Search Results for: economic

Help over-50s and other groups into self-employment to boost economy, say MPs

Help over-50s and other groups into self-employment to boost economy, say MPs

a new scheme developed to encourage people to set up their own businesses and move into self-employmentThe UK Government’s Work and Pensions Committee has called for more employment support to address economic inactivity. The support for helping people into work should be widened to those not on benefits, with a new scheme developed to encourage people to set up their own businesses and move into self-employment. The Committee has also called for more focus to be given to measures to help young people, the over 50s and people with disabilities and long-term health conditions find and stay in work. (more…)

To boost productivity in the UK, we need to think big and different

To boost productivity in the UK, we need to think big and different

olicymakers, businesses, and society must recognise the importance of productivity and collaborate to implement the necessary reforms and initiatives to unlock the country's full economic potentialThe decline in UK productivity since the Great Recession of 2008/2009 has been a matter of concern for business leaders, policymakers, and economists alike. Despite hopes that the pandemic would act as a catalyst for transformation and boost productivity, recent figures from the Office for National Statistics (ONS) show that the UK still lags behind several other G7 economies. (more…)

Despina Katsikakis elected President of the British Council for Offices

Despina Katsikakis elected President of the British Council for Offices

Despina Katsikakis, Executive Partner & Global Lead, Total Workplace at Cushman & Wakefield, has been elected as President of the British Council for Offices (BCO)Despina Katsikakis, Executive Partner & Global Lead, Total Workplace at Cushman & Wakefield, has been elected as President of the British Council for Offices (BCO) with immediate effect. She succeeds Mark Kowal, Partner at Sheppard Robson. Peter Crowther, Managing Director at Bruntwood, becomes Senior Vice President. (more…)

Generations in the workplace: setting the record straight

Generations in the workplace: setting the record straight

A middle aged man and a younger male colleague sit in comfortable chairs having a conversation to illustrate a conversation between generations of workersIf there were an algorithm to create a word cloud in response to searches for ‘What millennials want in the workplace?’, you’d expect to see Google spew out terms such as ‘flexibility’, ‘meaning’, ‘fairness’, ‘equality’, ‘inclusivity’, ‘opportunity’, ‘connections’, ‘socialising’ and ‘experience’. Do the same with ‘Gen Z’ replacing ‘millennials’ and – guess what – you’ll see the exact same word cloud, although perhaps in a different colour and order so you don’t think it’s based on the same homogeneous assumptions about younger generations. (more…)

Improved support for menopause could help women stay in work

Improved support for menopause could help women stay in work

more than half (54 percent) feel it would be difficult for them to raise issues, including menopause, with their employersWomen in the UK are urging politicians and business leaders to take steps that help them remain productive in the workforce for longer, as research shows more than half (54 percent) feel it would be difficult for them to raise issues, including menopause, with their employers and three fifths would also feel uncomfortable bringing up health and wellbeing issues with a male manager. (more…)

Half of traditional non-tech firms now consider themselves tech firms

Half of traditional non-tech firms now consider themselves tech firms

Nearly half (49 percent) of ‘traditional’ enterprises now consider themselves tech firms, and are adopting more ‘tech-like’ strategies, roles and tools to drive innovation and growth.The pandemic years forced traditional industries to digitise their operations at speed, but three years on, non-tech enterprises across the UK – from sectors including finance, advertising, manufacturing and more – are actively embracing the ‘tech mindset’ more than ever, according to a new report. The poll from Pendo [registration], claims that nearly half (49 percent) of ‘traditional’ enterprises now consider themselves tech firms, and are adopting more ‘tech-like’ strategies, roles and tools to drive innovation and growth. (more…)

City dwellers take advantage of hybrid working to relocate to suburbs, towns and countryside

City dwellers take advantage of hybrid working to relocate to suburbs, towns and countryside

A new report claims that suburbs and small towns across are booming, as people take advantage of hybrid working to migrate from larger citiesA new report from IWG claims that suburbs, small towns and rural areas across the US and UK are booming, as people take advantage of hybrid working to migrate from larger cities. The study, undertaken in partnership with Arup, suggests that an estimated 500,000 people will leave US cities this year – 59 percent higher than pre-2020 levels – with most moving to suburbs, revitalised former dormitory towns and rural areas. Similarly, outbound migration across the UK is continuing at a faster rate than pre-pandemic levels, and there is strong evidence that suburbs and small towns have higher levels of economic activity than before 2020. (more…)

A balanced approach: making hybrid working work, and accepting it isn’t optional

A balanced approach: making hybrid working work, and accepting it isn’t optional

For most, there needs to be an acceptance that hybrid working is a long-term project – even if there is some short-term painHybrid working is back in the headlines – not that it ever really left. A recent report from the Centre for Cities warns hybrid working will result in an “unintended economic impact” and is calling on national government and the mayor of London to do more to remove barriers to getting people back into the office. It suggests a freeze on commuting costs and calls for better collaboration between the private and public sectors to make working in cities more appealing. (more…)

Over half a million people with long-term sickness want return to work

Over half a million people with long-term sickness want return to work

between January-December 2022, nearly a quarter (22 percent) of those forced out of the workplace because of long-term sickness said that they wanted a jobAnalysis of Office for National Statistics (ONS) data from consultants Broadstone, claims that between January-December 2022, nearly a quarter (22 percent) of those forced out of the workplace because of long-term sickness said that they wanted a job. With economic inactivity because of ill-health surging to 2.6 million people as per the latest estimates through February-April 2023, it suggests that over half a million people – around 560,000 – are keen to return to employment so long as they can improve their health. According to the firm, would be a major boost to the UK economy, employers struggling with staff shortages and employees grappling with the continued cost of living crisis. (more…)

Four in ten workers do not feel secure in their jobs

Four in ten workers do not feel secure in their jobs

Companies are in danger of losing top talent due to lack of flexible workingAlmost four in 10 workers (38 percent) do not feel secure in their jobs, as lay-offs across industries continue to bite, claimsthe ADP Research Institute’s People at Work 2023: A Global Workforce View. Feelings of job insecurity are highest among the young. According to the survey of over 32,000 workers in 17 countries, half (50 percent) of Gen Z (those in the 18–24-year-old age bracket) say they don’t feel secure in their job. This is double the proportion of over 55s who say the same (24 percent). (more…)

Are workplace gyms and other perks out of step with hybrid working?

Are workplace gyms and other perks out of step with hybrid working?

Are workplace gyms and other traditional workplace perks still as relevant in the hybrid working era, asks Anthony ThompsonIt should go without saying that looking after employee mental health and wellbeing is important. If employers do not prioritise employee wellbeing, the whole team can feel the impact of this. There is compelling evidence that suggests strong employee wellbeing is a precursor to a more resilient workforce, which enjoys better staff retention, engagement and productivity, as well as reduced absenteeism. (more…)

Embrace the chaos: the office must find a new purpose, conference concludes

Embrace the chaos: the office must find a new purpose, conference concludes

The British Council for Offices (BCO) annual conference, this year hosted in Dublin, addressed the purpose of the office in the context of the evolving world of work

What is the purpose of the office? That was the central question at this year’s British Council for Offices (BCO) conference which took place in Dublin. A big ask.

Nonetheless, the speakers and delegates that arrived in Dublin were up for the task. In the opening address, BCO senior VP & conference chair Despina Katsikakis promised delegates the conference would explore and untangle the intricate elements of the ecosystem that must seamlessly merge tech-led work, play and… well, survival. The focus of the two-day event (or three for those who like golf) was to devise strategies to design, build and manage vibrant and inspiring workplaces that foster the wellbeing and advancement of the individuals and communities they serve, all while promoting social, economic, and environmental sustainability.

As one would perhaps expect from a BCO conference, several speakers made a case for the office, including Davina Saint, director of the Irish National Assets Management Agency. Nobody relates naturally with screens or virtual protocols, she said, so we need to embrace the idea of social capital: “It makes organisations go around,” she said. “It’s the electricity in the machine. The shift to remote working has dented social capital. There’s less connection and more isolation. Productivity and innovation have also taken a dive.”

“I believe strongly in the office,” said Niall Gaffney, CEO of Ireland’s largest office landlord IPUT, during the developer’s panel. Fellow panellist Kevin Nowlan, senior advisor to Hibernia Real Estate Group, agreed: “Culture and life comes from people being and working together.” The workplace will play a key role in reinventing cities, they chimed in unison. Why? “Because the office is where the magic and inspiration happen,” Saint said. “It’s where the social heart of an organisation can beat.”

[perfectpullquote align=”right” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]As the audience were reminded throughout the conference, many people meet their partners at work[/perfectpullquote]

But it goes beyond business. As the audience were reminded throughout the conference, many people meet their partners at work. If marriages are born out of proximity rather than heaven, perhaps that means there will be fewer weddings, fewer children. That musing may well prompt a shrug in response but it’s worth noting there’s already a dwindling workforce. Yes, borders are clamping shut, but it may also be because people aren’t having children as often as they used to. Last year, the Financial Times, citing Office for National Statistics data, revealed that the “natural population of the UK will begin to decline by the middle of the decade, leaving the country dependent on migration to increase the working-age population”. But freedom of movement is not so free anymore. Dublin, we have a problem.

 

Stupid cupid

While it might not be up to workplace professionals to channel their inner cupids, you can bet your bottom dollar the population crisis will be on future BCO conference agendas. Until then, however, there’s a more relatable challenge in play. The industry needs to focus on the role of the office in a rapidly changing world. Bill Hughes, global head of real assets at Legal & General Investment Management, looked at the old and new definitions of an office. The traditional definition is “a room or set of rooms in which business, professional duties, clerical work are carried out”. Today, it’s where important face-to-face interactions and teamwork happens. It’s where culture is built. “It’s where knowledge transfer and learning through osmosis occurs,” Hughes said. “It’s about energy and having fun.”

[perfectpullquote align=”right” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]The future of the world of work is an obsession for bosses[/perfectpullquote]

“The future of the world of work is an obsession for my bosses,” the BBC journalist Simon Jack said, during the ‘business of politics’ discussion. “Because it “affects the lives and livelihoods of our audience.” And that’s perhaps why there’s so much focus on the employee experience. Billions have been spent on the customer experience. Many of the speakers stressed that it’s time we do the same with the employee experience.

In a session on the purpose of place, Andy McBain, head of future of workspace & design at NatWest, shared that the bank’s workplace strategy focuses on experience, events and an element of experimentation. But experience can’t be a fluffy add-on, he suggested. It must be measured and tracked if it’s to evolve and deliver ultimate impact. To that end, McBain’s team uses Audiem, an advanced employee feedback analytics tool, that allows heads of real estate not only to get the flagship quantitative scores that they need to track and manage performance but also dive deep into the qualitative data, helping them understand the drivers behind satisfaction at a granular level. “It’s allowing us to develop specific approaches we know directly addresses employee concerns because we can see what they’ve said about it and how it’s affecting them,” said McBain.

Vernon Blunt, head of global workplace operations at Ericsson, and Paul Casey, global real estate EMEA director at IBM, agreed that hybrid is here to stay, though the jury’s out when it comes to the effectiveness of mandates. While employee experience remains the focus, cost-cutting is coming to the fore because for the CFO must be kept as happy as the CPO. It’s a cost and experience juggling exercise. There also seems to be less focus on how to get people back to the office, but more energy going into how to self-organise around the busy days.

These occupiers want and demand more flexibility and shorter leases. Rob Harris of Ramidus Consulting urged that contract and service level agreements need to change to become more flexible, especially for SMEs who he called the “growth engine of the economy”. There’s also a recognition that there might be too much space. Avison Young’s Nick Axford highlighted that one third of office space could be re-used for community initiatives, but the infrastructure isn’t yet there to make this happen. Also calling for a systemic transition was Indy Johar, co-founder of Architecture 00. “Forget about building new workplaces, we need to build a new UK,” he said.

The conference delved into workplace design, management and communication principles that foster culture, health and wellness, and collaboration. During various sessions, speakers and attendees examined the strategies employed by occupiers in their quest to navigate the challenges of the present and forge a path towards a better future. We have a long way to go on that front, but the will is there.