Search Results for: economic

BCFA rebrands to shape the future of commercial interiors

BCFA rebrands to shape the future of commercial interiors

A modern office interior to demonstrate the new approach to commercial interiorsCommercial Interiors UK, is to be the new name for the BCFA – the UK’s largest trade association representing the commercial interiors sector. Its 250+ members represent leading manufacturers, suppliers, and designers – all shaping inspirational commercial interiors internationally. The rebrand comes after an in-depth strategic review ensuring that this highly respected trade association continues to deliver unrivalled support to its members, addressing the business challenges they face, and in doing so, championing issues affecting the commercial interiors sector as a whole. More →

Corporate real estate sector facing up to tough year ahead

Corporate real estate sector facing up to tough year ahead

A person walks down an empty street in a central business district to reflect concerns about corporate real estateCorporate real estate business confidence and expectations of profitability have dropped to a low level, reflecting widespread industry concerns across an array of indicators for the business, political and real estate environments. Emerging Trends in Real Estate Europe 2023 is the twentieth annual survey by the Urban Land Institute (ULI) and PwC UK of European real estate sector leaders’ expectations for the year ahead. Based on the views of around 900 real estate leaders from across Europe, the report claims that 91 percent concerned about inflation, closely followed by interest rate movements (89 percent) and European economic growth (88 percent). Political uncertainty at the global, regional and national levels are of high concern as well. More →

Are digital skills the key to a happier, more productive workforce?

Are digital skills the key to a happier, more productive workforce?

A group of workers at a laptop to illustrate the importance of digital skillsThe rising cost-of-living is impacting life and work in all four corners of the UK. Research from BCC has found that businesses feel compelled to increase their own prices. With costs rising, businesses are facing growing pressures. Not least the need to attract and retain the talent they can depend on to deliver. Research has shown that taking time to upskill current employees, especially in terms of their digital skills, benefits both productivity and engagement at all levels of an organisation. Our own Tech and Battle for Talent report recognises that 42 percent of employees in organisations across the UK would be more likely to stay in their current role if employers provided regular and intensive training, while 47 percent would be happier. More →

Bisley gifts staff over half of company in legacy move

Bisley gifts staff over half of company in legacy move

A n attractive Bisley workstation in a home settingBisley’s CEO, Richard Costin has announced that Anthony Brown, the owner of Newport based office furniture designer and manufacturing firm, Bisley, has established an Employee Ownership Trust (EOT), gifting the employees 51 percent of the shares in the firm. Since joining Bisley in February 2020, Richard has been working closely with Mr Brown, regarding the business succession plan and the long-term future of Bisley and its employees. More →

The underlying problems with the way we think about work

The underlying problems with the way we think about work

people and workAn idea that has never really gone away, but which seems to be enjoying a new lease of life is the tabula rasa. The conception of people as a blank slate is something a that has crept back into mainstream political and social thought for a variety of reasons. Arguably, it is also behind many of the most misleading notions about work and workplace design, perhaps most importantly that a change to some single element or characteristic of a working environment will lead to a specific outcome in the behaviour of people. More →

Hybrid working balance isn’t right for a third of people

Hybrid working balance isn’t right for a third of people

An isolated house to depict the loneliness for some people of hybrid workingSome 39 percent of office workers are so-called hybrid “misfits” and don’t have the right balance of home and office working, a survey funded by the Economic and Social Research Council claims. The researchers discovered that workers who were in the office more often than they wanted were more likely to want to change jobs, have lower job satisfaction and have worse work-life balance.??The research suggests that office working is often beneficial for people who are able to enjoy hybrid working. More →

Digital skills shortage costs the UK economy £12.8 billion

Digital skills shortage costs the UK economy £12.8 billion

digital skillsWith more than 5 million Brits unable to carry out simple online tasks like sending emails or using the internet, new research reveals UK workers are missing out on additional earnings of £5.69 billion due to a lack of digital skills according to Virgin Media O2 and economic modelling from Cebr. As the UK faces ongoing economic instability and with an uncertain jobs market, the research claims that a lack of adequate digital skills could exacerbate problems being faced by cash-strapped Brits struggling to make ends meet. More than a third of Brits (34 percent) feel a lack of digital skills training has held back their earning potential already, and almost a third say they need digital skills so they can shop around for deals and save money – amid rising anxiety over the cost of living.   More →

Working habits are changing in response to cost of living increases

Working habits are changing in response to cost of living increases

commuters in London to illustrate changing working habitsThe so-called cost of living crisis is having a fundamental impact on people’s working habits, according to Beamery’s latest Talent Index – Sixth Edition. Almost a third (29 percent) of workers polled for the report are now avoiding the office because of the increasing cost of travel whilst another third cited (31 percent) they were considering leaving their jobs completely due to lack of salary increases. More →

Flexible working may help to entice large numbers of older people back into work

Flexible working may help to entice large numbers of older people back into work

A middle aged man in a suit to portray flexible working for older workersThere are 712,000 additional people aged over 50 who are economically inactive compared with the same period three years ago (pre-covid pandemic), according to new analysis from Rest Less, a digital community and advocate group for people in their 50s, 60s and beyond. The organisation is now calling on firms to ensure their flexible working practices and in-house training schemes are suitable for all age groups and not just targeted at younger people. More →

Office fit out and rent rises will hit occupiers worldwide this year

Office fit out and rent rises will hit occupiers worldwide this year

commercial property and office fit outOccupiers around the world are facing a 10 percent increase in office fit out costs with rental rises also squeezing budgets for those in EMEA, according to a new report from Savills. The firm’s Prime Office Costs (SPOC) analysis for Q3 2022 suggests that fit-out costs in key office markets around the world have continued to climb with inflation, rising an average of 10%, with increased rents in many markets also contributing to higher total net effective costs for office occupiers. Overall, the markets which have seen the largest increases in net effective costs (including fit-out costs, rents and other costs) over the quarter are largely clustered in the EMEA region, including Dublin (+7%), London City (+5%), Dubai (+3%), and Berlin (+3%). More →

Office utilisation in US returning to pre-pandemic levels, but structural changes remain

Office utilisation in US returning to pre-pandemic levels, but structural changes remain

office utilisation returning to normal?A new report from JLL claims that utilisation rates of US offices are returning to something closer to those of the pre-pandemic world, although hybrid working remains a far more widespread working practice than before. In addition, the focus of the market is shifting away from major city centres towards smaller, regional towns and cities. The US Office Outlook Report [registration] also suggests that higher quality office space is essential as lower grade offices are more likely to remain abandoned. More →

Transparency and collaboration key to real estate decarbonisation

Transparency and collaboration key to real estate decarbonisation

An image of the Earth to represent decarbonisationThe Urban Land Institute (ULI) has warned of a ‘carbon bubble’ in the pricing of European real estate and urged the industry to work together to preserve values across the sector as it aims to meet the decarbonisation targets set in the Paris Agreement. To support a more collaborative approach, at the inaugural ULI C Change Summit, the institute has published its Transition Risk Assessment Consultation Guidelines as part of its C Change programme. These guidelines set out a standardised method for assessing the costs of decarbonising buildings and disclosing between owners, investors, potential buyers, and valuers the main transition risks and impact on values. More →