Search Results for: workplace

May 17, 2016

London’s central office market peak driving change for other zones ⁰

by Tobi Crosbie • Cities, Comment, Facilities management, Property

There are plenty of good reasons to believe that London’s Central office market has hit its peak. Rents are at an all-time high in the majority of core office locations and whilst the start of 2016 has seen rents rise, there is certainly a clear steadying of the pace. According to our own data, the Landlord’s quoted rents for offices across the entire Central London market. Core offices such as Mayfair and St James’s have reached levels of £150 per square foot (pfs) in Q1 2016 compared with £120 per square foot in Q1 2015 a rise of 25 percent in 12 months. That does sound excessive, until this is compared with the rises seen East of the city in so called ‘fringe markets’ of Clerkenwell, Old Street and Shoreditch. Here the rents have become eye watering. In Q1 2015, the prime quoting rent in Shoreditch had reached £55 psf. In Q1 2016, this number had reached £75 psf highlighting an increase in 12 months of over 35 percent.

May 17, 2016

Employers need to step up to retain older workers and carers, claims CIPD ⁰

by Mark Eltringham • Flexible working, News, Wellbeing, Workplace

With people living longer and fewer young people entering the labour market, Europe’s employers are increasingly reliant on the skills and talents of older workers. However, the ageing population also means that there will be around nine million carers in the UK by 2037, many of whom will be trying to juggle care and employment, according to new research released by the CIPD. It claims that, although the UK’s policy framework for supporting older workers and creating fuller working lives is well-developed in comparison to other European countries, there is a crucial need to turn this thinking into practical action to avoid losing the skills and experience of employees who choose to work beyond retirement. With around 30 percent of the UK workforce currently over 50 compared to 20 percent in the 1990s, the CIPD is urging employers to put the tools and culture in place to support older workers as they represent and increasingly significant proportion of the labour market.

May 17, 2016

Lack of productivity growth continues to impact on UK employment ⁰

by Sara Bean • Flexible working, News, Workplace

The Government to be more interventionist in its support and work in partnership with business to help improve organisations’ productivity to improve salaries and performance, the CIPD has said. This follows the second quarter in a row when the CIPD’s survey of employers has anticipated a pay figure below the Government’s official inflation target of 2 percent. The Labour Market Outlook highlights how low inflation, expanding labour supply and the lack of productivity growth are working in combination to reduce the economic pressure for employers to pay their staff more. The UK is now in its eighth year of a productivity slump, which for employees means that pay growth is likely to remain sluggish until at least the end of the decade and for employers means that low productivity leads to tightened budgets. This ‘jobs-rich, pay-poor’ economy is set to continue as pay awards are expected to only rise by 1.7 percent in the next year.

May 17, 2016

Rent rises may help meet shortage of Grade A office space in Belfast ⁰

by Sara Bean • Cities, Facilities management, News, Property

A chronic shortage of Grade A office space, especially those offering floor plates of over 10,000 sq ft in Belfast city means there is a growing acceptance in the market that Grade A rents need to continue to grow to encourage speculative development. This is due to the markets failure to provide suitable options within the City Core, finds the latest Belfast Offices Snapshot from Colliers. This lack of Grade A office stock Belfast has seen two well established Foreign Direct Investment companies (Allstate and Concentrix) bridge the gap from occupier to developer to secure their optimal property solution. However, the Belfast office market experienced a lower level of transactional activity in 2015 than expected. Take-up figures in 2015 totalled c.310,000 sq ft with the inclusion of the new c.100,000 sq ft Belfast City Council headquarters and therefore some way off the 2013 and 2014 take-up figures of 425,000 sq ft and 375,000 sq ft respectively.

May 16, 2016

Yet more evidence that flexible working is now mainstream ⁰

by Neil Franklin • Flexible working, News

Although flexible working remains an idea that is still often presented as some sort of novelty, challenge to the natural order of things, ‘trend’ or (spare us) a ‘craze’, at some point a lot of people will have to accept that it’s just the way an awful lot of people work nowadays. Earlier this year, The Work Foundation published a report suggesting that half of UK employers will offer flexible working by next year. Now, job site Monster.co.uk has published its own survey suggesting pretty much the same thing. It found that around a third of British employers already offer their staff some sort of flexible working arrangements and 26 per cent already offer them to all employees as a matter of course although it tends to apply somewhat disproportionately to senior employees. However, the research also claims that more than a fifth (21 per cent) of employees don’t know what their company’s policy is which is obviously a major constraint on its uptake.

May 16, 2016

Women (and men) don’t enjoy the full wellbeing benefits of flexible working ⁰

by Dr Daniel Wheatley • Comment, Flexible working, Wellbeing

There has been significant expansion of flexible working arrangements (FWAs) in the last two decades, driven to some degree by the work-life balance agenda. However, in practice work-life balance and flexible working continue to be viewed as a ‘women’s issue’, as women more often reduce hours or work part-time. But recent research conducted by my own department suggests that women working flexibly are not experiencing the potential wellbeing benefits when compared to men. Flexible working arrangements include part-time, flexi-time, job share and homeworking. Part-time accounts for approximately 40 percent of female employment and is the most common FWA used by women. Term-time working is also used predominantly by women, reflecting the typical gender roles regarding caring for school-aged children. Meanwhile, flexi-time remains the most common arrangement used by men, at around 19 percent.

May 16, 2016

Major survey aims to change approach to mental health at work ⁰

by Sara Bean • News, Wellbeing, Workplace

To mark the first day of Mental Health Awareness Week, (16-22 May 2016) the most comprehensive survey on workplace mental wellbeing has been announced. The National Employee Mental Wellbeing Survey is designed to herald a step change in how businesses approach mental health in the workplace. Mental ill health is the leading cause of sickness absence in the UK and is on the increase. 15.2 million days of sickness absence in 2013 were caused by everyday conditions such as stress anxiety or depression – a dramatic increase from 11.8 million days in 2010. Business in the Community which is launching the survey with support from Mind, CIPD, the Institute of Leadership and Management, The Work Foundation, Maudsley Learning at Work and Mental Health First Aid; aims to use the results to help identify solutions to improve mental health at work. A new interactive toolkit to help employers take positive actions to build a culture that champions good mental health also being launched today.

May 12, 2016

Making sense of the relentless babble about flexible working

by Mark Eltringham • Comment, Facilities management, Flexible working, Workplace design

Not a day goes by when some organisation or other isn’t found extolling the virtues of flexible working or urging everybody to adopt the practice. While it’s easy to be cynical about the results of surveys from technology companies which are a staple part of this media onslaught, they are actually on to something. And that is why governments, employers and their associations and employees are all attracted to the idea of flexible working as a way of achieving whatever it is they want. The result is the stew of motivations, ideas and terminology that can lead commentators to make grand and daft pronouncements about flexible working; pronouncing it dead, most famously in the case of Yahoo but more subtly in the case of the grand new Xanadus being created in Silicon Valley by the area’s Charles Foster Kanes, or as the harbinger of death for the office based on the notion that somehow we’ll all be working in exactly the same way at some point in the future.

May 12, 2016

Third of those with mental ill health don’t tell anyone at work ⁰

by Sara Bean • Comment, News, Wellbeing, Workplace

As our story on levels of unreported stress in UK workplaces revealed yesterday, work is one of the greatest triggers for stress, depression and anxiety, which is why employers are constantly being reminded to look out for and address the causes of mental ill health. However, although it is often work that contributes to stress related problems, the stigma surrounding mental illness means too many people are reluctant to admit to struggling with mental ill health to managers or colleagues. A study commissioned by AXA PPP healthcare has revealed that a third of individuals (34 per cent) living with mental ill health who are in work say they are not open about their mental health condition in the workplace. Over half (52 per cent) of those living with mental ill health who didn’t seek support straightaway say this was because they didn’t want to admit that they needed it.

May 12, 2016

Office construction at highest level in London for eight years ⁰

by Sara Bean • Cities, Facilities management, News, Property

Office construction in the Capital is at its highest level for eight years, according to Deloitte’s latest London Office Crane report, which measures the volume of office development taking place across central London. Recognising that the low supply of available office space across central London offers a limited choice for tenants, developers have responded by starting a record number of new schemes since the last survey. The latest results show that the volume of office construction has increased by 28 percent over the past six months to 14.2 million sq ft the highest level since the beginning of 2008. In just 18 months activity nearly doubled from 7.7 million sq ft in 2014. The financial sector has leased the largest share of office space under construction in the latest results, accounting for 2.3 million sq ft, or 39% of the let space while currently accounting for 38 percent of the space let, the TMT sector is a leading occupier group.

May 11, 2016

Central London office activity slows as EU uncertainty hits market ⁰

by Sara Bean • Cities, Facilities management, News, Property

Given the level of uncertainty around June’s Referendum on the UK’s membership of the EU, the £11.9bn invested into commercial real estate during the first three months of 2016 appeared robust. However, 50 percent of Q1’s volume was in January, with the data from Lambert Smith Hampton showing that activity tapered off significantly in the following two months. Anecdotal evidence clearly linked the slowdown directly to the approaching vote. As a result there was a significant fall in activity, which translated into a very quiet quarter for Central London Offices, where volume halved quarter-on-quarter to £2.2bn, the lowest quarterly total since the last part of 2011. Given that financial services is widely regarded as the most exposed sector to a possible ‘Brexit’, this sector appears to have suffered most from investor caution.In marked contrast, investment in the rest of UK Offices has remained buoyant at £1.4bn, the highest quarterly total since the middle of 2007.

May 11, 2016

Work is most common cause of stress, anxiety and depression ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

Work pressures are the most common cause of stress in this country, with over a third (34 percent) of people in a poll saying it has contributed to mental health problems; while 20 percent say juggling a work/life balance also plays a major role in causing stress. Research from Aviva ahead of Mental Health Awareness Week (16-22 May) found that 12 million UK adults suffering from stress, anxiety or depression in the past year did not seek help, with many too embarrassed to do so. Stress (33 percent), anxiety (29 percent) and depression (23 percent) are the most common mental health conditions experienced in the past year, but of those who experienced stress, 55 percent did not seek support, while 48 percent did not seek help for anxiety. More people are taking action on depression, but around three in ten (29 percent) of those suffering with this in the last year still did not ask for support.