Search Results for: finance

August 1, 2016

Smart cities will play essential role in meeting future energy demand ⁰

by Mark Eltringham • Cities, Environment, News, Property, Technology

The changing energy demands of British cities are revealed in a new report published by Smart Energy GB and the Centre for Economics and Business Research. The report’s central claim is that urbanisation, economic growth and new technology will drive cities to meet their energy demands with the greater use of sustainable and renewable sources. The authors claim that this is the first time that predictions about increases in energy demand in the UK have been analysed and published on a city level. The Powering Future Cities report suggests that this growing demand will primarily be driven by urban population growth, economic growth and a predicted surge in use of new technology, including electric vehicles. The report coincides with an announcement that the World Green Building Council has created a new partnership with the World Resources Institute-led Building Efficiency Accelerator (BEA) to fast-track improvements to energy efficiency within buildings.

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July 25, 2016

Many UK workers don’t think current employee benefits meet their needs ⁰

by Mark Eltringham • Flexible working, News, Wellbeing

A new study published to coincide with Smarter Working Day (today, apparently) claims that almost half of UK workers (48 percent) don’t think their current employee benefits package is tailored to their needs. The study of 1,000 UK workers published by payroll lending provider SalaryFinance claims that 38 percent of UK workers currently have access to flexible working although only 26 percent say they prefer the chance of flexible working to financial and psychological wellbeing benefits. Fewer than one in five (19 percent) currently have access to benefits designed to support mental wellbeing, such as counselling services, and only one in four (26 percent) receive financial wellbeing support from their employer. In contrast, one in three (32 percent) receive ad hoc incentives such as free lunches, birthday cakes and duvet days. With 58 percent of people saying that their employer has never asked for feedback on their benefits programme, employers could be falling out of touch with the needs of staff, claims the research.

July 25, 2016

Businesses worldwide ready to welcome robots into workplace ⁰

by Mark Eltringham • Property, Technology, Workplace

Businesses are ready to embrace the new era of robot workers, automation and artificial intelligence, according to a new report. The Robotic Workforce Research study by AI specialists Genfour claims that more than half of respondents globally are ready to embrace the arrival of robots in the workplace. Almost half of respondents believe that between 10 and 30 percent could be subject to automation. Across all businesses in the UK and US, 94 percent responded that they would either embrace robots or felt a robotic future would be inevitable. Almost half (46 per cent) of UK businesses say they are set to welcome robots at work. A similar proportion (47 per cent) believe it is inevitable, and a third (32 per cent) believe they’ll be able to automate as much as 20 per cent of their business as soon as the technology becomes available. Just seven per cent are worried robots would steal jobs and 16 per cent currently have not planned automation.

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July 11, 2016

Many firms lag behind their customers in use of latest tech innovations ⁰

by Mark Eltringham • News, Technology

Just one in three IT decision makers believe advances such as cloud-based solutions, big data and wearable tech will be available in their industry within the next 12 months, according to a new study from Capita. Although the report – Trends vs Technologies – has yet to be published, the firm has released some of its findings. Based on a survey of IT professionals in the insurance, finance, legal services and manufacturing sectors, the study analyses nine key organisational trends and the implementation of related technology. The report claims that while many decision makers describe a tech trend as being relevant to their industry, several barriers to implementation mean solutions are not yet ready and in many cases might be lagging behind consumer take-up of the new technology. The trends named in the report are Big Data, Digital Workplace, Artificial Intelligence, Internet of Things, Wearable Tech, Robotics, Cloud Based Solutions, 3D Printers and Virtual Reality.

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July 8, 2016

Overwhelming majority of employees putting in unpaid extra hours ⁰

by Neil Franklin • News, Wellbeing, Workplace

The overwhelming majority of UK employees (81 percent) are working beyond their contracted hours, claims a report from recruitment firm Morgan McKinley. Overall, 81 percent of people put in the extra hours with senior staff most likely to work more than 10 hours over their contracted hours (42 percent) each week compared to 21 percent of those who had just started working. The Morgan McKinley Working Hours survey of 2,600 professionals in sectors such as banking and finance, claims that 75 percent of employees felt obliged to work beyond their contracted hours, yet just 13 percent of respondents to the survey say they are paid for working extra hours. The study claims that only 32 percent of professionals believe that they are productive during the extra hours that they work. A third (34 percent) don’t take a lunch break of any kind, with Millennials (21 percent) being the largest group to have a working day without their lunch break.

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July 5, 2016

Employers need more help in navigating the Apprenticeship Levy ⁰

by David Allison • Comment, Workplace

According to the latest governmental statistics, apprenticeships reached a record high in 2014/15 with over 871,000 apprenticeship participants within the UK. The majority of these were in the service sector, and almost three quarters were concentrated in three sectors: Business, Administration and Law; Retail and Commerce Enterprise and Public Services and Care. Last year the government announced its plans to introduce a new UK-wide levy on large employers in a bid to fund apprenticeships and to create 3 million more apprentices by 2020. Due for implementation in April 2017, this levy promises to have a significant impact on the existing apprenticeship landscape. As the implementation of the apprenticeship levy draws nearer, it is rising to the top of companies’ HR and Finance agendas, as businesses attempt to work out how to reap a return on investment, with the Confederation of British Industry (CBI) calling for the Government to put off its introduction.

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June 29, 2016

Higher productivity levels reported by staff with flexible hours ⁰

by Sara Bean • Flexible working, News, Workplace

Measuring productivity is hardly an exact science, but there are ways that individuals can analyse their working habits and come up with ways of improving their performance. According to research by Conference Genie we all have times where we’re very productive and others where we struggle to get any work done. The data gathered in the study of 2,000 UK employees who work from home or in an office, can be split into age, gender, region and industry sector and shows that over half of UK office/home workers say they sometimes waste time at work, and a further 15 percent say they often waste time at work. It seems that the older generation is most productive. Eighteen to 24 year old’s gave themselves the lowest productivity rating and 55+ the highest. And in a further indication of the benefits of agile working a third of those who gave themselves a productivity rating of 4/5 say that their employer offers them flexible hours.

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June 3, 2016

UK’s productivity crisis is not helped by lack of work-based training ⁰

by Sara Bean • Comment, News, Technology, Workplace

Despite the well-publicised productivity crisis in the UK, over a million of the country’s employees are spending more time on tea breaks than on any form of work-based training. Research from the Association of Accounting Technicians (AAT) has found almost a third (30 percent) of staff have never had any form of work-related finance training. Given this situation, nearly four in ten (38 percent) employees admit they search online to find out how to do their jobs better, in their own time. The survey of 2,000 workers, half who are employees and half of whom are managers working in finance/accountancy-related roles, also found discrepancies between attitudes towards training at work. A fifth of managers admit they think training their staff will only help them develop their own careers, not benefit their current role and a quarter (27 percent) believe training is good in principle, but disruptive in practice.

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June 1, 2016

Financial sector is rationalising real estate to remain in London ⁰

by Sara Bean • Cities, Facilities management, Property

A relentless drive to cut costs is forcing financial services occupiers to focus on reducing real estate costs and adopting strategies to use their space more efficiently in Central London. According to research from CBRE there has been an ongoing move by big banks to relocate non-core functions outside of Central London, as seen in HSBC’s decision to move 1,000 head office staff from London to Birmingham. However despite the inherent challenges, banks continue to cite client needs, recruitment, profile and presence as key reasons to keep office space in the Capital. This is reflected in last year’s leasing figures with banking and finance occupiers leasing 3.2m sq ft, 4.9 percent above the 10-year average. There are a variety of compromises companies may make as part of rationalisation strategies to maintain their position in London. Consolidation is an ongoing trend. But it is not a one size fits all approach.

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May 20, 2016

It isn’t easy to grow big when being small makes you more innovative ⁰

by Matias Rodsevich • Comment, Technology, Workplace, Workplace design

Today one of the key challenges most companies face is being able to scale rapidly while still keeping the innovative edge. Startups have less decision-makers making it easier to take the risks needed to remain as innovative. As these companies grow, they often experience a downturn in innovation as management rises. In fact, many larger corporations are now attempting to harvest the success of startups by creating small internal companies. This begs the question do you have to stay small to be innovative? According to the Economist’s study on organizational agility, the main obstacles to improved responsiveness are slow decision-making, conflicting departmental goals and priorities, risk-averse cultures and silo-based information. This isn’t a problem that faces a select number of companies. A survey by McKinsey&Company found that 94 percent of managers are unhappy with their company’s innovation performance.

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May 6, 2016

Can building design presage the decline of the world’s tech giants?

by Mark Eltringham • Architecture, Comment, Technology, Workplace design

At the movies, buildings are often used to denote hubris. The ambitions and egos of Charles Foster Kane and Scarface are embodied in the pleasure domes and gilded cages they erect to themselves and their achievements. Of course, the day they move in is the day things invariably go badly wrong. In the real world too, monstrous edifices have often presaged a crash. The UK’s most ambitious and much talked about office building at the turn of the Millennium was British Airways’ Waterside, completed in 1998, just a year after Margaret Thatcher famously objected to the firm’s new modern tailfin designs by draping them with a hankie and three years before BA had to drop its ‘World’s Favourite Airline’ strapline because by then it was Lufthansa. Nowadays BA isn’t even the UK’s favourite airline, but Waterside remains a symbol of its era, albeit one that continues to influence the way we perceive building design.

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April 27, 2016

Lack of pay and support prevents ill or injured UK workers taking time off ⁰

by Sara Bean • Legal news, News, Wellbeing, Workplace

More than half of ill or injured property and construction workers still go into work because they can’t afford to take time off, a new survey on 2000 employees within the UK has revealed. The data gathered by First4lawyers on the run up to Brexit on EU employment law and sick pay has revealed how European countries treat their sick or injured workers. The results show that while a UK worker off work for a month would only receive 15 percent of their monthly wage – those in Germany receive 100 percent. This lack of pay forces many UK workers back into the workplace, but nearly three quarters (71 percent) also say they are scared to have time off work because they fear their employers opinion of them; 30 percent say their boss acts different toward them after asking for time off sick, and more than 1 in 3 say their employer does not support them during this time.