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Flexible working to contribute £148 billion to UK economy by 2030

Flexible working to contribute £148 billion to UK economy by 2030

A predicted boom in flexible working could contribute £148 billion to the UK economy by 2030, equating to 16 times the cost of the London 2012 Olympics, according to the a socio-economic study of changing workplace practices. The analysis, commissioned by Regus and conducted by independent economists, studied 16 key countries to delve into the state of flexible working now and predictions for 2030.

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Lack of motivation at work impacts both performance and mental health

Lack of motivation at work impacts both performance and mental health

Lack of motivation at work impacts both performance and mental healthOver seven in ten UK employees want their employers to do more to motivate them claims a new study from Reward Gateway which suggests  that some of the alarming effects that being unmotivated has on employees included a worsening in mood (60 percent); reduction in productivity levels (48 percent); declining mental health (46 percent) and a reduction in quality of work (40 percent).  Over a quarter (26 percent) say their relationships with family and friends suffer and 2 in 10 admit to drinking more alcohol when lacking motivation.

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Cultural attitudes define the race for 5G connectivity as Germany and Holland inch ahead

Cultural attitudes define the race for 5G connectivity as Germany and Holland inch ahead

New research commissioned by international law firm Osborne Clarke claims that businesses in Germany and the Netherlands could be leading the global race to embrace next-generation 5G connectivity. The Next Generation Connectivity research of executives and managers from 11 countries, conducted by the Economist Intelligence Unit, also claims that approaches and attitudes to adopting connectivity vary country to country. This, Osborne Clarke says, could hinder future opportunities.

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Nearly a quarter of London office take up is in financial sector, says CBRE

Nearly a quarter of London office take up is in financial sector, says CBRE

Nearly a quarter of London office take up in financial sector, says CBREDespite political and economic uncertainly and the aftermath of the global monetary crisis in 2008, London remains a leading global financial centre, with nearly a quarter (24 percent) of the capital’s office take-up attributed to banking and finance occupiers over the last ten years. London is by far the most active banking centre in Europe, according to the latest research from global real estate advisor CBRE. According to the report, 1.1 million people were employed in the UK financial services sector in 2017, of which 34 percent were in London. More →

Smart spaces and the other top technology trends for 2019

Smart spaces and the other top technology trends for 2019

Technology researcher Gartner has highlighted the top strategic technology trends it believes organisations should be aware of in 2019. Gartner defines a strategic technology trend as one with ‘substantial disruptive potential that is beginning to break out of an emerging state into broader impact and use, or which are rapidly growing trends with a high degree of volatility reaching tipping points over the next five years’. One of the interesting points to note is the inclusion of the physical workplace yet again, as we highlighted in our recent feature on the trends shaping office design.

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Fewer than half of UK managers would recommend their workplace to others

Fewer than half of UK managers would recommend their workplace to others

Less than half of UK managers would recommend their workplace to othersUnder half (47 percent) of British managers ‘completely agree’ that they would recommend their workplace to others, lagging behind other countries, such as Austria (66 percent), Finland (53 percent), Switzerland (53 percent), and France (51 percent). This is according to a Cornerstone OnDemand and IDC survey of over 1,900 European HR, IT and line of business managers, Future Culture 2018: Building a Culture of Innovation in the Age of Digital Transformation (registration required). More →

Majority of UK workers sit at their desk between four and nine hours a day

Majority of UK workers sit at their desk between four and nine hours a day

UK office workers may sit at their desk for up to nine hours a day

The majority (81 percent) of UK office workers spend between four and nine hours each day sitting at their desk, equating to an average of 67 sedentary days per person each year, claims a new survey from Fellowes. Nearly half (45 percent) of office workers polled said they sat at their desk for between six and nine hours daily with 36 percent claiming they spent four to six hours seated. On top of this, a huge 64 percent claimed their office environment also had a negative impact on their health.

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Manchester is being chosen over London as location for tech start-ups

Manchester is being chosen over London as location for tech start-ups

Manchester is being chosen over London as location for tech start-upsThe new northern home of the BBC is giving London a run for its money when it comes to siting offices for the UK’s top tech talent, with Manchester leading the way, according to CWJobs. The recruitment firm found that those who consider London to have the best talent, the most likely (75 percent) reason for this being the concentration of tech companies. Of those employers who believe Manchester has the UK’s best tech talent (9 percent), 56 percent believe this is due to better tech-focused educational institutions (vs 43 percent who thought London’s were better). More →

Staff would sacrifice workplace benefits for more flexibility

Staff would sacrifice workplace benefits for more flexibility

Staff would sacrifice workplace benefits for more pay and flexibilityWork/life balance, and the ability to take more annual leave, is the top priority for most European workers and 52 percent explicitly see this as an incentive for choosing certain benefits claims research from SD Worx. Employees in France (63 percent) prioritise this the most across the Europe, next is the UK, whilst workers in Austria (36 percent) and the Netherlands (32 percent) are least likely to opt for additional annual leave. Flexible working also plays a significant role in the benefits employees would choose, with home working allowances being a key factor for 21 percent of respondents and 21 percent wanting a laptop or smartphone included in their benefits package. More →

How landlords can maintain their mojo and retain tenants

How landlords can maintain their mojo and retain tenants

Flexibility is rocking the foundations of the traditional commercial real estate world. It’s entering our workforces, our offices and the shock waves are extending to the relationship between landlord and tenant. This demand for increased flexibility from the world’s workforces is due to a convergence of social and economic factors.  JLL’s Top 10 Global Corporate Real Estate (CRE) Trends report predicts the emergence of a more dynamic workforce, demand for work environments that support creativity, cross-collaboration and innovation, and an increasing focus on employee wellbeing and performance will dominate global CRE strategies throughout 2018. This has major implications for both occupiers and landlords.

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Law firms are finally embracing the agile workplace

Law firms are finally embracing the agile workplace

Strong office space take-up is predicted for this year after activity from law firms was down in 2017 against 10-year averages and compared to other sectors. Many legal companies are anticipating how their approach to workspace might have to change. This includes trialling new ways of working and years of overreliance on private offices. The legal sector is compared to many other services’ professions “closed” – and therefore ripe for change. There is an abundance of technology start-ups looking to introduce disruptive tech that will render many legal roles obsolete. The sector is also haemorrhaging senior talent as experienced professionals leave and the sector has failed thus far to adapt to modern working conventions including the agile workplace. Despite working in the digital age of wireless tech and cloud computing, 64 percent of lawyers found it difficult to work remotely because their technology wasn’t suitable (according to research from Lexis Nexis).

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BIFM announces winners of its annual awards

BIFM announces winners of its annual awards

Now in their 18th and final year before the Institute changes its name, the BIFM Awards set out to ‘celebrate the profession’s finest, honouring those whose outstanding work has driven innovation and achieved exceptional results in the organisations where they work, benchmarking excellence and inspiring others’. Thirteen winners were announced from 46 finalists at a ceremony held last night in London. The occasion also celebrated the work of a further nine finalists whose initiatives were highly commended by the judges.

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