Search Results for: finance

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…)

May 28, 2019

SMEs are driving job growth but lack skills says OECD

by Mark Eltringham • News, Workplace

Small and medium-sized enterprises (SMEs) have been a significant driver of employment growth in recent years, mainly through the creation of new firms, including in high-growth sectors such as information and communication technologies (ICT). But the new OECD SME and Entrepreneurship Outlook claims to highlight how most SME job creation has been in sectors with below average productivity levels, with SMEs typically paying employees around 20 percent less than large firms. While SMEs are more engaged in new organisational or marketing practices than large firms, and sometimes more innovative in developing new products and processes, many continue to struggle disproportionately with developing the skills and resources needed to navigate the increasing complexity in technologies and markets.

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May 15, 2019

Increase in number of FTSE 100 CEOs from tech backgrounds

by Marie Hillen • Legal news, News, Technology, Workplace

Digital disruption has led to a rise in the number of FTSE 100 CEOs with a background in technology, but age, education and gender diversity remain stagnant, claim the results of the annual Robert Half FTSE 100 CEO Tracker. It shows that the proportion of FTSE 100 CEOs with a background in technology has increased by 27 percent in the last year, with 14 percent of CEOs now having a background in the sector. (more…)

May 9, 2019

Property investors cool on issue of climate change

by Mark Eltringham • Environment, News, Property

According to a RICS global survey of Commercial and Construction market professionals, in the UK, 47 percent of respondents reported that climate change risks are not important or irrelevant for investors. In addition, while 25 percent reported that there is more interest in energy efficient buildings than two years ago, 37 percent noted that investment into energy efficient buildings was limited to niche investors. The study concludes that it still appears that other considerations take precedence in the UK for investors, and the UK is lagging behind China and Hong Kong in this area, where 41 percent reported that energy efficient buildings are increasingly seen as an attractive form of investment. The issue of responsible investment, will be being discussed on the 13 and 14 May at the RICS World Built Environment Forum, Summit in New York. (more…)

May 7, 2019

Retention of EU workers no more difficult for many UK employers

by Neil Franklin • News, Workplace

More than half of UK companies say the referendum result hasn’t affected their ability to retain EU staff so far, according to research from REED. Despite this positive news, the poll of nearly 500 UK senior professionals for its research revealed that a third singled out getting access to EU workers as the biggest issue for their organisation around Brexit. However, there is also strong support for getting access to the EU market (44 per cent) with 70 per cent of those asked wanting a close relationship with the EU when and if the UK leaves the EU. (more…)

May 2, 2019

UK should phase out greenhouse gas emissions by 2050, claims government report

by Mark Eltringham • Environment, News

The UK can end its contribution to global warming within 30 years by setting an ambitious new target to reduce its greenhouse gas emissions to zero by 2050, the Committee on Climate Change (CCC) has said in a report today. But the habits of people and organisations will have to change dramatically. Ten years after the Climate Change Act became law, now is the right moment to set a more ambitious goal. Achieving a ‘net-zero’ target by the middle of the century is in line with the UK’s commitment under the Paris Agreement; the pact which the UK and the rest of the world signed in 2015 to curb dramatically the polluting gases that cause climate change. (more…)

April 11, 2019

The best tall buildings in the world are announced

by Neil Franklin • News, Property, Workplace design

The Council on Tall Buildings and Urban Habitat (CTBUH) has announced the winners of the 17th Annual CTBUH Awards Program. These winning projects – comprising tall buildings, urban developments, and technical innovations – competed for winning distinctions at the 2019 Tall + Urban Innovation Conference from April 8–10 in Shenzhen. The CTBUH Awards Jury has named Salesforce Tower in San Francisco designed by Pelli Clarke Pelli as the “Best Tall Building Worldwide”, in addition to naming Category Winners across 20 award categories. (more…)