November 10, 2022

BDP reports on successful year for the design firm

by Freddie Steele • Company news, Works Magazine

BDP has published its results for the financial year ended 30 June 2022. The practice achieved revenues of £136.6m and an operating profit of £13.2m. The multidisciplinary practice won a number of prestigious projects in the financial year and expanded into new locations by establishing new presences in New York, Lima and Edinburgh to create a network of integrated, collaborative studios with global reach. The organisation’s employee numbers have also returned to pre-pandemic levels as it welcomed talented people back to its workplaces across the globe. More →

November 10, 2022

Summing up where the office now stands in the scheme of things

by Mark Eltringham • Comment, Flexible working

The argument about what it takes to encourage people to come into the office more often seems to have boiled down to an equation. It’s now common to hear somebody argue that the office has to be worth the commute it takes to get to it. So, if you want people to spend more time in the building, you need to do the maths. O must be greater than or equal to C More →

November 9, 2022

Workplace wellbeing remains a neglected issue for many firms

by Freddie Steele • News, Wellbeing

Two in five businesses have either cut or maintained workplace wellbeing budgets despite growing pressures on their staff, according to a new report. Faced with stressors such as the cost-of-living crisis, political uncertainty, and the ‘return to work’ post-Covid, just 16 percent of directors and risk practitioners said their wellbeing budgets had seen a significant increase. Around 40 percent of businesses had increased their budgets slightly to tackle issues such as mental, physical, financial health, organisational vision, values, culture and working standards, according to the poll by Deloitte, the International Institute of Risk and Safety Management (IIRSM) and the Institute of Directors (IoD). More →

November 4, 2022

Corporate real estate sector facing up to tough year ahead

by Neil Franklin • News, Property

Corporate real estate business confidence and expectations of profitability have dropped to a low level, reflecting widespread industry concerns across an array of indicators for the business, political and real estate environments. Emerging Trends in Real Estate Europe 2023 is the twentieth annual survey by the Urban Land Institute (ULI) and PwC UK of European real estate sector leaders’ expectations for the year ahead. Based on the views of around 900 real estate leaders from across Europe, the report claims that 91 percent concerned about inflation, closely followed by interest rate movements (89 percent) and European economic growth (88 percent). Political uncertainty at the global, regional and national levels are of high concern as well. More →

November 3, 2022

Ethical organisations can pave the way to hell with their good intentions

by Neil Franklin • Business, News

Despite the growing focus for more ethical investment and management styles, a new paper from Rotterdam School of Management, Erasmus University (RSM) claims to have uncovered eight unethical effects that can ‘sneak in’, even when organisations are doing their best to act ethically. In his research Muel Kaptein, Professor of Business Ethics and Integrity Management, has looked at how even ostensibly ethical organisations can sometimes facilitate unethical behaviour. More →

November 3, 2022

Bisley gifts staff over half of company in legacy move

by Freddie Steele • Company news

Bisley’s CEO, Richard Costin has announced that Anthony Brown, the owner of Newport based office furniture designer and manufacturing firm, Bisley, has established an Employee Ownership Trust (EOT), gifting the employees 51 percent of the shares in the firm. Since joining Bisley in February 2020, Richard has been working closely with Mr Brown, regarding the business succession plan and the long-term future of Bisley and its employees. More →

October 17, 2022

Working habits are changing in response to cost of living increases

by Jayne Smith • Flexible working, News, Workplace

The so-called cost of living crisis is having a fundamental impact on people’s working habits, according to Beamery’s latest Talent Index – Sixth Edition. Almost a third (29 percent) of workers polled for the report are now avoiding the office because of the increasing cost of travel whilst another third cited (31 percent) they were considering leaving their jobs completely due to lack of salary increases. More →

October 13, 2022

Transparency and collaboration key to real estate decarbonisation

by Neil Franklin • Environment, News, Property

The Urban Land Institute (ULI) has warned of a ‘carbon bubble’ in the pricing of European real estate and urged the industry to work together to preserve values across the sector as it aims to meet the decarbonisation targets set in the Paris Agreement. To support a more collaborative approach, at the inaugural ULI C Change Summit, the institute has published its Transition Risk Assessment Consultation Guidelines as part of its C Change programme. These guidelines set out a standardised method for assessing the costs of decarbonising buildings and disclosing between owners, investors, potential buyers, and valuers the main transition risks and impact on values. More →

October 5, 2022

Younger workers tend to rely on the office more

by Neil Franklin • Flexible working, News, Wellbeing

A new poll claims that people belonging to “Gen Z” rely heavily on the professional and social structure of the office, with 78 percent finding it easier to bond with colleagues in the workplace and 81 percent feeling disconnected from their peers when working from home. The survey of 3,000 people, from Unispace, claims that the majority (79 percent) of younger workers felt more active when working in the office, while among older workers this figure is 66 percent. More →

September 28, 2022

Work is more visible to managers when people are in the physical workplace

by Neil Franklin • Flexible working, News, Wellbeing

Although workers think that their work location doesn’t matter, a new poll suggests that their bosses don’t agree. In the poll of US employees from workplace platform Envoy, 96 percent of respondents described as leaders say they take more notice of people’s work contributions when they are in the office. Just 42 percent of respondents described as employees agree. Gen Z employees, more than any other generation, value workplace visibility, with 73 percent believing their contributions are noticed more in-office than at home. Only 64 percent of Millennials, 53 percent of Gen X, and 45 percent of Boomers feel the same. Among executives, women are more likely than men to recognise work and contributions accomplished from home. More →

September 27, 2022

Corporate change forces managers to juggle different views of fairness

by Neil Franklin • Business, News

Middle managers get caught between different stakeholders’ perceptions of fair treatment in reaction to corporate change programmes, claims new research from Aalto University School of Business and published in the Journal of Business Ethics. According to Associate Professor Marjo-Riitta Diehl, from the Department of Management Studies, and her co-authors, these managers can often experience uncertainty, anxiety, and reluctance to take action as a result. The research was based on two rounds of interviews with managers in the German branch of an international company shortly before and after restructuring changes. More →

September 27, 2022

Skills shortages won’t be solved by offering people more money

by Neil Franklin • News, Workplace

As businesses across the country face rising costs, new research from the CIPD and Omni warns that using pay to attract talent simply isn’t enough to tackle on-going skills shortages. While an increasing number of organisations (54 percent) are inflating pay to retain talent, this approach is not sustainable for most employers in the face of rising costs. To tackle the skills shortage, organisations need to highlight other components of good working practices when recruiting, such as offering flexible working and promoting career development opportunities. For instance, the latest Resourcing and Talent Planning survey shows that 68 percent of employers that offer hybrid/ remote working say it has allowed their organisation to attract and retain more talent. More →