Search Results for: economic

February 17, 2015

Employment confidence is increasing, but so is the pay divide finds CIPD

by Sara Bean • News, Public Sector, Workplace

The UK workforce is seeing an increasing pay divide between employers that can now afford to increase wages by 2 percent or more and those that are stuck in a pay freeze. According to the latest Labour Market Outlook from the CIPD, almost half of the UK workforce saw either a pay freeze or a pay cut (3% pay cut, 39% pay freeze) in the twelve months to December 2014. In contrast, a similar proportion (40%) have received a pay increase of 2 percent or more and less than a fifth (18%) fall in the middle ground of people who have received a pay increase in the 0.1-1.99 percent corridor. As well as identifying a growing pay divide, the report finds employment confidence is set to remain strong over the next three months with around two thirds of employers (65%) planning to recruit new employees.

February 13, 2015

Our personal choices can tell us a lot about the state of the economy

by Alison Kitchingman • Comment, Products, Workplace design

The announcement by Pantone that its Colour of the Year for 2014 was a muted reddish brown called Marsala was met with the annual carping about the subjectivity of the whole thing. Yet there are two things we know for sure. One is that Pantone puts a lot of time and effort into making its decision and looks at a range of social and economic factors, fashions and tastes before making its decision. The other is that this idea that you can gauge trends by tracking changes in taste has some high profile adherents. One of them is Alan Greenspan, perhaps the world’s most famous living economist, former Chairman of the Federal Reserve and a great believer in the idea that you can get a good idea of the health of the economy by looking at the length of women’s hemlines and heels and the amount of money men invest in underwear and ties.

February 11, 2015

BIFM and CIPD launch Workplace Conversation to discuss future of work

by Sara Bean • Facilities management, News, Workplace, Workplace design

The BIFM and the CIPD have launched a joint initiative that aims to examine the evolution of the working environment and the future of work. The Workplace Conversation, project, which was announced by BIFM Chief Executive, Gareth Tancred, at the Workplace Futures conference yesterday, builds on the agreement made between the two bodies last year to collaborate on ways the ‘custodians of two of the most important drivers of business performance – people and place’ could build bridges between the two disciplines. The project will aim to identify and define the challenges, ideas and opportunities on how work is enabled, both now and in the future, and will explore topics such as the emergence of new technologies, economic forces and flexible working alternatives, and their impact on business performance and the way people work.

February 9, 2015

The open plan remains an important office design element

by Paul Goodchild • Comment, Facilities management, Workplace design

For half a century the default office design model in large parts of the world has been the open plan. Even though that continues to be the case, a growing number of voices are questioning this hegemony and suggesting there may be better ways of designing offices that balance the advantages of the open plan while eliminating or mitigating drawbacks. On the face of it, the case for working in open plan offices is clear cut. Not only are they believed to be more conducive to collaborative work, open plan workstations take up around half the space of cellular offices. As well as taking up less space, a crucial consideration is that fit-out costs are typically around 25 per cent lower, even in eye wateringly expensive commercial property hotspots such as London.

February 5, 2015

Buoyant demand for commercial property across Europe, claims report

by Mark Eltringham • Company news, News, Property

Europe’s commercial property market ‘sizzled’ during 2014, according to a new report by Real Capital Analytics (RCA). Europe saw 213.1 billion euros of commercial real estate transactions in 2014, a rise of 13 percent over 2013. Paris led France to a 31 percent rise, although the French capital accounted for three quarters of demand. In contrast, demand in London fell 3 percent as high prices led investors to British regional markets, with the UK market overall up 16 percent. A similar trend emerged in Germany, where volumes in Berlin, Munich and Hamburg fell, while markets in the Ruhr, Cologne and Stuttgart strengthened. Most improved were commercial property markets in Ireland and Spain, where investment volumes soared 89 percent and 134 percent respectively.

February 3, 2015

Development of urban infrastructure held back by city leaders

by Mark Eltringham • Cities, News, Property, Public Sector

The main obstacles to the implementation of urban infrastructure are those raised by the organisations and people who do most to champion them. That is the standout finding of a new report, Urban Infrastructure Insights 2015, published by the Economic Intelligence Unit and FCC Group. The survey of more than 400 business leaders and policy makers worldwide found that a majority believe the greatest impediment to the development of urban infrastructure is a lack of will and skill amongst civic leaders and officials. Lack of political will was cited by 40 percent of respondents, alongside a lack of skills among officials (39 percent), and poor governmental effectiveness (34 percent). Lack of funds was cited by 34 percent. Policy makers were especially scathing about city leaders with more than half citing their lack of skills and knowledge.

January 27, 2015

Employers need to do more to attract and train older workers says REC

by Sara Bean • News, Workplace

Employers need to provide more training opportunities for older workers and how they advertise jobs to attract recruits over 55, according to the results of a survey issued by the Recruitment and Employment Confederation (REC). Asked to identify the most important change businesses should make to encourage applications from jobseekers aged 55 and over, almost four in ten (37%) respondents highlighted issues around advertising, while a third (34%) indicated that they should be providing more opportunities for older workers to upskill or reskill. Twenty percent said that businesses need to be more careful with language used in job adverts while 17 percent said that hirers need to look beyond posting jobs exclusively online. Evidence for the business case for retaining, retraining and recruiting older workers will be published by the Department for Work and Pensions in March.

January 21, 2015

Reports highlight the UK economy’s geographical and digital divides

by Mark Eltringham • News, Property, Technology

The divides in the UK economy are not only geographical, but also technological. That is the conclusion of two new reports into the country’s economic makeup and the differences that mark out the North and South of the UK as well as its rural and urban economies. While the Centre for Cities 2015 Outlook report has focused attention on the North South divide with widespread media coverage, the Federation of Small Business (FSB) has also identified a second split between the digital economies of urban and rural areas. The former report paints a picture of a two-speed economy and a widening gap between South-East England and the rest of the UK while the latter highlights the damage done to businesses in rural areas as they struggle to cope with sub-par broadband.

January 13, 2015

Investors priced out of London commercial property turn to regions

by Mark Eltringham • Cities, News, Property

According to a report from Reuters, foreign competition in the London commercial property market is forcing local investors to invest in regional cities to tap rising rents there, with many making purchases privately to avoid auctions or even building office blocks from scratch. Commercial property in London has become a popular safe haven for investors from places such as Russia, China and southern Europe as a result of the financial crisis, and office prices have bounced back strongly from the lows. From a $4 billion battle for control of the Canary Wharf financial district to the creation of the capital’s tallest building, The Shard, thanks to oil money from the Gulf, many of London’s landmarks have had a helpful overseas financing hand.

January 12, 2015

Lack of flexible working options is distorting the job market for women

by Mark Eltringham • Flexible working, News, Workplace

UK employers and their female employees are missing out on a range of opportunities because of their failure to implement better flexible working arrangements, according to a report from The Institute for Public Policy Research (IPPR). The report examined flexible working across Europe and found that while significant progress had been made in the UK, nearly two thirds (64 percent) of working women are unable to vary their working hours and a quarter (25 percent) claim it is difficult to take one or two hours from their day at short notice. The report claims the pent up demand for such working arrangements restricts employment opportunities for women compared to men, means more women are working in jobs below their skill level and creates the conditions for extensive underemployment.

January 8, 2015

Connecting to the workplace out of office hours can damage wellbeing

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

The use of tech outside of office hours can have a detrimental effects on workers’ wellbeing according to a paper presented this week at the British Psychological Society’s Division of Occupational Psychology conference in Glasgow. A meta-analysis by Svenja Schlachter and colleagues from the University of Surrey sought to determine the effects of being constantly “switched on” for work and found a blurring of boundaries between work and private life. The research showed that employees use a number of devices outside of office hours in the hope that staying “switched on” will increase flexibility and efficiency and because they believe there is a strong expectation to be available 24/7. This often has a negative effect on their work-life balance and increases stress.

January 6, 2015

Government should accept that self employment is the new normal for many

by Mark Eltringham • Flexible working, News, Workplace

The Government should develop more policies that meet the needs of the growing numbers of self-employed in the UK and across Europe. That is the message of a new report from think tank The Institute for Public Policy Research which points out that while 40 percent of the rise in job levels since 2010 has been in self-employment, the Government should accept this is not a blip but a structural change in the way many people work and develop appropriate policies to meet their needs. The report argues that self-employment is already the new normal for some 4 million UK workers and the Government should take steps to ensure their pensions, training and earnings are in step with the rest of the workforce.