Search Results for: financial services

May 3, 2019

Take up of office space in central London strongest for six years

by Marie Hillen • Cities, Facilities management, News, Property

The first quarter of 2019 saw take-up of office space in central London at its strongest for six years, as it continues to outperform expectations. This is according to Savills, which also reports 1.16 million sq ft of new lettings being agreed in the City of London. In the West End, 42 transactions completed in March alone took total activity for Q1 2019 to 98 office lettings. In the City, there were 100 occupational deals for the year to date, of which 33 completed in March. The tech & media sector accounted for the largest share of take-up in the West End, at 25 percent, while the City benefited from a surge of serviced offices.

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April 3, 2019

London, Paris and Stockholm lead ranks of European coworking hotspots

by Neil Franklin • Coworking, News, Property

London, Paris and Stockholm are among the major cities featured in a new research report from Cushman & Wakefield (registration) into the coworking and flexible office sectors, which pinpoints future demand and the next likely growth hotspots across Europe. According to the report, coworking’s rapid expansion in recent years has quickly disrupted global office markets. The report charts the current state of the sector, the emergence of flexible working space across continental Europe and where future growth will occur. (more…)

March 22, 2019

New centre will assess potential for bias in algorithmic decision-making

by Neil Franklin • News, Technology

The potential for bias in the use of algorithms in crime and justice, financial services, recruitment and local government will be investigated by the UK government’s new Centre for Data Ethics and Innovation (CDEI). The CDEI will explore the potential for bias in existing systems and to support fairer decision-making. This may include increasing opportunities for those in the job market in existing recruitment and financial services systems. It will also explore opportunities to boost innovation in the digital economy. (more…)

March 21, 2019

Interiors are not enough to win the war for talent

by Ben Capper • Comment, Workplace design

I often refer to Google and Facebook in my blog, due to their influence on workplace design. Many consider them to be workplace interior’s holy grail. But today’s big employers are competing with one another on a much broader set of principles. Cool interiors alone just won’t cut it. Zürich, like many European cities is home to a large number of global brands, with bustling financial services and tech sectors. I regularly hear of people with multiple job offers taking a job with a lower salary, rather than accepting a role in a company that doesn’t reflect their ideals. This decision can be influenced by office design and facilities, career development options, corporate culture and much more. (more…)

March 19, 2019

Demotivated workers would be driven by higher pay and more flexibility

by Sara Bean • Flexible working, News, Workplace

Almost a third (31 percent) of UK professionals state that their expectations are ‘not being met at all’ by their current employer, whilst a further 24 percent state that their needs are only just ‘moderately’ being met. The findings, which come from research undertaken by recruiter Robert Walters and job board CV-Library – also suggest that while the amount they were paid was most important to staff, other benefits are increasingly playing a more prominent role in keeping staff motivated. Well over half (61 percent) claimed that work-life balance, flexible working hours (39 percent), and cultural fit (25 percent) are crucial to keeping them happy at work. (more…)

March 12, 2019

UK jobs boom set to end as finance and business sectors lose confidence

by Sara Bean • Cities, Facilities management, News, Workplace

The boom in the UK jobs market is coming to an end just as the Brexit countdown reaches its final stages. According to the latest ManpowerGroup Employment Outlook Survey, the national Outlook for the second quarter of 2019 has fallen to +4 percent, on a par with the weakest levels of confidence seen in recent years. More worryingly, the negative Outlook in the Business and Financial services sector – which employs nearly a fifth of all UK workers – suggests jobs are set to be lost in Britain’s most important sector. The report found that the Finance and Business Services sector has fallen five points to -1 percent, only the second time in the last decade it has been in negative territory.

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February 25, 2019

A four day week, people-watching at work, the art of AI and some other stuff

by Mark Eltringham • AI, Facilities management, Features, Technology, Wellbeing, Workplace design

While the recent Finnish pilot of universal basic income had mixed results, a trial of the other most talked about solution to our problem with work – the four day week – has been reported as far more promising. A New Zealand financial services firm called Perpetual Guardian switched its 240 staff from a five-day to a four-day week last November and maintained their pay. The results (registration) included a 20 percent rise in productivity and improved staff wellbeing and engagement.

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February 21, 2019

SMEs intend to increase their headcount by over a fifth this year

by Sara Bean • Legal news, News, Workplace

SMEs intend to grow their headcount by over a fifth this year

Although official figures from the ONS show a decline in consumer spending throughout much of 2018, optimism amongst small businesses remains high, with UK SMEs hoping to grow their headcount by an average of 21 percent over the next 12 months. The new research from Opus Energy claims that half (51 percent) intend to grow their business in terms of people, with some even predicting they’ll increase their workforce by 50 percent. IT (39 percent), health (33 percent) and financial services (28 percent) were the sectors expecting the most growth. Even in the worst affected sectors, growth was still predicted. Half (50 percent) of retailers still expected to grow in 2019, at an average of 19 percent. 65 percent of food and beverage producers predicted an average headcount increase of 18 percent and 69 percent of manufacturers expected to grow at an average of 14 percent; despite facing the uncertainty of Brexit and the “death of the high street”.

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February 20, 2019

Employers have a poor understanding of what actually motivates their employees

by Sara Bean • News, Workplace

Almost half of companies (45 percent) still believe that an attractive salary and package is what motivates their workforce, despite the fact that employees cite ‘soft benefits’ such a flexi-working, work-life balance, and ‘being valued’ as key to feeling fulfilled in their job role. The findings come from recent research ‘Meeting demands through the job offering’, by recruiter Robert Walters and job board CV-Library that highlight the disparity between what employees want and what companies are offering to staff. While 60 percent of professionals’ state career development as an important part of a job offering, less than 10 percent of companies believe that a lack of career progression and development would be a key reason for losing talent. The report also found that although companies claim that ‘staff being stuck in their ways’ is the main reason behind the lack of quality applicants, over 40 percent of professionals state that they would be willing to take up a role in another field where skills would be transferable, or work in a new sector to broaden their skills.

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February 14, 2019

UK cyber threat intensifies within both the private and public sector

by Sara Bean • Facilities management, News, Public Sector, Technology, Workplace

The UK’s cyber threat environment is intensifying, with over three quarters (88 percent) of organisations reporting they’d experienced a cyber breach in the last 12 months. The UK Threat Report from Carbon Black also claims attacks are growing in volume and the average number of breaches has increased. The average number of breaches per organisation over the past year was 3.67 and 87 percent of organisations saw an increase in attack volumes. In addition, 89 percent of organisations say attacks have become more sophisticated.

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February 13, 2019

Organisational innovation being stymied by lack of senior support

by Sara Bean • AI, News, Technology, Workplace

A lack of senior stakeholder support is the greatest inhibitor of change, new research suggests as despite considerable enthusiasm to innovate, organisations are being thwarted by tight resources and strong internal resistance. The data commissioned by KCOM found that organisations are also limiting themselves by turning away the specialist skills and experience that could help them advance, through overly predictive procurement processes. They are however, eager to be more competitive, which is why organisations are making big investments in innovation projects. Almost half (43 percent) consider driving digital transformation to improve competitive advantage to be their top priority in the next year. A further 32 percent are allocating at least 20 percent of their IT budget to new projects. Both public and private sector organisations are also taking an increasingly people-centric approach to digital transformation. In the next year, 80 percent said they would incentivise staff retention through training, accreditation and career development to deliver on their innovation strategy. This is compared to 71 percent who said they would do so by investing in new technologies.

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February 1, 2019

Are these the 2019 Top Employers to work for in the UK

by Neil Franklin • Company news, Wellbeing, Workplace

The Top Employers Institute, a certifier recognising employers that provide world-class employee conditions, has released its list of Certified UK Top Employers for 2019. Over 600 HR professionals gathered at London’s Hilton on Park Lane, on the 31st January 2019, to recognise the best employers in the UK. (more…)