Search Results for: financial

November 10, 2016

The changing workplaces of Australia’s law firms; more in common with hotels than offices ⁰

by Mark Eltringham • Architecture, Features, Workplace design

Features such as baristas, sky terraces and fine dining will continue a process of transformation at the workplaces of Australia’s leading law firms over the next few years, claims a study by Melbourne based architecture practice Bates Smart. The report claims that the legal workplaces of today are are already unrecognisable compared to what was considered typical yesterday, having more in common with a five star hotel than a traditional office. Bates Smart predicts an even greater shift towards flexibility, collaboration and hospitality from legal firms in the future with the publication of four key findings in its new whitepaper, The Legal Workplace 2020, The report analyses trends in over 135,000 sq. m. of legal practice workplaces and draws conclusions that are indicative of key trends for law firms and the wider market alike.

November 10, 2016

If we want to maximise productivity and wellbeing, how many hours should we work? ⁰

by Mike James • Comment, Flexible working

Some people cling to the idea that if you want to get more work done, the obvious solution is to put in more hours. But if that’s true, why are a number of companies in Sweden reducing their working schedule from eight hours a day to six? Is Sweden that economically successful that they can afford to give their staff a quarter of the day off? No – something different is going on. But to understand it, we need to look at where the idea of the eight hour working day and its association with productivity comes from. During the late 19th century, there was an increased demand for worker’s rights, and the debate about working hours was right at the heart of it. Improvements were slowly made, as standard 16-hour-a-day shifts reduced and reduced. As the 20th century arrived, significant progress had been made, but even then many stubborn companies held on to older working practices. Ten-hour, six-day-a-week schedules were still common.

November 8, 2016

UK cities now outperforming pre-crisis peak on key socio-economic indicators ⁰

by Neil Franklin • Cities, News

The majority of UK cities and Local Enterprise Partnership (LEP) areas are now outperforming their pre-financial crisis peak, according to the latest 2016 Good Growth for Cities index, produced by PwC and the think-tank, Demos. However, a number of cities that have previously scored highly terms of jobs, incomes and business start-ups are beginning to experience growing pressures on housing affordability, transportation and work-life balance. The report also warns that the elements of the Good Growth index could be impacted by Brexit, with housing, jobs and income potentially seeing the largest effects. However, it also points to post-Brexit opportunities including revised trade relations and regulations and the potential of new markets beyond the EU. Published today, the fifth annual Good Growth for Cities index measures the performance of 42 of the UK’s largest cities, England’s Local Enterprise Partnerships LEPs and the new Combined Authorities against a basket of categories defined by the public and business as key to local socio-economic success.

November 8, 2016

Work-life balance is especially important to millennials, finds US study ⁰

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

Work-life balance is especially crucial to millennials, with nearly six in 10 members of this generation (57 percent) saying that work-life balance and well-being in a job are “very important” to them. What’s more, millennials — whose propensity for technology has the potential to keep them constantly tethered to work emails and projects — care a lot about having a job that actively promotes their well-being. Results from the US-based Gallup-Healthways Well-Being Index survey shows that millennials are more likely than those of other generations to be thriving in physical well-being and are improving in key areas of health. But it also shows that employees who are thriving in all five elements of well-being are 81 percent less likely than those thriving only in physical well-being to seek out a new employer in the next year. These findings are particularly compelling, considering that millennials are the most likely generation to job-hop.

November 4, 2016

Corporate responsibility now essential to attract and retain millennials ⁰

by Sara Bean • Flexible working, News, Workplace

Corporate social responsibility is no longer seen as more than a nice to have, with those working within the built environment for example, appreciating the role it has in reducing greenhouse gases. But it is also being increasingly seen as a positive way of attracting and engaging the right talent. Now according to a new survey carried out in the US, meaningful engagement around CSR is becoming a business – and bottom line – imperative, impacting a company’s ability to appeal to, retain and inspire Millennial talent. Three-quarters (76 percent) of Millennials consider a company’s social and environmental commitments when deciding where to work and nearly two-thirds (64 percent) won’t take a job if a potential employer doesn’t have strong corporate social responsibility (CSR) practices, according to the 2016 Cone Communications Millennial Employee Engagement Study. Because the millennial generation are the most likely to blend their personal and working lives, it’s more important to them than other generations to view their job as a way to make a positive impact on society, the study suggests.

November 2, 2016

Calming office space and flexible hours best ways to combat workplace stress ⁰

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

More flexible hours, a more caring attitude from management, a welcoming office design and space away from the desk to take a break are much more effective ways to reduce workplace stress than expensive office overhauls or the provision of mindfulness classes, a new survey claims. A study into the measures that help reduce stress conducted by Cascade HR, explored what workers feel bosses can do to reduce their stress levels, and found that introducing flexible working hours (47 percent), early finishes on Fridays (39 percent) and a caring, friendly management style (38 percent) would have the biggest impact. The research also revealed the physical aspects of the workplace which employees believe employers could change or introduce to improve their occupational mental health. In fact, the workplace being clean and tidy was the factor that workers felt could go the furthest to reducing their stress (35 percent), while almost 1 in 3 felt having music playing would help to keep their stress at bay; as would simply having a space away from desks in which to chill out (29 percent) or to eat (27 percent) during breaks.

November 2, 2016

A quarter of UK workers have complained of stress at work but received no support ⁰

by Neil Franklin • News, Wellbeing

Figures released in the fourth annual Employee Insight Report from Capita claim that one in four UK workers (26 percent) say they have complained to their employers about feeling stressed but have received no support. With the new statistics released on National Stress Awareness Day, the report suggests that stress is prevalent among the vast majority of UK workers, with three quarters (75 percent) saying they have felt stressed at some point over the past 12 months – more than a quarter (28 percent) say they feel stressed on and off throughout the year, while 5 percent say they feel stressed ‘all the time’. The report also shows most people (56 percent) would not feel comfortable talking about taking time off for issues such as depression or stress with their fellow workers, suggesting stigmas remain around mental health concerns.

October 28, 2016

Toxic culture at work a leading grievance for unhappy staff ⁰

by Sara Bean • Flexible working, News, Workplace

Nearly a third of UK workers (30 percent) would not describe themselves as happy at work and would move jobs for better benefits and a more pleasant workplace culture, a new survey claims. The report by Perkbox finds that the power of ‘Thank You’ in business is an overlooked and often underestimated resource, yet its influence to elevate moods, increase engagement and uplift productivity is profound. Over two thirds (69 percent) of UK workers polled rate company perks and benefits as important to their overall satisfaction and more than a quarter (26 percent) rate lack of reward and recognition for good work as their number one grievance at work. Yet over half (53 percent) of UK companies do not formally recognise outstanding employees on a regular basis, while 44 percent believe that rewards and recognition are either very or extremely relevant to their business. UK workers also reported that a toxic negative culture at work was their biggest grievance (cited by 21 percent of respondents) while 17 percent highlighted micro management and 15 percent said long hours. In London, nearly half (48 percent) of workers would be likely to switch to a job that offered better benefits and overall women are more likely than men to consider work/life balance an important factor in switching jobs (41 percent vs 35 percent).

October 25, 2016

How tech giant EMC standardised the design and management of its office portfolio ⁰

by Cathy Hayward • Case studies, Facilities management, Features, Workplace design

This summer’s headlines have been full of discord, a cacophony of angry voices either directed at continental Europe, or at the Brexiters who voted for Britain to leave the European Union. But EMC, a global leader in information technology-as-a-service which has recently been acquired by Dell, is a leading light of European integration through its One Team approach to workplace management and design across Europe, the Middle East and Africa (EMEA). Over the past three years, the EMC Global Real Estate and Facilities Team (GREF), which supports more than 12,000 people in around 130 office locations across 50 countries in EMEA, has transformed from a group operating independently, to a fully-aligned team which provides a uniform and standardised approach to workplace delivery and management to enable greater business success.

October 24, 2016

Corporate real estate sector continues to make progress in energy consumption, carbon emissions and water use ⁰

by Mark Eltringham • Environment, News, Property

The world’s leading corporate real estate owners and managers are making significant progress in reducing energy consumption, carbon emissions and water usage in their buildings, according to a new report from the Urban Land Institute’s (ULI) Greenprint Center for Building Performance. The Greenprint Performance Report, which measures and tracks the performance of more than 5,400 properties owned by Greenprint’s members, demonstrates a 3.4 percent reduction in energy consumption, a 3.9 percent reduction in carbon emissions and a 4.8 percent reduction in water use between 2014 and 2015. According to the study, since Greenprint started recording building performance in 2009, the energy consumed by members’ properties tracked by Greenprint has dropped 13.7 percent. Carbon emissions from those properties have decreased 16.5 percent; and water usage has dropped by 10.6 percent. The reductions occurred even as building occupancy rose, suggesting that greater space usage does not necessarily cause a decline in building performance.

October 24, 2016

Gartner report identifies the Top 10 strategic technology trends for 2017 ⁰

by Mark Eltringham • News, Technology

A new report from tech analysts Gartner highlights the top technology trends the firm believes will be ‘strategic for most organisations in 2017’. Gartner defines a strategic technology trend as one with substantial disruptive potential that is just beginning to break out of an emerging state into broader impact and use or which are rapidly growing trends with a high degree of volatility reaching tipping points over the next five years. They include artificial intelligence, blockchain, intelligent devices, digital technology platforms and advanced machine learning.

October 22, 2016

Uberification of work + Future of coworking + Quest for productivity ⁰

by Sara Bean • Facilities management, Flexible working, Newsletter, Property, Technology, Wellbeing, Workplace

In this week’s Newsletter; Anthony Brown argues Uber’s success lends a name for a process that is reshaping the commercial property sector; Mike James wonders where the gig economy and zero hours contracts are taking us; and Mark Eltringham discusses the interaction of people and technology. Two new reports highlight the growth of the freelance workforce in the UK and US; researchers analyse the impact of coworking from a corporate real estate (CRE) perspective; Barclays presents its vision of the workforce of the future; and Herman Miller unveils a new Aeron chair. The latest stage of the UK’s BIM Task Group programme is officially launched; responses to a government enquiry reveal the barriers the built environment still presents to disabled people; and a combination of financial, mental and physical health problems affect many workers. Download our new Briefing, produced in partnership with Boss Design on the link between culture and workplace strategy and design; visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.