Search Results for: business

April 24, 2017

Commercial property lenders should drive sustainability through financial innovation ⁰

by Mark Eltringham • Environment, News, Property

The commercial real estate finance sector is witnessing a dramatic shift in attitudes towards the issue of sustainability, according to a new report from the Better Buildings Partnership. It claims that major commercial property lenders are already exploring new opportunities that go well beyond traditional risk management through sustainability initiatives that ‘drive new business, strengthen customer relationships and improve the data they hold on the buildings in which they have underwritten’. The report, Beyond Risk Management: How sustainability is driving innovation in commercial real estate finance, is sponsored by CREFC Europe, GeoPhy, ING Bank and Lloyds Bank Commercial Banking, and claims to reveal pioneering examples of how lenders are incorporating sustainability into their core business activities.

(more…)

April 21, 2017

Governments need to address perfect storm of low wages, productivity and automation ⁰

by Mark Eltringham • News, Technology

Governments need to act now to address issues such as productivity, automation and stagnating or falling wages, according to two new reports from the International Monetary Fund (IMF). In both its Spring global policy agenda and world economic outlook, the IMF claims that workers are subject to a perfect storm of factors that will destabilise their jobs and lives unless governments implement robust policies to help them work more flexibly, acquire new skills and work alongside the new generation of automated technologies instead of in competition with them. Addressing the issues in a speech last week, IMF managing director Christine Lagarde said that governments need to create a new economic and social architecture that allows everybody to take advantage of the opportunities offered by technology and the current growth in the world economy.

(more…)

April 20, 2017

Number of data scientist jobs soars as Big Data moves up the corporate agenda ⁰

by Neil Franklin • News, Technology

Advances in tech have boosted Data Scientist roles by 57 percent globally in one year, according to a Big Data Analytics and Business Intelligence Observatory run by Politecnico di Milano School of Management. Advances in big data analytics are encouraging increasing numbers of industries – including banking, media and big pharma – to maximise this tool by employing more data scientists. The research, which surveyed 280 international data scientists, revealed the 57 percent annual increase in positions allocated, as well as role availability in nearly a third of companies. The research suggests that international businesses will increasingly be looking to integrate Data Scientist roles into their hiring strategies.

(more…)

April 20, 2017

Apple granted permit to trial driverless cars in California ⁰

by Neil Franklin • Flexible working, News, Technology

Apple has been given permission to test a range of driverless cars in California. The state’s Department of Motor Vehicles has awarded a permit for the company to start testing its self-driving car technology on public roads, ending a period of speculation about its plans for the autonomous technology. The permit covers three vehicles, which will be 2015 Lexus RX 450h hybrid SUVs, and six individual drivers. However, the plan does not seem to suggest that Apple will become a car maker any time soon and instead will focus on the development of the technology itself rather than the hardware.

(more…)

April 19, 2017

Jobs should be redesigned to improve wellbeing ⁰

by Mark Eltringham • Flexible working, News, Wellbeing, Workplace design

It’s not just the nascent fourth industrial revolution that is challenging our traditional views of work, but also the growing realisation that we could be doing things so much better anyway. The author Douglas Coupland and the World Economic Forum are already holding conversations about the fundamental issues with work and how we go about it. At the heart of this is the very design of jobs and what it means for us and our wellbeing. Only 28 percent of people in the UK are highly satisfied with their jobs, and yet, estimates suggest that an adult in work would spend an average of 57 percent of their waking hours working. A new international study from the University of East Anglia and the What Works Centre for Wellbeing based on a review of 4,000 pieces of research claims to show why organisations often fail to improve staff wellbeing. It suggests that employees should be encouraged to design their own jobs, and find ways to help managers better understand their concerns.

(more…)

April 19, 2017

UK lags behind international competitors in key employment skills, warns CIPD ⁰

by Sara Bean • News, Workplace

As the country gears up for another general election, the CIPD warns today that the UK lags well behind its competitors in Europe and much of the OECD in literacy and numeracy, learning and development, and digital skills. According to the new analysis, this is largely due to the fact that UK employers train less and invest less in skills than most other EU countries. In its report – From ‘inadequate’ to ‘outstanding’: making the UK’s skills system world class’ – the CIPD warns that the UK is sleepwalking into a low-value, low-skills economy which leaves the nation ill-prepared for its post-Brexit future, particularly if the UK is to face restrictions on accessing talent from outside of the UK. The HR body is urging the Government to make funding available to tackle the problem in the workplace. The analysis, which forms part of the CIPD’s formal response to the Government’s Industrial Strategy Green Paper, highlights multiple failings in the UK.

(more…)

April 13, 2017

UK productivity crisis deepens…but technology probably isn’t the solution ⁰

by Neil Franklin • News

Following last week’s report from the ONS on the UK’s intransigent productivity challenge, and the Bank of England’s Chief Economist Andy Haldane’s intervention on the issue, a new report from accountants and business advisers BDO claims that the UK’s productivity crisis is deepening, rather than improving. The latest report claims that while firms are continuing to hire more staff, business output is struggling to pick up. The amount of output produced for each hour worked is therefore likely to slow further, undermining the UK’s already low productivity levels. This is despite the steady increase in employment levels which have been relatively unaffected by the uncertainty surrounding Brexit.

(more…)

April 13, 2017

Over half of employers report increase in workplace stress and mental ill health ⁰

by Sara Bean • News, Wellbeing, Workplace

More than half (55 percent) of employers have reported an increase in the level of stress and mental health related illnesses at work, according to the annual Benefits and Trends Survey from Aon. The survey claims that while 72 percent of employers believed they had a key role in influencing employee health in 2015, this decreased to 67 percent in 2016. The survey did find that employers have tactics to support health and wellbeing – branded wellness programmes (21 percent) and flexible working (20 percent) being the most popular – but these may be disconnected to what employees and the business actually need. Not surprisingly then, 58 percent would like a better understanding of the impacts of health risks, while 72 percent now use some form of data to drive health and wellbeing strategy. The most popular sources were absence data (57 percent) and employee engagement surveys (45 percent). In addition, the number of employers that have considered managing a known health risk is on the increase – rising to 48 percent from 25 percent in the last two years (42 percent in 2015).

(more…)

April 13, 2017

Rents start to surge in Australia’s thriving high rise commercial property market ⁰

by Mark Eltringham • News, Property

Australia can justifiably claim to lead the world in thinking about office design and management right now, but it may be coming at a cost as rents surge for high rise office space in its major cities. The cost of renting office space in the skyscrapers of Sydney and Melbourne (pictured) is rising faster than in any other major global city, as a lack of space pushes up rates. The costs of space have yet to hit the heights of tall buildings in cities like Hong Kong, but Knight Frank’s Skyscraper Index claims that the cost of renting space in the upper floors of skyscrapers in Melbourne had risen by 11 per cent to £40.98 per square foot per year in the six months to the end of last year, while those in Sydney had risen 10.1 per cent to £78.39 per sq ft.

(more…)

April 13, 2017

City of London offers free public access WiFi across whole Square Mile ⁰

by Mark Eltringham • Company news, Technology

The City of London Corporation has announced a deal that will deliver a free, public access WiFi network, offering internet access anywhere within the Square Mile. The multi million pound project is one of the largest investments in wireless infrastructure ever seen in London. Cornerstone Telecommunications Infrastructure Ltd (CTIL) has been awarded a major 15-year contract to roll-out and manage the City of London’s new wireless network in conjunction with O2. The new network will deliver wireless services across all mobile networks for City businesses, residents and visitors.

(more…)

April 11, 2017

The world will be completely awash with information by 2025 and firms should adapt soon ⁰

by Mark Eltringham • News, Technology

The amount of data humans and their devices create will rise to 163 zettabytes over the next eight years, according to a new report from data firm Seagate. That is ten times as much as we created last year. As usual, the amount of data described in the report is inconceivable. A linguist called Mark Liberman once estimated that every word ever uttered by human beings would create around 42ZB of stored data. So if I were to make up a fact such as that a printout of 163ZB of data could create a planet the size of Neptune, you’d have to believe it. It’s a lot and it’s rising exponentially, that’s all we need to know. The interesting thing apart from the scale of the storage issue, is that the major source of the increase will be businesses not humans and that by 2025, we will be interacting with an Internet of Things connected device an average of 4,800 times a day.

(more…)

April 11, 2017

Demand for flexible office space is set to grow in London’s outer boroughs ⁰

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

London’s office workers are looking for shorter commutes, demanding more collaborative and networking opportunities while at work and better access to green space, retail, leisure and wellness; all of which could present a huge opportunity for the less congested outer London boroughs, a new report suggests. According to Savills latest London Mixed Use Development Spotlight, as employers and employees alike demand more from their workplace and their work- life balance, London’s outer boroughs could reap the benefits by providing greater flexible office space and affordable homes at a variety of price points. According to Oxford Economics, employment in sectors that tend to occupy co-working spaces is set to rise by 20,000 people in the outer London boroughs over the next five years, which equates to a gross additional need of 1.6 million sq ft (148,644 sq m) of office space.