Search Results for: finance

Are open plan workspaces truly evil or is this just fake news?

Are open plan workspaces truly evil or is this just fake news?

A recently published paper describing the results of an academic study by Ethan S. Bernstein and Stephen Turban[1], both of Harvard, has become another unwarranted casualty of the debate within our industry and in the mainstream media on ‘open plan’ offices versus anything else. The researchers conducted two controlled studies in different organisations before and after a workplace refurbishment from dedicated cubicles to dedicated open plan (benching) neighbourhoods, and concluded that face to face interaction reduced significantly, while email and other digital communications increased in the new environment.

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The scale and complexity of public sector procurement makes a change of direction difficult

The scale and complexity of public sector procurement makes a change of direction difficult

A new report from the Institute for Government claims that the British  government spends around £284bn – almost one-third of its total expenditure – with external suppliers. Given its scale, public sector procurement could not easily be abandoned even if politicians wanted, the report concludes. It says that four departments spent more than half of their entire budgets with external suppliers last year. It also finds that the largest suppliers are winning more and more government business.

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Unhappy workers engage in non-work related activities to get through the day

Unhappy workers engage in non-work related activities to get through the day

Over two thirds (69 percent) of full-time employees in the UK are currently unhappy at work, with the majority (88 percent) admitting to regularly doing non-work related activities to ‘make the day go faster’, new research claims.  Of the 2,101 respondents surveyed, 61 percent stated that the largest distraction at work is gossiping to other co-workers, followed by almost half (45 percent) spending time procrastinating on Facebook and using personal email (44 percent).

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Half of employees prefer to discuss health issues with colleagues than loved ones

Half of employees prefer to discuss health issues with colleagues than loved ones

Half of employees prefer to discuss health issues with colleagues than loved onesAlmost half (49 percent) of UK employees admit they speak to colleagues about health concerns before sharing it with a partner or loved one, claims new research by Bupa Health Clinics. Stress, sleep, anxiety and weight problems are among the main concerns being discussed by employees at work, before confiding in those closest to home.  The new report found that 46 percent of employees prefer to talk about health with a colleague over a loved one. Many do so with good intentions with more than a third finding it easier to talk to a colleague as they are less likely to worry.

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Asia increasingly challenging economic hegemony of western cities

Asia increasingly challenging economic hegemony of western cities

Oxford Economics has published its annual Global Cities research report projecting the shifting landscape of the world’s leading cities from 2019 to 2035. It examine which major cities will be the urban superpowers of the future and which are poised for the most rapid expansions of their economies, populations and business heft. Its main finding is that Asia’s cities, especially those in India such as Surat (pictured) and Agra are making huge strides, although New York, Tokyo, Los Angeles and London stay as the metropolitan superpowers. New York maintains pole position while Tokyo falls below Los Angeles and London in the ranking.  More →

Government report calls time on late payments, addresses productivity puzzle

Government report calls time on late payments, addresses productivity puzzle

The culture of late payment by large firms has led to the failure of many small businesses in the UK and prevented even more from thriving and improving their productivity, according to a parliamentary select committee report published today. The Business, Energy and Industrial Strategy (BEIS) committee has called on the government to enforce tougher measures on large firms who treat small businesses “disgracefully” by enforcing long payment terms or paying their suppliers late. The Small businesses and productivity report said that, for an SME to succeed, it is crucial they are paid fairly and on time.

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Business leaders are failing to drive disruptive technological change

Business leaders are failing to drive disruptive technological change

One in three (34 percent) employees believe a robot would be better at decision making than their boss if it had access to the right business intelligence. This is according to the Advanced Trends Report 2018/19, which also reveals that there is no clear leader driving technology change across UK businesses. Just 35 percent of C-Suite/Managing Directors are said to be driving technology change, while 51 percent believe responsibility falls to IT, followed by finance (19 percent) and marketing (13 percent). It perhaps comes as no surprise, then, that 59 percent of employees think less than half of people in their organisation are ready to adopt new technology to change the way they work.

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OECD, UN Environment and World Bank call for a radical shift in infrastructure thinking

OECD, UN Environment and World Bank call for a radical shift in infrastructure thinking

The OECD, UN Environment and World Bank Group have this week called on leaders of G20 countries to do more to enable a radical shift of investment into low-carbon, climate-resilient infrastructure as a way to limit the impact of climate change. Delivering a new report, Financing Climate Futures: Rethinking Infrastructure, to the G20 at its Summit in Buenos Aires, the three International Organisations said governments need to adopt a more transformative agenda on low-carbon, climate-resilient investments if they are to meet the Paris Agreement goal of cutting CO2emissions to net zero in the second half of the century and build resilience to climate change.

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Line up of speakers announced for Workplace Trends: Research Spring Summit

Line up of speakers announced for Workplace Trends: Research Spring Summit

The research-driven Workplace Trends Spring Summit returns for 2019. We have two sessions with invited guest speakers, our keynote and the after lunch debate. Following a recent Call for Abstracts and a blind peer review by our two moderators for the day, Nigel Oseland (Workplace Unlimited) and Mark Eltringham (Workplace Insight), the remaining sessions have now been filled with the highest ranked submissions.

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The meaning of life, the Black Mirror of Beijing, standing desks not a silver bullet and some other stuff

The meaning of life, the Black Mirror of Beijing, standing desks not a silver bullet and some other stuff

So, what is the meaning of life? According to a study by Pew, the gold standard US based researchers, it’s spending time with family and friends, reading, listening to music and going for a walk in the open air. Work comes somewhere down the list. Just one-third of the survey’s respondents mentioned their career or job as a source of meaning, and only a quarter cite finances or money. This, it turns out, is not too far off Monty Python’s conclusion in their eponymous film:  Try and be nice to people, avoid eating fat, read a good book every now and then, get some walking in, and try and live together in peace and harmony with people of all creeds and nations. That’s that sorted then.

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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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