Search Results for: economic

March 29, 2013

We shape the world’s cities, then they shape us

by Mark Eltringham • Architecture, Comment, Knowledge, Property

The story of the world’s cities is often told not in words but in numbers. This is especially the case with the megacities – those with a population in excess of 10 million – which obtain enough critical mass not only to produce eye boggling statistics but also to distort the fabric of whole regions and change the way people live and behave. This is true for the established megacities of London, New York and Tokyo as well as the emerging global metropolises in Sao Paolo, Beijing, Mumbai, Shanghai, Cairo and Istanbul. It is also increasingly true for cities many people have never heard of.

March 28, 2013

Majority of employers intend to hire permanent staff

by Sara Bean • Knowledge, News, Workplace

More positive signs on the jobs front today with the news that despite continuing to face a challenging economic climate, the majority of employers are still planning to increase or maintain their permanent staff over the next three months. This is according to the Recruitment and Employment Confederation’s (REC) latest JobsOutlook survey. REC director of policy Tom Hadley said: “Our latest data shows the majority of employers are planning to increase or maintain their permanent headcount over the next quarter which suggests that the jobs market will continue to outperform the rest of the economy in the short term. Although the ONS reported a rise in unemployment last week, it is important to emphasise that the employment figures were also up.” More →

March 22, 2013

Employers’ lack of media savvy is stifling innovation

by Sara Bean • Knowledge, News, Technology, Workplace

A resistance to change and a lack of social media savvy amongst senior leaders is holding organisations back from fostering cultures of openness, collaboration and innovation in their organisations. Social media is driving us headlong into an age of mass collaboration and mass transparency, and if employers don’t embrace this with open arms they will find themselves on the back foot argues the CIPD. Jonny Gifford, research adviser at the Chartered HR and development professional body, comments: “For organisations to thrive, employees must be given the opportunity to discuss how their organisations can innovate and feed their views upwards, as well as having the freedom to blow the whistle about genuine issues at work.

March 21, 2013

$16m revamp of High Commission in London to showcase Canada’s identity

by Mark Eltringham • Architecture, News, Property, Workplace design

As part of the Canadian government’s consolidation of its diplomatic mission in the UK, it has put up for sale MacDonald House in Grosvenor Square in London and will look to develop its other main building Canada House in Trafalgar Square. MacDonald House was formerly the American Embassy until 1961 and the Canadian Government has been looking to consolidate its operations for a number of years. As well as moving its functions under one roof, the Government has earmarked $16 million for a revamp of Canada House which will also be designed to showcase Canadian values and know-how.

March 20, 2013

Government should engage suppliers to address green supply failings

by Mark Eltringham • Environment, Products, Public Sector

The UK’s National Audit Office has published a new report on the Government’s record on sustainable procurement which suggests that policy has focussed on cost savings and budget cuts at the expense of sustainability. The briefing document on sustainable procurement is a response to a request from the Environmental Audit Committee and paints a clear picture of the conflict between two key areas of economic policy which many experts argue should go hand in hand when managed intelligently. However a sign of the Government’s priorities may have been clear when the Cabinet Office abolished the post of Chief Sustainability Officer and close the Green Government Unit in 2011.

March 19, 2013

Survey: Work and poor management biggest cause of stress

by Sara Bean • News, Workplace

Work is the most stressful factor in people’s lives with one in three people (34 per cent) saying their work life was either very or quite stressful – and the top cause (32 per cent) is frustration with poor management. Research commissioned by Mind found work more stressful than debt or financial problems (30 per cent) or health (17 per cent). However, employees don’t believe that managers are actively tackling causes of stress in the workplace, with only one in five people saying they felt their line manager took active steps to help staff manage stress (22%) or mental health conditions (19%).

March 15, 2013

Call for budget to help construction sector growth

by Sara Bean • News, Property, Public Sector

The Treasury

Leading environmental and building construction bodies are calling on the Government to help grow the built environment in next week’s budget. The UK Green Building Council (UK-GBC) is urging the Chancellor to use the Budget 2013 to demonstrate the Coalition’s commitment to energy efficiency as a key driver of green growth and provide a boost to the construction sector. And in a list of requests, RICS asks the government to visibly promote public sector construction contracts, meaning smaller firms across the UK are aware of projects and able to directly bid for work.

March 13, 2013

UK Government reports £1 billion sale of unwanted properties

by Mark Eltringham • Architecture, News, Property

The Cabinet Office minister Francis Maude has claimed that central Government departments in the UK have now raised more than £1 billion by selling unused property since 2010. He also claimed that government departments have saved an additional £168 million with the termination of leases on unwanted buildings. The landmark figure was reached with the sale of St. Dunstan’s House (above), formerly home to the Ministry of Justice to Taylor Wimpey who will be converting the site into – what else? – a residential project of 76 apartments designed by David Walker Architects.

March 12, 2013

Employers vastly underestimate savings of freeing up desks

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

The latest salvo in the flexible working debate is a study which reveals that despite potential savings of around £34bn by freeing up desk space and working more flexibly, the majority of UK business leaders grossly underestimate what it is possible to save with two out of three (65 per cent) insisting they can’t lose any desks. According to a Vodafone UK survey one in five of those surveyed thought that their employees remained rooted to the old principle that all employees should have their own desk space (21 per cent) and flexible working ultimately leads to employees taking advantage of the system (23 per cent).

March 11, 2013

Hong Kong and London world’s most expensive cities for start ups

by Mark Eltringham • Knowledge, News, Property

A new report from property consultants Savills based on the total cost of setting up in business in the world’s major cities has today revealed that Hong Kong is the most expensive of the ten cities in which to locate, with London in second place and New York a close third. The total real estate cost of setting up business in all three cities is now almost three times that in the best priced world capitals, Shanghai and Mumbai. The report will be published in full on the 20^th March as The World Cities Review and includes measures of headline rent, tax and other charges.

March 7, 2013

Green Construction Board publishes carbon emissions routemap

by Sara Bean • Environment, Knowledge, News, Property

Carbon

The Green Construction Board has called for urgent action to reduce carbon emissions as it published a new plan for the sector to meet national carbon reduction targets. The Low Carbon Routemap for the Built Environment, launched at this week’s Ecobuild sets out what is required from the construction industry to achieve its UK government target of an 80 per cent reduction in greenhouse gas emissions from 1990 levels by 2050. The GCB also published its ‘Top Twenty Tips’ for greening the industry with a case study engine showing examples of good practice. More →

March 7, 2013

UK workers’ real wages have fallen furthest

by Sara Bean • Legal news, News, Workplace

pay squeeze

British workers have seen the biggest fall in wage value among the world’s wealthiest countries, according to a TUC report on the global economic race published today. Between 2007 and 2011 – real wages fell by 4.5 per cent in the UK, falling at nearly twice the rate of Spain – the next worst-performing economy that year. However, as we reported last month lower wages appear to be contributing to higher employment rates in the UK compared to countries where pay rates are higher, such as Spain and Italy.