Search Results for: business

May 16, 2014

UK one of the top global business destinations for sales growth and profitability

by Mark Eltringham • Furniture, News, Workplace design

Global manufacturing executives rank the UK as one of the top destinations for future sales growth and profitability, according to KPMG’s latest Global Manufacturing Outlook report published this week. This places the UK ahead of Germany, India and Japan and alongside China, beaten only by the US. The report also notes that the UK is leading the world in the growth of 3D printing. The survey of 460 executives representing business with an annual turnover in excess of $5 billion reveals that the UK is ranked third in terms of those countries in which global companies expect profit growth over the next two years. The focus on new technology and materials in the report reveals that 85 percent of UK manufacturers are already moving to 3D printing to reduce their product development life cycle, as British office furniture maker Senator did in prototyping its Ad-Lib range (pictured).

May 15, 2014

CBI: Strong business case for investing in health and wellbeing

by Sara Bean • Flexible working, News, Workplace

As we reported earlier this week, an employee wellness programme can be worth doing alone as an incentive and engagement tool. But for those employers who need some evidence of their impact on the bottom line comes a new CBI report, which shows the costs to employers who fail to address employee health and wellbeing. The direct costs of employee absence to the economy is estimated at over £14 billion per year and the average total cost to business for each absent employee is £975. These figures would be higher still if productivity lost due to presenteeism – staff attending work despite being unwell – was included as well. The new CBI report – Getting Better: Workplace health as a business issue – outlines exactly how businesses can improve the wellbeing of their staff and provides a practical support tool to support firms, based on the experience of CBI members. More →

May 7, 2014

The business of workplace design and management; new issue of Insight is now available

by Sara Bean • Comment, News, Newsletter, Workplace design

In the latest Insight newsletter, available to view online; Mark Eltringham lists just seven of the ways in which flexible working may have actually made our lives more rigid; expectations for rising rents as demand for commercial property reaches the highest level since before the financial crisis; ‘Walkie Talkie’ skyscraper signs up two new tenants; and the BCO names London and the South East’s best recently refurbished examples of workplace design. The idea that staff find greater job satisfaction when they work in environmentally friendly surroundings is challenged by a new study; while another report claims that wearable technology could be a boast to productivity; and the CIPD warns that rigid organisational hierarchies hamper the development of management and leadership skills within the workplace. To automatically receive our weekly newsletter, simply add your email address to the box on the home page.

March 31, 2014

BCO report claims to reveal link between green offices and business performance

by Mark Eltringham • Environment, Facilities management, News

A new report from the British Council for Offices claims that building owners could enjoy significant savings in their operating costs of up to £50 per square metre as well as improved staff productivity and wellbeing by investing in environmentally friendly offices and work practices. The research, Improving the Environmental Performance of Offices claims to illustrate the benefits of energy efficient offices and highlight the positive impact they can have on employee productivity. The report calls on building occupiers to focus on key areas such as benchmarking and monitoring their energy usage. The BCO believes there is already a shift in attitudes towards a greater understanding of how offices actually perform environmentally rather than simply how they are designed and that more and more businesses are waking up to specific issues such as how much energy their buildings use outside of office hours. More →

March 28, 2014

UK is world’s fourth most attractive business location, claims report

by Mark Eltringham • News, Property

Manchester, Europe’s cheapest large city for businesses

The latest edition of KPMG’s bi-annual study of the comparative attractiveness of more than 100 cities (many of them in the US) as business locations claims that the UK is one of the world’s best countries in which to do business. The Competitive Alternatives Report for 2014 assessed the competitiveness of cities in ten countries across four commercial sectors – digital services, research and development (R&D), corporate services and manufacturing – and found that the UK is the second most competitive country for corporate services; third for digital services; fourth for R&D and manufacturing and fourth overall. In Europe, the clear cost leader is Manchester with overall business costs more than 10 percent lower than those of London, the only other UK city assessed. The report claims the UK’s tax regime is a crucial factor for international enterprises as they make important funding and operational decisions.

March 6, 2014

Business continuity report confirms technology still biggest threat to firms

by Mark Eltringham • News, Technology

Forget the recent UK floods. When it comes to risks to their businesses, it’s still tech that keeps business leaders awake at night, according to the latest annual Business Continuity Institute Horizon Scan report. Technology related threats continue to rank higher than natural disasters, security and industrial action according to the report which gauges the threats that organisations consider to be their biggest concerns. Nearly four-fifths of business leaders fear that an unplanned technological event, cyber attack or data breach will harm their business. Nearly three quarters (73 percent) consider malicious attacks through the Internet a major threat that needs to be managed closely, while nearly two-thirds (63 percent) think that social media remains a challenge. Meanwhile, one of last year’s threats – supply chain resilience – dropped out of the top ten completely.

February 21, 2014

Businesses remain sceptical when it comes to public sector procurement

by Mark Eltringham • News, Public Sector

The jaded view that most UK businesses have of public sector procurement practices and winning Government work is evident in two new surveys, from the Confederation of British Industry (CBI) and the Royal Academy of Engineering (RAE). The CBI survey of 100 of its members found that 60 per cent have not seen an improvement in commercial skills applied in public procurement and one in five think they have actually deteriorated over the last year. Two thirds (67 percent) claimed that performance in standardising procurement processes is poor and a similar number said lowest cost was still driving most contracting decisions. The RAE meanwhile is calling for Government to integrate procurement processes into projects at an earlier stage and make it easier for smaller firms to win parts of major contracts.

January 22, 2014

Plans submitted for 19 storey tower in Manchester business district

by Mark Eltringham • News, Property

Developers have submitted plans for the development of a new tower on the site of an existing office building in Manchester city centre. Allied London is looking to create a new 19 storey office in Spinningfields, the city’s troubled £1.5 billion business district which ran into development problems at the height of the recession between 2007 and 2010. The new building a will offer over 340,000 sq. ft. of office space and is designed by Ian Simpson Architects who were responsible for the design of the Beetham Tower. The ground floor is also likely to incorporate retail outlets, cafes and restaurants. A final decision on the application from the local authority is due in April. Quay House, the current building on the site, is argued by the developer to be under-occupied and outdated.

January 16, 2014

Surge of turnover and employment growth in UK’s creative businesses

by Mark Eltringham • News, Workplace

The Government has released new statistics that demonstrate the increasing importance of the creative sectors to the UK economy, although concerns remain about the UK’s creative skills base. The figures reveal that the overall turnover of creative businesses increased by just under 10 percent in 2012 and employment increased by 8.6 percent over the same period, more than any other sector. The creative industries are now worth more than £70 billion a year and employ 1.68 million people. While employment in the UK as a whole grew by 0.7 percent over the whole economy, jobs growth in the creative sector was 8.6 percent. There was also growth in export sales, up over 16 percent between 2009-11 and worth £15.5bn in 2011.

December 6, 2013

Businesses missing the potential of property to benefit performance says BCO

by Sara Bean • Facilities management, News, Workplace design

The UK spent an estimated £28.5 billion on offices in 2012 – outstripping business expenditure on legal services (£24.3bn), accounting (£14bn) and insurance services (£23.8bn). Yet despite this, nearly three fifths (57%) of 250 senior executives from large organisations in a recent poll said property issues are not regularly discussed in the boardroom and responsibility for property is still likely to fall outside management teams. The research, carried out by the Centre for Economics and Business Research (Cebr) and Populus, found businesses take a very cost-centric view towards the workplace. Although almost three-quarters of organisations were constantly analysing and assessing whether their space is being used efficiently, cost was still found to be the most important factor in assessing the office’s performance (73%). More →

December 5, 2013

Dressing down for work could improve career chances says Harvard Business Review

by Sara Bean • News, Workplace

In his book How to Lose Friends & Alienate People writer Toby Young recalls when advised he could dress ‘casually’ for his first day at glossy magazine Vanity Fair, he opted for a tee shirt which said ‘Young, dumb and full of…. ‘ you can guess the rest. While most people wouldn’t so grossly misjudge what to wear to work; those who play it safe could learn from the latest research from Harvard Business Review. In The Red Sneakers Effect: Inferring Status and Competence from Signals of Nonconformity the researchers advise that non-conforming habits, such as wearing red sneakers to work can boost your prestige. A series of studies demonstrates that people confer higher status and competence to nonconforming rather than conforming individuals. The next step presumably is determining the accepted level of non-conformity that equals success.

December 3, 2013

Majority of businesses acquire employee data; far fewer apply it, claims report

by Mark Eltringham • Facilities management, News, Workplace

Peter Drucker’s old adage that ‘what gets measured gets managed’ may be a cliché, but it’s endured to become one because there is a lot of truth in it. Now a new report commissioned this year by recruitment consultants Alexander Mann Solutions and the HRO Today Institute has found that firms that use employee data to inform strategic decision making outperform their competitors around 58 percent of the time. Which is great except the survey of HR managers and directors at over 300 companies also found that only a third of businesses use data in this way. This is in spite of the fact that nearly all (90 percent) of companies acquire employee performance data. According to the report, Success: How metrics & measurement correlate with business, nearly a third don’t use the data in any way whatsoever.