Search Results for: financial

London office market showing unmistakeable signs of life, especially for Grade A space

London office market showing unmistakeable signs of life, especially for Grade A space

by • News, Property

The London office market is demonstrating strong signs of recovery, with declining vacancy rates and robust demand for high-quality spaces.The London office market is demonstrating strong signs of recovery, with declining vacancy rates and robust demand for high-quality spaces. Both occupier and investor activity surged in the third quarter of 2024, reflecting renewed confidence in the capital’s commercial real estate sector. Despite challenges posed by elevated supply levels, the market’s recovery trajectory points to a potential upswing in rents and investment activity heading into 2025, driven by stabilising vacancy rates and continued demand for Grade A office space. (more…)

CIPD welcomes government’s ‘Get Britain Working’ strategy

CIPD welcomes government’s ‘Get Britain Working’ strategy

by • News, Workplace

The Chartered Institute of Personnel and Development (CIPD) has expressed support for the UK Government's 'Get Britain Working' initiative, which aims to tackle economic inactivityThe Chartered Institute of Personnel and Development (CIPD) has expressed support for the UK Government’s ‘Get Britain Working’ initiative, which aims to tackle economic inactivity and promote greater inclusion within the workforce. However, the CIPD has urged the government to take more ambitious steps to elevate the status of apprenticeships and strengthen partnerships between employers and Jobcentres. (more…)

Turns out people from Gen Z aren’t bone-idle and unambitious after all

Turns out people from Gen Z aren’t bone-idle and unambitious after all

by • News, Workplace

The work ethic of so-called Gen Z is alive and well, according to a new report. And they want to get on at workMore than a third of office employees (37 percent) feel their work ethic has improved over the past 12 months, according to a new study. This is particularly apparent among younger people such as those belonging to so-called Gen Z, as the figure rises to more than half of those aged 18-24 (55 percent) and 25-34 (57 percent). One in five (22 percent) suggest they ‘always go above and beyond’, with the same number saying that they will ‘do whatever needs to be done to deliver’. (more…)

Slow progress on sustainable buildings, RICS report claims

Slow progress on sustainable buildings, RICS report claims

by • News

While demand for sustainable buildings and investment remains steady, particularly in regions such as Europe, significant gaps persist in terms of skills, knowledge, and financial incentivesThe latest sustainability report from the Royal Institution of Chartered Surveyors (RICS) highlights the continued challenge of embedding sustainable practices within the built environment, despite some signs of progress. While demand for sustainable buildings and investment remains steady, particularly in regions such as Europe, significant gaps persist in terms of skills, knowledge, and financial incentives. (more…)

People in wealthy societies are more motivated by money than those in poorer countries

People in wealthy societies are more motivated by money than those in poorer countries

by • News

The effectiveness of money as a motivator varies greatly across cultures, as highlighted in recent research published in the journal Nature Human BehaviourMoney has long been regarded as a key motivator in driving human effort. Yet, its effectiveness as a motivator varies greatly across cultures, as highlighted in recent research published in the journal Nature Human Behaviour. This study delves into the comparative influence of monetary and psychological incentives on motivation, specifically contrasting “WEIRD” cultures—Western, educated, industrialised, rich, and democratic—with non-WEIRD cultures, such as those in India, China, and South Africa. (more…)

Economic and political uncertainty continue to dampen commercial property market sentiment

Economic and political uncertainty continue to dampen commercial property market sentiment

by • News, Property

The outlook for the European commercial property market is cautiously optimistic despite growing geopolitical uncertainty and concerns about economic growthThe outlook for the European commercial property market is cautiously optimistic despite growing geopolitical uncertainty and concerns about economic growth, with London, Madrid and Paris emerging as the standout performers, according to a new report by PwC and the Urban Land Institute (ULI). The report – Emerging Trends in Real Estate Europe 2025 outlines how market players believe ‘a new normal’ is emerging as valuations have come down and interest rates regain some level of predictability in a market characterised by higher inflation and interest rates, and geopolitical and economic uncertainties. This led to more than 80 percent of survey respondents expecting business confidence and profits to stay the same or rise in 2025, with around half predicting increases in both. (more…)

Beyond the jargon: what insurance benefits really mean to your team

Beyond the jargon: what insurance benefits really mean to your team

by • Company news

Here’s a jargon-free guide to the different insurance benefits you can offer your employees, and the real-life impact they have on your team.Offering a comprehensive employee benefits package is more important than ever, and  Drewberry’s 2024 Employee Benefits And Workplace Satisfaction Survey found that a fifth of employees want insurance to protect their loved ones. But with so many products out there, and terms like “Group Income Protection” and “Critical Illness Cover” making many people’s eyes glaze over, it can be hard to determine the right product for your people – and what they really offer. (more…)

Bosses are too cocky when it comes to modern risks to their businesses

Bosses are too cocky when it comes to modern risks to their businesses

by • Business, News

CEOs face sleepwalking into reputational disaster through over-confidence which masks inadequate crisis planning to mitigate modern day risksCEOs face sleepwalking into reputational disaster through a concerning over-confidence which masks inadequate crisis planning to mitigate modern day risks, according to a new report [registration] from PHA Group. The survey questioned 150 CEOs across the UK’s £240bn professional services sector on confidence and planning in navigating business critical issues. Examining issues from workforce management and whistleblowing to climate change and regulation, CEOs from law firms, insurance, finance and accounting, consultancy and recruitment conveyed confidence but also revealed a lack of investment and planning. (more…)

Is retirement no longer an option for many people? This report thinks so

Is retirement no longer an option for many people? This report thinks so

by • News

More than two-thirds of UK adults believe that retirement in their 60s will soon be a thing of the pastMore than two-thirds of UK adults believe that retiring in their 60s will soon be a thing of the past, according to new research from Canada Life. The findings, released in the company’s inaugural Life100+ report [promotional content], claims to highlight shifting expectations as people prepare for longer lifespans, with retirement plans and financial security becoming major concerns. (more…)

Reactions to the UK’s new Employment Rights Bill

Reactions to the UK’s new Employment Rights Bill

by • News, Workplace

Details of the UK's new Employment Rights Bill were released yesterday. The legislation represents what the government claims is a significant overhaul of workers' rights, offering more protections and benefits and helping to promote practices like flexible workingDetails of the UK’s new Employment Rights Bill were released yesterday. The legislation represents what the government claims is a significant overhaul of workers’ rights, offering more protections and benefits and helping to promote practices like flexible working. Key elements of the bill include granting workers access to statutory sick pay and parental leave from the first day of employment, and introducing a ban on exploitative zero-hour contracts. It also aims to curb controversial “fire and rehire” practices and gives employees the right to claim unfair dismissal from day one, rather than after two years of service. However, businesses will still be allowed to operate probationary periods to ensure fit for roles, with discussions suggesting a maximum of six months. (more…)

Finger on the pulse: Is biometrics the future of workplace wellbeing?

Finger on the pulse: Is biometrics the future of workplace wellbeing?

by • Comment, Wellbeing, Workplace design

For architects and designers, the trend to use wearable devices to track wellbeing in the workplace is a giftAround a third of companies already use wearables to track their team’s activity and better gauge their physical, mental and emotional wellbeing, according to Deloitte’s 2024 Global Human Capital Trends Report. Deloitte predicts that usage will increase to two thirds by 2027. Neurotechnology, which uses electronics to read brain activity and can contextualise employee behaviour and interactions, is also anticipated to ramp up dramatically in use in that timeframe, from 3 percent to 31 percent. (more…)

Small businesses are aware of benefits of using AI, but don’t know where to start

Small businesses are aware of benefits of using AI, but don’t know where to start

by • AI, Business, News

According to a new poll from hiring platform Indeed, around a third of small businesses are scared to implement AI, despite acknowledging the many apparent benefits of doing soAccording to a new poll from hiring platform Indeed, around a third of small businesses are scared to implement AI, despite acknowledging the many apparent benefits of doing so.  According to Indeed’s survey of 1,000 business leaders at British small businesses, 41 percent of small firms want to integrate the technology into their business, but don’t know where to start. This paralysis means that small businesses – which make up  over 99 percent of the nation’s total businesses – are missing out on improvements to costs, efficiency and overall work satisfaction that they themselves say it can bring about, the report argues. (more…)

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