Search Results for: employees

The effects of workplace change may not be the ones we expect

The effects of workplace change may not be the ones we expect

by • Comment, Flexible working, Wellbeing

There’s a scene in the 1986 horror movie The Fly in which Seth Brundle (Jeff Goldblum) persuades the reporter Veronica Quaife (Geena Davis) to try two steaks, one of which Brundle has just sent between two teleportation pods in an effort to work out why the pods can’t process organic matter, including the organic matter that had recently belonged to a very unfortunate baboon. More →

Half of large office occupiers plan to rethink their property requirements

Half of large office occupiers plan to rethink their property requirements

by • News, Property

PWC officeLarger office occupiers are getting to grips with the fallout following the pandemic and are now reassessing their office property needs, according to a new YouGov survey commissioned by law firm Irwin Mitchell. The survey of over 500 office property decision makers shows that nearly half (46 percent) of large businesses and (39 percent) of medium sized companies plan to rethink their office space- whether by upsizing, downsizing, or relocating. The survey shows that one in five large businesses plan to increase their existing office space, with the same proportion looking to reduce space and 5 percent to relocate. In addition, 11 percent are looking to reconfigure their existing space. While 37 percent plan to stay the same. More →

Office costs creep up, but not because of higher rents

Office costs creep up, but not because of higher rents

by • News, Property

office costs riseHigher fit-out costs and service charge growth, not rent rises are set to increase office occupier costs in 2022, claims a new report. Savills analysis of Q1 22 Prime Office Costs (SPOC) in global markets around the world has shown that higher fit-out costs, reflecting material and labour cost inflation, are beginning to creep through in some office markets. While overall there has been no movement in the position of cities in the rankings since the end of 2021, says Savills, some markets are experiencing rising costs in fitting out space and increased service charges. According to Savills this trend is most evident in Chinese cities, Kuala Lumpur, and in North American cities at the moment, but other markets across the globe are set to follow suit in the coming quarters.

Jeremy Bates, head of EMEA occupational markets at Savills, comments: “From higher prices for raw materials to increasing labour costs to keep up with rising inflation, it’s likely that most office occupiers will have to pay more to rent and fit-out their space in global cities this year.

“Whilst rent is the usual indicator of increasing cost, service charge rises and higher capital expenditure will represent the largest contributions towards increased occupier costs in the coming quarters. Even in markets where landlords tend to pay for fit-outs, these costs will eventually be passed on to occupiers later in the form of higher rents. Nonetheless, for many office occupiers the expense is unlikely to deter them from selecting top quality spaces in prime central business districts to attract and retain talent, although they are carrying out extensive data gathering exercises on how employees are using space before making decisions on exactly how much to take.”

Savills says that overall headline rents have, on average, remained flat in local currencies and the increasing additional costs have yet to appear across many markets, according to the international real estate advisor, with fluctuating exchange rates due to increased uncertainty producing the appearance of declining costs for many markets in Dollar terms during the first quarter of 2022, while in local currencies they have broadly remained consistent with Q4 2021.

Experimentation is the name of the game

Experimentation is the name of the game

by • Comment, Facilities management, Flexible working, Workplace design

Uncertain times call for different measures and approaches, the old rules and playbooks are no longer applicable – so what are you going to do? Sit around, stagnate, hanker after old solutions trying to manipulate and squeeze them into new, unknowable, untried paradigms? No! One thing human beings are fairly good at is evolving and adapting to new and unknown situations and as we all know, being flexible and  accepting change creates resilience and ensures survival. More →

Facilities Managers should be seen as stewards of corporate culture

Facilities Managers should be seen as stewards of corporate culture

by • Comment, Facilities management

hybrid working facilities managersThe pandemic has irrevocably changed the way we work. Once considered a place simply to do business, the office is fast becoming a ‘lifestyle choice’ among young people who value more than just a desk. Instead, they want an engaging, healthy, and resilient working environment where they can socialise, make friends, and build connections to help their career and wellbeing thrive. In fact, an EY study found that 90 percent of Generation-Z value the human connection in the workplace above salary when it comes to their at-work communication. A recent Gallup survey even found a tangible link between having a best friend at work and productivity: those who have a best friend in the office are twice as likely to be engaged in their role and company. More →

The Metaverse in the workplace: Meta’s wobble may affect how we use emerging technologies

The Metaverse in the workplace: Meta’s wobble may affect how we use emerging technologies

by • Comment, Technology

metaverse at workThere has been much talk over the past two years of the adoption of hybrid working for elephant-in-the-room reasons and it is now the case that the practice is being widely adopted by many organisations. Knocking at our office doors now is the next big talking point in terms of technology: the Metaverse. There has been much speculation recently on how this collective, virtual open space, which incorporates environments including those in which to shop, learn, be entertained and, of course, work, will evolve. It has been described as the ‘next chapter of the Internet’ and is created by the convergence of virtually enhanced physical and digital reality. More →

Structural and cultural change are what we need to escape the wellbeing rut

Structural and cultural change are what we need to escape the wellbeing rut

by • Comment, Flexible working, Wellbeing

wellbeing at workWellbeing has been one of the largest challenges to the UK workforce over the last several years. A recent study by the Mental Health Foundation and the London School of Economics and Political Science (LSE), states that mental health problems cost the UK economy at least £117.9 billion every year – around 5 percent of the UK’s GDP. Companies recognise the urgency to help: British employers planned to increase spending on employee mental health and wellbeing by 18 percent from 2021 to 2022. But the long and short of the issue is that this progress is being outpaced by accelerating burnout rates among workers. More →

Attendance bonuses actually increase employee absence, claims new research

Attendance bonuses actually increase employee absence, claims new research

by • News, Workplace

paradox of attendance bonusesOffering employees a monetary bonus for good attendance actually has the opposite desired effect, increasing employee absence, finds new research from Frankfurt School of Finance and Management. Monetary incentives are widely used to align employee actions with employer objectives. Timo Vogelsang, Assistant Professor from Frankfurt School, and colleagues from the University of Cologne investigated the impact of attendance bonuses on employee absenteeism. More →

Firms are failing to meet the needs of hybrid workers

Firms are failing to meet the needs of hybrid workers

by • Flexible working, News

hybrid workersA survey of UK employers and employees gives insight into the lack of provision for remote and hybrid workers to carry out their roles. While just over half (56 percent) of employers admit they regularly check in with all employees to enquire about their health and wellbeing and 55 percent provide laptops, 73 percent of employees are ready to choose their next employer based on physical, health and wellbeing support and flexible technology provision. More →

Hybrid working burnout is inevitable, say third of workers

Hybrid working burnout is inevitable, say third of workers

by • Flexible working, News, Wellbeing

hybrid working burnoutOver one in three (36 percent) UK workers believe burnout is an inevitable part of their career, according to new data based on 2,000 UK knowledge workers. The figure, which rises to 41 percent of managers was noted by UK workers as a natural part of career progression by those who had experienced it. UK employees are feeling isolated at home when part of a hybrid working culture and they’re struggling to balance priorities and establish clear boundaries. More →

Wellbeing and mental health drop down business agenda, despite COVID fallout

Wellbeing and mental health drop down business agenda, despite COVID fallout

by • News, Wellbeing, Workplace

wellbeing at workWellbeing and mental health are beginning to slip down the business agenda, a new report from the CIPD and Simplyhealth claims, despite the fact that organisations are still dealing with the fallout from COVID-19 and it remains an on-going concern for workers.  The Health and Wellbeing at Work 2022 report suggests that the number of HR professionals who think that wellbeing is on the agenda of senior leaders has fallen from 75 percent to 70 percent in the past year. There has also been a drop in the proportion of HR professionals who think senior leaders encourage a focus on mental wellbeing through their actions and behaviours, falling from 48 percent in 2021 to 42 percent in 2022. More →

Flexible working could open up workplace to 1.3 million people

Flexible working could open up workplace to 1.3 million people

by • Flexible working, News

flexible workingGreater workplace flexibility could help open up new employment opportunities for 1.3 million people in the UK with disabilities, caring responsibilities, and those based in rural locations, according to a new study from LinkedIn. For those who may struggle to commute or work regular hours, the opportunity to work from home or enjoy flexible working options has the potential to improve workforce inclusion while adding a potential £40 billion to GDP. More →

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