Search Results for: business

January 8, 2018

Employee engagement tops poll as biggest human resources challenge for 2018

A study commissioned by Cascade HR claims to reveal the topics most likely to keep Human Resources professionals awake at night in 2018. Employee engagement topped the list of upcoming challenges for 44 percent of the 447 participants, followed by staff retention (36 percent). Absence management and recruitment came in as the joint third biggest worry for 33 percent of respondents, with succession planning in fifth place (26 percent). And it appears the same themes have posed the biggest headache for HR in 2017. When asked to reflect on their toughest encounters from the past 12 months, professionals ranked recruitment as the clear front-runner (52 percent), followed by absence management, (43 percent), employee engagement (39 percent), and retention (37 percent), with learning and development the only difference(20 percent).

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January 4, 2018

Demand for office space in Central London continues to grow steadily but falls elsewhere

by Mark Eltringham • News, Property

A new study from commercial property advisors Savoy Stewart based on UK government data claims that demand for office space in Central London has continued to grow at a steady rate for a number of years, but that the trend is not always matched elsewhere in the UK, including for areas on the outskirts of the capital. The report, based on an analysis of data from the Valuation Office Agency, covers the period from 2000 to 2016. It found that the total floorspace of 21,092,000 square metres in Central London accounts for nearly one quarter of the total office floorspace in England and Wales (89,037,000 square metres) and more than twice the total floorspace of the top 10 office hotspots outside London combined.

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January 4, 2018

Hard working females under 35 most likely to join January job exodus

by Sara Bean • Flexible working, News, Workplace

It probably doesn’t come as much of a surprise to learn that in the annual January ‘job exodus’, junior employees under the age of 35 years are most likely to leave their current roles, according to new research. However the Qualtrics Employee Pulse – a quarterly survey of more than 4,000 workers – shows that employees that pose the greatest flight risk are most likely to be female, think about work outside of contracted hours, and regularly checking emails on weekends. Of most use to employers, utilising its Experience Management Platform, Qualtrics has identified the top three drivers that will help encourage employees to stay in their jobs in the long-term. These are supporting a work-life balance, allowing employees to try out new tasks and skills in their existing role and ensuring managers are proactive in helping to solve problems or concerns in the workplace.

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January 3, 2018

UK commercial property volumes to exceed £50 billion for sixth consecutive year

by Mark Eltringham • News, Property

Despite 2017 being a year of political surprises and, seemingly, never ending Brexit negotiations, both the UK economy and commercial property market have shown demonstrable resilience with transaction volumes reaching £55 billion. With recent announcements suggesting more certainty about the post Brexit relationship between the UK and the EU, renewed business confidence will increase demand for quality commercial real estate. Global real estate advisor, Colliers International, predicts that 2018 volumes will exceed £50 billion for the sixth consecutive year.

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January 3, 2018

Flexible space and smart tech to grow this year, while occupiers decide on Brexit

by Sara Bean • Coworking, Facilities management, Flexible working, News, Property, Technology

The proportion of flexible space within occupier portfolios will continue to increase in 2018; a growing adoption of technology will redefine buildings, workplaces and portfolios; and it will be a year of decision for many businesses regarding Brexit. These are among the ‘UK Property Predictions 2018’ report from JLL which covers a range of different topics, with a particular focus on UK corporate occupiers. The report claims that traditional static portfolio concepts are being redesigned to incorporate new formats of space, co-working and a more fluid and diverse range of space options that support creativity, innovation and collaboration. (more…)

January 2, 2018

We need to stop talking about self-employment as a monocultural phenomenon

by Andrea Broughton • Comment, Flexible working

Self-employment has grown considerably in the UK over the past 15 years, now totalling around 4.8 million workers, or 15 per cent of the workforce. There is a debate about the extent to which this growth in self-employment is a positive development: some believe that it is a positive feature of an entrepreneurial and flexible economy, while others fear that it is increasing levels of precariousness. This is a difficult issue to address as there is great heterogeneity among the self-employed workforce. In order to shed light on this, IES undertook research for the Centre for Research on Self-Employment (CRSE) to divide the self-employed workforce into segments. The policy debate on self-employment has often been carried out on the assumption that there is some homogeneity among the self-employed workforce. However, this is far from the case, and it could be argued that diversity is increasing due to the growth of the so-called gig economy. In order to help clarify the debate, IES undertook research for the CRSE that aimed to achieve greater clarity in terms of the size and nature of the different segments of the self-employed workforce. The aim is that if the sector is better segmented, this will help policymakers to avoid taking a broad-brush approach to the treatment of self-employed workers.

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December 28, 2017

UK enjoys sharpest rise in output for two years, CBI report claims

by Mark Eltringham • News

Business activity in the UK ended the year on a high after manufacturers, service sector companies and retailers reported the sharpest rise in output in two years, according to a report from the business lobby group CBI. The composite measure based on 642 respondents across the three sectors showed the balance of firms reporting a rise in output at +19 percent, compared with +6 percent in the three months to November 2017. Growth was broad-based, according to the CBI, with all sectors reporting robust output volumes growth last quarter at a pace above their long-run averages.

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December 23, 2017

The world converges on the new issue of Work & Place

by Mark Eltringham • News, Premium Content, Work&Place

We have published the new issue of Work & Place Journal and it’s our biggest and best yet. Sponsored by Steelcase, Liquidspace and The United Workplace, the new issue will shortly be published in its Spanish language version. Its overall readership is now nearly 100,000 so it’s not just bigger and better, it is even more influential. I would sum up its core theme as convergence. The essential idea behind this is the lack of any sort of meaningful distinction in a traditional sense between the physical, digital and cultural workplaces. These were once pretty clearly demarcated spheres of personal and organisational influence. Their overlap and integration define the greatest puzzles we face in the workplace in the early 21st Century. Some of these are addressed in the features included in this edition of Work & Place. They include Despina Katsikakis looking at what the idea of flexibility means, Neil Usher gets back to basics with his take on the elemental workplace, Beatriz Arantes tears down the barriers to creativity, Christine Kohlert and Scott Cooper offer their take on creative work, Rob Leslie-Carter offers a considered perspective on the current status of artificial intelligence and automation and Aki Stamatis considers the right to disconnect that is now becoming a global problem with local solutions (more…)

December 22, 2017

Five employment law milestones from the past year we need to remember in 2018

by Lucy Gordon • Comment, Workplace

The past twelve months have been an eventful period for employment law; from the uncertainty surrounding Brexit and the rights of EU Nationals working in the UK, to the mounting attention on employee data protection as the GDPR edges ever closer. Issues of Employment Tribunal fees, holiday pay and the gig economy have similarly captivated headlines, and these significant milestones from the past 12 months are set to have a big impact on the challenges facing the sector into 2018. (more…)

December 21, 2017

Commercial property is undergoing tech disruption, but not as some believe

by Polly Plunket-Checkemian • Comment, Facilities management, Property, Technology

According to a recent report, executives in the commercial property sector have significant reservations about emerging disruptive technologies such as Big Data and predictive analytics, augmented and virtual reality, Blockchain and driverless vehicles, but see huge potential for process automation. Disruption is a strong word. It conjures up apocalyptic images and radical interventions leaving unrecognisable outcomes in its wake. Big terms like artificial intelligence, Internet of Things (IoT) and big data bring equally big expectations. For those of us at ground level, it’s hard to see the cumulative impacts of the many changes taking place around us. It’s also hard not to share the same view expressed above. Future-gazing is nice to a point, but board level conversations like to take signposts from what is actually happening around them as well, and the commercial property sector is no exception. This sector is undergoing profound disruption but not necessarily from Silicon Valley’s headline grabbers.

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December 20, 2017

Companies must reveal gender pay gaps or face unlimited fines

by Neil Franklin • News, Workplace

Businesses failing to comply with gender pay gap reporting regulations could face unlimited fines and convictions, the Equality and Human Rights Commission has warned as it published its enforcement strategy. As the regulatory body responsible for ensuring that all employers with over 250 employees report their gender pay gap statistics, the Commission has set out its enforcement policy for consultation. Although it will take steps to encourage compliance and engage informally with employers who are in breach of the regulations as a first port of call, it will ultimately enforce against all employers who do not publish their gender pay gap information. The Commission’s policy – which is open for consultation from today until 2 February 2018 – explains how the Commission will use a range of its powers.

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December 19, 2017

City of London on track for record levels of office investment

by Neil Franklin • Cities, News, Property

The City of London is defying the doomsday Brexit scenario and on track to reach record levels of office investment in 2017, as Savills anticipates total turnover will hit £12.5 billion – subject to a number of deals currently under offer exchanging or completing before 31st December. This sees total transactions in 2017 doubling the 10-year average (£6.259 billion), in line with the all-time record volume seen in 2014 (£12.6 billion). The real estate advisor suggests the West End market will see £7.155 billion transacted in 2017 bringing total turnover in central London for the year £19.6 billion. Savills says that the weakness of sterling since the EU referendum has boosted the city’s attractions to overseas capital. This has happened in tandem with a return of UK buyers to the London market. Figures from the firm show office take-up in the City and West End are both above the long-term average while more than a third of the city’s developments are pre-let.

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