Search Results for: economy

HSE publishes latest report on workplace ill health and injuries

HSE publishes latest report on workplace ill health and injuries 0

Quarter of the UK workforce report they're suffering long-term ill healthThe Health and Safety Executive has released its latest statistics on work related illnesses, injuries and death in UK workplaces. The main takeaway from the data appears to be that after more than a decade of substantial falls across a spectrum of conditions and injuries, there are signs that numbers are starting to stabilise. According to the data for 2014/15, more than a million UK workers were made ill by their work during the year, losing some 27.3 million days and costing the economy £14.3 billion. This represents a fall of over 30 percent since 2002. Most absence is now down to stress, depression, anxiety (collated as a single issue for this particular report) and musculoskeletal disorders. These two groupings account for 9.9 and 9.5 million days off work respectively. The average days lost per case for stress, depression or anxiety (23 days) is higher than for musculoskeletal disorders (17 days).

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UK firms turn to flexible working and wellbeing to bridge productivity gap

UK firms turn to flexible working and wellbeing to bridge productivity gap 0

flexible working womanIt’s not just larger organisations and governments that are having to grapple with the UK’s persistent ‘productivity puzzle’ but also smaller businesses who are increasingly turning to flexible working and other people centric initiatives to address the problem. That is one of the main findings of a new report from trade association Group Risk Development (GRiD).  According to their survey, nearly a quarter of employers (23 percent) believe productivity is an issue facing their business.  According to the office for National Statistics (ONS) this is a common problem across the entire UK economy as output per hour is stubbornly around 20 percent below the average for all G7 economies. This is the widest gap ever recorded and, according to GRiD is driving employers to seek ways of addressing their own shortfall with flexible working and wellbeing initiatives as well as investment in new equipment and technology.

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OECD report urges firms to use Big Data analytics for growth and wellbeing

OECD report urges firms to use Big Data analytics for growth and wellbeing 0

WellbeingA new OECD report claims that organisations could be doing far more to use the data they and their employees generate to deliver a wide range of social, economic, commercial and personal benefits. In Data-driven innovation for growth and wellbeing, it suggests that  governments do more to encourage investment in Big Data and promote data sharing. The report urges countries to act to train more data scientists, reduce barriers to cross-border data flows and encourage investment in business processes to incorporate data analytics. It also claims that few companies outside the ICT sector are changing internal procedures to take advantage of data. This is particularly the case for small and medium-sized companies who face barriers to the adoption of data-related technologies such as The Cloud, partly because they have difficulty implementing organisational change due to limited resources.

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Multi office occupiers in the City of London could face millions more in taxes

Multi office occupiers in the City of London could face millions more in taxes 0

Commuters walking into the central financial business district of London's DocklandsMulti office occupiers in the City of London could face an additional tax bill of an estimated £720million thanks to the recent Woolway v Mazars Supreme Court decision, which could allow the Valuation Office Agency (VOA) to assess business rates on a floor by floor rather than the entire area a company occupies, Cluttons has warned. Currently the VOA applies an allowance, or discount in layman’s terms, on substantial accommodation occupied over several floors in a building, subject to the size and specification of areas occupied. Within the Square Mile allowances starts from 70,000 sq ft for Grade A office space, 50,000 sq ft for Grade B and 21,000 sq ft for basic or poor accommodation. However, the Supreme Court’s decision, which contradicts previous case law and the VOA’s current policy, could mean businesses may lose any size allowance on their existing rating assessments.

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Small businesses vital for cities, but London SMEs struggle with property costs

Small businesses vital for cities, but London SMEs struggle with property costs 0

London Technology WeekTwo new surveys demonstrate that while small firms in creative sectors are essential for the economic success of the UK’s cities, many small businesses are struggling to find appropriate and well-priced office space in London and are now calling on the incoming new Mayor of London to address the issue as a matter of  urgency. While a report  from the Centre for Cities shows how small businesses in the creative, professional and digital sectors drive job growth, productivity and average wages in ten key UK cities, the study by the Federation of Small Businesses claims that the cost of commercial property remains one of the most pressing concerns for many SMEs based in London. The FSB study also found that the cost of living in London was also a concern for small employers in the capital, with many claiming it makes it incredibly hard to attract and retain employees.

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How workplace design is more closely reflecting how we actually work

How workplace design is more closely reflecting how we actually work 0

workplace design and how we workIn years gone by, a ‘one size fits all’ approach to office design might have been the norm, but as the decades have progressed, so too have the options available to businesses designing ‘homes from home’ for their office-based workforces. As new interpretations of the office environment proliferated, so the open plan model came to into being and eventually evolved into the default office design model. This initially brought greater variety than ever before but, ultimately, a one size fits all mentality in workplace design ultimately prevailed – every worker was expected to work in certain ways, utilising the equipment and furniture supplied and designed for them. From inception through to occupancy, the average new office involves a six-year period of design and construction involving varying teams of people discussing the best and most attractive solution for the actual end user.

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Commercial property markets in world cities are evolving rapidly

Commercial property markets in world cities are evolving rapidly 0

Commercial property in the world's citiesThe commercial property markets in the world’s major cities are evolving against a backdrop of ongoing economic and political uncertainty, according to the new 12 Cities Report from Savills. The authors suggest that the main consequence of this since 2008 has been for investors to switch their focus from paper assets to property. This in turn has led to a number of developments in local commercial property markets including global investors looking for alternatives to the major cities within key national economies. One of the key developments is that major tech firms are now willing to spend as much on their real estate as the previously dominant financial giants. One other interesting issue raised in the report is the growing inability of people to afford to live and work in the same place, especially in cities with restrictions on the amount of space available for development.

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Case studies illustrate key role of HR in transformational change

Case studies illustrate key role of HR in transformational change 0

As economy picks up, implementing change is greatest management challenge in coming yearA growing understanding of the importance of breaking down silos between workplace disciplines has resulted in initiatives such as the launch of the Workplace Conversation. Now a new report from the CIPD and the University of Bath, features four change management case studies that demonstrate what can be achieved when HR becoming an integral part of the team responsible for designing and implementing all the processes required during periods of transformational change. The report, Landing transformational change: Closing the gap between theory and practice features BBC Worldwide, HMRC, News UK and Zurich UK Life and reveal that in all these cases, the HR function was most successful when it facilitated action, enabling managers to inject their own customisation to suit the needs of their divisions, rather than adopting a more centralised approach to implementing change.

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A review of the CIFF office design show 2015 in Shanghai

A review of the CIFF office design show 2015 in Shanghai 0

CIFF office designShanghai’s population is reported to be in the region of twenty six million, more than double that of London, and the city continues to creep outwards inexorably, attracting even greater numbers. For the casual visitor however, its vast size does somehow seem to be manageable, just. The traffic is very heavy of course, but it does move, albeit slowly. There are few commercial vehicles on the city’s roads during the day and, in an effort to control the rampant pollution, almost all of the private cars and scooters are either electric or hybrids. This means that there is an eerie near-silence from the massive volume of traffic, interrupted only by the occasional police siren or outbreak of hooting from an impatient motorist. After dark, on poorly-lit streets, pedestrians are at real risk of getting run over by the silent cars or scooters that rarely use their lights – an economy measure?

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John Fogarty reflects on a career in office furniture spanning five decades

John Fogarty reflects on a career in office furniture spanning five decades 0

Office workI was lucky to enter the office furniture industry in 1971, at the beginning of a decade shaped by the explosive advent of new office technology. What had gone before would not have looked that different to anyone who’d worked a corporate office in the 1890s: serried ranks of desks occupied by clerical staff bashing away on manual typewriters and comptometers (calculating machines). Although electric typewriters had been around for most of the century, decades of global conflict had constrained their development. The first major advance came with the launch of the IBM Selectric golf-ball in 1961. Although a beautiful object – I recall this being the first item associated in my mind with the term ‘product design’ by a named designer (Eliot Noyes) – it remained expensive and rare until the price reductions driven by the multi-licensing in 1972 of the Diablo daisy-wheel print head.

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Five essential office design trends to look for in the near future

Five essential office design trends to look for in the near future 0

Google Tel Aviv OfficeSince the early Twentieth Century, business leaders have been experimenting with office design in an attempt to improve productivity. From the sea of forward-facing desks imagined by Frederick Taylor, to the infamous cubicle of the late 1960s, to today’s open-plan office, each innovation has said something about our changing relationship to work. In a Gensler survey with more than 2,000 participants, 90 percent of respondents indicated that better workplace design and layout result in better overall performance. The greatest developments of recent times have emerged from the tech giants of Silicon Valley, where businesses have blended playfulness, company culture and the collaborative benefits of open layouts to craft unique and engaging spaces. So where are we headed? Here are five major trends that are likely to have a lasting impact on the way we work.

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UK pay rates predicted to overtake rest of Western Europe

UK pay rates predicted to overtake rest of Western Europe 0

UK economyLatest figures from the ONS show that after several years of pay rises at or below the level of inflation, the UK has seen average pay rates grow at the fastest rate since 2009. Unemployment rates are unchanged at 5.5 percent compared with February to April 2015 but lower than for a year earlier (6.2 percent). Comparing May to July 2015 to a year earlier, both total pay (including bonuses) and regular pay (excluding bonuses) for employees in Great Britain increased by 2.9 percent. According to the latest Salary Budget Planning Study from Towers Watson’s, this upward trend will continue, with British workers set to enjoy a boom in real-terms pay increases in 2015. The study, primarily covering private sector companies, shows that average UK pay rises of 3 percent, coupled with record low annual inflation of 0.2 percent, will outstrip those enjoyed by workers in all other major European economies.

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