Search Results for: business

Prime office rents in London’s West End continue to rise in response to growing demand

Prime office rents in London’s West End continue to rise in response to growing demand

BNP Paribas Real Estate has predicted that super prime office rents in London’s West End could hit £300 per sq ft by December 2024, as it says demand continues to outstrip the constrained supply of spaceBNP Paribas Real Estate has predicted that super prime office rents in London’s West End could hit £300 per sq ft by December 2024, as it says demand continues to outstrip the constrained supply of space. The prediction has been made on the basis of evidence shared by an expert at the firm. BNP Paribas Real Estate West End office agent Simon Knights claims that lettings could see rents for super prime office stock reach highs of “up to £300 per square foot by December 2024” as demand continues to outstrip constrained supply. (more…)

Firms are throwing resources at AI knowing they are likely to fail

Firms are throwing resources at AI knowing they are likely to fail

three quarters of UK businesses are gearing up to invest in AI over the next 12 months without really knowing what they are doingDespite a recent track record of failure when implementing digital strategies, more than three quarters of UK businesses are gearing up to invest in artificial intelligence over the next 12 months without really knowing what they are doing. Nearly three-quarters (73 percent) admit to being ill-prepared for the integration of the technology into their operations, according to new survey. The report [registration] from tech consultancy Infinum  suggests that over two-thirds of UK businesses that invested in digital products over the past five years have faced failure and are about to invest in AI knowing of their own poor track record. (more…)

Half of people would reject a job with no flexible working

Half of people would reject a job with no flexible working

According to a new poll, a lack of flexible working would drive almost half of UK workers to reject a job offerThe latest report outlining how the lack of some or other workplace feature would lead to mass resignations and job rejections arrives from recruitment firm Robert Half. And yes, we do wish PR companies and their clients would knock it off now. If we added up all these polls, nobody would stay in or accept any job. According to the poll, a lack of flexible working would drive almost half of UK workers to reject a job offer. (more…)

Works Magazine issue number 8 lands

Works Magazine issue number 8 lands

The new digital issue of Works magazine is available for you to read, download, print and share right here.The new digital issue of Works magazine is available for you to read, download, print and share right here. In this issue: we report on the inaugural Works Place event at Material Matters in London in September; visit three new offices in London that show how outstanding offices are retaining their role in making the capital a great place to work; we speak to Andreu World about their partnership with design legend Philippe Starck; and catch up for a drink with our friends Rawside who are maintaining Clerkenwell’s reputation as a new design powerhouse. (more…)

Working while unwell doesn’t necessarily make it presenteeism, new report argues

Working while unwell doesn’t necessarily make it presenteeism, new report argues

A new report from wellbeing consultancy Robertson Cooper claims to have debunked the accepted wisdom which classifies all instances of working whilst unwell as ‘presenteeismA new report from wellbeing consultancy Robertson Cooper claims to have debunked the accepted wisdom which classifies all instances of working whilst unwell as ‘presenteeism’. The authors argue that this paves the way for a change in how organisations manage employee ill health and its relationship with productivity and absence. The research, which included consultation of the existing research on presenteeism and analysis of new data collected by the firm, categorises three types of working whilst unwell, only one of which it says should be classed as presenteeism and eradicated from businesses. (more…)

Hybrid working and technology are key drivers of change for organisations, claims report

Hybrid working and technology are key drivers of change for organisations, claims report

A new CIPD report says that technology and hybrid working have had a significant impact on people professionals and organisationsThe latest findings from the CIPD’s People Profession 2023: UK and Ireland survey report, which surveyed 1,456 HR and workplace professionals across the UK, show that technology and hybrid working have had a significant impact on their roles and organisations. The report found that rapidly evolving technology, like generative AI, is having an impact on people teams as well as the wider business. Over half of UK people professionals, 55 percent, surveyed believe that advancing technology is transforming the way HR teams operate and deliver in their role.

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Not even a third of employees say they feel engaged at work

Not even a third of employees say they feel engaged at work

Less than one-third of employees report they are engaged, enthusiastic and energised by their work, according to a new report from Gartner. The survey was showcased during the Gartner ReimagineHR Conference, which took place this week. Gartner defines engagement in three ways: employees feeling energised; employees finding purpose in their work; employees feeling empowered to do valuable work. (more…)

Manufacturers have sustainability strategies in place but progress remains slow and patchy

Manufacturers have sustainability strategies in place but progress remains slow and patchy

Two-thirds of board-level executives at UK-based manufacturing companies agree that sustainability is a high priority and a third have decarbonisation plans in place, but according to new research conducted by management consultancy, Vendigital, progress in decarbonising products, processes, and supply chains is patchy at best, and this could cause UK industry to fall behind global competitors in the race to net zero. (more…)

Real estate tech strategies advance AI, workplace and sustainability

Real estate tech strategies advance AI, workplace and sustainability

Commercial real estate occupiers are willing to put their money where the tech is, according to new polling from JLL’s 2023 Global Real Estate Technology Survey. Ninety-one percent of occupier respondents are willing to pay a premium for tech-enabled space as they look to technology for strategic value and increased revenue. In fact, real estate tech budgets are set to grow faster than investments in?headcount, footprint and operating budgets, the report suggests.  (more…)

Bold Founder Caleb Parker to launch space-as-a-service Brave Corporation

Bold Founder Caleb Parker to launch space-as-a-service Brave Corporation

The company says it will target and reposition assets in high demand markets with space-as-a-service led asset management strategiesCaleb Parker, the high profile Founder of Bold has announced the launch of Brave Corporation, a “next generation” real estate company that aims to “bridge the gap between office supply and demand to mitigate the rise of stranded assets amongst the world’s largest asset class”. Brave Corporation will work with investors to “reposition buildings to meet ESG standards and dynamic customer demand” before they risk becoming “stranded”. The company says it will target and reposition assets in high demand markets with space-as-a-service led asset management strategies. (more…)

Workplace wellness and eye health deemed essential for millennials and Gen-Z workers

Workplace wellness and eye health deemed essential for millennials and Gen-Z workers

Generation Z and millennials make up a huge part of the workforce and are only continuing to grow, and with this increase, more is being asked from the workplaces that employ them. Workplace wellness is becoming increasingly essential, especially as employee well-being decreases and affects trust in employers’ efforts. With significant economic woes and work setup changes affecting professional life, 64 percent of the UK workforce would say their overall well-being is low. As such, Gen-Z and millennial workers are demanding a greater focus on workplace wellness initiatives. (more…)

CIPD announces programme for 2023 Annual Conference and Exhibition

CIPD announces programme for 2023 Annual Conference and Exhibition

The CIPD has revealed its programme, including an exciting line-up of speakers, for its Annual Conference and Exhibition 2023, taking place at Manchester Central and online across 8-9 November. This year’s event will focus on supporting people professionals to create a bolder future for the profession. The event will provide insights into the changing world of work and key challenges facing the profession, helping HR, OD and L&D practitioners to take decisive action when confronted by these challenges in their own organisations.    (more…)