexible working, News, Workplace

One in three British workers admit to having pulled a ‘sickie’ – according to new research by PwC – and it’s costing UK business £9bn a year. As part of the research PwC surveyed over 2,000 UK adults and found that the most popular reasons for why people pulled a ‘sickie’ are hangovers (32%), to watch a sporting event (8%), being bored with your job (26%), interviews (26%) and Mondays (11%). One in 10 people said they have lied to take time off work due to good weather. A flexible working approach by employers is the measure that would most likely put people off from pulling a ‘sickie’, followed by initiatives such as ‘duvet mornings’ (where employees are allowed to take a couple of last minute lie ins a year). One in ten employees said that having to report the reason for their absence over the phone to their manager would put them off lying.Illness is by far the most common excuse used, but the research has revealed that some employees go to very creative lengths to cover up why they are taking off unauthorised time from work, including I was attacked by ants, my dog has eaten my keys, I got a rash from eating too many strawberries, and a male employee who told his boss that he had started the menopause.

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New BBC Wales headquarters will be less expensive to run

by • Architecture, Company news, Facilities management, Property

Ageing facilities prompts BBC to move Wales headquartersThe BBC is to move its main headquarters in Wales to a new, purpose-built broadcast centre in Cardiff city centre by 2018. BBC Cymru Wales, currently based in Llandaff in north west Cardiff, says it plans to relocate to a new 150,000sq ft. development in Capital Square – on the site of the current bus station at the northern entrance of Cardiff Central rail station. The decision follows a detailed three-year study prompted by the ageing facilities at the current base in Llandaff and the pressing need to modernise the outdated and unreliable technology. Options to upgrade the current site were ruled out as they were costlier, more disruptive and would have taken longer to deliver. The new centre, which is being designed by Fosters & Partners, will be roughly half the size of the current premises and less expensive to run. More →

Silicon Roundabout remains the UK’s foremost location for business startups

by • News, Property

silicon-roundaboutResearch from accountants UHY Hacker Young has revealed the UK’s most popular postcodes for business start-ups. Silicon Roundabout is the most prolific area, generating 15,620 new businesses over the last year. London, unsurprisingly dominates the list with only three zones outside the capital making the top 20. Within London, Silicon Roundabout saw nearly five times as many businesses launched as Canary Wharf (3,180). The Borough, Bankside and Bermondsey areas, covered by the SE1 postcode, saw a rapid expansion in new business creation, with a 13 percent increase in new businesses, from 5,190 to 5,850 in the last year. Outside of London, Hove (BN3), came 10th marked out as a hub for outsourcing, tech and finance businesses, Leeds LS14 which came 12th and Warrington WA1 which both offer a large number of business and technology parks.

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Audit commission urges UK councils to make better use of property

by • News, Property, Public Sector

real estateUK local authorities should make better use of their £170 billion estate, including divesting or reusing around £2.5 billion worth of surplus assets, according to a new report from the Audit Commission. The report acknowledges that the estate has already shrunk by a third over the last decade but says there is still scope for councils to be more proactive in the way they manage property, not least when it comes to decisions about the use of idle or underused buildings and land. As the local government estate continues to shrink due to spending cuts and a range of Central Government initiatives such as the One Public Sector estate scheme, it was vital councils understood the properties in their portfolio and regularly reviewed them, according to the report’s authors.

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Better talent attraction and retention strategies needed as recruitment soars

by • News, Workplace

Talent attraction and retention strategies needed as recruitment needs soarEmployers are increasing their permanent headcount at their fastest rate since before the recession. Consistently positive GDP results, coupled with reports that business optimism is at its highest level since 1998, has driven impressive growth across the entire professional jobs market, according to the latest data from the Association of Professional Staffing Companies (APSCo). It reports that the placement of professional talent increased by 29 per cent compared to the same time last year, with particularly strong growth in sectors such as accounting and finance. This mirrors plans by the Big Four accounting firms to substantially increase their graduate level recruitment this year; with KPMG and PwC, for example, both planning to hire 30 per cent more candidates than last year. Although it’s good news for the jobs market – analysts warn that managers must plan ahead to ensure they retain and attract the right talent. More →

What is expense management costing you and your business?

by • Comment, Workplace

Brown envelope cashTime is money.  That’s why organisations are placing an ever-growing emphasis on improving productivity and streamlining administrative processes to encourage employees to focus on value-added activities. So I’m staggered by how many otherwise forward-thinking companies are still reliant on old-fashioned, paper-based expense management processes.  Expenses are an obvious time-sink for claimants themselves and  is often portrayed as a dull task; but badly managed expense processing costs employees and businesses money. A survey conducted by Access aCloud has discovered that employees are losing £45 a year owing to interest charges due to the waiting period of reimbursement – with a collective £2.1 billion lost by 46 million workers each year. In the UK, the average waiting time for expenses to be paid is 3.3 weeks. However, the survey revealed that over 20 per cent of people spend 6.3 weeks chasing their employer for their claims to be paid. More →

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