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New speculative office scheme announced for Slough Trading Estate

New speculative office scheme announced for Slough Trading EstateA new 68,000 sq ft speculative office scheme has been announced for Slough Trading Estate, arguably the most famous trading estate in the country; home to Ricky Gervais’ ‘the Office’. Although Slough began life as an industrial trading estate, it now accommodates  numerous corporate offices, and is one of the UK’s most popular headquarter locations for multinational companies, including Mars, Stanley Black and Decker, O2, and LG. The latest development forms part of the ongoing redevelopment of the Trading Estate to ensure it continues to remain a draw for business. The new site, at 234 Bath Road has already secured planning permission and is due to commence in November with completion set for Spring 2016. According to developer SEGRO the offices will feature large floorplates offering grade A office accommodation ranging in size from 22,000 sq ft – 68,000 sq ft, which can be let to a single company or multiple occupiers. More →

Key to successful BIM implementation is collaboration, says RICS

Key to success of BIM implementation is collaboration says RICSThe need for collaboration between all the professions working within the built environment was the overriding theme of a free seminar on BIM, hosted by RICS last week, reports RICS’ Schemes and Accreditation Manager Jon Klahn. The event featured speakers from quantity surveying, engineering and architecture, and was designed to help delegates learn more about BIM and RICS’ role in establishing BIM industry standards. Addressing the 80 plus attendees, Dr Anne Kemp FRICS, Director of BIM Strategy and Development at Atkins and Chair of ICE’s BIM Action Group said the various professions can no longer be driven by self-interest. BIM in itself is not the solution. But the change required to make BIM successful will ultimately allow for better construction, better buildings and a better environment. Successful BIM implementation requires a partnership of people, process and technology and for project teams to understand and appreciate each other’s roles as professionals. More →

Two new reports highlight major public sector procurement failings

public sector procurementA newly published  review from the UK’s National Audit Office claim that the poor management of the country’s public sector procurement function means that fraud is widespread to the tune of tens of billions of pounds. The review found that a lack of oversight and a belief that some contracts are too important to fail open the doors to fraud. A separate NAO report also claims that the function is given a low priority and too often is more interested in just getting deals signed and out of the way than thinking about how contracts function in practice. The review into the level of fraud and overcharging in Government outsourced contracts which was carried out in the wake of the high profile of the cases of ‘bad practice’ by G4S and Serco claims that the public purse may be exposed by as much as £40 billion. Five government contracts are already under investigation by police or the Serious Fraud Office, according to the report and more will follow.

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Business leaders seem powerless to stem tide of always on working, claims report

Always on workingAmongst the reported findings in the latest edition of the annual Deloitte Global Human Capital Trends survey is a growing belief amongst business leaders that information overload and the always on working culture are significantly undermining personal wellbeing, engagement and productivity. This challenge has been identified before in the same report, but the latest edition perhaps signals that despite the high level of awareness of the issue at both a personal and general level, little is being achieved in terms of stemming the inexorable erosion of personal time. The report is based on a survey of more than 2,500 business leaders. It found that over a third think that constant access to work is undermining employee productivity and engagement and fewer than one in ten feel they are dealing with the problem adequately. More →

Lack of regional commercial property could hamper UK growth

commercial propertyAlthough construction is on an upward trend, the development of commercial property lags behind, and the situation is particularly challenging in the West Midlands. According to JLL and Glenigan’s inaugural Commercial Construction Index, total construction starts by value, year end Q2 of 2014 were 15 per cent down compared to Q2 of 2013 at £2.03 billion. Graham Taylor, director of JLL’s Birmingham Buildings & Construction team, explained that the volume of commercial property being started has not risen substantially since the recession. Birmingham, Leeds and Manchester are already experiencing a shortage of Grade A office space – with much of the shortfall due to a drop in construction activity compared to the early to mid 2000’s. He said: “Rising corporate confidence means that many companies are looking to upgrade their workplaces. The corporate world is increasingly recognising that well-designed modern offices can be a key driver of productivity and staff retention, two major strategic concerns.”

More construction developments required to solve office supply shortage

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 →

Sharp rise in demand for staff could spark a ‘vacancy vacuum’

Sharp rise in demand for staff could spark a 'vacancy vacuum' There was a record fall in permanent staff availability in June, according to the latest Recruitment and Employment Confederation (REC) and KPMG Report on Jobs which found the rate of contraction has accelerated to the sharpest seen in the survey’s history, which began back in October 1997. There was also a sharp deterioration in availability of temporary/contract staff, with June’s drop the greatest seen since March 1998. Amid reports of a shortage of suitable candidates, and with demand for staff increasing, permanent salaries rose during June at a survey record rate. However, as demand for staff has grown, this month saw the number of workers available to fill vacancies plummet to an all-time low, in particular across business development and sales. The latest report fuels concerns of a vacancy vacuum – and a reminder for employers that, for staff, remuneration is about much more than take home pay. More →

IT and HR failing to work together to tackle computer data risks

IT and HR failing to work together to tackle computer data risks The inability of employees to follow computer access policies is the greatest threat to an organization’s data security, just slightly ahead of professional hackers. Yet, as a new report reveals, the majority of IT managers still believe it is ‘easy’ to protect their organisation’s security and defences against a data breach. The research, commissioned by Courion, found that 43 percent of respondents felt they could have better relations with Human Resources in managing staff access rights, with a majority (59 percent) not feeling confident they had enough help to make dealing with insider threats easier.  This follows a recent separate study into staff attitudes to IT security that found staff could be ambivalent about how they use their access rights – for example, 39 percent share work login details with colleagues and 1 in 5 of UK professionals said they would snoop on sensitive personal data if they had access to it.

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Better talent attraction and retention strategies needed as recruitment soars

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 →

Talent challenge ahead as UK employers struggle to fill skills gap

Skills gap challenge ahead for UK employersWith the economy picking up, nearly two thirds of UK employers are concerned that they won’t be able to find the people with the skills needed to fill their burgeoning job vacancies. A global PwC survey of over 1,300 CEOs in 68 countries reveals that a quarter of UK business leaders plan to increase their headcount by up to 5 per cent in the next 12 months, with a further 20 per cent planning increases of up to 8 per cent and a further one in five planning increases of over 8 per cent. But 64 per cent of UK business leaders are more concerned about the availability of key skills than any of their Western European counterparts, rating it as the biggest business threat to their growth plans. Technology and engineering firms report the most chronic shortage of skilled employees. More →

UK one of the top global business destinations for sales growth and profitability

Ad Lib detailGlobal manufacturing executives rank the UK as one of the top destinations for future sales growth and profitability, according to KPMG’s latest Global Manufacturing Outlook report published this week. This places the UK ahead of Germany, India and Japan and alongside China, beaten only by the US. The report also notes that the UK is leading the world in the growth of 3D printing. The survey of 460 executives representing business with an annual turnover in excess of $5 billion reveals that the UK is ranked third in terms of those countries in which global companies expect profit growth over the next two years. The focus on new technology and materials in the report reveals that 85 percent of UK manufacturers are already moving to 3D printing to reduce their product development life cycle, as British office furniture maker Senator did in prototyping its Ad-Lib range (pictured).

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London large commercial property pipeline leads rest of Europe

London Commercial Property London will be home to 35 new large office buildings before the end of this year making it one of Europe’s most important destinations for major corporates wishing to occupy over 5,000 sq. m. of commercial property, according to a new report from Colliers International. The survey of 23 major European cities found that together they will offer just over 800 readily-available and high quality large scale offices to choose from by the end of 2014. The 2014 EMEA Office Report claims that this year will see London become the city with the joint third highest availability of large offices in Europe, up dramatically from 11th place.  London matches Amsterdam in having 60, trailing Paris with 62 and Moscow with 98. London, however, stands out as having a strong pipeline of new large office developments.

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