Search Results for: economic

December 28, 2017

UK enjoys sharpest rise in output for two years, CBI report claims

Business activity in the UK ended the year on a high after manufacturers, service sector companies and retailers reported the sharpest rise in output in two years, according to a report from the business lobby group CBI. The composite measure based on 642 respondents across the three sectors showed the balance of firms reporting a rise in output at +19 percent, compared with +6 percent in the three months to November 2017. Growth was broad-based, according to the CBI, with all sectors reporting robust output volumes growth last quarter at a pace above their long-run averages.

December 19, 2017

We need to have an honest conversation about presenteeism

by Steve Brewer • Comment, Flexible working, Workplace design

We have talked before about the risks of over thinking problems. It is not just something that consultants, designers and the workplace intelligentsia are guilty of – everyone does it. It is why we do not switch off when we are ill and still insist on going to work. We over think the consequences of not being in our workplace. Likewise, many traditional line managers simply cannot get their head around their teams working from home. After all, modern management mantras all talk about creating a great atmosphere in which teams all work together – in the same space at the same time? We all tend to over complicate most things and that is one of the main reasons in the UK we struggle with the concept of working from home. A consequence of this is the rise in presenteeism, which is mainly linked to illness, people ignoring how bad they feel and because of a perceived pressure, still turning up for work.

December 19, 2017

Employers want to grow workforce next year, but concerned about Brexit impact

by Sara Bean • Flexible working, Legal news, News, Workplace

Just over half (51 percent) of firms across the UK will grow their workforce in the year ahead, with confidence highest amongst small and mid-sized firms (58 percent) according to the latest CBI/Pertemps Network Group Employment Trends Survey. But the survey warns that delivering further jobs growth depends on businesses being confident they can remain competitive if they choose to base staff in the UK. Nearly two thirds (63 percent) currently believe that changes in the UK labour market will contribute to Britain becoming a less attractive place to invest and do business over the next five years – up from 50 percent last year and 25 percent in 2015. Skills gaps were the single most prominent worry facing firms, with nearly four in five (79 percent) respondents highlighting this as a worry – up from 64 percent in 2016. Access to overseas workers is a big contributor to this, with nearly half of respondents (49 percent) identifying uncertain access to labour supply – up from 35 percent in 2016 as a concern.

December 14, 2017

The power of cities continues to shift east as Asia set to outstrip Europe and North America by 2035

by Mark Eltringham • Cities, News

A new report from Oxford Economics suggests although New York, Tokyo, London and LA will stay as the world’s major urban superpowers in the near future, China’s cities’ GDP will double in the coming two decades while Shanghai (pictured) and Beijing have already outstripped Paris in terms of economic activity. The 780 global urban centres covered in the report account for well over half of all worldwide economic activity, are home to a third of the world’s population and will be home to an extra 500 million people by 2035. In just over a decade the combined economic activity of Asian cities will exceed those in Europe and North America. Some smaller European cities will fall out of the top 100 cities worldwide, including several capitals. These are Amsterdam, Brussels, Copenhagen and Vienna as well as Barcelona, Frankfurt and Hamburg.

December 7, 2017

Shifts in occupier behaviour and attitudes to real estate pave the way for a workplace revolution

by Mark Eltringham • News, Property, Technology

The rise of the flexible office is the result of dramatic changes in the way corporate occupiers approach their real estate decisions, and will open up opportunities for landlords able to adapt and respond to these shifts. These are some of the claims from The Flexible Revolution (registration required), a pan-European report from CBRE exploring the flexible office market. Over the past decade the global flexible office market has been growing at an average of 13 percent per annum. Growth rates in EMEA (excluding UK) and APAC have averaged around 20 percent per annum, while the more mature and larger markets of the UK and the USA have seen average growth of 10 percent per annum over the same period. Key European cities like Berlin, Paris and London have all seen strong year-on-year growth of 12 – 21 percent between 2016 and 2017, which is comparable with markets like New York and San Francisco, where the flexible office concept has existed for longer.

November 30, 2017

Location of workplace matters when it comes to workplace performance

by Sara Bean • Flexible working, News, Property, Workplace

Employers can make major performance and productivity improvements by taking a more strategic approach to where they place their people, a new report suggests. Organisations with the closest alignment between their geographical talent footprint and market opportunity tend to be most productive and profitable claims Right people, wrong place?, a new EY report in collaboration with LinkedIn. The report analysed 659 organisations of varied size and scale across 11 sectors and revealed that those that poorly match their workforce to the global sub-sector growth markets are potentially leaving hundreds of millions of dollars of opportunity on the table. Bringing together a combined analysis of current and projected industry market performance from EY with LinkedIn’s insights from more than 530 million members, the report validates and quantifies the value of maximising the alignment between workforce location and market opportunity.

November 28, 2017

Government unveils Industrial Strategy to boost productivity and wealth

by Mark Eltringham • News, Property, Technology

The UK government has published its ‘ambitious’ Industrial Strategy, which it claims sets out a long-term vision for how Britain can build on its economic strengths, address its productivity performance, embrace technological change and boost the earning power of people across the UK. With the aim of making the UK the world’s most innovative nation by 2030, the government has committed to investing a further £725 million over the next 3 years in the Industrial Strategy Challenge Fund (ISCF) to respond to some of the greatest global challenges and the opportunities faced by the UK. This will include £170 million to ‘transform the construction sector and help create affordable places to live and work that are safer, healthier and use less energy’

November 28, 2017

BPF submits real estate sector deal proposal to government

by Mark Eltringham • News, Property

The British Property Federation (BPF) has announced it has submitted a Sector Deal proposal to government on behalf of the real estate industry. The announcement follows yesterday’s publication of the government’s Industrial Strategy White Paper – and of the first three Sector Deals committing industry and government to achieving the Industrial Strategy’s ambition in partnership. The real estate Sector Deal proposal sets out how the real estate industry underpins the UK’s economic and social wellbeing, and how it will be essential to the delivery of other Sector Deals including construction. The proposal ‘seeks a partnership with government where both sides are working together to maximise the real estate industry’s contribution to the economy, and to creating infrastructure and great places to live, work and relax across the country’.

November 27, 2017

New intellectual property protection initiative launched for workplace and interior design

by Mark Eltringham • Furniture, Legal news, News, Workplace design

The Society of British and International Design (SBID) has launched the SBID Intellectual Property (IPP) initiative to mark the new campaign to prevent IP theft in the interior design industry. Developed in association with TM – Eye, with the aim of assisting the industry to obtain objective evidence of design ownership, the venture updates the archaic discourse on intellectual property in design and will raise awareness of what designers need to do to properly protect their work. The issue is one of stolen ideas after a commercial presentation, without consent or a fee, a problem that has plagued the interior design industry and left owners/creators feeling like they had no legal support to refer to. This could typically be the theft of ideas created in an interior designed space or product. This has not only been an ongoing problem for business investors in all creative sectors of design and manufacture, but also a problem for consumers who are put at risk, completely unaware when they purchase a look-alike product, to find a poorly manufactured copy without tested safety marques that could cause untold damage to property.

November 23, 2017

The workplace sector responds to the 2017 UK Autumn Budget

by Mark Eltringham • Architecture, Environment, Features, Property, Technology

Yesterday, the Chancellor Philip Hammond announced the details of the UK government’s latest budget. While Brexit inevitably cast its shadow over the whole thing, there were a number of announcements relevant to the workplace, construction, tech and built environment sectors, many of which have been broadly welcomed by commentators, industry bodies and experts. Among the announcements in the budget were new plans for infrastructure and planning, skills and training, the environment, productivity, AI and regional development.

November 23, 2017

Support of gender diversity charter to widen digital and tech talent pool

by Sara Bean • AI, News, Public Sector, Technology, Workplace

As we reported yesterday there are gender as well as economic imbalances which could cause long term problems for the tech sector. While there is a looming digital skills gap – with the UK needing one million more tech workers by 2020, just one in ten females are currently taking A-level computer studies. Currently only 17 percent of the tech/ICT workforce in the UK are female, well below the 47 percent of women in the workforce overall. To help address the issue, the Tech Talent Charter is a commitment by organisations (including Nationwide, BBC, HP, Monster and Cancer Research) to a set of pledges designed to increase gender diversity in the UK tech workforce. These pledges include inclusive recruitment processes and contributing company employment and diversity data anonymously to be published publically annually. Following yesterday’s budget, the Tech Talent Charter is announcing today that it has received Government funding as it welcomes its 90^th signatory.

November 21, 2017

The missing LINC between the office and the future of work

by Mark Eltringham • Features, Flexible working, Technology, Workplace design

There is a theory that if you want to know how the economy is doing, you ask a taxi driver. The basis for this idea is that they are the first to know when money is getting tight, because people make more use of buses and tubes. In a similar way, one of the best ways of gauging workplace trends is to ask an office furniture company. They’ve always functioned in a fiercely competitive market, but are also the first to notice an economic downturn or a shift in the structure of their markets.