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Flexible office space provider LABS on why the physical office space is still strategically key

Flexible office space provider LABS on why the physical office space is still strategically key

A recent survey conducted among LABS members shows that the physical office space still has a valuable place in the mindset of how they want to work. More than seven in ten of those questioned said the office is a strategic device for their businesses, and more than 74 percent of members questioned use the office for two days or more per week.

However, working culture is still developing rapidly following the pandemic and its government-mandated full time working-from-home set up, with employers and employees carefully navigating a path that tees up with company expectations as well as staff’s desire to work remotely for part of the week, which in some cases allows them to better deal with issues such as child or elder care or just attain a better work/life balance. Companies are clearly grappling with the complexities of managing diverse teams with varying needs and preferences. The seniority of employees and their distinct working styles play a crucial role in determining the feasibility and desirability of remote work.

While the Office for National Statistics reveals that 40 percent of civil servants in the UK are still working from home there is a definite flip side in the private sector. In the spring of this year, Bloomberg reported that, following a large-scale layoff programme in the tech sector, Meta CEO Mark Zuckerberg has asked its staff to “find more opportunities to work with your colleagues in person.” This is the latest in a long line of high-profile firms to reverse their work-from-home policies including Starbucks and Walt Disney Co. Other firms in the pro-return to the office camp include Goldman Sachs, Morgan Stanley, Apple, and Peloton with the CEO of JP Morgan stating that he doesn’t believe working from home works for managers or younger members of staff. Bloomberg itself has set a minimum presence in the office of three days per week.

Amazon too has a thrice weekly attendance policy which kicked in last month in light of CEO Andy Jassy saying on the firm’s blog that “There is something about being face-to-face with somebody, looking them in the eye and seeing they’re fully immersed in whatever you’re discussing that bonds people together.” General Motors’ management shares Amazon’s three days per week requirement which came into force at the beginning of 2023, which some staff took as a U-turn in company policy from encouraging colleagues to ‘Work Appropriately’.

 

Making the office the destination of choice

As well as incentives such as free food and drinks, access to facilities including gyms and opportunities to come together at work socials, the chairman of PwC believes that AI has its part to play in luring people from their home offices. The Times recently reported that Kevin Ellis thinks that as people feel pressure from the capabilities of the likes of Chat GPT, they are more likely to want to be in the office near colleagues they can collaborate and learn from.

In a company-wide presentation, the professional services giant explained to staff how AI has the potential to fast-track trainees by a couple of years but with that accelerated knowledge base comes a responsibility to be able to coach and manage others that traditionally would have taken place over a longer period. Ellis said at the time that “people are going to want to learn from others face-to-face and the best way a human can differentiate themselves from a robot is in person.”

It’s fair to say then that the mood may well be shifting from the ‘work from anywhere’ easy come easy go attitudes of 2021 and last year. As companies continue to navigate the choppy waters of political unease in Ukraine, the continuing impact of Brexit and the worldwide inflation rates not to mention the global cost of living crisis so they are increasingly calling for near full-time attendance, symbolising a return to pre-pandemic norms, to stay competitive.

Being present in the office has many well-documented advantages such as fostering creativity, encouraging and engendering a sense of culture. And there are positive signs among LABS members too, with over three quarters of them enjoying working from the office most of the time with over half citing colleague relationships as the most important aspect of an office, up by 4 percent year on year.

Given the aforementioned global political uncertainty and economic strife, flexibility and choice for occupiers as well as employees are key components of our current work culture. In this way, workplace strategies can easily shift to address sudden changes. Which is where LABS’ turnkey solutions, available in various shapes and sizes, come in with flexible tenancy arrangements and inspiring amenities. In this way LABS can help optimise a workplace model that works for everyone.

Younger workers are the least likely to favour hybrid working

Younger workers are the least likely to favour hybrid working

The appeal of hybrid working is linked to the life and career stage of employeesNew research has revealed the nuances in attitudes towards hybrid working and work-life balance in the UK and US. Perhaps unsurprisingly, the appeal of hybrid work is linked to the life and career stage of employees. The poll from United Culture suggests that work-life balance is the factor most valued by employees at work (58 percent), but is much more appealing to women than men (66 percent vs. 52 percent). Flexibility came in second place, chosen by 47 percent. (more…)

Artificial intelligence will boost short term headcount, claim half of employers

Artificial intelligence will boost short term headcount, claim half of employers

More than half (54 percent) of Britain’s employers expect Artificial Intelligence (AI) technologies will have a positive impact on their staff headcount over the next two yearsMore than half (54 percent) of Britain’s employers expect Artificial Intelligence (AI) technologies will have a positive impact on their staff headcount over the next two years, according to a survey by Experis, a part of ManpowerGroup.  The survey of 2,000+ British employers also suggests that more than two thirds (69 percent) of businesses expect AI tools and technologies – including ChatGPT, Machine Learning and Virtual Reality – to have a positive impact on upskilling and reskilling, as well as on employee training (68 percent). 67 percent of British organisations anticipate a positive impact on employee engagement because of AI technology, and 60 percent think it can positively impact the onboarding process too. (more…)

What are the main issues that stop people embracing change?

What are the main issues that stop people embracing change?

Taking a people centric approach means looking at resistance to change through a different lens.Many times we talk about resistance – the resistance to change – how we manage it, the reluctance of having to deal with it, the disruption it causes either positively or negatively.  But rarely do we talk about why people are resisting – what is driving the resistance. (more…)

Flexible working means large firms plan to work with less but better office space

Flexible working means large firms plan to work with less but better office space

Around half of the world’s larger multinationals are planning to cut back on their office estate in response to the rise of hybrid and flexible workingAround half of the world’s larger multinationals are planning to cut back on their office estate in response to the rise of flexible and hybrid working, according to a new report from Knight Frank. According to the study, 50 percent of employers with more than 50,000 staff worldwide will reduce their office space by between 10 and 20 percent over the next three years. However smaller firms are set to increase their demand for office space according to the real estate advisor. (more…)

Refurbishment of 25 Hanover Square commences

Refurbishment of 25 Hanover Square commences

Major alterations have begun on the refurbishment of 25 Hanover Square, completing the regeneration of a prominent corner site in London’s MayfairMajor work has begun on the refurbishment of 25 Hanover Square, completing the regeneration of a prominent corner site in London’s Mayfair with a 7-storey premium office building. This collaborative project between multiple stakeholders, including architects, interior designers and workplace experts Basha-Franklin, and asset and development manager Morgan Capital, has been holistically designed to fit the aesthetic of one of London’s most recognisable and historic garden squares.   (more…)

Surge in employee turnover suggest that the ‘Great Resignation’ is still with us

Surge in employee turnover suggest that the ‘Great Resignation’ is still with us

A new report claims that the level of job turnover suggests that the so-called Great Resignation may be far from overOver the past year, 55 percent of working adults have either started a new job or are looking for one, according to a report [registration] published by insurance firm YuLife. The poll  suggests that a further 35 percent of working adults say it is likely they will consider changing jobs within the next year.  The report claims that these findings suggest that the so-called Great Resignation may be far from over. The report also claims that high levels of stress characterize the modern workplace, and businesses which proactively address employees’ concerns around stress and invest in their wellbeing benefit from reduced churn and turnover. (more…)

Hybrid working, work from anywhere and the evolution of the Third Place

Hybrid working, work from anywhere and the evolution of the Third Place

Two people working separately in neighbouring booths in an office to illustrate the principle of third place facilities in hybrid working cultures. The restrictions brought about by COVID-19 altered where we work and thus also how, when and through which channels we do work related activities. These changes radically altered the way previously office-based workers thought about ‘work’ as an activity. This new era of hybrid working had a significant impact on traditional models of workplace provisioning. One could argue that pre-COVID-19 the ‘work mindset’ was almost an afterthought because there were distinguishing markers that indicated when you were expected to work and when you were not. If you were in the office, then you were expected to be doing work-related tasks. Then, at the literal end of the day, you switched off your computer and went home and mentally ‘turned-off’ until you returned to work the next morning. (more…)

BCO Awards for Central England continue focus on wellbeing and the environment

BCO Awards for Central England continue focus on wellbeing and the environment

the BCO Awards for the region set out to recognise projects that demonstrate best practice in office design, fit-out, operation and sustainabilityWhat are claimed to be the Midlands and Central England’s most outstanding workplaces have been announced, with British Council for Offices Awards going to five office buildings across the region. Held at ICC in Birmingham, the BCO Awards for the region set out to recognise projects that demonstrate best practice in office design, fit-out, operation and sustainability. The organisers claims that the winners of this year’s competition in the Midlands and Central England stand out for their user-centred design credentials, as well as their creative implementation of wellbeing and sustainability measures. (more…)

Many people think workplace is a greater source of stress than a relationship breakdown

Many people think workplace is a greater source of stress than a relationship breakdown

A new poll claims that workplace stress is having a greater impact on individuals than relationship breakdowns for many people.A new poll claims that workplace stress is seen as having a greater impact by many people, compared to relationship breakdowns. According to the survey conducted by Westfield Health, more than a quarter of workers (27 percent) ranked their job as more stressful than a relationship breakdown (8 percent). These worrying statistics highlight the negative effects of workplace stress on individuals, surpassing even stressful personal circumstances. (more…)

Hybrid working averse businesses missing out on €113 billion opportunity

Hybrid working averse businesses missing out on €113 billion opportunity

European businesses continue to miss out on the full potential of hybrid working, according to a new survey from Ricoh EuropeEuropean businesses continue to miss out on the full potential of hybrid working, according to a new survey from Ricoh Europe.  The research, conducted by Opinium and analysed by CEBR, polled 6,000 workers and 1,500 decision makers across Europe. Business leaders say that workers are, on average, 4 percent more productive in a hybrid culture, equivalent to an additional €113 billion to the European economy compared with pre-pandemic ways of working. (more…)

Hybrid working is a potential deal breaker for two thirds of tech workers

Hybrid working is a potential deal breaker for two thirds of tech workers

The report claims that a flexible working policy is considered a high priority by 78 percent of tech employees and a hybrid working policy by 67 percent of tech employeesA new report claims that 7 in 10 UK tech workers now consider hybrid working a key factor when considering a future employer. That is according to The Scaleup Culture Report [registration] from Techspace, based on a YouGov survey of 1,000 tech workers. The report claims that a flexible working policy is considered a high priority by 78 percent of tech employees and a hybrid working policy by 67 percent of tech employees. Other important factors include flexible working policies and opportunities for career development. These statistics have exposed a new factor that will determine startups’ competitiveness in the job market. (more…)