Search Results for: economy

October 2, 2016

Apple HQ + Limits of workplace design + Workplace effectiveness ⁰

by Sara Bean • Facilities management, Flexible working, Newsletter, Wellbeing, Workplace, Workplace design

In this week’s Newsletter; Tim Oldman argues that businesses are failing to understand the basis of workplace effectiveness; Mark Eltringham looks at ways of using workplace design to influence the feelings and behaviour of others; and takes part in a podcast with Hari Kalymnios, author, trainer and Leadership Speaker at The Thought Gym. HSBC moves 300 staff into a coworking space in Hong Kong; Apple reveals it is to occupy the redeveloped Battersea Power Station and post-Brexit employment levels maintained by the growing gig economy. The global introduction of sustainable building regulations remains slow; the UK’s commercial property market remains robust in the wake of the vote to leave the European Union; and evidence that offering flexible working to Mums could boast the economy by billions. Download our new Briefing, produced in partnership with Boss Design on the link between culture and workplace strategy and design; visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

September 29, 2016

Worldwide progress in creating sustainable building regulations is slow ⁰

by Sara Bean • Cities, Environment, Facilities management, News, Property

The level of transparency in the reporting of the environmental performance of commercial real estate is growing across the world, but the pace of new sustainable building regulations remains slow. That is the key finding of JLL’s Real Estate Environmental Sustainability Index, which measures the availability of a range of environmental transparency tools in 37 countries. Whilst 17 countries have improved their overall scores since the last survey two years ago, 13 have remained static and three have declined. Half of all country index improvements have been driven by the introduction of voluntary minimum energy efficiency standards for existing buildings. This year France topped the Index for the first time, thanks to the consistent roll-out of mandates to transition to a low carbon economy. Japan has moved up from the transparent group to join France, Australia and the UK in the highly transparent group.

September 28, 2016

UK commercial property market ‘back to normal’ after Brexit vote ⁰

by Mark Eltringham • Cities, News, Property

The UK’s commercial property market remains robust in the wake of the vote to leave the European Union, although a weaker economic outlook may see some prices dip over the next two years, ratings agency Moody’s claims in a new report. The news comes as commercial property fund Standard Life announced that it has reopened trading, which was suspended in the immediate aftermath of the Brexit vote. Moody’s said that the June 23 vote still has the potential to create significant uncertainty in the longer term, but that the fundamentals underpinning the UK commercial property market remain sound. Much will depend on the country’s broader economic prospects, Moody’s claims. If unemployment remains low and jobs growth continues, these two factors will do much to maintain demand for both domestic and commercial property although London’s market may be affected even if the national economy is robust, as firms may choose to relocate anyway.

September 27, 2016

Nearly all UK cities lagging behind European average for productivity ⁰

by Mark Eltringham • Cities, News, Property, Public Sector, Technology

The UK’s major cities are lagging behind their European competitors in terms of skills, innovation and productivity, claims a new report from the Centre for Cities think tank. In Competing with the Continent, the authors argue that the onus is on the UK to come up to speed with the 330 cities covered in the report, especially if they want to compete in the new post Brexit European landscape. However, the report notes that the UK has a number of existing, structural advantages over other countries. UK cities generate around a fifth of Europe’s total economic output and contribute more to the national economy than cities in other countries. Major British cities contribute 60 percent of national GDP, compared to just 36 percent in Germany and 32 percent in Italy. The report shows that UK cities lag behind on a range of indicators including skills, innovation and productivity and a number have an industrial mix that has more in common with cities in Eastern Europe than those in the West.

September 27, 2016

Businesses failing to look at workplace effectiveness in the right way ⁰

by Tim Oldman • Comment, Facilities management, Property, Workplace design

This month, the director-general of the Confederation of British Industry (CBI), Carolyn Fairbairn, suggested that productivity growth across all parts of the UK economy should be the number one priority for business and government. And the CBI isn’t alone in emphasising the importance of honing in on and tackling the ongoing productivity problem. According to the Organisation for Economic Co-operation and Development’s (OECD) economic forecast summary, published earlier this summer, productivity has been exceptionally weak since 2007 and doesn’t show much sign of abating nearly ten years later. Labour productivity per employee has failed to markedly rise since the global downturn and the UK is still miles behind the G7 average – that’s according to the Office for National Statistics (ONS) quarterly figures and CBI data. So, to echo Fairbairn, reviving British productivity is essential to sustain growth and living standards.

September 27, 2016

CEOs remain confident post Brexit but may consider relocating offices out of UK ⁰

by Mark Eltringham • News, Property

Despite largely voting to remain in the EU, the Brexit vote hasn’t dampened the short or long term confidence of UK CEOs. It has however raised a question mark over the UK’s ability to do business and, as a result, many are putting together contingencies including the possible relocating offices or operations, according to KPMG’s first ‘100 UK CEOs’ survey. The survey of CEOs from companies with revenues ranged between £100 million and £1bn found that, both in the short term (the next year) and the medium term (the next three years), the majority are confident about the future growth of the country, the global economy and their own businesses. However, over half believe the UK’s ability to do effective business will be hindered after leaving the EU. The majority of CEOs felt that a division in society between ‘big business’ and the general public contributed to the EU referendum result, including over a third who believed this ‘to a great extent’.

September 23, 2016

Tech laggards risk losing employees, claims Future Workforce Study ⁰

by Mark Eltringham • Flexible working, News, Technology

Dell has unveiled the European and South African findings from the Dell and Intel Future Workforce Study, which identifies the global technology trends shaping the modern workplace. The results show that almost half of employees in these regions believe their current employer is not effectively making use of the latest technology advances. The 2016 Future Workforce Study, conducted by research firm PSB, polled nearly 4,000 full-time employees from small, medium and large businesses in 10 countries. Of those polled in the UK, Germany, France and South Africa, many do not believe that they will be working in a smart office within the next five years and perceived their current workplace technology as lagging behind personal devices on innovation. With the research showing that the influx of new technology is having a significant impact on what workers expect from their employer, workplaces which don’t enact these new advances may be left behind.

September 16, 2016

Career advancement opportunities help attract and retain staff ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

Three in 10 US employees say they are likely to leave their employer within the next two years as employers continue to experience difficulty with attracting and retaining staff. According to the Global Talent Management and Rewards Survey, from Willis Towers Watson roughly half of employers are experiencing difficulty attracting critical-skill employees, top performers and high-potential employees. More than a third of respondents reported challenges in retaining high-potential employees (37 percent), top performers (36 percent) and critical-skill employees (35 percent). The firm’s Global Workforce Study identified advancement opportunities as key. Over a third (36 percent) cited opportunities to advance as a key reason to join a company and to leave (45 percent). However, only four in 10 (41 percent) indicated their employer does a good job of providing advancement opportunities, while nearly half (47 percent) said they would need to leave their organisation to progress.

September 14, 2016

New alliance aims to help eradicate maternity discrimination at work ⁰

by Sara Bean • Flexible working, Legal news, News, Wellbeing, Workplace

A new alliance between leading businesses and the Equality and Human Rights Commission is being launched today to combat the level of pregnancy and maternity discrimination that affects around 390,000 pregnant women and new mothers each year. A coalition of businesses in the initiative ‘Working Forward – supporting pregnancy and maternity rights’, aims to inspire other organisations to follow their example by working to eradicate discrimination from their businesses and show employers how to attract, develop and retain women at work. The launch follows the EHRC’s recent landmark research, carried out in conjunction with the former Department from Business, Innovation and Skills which highlighted that while the majority of employers say they are firm supporters of female staff during and after pregnancy and find it easy to comply with the law, three in four (77 percent) mothers say they have had a negative or possibly discriminatory experience at work.

September 14, 2016

Calls to improve London’s transport infrastructure in Brexit negotiations ⁰

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

London’s property sector has been resilient following the EU referendum, with commercial property rents remaining strong over the summer, though over the next few months the overall direction of the market is likely to become clearer. This is according to the latest CBI/CBRE London Business Survey, which has found that businesses want the city’s mayor to play a leading role in influencing Brexit negotiations, particularly in driving improvements to the city’s transport infrastructure. Two thirds (67 percent) wish to see upgrades to the existing London Underground network, whilst over a half (55 percent) want a commitment from City Hall to start building Crossrail 2 and one third (31 percent) hope for greater investment in the capital’s road network. Unsurprisingly, uncertainty over the UK’s role in the EU is the most significant cause for concern (75 percent of firms), followed by retaining the best people for the job (49 percent) and a lack of appropriately skilled staff (44 percent).

September 13, 2016

The future of London depends on cohesion, flexible working and infrastructure ⁰

by Mark Eltringham • Cities, Features, News, Products, Technology

The future of London is the subject of a new and wide ranging collection of essays from Think Tank Localis. It includes contributions from the likes of Boris Johnson, Terry Farrell, Peter Bazalgette and Justine Roberts. Its core theme is that while London has established itself as one of the world’s great financial and cultural powerhouses over the last thirty years, it now faces a number of new challenges and intransigent problems that it must address in a new globalised era. These have taken on a new perspective as the UK prepares to negotiate a new relationship with the EU, something which the report repeats was not the choice of Londoners, but which did perhaps reveal a neglect of the rest of the UK as the Government focused too much attention and investment on the capital. So, while the report focuses on London it also tries to create a vision of a London better integrated with the needs of the rest of the UK and based on a new partnership with the EU.

September 13, 2016

How climate change may be affecting us in more ways than we suppose ⁰

by Mark Eltringham • Company news, Facilities management, Knowledge, News, Wellbeing

Just how affected we all are by what is going on in our surroundings is confirmed by a new academic studies which links the environment to to our moods, physical wellbeing and performance. Although we are increasingly aware of the impact the working environment has on our productivity and wellbeing, the new study from researchers at Pacific Northwest National Laboratory’s Joint Global Change Research Institute suggests we are more influenced by the global environment and climate than we might suppose. The meta-analysis of over 200 papers published in Science magazine concludes that while climate change concerns are largely focussed on its long term and worldwide effects, we should also pay attention to the effects over the short term and at local level because of the impact on individuals, businesses, society and the national economy. As well as slowing the global economy by 0.25 percent each year, it also has a profound additional effect at local levels.