Search Results for: economic

September 26, 2016

HSBC moves 300 staff into coworking space in Hong Kong ⁰

by Mark Eltringham • Coworking, Flexible working, News, Property

The idea that coworking is primarily for the self-employed, tech startups and other small firms who can’t afford permanent offices in the world’s expensive cities has been challenged with the news HSBC has moved 300 staff into a coworking space in Hong Kong, according to a report in the South China Morning Post. The bank has rented the workstations in WeWork’s space in Causeway Bay, one of the world’s most expensive districts for offices and shops. The bank has taken out a large scale corporate membership with WeWork for the 300 members of its digital and transformation team. According to the report, a spokesman from CBRE claimed that the move is less about saving money than it is with providing short term flexibility in a time of economic uncertainty. However you view that, the bank is saving as much as HK$2.45 million a month with the move (£240,000 or $320,000). The annual cost savings are estimated at HK$23,640 per person.

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September 14, 2016

New alliance aims to help eradicate maternity discrimination at work ⁰

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

A new alliance between leading businesses and the Equality and Human Rights Commission is being launched today to combat the level of pregnancy and maternity discrimination that affects around 390,000 pregnant women and new mothers each year. A coalition of businesses in the initiative ‘Working Forward – supporting pregnancy and maternity rights’, aims to inspire other organisations to follow their example by working to eradicate discrimination from their businesses and show employers how to attract, develop and retain women at work. The launch follows the EHRC’s recent landmark research, carried out in conjunction with the former Department from Business, Innovation and Skills which highlighted that while the majority of employers say they are firm supporters of female staff during and after pregnancy and find it easy to comply with the law, three in four (77 percent) mothers say they have had a negative or possibly discriminatory experience at work.

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September 14, 2016

Study shows how a green city in the desert still has much to teach the world ⁰

by Mark Eltringham • Cities, Environment, Facilities management, Knowledge

A much publicised but occasionally troubled green city in the United Arab Emirates without light switches or water taps has much to teach people around the world about saving energy and precious resources, claims a new study from researchers at Birmingham University. With its low-rise and energy efficient buildings, smart metering, excellent public transport and extensive use of renewable energy, the 2,000 citizens of Masdar City in Abu Dhabi, are living in a place which is a ‘green’ example to city planners around the globe, claims the report. There are no light switches or water taps in Masdar City. Movement sensors control lighting and water in order to cut electricity and water consumption by 51 percent and 55 percent respectively. Masdar is a mixed use development that is the world’s first city designed to be ‘zero carbon’ and ‘zero waste’. Masdar City is a large-scale mixed use development which lies 17 kilometres south-east of the city of Abu Dhabi.

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September 13, 2016

How climate change may be affecting us in more ways than we suppose ⁰

by Mark Eltringham • Company news, Facilities management, Knowledge, News, Wellbeing

Just how affected we all are by what is going on in our surroundings is confirmed by a new academic studies which links the environment to to our moods, physical wellbeing and performance. Although we are increasingly aware of the impact the working environment has on our productivity and wellbeing, the new study from researchers at Pacific Northwest National Laboratory’s Joint Global Change Research Institute suggests we are more influenced by the global environment and climate than we might suppose. The meta-analysis of over 200 papers published in Science magazine concludes that while climate change concerns are largely focussed on its long term and worldwide effects, we should also pay attention to the effects over the short term and at local level because of the impact on individuals, businesses, society and the national economy. As well as slowing the global economy by 0.25 percent each year, it also has a profound additional effect at local levels.

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September 12, 2016

CoreNet Global 2016 summit to convene in Amsterdam this week ⁰

by Sara Bean • Company news, Events, Facilities management, Property, Wellbeing, Workplace, Workplace design

The Bigger Picture: Geopolitics, Economics and the Environment is the theme of this year’s CoreNet Global 2016 Summit – EMEA, (14-16 September). It will include sessions focusing on issues as diverse as Brexit, terrorism, disruptive technologies in real estate, the impact of geopolitics and economics on occupiers, sustainable buildings, the war for talent, and how the latest findings from neuroscience are contributing to workplace design. The summit, which is being held in Amsterdam, will host more than 500 registered delegates from 25 countries. Confirmed keynote speakers during the three day event include Mujtaba Rahman of the Eurasia Group, who will explore the current political and economic state of the EMEA region, and writer, businessman and futurologist Mark Stevenson, who will address the importance of agility and disruption. This year’s programme will also include a guided site tour of the Overhoeks mixed use development project. Registration details are available from the website.

September 9, 2016

Fall in demand for office space across the United Arab Emirates ⁰

by Sara Bean • Facilities management, News, Property

Redundancies in the oil and gas, finance and banking sectors have stifled demand for office space across the United Arab Emirates (UAE). Cluttons’ 2016 UAE Property Market Report expects declines of close to 5 percent in Abu Dhabi and Dubai, with Sharjah predicted to see declines of closer to 10 percent by the end of the year. With challenging economic conditions expected to persist in Abu Dhabi in the short term, the prospect of seeing a surge in take up activity remains low. Consolidation activity remains a dominant feature of the market, while some firms are taking a ‘wait and see’ approach to relocating from more secondary space, deterred by the capital expenditure associated with a move. In Dubai landlords’ are getting used to quieter conditions due to the emphasis occupiers are placing on budgets; while after six months of stability in Sharjah’s office rental market, rents are starting to falter, with two of the city’s three major office markets registering declines.

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September 7, 2016

Working from home just as unproductive and frustrating as working in an office ⁰

by Mark Eltringham • Flexible working, Knowledge, News, Wellbeing, Workplace design

It’s always good to see academic research supporting ideas that would appear pretty obvious but go against a widely accepted narrative. So we should all welcome the results of a new study from researchers at the London School of Economics and Political Science, which found that the perceived benefits of working from home disappear over time for both employees and organisations when homeworking is a full-time arrangement. The report concludes that while previous studies have demonstrated how home workers are more productive than office-based workers, the LSE study of more than 500 employees shows that on a long term basis, there are no differences between home and office workers. The reason, according to Dr Esther Canonico from LSE’s Department of Management, the lead author of the report, is that employees no longer see home working as a discretionary benefit or a privilege when it becomes the norm in an organisation.

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August 24, 2016

Futurist says UK gender pay gap will close much earlier than predicted ⁰

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

Following the latest report that shows that the gender pay gap is still wide open comes claims that in the UK, the gap will close within the next 30 years. That’s the view anyway of futurist, trend forecaster and journalist, James Wallman. While the World Economic Forum believes that the world-wide gender pay gap won’t close by 2133, Wallman paints a more positive picture, forecasting the UK pay gap will actually close much sooner — by 2045. His reasoning is that it’s far harder to hide wage disparity in an age of data digitisation, meaning companies are compelled to be transparent. There is manifest political will behind pay parity, with new legislation meaning that by 2018 all companies with more than 250 employees will have to publish their gender pay gap data. And he argues there are numerous economic imperatives to get women working; if the same proportion of women worked in Britain as in Sweden, it would add £170bn to the UK economy and boost GDP by 9 percent.

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August 17, 2016

Do people really matter when we design workplaces? ⁰

by Steve Maslin • Comment, Events, Facilities management, Workplace design

Some may think this is a daft question. They’ll argue that of course people matter when we design workplaces. Granted, there are those for whom the human experience of the built environment is really important. They demonstrate this it in their attitudes and actions. However, based on some of the attitudes and actions I have observed over the years, I would suggest that the belief that people really matter when some designers design workplaces for them is quite frankly all too often skin deep. How do we know this? And if we accept that it is true, it then begs the secondary question of why this should be the case. Is it entirely our fault? What might we do to address the issues? In part, we know that people haven’t really mattered enough in design because of mistakes of the past. Meanwhile, society is facing many pressing challenges, ranging from health to housing, work to economy and climate change to resource depletion.

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August 10, 2016

The solution to closing the digital skills gap starts at home ⁰

by Andrea Chadwick • Comment, Flexible working, Technology, Workplace

Much has already been written about the UK’s digital skills gap, and undoubtedly as the Government continues to develop and roll out its Digital Strategy for the nation, many more headlines will be devoted to it. For a country so focused on technological development it’s a problem which is both acute and imperative. Recent Government figures put 12.6 million Britons at risk of being left behind in terms of the skills needed for a modern economy. Parliamentary plans to address this issue focus firmly on education: including digital development as a key part of apprenticeships, encouraging vocational digital skills courses at universities, and broadening access to other educational courses to help people to learn to code. However, responsibility to upskill the nation’s workforce also resides with employers. Whether the current role demands IT skills or not, technology increasingly impacts and transforms every element of our lives.

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August 9, 2016

Time to address ‘shocking disconnect’ between boardroom and staff pay ⁰

by Sara Bean • Comment, News, Workplace

As the new prime minister Theresa May has already indicated in her tenure, the growing gap between rewards for those at the top of organisations and everyone else is hard to justify at a time when economic uncertainty is intense and corporate performance mixed. So it’s shocking to learn that the average FTSE 100 CEO earns 129 times more than the firm’s employees, receiving around £5.5 million a year, up from £4.96 million in 2014. According to the annual survey of FTSE100 CEO remuneration packages by the High Pay Centre, rewards at the top continue to grow at a double digit rate, with the most highly paid being part of an all-boys club. No woman has made it into the top ten in either of the last two years. And in contrast to the generous packages awarded to their executives, only a quarter of the 100 FTSE 100 companies are accredited by the Living Wage Foundation for paying the living wage to all their UK-based staff.

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August 8, 2016

Universal basic income is an idea whose time has come at last ⁰

by Mark Eltringham • Comment, Flexible working, Technology, Wellbeing

It is no longer a question of whether one of the world’s major economies will introduce a universal basic income for all of its citizens, but when. Over the weekend, the leader of the UK’s Labour Party Jeremy Corbyn announced in an interview in the Huffington Post that he was ‘instinctively looking’ at an idea that is already being discussed and piloted in Switzerland, the Netherlands, Norway and Canada. Corbyn may be one of the current glut of what would have once been political outliers in the Western World, but the idea of a universal basic income is one that is increasingly accepted in mainstream economic thinking. The RSA continues to campaign for it and has even put a number on it, suggesting that every UK citizen should be offered £308 between the ages of 25 and 65. Andrew Flowers offers up a masterful and detailed analysis of the economic and political issues involved in this piece on fivethirtyeight.com.