October 24, 2018
Commercial property uptake shows finance sector remains committed to London
Undeterred by political and economic headwinds in recent years, London remains a world leading financial centre and is by far the most active centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. The industry contributed £119bn to the national economy (7% of UK GDP) – half of this was generated by London, where it accounted for 14 percent of the city’s economic output.
London’s office market continues to attract occupiers and investors, despite political and economic uncertainty JLL’s recent Central London offices seminar revealed. The event highlighted the strength of the capital’s office market where Central London has seen sustained levels of both leasing and investment activity so far in 2018 and JLL anticipates that the final numbers will match, if not exceed those recorded in 2017. Take-up of offices across Central London reached 8.3m sq ft at the end of Q3 2018, with 3.1m sq ft leased in the West End and 4.5m sq ft in the City.
Two-fifths of job-seekers are being hired into new roles only to discover they have the wrong soft skills for the job. This means over half are leaving companies because their personality or work style didn’t fit, claims news research published by HireVue. The 53 percent of those who had left for this reason saying the format of the hiring process had prevented them from discovering the mismatch earlier. While four-fifths (82 percent) of candidates are confident in their ability to articulate their soft skills and personality traits in an interview, many doubt that pre-hire assessments can showcase these important attributes. 
Despite political and economic uncertainly and the aftermath of the global monetary crisis in 2008, London remains a leading global financial centre, with nearly a quarter (24 percent) of the capital’s office take-up attributed to banking and finance occupiers over the last ten years. London is by far the most active banking centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. 
The new northern home of the BBC is giving London a run for its money when it comes to siting offices for the UK’s top tech talent, with Manchester leading the way, according to 
Work/life balance, and the ability to take more annual leave, is the top priority for most European workers and 52 percent explicitly see this as an incentive for choosing certain benefits claims research from SD Worx. Employees in France (63 percent) prioritise this the most across the Europe, next is the UK, whilst workers in Austria (36 percent) and the Netherlands (32 percent) are least likely to opt for additional annual leave. Flexible working also plays a significant role in the benefits employees would choose, with home working allowances being a key factor for 21 percent of respondents and 21 percent wanting a laptop or smartphone included in their benefits package. 
More than half of CEOs (53 percent) admit they can’t find candidates with the necessary skills to help them navigate an increasingly digitalised business landscape a new survey from Robert Half has claimed. These include data analysis and digital skills, as well as softer skills such as resilience, adaptability to change and critical thinking. This means that nearly five million UK SMEs, the equivalent to four out of every five (82 percent) small and medium-sized companies, are struggling to attract the skills they need. As a result, many are being forced to offer salary packages higher than originally expected to recruit the right talent. 
October 16, 2018
Law firms are finally embracing the agile workplace
by Simon Pole • Comment, Workplace design
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