Search Results for: business

Central London occupiers prepared to pay more for upper floors and terrace 0

London occupiers prepared to pay to access upper floors or terraceThere is a growing trend for London occupiers prepared to pay more for upper floors, particularly with access to a terrace, as according to the latest research by Cushman & Wakefield (C&W), unprecedented rental rates are being paid for tower floors and roof gardens. Central London office leasing activity overall, was 2.4 million sq ft for the first quarter of 2015, which equals the same period in 2014, which marked the highest first quarter volumes since 2007. Momentum in the City of London office market has also continued, with a total of 1.8 million sq ft let, up 34 percent for the same time last year. The West End recorded a relatively quiet quarter, with leasing volumes down to just over 600,000 sq ft – the lowest level since mid-2013. However, this is against a backdrop of falling vacancy rates, leading to the increasing migration of commercial occupiers out of the West End.

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Why Facebook and other tech giants still apply mainstream office design ideas 0

Facebook-560x480This week Facebook moved into its new offices in Menlo Park, California. As you might expect they are somewhat out of the ordinary. Designed by Frank Gehry, they are bright, open and loaded with quirky and colourful design ideas. Yet upon closer inspection their underlying office design principles are often resolutely mainstream, not least the inclusion of what is billed as the world’s largest open plan office. In fact this has the personal backing of the CEO himself and has long been the core element in the brief because Facebook sees the idea of openness as being an essential part of its mission and business model. Mark Zuckerberg announced the opening of the building on his own Facebook page (where else?). In his official statement, he explains the thinking behind the design in an interesting way and it bears reproducing.

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One in three employees have experienced conflict at work, reports CIPD

Workplace conflictAs many as one in ten employees are leaving their organisation as a result of workplace conflict, research from the CIPD has revealed. One in three UK employees (38%) have experienced some form of interpersonal conflict at work in the last year – this includes one in four (29%) who have had isolated disputes or clashes and a further one in four (28%) who report ongoing difficult relationships. However, there appears to be a clear power differential at play, with employees being most likely to perceive a lack of respect, bullying or harassment from their boss or other superiors and as many as 1 in 4 said that their line manager actively creates conflict. Employees reported conflicts as being most often with line managers or other superiors (36%) rather than with direct reports (10%). This results in individuals feeling stressed and can lead to a drop in commitment or motivation.

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Sino might: a review of the CIFF office design show in Guangzhou

Guangzhou office designGuangzhou, about two hours by train from Hong Kong, is China’s third city. It is a sprawling metropolis. Apart from a cluster of skyscrapers and the busy, broad sweep of the Pearl River which carves the city into districts, it has few redeeming features. Unlike the previous years’ office design shows hosted in Guangzhou, the heavy rain stayed away and the weather was hot and humid. It would probably have been sunny, were it not for the pall of smog which constantly shrouds the city. The 35th China International Furniture Fair is too large to be held at one time in the 430,000 sq. m. China Import & Export Fair complex, so it’s split into two, five day phases, held six days apart. Billed as the ‘Fabulous Furniture Fair’, Phase 1 concentrated on residential furniture. Phase 2 was for CIFF Office and for Interzum – the furniture materials and machinery show.

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“Toxic” employees create stressed co-workers, with over half more likely to quit

Toxic employees can make over half of co-workers more likely to quit finds reportMembers of staff who have a negative influence on those around them, and create a poisonous atmosphere in the office, do not affect the overall productivity of their colleagues, but are more likely to make them want to leave. “Toxic employees” make their teammates 54 percent more likely to quit and cost employers up to three times more in hiring fees, finds “Toxic Employees in the Workplace” a new US-based report by Cornerstone. The indirect costs of toxic employees, as measured by the toll they take on co-workers, can have a far greater overall impact and create an even larger financial burden on the business than the direct costs of an employee’s misbehaviour. While these individuals have a negligible effect on the performance of their co-workers, the research suggests they have a stronger influence on stress and burnout than on day-to-day task completion.

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New study explores link between workplace design and productivity

workplace designThe latest report linking specific workplace design elements with increases in productivity and wellbeing has been published by flooring manufacturer Interface and organisational psychologist Cary Cooper. The Human Spaces report into The Global Impact of Biophilic Design in the Workplace, claims that employees who work in environments with natural elements report a 15 percent higher level of well being, are 6 percent more productive and 15 percent more creative overall. The report is based on a study of 7,600 office workers from 16 countries. It concludes that office design is so important to workers that a third (33 percent) of global respondents believe it would ‘unequivocally’ affect their decision whether or not to work somewhere. Design is particularly important in India (67 percent), Indonesia (62 percent) and the Philippines (60 percent).

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Flexible working and recognition linked to happiness at work

happiness at workThe eternal quest for happiness is the subject of two new reports which conclude that if you want to feel more satisfied with your working life, it’s important to feel as if you are in control of it. New research from Professor Andy Charlwood at Loughborough University claims that government and employer policies that give people greater flexibility to choose the hours they work helps to foster their wellbeing and that overworked people are less satisfied with their lives and experience lower levels of psychological wellbeing overall. A second, less scientific study commissioned by US software provider InLoox claims that one of the most important determinants of happiness at work is an ability to work unsupervised or not to report to anybody at all so, if you must have a job, make sure you’re in charge.

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Facebook moves into new California campus headquarters

facebook1Facebook has moved into its much discussed new headquarters building and campus in Menlo Park, California. As is the way these days, the relocation to the Frank Gehry designed HQ was announced by CEO Mark Zuckerberg on his own Facebook page and heralded by a number of images shared on social media by staff. Zuckerberg also shared an aerial view of the 22 acre location included its landscaped roof and has promised that more images and video will emerge ‘once we’re fully unpacked’. Controversially – maybe – the building features what is claimed to be the world’s largest open plan office space which will be home to many of the new building’s 2,800 inhabitants. In this regard, the design is resolutely mainstream as are the array of breakout spaces and cafes used to supplement the open plan and give people the chance to take some time away.

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SMEs provide the key to encouraging more women onto boards

SMEs should encourage more women onto boardsResearch from the Government, released last week, found that women now accounted for 23.5 percent of FTSE100 board members, up from 12.5 per cent in 2011. The target is 25 per cent by the end of this year, meaning that another 17 women need to be appointed. However the research showed that small companies are less diverse at the top, with woman accounting for 18 percent of directors of FTSE250 boards. As Chairman of a company which employs 220 people, I believe that unleashing the potential of women in the business is an excellent way to grow and develop organisations. The female perspective is very powerful in every issue within a business. It adds enormous value to clients, can often save money by offering a different way of doing things and creates a better working environment.

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Gamification remains a mystery to employees and unused by many firms

gamificationAlthough it’s currently one of the most talked about workplace ideas, gamification remains a mystery to many workers and even HR professionals keen on the idea are probably not doing much about it. Those are two of the findings of a report from consultancy Penna based on interviews with 2,000 HR directors and employees. The study set out to explore how well senior HR professionals understood gamification, its uses and their perception of the barriers to adoption. Researchers also asked employees about their level of ‘everyday engagement’ with gamification and whether they recognise it as a concept. Over half (52 percent) of HR directors claim to be ‘massively interested’ in the idea although 44 percent also agreed that their organisation was ‘not at all interested’. Remarkably the survey also found that 89 percent of employees don’t even know what it is.

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Civil service addresses work conditions and careers of disabled employees

disabled employeesThe UK Cabinet Office has published a report in partnership with Disability Rights UK to look at ways the Civil Service can better support the careers of its 27,000 staff with disabilities and health conditions. The report claims that ensuring that disabled employees ‘fulfil their potential makes basic business sense and would significantly enhance the Service’s performance.’ It claims that there has been some progress since the last report on the subject in 1998, but that barriers remain. Nearly 9 percent of civil service employees now claim to have a disability which is more than double the reported rate of 4.1 percent in 1998. The report identifies the underlying challenges and looks to share best practice. It notes that while there is strong commitment to disability equality from senior champions, this has not been translated into line manager action and cultural change.

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MIPIM demonstrated how property industry is moving with the times

16600996569_f9cd51af5f_kIn its 26th year, the colossus conference that is MIPIM was back in full flow. With 93 countries were present, 4, 500 investors and 22, 000 registered delegates there were numerous developments presenting opportunities around the world. And crucially, there were more people apparently buying than selling, meaning that strong investment activity will follow. A dumbfounding prediction from property agent Cushman & Wakefield, that global real estate investment could rise 11% to 1.2 trillion euros – an indication of just how much healthier the market is. However, the renewed positivity isn’t simply a return to the ‘good times’, it is apparent that the pain the recession brought in 2008 hasn’t been forgotten and we are seeing a revised formula for property that includes sustainability, collaboration and – crucially – people.

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