April 25, 2024
Prime office rents in major cities around the world have risen 1.1 percent in the past year (Q1 2023 to Q1 2024) while tenants’ ‘all-in’ net effective costs (rent plus fit-out costs) have risen 2.4 percent, according to Savills, as the structural trend towards seeking high quality premium office space continues into 2024. More →
April 24, 2024
The US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwide. This means millions of American workers will soon have more freedom to leave their current employers for jobs with competitors or even start their own businesses. The FTC estimates this change will have a significant positive impact on the economy. The agency predicts the creation of 8,500 new businesses every year, along with an average annual pay increase of $524 for workers. Additionally, the rule is expected to lead to lower healthcare costs and a surge in innovation, with estimates suggesting as many as 29,000 more patents filed each year in the coming decade. More →
April 24, 2024
In an era where working from home has become the new norm, our eyes are more essential than ever for navigating the digital landscape that defines our daily lives. The rise of remote work has been rapid, with a significant portion of the American workforce transitioning to home-based employment post-pandemic. According to a recent survey, approximately 10 percent of the British workforce reported working remotely full-time, and 29 percent were working remotely part-time. However, there is a trend towards returning to the workplace, and least in part, with several businesses mandating a return to the office. More →
April 23, 2024
A report published by the World Economic Forum’s Centre for Urban Transformation sets out what its authors claim are best practices developed by pioneer cities that are reducing carbon emissions from urban development projects. As cities grow in population and importance, urban construction will continue to gather pace. It is estimated that the global floor area is expected to double by 2060, the equivalent of building out New York City every month for the next 40 years. The report, Reducing Embodied Carbon in Cities: Nine Solutions for Greener Buildings and Communities, highlights nine innovative solutions for all phases of construction and demolition. More →
April 23, 2024
According to a new poll of employees from Workhuman, managers are crucial for both individual professional development and overall company culture. When it comes to company culture 42 percent of employees cite management as the most influential factor in shaping the workplace environment. And when employees feel like they belong, the top reason was, “my manager supports me,” as reported by 60 percent of respondents. More →
April 22, 2024
Hybrid working has enabled UK businesses to cut energy usage by a fifth as they replace large city centre office space with smaller, more energy efficient spaces including flexible workspaces, according to a new report from IWG, whose brands including Spaces and Regus. surveyed more than 500 leaders and facilities managers at businesses that have adopted hybrid working policies. The findings revealed that average energy consumption in those companies has fallen by 19 percent since the introduction of hybrid working policies, benefiting both the environment and their bottom line. More →
April 19, 2024
London, the crouching monster, like every other monster has to breathe, and breathe it does in its own obscure, malignant way. Its vital oxygen is composed of suburban working men and women of all kinds, who every morning are sucked up through an infinitely complicated respiratory apparatus of trains and termini into the mighty congested lungs, held there for a number of hours, and then, in the evening, exhaled violently through the same channels. More →
April 19, 2024
A new poll from hiring platform Indeed suggests that people now consider working in jobs that positively impact society (57 percent) and the environment (55 percent) more important than they did when they started their careers. Just over a quarter (26 percent) say they would take a pay cut and 44 percent would consider retraining to enter the environmental sustainability sector. The survey of more than 1,000 workers and job seekers and 500 employers in the UK, highlights the ongoing green skills challenge. Despite the clear appetite for sustainability-related jobs among working people, 42 percent believe there are still too many barriers to entry. More than a quarter (27 percent) have been trying to transition to the sector but have been unsuccessful so far. More →
April 18, 2024
The Stoddart Review, published in 2016, was one of the most significant reports of recent years to explore the role of the workplace for employee productivity in extensive detail and why the office environment was key for productivity purposes. There has been a huge shift in the world of work since then. What we once knew as the workplace has changed forever. More →
April 18, 2024
Ahead of World Earth Day, a new poll from Zest, claims that workers across the UK are increasingly focused on sustainability and expect their employers to do more – particularly younger generations. Half (51 percent) of employees are keen to see their company invest more in sustainability, rising to 61 percent of younger workers aged 18-34. The survey from Zest also reveals that over half (53 percent) would like to see their company investing in more sustainable benefits such as electric vehicles, similarly rising to two-thirds (66 percent) of 18–34 year olds – and these demands are not going unnoticed. More →
April 17, 2024
Just ten years ago, AI systems couldn’t even classify images as well as humans. Now, they’re routinely outperforming people on a range of tasks, according to a new report from the Stanford Institute for Human-Centered Artificial Intelligence (HAI). The 2024 AI Index is the latest update to the annual analysis of trends in artificial intelligence. Led by a team of experts from academia and industry, it’s one of the most in-depth reports on the technology and its impact available. This year’s edition tracks research, development, technical performance, responsible practices, economics, policy, public opinion, and more. More →
April 22, 2024
AI is not coming for your job. But it will make it better
by Barry Murphy • AI, Comment, Technology, Workplace