March 24, 2023

Company culture is one of the hardest but most valuable things to get right after a merger

Like never before, 2021 saw record-breaking levels of mergers and acquisitions (M&A) activity globally, a trend that continued into 2022 until a challenging macroeconomic landscape resulted in a sharp decline in activity. This was mainly because businesses waited to see what the coming months would bring. Whilst experts believe that M&A activity won’t return to levels seen in 2021, they do expect an increase as markets adapt, recover, and look for ways to increase profit. And that has major consequences for company culture, which is so important to get right in the mergers and acquisition process. More →

March 24, 2023

New guide to office fit-out and refurbishment launched by trade body

by Neil Franklin • Facilities management, News, Workplace design

Trade association FIS has launched a revised Client Guide to Office Fit-Out and Refurbishment with the aim of promoting best practice in the fit-out process and to take account of new working practices post-pandemic, the Building Safety Act and advances in sustainability. First published in 2017, this updated guide is aimed at clients, contractors and architects involved in fit-out projects in a changing world. It is available for free download. More →

March 23, 2023

Getting back to basics in The Great Workplace Conversation

by Mark Eltringham • Comment, Flexible working, Technology, Wellbeing

There’s nowhere near enough talk about our base instincts in the Great Workplace Conversation. Objectively speaking, we remain relatively highly evolved, communal and intelligent primates. And so we are driven by things we like to admit to – love, empathy and the Golden Rule. But also things we don’t care to admit to in quite the same way – status, jealousy and self-interest. More →

March 23, 2023

Canary Wharf Group shifts its focus to life sciences sector

by Neil Franklin • News, Property

The development of a major life science cluster at Canary Wharf continues to build momentum with a range of life sciences focused start-ups and scaleup businesses joining the growing community of technology businesses at its specialist co-working and office hub, Level39, according to a new statement from Canary Wharf Group. Launched by Canary Wharf Group ten years ago, Level 39 is now home to over 180 start-ups and scaleups innovating in FinTech, Cyber Security, CleanTech, Blockchain, Life Sciences and HealthTech. More →

March 21, 2023

Robots will improve your wellbeing – as long as they look cute

by Neil Franklin • News, Technology, Wellbeing

Robots can be useful as mental wellbeing coaches in the workplace – but perception of their effectiveness depends in large part on what the robot looks like. That is according to researchers from the University of Cambridge who conducted a study of a tech consultancy firm using two robot wellbeing coaches. In the study, 26 employees participated in weekly robot-led wellbeing sessions for four weeks. Although the robots had identical voices, facial expressions, and scripts for the sessions, the physical appearance of the robot affected how participants interacted with it. More →

March 15, 2023

The UK workplace sector reacts to the Spring Budget 2023

by Jayne Smith • Environment, News, Property, Workplace

Today the UK’s Chancellor of the Exchequer, Jeremy Hunt presented his Spring Budget to the House of Commons. In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’. Perhaps the headline element of this announcement was the creation of twelve new investment zones across the UK as well as incentives for older workers to return to the country’s patchy workforce. This includes£63m for programmes to encourage retirees over 50 back to work, “returnerships” and ‘skills boot camps’. Another headline for the workplace sector was the offer of improved childcare arrangements, especially for the parents of very young children, who will see 30 hours of free childcare expanded to include one and two-year-olds. More →

March 15, 2023

“Flexible working has been introduced very inflexibly”: IN conversation with Jeremy Myerson

by Mark Eltringham • Features, Flexible working, IN Magazine, Premium Content

One of the latest people to invent activity-based working is a sociologist, who combined it with the similarly familiar hub and spoke office model on her substack as a solution to the Great Office Problem and as a way of implementing flexible working. She’s not the first and is a less surprising pioneer of a decades old model than some other people who should really know better. That includes an architectural practice who came up with the idea earlier this year and whose name escapes me. More →

March 15, 2023

Only one in eight office occupiers think their property aligns with their business objectives

by Jayne Smith • Facilities management, News, Property

Only around 14 percent of office occupiers believe their existing workspace portfolios align completely with their business objectives, according to a new report on the future of the office by the Urban Land Institute and The Instant Group. The ‘state of flux’ identified in the report suggests that while the office is ‘here to stay’, the sector is bracing itself for a profound shift. Two thirds (62 percent) of office landlords expect a decrease in capital values with the current valuation model and less than 2 percent of asset owners feel they have the required capex to respond to occupier and ESG legislation-related requirements. More →

March 15, 2023

Office market continues to fail on environmental standards …. say landlords

by Neil Franklin • Environment, News, Property

A new survey that explores the state of sustainability within the UK office market, jointly commissioned by infinitSpace and The Instant Group, claims that the office market is falling behind on environmental policies. The poll of 250 landlords suggests that almost half (47 percent) of landlords believe the office market is lagging behind other areas of the property sector in implementing/adopting environmental policies. The same number say they can’t ‘go it alone’ with 47 percent of landlords agreeing they need help in shaping environmental policies. At the same time, 84 percent of landlords report a vacancy rate of 30 percent and above as average among their office building portfolio. More →

March 10, 2023

Online personal brands are the key to job success say ‘Gen Z’

by Neil Franklin • News, Workplace

New research claims to reveal how people who belong to ‘Generation Z’ perceive online ‘personal brands’ as a crucial tool to gain more advantage in job markets. The study, led by the University of East Anglia in collaboration with the University of Greenwich, claims to demonstrate the importance of authentically building online personal branding strategies and tactics to bridge the gap between Gen Z ‘s desired and perceived images on social media when job seeking. More →

March 9, 2023

More than one in three Americans fear artificial intelligence could take their jobs

by Neil Franklin • News, Technology

A survey of 3,000 employees across the United States has shed light on the extent to which workers are concerned about the growth of artificial intelligence (AI) and its impact on their job security. The research, carried out by FreelanceWritingJobs.com, claims that just over 1 in 3 (35 percent) Americans are worried about the possibility of AI making their professions redundant. More →

March 8, 2023

Two thirds of US landlords don’t really understand how their buildings are used

by Neil Franklin • Facilities management, News, Property

A new report from VTS claims that 62 percent of US landlords don’t have the tools they need to know how their properties are used, in spite of the ongoing pressure on them to understand the experience of occupiers and retain their business. More →