Search Results for: business

March 4, 2016

World cities are victims of own success as high costs price out businesses ⁰

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

The two highest ranking global cities in the world, London and New York (as measured in the A.T. Kearney Global Cities Index), are also the most expensive for businesses and workers to occupy. According to Savills latest Live/Work Index, which measures the combined cost of residential and office rental per person per year across leading world class cities, the cost of accommodating an employee in London (US$112,800) is more than double that of Sydney, ($49,500). The average total cost of accommodation per worker, per year in the 20 cities that were measured is US$56,855, in a list that includes established world cities and some dynamic up and coming rivals, dubbed “upstarts” by Savills. The rise of the digital economy has pushed these smaller cities, such as Berlin (population 4.3 million) and Dublin (1.7 million) into the realm of world class city status; with San Francisco seeing the greatest price rise over 2015, up by 13 percent, compared to a 9 percent fall in Moscow and Rio de Janeiro.

February 11, 2016

Majority of UK’s small businesses would opt for coworking spaces ⁰

by Sara Bean • Flexible working, News, Property, Workplace design

Almost three quarters (72 percent) of small businesses in the UK believe coworking spaces are the ideal environment to base a start-up. Although the research was carried out by Regus, which happens to provide just that sort of workspace, the research did detect some strong preferences from small businesses that suggests sharing office space is the best solution for fledgling firms to thrive. When asked about the benefits of coworking compared to other workspace options, more than eight in ten respondents (83%) from the research, which canvassed the opinions of over 2,600 UK-based small companies, claimed it was a much more cost-effective alternative to a fixed office. The opportunity to meet other entrepreneurs (70 percent) was also identified as a major plus point, with 63 percent believing that shared space provides more inspiration than a traditional office setting and 61 percent saying that this kind of workplace offered a more creative environment that regular offices.

January 18, 2016

Managerial fairness key to successful business change, claims report ⁰

by Mark Eltringham • Knowledge, News, Wellbeing, Workplace

Managers are underestimating the impact they have on their workforce during a period of organisational change, according to a study from EMLYON Business School authored by associate professor Tessa Melkonian. The study claims that employees are more likely to cooperate in the process of a disruptive change if the management is seen to be fair in their treatment of staff. This will increase employees’ willingness to cooperate in long-term transitions and work harder to support the process. Over 600 interviews in 10 countries and thousands of questionnaires were carried out to gauge employee satisfaction and willingness to cooperate with change following the merger of KLM and Air France. During the interviews employees revealed they were more inclined to back change because of the example set by their CEO. Leading from the front remained a strong influence two years into the transition.

December 16, 2015

Lack of childcare common reason for staff absences in small businesses ⁰

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

A new survey has found that a lack of childcare is a common reason for employee absence amongst SME employers, many of whom remain none the wiser as their absent member of staff prefers to ring in sick. The survey of 500 UK SME employees conducted by digital group risk insurer Ellipse, found that 22 percent have had to take a day off to look after their sick child, even when they are well themselves. It comes as the top reason for UK employees calling in sick with a further 6 per cent admitting to taking a day off to care for an elderly relative. With 24 per cent of employees believing that their employer doesn’t know about every sick day they’d taken, this suggests that employers are likely to be missing absence traits. This hypothesis is supported by a separate Ellipse survey of 250 SME managers, where 32 percent of employers admitted they don’t have a good enough process for recording absence.

November 16, 2015

People and businesses remain unprepared for next wave of technology ⁰

by Mark Eltringham • News, Technology, Workplace

The attitudes of businesses, public sector employers and people to the next wave of technological change remains a tangled and sometimes conflicting mishmash of fear, uncertainty and indifference according to three new reports. According to a new study published by Vodafone and YouGov, while businesses are aware of their need to keep pace with technological developments, around half doubt they will be able to keep up over the next five years. Meanwhile, a study from marketing technology firm Rocket Fuel claims that British people are broadly aware what is meant by artificial intelligence and many feel it will have a positive impact on their lives, especially millennials. However, another study from jobsite Indeed claims that a fifth of young people are unaware of the idea of automation and its potential impact on the jobs market and around half don’t even consider it when making their career choices.

November 9, 2015

Business success is progressively less related to employment levels ⁰

by Mark Eltringham • Comment, Technology, Workplace, Workplace design

If you want to understand exactly how the economy has changed over the last few decades, one of the most important statistics is also one of the least remarked upon. It is the growing disconnect between a firm’s earnings and the number of people it employs, a statistic that puts paid to the lie that people are an organisation’s greatest asset. Once upon a time, of course, there was a direct correlation of one sort or another between the a firm’s revenue and the number of people it employed and consequently the amount of space that it took up. This was especially true for the world’s great manufacturers and other industries engaged in what was once proper work; moving, creating, destroying and maintaining things. Growth and success meant more employment and more space. There were economies of scale but the upshot was more or less an arithmetic progression in employment based on earnings.

October 27, 2015

Seven ways your choice of new office may boost business performance ⁰

by Darren Bilsborough • Comment, Facilities management, Property

There are generally four main reasons why a business considers changing to new office space: your business is growing and your existing office can’t be expanded to accommodate that growth; your need for office space is reducing due to a change in business circumstances; your office lease is nearing expiration: you are prepared to explore whether a change in office could improve your current business performance. It is the last of these four reasons that sits at the heart of this article, but that does not detract from the validity of the other motivations for investigating options for new office space. Changing office space requirements and/or the fact your lease is expiring do not preclude searching for new ways to improve business performance. In fact, they provide a compelling excuse to explore alternatives and often organisations choose to move for a number of good reasons.

October 26, 2015

An updated green building standard designed to meet wider business objectives ⁰

by Sue Gregson • Comment, Facilities management, Legal news, Property

The publication in September 2015 of the revised ISO 14001 Global Environmental Management Standard has been heralded as a move that will “shift business focus on the environment from compliance with regulations and direct operations, to placing the environment at the heart of thinking and strategy.” This will assist businesses around the world to respond to increasing global sustainability challenges and ensure long-term business success. Currently there are over 300,000 organisations worldwide that are certified to the ISO 14001 Standard, first published in 1996. According to the Institute of Environmental Management and Assessment, (IEMA) ISO 14001 is the second most used standard companies employ to manage their performance globally, with 171 countries now represented. Its popularity as a management tool has been linked to both improved financial and environmental performance.

October 22, 2015

Shrinking Asian workplace density could impair business performance ⁰

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

Workplace static density, i.e. the space per sq. ft. per workstation, has halved in many Asian markets over the last decade and in many parts of Asia, this has already reached a point where further reductions will impact productivity, performance and retention. In Hong Kong, India and China, workplace space has shrunk from 100 sq. ft. per desk to 50-60 sq. ft. per desk. This figure is nearly half that of Europe and the US, where density norms are around 150-200 sq. ft. per desk. Elsewhere, in Australia and New Zealand, standards remain more generous at around 90-150 sq. ft. per desk. CBRE’s recent report, Space Utilization: The Next Frontier, looks at how organizations across the region are now under pressure to drive down costs by increasing their workplace ‘static density’ and suggests ways in which companies can use workplace density and utilization data to drive efficiency and business performance.

October 21, 2015

Small businesses vital for cities, but London SMEs struggle with property costs ⁰

by Mark Eltringham • Cities, News, Property

Two new surveys demonstrate that while small firms in creative sectors are essential for the economic success of the UK’s cities, many small businesses are struggling to find appropriate and well-priced office space in London and are now calling on the incoming new Mayor of London to address the issue as a matter of urgency. While a report from the Centre for Cities shows how small businesses in the creative, professional and digital sectors drive job growth, productivity and average wages in ten key UK cities, the study by the Federation of Small Businesses claims that the cost of commercial property remains one of the most pressing concerns for many SMEs based in London. The FSB study also found that the cost of living in London was also a concern for small employers in the capital, with many claiming it makes it incredibly hard to attract and retain employees.

October 15, 2015

SMEs appreciate flexibility and freedom of running their own business ⁰

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

The latest ONS employment figures indicate that the boom in self-employment appears to have ended, as the number of self-employed people has fallen for the first time since before the recession. Yet those who’ve successfully started their own businesses have something to celebrate. According to a report from AXA PPP, SME owners appreciate the greater flexibility (58 percent) and the greater freedom (37 percent) that owning a business gives them. Seventy per cent of owners also said they are proud, inspired, content or fortunate to own their own business, highlighting the positive effects that having control over your working life can bring. More than a third (35 percent) admitted they could delegate more to improve the way they manage their business – with nearly half (47 percent) of business owners reporting that the pressure of work spills over into their home life.

October 13, 2015

Small business demand for coworking space ‘set to soar’ in the UK ⁰

by Neil Franklin • Facilities management, News, Property

New research from the UK solicitors network QualitySolicitors claims that demand for flexible coworking space is set to soar, with 71 percent of SMEs predicting this to be a priority for them in the short and medium term. According to the study of 250 small business decision makers, over two fifths (42 percent) believe that having a flexible and adaptable space where they can grow is ‘more important’, almost a fifth (18 percent) say it’s important to be able to interact and collaborate on ideas with other businesses in their premises and a further 39 percent are looking for a workspace with networking opportunities. It’s not just the space that needs to be flexible however; over half (54 percent) claim they want flexible, short term lets when negotiating their lease and 53 percent would demand a break clause to prevent them from being tied down if the space is no longer practical for their business.