Search Results for: economy

February 21, 2019

SMEs intend to increase their headcount by over a fifth this year

by Sara Bean • Legal news, News, Workplace

SMEs intend to grow their headcount by over a fifth this year

Although official figures from the ONS show a decline in consumer spending throughout much of 2018, optimism amongst small businesses remains high, with UK SMEs hoping to grow their headcount by an average of 21 percent over the next 12 months. The new research from Opus Energy claims that half (51 percent) intend to grow their business in terms of people, with some even predicting they’ll increase their workforce by 50 percent. IT (39 percent), health (33 percent) and financial services (28 percent) were the sectors expecting the most growth. Even in the worst affected sectors, growth was still predicted. Half (50 percent) of retailers still expected to grow in 2019, at an average of 19 percent. 65 percent of food and beverage producers predicted an average headcount increase of 18 percent and 69 percent of manufacturers expected to grow at an average of 14 percent; despite facing the uncertainty of Brexit and the “death of the high street”.

February 20, 2019

It is time for organisations to embrace the digital workplace

by Christian Brøndum • AI, Comment, Facilities management, Flexible working, Technology, Workplace

With the rise of both cloud-based technology and the worldwide gig economy, the last ten years of the 21^st century have seen some near-revolutionary changes in workplace practice. Entrepreneurs everywhere have been more than happy to make use of these developments, taking advantage of the new business models these changes have brought. For example, IDG found that 73 percent of the organizations that they surveyed have at least one application already in the cloud, and according to ONS, since 2010 there has been a 25 percent increase in the number of non-employer businesses in the private sector, a change attributed to the growing popularity of the gig economy. However, despite all the advances in workplace culture, thousands of workers in the UK are being left behind in outdated modes of work.

February 19, 2019

Productivity only a priority for a third of employers as skills shortages persist

by Sara Bean • News, Public Sector, Workplace

Despite its importance to the economy, productivity is only a priority for 36 percent of employers and only half (50 percent) use the term when discussing organisational performance according to the latest Labour Market Outlook from the CIPD and the Adecco Group. And LMO data suggests that employers are overconfident when it comes to assessing their own productivity, with just 7 percent believing their organisation’s productivity is below average. More →

February 14, 2019

Traffic congestion cost UK drivers nearly £8 billion in 2018, study claims

by Neil Franklin • Flexible working, News

Inrix has published its annual Global Traffic Scorecard that claims to identify and rank congestion and mobility trends in more than 200 cities across 38 countries. In the UK, the 2018 Traffic Scorecard analysed congestion and the severity of it in the top 20 urban areas. It claims drivers lost an average of 178 hours a year due to congestion, costing them £7.9 billion in 2018, an average of £1,317 per driver. London (227 hours lost due to congestion) and Birmingham (165 hours) ranked as the two most congested cities in the overall impact of congestion ranking.

February 14, 2019

Belfast office sector has enjoyed its most successful year ever

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

The office sector in Belfast has enjoyed its most successful year on record, with 885,023 sq ft of take-up reported across 84 transactions, more than double that was achieved last year, according to CBRE’s Offices Marketview research. Notable office deals completed in 2018 include PwC’s move to Merchant Square, Northern Ireland Civil Service to 9 Lanyon Place, Allstate to Mays Meadow, TLT to River House and Baker McKenzie to City Quays 2. According to CBRE Northern Ireland Office the local office market’s record breaking year is an indicator of the resilience of the commercial property market as well as the wider Northern Ireland economy.

February 12, 2019

London remains preferred destination for global corporate real estate investors

by Neil Franklin • News, Property

London is still the world’s top destination for investment in commercial real estate despite ongoing uncertainty about Brexit, well above both Manhattan and Paris, the next two biggest markets, new research claims. Around£16.2 billion was invested in central London’s commercial offices in 2018 compared with £14.3 billion in Manhattan, £12.1 billion in Paris and £8.4 billion in Hong Kong, according to the analysis report from international real estate firm Knight Frank.

February 7, 2019

Maybe the time has come to shoot the workplace messenger

by Rob Harris • Comment, Flexible working, Wellbeing, Workplace design

I spent some time with Frank Duffy recently, releasing a stream of memories of working with him, first as an employee at DEGW during the 1980s, and then as a client while directing developer Stanhope’s research programme during the 1990s. Along with his long-term business partner, John Worthington, and thinkers including Franklin Becker, Gerald Davis, Michael Joroff and Jack Tanis, to name a few, Frank helped sketch out the grand scheme of what we now call ‘workplace’. Much of the work of their successors has involved filling in the matrix of detail within the grand scheme. But further reflection has caused me to ask whether, in filling in the finer details, we have recently somehow lost our way. Are we, the ‘workplace profession’, instead of standing on giants’ shoulders, now just pandering to fads and fancies? Or, even more radical, might it be that ‘workplace’ is now done, and that we’ve run out of meaningful things to say? More →

February 5, 2019

UK cities joining the global movement to net zero building

by Natasha Stokes • Cities, Environment, Features

The UK is joining a global drive towards a ‘net zero carbon’ future, with its biggest cities setting ambitious decarbonisation targets in an effort to reduce their impact on the environment. Manchester plans to be a carbon-neutral city by 2038, while Bristol aims for full decarbonisation by 2030. In London, all new buildings will be net zero carbon by 2030, as the UK strives to meet targets set by the Paris Climate Agreement.

February 4, 2019

Financial services firms slow in offering flexible working to all employees

by Neil Franklin • Flexible working, News

New research from TeleWare claims that 94 percent of employees in financial services firms believe it is important for them to be able to choose the hours they work and where from. Yet, only just over a third (36 percent) of employees in the sector work for firms that offer flexible working. Of those firms that do offer it, more than a fifth (22 percent) of employees said it isn’t available to all employees – only those of a certain level of seniority.

January 29, 2019

Northern English cities bear brunt of government spending cuts

by Mark Eltringham • Cities, News

The UK’s cities, and especially those in the North of England have borne nearly three-quarters (74 percent) of all real-terms local government funding cuts in the last decade despite being home to just 54 percent of the population, according to Centre for Cities’ annual Cities Outlook 2019 report – the Centre’s annual health check on UK city economies. This is equivalent to a reduction of £386 per city dweller since 2009/10, compared to £172 per person living elsewhere. Cities Outlook 2019 reveals a clear geographical divide in where cuts to cities have fallen, with the top five worst affected cities all located in the North of England.

January 28, 2019

The bumpy road to automation, dancing elephants, free beer and some other stuff

by Mark Eltringham • Features, Flexible working, Property, Technology, Wellbeing

The World Economic Forum’s Annual Summit in Davos offers the world’s elite the chance to rub shoulders and address important themes of capitalism and society. Its output has largely consisted of making assured noises about Big Subjects, and especially globalisation and the effects of technology on the economy, now typically framed around the current / imminent Fourth Industrial Revolution™.

January 28, 2019

Majority of large UK firms to address climate change in annual reporting

by Mark Eltringham • Environment, News

Two-thirds (67 percent) of UK corporations will be disclosing climate change related risks and opportunities in their 2019 annual reporting, according to new figures released by the Carbon Trust. However, fewer than a quarter (23 percent) of companies are expecting to fully report in line with the recommendations of the G20 Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD), released in June 2017. More →