Search Results for: financial

September 13, 2016

The future of London depends on cohesion, flexible working and infrastructure ⁰

by Mark Eltringham • Cities, Features, News, Products, Technology

The future of London is the subject of a new and wide ranging collection of essays from Think Tank Localis. It includes contributions from the likes of Boris Johnson, Terry Farrell, Peter Bazalgette and Justine Roberts. Its core theme is that while London has established itself as one of the world’s great financial and cultural powerhouses over the last thirty years, it now faces a number of new challenges and intransigent problems that it must address in a new globalised era. These have taken on a new perspective as the UK prepares to negotiate a new relationship with the EU, something which the report repeats was not the choice of Londoners, but which did perhaps reveal a neglect of the rest of the UK as the Government focused too much attention and investment on the capital. So, while the report focuses on London it also tries to create a vision of a London better integrated with the needs of the rest of the UK and based on a new partnership with the EU.

September 9, 2016

Office property sector leads global real estate market in sustainability ⁰

by Sara Bean • Environment, Facilities management, News, Property, Wellbeing

The global real estate market is showing signs of improvement across all areas of environmental, social and governance performance (ESG) including a 1.2 percent reduction in energy consumption, 2 percent reduction in GHG emissions and close to 1 percent reduction in water use. It is also placing greater focus on occupant health and well-being. This is according to the latest data compiled by GRESB, a benchmarking organisation for real estate companies and funds which evaluates sustainability practices in the global real estate sector. In the results for the 2016 GRESB Real Estate, Developer and Debt assessments, which analyses the sustainability performance of more than 1,100 real estate portfolios of both private equity and listed companies, Australian entities outperformed all other regions with an average score of 74, which is 14 points above the global average; and office companies and funds outperformed other property types with an average score of 66.

September 8, 2016

What do Millennials and Gen Z want from work? The same as everybody else ⁰

by Mark Eltringham • Flexible working, News, Technology, Workplace design

More evidence that younger people are in fact people after all emerges with the publication of a new report from Randstad and Future Workplace. The study of over 4,000 individuals worldwide claims that despite widespread belief, 41 percent of Generation Z employees believe that collaborative, corporate offices combined with a degree of autonomy and flexibility is their preferred way to work. They prefer bosses with strong communication skills, value face to face meetings, are irritated by distractions and believe they will probably have a career focussed oln one specific sector. As a follow-up to a previous study conducted in 2014, the Gen Z & Millennials Collide@Work report focuses on the impact of Gen Z entering the workplace for the first time and how Millennials are engaging with them. Both studies claim that Gen Z and Millennials continue to prefer communicating with co-workers and managers in-person in lieu of email and phone.

September 8, 2016

HR remains unprepared for impact on the workforce of Brexit ⁰

by Sara Bean • Flexible working, News, Workplace

One of the biggest impacts of the Brexit vote will be on recruitment and retention, but less than half of businesses have so far bothered to create a dedicated HR team, claims the latest Willis Towers Watson survey. The majority of companies (56 percent) instead continue to ‘wait and see’ before they take any action to prepare their organisation for Brexit. This is despite two-thirds (66 percent) of employers believing their business in the UK will be significantly affected by Britain’s vote to leave the European Union (EU), and 76 percent most worried about the impact of Brexit on the workforce. The report says that almost four-fifths (78 percent) of companies have begun a consideration of the implications of Brexit and more than half (60 percent) have conducted an assessment of what it means for key areas, but so far only 24 percent have carried out a detailed impact assessment and only a third (33 percent) have done any scenario planning.

September 6, 2016

Two thirds of US gig economy workers would choose not to repeat the experience ⁰

by Mark Eltringham • Flexible working, News, Wellbeing

While the number of independent workers in the US gig economy is expected to grow to 54 million people by 2020 and some 40 percent of workers have already experienced it according to MBO Partners: State of Independence in America 2016, a new online poll by Deloitte of nearly 4,000 workers found that 67 percent of those who have worked as an independent contractor would choose not to do so again in future. Additionally, more than 60 percent of employed workers said that their stability would suffer if they moved to independent contract work, and 42 percent worry about sacrificing good compensation and benefits. Four-in-ten respondents (41 percent) recognise that independent contracting offers more flexibility to work where, when, and how they want to as compared to full-time employment. However, respondents cite inconsistent cash flow and lack of employer-paid benefits as drawbacks that discourage them from pursuing independent work.

September 6, 2016

Post Brexit business confidence returns but overall uncertainty remains ⁰

by Mark Eltringham • Cities, Legal news, News, Property

Blink and you’ll miss some news item on Brexit, so here’s just some of the stuff we’ve picked up on the last few days. It’s hard to imagine that any of these stories might be woven into some sort of coherent narrative, especially when the Prime Minister has yet to announce any details or timescales for the UK’s mooted withdrawal from the EU, if not the Single Market. Some of the ifs and buts are laid out in this excellent blog, but the reality is that nobody really knows what will happen and, as the writer suggests, the UK may not have the expertise to deliver a coherent withdrawal anyway. In the meantime, there appears to be some sense that business is returning to normal. The key CIPS/Markit survey of business confidence has bounced back both quickly and strongly and there are other signs that not all is doom and gloom. That said, there are clear signs that overseas partners are spooked amid the uncertainty even though the still low Sterling exchange rate continues to make the UK attractive.

August 16, 2016

A well executed wellness strategy benefits staff and employers ⁰

by Beate O'Neil • Comment, Wellbeing, Workplace

Employee health and wellbeing is moving up the agenda of many companies. A recent report from the Reward and Employee Benefits Association (Reba) and Punter Southall Health & Protection found that a third of companies have a wellness strategy in place, with 80 per cent having introduced one in the last three years. Of the 70 per cent that don’t yet have a strategy, a third plan to implement one this year, a third plan to implement a plan in the next few years and the final third have it firmly on their wish list. This is driven by the fact that the UK is experiencing a major demographic change – in 2014 the average age of the population exceeded 40 for the first time. With the percentage of the total population over 60 predicted in a report from AgeUK to rise from 24.2 percent at present to over 29 percent in 2035, employers are beginning to wake up to the fact that wellness is good for staff and good for business.

August 16, 2016

How to save a sinking ship: lessons from Marissa Mayer’s experience at Yahoo ⁰

by Andrea Hak • Case studies, Features, Flexible working, Technology, Work&Place

When former Google employee Marissa Mayer joined Yahoo as its CEO in 2012, she inherited the company’s vast problems. Though it was once seen as one of the first tech behemoths, Yahoo’s inability to come up with ground breaking products like Google and others, put it in a slow, steady decline. Mayer was immediately tasked with trying to reinvigorate the stagnating company. Her focus was to find a way to identify and retain talent, while phasing out ineffective employees. However, Yahoo’s new management policies have brought about much debate and criticism from HR experts. A controversial book by journalist Nicholas Carlson titled “Marissa Mayer and the Fight to Save Yahoo!” paints a highly critical view of Mayer’s first years as CEO. In response others have defended her, arguing that she has done the best she can with the resources available, but has become a scapegoat for poor management, like so many other women in powerful positions.

August 16, 2016

Women struggling to reach senior executive roles in top US firms ⁰

by Sara Bean • Comment, News, Workplace

Progress for women in reaching the executive ranks within the UK’s FTSE 100 is too slow and the picture is less than inspiring on the other side of the Atlantic. A new analysis by Korn Ferry of the top 1,000 US companies by revenue finds the percentage of women in most executive positions is dramatically lower than their male counterparts. Across the most prominent executive job titles and several industries (consumer, energy, financial, life sciences, industrial, technology) an average of less than one quarter (24 percent) of the top leaders are women. The most senior post is held by the smallest percentage of women, with only 5 percent serving as CEO; 12 percent of CFO’s (Chief Financial Officer) are women; and 19 percent of women holding the CIO (Chief Information Officer) role across all industries. The CHRO (Chief Human Resources Officer) role is the only one where there is gender parity, with 55 percent of CHROs across industries being women.

August 10, 2016

Low take up for shared parental leave raises questions over demand ⁰

by Sara Bean • Flexible working, Legal news, News, Workplace

New research questions how much demand exists in the UK for fathers to take shared parental leave. The first available figures reveals a low take-up of new rights to paid leave, as just 3,000 new parents took advantage of the system in the first three months of 2016 – one year on from its introduction. By contrast, approximately 52,000 fathers and 155,000 mothers took paternity and maternity leave in an equivalent time period in 2013/14. The figures were published as a result of a freedom of information request from law firm EMW who suggest that this shows that the new rules are being significantly under-utilised and policymakers need to give more consideration to what benefits future changes to employment law will actually deliver versus the impact on small businesses which have to implement them. The new Shared Parental Leave system allows parents to share paid time off between them, in place of (and at the same rate as) Statutory Maternity Pay.

August 6, 2016

HR analytics has the potential to stem the silver brain drain ⁰

by Matt Henderson • Comment, Technology, Workplace

We’re operating in an increasingly tech-centric environment, but human talent still remains one of the core differentiators if a business is to thrive. Not surprisingly, the mission to get the very best people on board and optimise the potential of those already in situ has become the Holy Grail for many companies, irrespective of scale and sector – a challenge that demands a more intuitive and precise, even scientific approach to human capital management. Data analytics is a case in point, designed to extrapolate insight from intelligence across a variety of disparate sources and establish actionable intelligence, capabilities which naturally lend themselves to powering key decisions around hiring and retention and building on existing talent. Yet despite the proliferation of analytics across many strands of the workplace, take up in the HR sphere remains relatively modest, in tandem with a long-held reticence over the use of the technology in this area.

July 28, 2016

Growing number of people past retirement age still work to boost income ⁰

by Mark Eltringham • Legal news, News, Wellbeing

For all that everybody bangs on about Millennials, it’s increasingly apparent that the workforce in most nations is actually getting older and that it’s not just Governments who are keen to keep older staff in work, but also people themselves. A new study from MetLife based on Government data claims that nearly one in seven over-65s in the UK are boosting their retirement income by working, earning around £296 in addition per week. The data suggests that the numbers of over-65s working has increased from just 8 percent of the pensioner population to 13 percent in the last ten years, the equivalent of 1.1 million people. Median earnings from working are £296 a week adding up to annual pay of nearly £15,400. The need to keep working is underlined by the continuing squeeze on saving and investment income, which generates just £312 a year for pensioners on average. The proportion of pensioners earning money from investments has dropped from 72 percent in 2004/05 to around 64 percent now. Around 72 percent of all pensioners have private or company pensions compared with 66 percent a decade ago.