Search Results for: change

May 24, 2015

More intensive space use is helping to drive down office costs worldwide

by Mark Eltringham • News, Property, Workplace design

Office costs are falling worldwide, in part because occupiers are using space more intensively, according to the latest Office Thermometer report from commercial property firm DTZ. The report found that the West End of London has comfortably retained its position as the world’s most expensive location. The average annual cost of a workstation in the area is $29,000 (about £19,000), fully a third higher than second placed New York. The report found that office costs continue to fall significantly in most regions, nearly 4 percent overall on average, although there were increases in fast growing local markets, especially in the Middle East. According to the study, more intensive use of office space by occupiers, an appreciating US dollar, weak economic growth in Europe and significant new supply in emerging markets have combined to cut costs worldwide.

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May 21, 2015

TMT and finance sectors drive demand for London office construction

by Sara Bean • Facilities management, News, Property

The total level of office construction in central London has increased over the past six months, fuelled by the greatest volume of new space to start since 2011, the latest Deloitte London Office Crane Survey has revealed. With a rise of 24 per cent over the past six months, a new wave of office construction in central London is under way across almost all submarkets. This comes at a time when the level of available office space is at its lowest for seven years, with current market conditions still suggesting a short-term supply shortage. However, the ramping up of new developments over the last six months has come too late to significantly alter the delivery of new space in 2015. TMT and the financial sector are driving up demand for more office space.

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May 20, 2015

Women over 55 most likely to be business strategists, finds report

by Sara Bean • News, Workplace

A new report claims that only 8 percent of senior managers currently have ‘Strategist’ leadership capabilities and have the attributes and mind sets to lead transformational change and solve their most difficult problems. This is because employers don’t identify and empower their leaders with the right capabilities and attributes, says the report published by PwC’s Consulting practice. According to “The hidden talent: Ten ways to identify and retain transformational leaders,” the work of strategists is underpinned by inquiry-based experimentation. They see both the vision and detail, employ positive language and exercise power courageously. They understand the complexity of the environment in which they’re working and are able to employ passionate detachment. The report claims that the largest proportion of ‘Strategist’ leaders, are women over 55.

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May 19, 2015

Shared office space is redefining commercial property and the workplace

by Charles Marks • Comment, Property, Workplace design

Hive by Connection

The changing way we work presents particular challenges for the development of commercial property as well as those who specify, design and occupy workplaces. As has been highlighted many times before, the days are gone when designing an office was largely determined by the number of people who occupy it and the main determinant of the space needed for them was the size of their desks based on their status and what they did. Now, those are just some of the characteristics that need to be taken into consideration when creating workplaces, alongside others such as how much meeting and shared office space is needed, whether certain people need a dedicated workstation at all, how to give them choices about where they work and with whom and how the building can adapt to changing teams and objectives.

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May 18, 2015

European workers optimistic about the impact of workplace technology

by Mark Eltringham • Flexible working, News, Technology

The European workforce is optimistic about the impact of new and emerging workplace technology although many employers face challenges in pursuing digital business models, according to new research by Accenture. The report claims that more than four times as many workers think technology will improve their working lives than those who think it will have a negative impact. The study of over 2500 workers and 500 business leaders in the EU found that 57 percent of workers think technologies such as robots, apps, data analytics and artificial intelligence will improve their working experience versus eight percent who think it will worsen it. Fifty percent of EU workers believe that digital technology will improve their job prospects compared to 12 percent who think it will limit them.

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May 18, 2015

Management is needed to ensure people actually use sit stand workstations

by Kati Barklund • Comment, Furniture, Wellbeing, Workplace design

Lately I’ve seen many articles about sit stand workstations and references to Scandinavia where almost all of us employees have access to sit stand workstations. It is true that most of the Scandinavian employees have access to sit stand workstations and in for example in Denmark employers are required by law to provide sit stand workstations to the employees, but this does unfortunately not automatically mean that the Scandinavian employees actually stand by the workstations. Even though most of us actually know that sitting is bad for our health, wellbeing and even our performance, we tend to sit most of the time while working. It is mostly about us being used to sit while working. It is a habitual behaviour and instead we need to get new habits of standing and moving at work. Change management is needed.

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May 15, 2015

Employers embracing more collaborative hands-on learning cultures

by Sara Bean • News, Technology, Workplace

There is a growing trend for employers to create collaborative hands-on learning cultures, with internal knowledge-sharing initiatives such as job shadowing and social learning increasingly commonplace. In the latest snapshot of the annual survey of L&D professionals by the CIPD, coaching by line managers or peers was the method of learning most likely to grow in use in organisations over the next two years, according to almost two-thirds (65%) of respondents. Over half (53%) expect to see the use of in-house development programmes increase, and on-the-job training (48%) and internal knowledge sharing events (46%) are also expected to become prevalent. The findings imply a growing focus on efforts to foster a learning culture with many organisations using technology to support learning and development.

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May 14, 2015

Expert advice issued on managing mental health in the workplace

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

Mental health can affect people’s personal lives, wellbeing and morale. But it can also impact on their performance at work and be costly for businesses. That’s the message from Acas, which, to mark Mental Health Awareness Week, has issued a guide to managing mental health in the workplace. It advocates creating an environment where people feel confident they can disclose conditions to employers; that employers be aware of any changes in behaviour that might suggest they’re having problems; and suggests that if a problem is being caused by work, look into ways of facilitating changes, such as offering flexible working opportunities. It is also suggested that wellness initiatives which encourage healthy eating, exercise and mindfulness can also help to reduce the severity of mental ill health.

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May 12, 2015

Commuting costs the UK £148 billion annually, claims new report

by Mark Eltringham • Flexible working, News, Workplace

In spite of the growth of flexible working in the UK, commuting to an office each day costs British workers and the national economy some £148 billion annually. That is the key finding of a new report from recruitment firm Randstad. The study claims that an average commute for staff in the UK covers around 22 miles, taking around 43 minutes. The report claims that the time spent commuting continues to increase as people move further away from their main place of work, especially in the South East and North West of England. London workers – unsurprisingly – spend more than anybody else on commuting. There are also major differences across sectors with the workers in financial services, accountancy and IT industries subject to the most costly commutes.

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May 12, 2015

One third of global workers are finding work-life balance unattainable

by Sara Bean • Flexible working, News, Workplace

Managing work-life balance has become more difficult for a third of workers over the last five years, with Millennials most affected. After competitive pay and benefits, nearly three quarters of people questioned in a global poll (74%) felt that being able to work flexibly and still be on track for promotion, and working with colleagues who supported flexibly were the most important considerations when choosing a job. In the countries covered in the research from EY, German and Japanese workers find it hardest to create work-life balance. Globally, around half (46%) of managers are working more than 40 hour weeks and four in 10 say their hours have increased over the past five years. Nearly half of Millennials (47%) report an increase in hours compared to 38 percent for Gen X and 28 percent for Boomers.

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May 11, 2015

Does declining productivity spell the end for IT and property directors?

by John Blackwell • Comment, Facilities management, Property, Technology, Work&Place

When it comes to increasing organisational output, which in turn directly relates to real wage growth and higher living standards, the only determinant is productivity, measured in terms of output per hour worked. This is at the heart of all businesses and is essential for growth. The basic facts on productivity are clear. For over a decade, productivity has been painfully weak across all the major economies. The UK has performed particularly badly, with productivity having declined by 3.7 percent since 2008. A recent OECD report went as far as saying: “weak labour productivity since 2004 has been holding back real wages and well-being. The sustainability of economic expansion and further progress in living standards rest on boosting productivity growth, which is a key challenge for the coming years”.

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May 11, 2015

Big Data set to transform facilities management, claims report

by Mark Eltringham • Facilities management, News, Technology

A new report available at www.researchandmarkets.com claims that the facilities management sector is set to become one of the main beneficiaries of Big Data Analytics, despite the fact that it is ‘not traditionally known as a high-tech industry’. The authors of the report, Big Data Analytics in Facilities Management claim that Big Data analytics (BDA) is ‘a powerful driver for change in business and operational models to enable better informed, smarter, and faster decisions…and leaders of integrated facilities management are at the forefront of exploring trends, technologies, and wider opportunities in pursuit of greater business value. The report mentions firms such Accenture, Google, Microsoft and Planon to show the impact of Big Data on intelligent facilities management.