September 24, 2021
Eighteen months since nationwide shutdowns, the global surge in COVID-19 cases is exacerbating the onset of virtual fatigue for many employees according to JLL. The new “How Regenerative Workplaces Can Restore Employee Wellbeing” report explores opportunities for companies to redefine what employee wellbeing looks like and achieve organisational resilience through the physical workplace. More →
September 23, 2021
One in five employers (22 percent) have made changes to employees’ terms and conditions of employment between March 2020 and July 2021, according to new research from the CIPD. The most common changes were to location of work (49 percent), followed by hours of work (47 percent) and pay levels (44 percent), redundancy/terms pay (22 percent) and access to enhanced contractual entitlements/incentives (20 percent). More →
September 21, 2021
Predicting behaviours in the commercial property market is never an easy thing, yet we know that the pandemic has drastically altered this market. Whilst some players have advocated ‘the end is nigh’ for all office space, research shows a different picture emerging – namely the office space as we know it is evolving into something different. The impact of prolonged uncertainty has fuelled change. However, there are other forces at work shaping a brighter and more varied future for office space. More →
September 20, 2021
Scotland is to become the latest nation to trial a four-day working week, after the SNP government announced it was setting up a £10 million fund to enable some office businesses to cut workers’ hours without reducing their pay. Similar trials are underway in Ireland and Spain, following on from trials in Iceland several years ago. Some firms have also been experimenting with a four day week, while other nations such as Japan are encouraging their employers to think about it too. More →
September 17, 2021
New research into workplace discrimination, commissioned by CIPHR, claims just how widespread employment bias is in the UK. On average, one in six people (16 percent) report having suffered ageism, one in ten (10 percent) say they have been the subject of gender-based discrimination (12 percent of women and 7 percent of men), and around one in twelve feel that they have been on the receiving end of prejudicial treatment because of a disability, their race or sexual orientation (9 percent, 9 percent and 8 percent respectively), at some point in their careers. More →
September 16, 2021
Office occupancy rates have hit their highest levels since March 2020, according to Freespace. The data from sensors already highlights an eight percent increase in the number of offices returning to work in the first fortnight of September compared to the entire month of August. Furthermore, the use of all space types within the office have also increased giving a sense that some normality is returning to the workplace. More →
September 15, 2021
More than two-thirds (70 percent) of UK businesses have been the victim of a successful network security attack in the last year, and 65 percent have been the victim of at least one ransomware attack in the last 12 months, according to new research from Barracuda Networks. More →
September 14, 2021
New ways of working will boost UK productivity and increase employment levels in cities outside of London, according to a new report from KPMG. And as businesses in some sectors prepare for employees to spend two to three days a week working from home on a permanent basis, demand for office space could see capacity potentially increase by as much as 40 percent, according to a new KPMG report, New working patterns and the transformation of UK business landscape.
The increased availability of office space in major business hubs is expected to attract businesses from smaller areas to fill up the vacant space, with cities like Manchester, Bristol, Glasgow, Leeds and Birmingham set to see employment rise by 5-10 percent as a result. This will have a significant knock on effect for demand for office space.
Areas in central London are also expected to benefit, as well as smaller towns and cities with a large proportion of the workforce working partially from home. Meanwhile, less dense business areas could see a decline in employment and may need to be transformed into more residential, leisure, retail and other uses.
As the business landscape consolidates, KPMG analysis also claims the change could boost overall UK labour productivity by 0.5 percent, thanks to businesses being able to tap into a larger pool of workers, suppliers, and clients.
Yael Selfin, Chief Economist at KPMG UK, commented on the report: “As we emerge from the pandemic, businesses need to adapt to the new environment they will be facing. Some may choose to relocate to larger business hubs to boost profitability, while others in less central areas could see their local customer base profile change. While the overall impact on the UK economy is expected to be positive, the changes ahead could prove challenging for those businesses already saddled by the pandemic.”
The report examines how local high streets in residential towns and neighbourhoods are expected to reap the benefits of greater homeworking through increased demand by residents during the week. But the impact on high streets across the UK is unlikely to be uniform. Some places may be hit relatively hard by the loss of office workers due to their proximity to a larger business hub, which may be compounded by the loss of commuter footfall among remaining employees due to the prevalence of working from home.
Yael Selfin added: “As people spend more time working from home and less time in the office, we could see a revival of the local high street.
“They will need to transform into places of purpose to meet demand for community-based services, hospitality, culture, as well as retail. High street offering in smaller towns and cities may need to become more focused on residents’ needs and less focused on businesses and commuters.
“This transformation will require local government, residents and businesses to work together to map their future shape and make concrete plans to support and enable the necessary changes to make the most of the new post-Covid business reality.”
Chris Hearld, Head of Regions at KPMG UK, commented: “Over time, a shift in business location could support the rise of several major business hubs across the UK. An increase in the concentration of businesses and workers has the potential to make those businesses located there more productive and enable these areas to serve as the engines of economic growth. This should also support the Government’s Levelling Up agenda. Cities like Manchester, Leeds, Birmingham, and Newcastle stand to benefit from such a consolidation of business locations. For this to happen they will need government to work closely with local leaders to ensure the transition is smooth and any barriers to growth are quickly ironed out.”
September 10, 2021
I recently stumbled upon the phrase epistemic trespass, which describes the phenomenon of people making judgements in fields in which they have no expertise. I came across it as it was used to explain the sudden explosion of opinions about Afghanistan from a hitherto unknown horde of experts. Which may or may not be the same horde that has been so very certain about immunology and public health during the pandemic. It’s an old idea and one that needs to be treated with care, for reasons set out by Noah Smith here. But it is useful in some ways because we all recognise the phenomenon and how social media amplifies it. More →
September 6, 2021
As businesses in the UK prepare to open their office doors en masse in the first week of September, new research reveals that office workers have got that back-to-school excitement and are feeling largely positive about the transition. Recruitment firm Michael Page questioned over 2,000 UK office workers on their attitudes to returning to the office and found that after eighteen months at home, around half claim to be ‘excited’ or ‘happy’ to spend more time in the office with their colleagues. Reminiscent of the first day back at school, almost three in ten (28 percent) said that they had picked out their outfit and packed their bag ahead of their first day back in the office. More →
September 3, 2021
CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business, according to the latest KPMG CEO Outlook Survey. Despite a slower ‘return to normal’ than expected, their confidence in the global economy has returned to levels not seen since the start of the pandemic. The number planning to reduce their office footprints has fallen dramatically since the height of the pandemic, and instead there is a growing focus on introducing flexible working cultures. More →
September 23, 2021
Resilient companies need the trust of their employees more than ever
by Kate Field • Comment, Workplace