May 29, 2019

Tech workers making plans to leave UK

Although London still ranks as the most attractive city in the world for people working in the global tech industry, three out of four UK tech workers (75 percent) are willing to leave for the UK for better opportunities elsewhere. Digital experts are among the most in-demand workers but due to their talent and transferable nature of tech skills, they are also among those most prepared to relocate, compared to only 61 percent of non-tech workers who would be willing to make the move overseas. (more…)

May 21, 2019

London office building at post Brexit high

by Mark Eltringham • News, Property

New office building in central London is at a three-year high, with 13.2 million square feet of space under construction, up 12 percent on the figure six months ago, according to the Deloitte Real Estate’s London Office Crane Survey. Some 55 percent of the office space under construction was already let and for larger schemes of over 100,000 square feet, more than three quarters was already committed to, Deloitte said. The survey covers seven major central London office markets – The City, West End, Docklands, King’s Cross, Midtown, Paddington, Southbank – as well as three emerging submarkets – Vauxhall-Nine Elms-Battersea, White City and Stratford. (more…)

May 21, 2019

CRE investment highest in cities with strong tech culture

by Marie Hillen • Cities, News, Property, Technology

Cities with tech innovation-oriented cultures have a strong competitive advantage amongst those investing in commercial real estate, claims a new report from JLL (registration). Of 109 cities analysed, the nine leading global markets – Boston, London, New York, Paris, San Francisco, Seattle, San Jose, Sydney and Tokyo, accounted for around 37 percent of total annual real estate investment volumes over the past decade. Like real estate investors, corporate occupiers also search for locations that have advanced innovation ecosystems, the report suggests. These cities sustain highly skilled workforces and are best placed to succeed in the future.

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May 17, 2019

Flexible working for parents greatest challenge for SMEs

by Mark Eltringham • Flexible working, News

Paid leave for new parents is a financial and operational challenge for 90 percent of UK SMEs, according to the findings of new research into the challenges faced by working women and their employers. The first ever Women in Business survey also claims that offering flexible working and covering the cost and resource of maternity and paternity leave is an even bigger concern for SMEs, with 96 percent of board level executives saying it’s a significant challenge for their business. (more…)

May 16, 2019

Age discrimination in the workplace remains an issue

by George Eltringham • News, Workplace

More than a third (37 percent) of employees aged 45 and over believe that age discrimination is an issue where they work, according to a new analysis from Aviva. Those aged 55 to 59 feel this most strongly (41 percent). One in five (19 percent) feel younger colleagues are favoured over older generations, while 19 percent believe their age has become a barrier to career progression and development. However, over half (53 percent) of employees aged 60 and over are not ready to retire, increasing to 61 percent for people still working past the age of 65. (more…)

May 15, 2019

Workers will put in extra hours for growing firms

by Neil Franklin • News, Workplace

The majority of British workers would put in an extra ten hours a week for growing firms, according to a new survey report from Kimble Applications According to the firm’s Business Growth Report, which surveyed 1,000 full-time employees in the UK, 56 per cent of British workers would commit to an extra ten hours of work per week if it meant working for a growing company. Moreover, nearly two-thirds (62 per cent) of employees say that the growth and success of their employer directly contributes to their personal happiness. Eighty per cent believe that working for a growing company will help them grow more professionally.

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May 15, 2019

Increase in number of FTSE 100 CEOs from tech backgrounds

by Marie Hillen • Legal news, News, Technology, Workplace

Digital disruption has led to a rise in the number of FTSE 100 CEOs with a background in technology, but age, education and gender diversity remain stagnant, claim the results of the annual Robert Half FTSE 100 CEO Tracker. It shows that the proportion of FTSE 100 CEOs with a background in technology has increased by 27 percent in the last year, with 14 percent of CEOs now having a background in the sector. (more…)

May 13, 2019

Belfast office market outpacing others in UK and Europe

by Mark Eltringham • News, Property

The Belfast office market is one of the UK’s best performing when it comes to returns for investors, significantly outstripping cities such as Manchester, Liverpool, Glasgow, Cardiff and London, a new property report claims. The Northern Ireland Commercial Property Investment Review (registration), produced by Ulster University and global financial company MSCI in collaboration with RICS commercial property firms, benchmarked the Northern Ireland and Belfast market against their UK and European peers. (more…)

May 3, 2019

Take up of office space in central London strongest for six years

by Marie Hillen • Cities, Facilities management, News, Property

The first quarter of 2019 saw take-up of office space in central London at its strongest for six years, as it continues to outperform expectations. This is according to Savills, which also reports 1.16 million sq ft of new lettings being agreed in the City of London. In the West End, 42 transactions completed in March alone took total activity for Q1 2019 to 98 office lettings. In the City, there were 100 occupational deals for the year to date, of which 33 completed in March. The tech & media sector accounted for the largest share of take-up in the West End, at 25 percent, while the City benefited from a surge of serviced offices.

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April 29, 2019

Governments must do more to prepare people for the future of work

by Neil Franklin • News, Technology

Governments need to overhaul their approach to employment and jobs to reduce further social and economic tensions, according to a new report from the OECD which explores the future of work. Without rapid action, many people, particularly the low skilled, will be left behind in the fast-changing world of work. The OECD Employment Outlook 2019 is part of the OECD’s Future of Work initiative and the “I am the Future of Work” campaign, which aims to make the future of work better for all, helping to transform learning and social protection systems and reduce inequalities between people and across regions.

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April 26, 2019

Great expectations at work causing stress and rise in mental ill health

by Marie Hillen • Flexible working, News, Wellbeing, Workplace

Employees feel expectations at work are playing an integral role in diminishing their mental health a new report suggests, which includes increasing pressures to work outside of office hours, through annual leave and even on sick days. Westfield Health’s inaugural Wellbeing Index, which claims to shine a spotlight on stress, found 61 percent of HR professionals identified mental health related issues as the main reasons for absences within their workforces, with over half (51 percent) noticing an overall increase in sick days. ‘Leavism’ – working outside of contracted hours and on annual leave days – is also prevalent throughout the British workforce, with 67 percent in HR saying it’s a very real issue for them.

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April 24, 2019

Flexible working seen as top workplace benefit by workers

by Neil Franklin • News, Workplace

A survey of 1,000 UK workers by corporate gift suppliers Adler claims to identify the top benefits workers want to see offered as standard by their employer. Flexible working topped the list with half of respondents (48 percent) saying it should be offered as standard by UK companies.