Search Results for: confidence

February 26, 2014

Not just about the money. Higher wages do not improve employee retention

Employers that take a broader view of the employee experience beyond pay are more likely to retain talented employees. new research suggests. In a study of European economies by Towers Watson, countries with higher GDP growth tend also to have higher levels of employee attrition, The General Industry Compensation Survey Report findings also show little evidence to suggest that countries with high real-wage growth (i.e. salary increases minus inflation) are able to use that to secure higher levels of employee retention. The research proves that with the emergence of a strengthening employment market means employers will have to work harder to ensure that non-pay related benefits such as an attractive working environment and plenty of opportunities for career advancement are available to attract and retain talent. More →

February 24, 2014

London conference debates international office measurement standard

by Sara Bean • Facilities management, News, Property

The implementation of an international property measurement standard for offices (IPMS for Offices) moved forward last week when a group of leading professional bodies from across the world met at RICS’ HQ in London. The two-day meeting (20-21 Feb 2014) brought together representatives from many of the 31 member organisations of the International Property Measurement Standard Coalition (IPMSC), who discussed plans for the launch and implementation of IPMS across international real estate markets. A rise in cross-border property investment and expansion by global corporate occupiers has exposed the difficulties that can arise when dealing with differing national and local measurement practices. The first of its kind, IPMS seeks to standardise the way office space is measured around the world. More →

February 19, 2014

After the deluge: wading through the floods of employment issues

by Jayne Flint • Workplace

The recent downpours have resulted in the flooding of many businesses. At the same time, employees are struggling to get into work due to their own homes being flooded or the closure of transport links. The problems which arise due to the closure of the workplace are rather different from the challenges of dealing with employees who can’t get to work, but both should be handled carefully. Where the business itself has closed due to adverse weather an employer can ask its employees to work from home or, if alternative premises are available employees may be asked to transfer to the different premises until their place of work is restored. Where the employer has an express clause in the contracts of employment entitling it to make such requests, the employer can insist on the employee’s co-operation. More →

February 6, 2014

London office rents are set to reach historic high by 2018

by Sara Bean • News, Property

London office rents are set to reach an historic high by 2018, fuelled by demand from the technology, media and telecoms (TMT) sector. Demand for office space by technology and media firms across central London was more than double of the finance sector in 2013, with major deals signed by Google, Amazon, Facebook, Twitter, News Corp, and Ogilvy & Mather. According to data from Knight Frank, record levels of overseas investment are helping London build its reputation as a global hub. Geographically, it is not just the City and the West End that are seeing a massive surge in demand; take-up in Docklands increased by nearly 20 per cent last year, while completely new districts are emerging which include London Bridge, Battersea and Nine Elms. More →

February 5, 2014

Corruption in procurement perceived as widespread across EU

by Mark Eltringham • Facilities management, News, Public Sector

According to the EU’s newly published Anti Corruption Report, around 15 percent UK firms believe that corruption has prevented them from winning a public contract at at least one point during the past three years. Although this rate compares favourably with an EU average of 32 percent, the report concludes that the total cost to the European economy of corruption is some €120 billion. The most commonly cited practices cited by the firms responding to the survey included specifications and procurement processes tailored for certain firms, conflicts of interest in bid evaluation and collusion between suppliers. Although under a fifth of UK businesses claim to have been directly affected, nearly half (46 percent) feel corruption is widespread compared to an EU average of 75 percent.

January 24, 2014

Fewer projects put on hold as construction sector recovery continues

by Sara Bean • News, Property

In the week the ONS announced the UK unemployment rate has dropped to 7.1 per cent, comes more evidence of the recovery from the built environment. Figures released by construction industry analysts Glenigan have revealed that the value of UK projects put on hold during 2013 was the lowest since the start of the recession in 2008. In total, £12 billion of potential projects were put on hold last year, compared to £47 billion in 2012 and a peak of £80 billion in 2009. According to Glenigan economist Tom Crane, the value of stalled projects have been falling since 2009, but the latest figure shows the continuation of an encouraging trend, with a 16 per cent fall in the value of underlying projects. More →

January 23, 2014

UK commercial property investment in 2013 hits a six year high

by Mark Eltringham • News, Property

Last year marked a six year high in commercial property investment across the UK according to a new report from property information providers CoStar, driven by increases in regional markets and a sharp upturn of interest in Central London from overseas investors. A total of £52.7 billion of transactions was completed across the UK in 2013, albeit that two-thirds of investments were made in London and the South East of England. It was also a year for record breaking deals, notably the Broadgate office development in the City (above) and More London on the South Bank, each of which were valued at £1.7 billion. London was particularly attractive for Asian investors who CoStar claim see it as a safe haven and invested £9.2bn, up 80.6 percent on 2012.

December 19, 2013

Architects’ workloads remain in positive territory across the country reports RIBA

by Sara Bean • Architecture, News, Property, Public Sector

The design and construction sector continues to pick up, particularly in Scotland, Southern England and London says the Royal Institute of British Architects (RIBA). Although the Future Trends Workload Index fell back slightly in November, standing at +31 compared with +35 in October 2013, it remained firmly in positive territory. RIBA’s monthly survey illustrates the profession’s confidence and workload, and is a useful indicator of the health of the wider UK construction industry.Welcoming the growing confidence across the United Kingdom, RIBA Director of Practice Adrian Dobson said: “In terms of geographical analysis the highest balance figures were in Scotland (+50), the South of England (+41) and London (+40), but all UK nations and regions remain positive about future workloads, again reflecting a widespread increase in confidence levels.” More →

December 11, 2013

Advice to Government to stick to carbon reduction budget welcomed by UK-GBC

by Sara Bean • Environment, News, Property

The Coalition must stick to agreed targets to dramatically reduce carbon dioxide emissions, the government has been told. The Committee on Climate Change (CCC), the statutory body set up to advise the government on meeting long-term carbon goals says there has been no change in the circumstances upon which the fourth carbon budget (2023 – 2027) was originally set in 2011 that would justify lowering current proposed levels of emissions cuts. Responding to Chancellor George Osborne’s request to review the carbon budget, the committee said if anything, changed circumstances point towards a tightening of the budget. Its findings were backed by the UK Green Building Council, which says that the construction and property sector has been plagued by Minister’s shifts in energy management policies.

December 6, 2013

Don’t be caught by surprise by the hidden costs of commercial property

by Richenda Oldham • Comment, Facilities management, Knowledge, Property

According to Colliers International’s recent Global Investor Sentiment Report, 2014 will see an increase in commercial property investor confidence, with 74 per cent of UK based investors saying they were more likely to risk investing across all property sectors, although offices remain the most popular category to invest in. Yet despite this vote of confidence, it seems strange to report that the real costs involved in property acquisition and maintenance, are frequently overlooked by the purchasers. It appears that businesses often have a patchy knowledge of the range of costs involved in owning or leasing commercial real estate, which is surprising when you consider that a company’s biggest single investment next to its workforce is commercial property.

November 19, 2013

RIBA says rise in architects’ workloads signals recession is coming to an end

by Sara Bean • Architecture, News, Property

The Royal Institute of British Architects (RIBA) says all the signs are that the recession is coming to an end, after recording the highest workload forecast figure for architects since its Future Trends Survey begin in January 2009. The RIBA Future Trends Workload Index sustained a significant increase this month, rising to +35 in October 2013 from +26 in September 2013. Welcome news also comes from the latest quarterly returns for the levels of actual work in progress which are now showing an annual increase for the first time since the financial crisis. RIBA practices reported an 11 per cent aggregate increase in workload between October 2012 and October 2013 and are increasingly optimistic about their medium term future work flows. More →

November 14, 2013

As economy picks up, change management is greatest employment challenge

by Sara Bean • News, Workplace

The latest figures from the Office of National Statistics show that the unemployment has fallen to 7.6 per cent, its lowest rate in more than three years, and the signs are that employers can plan for the future with renewed confidence. In a poll conducted at the recent Chartered Management Institute’s National Annual Conference, 74 per cent of managers said market conditions for their business are currently more conductive for growth than they were last year. Their biggest management challenge in the coming year will be implementing change initiatives, with other priorities being: coordinating business development activities; getting the best performance out of their team; achieving results with fewer resources; internally promoting their department as a value-adding business partner; and managing and bringing through star performers.