August 9, 2019

Productivity decline linked to poor employee financial wellness

by Neil Franklin • News, Technology, Workplace

Almost all (98 percent) employers believe that their employees’ financial wellness has a direct impact on productivity and their business performance – especially concerning employee productivity (67 percent) and engagement (62 percent). This is according to the Future of Pay research study (registration) by technology firm ADP, which surveyed 4,000 employees and 2,900 businesses to explore workers’ perceptions and attitudes towards traditional and emerging pay methods to address some of the biggest human capital management concerns. More →

July 26, 2019

Number of flexible benefits programmes continues to rise

by Jayne Smith • News, Workplace

New research from Aon, claims that flexible benefits programmes continue to be popular within organisations, despite communication challenges and a potential impact from 2018’s optional repayment arrangement (OpRA) regulations. Aon’s Benefits and Trends Survey 2019 claims that 45 percent of employers say they already have an online benefits or flex portal, with a further 20 percent saying they plan to introduce one within the next three years. This compares with last year’s 37 percent and 26 percent, respectively. More →

July 25, 2019

SMEs remain in dark about rights of disabled employees

by Neil Franklin • Legal news, News, Wellbeing

Despite ambitious government policies to get a million disabled people into work over the next ten years, the latest ONS data shows a minuscule 5 percent increase since the 2017 goal, which would only see a total of merely 5,800 disabled people in work by 2027 if the pattern continues. In light of the disability employment issue, a new survey of UK SME owners conducted by Bolt Burdon Kemp claims that 95 percent of respondents don’t know the full legal rights of disabled employees. More →

July 24, 2019

New government has unprecedented chance to transform buildings

by Neil Franklin • Environment, News, Property

The new UK government led by Boris Johnson has an unprecedented opportunity to dramatically shift policy on the built environment and deliver higher standards of safety, sustainability and social justice, according to the Building Engineering Services Association (BESA). It urged the new administration to back up rhetoric around climate change with robust legislation; to enshrine the recommendations of the Hackitt Review to improve fire safety in buildings; and tackle the scourge of late payment that is undermining thousands of SME and driving many into insolvency. More →

July 18, 2019

Construction sector loses patience with Brexit indecision

by Neil Franklin • News, Property

Activity in the construction sector rose in the second quarter of the year, despite concerns that political uncertainty surrounding Brexit was holding back investment. The Royal Institution of Chartered Surveyors claims that the market has lost patience with the lack of clarity over Brexit and that clients were beginning to push ahead with projects, albeit tentatively. In its construction and infrastructure survey, a balance of 16 per cent of respondents reported an increase in work, up from 9 per cent in the previous quarter. More →

July 11, 2019

Tick box attitude to women on boards must stop

by Neil Franklin • Home, News

Although the percentage of women on boards at FTSE 100 firms is on track to reach 33 percent by 2020, a new report claims there are worrying signs that companies are appointing women for symbolic value. The Female FTSE Board Report, produced annually by Cranfield University’s School of Management, claims that women serve shorter tenures than men (on average, female non-executive directors serve 3.8 years – with men serving 5 years) and are less likely to get promoted into senior roles. More →

July 2, 2019

More people than ever plan to work past 65 but health fears remain

by Neil Franklin • News, Wellbeing, Workplace

According to ONS statistics, nearly three quarters (71 percent), or 23 million UK based employees, plan to work beyond the age of 65, but two in five of these (41 percent) – equivalent to 9.5 million workers – are concerned their health will make it difficult to do so, according to new research from Canada Life Group Insurance. Over a quarter (27 percent) of UK employees think their boss views older workers as a ‘hassle’ because of these possible health struggles. This highlights the potential for poor health to act as a barrier to employment and retention of older workers. Employees also believe their boss perceives older workers as stuck in their ways (30 percent) and technologically inept (30 percent). Among the biggest concerns of those intending to work beyond the age of 65 is that they will be treated differently because their boss or colleagues perceive them as being ‘old’. More →

June 25, 2019

Surge in demand for London office space

by Neil Franklin • News, Property

May 2019 saw a total of 13.3m sq ft of London office space under construction across 98 developments. 60 percent of this space has already been let or is under offer, the highest level to be achieved in over 15 years. This is according to new data from real estate advisor CBRE. Take-up of office space rose above the 10-year average in May 2019, increasing to 1.2m sq ft. There were eighty transactions, of which twelve were greater than 20,000 sq ft in size. The largest deal of the month saw the European Bank for Reconstruction & Development take 358,700 sq ft at Five Bank Street (pictured). More →

June 20, 2019

London remains second most expensive office market

by Neil Franklin • News, Property

Hong Kong Central and London’s West End held onto their top spots in a ranking of the most expensive office market locations in the world at $322 and $220.70 per sq. ft. per year respectively according to the latest Global Prime Office Occupancy Costs report from CBRE. The ten most expensive markets were the same markets as last year, though several have changed positions within the top category. The biggest gainer within the top 10 was Midtown Manhattan ($196.89) in New York City, which climbed to the fourth most expensive market this year from the sixth last year. London City retained its number 10 position on the list at $139.75 per sq. ft. More →

June 10, 2019

Half of US workers have a “side hustle” to earn more

by Neil Franklin • Flexible working, News, Workplace

Nearly half (45 percent) of US workers say they earn extra income by using a side hustle, according to a new report from Bankrate.com. This includes both full-time (43 percent) and part-time (51 percent) workers. For most (66 percent), the extra money accounts for less than half of their monthly earnings. However, around a third of the 2,550 people surveyed say the extra income is needed to pay regular living expenses. Slightly more (34 percent) say they use the money for discretionary spending and 27 percent say it’s to boost their savings. More →

June 6, 2019

In defence of open plan office design

by Elizabeth Mixson • Features, Workplace design

Noisy, distracting, toxic and disastrous. These are just a few words that have been used to describe open plan office layouts. Though the open office layout model was originally conceived to promote collaboration, innovation and stronger workplace relationship, if recent press is to be believed, it’s had the opposite effect at many companies. More →

June 3, 2019

Come for the rent, stay for the experience of coworking

by Aki Stamatis • Comment, Coworking, Workplace design

When attending last year’s CoreNet Global Summit in Boston, there was a poll of the real estate executives gathered to discuss the key trends affecting the world of commercial property. During the event we were asked about our attitudes to coworking by the event organisers and Cushman & Wakefield. What emerged was a portrait of genuine revolution in real estate thinking. The number of employees from the respondents’ organisations using coworking space had doubled in the previous two years and now stood at around 11 percent of all employees. More →