Search Results for: financial

March 23, 2023

UK productivity continues to drag despite variations across sectors

The UK has seen a significant dip in productivity growth since the Global Financial Crisis of 2007-8, according to a new report from PwC UK. However, this new analysis also highlights sectoral differences in productivity growth, with some sectors performing better than others in recent years. The slowdown in manufacturing productivity is also shown to have played a significant role in the fall in economy-wide productivity, but there is positive sentiment amongst manufacturers, with almost 1 in 5 expecting to see gains of 10-25 percent in the coming year. According to PwC UK’s new UK Productivity Tracker, a lack of sustained investment expenditure may be behind the UK’s weak performance. More →

March 15, 2023

The UK workplace sector reacts to the Spring Budget 2023

by Jayne Smith • Environment, News, Property, Workplace

Today the UK’s Chancellor of the Exchequer, Jeremy Hunt presented his Spring Budget to the House of Commons. In it he announced what her referred to as his ‘four pillars’ of industrial and productivity strategy, namely: ‘Enterprise’, ‘Employment’, ‘Education’, and ‘Everywhere’. Perhaps the headline element of this announcement was the creation of twelve new investment zones across the UK as well as incentives for older workers to return to the country’s patchy workforce. This includes£63m for programmes to encourage retirees over 50 back to work, “returnerships” and ‘skills boot camps’. Another headline for the workplace sector was the offer of improved childcare arrangements, especially for the parents of very young children, who will see 30 hours of free childcare expanded to include one and two-year-olds. More →

March 10, 2023

Employers over-estimate the wellbeing benefits of hybrid working

by Neil Franklin • Flexible working, News, Wellbeing

Employers and employees have a differing opinion about the health and wellbeing impact of hybrid working, according to a new poll from GRiD. Two thirds of employers (64 percent) believe that hybrid working has had a positive impact on their employees’ health and wellbeing, but only 53 percent of employees agree. Where they do concur is on the number of people for whom hybrid working can have a negative impact, with 6 percent of employers, and 7 percent of employees, acknowledging that it is not a positive experience for everyone. More →

March 8, 2023

Planon acquires Real Estate software company control.IT

by Freddie Steele • Company news

Planon has announced its acquisition of control.IT Unternehmensberatung GmbH, a software company specialising in real estate (RE) asset and portfolio management in the DACH region with its SaaS products bison.box and CollaborationApp. The acquisition also includes control.IT subsidiaries easol GmbH and Synapplix GmbH. Based in Bremen, control.IT has supported the German real estate sector for more than 27 years, servicing users across the world. Its products and technological expertise are complementary to those of Planon and its subsidiaries Reasult and COOR. control.IT’s bison.box software suite supports more than 100 companies with more than 5,000 users managing approx. EUR 600 billion of assets worldwide. More →

March 2, 2023

One in four people will work from abroad this year, and many won’t tell their employer

by Jayne Smith • Flexible working, News

One in four (23 percent) UK office workers plan to take advantage of remote working to log on from abroad in 2023, with a third (32 percent) doing so against company rules, according to new research by the risk management and insurance broker, Gallagher. The survey of more than 2,000 UK office workers claims that the dramatic increase in hybrid working post pandemic now extends to a “work from anywhere” culture. But employees choosing to locate themselves overseas brings risk implications for their employer, as well as themselves. More →

March 1, 2023

Firms get that people want flexible working, but are still slow to act

by Jayne Smith • Flexible working, News

Workers are increasingly demanding autonomy and flexible working options, but employers remain slow to respond, with only a small percentage increasing the number of flexible or remote roles, according to a new poll. Based on a survey of 4,500 people including 500 small and medium-sized business owners, Sonovate’s report, ‘The Future World of Work’ [registration] claims that although 70 percent of businesses acknowledge that the most skilled people will only work under conditions that favour them, they had done little to enable employees to work more flexibly and reduce outgoings. More →

February 14, 2023

UK businesses are out of touch with the real sources of employee stress

by Nick Gold • Comment, Wellbeing

The cost-of-living crisis is driving a wedge between employers and their staff. In a recent research report, we surveyed 500 employers to discover what they believe causes their staff the most stress. Surprisingly, an overwhelming 96 percent did not believe that employee salaries are a major stress factor for staff during the cost-of-living crisis. Instead, they felt major contributors included heavy workloads, long hours, and tight deadlines. More →

February 9, 2023

Firms struggle to get a grip on people data despite workplace challenges

by Jayne Smith • News, Technology, Workplace

A new CIPD survey of business leaders claims there is a significant mismatch between the scale of the challenge that workplace issues currently pose to businesses and how often workforce issues and people data are discussed by senior leaders. In response, the CIPD is warning that organisations are unlikely to perform well in the long term unless decisions taken at a board and executive management level are informed by an in-depth and evidence-based understanding of the value and risk their workforce poses. More →

January 26, 2023

The business case for the retrofit of existing buildings keeps getting stronger

by Paul Johnstone • Environment, Facilities management, Features, Property

The news last year that the M&S flagship Orchard House store on Oxford Street in London was to be demolished to make way for a new mixed-use development of shops, offices, restaurants and a gym sparked a very British sort of debate about the pros and cons of retrofit and refurbishment. This is M&S after all. It may not be the cultural touchstone it once was but it remains an institution. But the debate was also about some things you might expect right now, including the ongoing deterioration of Oxford Street, the loss of a landmark building (and an art deco one at that) and the suitability of the ten-storey, mixed-use development that was to replace it. More →

January 25, 2023

Cost of living driving employees to seek new jobs or more help from employers

by Neil Franklin • News, Wellbeing, Workplace

A large majority (84 percent) of employees are experiencing stress and anxiety due to the cost-of-living crisis, yet two-thirds of employers aren’t offering any financial or emotional support. This is the key claim in a new report from Workhuman which suggests that employees across the UK are struggling with the ongoing cost-of-living crisis, with 62.5 percent considering leaving their current job if their employer doesn’t recognise their financial struggles or does nothing to support them. The survey of 1,000 full-time employees across the UK also claims that 77 percent of employees said their employer could be doing more to support them financially and emotionally through the current crisis. More →

January 13, 2023

How the 21st Century office was born in post war Europe

by Mark Eltringham • Features, Workplace design

There was a curious addition to a 2016 report on the Top 10 Technologies Driving the Digital Workplace from tech researchers Gartner. It wasn’t a technology at all but rather a slightly obscure office design concept that originated in Hamburg in the late 1950s, but which tells us a lot about how we work in the 21st Century office, according to Gartner. Its history lies with the German consulting firm Quickborner. Led by the brothers Eberhard and Wolfgang Schnelle, the firm applied the egalitarian principles of the post war world and rejection of the scientific management theories that had created the familiar factory-like rows of desks that had come to dominate open plan offices to create something more in tune with the new age.

January 12, 2023

Rising costs will oblige more companies to offer flexible working

by Neil Franklin • Flexible working, News

Two thirds of UK businesses believe offering flexible working to their employees is crucial if they are to successfully retain and attract talent, according to a new report. Businesses don’t believe they cannot compete on salary alone and are instead offering flexibility to stay competitive. Over half (52 percent) of businesses have increased salaries to attract talented workers, but say wages rises can’t continue at the rate they have been going. The second Future World of Work report from Sonovate is based on quantitative research from 4,000 people and 500 small and medium-sized business owners, as well as qualitative interviews with commentators from the future of work, employment and fintech sectors. More →