Search Results for: change

London firms paint a mixed picture in their post Brexit reaction

London firms paint a mixed picture in their post Brexit reaction 0

London Brexit response

Investment and hiring intentions remain relatively robust among London’s leading firms, despite the Brexit vote, claims a new analysis by the CBI and CBRE. Over two fifths (41 percent) of the 186 firms surveyed after the Referendum said that they planned to maintain their investment plans, with one in ten (9 percent) planning on actually increasing their plans. The demand for property from occupiers and investors also appears to remain strong. However, 16 percent of firms said they will freeze investment plans, whilst a fifth (21 percent) think they will reduce them. Half of businesses (50 percent) plan to continue to hire after the Referendum, with less than a third (29 percent) not planning to do so and 12 percent planning on reducing staff numbers. Many firms though are still considering their response to the Referendum and will be looking for a clear plan from the Government and City Hall to maintain the openness of London’s economy.

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Small firms remain sceptical about next generation technology

Small firms remain sceptical about next generation technology 0

Robots at workNew research from AXA suggests that small firms are sceptical about the prospects of technologies such as 3D printing, robotics and driverless cars affecting their workplace in the near future. While more than 40 per cent of small businesses still don’t have a website, the study of 898 firms claims that most of these plan to move online in the next twelve months. If these plans are fulfilled, only seven per cent of UK businesses will remain offline by this time next year. However, just one in five plan to migrate to the Cloud and only six per cent say they expect to adopt smart technologies. Driverless cars, which are set to hit UK roads as early as 2020, have an equally low resonance, as just eight per cent of business owners expect they will travel in one. Businesses were also highly sceptical when it comes to 3D printing. Just two per cent of UK businesses who might use the process expect to see it used here ‘during their lifetimes’.

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Smart cities will play essential role in meeting future energy demand

Smart cities will play essential role in meeting future energy demand 0

Smart citiesThe changing energy demands of British cities are revealed in a new report published by Smart Energy GB and the Centre for Economics and Business Research. The report’s central claim is that urbanisation, economic growth and new technology will drive cities to meet their energy demands with the greater use of sustainable and renewable sources. The authors claim that  this is the first time that predictions about increases in energy demand in the UK have been analysed and published on a city level. The Powering Future Cities report suggests that this growing demand will primarily be driven by urban population growth, economic growth and a predicted surge in use of new technology, including electric vehicles. The report coincides with an announcement that the World Green Building Council has created a new partnership with the World Resources Institute-led Building Efficiency Accelerator (BEA) to fast-track improvements to energy efficiency within buildings.

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Acas issues guidance for employers on impact of Olympic Games

Acas issues guidance for employers on impact of Olympic Games 0

Rio 2016New guidance from Acas has been issued to help employers prepare for potential problems with employees that could arise during the 2016 Olympics Games in Rio de Janeiro next month. With Rio 2016 taking place in Brazil between 5th and 21st August, Acas has advised employers and small businesses to have agreements in place that cover requests for time off, sickness absence, website use during working hours or watching TV during this period. It is advised that employers should start planning as soon as possible to reduce the impact that the Olympic Games could have on their business as annual leave requests could be generally higher during the summer holiday period. Employers might want to gauge the level of interest in the games with their employees, have open communications about suggested changes to working practices which balance staff request with the needs of the business to minimise any potential impact on productivity.

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Bridging the UK’s persistent productivity and digital skills gap

Bridging the UK’s persistent productivity and digital skills gap 0

Digital skillsTwo of the most persistent and related structural problems facing the UK economy are the productivity and digital skills gaps. Earlier this month, the Office for National Statistics reported that there had been a further 1.2 percent fall in productivity. Part of the reason for this is that there is an underlying digital skills gap. According to a report from Barclays, nearly a third (31 percent) of working-age adults in the UK lack even basic digital problem-solving skills which places the country comfortably below the 37 percent average across OECD countries. Despite this, a mere 38 percent of UK employers offer their workers digital skills training, perhaps because on the other side of the coin, the UK ranks highly in what the report calls ‘digital empowerment’, which it defines as  ‘the ability and desire to use one’s digital skills to work productively and creatively, and to have the opportunity to continually upgrade them to keep pace with changing technology’.

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Workplace design that hands people control is the key to their wellbeing

Workplace design that hands people control is the key to their wellbeing 0

Workplace DesignGiving employees more control over workplace design is the single most important contributing factor to their wellbeing, according to a new study. The Workplace & Wellbeing report examines the workplace design factors that influence wellbeing. The research team discovered that an invitation to participate in the design of the work environment raised levels of wellbeing, although increasing the level of participation did not necessarily increase the level of wellbeing. The research was led by the Royal College of Art’s Helen Hamlyn Centre for Design in partnership with architects Gensler and supported by a consortium of leading industry names: Milliken, Bupa, Royal Bank of Scotland, Kinnarps and Shell. The context for this project lies with a current ‘wellbeing deficit’ in the workplace which means absence from work costs the UK economy more than £14 billion a year according to the Confederation of British Industry.

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Young people entering the workforce are not prepared for office politics

Young people entering the workforce are not prepared for office politics 0

office politicsOffice politics is the one thing many young people are least prepared for when starting their first job, according to a new study by the Co-op. The study comes as many them are about to enter the workforce for the first time. With more young people opting for the world of work in the form of apprenticeships and on the job training rather than higher education, the members of ‘Generation Y’ often find they are unprepared for these softer skills needed to get on in the office according to the poll of 1,100 16-25 year olds.  Over half of young people (54 percent) said that they were not prepared or informed about office politics. The study is part of the Co-op’s campaign to champion young people in the workplace by taking a closer look at what motivates 16-25 year olds. The research suggests that young people could find it harder to express opinion and ideas in the workplace, which in turn could lead them to feel isolated and unsupported.

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Offices not yet smart enough to support new ways of working

Offices not yet smart enough to support new ways of working 0

right-information-right-technologiesEmployees believe their workplace is not making best use of latest technology, but expect this to improve as remote work begins to provide both quality of life and productivity benefits. In the latest Future Workforce Survey conducted by Dell and Intel, nearly half of global employees believe their current workplace is not smart enough, while 42 percent of millennial employees say they are willing to quit their job if technologies are not up to their standard. The research suggest that the addition of collaborative tools and innovations such as internet of things (IoT) and Virtual Reality (VR) will soon become vital to the workplace. According to the poll of nearly 4,000 full-time employees in ten countries, over half (57 percent) believe they will be working in a smart office within the next five years, while 51 percent believe that better technologies will make face-to-face meetings redundant within the next five years.

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We need to keep a more open mind about open plan office design

We need to keep a more open mind about open plan office design

BelGroup7Most people will be aware that there has been an historic and enduring debate about whether open plan offices are a good or a bad thing. Past articles whether in the Guardian, Dezeen or across the pond in the Washington Post would typically suggest that they diminish productivity and foster a number of other workplace ills. However introducing open plan design principles into your office is almost certainly a good idea. You really just need to make sure that you provide your employees with a choice of settings that allows them to work somewhere that suits the task in hand whether it’s space for concentration or privacy for confidential conversations in order to make it work. It’s a complex and contentious issue so it’s worth asking where open plan works and where it really doesn’t. If you ask many employees working in open plan offices what is bothering them, they’ll probably tell you two things: that they cannot focus and they have no privacy.

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Opportunities and challenges crystallise for smart cities and buildings

Opportunities and challenges crystallise for smart cities and buildings 0

Smart citiesGlobal law firm Osborne Clarke has released its fourth research report on smart cities and the future of the built environment. The new edition addresses a number of key issues related to the built environment and poses what it suggests are the two  key questions: How can the built environment become smarter? And what are the challenges and obstacles that might prevent this from happening? The report looks at case studies cross Europe and interviews experts in an attempt to discover how smart built environments ‘leverage data, new technology and innovative and collaborative thinking to deliver services that benefit citizens’. The report concludes that a fundamental  shift in thinking is already well underway but it is patchy and still faces a large number of major obstacles, not least a silo mentality in decision making which restricts the ability of organisations to innovate and achieve results across a broad base of objectives.

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Substantial growth in 21st Century self employment in the UK

Substantial growth in 21st Century self employment in the UK 0

self employmentThe 21st Century has seen an explosion of self employment in the UK, and most people who have become self employed have done so for positive reasons, claims a new report from the UK Government’s Office for National Statistics. According to the Trends in Self Employment Report, there are now more than 4.7 million people classified as self employed, around 15 percent of the workforce. There has been a marked upturn since the 2008 recession, an increase of 730,000 over that period. The trend to self employment has been evident since the turn of the Millennium when around 3.2 million people were classified as self employed. Between 2001 and 2015, part time self employment grew by 88 percent, compared to 25 percent for full time work, partly because of the growing number of workers choosing part time self employment before retirement. The report describes the changes as structural, which suggests that the growth will continue.

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Skyscrapers in London will be hardest hit by new business rates

Skyscrapers in London will be hardest hit by new business rates 0

Citi Tower at Canary WharfAs we reported yesterday there are plans afoot to surround the ‘Walkie Talkie’ winner of last year’s Carbuncle Cup with other tall building. However for organisations interested in occupying a London skyscraper it’s worth noting that according to Colliers, businesses in London’s twenty tallest skyscrapers can expect to pay an extra £50 million under forthcoming major changes to business rates. In a data analysis published recently, Colliers has assessed the likely effects of forthcoming business rates changes – floor-by-floor – on the occupiers of London’s twenty tallest buildings. Overall, firms will need to cough up an extra £50m as business rates bills go from £194m to £243m over the next three years. And the infamous ‘Walkie Talkie’ at 20 Fenchurch Street, and now fully occupied – will see the largest increase with office occupiers and luxury rooftop restaurants faced with a business rates bill of over £19m by 2019, an increase of £5.1m compared with current levels.

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