Search Results for: financial

Younger workers’ CSR ethics don’t necessarily extend to older generation

by • Comment, Legal news, News, Workplace

Younger workers' CSR ethics don't extend to the older generation

Is ageism one of the last bastions of accepted prejudice in the UK? Take the Daily Mail’s “night of the living dead” coverage of the Stones’ Glastonbury performance – deemed acceptable where jokes regarding gender, race or disability are not. A new survey illustrates this attitude. Nearly half of younger workers in a recent poll think older colleagues are in danger of stifling their career prospects by retiring later, that their prolonged presence could damage productivity and that they have very little to teach the younger generation. Yet over half (55 per cent) of Generation Y workers questioned in the poll say the ethical credentials of a company would influence their choice of employer. Since the scrapping of the Default Retirement Age (DRA) the number of over-65s in the labour force has exceeded one million, and the survey, carried out for KPMG by OnePoll warns that tensions could rise as the need for employees to stay in the labour force for longer growing due to social and financial pressures. (more…)

Govt incentives needed to promote energy efficiency for non-residential buildings

by • Environment, Facilities management, News, Public Sector

Energy efficiency for built environment needs incentives to work Govt warned

The Government should conduct a comprehensive assessment of non-residential low-carbon policies to ensure they work effectively said the Committee on Climate Change (CCC) in its latest annual progress report to Parliament today. Progress in implementing some of the measures required to meet carbon budgets was limited in 2012, it warned, while the simplification of the CRC energy efficiency scheme beyond the CCC’s original recommendations has further eroded the incentives to improve energy efficiency it set out to provide. John Alker, Director of Policy and Communications at the UK Green Building Council, said: “Just one day before the release of official statistics on the Green Deal, the CCC’s report is a timely reminder that the Coalition’s flagship energy efficiency policy needs to be further incentivised to encourage take-up.”

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Land Securities £260m development confirms City office confidence

by • Architecture, Company news, News, Property

Land Securities announcement today of a £260 million development of 1 & 2 New Ludgate, EC4, a speculative mixed-use development in the City of London confirms a growing confidence in the City office market. The 379,000 sq ft scheme occupies an island site near St Paul’s Cathedral and comprises two distinct buildings united by a new public piazza, which together aim to offer 346,000 sq ft of office accommodation set around open and green spaces. Colette O’Shea, Head of Development, London said: “Our decision to commence the speculative development of 1 & 2 New Ludgate reflects our confidence both in the City office market, where we believe supply of new space will be constrained in 2015, and in the quality of the attractive and highly efficient office space we are creating.” (more…)

Employers struggling to recruit the right talent finds survey

by • Knowledge, News, Workplace

Employers struggling to recruit the right talent

Employers are having to work harder than ever to find the right talent to fill vacancies, with the proportion of employers reporting an increase in competition for well-qualified talent increasing threefold from 20 per cent in 2009 to 62 per cent in 2013. The annual CIPD/Hays Resourcing and Talent Planning Survey 2013, which examines resourcing and talent planning strategies across private, public and voluntary sector organisations, reveals that six in ten organisations had experienced difficulties filling vacancies in the past year, and although more than half of organisations report that they make use of social media in resourcing, just two fifths have a dedicated strategy. (more…)

Workplace wellness initiatives improve job morale, satisfaction and performance

by • Knowledge, News, Workplace

It emerged this week that workplace wellness programs may not be as effective as previously thought in creating a healthier workforce and, of particular relevance for US firms, reducing health-care costs, but another US study paints a more positive picture. While concurring that determining the bottom-line impact of wellness programs continues to be a challenge for employers, this latest study does find a strong link between the wellness and vitality of an organisation and the health and wellness of its employees, which impacts directly on employees’ increased job morale, satisfaction, commitment and performance. The survey of approximately 1,300 businesses and 10,000 employees conducted by Virgin HealthMiles, Inc.  found that workers also place a premium on the culture of wellness with 87 per cent claiming that health and wellness initiatives play a role in determining their employer of choice. (more…)

Law firm Shoosmiths moves into new Birmingham office

by • Company news, Workplace design

Law firm Shoosmiths has taken possession of its new Birmingham office. The Shoosmiths’ team completed the move to Two Colmore Square over the May bank holiday weekend.  This involved the movement of all 180 legal advisers and support staff to Two Colmore Square with immediate effect from its former office at 125 Colmore Row. The 40,000 sq ft office is part of Nurton Developments’ successful Grade A office scheme in Birmingham and offers the largest floor plate in the city. The 21 week programme of office design and fit-out work was carried out by Claremont Group Interiors. The work on behalf of Nurton Developments included Cat A works, interior design, Cat B fit-out, furniture and audio-visual technologies.

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Infographic: how work related social media use varies by country, gender and sector

by • Knowledge, Technology, Workplace

A new survey from Microsoft has highlighted a widespread mismatch in the use of social media in a business context across regions and between gender and age groups. It also claims that firms should be more open to social media use and that their unwillingness to adopt them more openly is hampering personal productivity. In the survey conducted in conjunction with Ipsos, nearly half of employees report that social tools at work help increase their productivity, but more than 30 percent of companies underestimate the value of these tools and often restrict their use. An infographic of the survey’s main results can be found here.

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Crown Estate in £320m joint venture to redevelop area around Regent Street

by • Company news, News, Property

St James Market architect's impression-2

The Crown Estate, which manages the Queen’s property portfolio has announced a joint 50/50 – £320 million venture with Canadian real estate company, Oxford Properties. The Crown Estate, which will retain the freehold and take the lead role in the development says the St James’s scheme will provide 210,000 ft2 of prime office and 50,000 ft2 of flagship retail and restaurant space in two blocks located between London’s Regent Street and Haymarket. The project forms part of the Crown Estate’s ten-year investment strategy for St James’s and will transform a run-down back street service yard and taxi ‘rat-run’ with: “a fantastic new amenity for St James’s, revitalising half and acre of public realm and creating a new 10,000 ft2 pedestrian square for world-class business, shopping and dining.” (more…)

Three quarters of London investment banks set to trim corporate real estate

by • Knowledge, News, Property

AxeAccording to a new report from CBRE, nearly three quarters (72 percent) of investment banks based in London are looking to cut their corporate real estate portfolios over the next two years as they adjust to a changing global market for their services as well as structural changes in the UK’s regulatory framework.  As well as trimming London based properties, the report says that banks will continue to relocate functions to the UK regions in an effort to reduce costs.  Since the low point of 2009, rents in the City of London have increased from £42.50 per sq ft to about £55 per sq ft. The survey also found that just over a third (34 percent) of banks expect to see cuts as a result of mergers and acquisitions in the sector.

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Wellness programmes largely a waste of time, claims US report

by • Knowledge, News, Workplace

CranberryMuffinAccording to press agency Reuters, a long-awaited report on workplace wellness programmes, which has yet to be published, delivers a blow to the increasingly popular efforts by employers to address the waistline of employees as well as the bottom line of their businesses. According to a report by researchers at RAND Corp in the US, the now commonplace corporate sanctioned wellness programmes that encourage employees to become healthier and reduce absenteeism and medical costs only have a modest effect. RAND delivered the analysis to the U.S. Department of Labor and the Department of Health and Human Services last Autumn as part of a Government review ahead of new legislation.

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Survey into UK culture of overwork highlights need for better worklife balance

by • Knowledge, News, Workplace

UK culture of overwork highlights need for better worklife balance

A new study is published today which reveals how the UK’s long hour-culture is damaging family life, causing high stress levels, cutting time spent with loved ones and creating an inability to switch off from work. A survey of more than 1,000 working parents throughout the UK, commissioned by health cash plan provider Medicash, found that 83 per cent of working parents feel guilty about the amount of time they spend working, with 50 per cent saying it has a negative impact on relationships with their children, and almost half (45.9%), saying it caused problems in their relationship with their partner and caused them to neglect friends (25%).

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RICS developing BIM accreditation standard to advance uptake

by • Architecture, Facilities management, Knowledge, News, Property, Technology

RICS accreditation standard being developed to advance BIM

Alan Muse, Director of Built Environment Professional Groups (RICS) is calling for a cultural shift to ensure that Building Information Modelling (BIM) is more widely adopted. This follows the results of a survey taken at the RICS National BIM conference which revealed that despite its overwhelming recognition within the built environment nearly half of respondents were still not using the process, with 46 per cent identifying minimal client demand as a major factor preventing their implementation of BIM. Comments Muse: “Quite simply, some clients are not yet recognising the efficiencies that BIM can bring”, which is the reason why RICs is now developing a BIM accreditation standard.

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