May 10, 2023

Majority of employees see themselves as cogs in corporate machinery

A significant majority (85 percent) of employees feel like they are just a cog in the machinery of their organisation and 43 percent have no idea how their performance contributes to business success, according to a new survey of employee experience and expectations. According to the new study [registration] from Oracle, HR leaders are struggling to keep up with changing employee expectations and this can have dire consequences for businesses. The survey of 1,000 employees and HR leaders across the United Kingdom (UK) found that despite current economic uncertainty, worker expectations are higher than ever, and HR leaders need help to get the employee experience right or risk losing profits and market share. More →

May 9, 2023

Three quarters of small business owners say overwork leads to strife at home

by Neil Franklin • News, Wellbeing

A new poll from Sky Business claims that whilst 67 percent of SME owners and decision makers would recommend someone should start their own business, more than half (54 percent) have found running their own business more stressful since the threat of impending recession in the middle of 2022. And one of the consequences of overwork for SME owners is a tendency for stress to spill over into other parts of their lives. More →

May 3, 2023

Around a quarter of jobs will shift over the next five years, WEF report claims

by Neil Franklin • News, Workplace

Almost a quarter of jobs are expected to switch in the next five years according to a new report from the World Economic Forum. Its Future of Jobs Report for 2023 suggests that employers anticipate 69 million new jobs to be created and 83 million eliminated among the 673 million jobs corresponding to the dataset, a net decrease of 14 million jobs, or 2 percent of current employment. The data is an extrapolation of data from 803 employers employing around 11 million people. More →

April 25, 2023

Employers gain nearly two weeks extra work a year from hybrid workers

by Neil Franklin • Flexible working, News

Analysis by workplace consultancy Advanced Workplace Associates (AWA) claims that on average hybrid workers deliver nearly two extra weeks of work a year for their employer as well as working harder and better in a hybrid environment. The results of the analysis — which shows the benefits of hybrid working for organisations — are a combination of academic research and studies by AWA itself. They are included in AWA’s latest report, ‘Why Employers Benefit From Hybrid Working’, which also found that employees often work better when in a distraction-free environment, with more than half their time dedicated to working alone or focussed work. More →

April 24, 2023

Reconnecting older workers with the office: have we retired what matters most?

by Julie Lecoq • Comment, Flexible working, Workplace design

Older workers now make up a larger percentage of the workforce than they did two decades ago. Data from Legal and General and the Centre for Economic Research (Cebr) suggests that the number of over 50s in employment has increased by 36 percent in the last 20 years, with 47 percent of this age group predicted to be in employment by 2030. A combination of the increase in retirement age and rising costs of living have made it a necessity for individuals to stay in work longer. From a corporate perspective, the growing skills shortages in a range of sectors has also meant that employers are consistently seeking to attract and retain those in the latter stage of their professional career. More →

April 21, 2023

Global prime office costs rise slightly, but flatline in London and New York

by Neil Franklin • News, Property

Savills latest global Prime Office Costs (SPOC) analysis has revealed that pricing for prime top-tier offices around the world has largely held steady during the first quarter of 2023, with net effective costs – the ‘all in’ cost for occupiers – increasing an average of 1.1 percent. More →

April 10, 2023

IF AI can replace what you do without anybody noticing, the problem isn’t with the technology

by Mark Eltringham • Comment, Technology, Wellbeing

Perhaps the least surprising news from the current AI media frenzy is that Buzzfeed has already been using the tech to publish a lot of its stories. There’s an obvious response to this and it’s not about how amazing the AI is. If an artificial intelligence can write vast quantities of formulaic clickbait stories on your website without anybody noticing, then the problem is with your original approach to ‘content’ and how it’s consumed. More →

April 5, 2023

Do you have a crystal ball when it comes to leading change?

by Jennifer Bryan • Comment, JB, Workplace

If you think about a change that is happening to you, in some way, right now – how are you feeling? Are you feeling scared, anxious, worried or happy, excited, looking forward to it? The same thing happens with a workplace change. Some people like the old ways of working because they are use to them, feel comfortable, they don’t have to think about it. Whereas others are looking forward to the new ways of working, as they think they are exciting, new and different. More →

March 29, 2023

Generative artificial intelligence set to boost GDP but could affect 300 million jobs

by Neil Franklin • News, Technology, Workplace

The latest developments in generative artificial intelligence could replace the equivalent of 300 million full-time jobs, a report by investment bank Goldman Sachs claims. The authors suggest that the technology could replace around a quarter of the work tasks carried out in the US and Europe but may also mean new jobs and a productivity boom. The report claims that the tech could increase total annual value of goods and services produced globally by 7 percent. More →

March 29, 2023

Rising business rates could impact affordable workspace in London

by Jayne Smith • News, Property

The 2023 business rates revaluation will come into effect on the 1st of April 2023, the first of its kind for six years and according to business rates experts at Colliers could have a material impact on the provision of affordable workspace in the capital, historically located in the “fringe” locations. Colliers claims that this is because rents and hence rateable values in fringe locations such as Hackney, Southwark and Hammersmith & Fulham have increased at a greater pace than in historic ‘core’ office locations such as the City, Islington and the West End, and those fringe locations have now become equally or in some cases more expensive locations than those in the Central London core. More →

March 29, 2023

Work-related stress costing UK economy £28bn a year

by Neil Franklin • News, Wellbeing

New data and economic modelling from AXA UK and Centre for Business and Economic Research (Cebr) claims that people are struggling with burnout and work-related stress, with an estimated £28bn lost last year due to poor mental health at work. The majority of this cost is due to loss of working days because of stress, burnout and general poor mental health, with businesses losing 23.3m working days as a result of these issues. More →

March 28, 2023

MIPIM 2023 confirms that green sells. But is commercial real estate buying?

by Anna King • Comment, Environment, Property

MIPIM may have returned last year, but 2023 was the year it felt back. That was despite widespread concerns over the rising costs of refinancing and a banking crisis that started with the collapse of Silicon Valley Bank in the US and quickly moved to Europe, with Swiss financial regulators beginning to put together during MIPIM week the deal that would see UBS buy Credit Suisse in an emergency rescue. More →