Search Results for: economic

May 18, 2016

What the imminent arrival of driverless vehicles will mean for the way we work ⁰

by Mark Eltringham • Cities, Comment, Flexible working, Technology

Game changing technology doesn’t come any more disruptive than driverless vehicles. The problem is that we may find the whole idea easy to dismiss based on our past experiences of this sort of thing. Autonomous vehicles carry the whiff of Tomorrow’s World about them, yet they are about to go mainstream far sooner than we might think and their advent will have a major impact on the way we work and live. Both Ford and BMW have announced they intend to have fully autonomous vehicles on the roads within five years. That doesn’t mean the test models that are already on the roads but commercially available vehicles; Volvo will have 100 customers in Sweden and the UK using the vehicles next year. Tesla claims its cars will be driverless in two years. And it’s not just car makers who are intent on grabbing a share of this new market but computer makers like Google and Apple as well as sharing economy pioneers like Uber.

May 17, 2016

Lack of productivity growth continues to impact on UK employment ⁰

by Sara Bean • Flexible working, News, Workplace

The Government to be more interventionist in its support and work in partnership with business to help improve organisations’ productivity to improve salaries and performance, the CIPD has said. This follows the second quarter in a row when the CIPD’s survey of employers has anticipated a pay figure below the Government’s official inflation target of 2 percent. The Labour Market Outlook highlights how low inflation, expanding labour supply and the lack of productivity growth are working in combination to reduce the economic pressure for employers to pay their staff more. The UK is now in its eighth year of a productivity slump, which for employees means that pay growth is likely to remain sluggish until at least the end of the decade and for employers means that low productivity leads to tightened budgets. This ‘jobs-rich, pay-poor’ economy is set to continue as pay awards are expected to only rise by 1.7 percent in the next year.

May 16, 2016

Women (and men) don’t enjoy the full wellbeing benefits of flexible working ⁰

by Dr Daniel Wheatley • Comment, Flexible working, Wellbeing

There has been significant expansion of flexible working arrangements (FWAs) in the last two decades, driven to some degree by the work-life balance agenda. However, in practice work-life balance and flexible working continue to be viewed as a ‘women’s issue’, as women more often reduce hours or work part-time. But recent research conducted by my own department suggests that women working flexibly are not experiencing the potential wellbeing benefits when compared to men. Flexible working arrangements include part-time, flexi-time, job share and homeworking. Part-time accounts for approximately 40 percent of female employment and is the most common FWA used by women. Term-time working is also used predominantly by women, reflecting the typical gender roles regarding caring for school-aged children. Meanwhile, flexi-time remains the most common arrangement used by men, at around 19 percent.

May 9, 2016

Women not reaping full wellbeing benefits of flexible working ⁰

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

Working flexible hours is associated with lower job satisfaction among women, but greater satisfaction among men, a new study claims. The research explores the impact of flexible working on job, leisure and life satisfaction and suggests that women are not experiencing the full benefits. According to Dr Daniel Wheatley, lecturer in Economics at Nottingham Business School, Nottingham Trent University; the research suggests that while flexible working generates a number of benefits, working part-time or reduced hours has significant negative impacts on job satisfaction. He explains: “While some women are able to use reduced hours optimally, such as those working part-time following maternity leave, those using reduced hours for lengthier periods because of commitments such as childcare may feel trapped in ‘restrictive’ flexible employment. They may only be able to gain low skilled employment and may experience limitations in career progression.”

May 6, 2016

Can building design presage the decline of the world’s tech giants?

by Mark Eltringham • Architecture, Comment, Technology, Workplace design

At the movies, buildings are often used to denote hubris. The ambitions and egos of Charles Foster Kane and Scarface are embodied in the pleasure domes and gilded cages they erect to themselves and their achievements. Of course, the day they move in is the day things invariably go badly wrong. In the real world too, monstrous edifices have often presaged a crash. The UK’s most ambitious and much talked about office building at the turn of the Millennium was British Airways’ Waterside, completed in 1998, just a year after Margaret Thatcher famously objected to the firm’s new modern tailfin designs by draping them with a hankie and three years before BA had to drop its ‘World’s Favourite Airline’ strapline because by then it was Lufthansa. Nowadays BA isn’t even the UK’s favourite airline, but Waterside remains a symbol of its era, albeit one that continues to influence the way we perceive building design.

May 6, 2016

Management needs to improve opportunities for career progression ⁰

by Sara Bean • News, Workplace

Almost a quarter of employees (24 percent) are intending to move, as job satisfaction in the UK drops to its lowest level for over two years finds the latest CIPD/Halogen Employee Outlook report. The survey reveals that almost a fifth (23 percent) of employees believe their organisation’s performance management processes are unfair (an increase from 20 percent in Autumn 2015). Over a quarter (27 percent) are dissatisfied with the opportunity to develop their skills in their job and this is reflected in the number of employees who say they are unlikely to fulfil their career aspirations in their current organisation, which has also increased to 36 percent (32 percent in Autumn 2015). Opportunities for women in senior roles have slipped as well with separate research by the European Women on Boards (EWoB) showing that Britain has a below-average proportion of women on boards; falling from sixth to eighth place among 12 leading economies since 2011.

May 5, 2016

The problems that come with London’s success need better solutions ⁰

by Mark Eltringham • Architecture, Cities, Comment

We might all welcome London’s success as a thriving centre of commerce and culture, but this comes at a price and we need to look for a better balance than we currently see between London and the rest of the UK. Of course London is often the main victim of its own success. Its thriving tech and creative firms continue to spill out of the incubator districts created for them to find cheaper and more appropriate spaces in which to grow. In doing so they are pushing up rents in such unlikely nearby places as Croydon. In the traditional business districts in the City and Docklands, the capital’s tech giants are now able to compete for the first time for some of the most expensive real estate on the planet. To cope with demand, the Mayor is rubberstamping tall buildings like never before, many of them bloody awful, unloved by Londoners and heritage organisations alike, transforming the skyline and creating windswept, arid tundra at their feet.

May 3, 2016

Remote working may be the answer to the housing crisis, claims report ⁰

by Mark Eltringham • Cities, Flexible working, News, Technology

A new report from techUK and Citrix claims that the UK’s housing crisis is exacerbated by the majority of workers (59 percent) working on the basis that there is greater potential for securing employment by living and working in large cities. The Housing Crisis: a Digital Solution (download) is based on data from YouGov research into the expectations of 1,243 UK knowledge workers with the potential to enjoy remote working. The report claims that the burden that location-dependent work places on large cities could be significantly reduced by allowing workers to work remotely, as over half of British workers (54 per cent) stated they would be likely to relocate to a rural area if they could still perform their role to the same level. However, while many workers would relocate if they could, connectivity, transport and corporate culture were all cited as challenges to achieving this especially when 48 per cent of rural premises don’t have access to high-speed broadband internet.

April 29, 2016

Start-ups help drive the rise in uptake of serviced offices in Australia ⁰

by Sara Bean • Facilities management, Flexible working, News, Workplace design

The number of flexible workspaces is growing in Australia, which has seen a 15 percent increase in new serviced offices and co-working spaces opening in the last year, according to data from Instant Offices. But the country still has some way to go when compared to other major international destinations for business, with only 300 such offices in total compared to more than 3,000 in the US alone. During the relative economic uncertainty of the past year – with growth limited to 2.5 percent however, Australia is now witnessing the growth of a “contingent” workforce. Small businesses of four employees or less make up more than three quarters of the total market, and considering that in two of the country’s commercial markets, Sydney and Melbourne, the typical entrance to the market has been via fixed lease of seven to 10 years in length; the agility offered by flexible workspaces is gaining in appeal.

April 26, 2016

New agreement to drive sustainable property development in Europe ⁰

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

The World Green Building Council (WGBC) – a network of national green building councils aimed at influencing the green building marketplace – has announced that its Europe Regional Network has signed a Memorandum of Understanding to help drive sustainable property development with the European Bank for Reconstruction and Development (EBRD). The EBRD works to support the development of the private sector across Europe, the Southern and Eastern Mediterranean and Central Asia, and the provision of modern real estate infrastructure is essential to support economic expansion and diversification in these regions. The new agreement provides a framework to cooperate on a number of areas of sustainable building practices, including promoting best industry standards and practices for energy and resource efficiency, climate resilience and building sustainability; promoting innovative zero-waste design, green urban planning and low carbon emissions; engaging in policy dialogue; and mobilisation of financial resources.

April 21, 2016

How and why Millennials are shaping the future of remote working ⁰

by Sara Sutton Fell • Comment, Facilities management, Flexible working, Workplace, Workplace design

The future is here. Millennials, the youngest generation in the workforce, are now the majority generation at work. Their potential impact has been discussed for decades, but we’re finally seeing results, as this generation not only enters the workforce, but assumes management-level roles, makes their voices heard, and shifts how we approach work. But why does the Millennials attitude and approach to work have such an impact on how, when, where, and why we all work? And why should employers pay attention? It’s because this generation is shaping remote working. They’ve got sheer numbers behind them. In 2015, Millennials surpassed Generation X to become the largest generation in the American workforce. The vast majority of Millennials want flexible work options, especially the ability to work remotely. In survey after survey, Millennials, more than any generation previously, say that work-life balance and remote work is important to them.

April 21, 2016

Brexit referendum has not diminished demand for London office property ⁰

by Sara Bean • Facilities management, News, Property

Political uncertainty over the Brexit referendum has done little to diminish demand for London office property, despite it causing the commercial property market to experience a nervous start to the year. According to the latest research from Colliers, the number of vacant offices still remains low, with occupiers appearing to be relatively un-phased by external political and economic upheaval. There has been some high profile lettings and a healthy number of new large scale enquiries in the first quarter of this year – but transactions and searches have become protracted and supply shortages are undermining occupier expansion plans. However demand for office space amongst media and tech firms is diminishing in some locations. While Q1 2016 figures show that media and tech accounted for 38 percent of demand for office space across London, in the traditional media enclave of the West End, the figure fell to just 13 percent of demand, down from 45 percent in 2015.