Search Results for: economic

May 3, 2013

BIM provides opportunities for the built environment finds report

by Sara Bean • Architecture, Facilities management, Knowledge, News, Public Sector

Building Information Modelling (BIM) will raise productivity, provide better buildings, faster and cheaper and represents opportunities for the built environment to become a powerful international player. This is according to a major new report, Growth through BIM produced by Richard Saxon, the UK Government’s BIM Ambassador for Growth who concludes: “No wonder it has been mandated as government policy“. The Built Environment sector, for the purposes of his report, is defined as Property, Construction and Facilities Management, which accounts for about 15 per cent of GDP, and which he describes as: “an enabling sector, facilitating the performance of most other sectors”. More →

May 2, 2013

UK underemployment rates more accurate measure say economists

by Sara Bean • Knowledge, News, Workplace

The current economic downturn differs from previous recessions in that unemployment rates haven’t been quite as devastating, with employers opting to freeze pay rates and offer flexible working and reduced hours in order to retain staff. But according to a white paper published today this has led to an important new phenomenon – underemployment. In the latest issue of the National Institute Economic Review, economists David Bell and David Blanchflower of the University of Stirling and Dartmouth College describe workers who are underemployed when they are willing to supply more hours of work than their employers are prepared to offer. More →

May 1, 2013

Global coalition to create universal standard of property measurement

by Sara Bean • Architecture, Facilities management, News, Property

The world’s leading property institutions meet today to create a universal method of measuring property assets. At present, the way property assets – such as an office development is measured, varies widely from country to country. With so many different methods of measurement available, it makes it difficult for those looking to invest in these developments to compare like with like. This confusion can affect property values, lead to errors in financial reporting and, consequentially, undermine market confidence. Headed by RICS, this initial meeting of the International Property Measurement Standards Coalition (IPMSC) is the first step to delivering this consistency.

April 29, 2013

Lack of skills hampering business growth say UK CEOs

by Sara Bean • News, Property, Workplace

Nearly two thirds (65 per cent) of UK employers say a lack of key skills is hampering their growth prospects – with construction, mining, engineering and energy companies reporting the most chronic shortage of skilled employees. Yet, according to a PwC global survey, while three out of four UK CEOs said creating a skilled workforce should be the Government’s highest priority only a third intended to do anything about it for the coming year. Instead, they see it as a longer-term goal; with 70 per cent of respondents saying they plan to increase investment in their workforce over the next three years. More →

April 23, 2013

CIBSE creates diversity panel to reflect varied workforce

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

Efforts to encourage a more inclusive culture within the built environment appear to have moved up a gear. RIBA President Angela Brady has voiced concerns on the “gender inequality that continues to pervade the profession,” and now the Chartered Institution of Building Services Engineering (CIBSE) has launched a Diversity Panel. Formed to encourage diversity in all its forms, whether race, gender, age, sexual orientation or disability, it is made up of CIBSE members who are keen to increase the routes to the profession through educational paths and by promoting a diverse workplace. Commented CIBSE: “The employment and retention of a varied workforce is integral to meet the building services engineering skills gap and to therefore improve building performance.” More →

April 19, 2013

High wire act: balancing attitudes and expectations in the workplace

by Simon Heath • Comment, Facilities management, Property, Workplace, Workplace design

This week, with some fanfare and a modest splash on social media, CBRE, the Global real estate services provider launched The Workshop Idea. One of its stated aims is the revitalisation of our high streets and, with the introduction of local venues in a number of differing guises, an increase in the degree of choice and flexibility of places in which to work when not travelling into the office. A whitepaper is due out shortly and we will cover this specific initiative once that has been given the proper consideration and thoughtful analysis it deserves. However, it raises some initial thoughts on expectations, attitudes and behaviours that need to be overcome in the way we view our high streets and places of work and the degree to which those who provide services respond.

April 17, 2013

Older workers remain untapped resource for employers

by Sara Bean • Knowledge, Legal news, News, Workplace

Employers who ignore Britain’s growing population of older workers could suffer skills shortages and lose an important competitive edge, warns a new government guide. “Employing older workers”, published by the Department for Work and Pensions, warns that Britain is running out of workers. There are 13.5 million job vacancies which need to be filled over the next ten years, but only seven million young people are projected to leave school and college over that time. Yet despite a predicted surge in numbers of employees over 50, employers remain reluctant to recruit older people.

April 16, 2013

UK employers gain confidence to start recruitment of new staff

by Sara Bean • Knowledge, News, Public Sector, Workplace

UK businesses are slowly gaining confidence in hiring new staff this year and the majority of employers (79 per cent) don’t plan any job losses. This is according to the Barclays Job Creation Survey 2013 which found that while the proportion of larger employers that plan to create jobs this year has fallen to 65 per cent from 72 per cent in 2012, mid-sized businesses hiring intentions are up to 71 per cent from 65 per cent. The majority of those employers who do intend to hire remain cautious however, with 73 per cent planning to have sales growth lead to job creation as opposed to job creation creating sales (2012: 77 per cent).

April 15, 2013

UK firms want to stay in EU but majority favour employment law changes

by Mark Eltringham • Knowledge, News, Workplace

A new report from the British Chambers of Commerce shows that while the majority of businesses still favour the UK’s ongoing membership of the European Union, the majority would like to see significant changes in certain key legislative areas including employment law, health and safety regulations and regional development. The EU Business Barometer from the BCC gathered responses from around 4,400 firms of all sizes and from a range of sectors and found that over half (54 per cent) wanted changes to employment law, a similar proportion wanted changes to Health and Safety laws (46 per cent) and a third changes to policies related to regional development.

April 15, 2013

Better reporting required on employee engagement and wellbeing

by Sara Bean • Knowledge, News, Workplace

There is a need for more open reporting on employee engagement and wellbeing by FTSE 100 organisations according to an inaugural report into wellness by Business in the Community. The first Workwell FTSE 100 benchmark, which analysed how FTSE 100 organisations manage their 6.3 million employees gave an average score of just 21 per cent, which said BITC was “not unexpected” at this first stage of development. The highest scoring Workwell indicators were Diversity and Inclusion (at 50 per cent of total marks) and Health and Safety (at 44 per cent), showing how compliance drives measurement and reporting.

April 13, 2013

Report highlights changing occupier demands in City of London property

by Mark Eltringham • Knowledge, News, Property

A new report from DTZ has outlined the ways in which the City of London property market is changing in response to occupier demand. As has been revealed in previous recent surveys, one of the most significant factors is a shift in focus away from the City’s traditional financial services heartland towards the technology, media and telecoms (TMT) sector. Other structural changes include greater demand for different types of facilities from law firms as the legal sector adjusts to developments in its own market. The broader base of tenants and the expected economic upturn will mean a gradual improvement in demand although the report concedes that even by 2017, the market will not have returned to its peak.

April 12, 2013

Video: people feel good at work when they know it has meaning

by Mark Eltringham • Facilities management, Workplace, Workplace design

[embedplusvideo height=”151″ width=”215″ standard=”https://www.youtube.com/v/5aH2Ppjpcho?fs=1″ vars=”ytid=5aH2Ppjpcho&width=210&height=146&start=&stop=&rs=w&hd=0&autoplay=0&react=1&chapters=&notes=” id=”ep2646″ /]

More evidence stacks up about what motivates people, including in the workplace. One thing that all the research shows about how to help people feel good at work is that motivation is a complex issue. It is not about money or joy or fun or an easy life. The things that are important include the challenge of overcoming difficult problems, a sense of achievement and an understanding that the work they do is acknowledged and makes a genuine contribution. The one thing to avoid is futility and the thing to aim for is meaning even in small ways. All of this research challenges the assumption that people are essentially economic creatures and that we can make them feel better by making isolated changes to their working environment.