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Flexible office space provider LABS on why the physical office space is still strategically key

Flexible office space provider LABS on why the physical office space is still strategically key

A recent survey conducted among LABS members shows that the physical office space still has a valuable place in the mindset of how they want to work. More than seven in ten of those questioned said the office is a strategic device for their businesses, and more than 74 percent of members questioned use the office for two days or more per week.

However, working culture is still developing rapidly following the pandemic and its government-mandated full time working-from-home set up, with employers and employees carefully navigating a path that tees up with company expectations as well as staff’s desire to work remotely for part of the week, which in some cases allows them to better deal with issues such as child or elder care or just attain a better work/life balance. Companies are clearly grappling with the complexities of managing diverse teams with varying needs and preferences. The seniority of employees and their distinct working styles play a crucial role in determining the feasibility and desirability of remote work.

While the Office for National Statistics reveals that 40 percent of civil servants in the UK are still working from home there is a definite flip side in the private sector. In the spring of this year, Bloomberg reported that, following a large-scale layoff programme in the tech sector, Meta CEO Mark Zuckerberg has asked its staff to “find more opportunities to work with your colleagues in person.” This is the latest in a long line of high-profile firms to reverse their work-from-home policies including Starbucks and Walt Disney Co. Other firms in the pro-return to the office camp include Goldman Sachs, Morgan Stanley, Apple, and Peloton with the CEO of JP Morgan stating that he doesn’t believe working from home works for managers or younger members of staff. Bloomberg itself has set a minimum presence in the office of three days per week.

Amazon too has a thrice weekly attendance policy which kicked in last month in light of CEO Andy Jassy saying on the firm’s blog that “There is something about being face-to-face with somebody, looking them in the eye and seeing they’re fully immersed in whatever you’re discussing that bonds people together.” General Motors’ management shares Amazon’s three days per week requirement which came into force at the beginning of 2023, which some staff took as a U-turn in company policy from encouraging colleagues to ‘Work Appropriately’.

 

Making the office the destination of choice

As well as incentives such as free food and drinks, access to facilities including gyms and opportunities to come together at work socials, the chairman of PwC believes that AI has its part to play in luring people from their home offices. The Times recently reported that Kevin Ellis thinks that as people feel pressure from the capabilities of the likes of Chat GPT, they are more likely to want to be in the office near colleagues they can collaborate and learn from.

In a company-wide presentation, the professional services giant explained to staff how AI has the potential to fast-track trainees by a couple of years but with that accelerated knowledge base comes a responsibility to be able to coach and manage others that traditionally would have taken place over a longer period. Ellis said at the time that “people are going to want to learn from others face-to-face and the best way a human can differentiate themselves from a robot is in person.”

It’s fair to say then that the mood may well be shifting from the ‘work from anywhere’ easy come easy go attitudes of 2021 and last year. As companies continue to navigate the choppy waters of political unease in Ukraine, the continuing impact of Brexit and the worldwide inflation rates not to mention the global cost of living crisis so they are increasingly calling for near full-time attendance, symbolising a return to pre-pandemic norms, to stay competitive.

Being present in the office has many well-documented advantages such as fostering creativity, encouraging and engendering a sense of culture. And there are positive signs among LABS members too, with over three quarters of them enjoying working from the office most of the time with over half citing colleague relationships as the most important aspect of an office, up by 4 percent year on year.

Given the aforementioned global political uncertainty and economic strife, flexibility and choice for occupiers as well as employees are key components of our current work culture. In this way, workplace strategies can easily shift to address sudden changes. Which is where LABS’ turnkey solutions, available in various shapes and sizes, come in with flexible tenancy arrangements and inspiring amenities. In this way LABS can help optimise a workplace model that works for everyone.

Whinging Poms? Why the UK workforce is one of the unhappiest in Europe

Whinging Poms? Why the UK workforce is one of the unhappiest in Europe

Nearly all UK workers (90 percent) are not enthused by their work and workplace, according to Gallup’s State of the Global Workplace 2023 Report.Nearly all UK workers (90 percent) are not enthused by their work and workplace, according to Gallup’s State of the Global Workplace 2023 Report. The UK workforce rate of engagement at work (10 percent) remains one of the lowest in Europe, ranking near the bottom among peer countries (33 out of 38) with countries like the US reporting triple the number of engaged employees (31 percent). The poor state of disengaged workforces is not unique to the UK, with just 13 percent of employees across Europe feeling engaged at work, and the lowest rates of engagement reported in France (7 percent) and Italy (5 percent). (more…)

Younger workers are the least likely to favour hybrid working

Younger workers are the least likely to favour hybrid working

The appeal of hybrid working is linked to the life and career stage of employeesNew research has revealed the nuances in attitudes towards hybrid working and work-life balance in the UK and US. Perhaps unsurprisingly, the appeal of hybrid work is linked to the life and career stage of employees. The poll from United Culture suggests that work-life balance is the factor most valued by employees at work (58 percent), but is much more appealing to women than men (66 percent vs. 52 percent). Flexibility came in second place, chosen by 47 percent. (more…)

Getting back to the idea of a better future

Getting back to the idea of a better future

We may not be in control of what the future holds or able to predict it, but we should rediscover the hope that it will be better.  A recent edition of Jon Connell’s daily newsletter The Knowledge included this nugget: “Last month, I heard one of the world’s most successful fund managers admit that the charts and models he previously used “gave almost no clue” as to what to do with money now. (His one firm prediction, that the US dollar would weaken, has so far proved dead wrong.) Same with climate, with migration, with a business world about to be utterly transformed by AI. That, as much anything, will be one of the biggest questions of the coming years and decades: What do we do if we can’t predict the future?” (more…)

Think tank seeks funding for Universal Basic Income trial

Think tank seeks funding for Universal Basic Income trial

A universal basic income will be trialled in England for the first time, with thirty people set to be paid £1,600 per month over a two-year period regardless of personal circumstanceA universal basic income may be trialled in England for the first time, with thirty people set to be paid £1,600 per month over a two-year period regardless of personal circumstances. Researcher Autonomy is seeking funding for the pilot scheme, which it claims “has the potential to simplify the welfare system and tackle poverty in Britain”. People will be drawn from two locations in England to participate, with the scheme testing the effects of basic salary being paid to everyone regardless of wealth or job. (more…)

The circular economy is a great opportunity, but it doesn’t add up yet

The circular economy is a great opportunity, but it doesn’t add up yet

The circular economy offers huge opportunities and is vital for a ‘greener’ future. Currently, it just doesn’t make commercial sense for widespread adoptionThe circular economy, carbon measurement, product material content, rental, ‘take back’, reuse and recycling – all actions for a more environmentally responsible workplace sector. But what are the priorities? Manufacturers and suppliers are arguably challenged by lack of clarity, requirements for significant investment, combined with cost pressures in a heavily subscribed market. (more…)

Workload and personal appearance now main sources of workplace anxiety

Workload and personal appearance now main sources of workplace anxiety

The chief sources of workplace anxiety according to a new survey is increased workload, followed by personal appearanceA new poll from The Adaptavist Group claims that three-quarters of UK office workers now say they experience workplace anxiety, with a little over one-quarter saying it happens often to almost all the time. This is a significant shift from just nine months ago when only 38 percent of respondents in Adaptavist’s Reinventing Work study said they suffered from anxiety upon returning to work. (more…)

APAC region leads the world in return to office bookings, report claims

APAC region leads the world in return to office bookings, report claims

A new report from Eptura claims that there has been a global wave of return to office bookings returns led by the Asia Pacific marketA new report from Eptura [registration] claims that there has been a global wave of return to office bookings led by the Asia Pacific market, including a worldwide 338 percent increase in collaborative room bookings, 76 percent room booking check-in rate, 35 percent increase in visitor check-ins, and 3 percent increase in site inspections. (more…)

WorldGBC launches Circular Built Environment Playbook

WorldGBC launches Circular Built Environment Playbook

The World Green Building Council (WorldGBC) and its network of over 75 Green Building Councils are launching the Circular Built Environment Playbook.The World Green Building Council (WorldGBC) and its network of over 75 Green Building Councils are launching the Circular Built Environment Playbook. The organisation claims this is ‘a critical guide for the building and construction sector around the world to accelerate the adoption of circular economy and resource efficiency principles’. (more…)

Majority of employees see themselves as cogs in corporate machinery

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…)

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

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

AOne of the consequences of overwork for SME owners is a tendency for stress to spill over into other parts of their lives 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…)

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

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

Almost a quarter of jobs are expected to switch in the next five years according to a new report from the World Economic ForumAlmost 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…)