Search Results for: business

June 29, 2016

Brexit; a round-up of latest thoughts from the property and workplace sectors ⁰

by Mark Eltringham • Architecture, Cities, News, Property

Whatever your opinions on Brexit, there’s no doubt that it has created a range of frequently turbulent knock on effects in the workplace, commercial property, design and architecture sectors. We’ve shared some of the latest views on the next page to go with the initial reactions delivered by a still shell-shocked world that we published last Friday. One thing seems pretty clear is that for most firms, including those in the commercial property sector, there is no rush to judgement and most are prepared to continue business as usual while so much remains undecided. For the same reasons, the FT is reporting that some developers are putting projects on ice until they have more certainty and a report from researchers Green Street suggests that the eventual decision to leave the EU will result in a substantial fall in real estate values. Meanwhile, CIBSE is the latest organisation to calm fears about the impact of the UK leaving the EU.

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June 28, 2016

Countries aware of but not harnessing full potential of older workers ⁰

by Mark Eltringham • Flexible working, Knowledge, News, Workplace

The idea of a fixed retirement age looks increasingly distant in countries around the world and perhaps none more so than the US. According to a study from the Pew Research Center, based on data from the federal Bureau of Labor Statistics, more US over 65s are working than at any time covered in the analysis, and they are working longer hours. As of May, nearly a fifth (18.8 percent) of over 65s worked full or part time, up from 12.8 percent in 2000. Intriguingly, the study also shows that this represents a significant greying of the workplace as in the overall population, 59.9 percent of Americans are currently in jobs, down from 64.4 percent in 2000. The same pattern is evident even in workers significantly older than 65. Even the over 75s are working at higher rates than they did before the 2008 recession, the only age groups about which that can be said, according to Pew, emphasising the fact that the workplace is getting older rather than younger as is commonly assumed.

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June 28, 2016

Workers can’t improve productivity when they don’t know what it means ⁰

by Sara Bean • Flexible working, News, Workplace

There’s been a lot of debate surrounding the productivity gap over the past few years, but there’s still much confusion on how best to measure it. Now a new study claims that around half of UK office workers don’t fully understand what ‘productivity’ actually means. The survey, by PageGroup highlights a clear disconnect between employers’ continued push for increased productivity and employees’ understanding of what this really entails. Only 55 per cent of the 1,000 office workers surveyed completely understand what productivity means. For instance, the most popular definitions chosen by respondents were finishing all tasks within their deadlines (37 percent), and getting all their work done within working hours (26 percent). With the vast majority (86 percent) saying that they work out of contracted hours – and around four in ten (39 percent) doing so often or always – it is clear why they might think that they are falling down in that second regard.

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June 24, 2016

Property and workplace experts have their say on the Brexit outcome ⁰

by Mark Eltringham • Architecture, Comment, Facilities management, Property, Workplace, Workplace design

Well, the results are in and the UK’s electorate has voted by a narrow margin for the country to leave the EU. There are likely to be other developments but whatever you make of the UK’s decision to vote to leave the EU – and I think it’s fair to say most independent people think it’s inexplicable – there’s no doubt that it will have a profound impact on the UK’s economy, relationship with the world, culture, working conditions and markets. What it will mean in practice won’t be apparent for months or years, of course, but that hasn’t stopped experts who work in the property, workplace, design, legal, HR and architecture sectors having their say on its potential implications. We’ll look at these specific issues in more detail going forward but for now, here’s a round-up of those we have so far, which we’ll keep updated throughout the day as the dust settles on what will prove to be a momentous decision for the UK, Europe and rest of the world.

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June 24, 2016

UK and US staff skip holidays and work beyond contracted hours ⁰

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

Flexible working doesn’t necessarily translate to spending less time at work, as the prediction that technology will enable workers to enjoy more leisure time fails to materialise. A new survey has revealed that nearly nine out of ten British workers failed to take all of their holiday allowance last year, with almost one in 200 missing out on more than ten days of paid leave. In some cases, that meant workers missing out on as much as £675 of annual leave, according to Voucherbox. Meanwhile, a survey commissioned by The Workforce Institute at Kronos has revealed that the practice of working outside standard contracted hours is so ingrained in American culture that a majority of full-time salaried employees in the US would work off-the-clock even if it was against company policy. As the line between work and life continues to blur, 81 percent of US salaried employees report that they conduct work outside of their standard hours.

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June 23, 2016

How could UK employment laws be affected by the outcome of the Brexit vote? ⁰

by Sathesh Alagappan • Comment, Legal news, Workplace

The result of yesterday’s EU referendum vote will dominate the UK’s political scene for months now and the outcomes will be followed with particular interest by business owners, who currently have to adhere to a range of employment laws that either originate from the EU itself or have been developed within the context of our membership of the organisation. Therefore, a vote for Brexit today could fundamentally change the way businesses operate in the UK. This is particularly true given that a large amount of the UK’s employment law has its roots in Brussels. Article 153 of The Lisbon Treaty set the precedent for this. It allowed the EU to create a base level of legislation that applies to all facets of the workplace. This includes working hours, workers’ rights, and health and safety. Individual nations are free to supplement this with their own legislation. For example, the minimum wage is an example of employment legislation that is independent of the EU.

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June 22, 2016

Brexit uncertainty leads to drop in cost of living rankings for UK cities ⁰

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

UK cities have dropped down the ranking in Mercer’s annual Cost of Living Survey this year as Brexit fears weaken the value of the Pound, whilst the Euro stays strong against the Dollar. Although the UK’s capital remains in the top 20 costliest cities worldwide, London (17) has dropped five places, whereas Aberdeen (85) and Birmingham (96) have fallen seven and 16 places respectively. Further down the list, (119) has dropped 10 places and Belfast (134) three. The survey finds that factors including currency fluctuations, cost inflation for goods and services, and instability of accommodation prices, have all contributed to the cost of expatriate packages for employees on international assignments. Mercer’s survey covers 209 cities across five continents with Hong Kong ranking highest, pushing Luanda to second place. Ranking 3rd, Zurich is the most expensive European city, followed by Singapore (4) and Tokyo (5).

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June 21, 2016

Tech unicorns thrive in Europe and UK leads the way, claims report ⁰

by Mark Eltringham • News, Property, Technology

Fortune magazine begs to differ, but Europe as a whole is a seemingly fertile breeding ground for ‘tech unicorns’, according to a new report from technology investment bank GP Bullhound. Defined as technology startups with a market valuation of more than $1 billion, the report claims that there are now 47 so-called unicorns in Europe, up by 10 from last year. The report also claims that the UK is leading the way within Europe, with 18 out of the 47 based in the country with new entries such as Blippar and Anaplan. The European firms have a combined value of $130bn, and ‘have demonstrated resilience in the face of turbulent global markets and heightened scrutiny of fast-growth tech’. Sweden is the country with the second highest number of billion-dollar tech companies (7), including Spotify (pictured), Europe’s most valuable Unicorn. Germany is third with six and France with three. Oddly, the report also includes Israel which has three unicorns.

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June 21, 2016

London office rents predicted to stay strong provided there’s no Brexit ⁰

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

The continuing imbalance between the supply and demand for office space throughout London is resulting in a shift in the balance of negotiating power away from tenants, according to the latest London Office Update from Carter Jonas. Rents across Central London have, on average, risen by over 50 percent over the last five years in the West End, Midtown and South Bank office markets, and by over 30 percent in the City of London. Rent free periods have typically fallen by up to six months over the same period. In the next 18-24 months, the trend will continue to be higher rents and shorter rent free periods as availability remains low. While some occupiers may leave London altogether, others may adopt a ‘spoke and hub’ strategy, whereby back office functions relocate to peripheral, lower cost, areas while ‘client facing’ operations are retained in Central London. This prediction assumes that Britain rejects Brexit however, and there are no major economic shocks.

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June 21, 2016

Ageing workforce requires employers to better address skills gaps ⁰

by Sara Bean • Events, News, Workplace

The Government’s 2016 Working Futures report revealed that the total number of jobs in the UK is expected to rise by 1.8 million between 2014 and 2024, while the working age population (16-64) is expected to increase by half this amount. Now a policy event being held in London by the Westminster Employment Forum will draw attention to the growing challenge faced by business leaders as the UK workforce continues to age. According to figures from the CIPD, 9.4 million people in employment in the UK are over the age of 50, equivalent to over 30 per cent of the workforce. The Open University is advising that, with employees staying in work longer, business leaders need to ensure that workers have the right access to education and the skills to remain competitive and productive at all stages of their careers. Ageing Workforce in the UK, will explore what steps need to be taken in order to adapt to this demographic shift.

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June 20, 2016

What happens when you take transparent office design to extremes ⁰

by Mark Eltringham • Case studies, Comment, Facilities management, Furniture, Workplace design

A rigid and unswerving adherence to a principle is rarely a good thing in the long run. This is perhaps doubly so when it comes to office design because the end result is often something that overlooks what offices are really for; namely giving human beings a place to go to be with one another. So, when you take a design dogma to extremes that ignore the human being that should be your core concern, you end up getting something like the office with no chairs, because ‘sitting is the new smoking’. Or you get the office made completely of glass because ‘transparency generates trust’. While it’s true that the Dutch firm MRVDV responsible for the refit of the building in Hong Kong has included some genuinely successful features, not least in the use of natural light and the environmental performance of the building, the interior itself is clearly the end product of meetings in which nobody felt comfortable telling everybody to knock it off.

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June 17, 2016

Home or away. What should employers be doing about the game? ⁰

by Anita Rai • Comment, Flexible working, Legal news, Workplace

The Euros 2016 are underway. It’s an exciting time for the nation, but not so much for businesses that are potentially facing a largely absent workforce, be it physically or simply because they will spend at least 90 minutes of their afternoon glued to their mobile phones watching the match. Some employees might have been organised enough to book annual leave for the afternoon, but for many, they will be devising a cunning plan as to how they can get away to watch the match. Employers can expect to be faced with a hike in “sickies” and last minute requests to work from home as suddenly there’s a delivery due or a poorly child to look after. Some employees will just decide to chance it and not come back to the office after their lunch breaks, with no pre-authorisation at all. So what should you be doing as an employer?