Search Results for: financial

Two thirds of businesses set to increase borderless working over next 12 months

Two thirds of businesses set to increase borderless working over next 12 months

by • Flexible working, News

borderless workingA new poll from Perkbox suggests that a growing number of businesses are going to look to borderless working to resolve hiring challenges. According to the survey, almost two-thirds of businesses (62 percent) plan to increase the number of remote staff they hire outside of their main country of operations over the next 12 months. This drive is fuelled by technological advances over the past two years facilitating greater hybrid and remote working. There are a range of motivations, but the survey of 500 UK business leaders identified the top three as building a more diverse workforce to access a wider talent pool (35 percent), encouraging innovation (32 percent), and building a global workforce (29 percent) to service a wider customer base. (more…)

Circularity is now essential in the delivery of net zero buildings

Circularity is now essential in the delivery of net zero buildings

by • Environment, News

net zero buildingThe UK Green Building Council (UKGBC) has published new insight into the positive impact circular thinking can have in delivering whole life carbon reductions and value creation across construction projects. The study, ‘How Circular Economy Principles can impact carbon and value‘ seeks to increase understanding within the built environment sector of how circularity can support reductions in whole life carbon in achieving net zero. It also seeks to enable project decision-makers and key built environment stakeholders to strengthen the business case for implementing circularity. (more…)

Benefits of zero-hours contracts outweigh downsides for most people

Benefits of zero-hours contracts outweigh downsides for most people

by • News, Workplace

zero hours contractsNew research from the CIPD suggests there needs to be a more balanced and nuanced debate about their place in the labour market, that recognises both the positives and downsides to zero-hours work. The CIPD’s new research ‘Zero-hours contracts – Evolution and current status’– claims that this kind of arrangement – where there’s no guaranteed minimum number of hours that must be worked – is an established part of the UK labour market. It finds that the number of people on ZHCs has changed little since 2015, making up just 3 percent of employment. Fewer than a fifth of employers (18 percent) use ZHCs, and they’re most often used in the hospitality and entertainment industries, in the voluntary sector, and typically in roles such as bar staff, waiters/waitresses, and care workers. (more…)

Commercial real estate enters downturn in UK, claims RICS

Commercial real estate enters downturn in UK, claims RICS

by • News, Property

commercial real estateThe UK’s commercial real estate market is entering or might already be in a downturn, according to an industry survey from the Royal Institute of Chartered Surveyors. As higher interest rates push up investors’ financing costs and economic sentiment takes a dive, 43 percent of respondents to its quarterly commercial property survey thought the sector was in the early stages of a downturn, and a further 10 percent thought it was in the middle of one. By contrast, three months ago 53 percent said the sector was in the early or middle stages of an upturn, a proportion that has now slumped to 22 percent. (more…)

Quarter of European firms now use HR analytics tools

Quarter of European firms now use HR analytics tools

by • News, Technology, Workplace

HR analyticsJust over a quarter of European companies are using HR analytics tools for performance management, according to new research from Durham University Business School. The researchers also claim that firms that monitor and manage the performance of their employees using HR analytics are also the ones that use financial incentives to staff intensively. Hence, there appears to be a positive relationship on the role financial incentives have on performance of employees and the use of HR analytics. Whilst also, the researchers discovered that the larger the organisation, the more likely they were to invest in HR analytics for monitoring, although this effect appeared to taper off for the largest firms. (more…)

Flex office provider Mindspace opens its first Düsseldorf location

Flex office provider Mindspace opens its first Düsseldorf location

by • Company news

flex office Mindspace DuesseldorfMindspace is opening its first location in Düsseldorf: the flex office provider is moving into 4,100 square meters in the centrally located mixed-use commercial complex “Stilwerk” on a long-term basis. The location “Mindspace Grünstraße” will include 600 workstations overlooking an attractive atrium and will include the numerous Mindspace benefits and amenities such as meeting rooms, lounges and kitchens. Mindspace Grünstraße is scheduled to open in February 2023. (more…)

Enduring problems holding back success of UK government property strategy

Enduring problems holding back success of UK government property strategy

by • News, Property, Public Sector

government propertyLongstanding problems such as poor data pose major risks to the successful delivery of the UK Government’s property strategy, according to the National Audit Office (NAO). Central government property, valued at £158 billion, is one of government’s largest assets. It includes offices, hospitals, academy schools, jobcentres, courts, prisons and museums. The Office of Government Property (OGP) sets the strategic direction for the management of government property. The Cabinet Office has categorised properties into 12 portfolios (such as health, defence and school portfolios), 10 of which are led by a single department or arm’s-length body. The Government Property Agency (GPA) sets and implements a property strategy for the government’s office and warehouse portfolios. (more…)

ESG reporting is mainly a box ticking exercise, say half of employees

ESG reporting is mainly a box ticking exercise, say half of employees

by • Environment, News, Wellbeing

ESGHalf of employees see ESG reporting as a box-ticking exercise according to a new poll from EcoOnline. The firm’s ESG (Environmental, Social, and Governance) survey was conducted in June 2022 and included 124 businesses and their employees. The study found a significant minority of businesses polled are not actively reporting on ESG measures and performance, with 42 percent of survey participants disclosing that their organisation currently has no reporting system in place. (more…)

Confetti launches new collection of team building experiences as demand for DE&I in business increases

Confetti launches new collection of team building experiences as demand for DE&I in business increases

by • Company news

With McKinsey & Company reporting that businesses with more diverse teams —whether that’s racially, socio economically or educationally— are 35 percent more profitable than organisations that are not, tech start-up Confetti, a website for booking virtual corporate development and team building events, has launched a new Diversity, Equality and Inclusion (DE&I) collection of 27 distinctive team building experiences, aiming to release five new experiences every month. (more…)

Four day week should be about people, not productivity

Four day week should be about people, not productivity

by • Comment, Flexible working, Wellbeing

four day weekYou may well have seen the announcement that more than 3,300 workers at 70 UK companies, ranging from a chippy and a distillery to leading financial institutions, have started working a four day week, with no loss of pay, in what is described as ‘the world’s biggest trial of the new working pattern’. The pilot – which will run for six months – is being organised by 4 Day Week Global in partnership with the think tank, Autonomy, and researchers at Cambridge University, Oxford University and Boston College. (more…)

Supply chain disruption sees costs and complexity ramp up

Supply chain disruption sees costs and complexity ramp up

by • News, Works Magazine

supply chain disruptionTwo-thirds (66 percent) of large enterprises globally say they are keeping more stock on hand now compared to the pre-pandemic period, with nearly one in five in total (18 percent) retaining ‘significantly more’ stock. This growing focus on taking innovative measures to address supply chain disruption is highlighted in new research commissioned by IFS, polling over 1,450 senior decision-makers at large enterprises across France, Germany, Nordics, USA, the UK and the UAE. (more…)

The fifteen minute city will transform the way we think about workplaces

The fifteen minute city will transform the way we think about workplaces

by • Cities, Features, Flexible working, Property

Paris fifteen minute cityFor most of history, there have been a small number of immovable truisms that formed the nature of what work is, and how communities form around it. While individuals have long held some agency around the structure and pattern of their work, being present in a communal workplace has been a non-negotiable reality. This need to work from an office comes wed with parallel requirements to help facilitate it. Employees have been willing to strike a compromise between where they wish to live and where they want to work through commutes, with the financial and time cost and associated stress that comes along with it. (more…)

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