Search Results for: economy

Proportion of flexible space within corporate portfolios to increase dramatically

Proportion of flexible space within corporate portfolios to increase dramatically

by • Coworking, Facilities management, Flexible working, News, Property

Proportion of flexible space within corporate portfolios to increase dramatically

Despite the proliferation of coworking and serviced office operators the majority of global corporates still occupy office space on a traditional lease model, with two thirds of companies in a survey by Knight Frank reporting that co-working, serviced and flexible office space comprise 5 percent or less of their current office space. Knight Frank’s Your Space report, which surveys senior executives at 120 global companies which collectively employ in excess of 3.5 million people worldwide and occupy an estimated 233 million sq ft of office space, found that just a small minority, less than 7 percent, said that flexible workspace exceeds a fifth of their total workspace. (more…)

Two thirds of HR professionals say working environment contributes to sickness levels

Two thirds of HR professionals say working environment contributes to sickness levels

by • News, Wellbeing, Workplace, Workplace design

New research carried out by HR consultant AdviserPlus claims that two thirds of HR professionals say that a poor workplace environment can ‘substantially’ contribute to sickness levels. The survey, which asked 300 HR professionals their opinions on the state of absenteeism in the UK, found that factors such as lifestyle and environment played a big part in the levels of absence in their workplace. Absenteeism is said to cost the UK economy £18 billion a year, and an average sick day costs a company around £100 a day.

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Poor support offered to professional women returning from maternity leave

Poor support offered to professional women returning from maternity leave

by • Flexible working, Legal news, News, Workplace

Little support for professional women returning from maternity leaveA new survey of professional, mainly management-level women has revealed a lack of support for maternity returners by employers. According to the survey by working parents website MMB, more than four fifths of pregnant women begin their maternity leave unhappy and lacking in confidence about work – and over a third feel so isolated when they return that they want to hand their notice in. The survey of more than 1,000 mothers, 72 percent of whom were in jobs at management level or above found that only 18 percent of maternity returners felt happy and confident about work – having seen the way previous maternity returners had been dealt with by their employer. Over a third (37 percent) felt so unsupported and isolated on their return that they wanted to leave and just 17 percent felt they received good communication and support through the maternity process.

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Modest goals are more appealing to people than maintaining the status quo

Modest goals are more appealing to people than maintaining the status quo

by • News, Workplace

Thanks to a quirk in the way our brain evaluates goals, people feel it’s easier to achieve a small incremental goal than to maintain the status quo, when both goals are assessed in isolation. This is especially true if the context is seen as unfavourable.  This finding, which contrasts with the popular belief that no change is easier than any change, is the main conclusion of research led by marketing professors from INSEAD, IE Business School and Pamplin College of Business.

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Flexible office market to grow by a third each year for next five years

Flexible office market to grow by a third each year for next five years

by • Facilities management, Flexible working, News, Property, Workplace design

Gig economy leading to growth of flexible office space says JLLThe gig economy has helped lead to the doubling in size of the flexible office space sector since 2014 and it’s set to grow by up to 30 percent per year over the next five years claims new research published by JLL. Disruption or Distraction, a report delving into the growth of flexible office space across Europe explores the main drivers of the sector’s boom – including evolutionary changes in how, when and where people work, shifts in lifestyle, and rapid advancements in technology – and provides unique insights into the risks and rewards for both companies and real estate investors in Europe. (more…)

Working parents lead the charge of British workers into the side hustle

Working parents lead the charge of British workers into the side hustle

by • News

A new study published by GoDaddy and the Centre for Economics and Business Research (Cebr), claims that ‘side hustling’, in which people have small business ventures running alongside their main job, has risen by around a third over the last decade. The study claims that the UK’s side hustlers make a substantial contribution to the economy, with every 1000 side hustles creating 876 extra jobs. The report, Side hustle: a way of life, not work also claims that 44 percent of side hustlers are parents with at least one child under 19 living at home.

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Employees call for radical new approach to address stress at work

Employees call for radical new approach to address stress at work

by • Flexible working, News, Wellbeing, Workplace

Employees call for radical new approach to address stress at work

Today marks the start of International Stress Awareness Week, 5th – 9th November 2018, and new research claims that two-thirds of employees (64 percent) have ‘poor’ or ‘below average’ mental wellbeing according to the Short Warwick-Edinburgh Mental Wellbeing Scale (SWEMWBS). The research, conducted by The Stress Management Society and commissioned by workplace consultants, Peldon Rose found that over a third (36 percent) of people say their workplace stress has been on-going for the past five years.

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Organisations at risk of falling behind due to a lack of AI strategy, training and experience 

Organisations at risk of falling behind due to a lack of AI strategy, training and experience 

by • AI, News, Technology

UK organisations risk falling behind oversees competition due to a lack of Artificial Intelligence strategy, according to a new report (registration required) published by Microsoft UK and Goldsmiths, University of London. In the face of significant disruption, the research reveals that 41 per cent of business leaders believe their current business model will cease to exist within the next 5 years. Despite big questions over the longevity of their business models, more than half (51 per cent) of business leaders surveyed revealed they do not have a relevant strategy in place to address these challenges.   (more…)

Channel 4 confirms Leeds as National HQ with Bristol and Glasgow as Creative Hubs

Channel 4 confirms Leeds as National HQ with Bristol and Glasgow as Creative Hubs

by • Cities, News, Property

Channel 4 has confirmed that Leeds will be the location of its new National HQ with Bristol and Glasgow as the locations of its two new Creative Hubs. Channel 4 announced its 4 All the UK strategy in March 2018, the biggest change to the structure of the organisation in its 35-year history. At the heart of it is a significant increase in the organisation’s Nations and Regions content spend – from 35 percent to 50 percent of main channel UK commissions by 2023, worth up to £250m more in total.

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Business leaders agree that organisations must be digitised to compete

Business leaders agree that organisations must be digitised to compete

by • AI, Facilities management, News, Technology, Workplace

Over two thirds (67 percent) of business leaders agree their company must become significantly digitalised by 2020 to remain competitive, and they are looking for HR leaders to lead the transformation. This is according to Gartner, Inc whose latest research suggests that CEOs are sharing their focus on digitalisation with their investors; with mentions of “digital” on earnings calls increasing by 20 percent year-over-year since 2010. CEOs are seeking ways to keep costs down while achieving gains in efficiency and productivity, and the HR function is expected to lead digital transformation efforts across their organisations. (more…)

The workplace world responds to the UK Autumn Budget

The workplace world responds to the UK Autumn Budget

by • News, Property, Workplace

Yesterday, the Chancellor Philip Hammond announced the details of the UK government’s latest budget. While Brexit and austerity inevitably cast their shadows over the whole thing, there were a number of announcements relevant to the workplace, construction, tech and built environment sectors, some of which have been broadly welcomed by commentators, industry bodies and experts. Some are decidedly less popular. Among the announcements in the budget were new plans for infrastructure and property, skills and training, tax regimes for the self-employed, productivity, business rates and mental health.

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Majority of maternity returners say they lack support when they go back to work

Majority of maternity returners say they lack support when they go back to work

by • Flexible working, News, Wellbeing

Lack of support for maternity returners among UK businesses has been uncovered in a new survey of professional, mainly management-level women. More than four fifths of pregnant women begin their maternity leave unhappy and lacking in confidence about work – and over a third feel so isolated when they return that they want to hand their notice in. MMB, a working parents’ website, surveyed more than 1,000 mothers, 72 percent of whom were in jobs at management level or above.

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