Search Results for: workplace

Hong Kong, London and Beijing most expensive cities for office space

Hong Kong, London and Beijing most expensive cities for office space 0

Hong KongHong Kong is the world’s most expensive office location, followed by London, Beijing and New York.This is according to JLL’s Premium Office Rent Tracker, which compares like-for-like occupation costs across 24 cities around the world. This ranks Established World Cities such as New York and London, Emerging World Cities like Shanghai, Dubai and Mumbai, and New World Cities such as San Francisco, Boston and Toronto. The latest research shows that six of the top ten most expensive cities for office rentals are in Asia; with Hong Kong the world’s costliest office rental market on a net basis as well as including added costs such as service charges and property tax. The tracker found continued demand prime office space, despite a rise in economic uncertainty; while across the global cities, the technology, media and telecommunications sectors are moving into premium office space – previously dominated by the finance and professional services sector.

More →

Over half of workers are not getting enough sleep to do their job effectively

Over half of workers are not getting enough sleep to do their job effectively 0

sleepyDaylight saving time began in the US on Sunday and the clocks will ‘spring’ forward in the UK and Europe in less than a fortnight’s time (27 March). Although having more daylight is welcomed, losing even an hour’s sleep can be a jolt to the system. According to a new survey from CareerBuilder, over half of workers (58 percent) already feel they don’t get enough sleep, and 61 percent say lack of sleep has a negative impact on their work. Only 16 percent of workers say they actually reach the recommended goal of eight hours sleep, with the majority of workers (63 percent) logging an average of six to seven hours of sleep each night during the workweek, while 1 in 5 (21 percent) average five hours or less. But as much as insufficient sleep affects workers’ jobs, the reverse is true as well: 44 percent of workers say thinking about work keeps them up at night.

More →

US businesses wasting $1.8 trillion annually on mundane tasks

US businesses wasting $1.8 trillion annually on mundane tasks 0

Boring mundane meetingsA new report from enterprise software firm Samanage, claims that US businesses are wasting up to $1.8 trillion annually on repetitive and mundane tasks that could easily be automated, leaving people free to carry out more productive and creative work.  The Samanage State of Workplace Survey, polled around 3,000 US working adults and claims that workers spend an average of 520 hours a year – more than one full day’s work each week – on repetitive services and tasks that could be easily automated, such as, password reset requests, contract reviews and approvals, office supply requests and performing other simple administrative tasks. In addition to lost time and money, the survey also claims employees are skirting organisational IT policy. Outdated technology is holding employees in the modern workforce back from driving process efficiency and identifying ways to make their work life better.

More →

Many firms only hold on to paper documents for their signatures

Many firms only hold on to paper documents for their signatures 0

Paper stackWhile many people find it convenient to use paper as a medium for note taking and idea generation, the only reason many firms hold on to paper documents is to preserve the signatures on them. That is the key finding of a new survey from knowledge management trade association AIIM.  The study found that  56 percent of executives retain signed contracts and order forms and 31 percent agree their paper documents are around only for the signatures. Consumption of paper remains high in many firms, but less and less of it is actually retained. The research is published ahead of new regulations which come into force in the EU later this year which are designed to standardise and codify the practice of retaining e-signatures on business critical documents. However, AIIM remains sceptical that the eIDAS regulations which come into force this Summer  will quickly create a standard trust based form of e-signature.

More →

Décor matters but location most important factor for the ideal office

Décor matters but location most important factor for the ideal office 0

Office workersRecent data has shown that increasingly, it’s people, not cost, which is the primary driver behind real estate decisions. British Land has carried out research into what features would make up the UK workers’ ideal office and the results point to a clear link between delivering these ideal features and talent recruitment and retention. The good news is that the workers surveyed believe they would be 36 percent more productive at work if they were working in the ideal office, and, 86 percent say they’d stay longer with an employer that had the ideal office location and features. The other side of the coin is that 80 percent believe that companies that don’t offer their employees a convenient location and attractive features are more likely to lose them. Younger workers in particular are markedly more likely to move jobs to find a working environment that suits them, and this includes offering a workplace with a ‘buzz’.

More →

More than a quarter of managers not comfortable discussing mental health

More than a quarter of managers not comfortable discussing mental health 0

Mental health awareness week2Over a quarter (28 per cent) of managers admit to having been diagnosed with or treated for a mental health related condition such as stress, anxiety or depression, however, 26 per cent of them keep this private at work, citing fear of being judged by colleagues or their manager (42 per cent and 32 per cent, respectively). And it’s not surprising this reticence persists when you consider that over one in four UK managers (27 per cent) would be more comfortable discussing employees’ physical health than they are discussing their mental health. According to the new research from AXA PPP healthcare, fear it would harm their career prospects (25 per cent) and fear of being discriminated against (21 per cent) are the main reasons for keeping quiet. Although 57 per cent say they’re just as comfortable discussing one or the other the sizeable minority who don’t indicates there’s still work to be done to overcome the mental health taboo.

More →

What that story about menstrual leave teaches us about flexible working

What that story about menstrual leave teaches us about flexible working 0

flexible working womanThere’s nothing that makes you yearn more for the end of humanity quite like the comments section on a website. There is such a direct correlation between your zeal for the apocalypse and the amount you expose yourself to the fetid bullshit that seeps from some people’s heads on to the Internet that you could graph it pretty accurately, with an especially steep curve formed by the stuff that lie below the surface of YouTube videos and certain newspaper articles. It’s wise to limit your exposure to this stuff because whenever you gaze into the abyss, the abyss gazes back into you. Occasionally though, the eye may drift below the content and catch a glimpse of how a lot of people think. One example cropped up recently when it was announced that a Bristol based company called Coexist had decided to offer its women employees menstrual leave, meaning they could work from home or take time out if they felt they needed it.

More →

CIPD reveals limited action by employers to address gender inequality

CIPD reveals limited action by employers to address gender inequality 0

Women in work index

According to a new survey by the CIPD to mark the close of the Government’s consultation on gender pay reporting regulations today, a minority of organisations currently conduct any gender pay analysis, and limited action is being taken by employers to address the causes of gender inequality. The survey of over 1,000 employers found just 28 percent of employers overall and 34 percent at larger organisations (those with 250 or more employees) say their organisation conducts any analysis of the pay of men and women. Among organisations that don’t currently analyse gender pay differentials, only 7 percent of large organisations plan to conduct any analysis of the pay of men and women in the next 12 months, with 47 percent saying they won’t and 46 percent responding that they don’t know. Employers are taking steps to equal opportunities however, such as improving flexible working opportunities available to staff.

More →

Staff believe 91 percent of UK firms will no longer be competitive by 2020

Staff believe 91 percent of UK firms will no longer be competitive by 2020 0

right-information-right-technologiesStudies using 2020 as an apocalyptic landmark are thinner on the ground these days as we get closer to the actual year, so it’s great to see the old chestnut given another roasting in a new report from tech consultancy Infomentum. The headline stat from their new Beyond Digital report is that 91 percent of UK employees believe that new technology will mean that their current businesses will no long be competitive by 2020 unless they face up to the challenges of the digital economy. The report, based on a study of over 1000 office workers, examines how new technology is set to disrupt businesses and employment. Around 50 percent of respondents believe their employers will have to invest in new technology in order to fend off extinction. The survey also suggests that organisations resort to bandwagon jumping when it comes to new technology rather than assessing their needs before making decisions.

More →

Rents stabilise in London, but occupiers will pay premiums for views

Rents stabilise in London, but occupiers will pay premiums for views 0

Nova buildingDemand for office space across prime Central London remains strong, with 3.4m sq ft of lettings recorded in Q4 2015, according to the latest Office Market Bulletin from Cluttons. However, even with continued high demand, prime rents have started to flatten, with rent rises seen in only six of 18 submarkets.  While Canary Wharf witnessed a rental hike of 5.6 percent during Q4, underpinned by occupiers who are willing to move further away from the core, particularly for large floorplates, to areas perceived to offer good value; in contrast, the City Core, which already has a high amount of good quality space, appears to be struggling to absorb the large increase of supply coming through, causing rents to stabilise. And towards the end of 2015 further developments within the City were announced which, if completed, could lead to a supply glut. Across the markets though, the top floors in the best schemes are attracting an increasing rent premium of 5-10 percent.

More →

Corporate real estate strategy shifts focus from cost to people

Corporate real estate strategy shifts focus from cost to people 0

US corporate real estateA new survey of corporate executives indicates a major shift in how companies make real estate decisions today, with more than half (50 percent) saying that talent is more important than cost (31 percent) as their foremost consideration. As a result, executives view the workplace as primarily a recruitment and retention tool that offers attributes such as a flexible workplace, high quality amenities and interiors. But while the people and workplace experience dominate the corporate real estate agenda, according to CBRE’s Americas Occupier Survey – escalating costs are a major concern. Of survey respondents, 85 percent cite space efficiency and restructuring as a top strategy for reducing occupancy costs. These two issues are driving real estate conversations; with the result that workplace strategy is increasingly being viewed as both a critical employee attraction and retention strategy (57 percent), and as a means to control costs.

More →

Eight in ten women believe gender discrimination still prevalent at work

Eight in ten women believe gender discrimination still prevalent at work 0

Female equalityToday is International Women’s Day, which marks the official day of the year when gender equality across the world comes under the spotlight. In the UK, a poll by Investors in People found that 8 in 10 of women (83 percent) in full time employment believe gender discrimination is still present in the workplace. According to the poll of 2000 employees almost half of women (45 percent) think they have personally experienced discrimination in the workplace because of their gender. And what is depressingly unsurprisingly to many women is that when the poll explored employee perceptions of gender discrimination versus the reality, 30 percent of men believe there is no difference between men and women’s pay, when according to the facts, women are earning on average 19 percent less than men an hour (UKCES, 2015). More encouragingly though, 41 percent of employees believe their workplace has a culture of encouraging gender equality, a statistic that has room for growth.

More →