Search Results for: financial

December 6, 2018

Asia increasingly challenging economic hegemony of western cities

Oxford Economics has published its annual Global Cities research report projecting the shifting landscape of the world’s leading cities from 2019 to 2035. It examine which major cities will be the urban superpowers of the future and which are poised for the most rapid expansions of their economies, populations and business heft. Its main finding is that Asia’s cities, especially those in India such as Surat (pictured) and Agra are making huge strides, although New York, Tokyo, Los Angeles and London stay as the metropolitan superpowers. New York maintains pole position while Tokyo falls below Los Angeles and London in the ranking. (more…)

December 5, 2018

Government report calls time on late payments, addresses productivity puzzle

by Mark Eltringham • Facilities management, News, Property

The culture of late payment by large firms has led to the failure of many small businesses in the UK and prevented even more from thriving and improving their productivity, according to a parliamentary select committee report published today. The Business, Energy and Industrial Strategy (BEIS) committee has called on the government to enforce tougher measures on large firms who treat small businesses “disgracefully” by enforcing long payment terms or paying their suppliers late. The Small businesses and productivity report said that, for an SME to succeed, it is crucial they are paid fairly and on time.

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December 5, 2018

The war for talent is over and we need to face up to new opportunities and challenges

by David Corcoran • Comment, Workplace

The ‘War for Talent’ is a concept which has dominated the industry for the last twenty years and has shaped how many organisations view talent acquisition around the world. But perhaps this war is already over. As initially reported by McKinsey & Company in 1998, the war for talent explored the challenges businesses face when attracting, retaining and developing talent. While talent acquisition is a fundamental foundation for any business looking to grow, after twenty years, recent studies have reported a seismic shift from this ‘War for Talent’ to a ‘War for Skills.’

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December 5, 2018

Firms and employees need to do more to address climate change

by Mark Eltringham • Environment, News

A new report claims to have found a lack of commitment amongst UK businesses to address their impact on the environment and contribution to climate change, with only 10 percent having set a carbon reduction target, while just under half of companies (49 percent) use even the most basic sustainability measures, such as recycling bins for office waste.

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November 30, 2018

Economy could achieve significant economic boost by addressing skills gaps in younger people

by Neil Franklin • News, Workplace

The UK could boost GDP by around £40 billion a year in the long run if it reduces the number of young people not in education, employment or training (NEET) to match Germany, the best performing EU country. Despite making improvements in recent years, the UK only ranks 19th out of 35 countries across the OECD on a PwC index based on a range of indicators of youth employment, education and training. But this is slightly better than the UK’s ranking of 21st across the OECD on a similar PwC index for older workers released earlier this year. Across England NEET rates vary significantly, reflecting the disparity in educational attainment and job opportunities across the country. In 2017, the West Midlands had the highest NEET rate for 19-24 year olds at 16.7 percent, followed by the North East by 16.3 percent. Meanwhile the South East and South West have the lowest rates, both at 11.5 percent (see table below). (more…)

November 29, 2018

OECD, UN Environment and World Bank call for a radical shift in infrastructure thinking

by Mark Eltringham • Cities, Environment, News

The OECD, UN Environment and World Bank Group have this week called on leaders of G20 countries to do more to enable a radical shift of investment into low-carbon, climate-resilient infrastructure as a way to limit the impact of climate change. Delivering a new report, Financing Climate Futures: Rethinking Infrastructure, to the G20 at its Summit in Buenos Aires, the three International Organisations said governments need to adopt a more transformative agenda on low-carbon, climate-resilient investments if they are to meet the Paris Agreement goal of cutting CO₂emissions to net zero in the second half of the century and build resilience to climate change.

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November 28, 2018

Line up of speakers announced for Workplace Trends: Research Spring Summit

by Maggie Procopi • Events, Facilities management, News, Technology, Workplace design

The research-driven Workplace Trends Spring Summit returns for 2019. We have two sessions with invited guest speakers, our keynote and the after lunch debate. Following a recent Call for Abstracts and a blind peer review by our two moderators for the day, Nigel Oseland (Workplace Unlimited) and Mark Eltringham (Workplace Insight), the remaining sessions have now been filled with the highest ranked submissions.

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November 28, 2018

Employers to prioritise career development, wellbeing and flexibility

by Sara Bean • Flexible working, News, Wellbeing, Workplace

The majority of employers (97 percent) are planning to maintain or increase how much they spend on employee benefits over the next two years, according to new research published today by the CIPD and LCP. In the latest ‘Reward management’ report, released today, 8 in 10 employers (81 percent) said they intend to spend the same amount on employee benefits over the next two years as they currently do, while 16 percent plan to increase their investment to address staff wellbeing and career development.

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November 27, 2018

Three out of four UK SMEs failing to embrace digital workplace

by Sara Bean • AI, Facilities management, News, Technology

IT analyst Gartner has forecasted that by 2022 cloud will make up almost a third of IT spending, but only a quarter of SMEs are properly prepared for it, claims a new study. The Missed Middle study, commissioned by Crown Workspace, found that three quarters of UK SMEs are failing to embrace workplace technologies such as cloud, mobile working and digital devices. This could impact their business agility, security and financial efficiency. Cost is the most common barrier preventing SMEs from creating the optimum workspace that features modern technology. For instance voice technology has seen huge adoption over the past few years, however less than one in five respondents are ready for it in the workplace. (more…)

November 21, 2018

Organisations with supportive approach most likely to attract talent

by Sara Bean • News, Wellbeing, Workplace

Employers must raise their offering to meet the demands of millennials, as they reach a pivotal time in their careers and demand their employers stand for a purpose. This is according to the 2018 Organisational Wellbeing & Talent Insights Report from Gallagher which finds that to have any impact with this audience, organisations must demonstrate a strong employer value proposition. This is essentially, ‘how you want to be seen’; a set of values lived by workers, driven from the top down. The best organisations match these goals by becoming ‘destination employers’ that are able to win over talent with a more supportive approach. (more…)

November 19, 2018

A cheap day return to Farringdon, please

by Neil Usher • Comment, Facilities management

Timing is everything. Re-launching a professional body while the country’s politics unceremoniously implode could not have been foreseen, but the vacuous space was full of the registered and invited, many with a trail of string going back a few decades or more. What a lovely gathering of old friends it was. On Monday 12th The BIFM formally changed its name to the Institute of Workplace and Facilities Management. This event was to reveal the new creative collateral and celebrate the optimism/excitement/apprehension (delete as applicable).

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November 15, 2018

Two new studies set out business case for contemporary office design

by Mark Eltringham • News, Workplace design

A brace of new reports sets out to identify the challenges organisations set themselves by inhabiting dated offices and how modern office design principles could address them. According to the Meeting Expectations report, released by K2 Space, workplace productivity is being impeded as a direct result of dated office design. The second study from Saracen Interiors focuses more on the role of office design as a recruitment tool. The reports follow the recent publication of a major report on similar themes from Worktech Academy and Fourfront Group.