Search Results for: financial

June 20, 2018

Asian investment in City of London offices now hitting record levels

Asian money is pouring into office investments in the Square Mile at a pace rarely seen before, according to a new analysis by Savills. About £3.4 billion of Asian capital has been invested in London offices already this year, according to a study from the property consultancy. That is 70 per cent of the total volume and a record high for the first six months of a year. In the past three months alone, Asian buyers have snapped up £3.5 billion of buildings in London’s financial district. This is the highest figure for a second quarter since 2007, when the commercial property market was at its peak just before the credit crunch hit, according to Savills.

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June 19, 2018

Many fathers are unaware of their parental leave rights

by Neil Franklin • News, Workplace

Nearly half (46 percent) of working fathers are unaware they are entitled to take shared parental leave on the arrival of a child, according to new research. The survey, conducted by Aviva, also claims that one in 10 dads (11 percent) took no time off whatsoever when their most recent child arrived. Businesses are therefore being urged to do more to make sure their male staff know their rights, to enable them to spend precious time with their newborn or adopted children. Crucially, the survey of UK parents with dependent children found that 86 percent of fathers would have taken more time off at the arrival of their children, but felt restricted by financial factors and employer constraints.

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June 15, 2018

Noise pollution in offices is worsening and people are leaving jobs as a result

by Sara Bean • Facilities management, Flexible working, News, Wellbeing, Workplace, Workplace design

The majority of executives and employees report near-constant noise in their workplace and many say they lack quiet space for meetings or to focus, a new report from Oxford Economics, commissioned by Plantronics has claimed. According to the report, conditions are much worse now than three years ago when Oxford Economics conducted its first study. The report polled senior executives and non-manager employees in the UK and across the globe to learn more about productivity and collaboration as it relates to the open office. It found that open offices aren’t delivering on collaboration and productivity goals. Instead, employees are finding alternative ways to find quiet space and focus. In fact three quarters of employees say they need to take walks outside and 32 percent listen to headphones to focus and block out distraction, while employees in the noisiest office environments are more likely to say they’ll leave their job in the next six months.

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June 13, 2018

British employees less confident and more stressed over last three years

by Neil Franklin • News, Wellbeing, Workplace

UK employees could be heading for crisis, according to a three-year study by ADP, which has found that three key measures of employee wellbeing – optimism, stress and skills confidence – have taken a hit since 2015. The exact reason for the changes is unclear, however the timings suggest that Brexit may have played a part, along with the rise in new technologies entering the workplace.

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June 11, 2018

Prevalent ageist attitudes harm the health and wellbeing of everybody

by Mark Eltringham • News, Wellbeing

A report published by Royal Society for Public Health in partnership with the Calouste Gulbenkian Foundation has revealed the extent of ageist attitudes across the UK, and how they harm the health and wellbeing of everyone in society as we grow older. RSPH is calling for action to tackle inter-generational isolation, end the stigmatisation of older people, and undo the media clichés that keep ageism alive and well. RSPH evaluated ageist attitudes across 12 main areas of life, finding that the public are most ageist about memory loss, appearance, and participation in activities (both physical and community). The report highlights the extent to which old age is viewed by many as a period of decline and ordeal, and calls on stakeholders in the media, government, voluntary sector, and schools to take action to reframe the way our nation views ageing in a more positive light.

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May 31, 2018

Upcoming tasks and appointments may make us less productive, claims new research

by Neil Franklin • News, Wellbeing

Available time seems shorter when it comes just before an appointment, say scientists who found that an upcoming task may make us less productive. In a series of eight studies, both in the lab and real life, researchers found that free time seems shorter to people when it comes before a task or appointment on their calendar. The study appears online in the Journal of Consumer Research. In an online study of 198 peopl were asked to imagine they had a friend coming over to visit in one hour and “you are all ready for your friend to come by.” The others were told that they had no plans for the evening. All participants were asked how many minutes “objectively” they could spend reading during the next hour and how many minutes they “subjectively” felt like they could spend reading during that same hour.

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May 30, 2018

Australia is leading the world in the adoption of activity based working

by Max Luff • Comment, Flexible working, Workplace design

Over half of those employed in the banking sector in Australia now find themselves in agile and dynamic activity based workplaces. The banks have set the pace. The overall growth of the phenomenon has been exponential in the last 5 years, with sources suggesting two thirds of Australian organisations will have adopted Activity Based Working (ABW) by 2020. Furthermore, by looking at the number of Activity Based Working projects in the pipeline this move away from the 20th century office seems unstoppable. Despite global economic challenges the banking sector in Australia is particularly strong and stable, which contributes to the organisations’ ability to take a long term view. Alongside this robust financial picture we are also seeing a shift in purpose emerge, where the banks move away from a purely financial role to one where they embrace a sense of community and stewardship thus developing a broader contribution to society.

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May 29, 2018

Take up of office space in West End stays strong, but supply continues to decline

by Sara Bean • Cities, Facilities management, News, Property

Demand for commercial office space in central London has remained above the long-term average, with the amount of space under offer increasing, though the level of supply in the West End has continued to decline, according to the latest figures from Savills. Take-up in April reached 275,473 sq ft across 24 transactions, bringing take-up for the first four months of the year to 1.3m sq ft. The volume of transactions to complete over the month was the lowest for April in five years but overall year-to-date take-up still remained up on the long-term average for this period by 13 percent. (more…)

May 23, 2018

Flow of gig workers moving in and out of Britain will increase due to Brexit

by Sara Bean • Flexible working, News, Workplace

UK businesses are already one of the top employers of short contract “gig workers” at an international scale and with Brexit just around the corner, a new survey commissioned by Graebel and carried out by Wakefield Research found that 97 percent of UK Millennials would be interested in relocating to another country for a contract job. After Brexit takes place, nearly three in five (58 percent) British gig workers are more likely to relocate from the U.K. to another EU country for a contract job, and 72 percent of British Millennials answered the same way. Gig workers in each of the top three gig economy markets (UK, US and Singapore), were asked how companies can cater for the needs of this new generation of workers and how to retain their top talent. New York (33 percent), Los Angeles (21 percent) and Paris (21 percent) are the top three picks for UK gig workers looking to relocate. On the other hand, London is still the top choice for US gig workers (33 percent) and second choice for gig workers in Singapore (26 percent).

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May 17, 2018

What exactly is driving the global workplace conversation?

by Andrew Mawson • Comment, Facilities management, Workplace design

There is a growing body of research and understanding on the impact that working environments, workplace habits and culture have on people and broader business performance. The very best workplaces in the world – some of which will be on show at Workplace Week in New York next month – are changing our expectations around the look, function and purpose of office space. These workplaces are designed much like ecosystems – every inch designed with the comfort, wellbeing and productivity of the people who occupy them in mind. The new world of ‘workplace management’ is about designing and delivering multi-faceted, minute-by-minute, multi-sensory experiences that create an emotional response. It is about designing workplace experiences to deliver a specific mission. It encompasses thinking about journeys and destinations, the fusion of space, information, and services – and how these reflect organisational personality, support human effectiveness, and lure in talent. But, as those in the industry will be all too aware, this hasn’t always been the case. So, what’s to thank for this fresh approach to workplace design and management?

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May 3, 2018

Global talent crunch will include UK workforce deficit of nearly 3 million employees by 2030

by Sara Bean • News, Workplace

A shortage of skilled employees will continue to impede growth and if not addressed, could have a significant impact on major global economies by 2030, claims a new study. Korn Ferry’s Global Talent Crunch study estimated the gap between future talent supply and demand in 20 major economies at three milestones: 2020, 2025 and 2030, and across three sectors: financial and business services; technology, media and telecommunications (TMT); and manufacturing and found that a talent deficit issue could threaten economies and sectors across Europe. Germany could experience the largest deficit of 4.9 million workers and could lose out on $629.89 billion of annual revenue by 2030 if labour shortages are not addressed – equivalent to 14 percent of its economy.

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May 2, 2018

Presenteeism hits record high in UK organisations, linked with stress and depression

by Neil Franklin • News, Wellbeing

Presenteeism, defined as people coming into work when they are ill, has more than tripled since 2010, according to the latest CIPD / Simplyhealth Health and Wellbeing at Work report. According to the study, 86 percent of over 1,000 respondents to the 2018 survey said they had observed presenteeism in their organisation over the last 12 months, compared with 72 percent in 2016 and just 26 percent in 2010. The survey also found that ‘leaveism’, such as people using annual leave to work, is also a growing problem. More than two-thirds of respondents (69 percent) reported that leaveism has occurred in their organisation over the last year.