Search Results for: economy

February 16, 2015

Government launches scheme to attract US tech sector to UK

by Mark Eltringham • News, Property, Technology

The Government has launched a scheme to attract US tech firms to set up or ramp up their businesses in the UK. The tech sector is already worth around £120 billion to the UK and the Government hopes the HQ-UK programme will offer investors a chance to tap into a well-established pool of talent and a business-friendly and low tax economy. The initiative is a joint venture between Tech City, the Department for Business, Innovation and Skills, and the Department for Culture, Media and Sport. HQ-UK will simplify and quicken processes for visa applications and setting up UK bank accounts. The programme will also highlight the UK’s high skilled tech savvy workforce, the Government’s commitment to the development of programming skills in schools and the second largest labour market in the EU.

February 7, 2015

The latest Insight newsletter is now available to read online

by Sara Bean • Facilities management, Flexible working, Newsletter, Technology, Wellbeing, Workplace, Workplace design

In this week’s issue; the UK takes a leading role in the development of the Internet of Things and the government publishes a guide to digital economy clusters; news that Europe’s commercial property market ‘sizzled’ during 2014 while a report suggests city leaders are the main obstacles to the implementation of urban infrastructure. Mark Eltringham derides more attempts to define the workplace of the future; Sara Bean warns that employers need to consider whether their workplace has an inclusive design; and as the winners of the first ever employee engagement awards are announced research reveals the cost of disengaged employees. Sign up to the newsletter via the subscription form in the right hand sidebar and follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

February 6, 2015

Over a third of Scottish businesses are based at home (and a fifth started there)

by Mark Eltringham • Flexible working, News

Over half of businesses in Scotland started in somebody’s home and over a third are still based there, according to a new report from the Federation of Small Businesses (FSB) and researchers from the University of Glasgow. The study of 1,000 Scottish businesses found that 39 percent are based from home and a further 19 percent began life there. The FSB claims that Scottish home based firms turn over around £20 billion a year with three quarters of them with a turnover of less than £100,000 and – perhaps unsurprisingly – only 3 percent with a turnover greater than £500,000. Two thirds also employ at least one additional member of staff. The report’s authors are now calling on Government to acknowledge the significance of these firms and develop policies to help them thrive.

February 6, 2015

Winners announced for first ever employee engagement awards

by Sara Bean • News, Wellbeing, Workplace

Hotel management company The Dorchester Collection has picked up The Investors in People Company of the Year Award, in the inaugural Employee Engagement Awards. Although awards programmes are as much about marketing and revenue as recognising talent and achievement, it’s clear that the launch of the first ever awards that recognise employee engagement reflects a growing realisation by employers that it’s an area to be taken seriously. As the economy improves, the labour market grows more competitive and businesses have to offer and be seen to be doing things differently, to create an engaging and rewarding working environment. Other notable winners include The University of Sheffield, which won the Wellness Award and Transport for London, for Project of the Year Award (Public sector).

February 5, 2015

Buoyant demand for commercial property across Europe, claims report

by Mark Eltringham • Company news, News, Property

Europe’s commercial property market ‘sizzled’ during 2014, according to a new report by Real Capital Analytics (RCA). Europe saw 213.1 billion euros of commercial real estate transactions in 2014, a rise of 13 percent over 2013. Paris led France to a 31 percent rise, although the French capital accounted for three quarters of demand. In contrast, demand in London fell 3 percent as high prices led investors to British regional markets, with the UK market overall up 16 percent. A similar trend emerged in Germany, where volumes in Berlin, Munich and Hamburg fell, while markets in the Ruhr, Cologne and Stuttgart strengthened. Most improved were commercial property markets in Ireland and Spain, where investment volumes soared 89 percent and 134 percent respectively.

February 3, 2015

Government publishes details of UK’s digital infrastructure for first time

by Mark Eltringham • Flexible working, News, Public Sector, Technology

The UK government has today published new information about over 13,000 miles of publicly owned digital infrastructure and outlined steps to ensure that these networks are used to improve connectivity for users and businesses across the country. Each year the government claims to spend around £1.5 billion of taxpayers’ money on public sector networks, including signal masts, fibre optics, and cables but had no comprehensive database of the details of the current infrastructure. The Government now hopes that the publication of the details of the nation’s public digital infrastructure will allow its spare capacity to be used effectively, to minimise the chance that a lack of knowledge will lead to unnecessary duplication and to allow more parts of the UK to enjoy better digital coverage and enhance the benefits of flexible working.

January 30, 2015

Political focus on regulation misses real workplace issues, says CIPD

by Sara Bean • Legal news, News, Workplace

One of the key policies of the Coalition Government is its Red Tape Challenge, intended to ‘roll back’ as many ‘restrictive’ employment regulations as possible. Such deregulation has been lambasted by the Labour party for its negative effect on employer / employee relations and workplace performance. As the parties gear up for the election May this argument looks set to intensify. Yet according to a major new report from the CIPD, Employment Regulation and the Labour Market, neither approach is likely to have any impact on UK labour market outcomes, suggesting there isn’t a case for the next Government to either deregulate or strengthen employment rights. Instead, the CIPD is urging policymakers to focus efforts on improving productivity through a much stronger focus on workplace practices, increasing awareness of existing rights and enforcing them more effectively.

January 27, 2015

Employers need to do more to attract and train older workers says REC

by Sara Bean • News, Workplace

Employers need to provide more training opportunities for older workers and how they advertise jobs to attract recruits over 55, according to the results of a survey issued by the Recruitment and Employment Confederation (REC). Asked to identify the most important change businesses should make to encourage applications from jobseekers aged 55 and over, almost four in ten (37%) respondents highlighted issues around advertising, while a third (34%) indicated that they should be providing more opportunities for older workers to upskill or reskill. Twenty percent said that businesses need to be more careful with language used in job adverts while 17 percent said that hirers need to look beyond posting jobs exclusively online. Evidence for the business case for retaining, retraining and recruiting older workers will be published by the Department for Work and Pensions in March.

January 15, 2015

China dominates a record breaking year for the world’s tall buildings

by Mark Eltringham • Architecture, Cities, News

The world’s taste for skyscrapers continues unabated according to a new report from the Council on Tall Buildings and Urban Habitat. While the numbers of new tall buildings in Europe, the US and Australia remains relatively subdued, those in the Middle East and Asia continue to grow, making up the overwhelming majority of the 97 new skyscrapers completed in 2014, a new record. The report also highlights large differences in the scale of buildings across the world. While Europe’s largest completed tall building the Leadenhall Building (or Cheesegrater) at 224m was only marginally above the cut-off height of 200m, China completed no fewer than 58, the tallest of which was the mixed-use Wharf Times building in Wuxi at 339m.

January 13, 2015

Investors priced out of London commercial property turn to regions

by Mark Eltringham • Cities, News, Property

According to a report from Reuters, foreign competition in the London commercial property market is forcing local investors to invest in regional cities to tap rising rents there, with many making purchases privately to avoid auctions or even building office blocks from scratch. Commercial property in London has become a popular safe haven for investors from places such as Russia, China and southern Europe as a result of the financial crisis, and office prices have bounced back strongly from the lows. From a $4 billion battle for control of the Canary Wharf financial district to the creation of the capital’s tallest building, The Shard, thanks to oil money from the Gulf, many of London’s landmarks have had a helpful overseas financing hand.

January 12, 2015

Lack of flexible working options is distorting the job market for women

by Mark Eltringham • Flexible working, News, Workplace

UK employers and their female employees are missing out on a range of opportunities because of their failure to implement better flexible working arrangements, according to a report from The Institute for Public Policy Research (IPPR). The report examined flexible working across Europe and found that while significant progress had been made in the UK, nearly two thirds (64 percent) of working women are unable to vary their working hours and a quarter (25 percent) claim it is difficult to take one or two hours from their day at short notice. The report claims the pent up demand for such working arrangements restricts employment opportunities for women compared to men, means more women are working in jobs below their skill level and creates the conditions for extensive underemployment.

January 5, 2015

Workers feel increasingly undervalued and over a third plan to move jobs this year

by Sara Bean • News, Workplace

There’s been a dramatic increase in the number of workers planning to move jobs. According to the latest research by the Institute of Leadership & Management (ILM), 37 per cent of workers are planning to leave their current jobs in 2015 – compared to 19 per cent in 2014 and 13 per cent in 2013. Of those who left their jobs in 2014, 35 per cent cited greater opportunity for progression as their main motivation for seeking a new role – compared to only 12 per cent who sought a higher salary. In 2015, that has increased to 59 per cent, meaning increased opportunity is a number one priority; beating a better salary (56%), a more interesting role (50%) and better management (30%). Staff are also feeling increasingly undervalued by their managers. 25 per cent of those planning to leave said they felt unappreciated in their current role, almost 10 per cent more than last year (16%). More →