Search Results for: economic

October 24, 2018

Central London office market maintains sustained levels of demand

by Sara Bean • Cities, Facilities management, News, Property

London’s office market continues to attract occupiers and investors, despite political and economic uncertainty JLL’s recent Central London offices seminar revealed. The event highlighted the strength of the capital’s office market where Central London has seen sustained levels of both leasing and investment activity so far in 2018 and JLL anticipates that the final numbers will match, if not exceed those recorded in 2017. Take-up of offices across Central London reached 8.3m sq ft at the end of Q3 2018, with 3.1m sq ft leased in the West End and 4.5m sq ft in the City.

October 23, 2018

Flexible working to contribute £148 billion to UK economy by 2030

by Mark Eltringham • Flexible working, News

A predicted boom in flexible working could contribute £148 billion to the UK economy by 2030, equating to 16 times the cost of the London 2012 Olympics, according to the a socio-economic study of changing workplace practices. The analysis, commissioned by Regus and conducted by independent economists, studied 16 key countries to delve into the state of flexible working now and predictions for 2030.

October 22, 2018

Nearly a quarter of London office take up is in financial sector, says CBRE

by Sara Bean • Facilities management, News, Property

Despite political and economic uncertainly and the aftermath of the global monetary crisis in 2008, London remains a leading global financial centre, with nearly a quarter (24 percent) of the capital’s office take-up attributed to banking and finance occupiers over the last ten years. London is by far the most active banking centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. More →

October 19, 2018

Business leaders routinely work through lunch to tackle productivity gap

by Sara Bean • News, Workplace

Although the majority of business leaders rate their business as efficient, nearly a third of respondents to a recent survey waste up to 65 working days per year on administrative tasks, with over half wasting the equivalent of a working month. Priority Software’s Business Process Efficiency Index 2018 suggests business leaders are struggling to take charge of company productivity; and while senior decision-makers expressed the desire to spend more time planning for the future of their businesses, they said too much time is currently occupied by administrative tasks.

October 16, 2018

How landlords can maintain their mojo and retain tenants

by Gemma Church • Facilities management, Features, Property

Flexibility is rocking the foundations of the traditional commercial real estate world. It’s entering our workforces, our offices and the shock waves are extending to the relationship between landlord and tenant. This demand for increased flexibility from the world’s workforces is due to a convergence of social and economic factors. JLL’s Top 10 Global Corporate Real Estate (CRE) Trends report predicts the emergence of a more dynamic workforce, demand for work environments that support creativity, cross-collaboration and innovation, and an increasing focus on employee wellbeing and performance will dominate global CRE strategies throughout 2018. This has major implications for both occupiers and landlords.

October 15, 2018

Lack of flexible working means people miss major life events

by Neil Franklin • Flexible working, News, Wellbeing

A new survey claims that 67 percent of employees have missed major life events due to a lack of flexible working within their organisation. The survey conducted by Liberty Mind, was commissioned to explore the impacts on employees who do not have the opportunity of flexible working. From those surveyed it was found that 40 percent had missed hospital or health-related appointments due to a lack of flexible working, while 15 percent had missed moving house, 10 percent had missed a child’s school activity and 8 percent had missed a family funeral.

October 12, 2018

Friday finds: the best workplace stories for this afternoon and the weekend

by Mark Eltringham • Features

Is the office cubicle actually designed to crush your soul?

“Permanent casuals” and other oxymorons

Post-Brexit immigration: reconciling public perceptions with economic evidence

Viewing a new world of work through old lenses

So you want to work in HR?

Is coworking dead?

Stress and mental health at work: half a decade in policy and practice

People at work

October 10, 2018

The Genesis of ideation and the places we go to have our best ideas ⁰

by Giuseppe Boscherini • Facilities management, Features, Technology, Work&Place, Workplace design

Because collaboration, creativity and innovation are increasingly perceived as key objectives and differentiators of performance, the genesis and mechanisms behind ideation and creativity are an an integral part of both business and personal development. As a consequence, there is growing interest in the way the physical attributes of work settings may influence or even trigger creative behaviour. The cliché of the shower as one of these favourite places comes to mind and yet experience does show that the idea of seeking a setting, a “zone” if you will, for a specific purpose is intuitively right. This needn’t be a retreat or cocoon, as is often assumed, but can also be a crowded, busy, noisy place, which might explain why so often the most animated work conversations move out of the office shop into the coffee shop. Equally, highlight events or special meetings tend to be held in a “venue’, often dressed for the occasion.

October 3, 2018

Nearly half of UK workers do not have skills that match their job, says CIPD

by Sara Bean • News, Workplace

Almost half (49 percent) of UK workers are in jobs they are either under- or over-skilled for, according to new research from the CIPD. Its report ‘Over-skilled and underused: Investigating the untapped potential of UK skills’ surveyed 3,700 UK employees and found that more than a third (37 percent) of workers have the skills to cope with more demanding duties than they currently have. At the opposite end of the scale, one in ten (12 percent) employees said they lacked all the skills needed to carry out their job effectively. This means that as many as half (49 percent) of UK workers could be in the wrong job, based on their skill level. The UK has one of most skilled workforces in the world, with 42 percent of workers qualified to degree level, yet it also has the highest proportion of jobs within the OECD which require no qualifications at all.

October 2, 2018

How to measure the impact of biophilia on individual performance

by Julia Ayuso Sanchez • Features, Wellbeing, Workplace design

The improvement in well-being and performance in the workplace are economic and social critical factors since the loss of productivity for companies means a cost of up to US$ 550,000 million per year. Numerous studies affirm that biophilic design, defined as a response to the inherent need of human beings to be in contact with nature, in the workplace improves productivity and user well-being. As Lord Kelvin said, if you cannot measure it, you cannot improve it, so the challenge that arises is how to objectify and quantify rigorously the features that improve productivity and wellbeing in spaces designed with biophilia in mind. From this, it is necessary to go a step further and objectify the design criteria serving as an operator for performance and wellbeing in design practice.

October 2, 2018

Stressed, ignored and knackered – the lot of British workers in 2018

by Mark Eltringham • News, Wellbeing

Workers in Britain feel that they are working harder than ever before, new research reveals. The Skills and Employment Survey, a joint project between Cardiff University, University College London and the University of Oxford, has been researching the views of workers since the mid-1980s.

September 28, 2018

The horrors and harmonies of workplace hierarchy

by Monica Parker • Comment, Technology, Workplace design

I am a child of the seventies, and one of my favourite shows when I was just a tyke was The Jeffersons. For those not familiar with The Jeffersons, it was about a black family in New York City who had, through ambition and entrepreneurship, ‘made it to the top’. George Jefferson, the patriarch, was a bolshie character. Hijinks usually ensued. But what stuck with me about that show was the catchy theme song, Movin’ On Up. The lyrics were ‘I’m movin’ on up, to the upper east side, to a deluxe apartment in the sky… I finally got a piece of the pie.’ Growing up in suburbia, this was probably the first time that I learned the idea of a penthouse, and the notion that the higher up the building, the more important you were. It wasn’t until I was about age eight that I realised the word wasn’t ‘high-archy’, but ‘hierarchy.’