Search Results for: economy

September 5, 2017

Robots and climate change head list of concerns of young people worldwide

by Mark Eltringham • AI, Environment, Wellbeing

The World Economic Forum has published the third edition of what it claims is the world’s most geographically diverse survey of millennials, the Global Shapers Annual Survey 2017. Over 31,000 people aged between 18 and 35 responded to the survey, giving insights into their views on society, business, politics, the economy and technology as well as their workplace and career aspirations. The survey, which is available in 14 languages, surveyed young people from 186 countries and territories. According to the survey they are optimistic that technology will create more jobs than it destroys, although only a quarter would trust a robot to make decisions on their behalf.

August 23, 2017

I’ve got some real estate here in my bag

by Paul Carder • Comment, Flexible working, Property, Technology

Let us be lovers,
We’ll marry our fortunes together.
I’ve got some real estate
Here in my bag.
So we bought a pack of cigarettes,
And Mrs. Wagner’s pies,
And walked off
To look for America.
“Kathy”, I said,
As we boarded a Greyhound in Pittsburgh,
Michigan seems like a dream to me now.

August 23, 2017

New eco coworking centre breaks ground in Oxfordshire

by Neil Franklin • Architecture, Company news, Environment, Property

Construction has begun on a new zero carbon business centre at the Elmsbrook development in Bicester, Oxfordshire. PERCH, Elmsbrook is one of two new coworking spaces brought to Bicester by Cherwell District Council (CDC) and is subject to support from European Regional Development Funding. The 1,400 sqm building will span three floors and accommodate up to 125 people. The council claims it will be unique in ‘providing local office space for individuals and small businesses in a highly sustainable building, meeting the standards of the North West Bicester Eco Town’ scheme.

August 22, 2017

Regional office market remains strong and embraces the co-working revolution

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

The creative industries sector accounted for over a third 35 percent) of take-up in the regional office market in the first half of the year, with this sector in particular driving the co-working revolution and the provision of flexible office space. Latest figures in CBRE’s H1 2017 Property Perspective, which monitors the performance of ten regional cities, overall, the UK’s regional office markets saw continued demand in the first half of 2017, with office take-up reaching 2.8 million sq ft, only slightly lower than the five-year average. For the first half of 2017, several cities witnessed improved levels of take-up when compared with the first half of 2016, these include Aberdeen, Edinburgh, Leeds and Manchester. Select locations such as Reading, Maidenhead and Watford also saw a continuation of record rents being set during the first half of the year, which has largely been driven by the delivery of new developments.

August 21, 2017

Office sector undergoing transformational structural disruption in response to changing supply and demand

by Mark Eltringham • News, Property

Amid varying economic performances and property fundamentals, North American and European office leasing markets are generally performing well as they undergo an important shift in dynamics influenced by trends transforming both occupier demand and the supply of new product. Traditional drivers of demand are being joined by emerging disruptors that will increasingly shape the future of the office-space market and commercial real estate as a whole. These are some of the key trends noted in Avison Young’s Mid-Year 2017 North America and Europe Office Market Report. According to the report, of the 64 office markets tracked in North America and Europe, which comprise almost 6 billion square feet, market-wide vacancy rates decreased in 40 of the markets as nearly 52 million square feet was absorbed. Occupiers’ desire for new products remains strong and developers have responded, according to the report, with more than 62 million sq. ft. of office space was completed during the 12-month period ending June 30, 2017.

August 17, 2017

Precarious flexible working lives create toxic relationships between managers and workers, claims study

by Mark Eltringham • Flexible working, News, Wellbeing

Millions of British workers are having their health and home life put at risk and are having to beg for extra work to make ends meet because bosses are not offering them regular work patterns, a new study from Oxford and Cambridge Universities suggests. According to the study, Powerful times: Flexible discipline and schedule gifts at work published in the journal Work, Employment and Society, around 4.6 million people are subject to ‘precarious scheduling’ from employers which means that their hours are so inconsistent and unpredictable that they cannot make plans, leading to stress and problems in their home lives. The researchers said that many workers now find themselves in ‘degrading’ relationships with managers in which they are obliged to constantly ask for more work and changes to allow them to care for children and plan their domestic and recreational lives.
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August 15, 2017

Millennials less likely to work remotely as they feel prohibited from working flexibly

by Sara Bean • Flexible working, News, Workplace

There is growing sentiment among younger workers that flexible working is less a right – as outlined by the Government in 2014 – and more a ‘selective benefit’ for a choice group of employees. New research by Michael Page claims that two thirds (67 percent) of millennials believe employees with families are more encouraged to work flexibly than their single colleagues, and 6 in 10 (61 percent) feel the same flexible working privilege appears to apply more to senior co-workers, with junior team members more often discouraged from flexible working initiatives. Nearly half (43 percent) say it is a benefit reserved for management and senior leadership only. As a result, more than 8 in 10 (84 percent) office based millennial employees do not work from home in an average working week – with 82 percent of those saying they are not able or allowed to. This is despite the fact that three quarters (76 percent) of UK office workers confirm that their employer offers flexible working options.

August 15, 2017

Job vacancies are on the rise, but pay and productivity remains stagnant

by Sara Bean • Legal news, News, Workplace

UK employment is predicted to grow strongly in the third quarter of 2017, but wage growth is likely to remain weak, according to the latest CIPD/The Adecco Group Labour Market Outlook. Although the UK labour market remains buoyant, basic pay award expectations for the next 12 months remain at just 1 percent. Put against the backdrop of poor productivity growth, the report points to an increase in labour supply over the past year as a key factor behind the modest pay projection. This is driven by relatively sharp increases in the number of non-UK nationals from the EU, ex-welfare claimants and 50-64 year olds. This increase in labour supply may explain why the jobs market remains challenging for some jobseekers, especially those seeking lower-skilled jobs. Employers report a median number of 24 applicants for the last low-skilled vacancy they tried to fill, compared with 19 candidates for the last medium-skilled vacancy and eight applicants for the last high-skilled vacancy they were seeking to fill. Overall, employers felt that around half of applicants were suitable for each role they were trying to fill.

August 14, 2017

Mayor announces plans to boost digital connectivity across London

by Neil Franklin • Cities, News, Technology

The Mayor of London, Sadiq Khan, has announced a package of measures which he claims will boost digital connectivity across the capital and tackle London’s areas of poor connectivity – known as ‘not-spots’ – including the appointment of a troubleshooting ‘Not Spot Team’. Meanwhile, Transport for London is working to bring mobile connectivity to London Underground tunnels – one of the most high-profile not spots in the country. In spite of Brexit, London is still widely regarded as Europe’s leading technology hub, with a growing sector of over 40,000 digital technology businesses employing almost 200,000 people, as well as major bases of many leading global tech companies. But while the capital leads the way in tech growth, there are parts of the city where slow and unreliable broadband is a source of concern and frustration for businesses and residents alike, such as in Rotherhithe and parts of Westminster and the City of London.

August 10, 2017

Could a four-day week help improve UK productivity?

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

Over half (61 percent) of office workers believe they’d improve their performance levels if they worked a four-day week; and 40 percent believe they would be more productive working remotely. This is according to new research which claims that UK productivity has fallen dramatically, with one in three (31 percent) office workers admitting they are unproductive for a huge two hours every day. The report, commissioned by office products firm Fellowes, argues that despite being the fifth largest economy in the world, the UK sits 15th in the productivity table, lagging behind the likes of Sweden (31 hours p/w), Denmark (27.2 hours p/w) and Norway (27.3 p/w) – who all work, on average, less hours per week than Brits (32 hours p/w). As a third of workers are essentially working a six-hour day, many believe it’s time to look towards Scandinavian countries like Sweden – who recently trialled a 6-hour working day – where employees have more flexibility to choose when and where they work. More →

August 7, 2017

New analysis reveals shrinking pool of younger workers in the UK workforce

by Sara Bean • Legal news, News, Workplace

An increase in the number of UK-born employees leaving the UK’s workforce, either through retirement or emigration is coinciding with a shrinking pool of younger workers, which a fall in immigration can no longer fill, a new report warns. An analysis of the UK’s workforce showed that the UK’s workforce grew in 2016-2017 only because of an increase in EU and non-EU workers. Mercer’s Workforce Monitor showed that retirement, opting out (i.e. due to caring responsibilities) or emigration saw around 143,000 UK-born employees leave the UK workforce with the loss of workers only being offset by the entry of around 147,000 EU-born workers and around 232,000 Non-EU workers. In sum, the UK’s workforce grew by an estimated 234,000 over 2016-2017. From Q1 2016 to Q1 2017, the number of workers over 50 in the UK economy grew by 230,000, the under 35’s grew by 50,000 while the number of workers aged 35-49 shrunk by 48,000. According to the analysis, if net migration into the UK levels off at 100,000 per year from 2020, the number of under 50s in the workforce will fall by 200,000 by 2025; the over 50s would increase by over 1 million while the number of under-25s in the population would fall by 100,000. This means apprentices and graduates numbers will be less.

July 27, 2017

British businesses at risk of creativity crisis, according to new Microsoft research

by Neil Franklin • News, Technology, Workplace design

British businesses are at risk of a creativity crisis due to workplace cultures that stifle innovation, according to new research launched by Microsoft Surface. Uninspiring workplaces (41 per cent), a stressful atmosphere (34 per cent) and a lack of appropriate spaces to focus and think alone (28 per cent) were all identified as major inhibitors to creativity. Two in five workers surveyed (40 per cent) say that creativity and innovation are neither encouraged nor rewarded within their workplace – despite creativity being one of the top three skills workers will need to thrive by 2020, according to the World Economic Forum. The research, based on the views of more than 1,100 workers, found that whilst almost three quarters of respondents (73 per cent) consider themselves to be creative, demands of the modern workplace need rethinking, with symptoms such as overworking and stress stifling our ability to tackle problems and produce good ideas. Half of workers (50 per cent) feel least creative when tired, 45 per cent when stressed, while existing workloads (39 per cent) and organisational processes (32 per cent) were also cited as barriers to employees being more creative.