Search Results for: financial

May 5, 2015

UK digital infrastructure struggling to keep pace with demand

by Mark Eltringham • Flexible working, News, Technology

The UK is struggling to create the digital infrastructure it needs to keep up with burgeoning employment and investment levels in new technology. A new study from IT recruitment firm Experis claims there has been an 18 per cent increase in the number of permanent job roles in the IT sector advertised across the UK in the first quarter of 2015. Meanwhile, a report from Santander’s commercial business division claims that the UK’s SMEs are planning to invest £53bn in digital business over the next two years. All of this should be good news except for the fact that digital experts are warning that the UK is about to hit the digital buffers over the next two decades, according to experts who will present their findings to the Royal Society next week.

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May 1, 2015

Rubberstamp for relocation of HSBC headquarters to Birmingham ⁰

by Mark Eltringham • Cities, News, Property

Unsurprisingly, the high profile relocation of HSBC to a new base in Birmingham has been rubberstamped by the city’s council. Despite HSBC’s recent threat to quit the UK completely, the planning committee has confirmed that the move, first announced in March, will go ahead as planned. The new 210,000 sq. ft. landmark building at the 2 Arena Central mixed use scheme has been designed by Ken Shuttleworth for handover to HSBC in 2017. The move to Birmingham has been largely attributed to the bank’s reaction to the financial crisis and the subsequent climate of legislative reform and public criticism. HSBC has longstanding links with the West Midlands and The Birmingham Post reported recently that it may resurrect the name Midland Bank as it relocates 1,000 staff to the UK’s heartland.

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April 30, 2015

Three workplace issues that could help to shape the general election ⁰

by Mark Eltringham • Comment, Flexible working, Legal news, Technology

With only a week to go until the general election, nobody seems clear on what exactly will happen at the polls, least of all the voters. The BBC’s political correspondent has described it as the Vanilla Election, with the major parties paralysed by the closeness of the race into not doing anything bold or imaginative enough to spook an ambivalent and undecided electorate. With little to differentiate the parties and an unprecedented degree of cynicism fuelled by social media and online commentary, it seems likely that voters may be swayed by what may in the past have been peripheral issues. Over the past few days several news items have even hinted that workplace related issues might have a role to play in making up people’s minds. Here are three.

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April 23, 2015

Proposal to fund development of Grade A office space in Northern Ireland ⁰

by Sara Bean • Facilities management, News, Property

Plans to develop a scheme that ensures Northern Ireland has enough Grade A office space to meet its needs has been launched by business development agency Invest NI. It follows the publication of a report that found while demand for Grade A offices has remained relatively steady over the past three years, with no new development taking place, both the overall supply and Grade A supply has fallen steadily. Of the total supply, only around 320,000 sq ft is classified as Grade A, 250,000 sq ft of which is located in Belfast City Centre. Nearly a quarter (21%) is contained within units that are smaller than 10,000 sq ft, a further 36 percent within units sized between 10-20,000 sq ft and there are only three office buildings across Northern Ireland that could offer space exceeding 20,000 sq ft.

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April 15, 2015

Flexible workforce ignoring data risks of BYOD and mobiles ⁰

by Sara Bean • Flexible working, News, Technology

The use of BYOD (Bring Your Own Device) practices by an increasingly flexible workforce is posing huge risks to the data security of employers. Six out of ten employees routinely share their work and personal devices with others, nearly a fifth of employees don’t have passwords on devices, and 22 percent admit they don’t have security measures in place. The “Securing #GenMobile: Is Your Business Running the Risk” security threat study, questioned over 11,500 workers across 23 countries and found that attitudes have moved towards more sharing of devices and an indifferent view to security in the workplace. This high risk attitude to data security, which is more prevalent amongst younger workers is being overlooked by employers with over a third saying they have no mobile security policy in place.

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April 14, 2015

The workplace as a strategic resource: a real life CEO’s perspective

by Jim Ware • Facilities management, Furniture, Workplace design

Raise your hand if you agree: “The workplace is obviously a strategic resource.” We facilities management professionals know that to be true. But if you often feel like a voice in the wilderness when speaking to anyone other than a fellow workplace professional, you are not alone. For many if not most senior executives, their facilities are a necessary evil that always cost too much. That reality frustrates me as much as it does you. So my colleague Paul Carder and I conducted two extensive research projects in 2012 and 2013 aimed at making the case (mostly to FM professionals themselves) that facilities and workplaces are incredibly strategic – and very poorly understood. And while we’ve gotten a lot of positive feedback about the work, we haven’t seen much change in mindsets, management practices or outcomes.

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April 7, 2015

“Toxic” employees create stressed co-workers, with over half more likely to quit

by Sara Bean • News, Wellbeing, Workplace

Members of staff who have a negative influence on those around them, and create a poisonous atmosphere in the office, do not affect the overall productivity of their colleagues, but are more likely to make them want to leave. “Toxic employees” make their teammates 54 percent more likely to quit and cost employers up to three times more in hiring fees, finds “Toxic Employees in the Workplace” a new US-based report by Cornerstone. The indirect costs of toxic employees, as measured by the toll they take on co-workers, can have a far greater overall impact and create an even larger financial burden on the business than the direct costs of an employee’s misbehaviour. While these individuals have a negligible effect on the performance of their co-workers, the research suggests they have a stronger influence on stress and burnout than on day-to-day task completion.

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April 2, 2015

UK labour productivity continues to flatline in spite of upturn

by Mark Eltringham • Knowledge, News, Workplace

UK labour productivity continues to flatline in spite of the recent economic upturn, according to a new report from the Office for National Statistics. Overall productivity as measured by output per hour fell by 0.2 percent in the fourth quarter of 2014 compared with the previous quarter. In 2014 as a whole, labour productivity was little changed from 2013, and slightly lower than in 2007, prior to the economic downturn. As ever, the devil is in the detail. There were notable increases in productivity in both manufacturing and construction but the modest gains in service industries obscure the fact that there is a great deal of variation across sectors and also the fact that any gains reflect a greater number of hours worked rather than an increase in the overall number of people employed or their underlying productivity.

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March 30, 2015

Driverless cars will transform the UK economy by 2030, claims report

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

A new study from the Society of Motor Manufacturers and Traders (SMMT) and KPMG claims that the development of connected and autonomous vehicles will help generate 320,000 jobs in the UK and deliver huge benefits to society and the economy. The first ever comprehensive analysis of the opportunities provided by the new technology claims that by 2030 driverless cars will deliver a £51 billion boost to the UK economy, reduce congestion and carbon emissions and cut serious road traffic accidents by more than 25,000. By that time all new cars will incorporate some form of connectivity, according to the report’s authors. It also predicts that the UK will be a global leader in the production of this next generation of vehicles, with the support of Government including financial backing. The study was presented at last week’s SMMT conference in London.

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March 27, 2015

MIPIM demonstrated how property industry is moving with the times

by Anna King • Comment, Property, Workplace design

In its 26th year, the colossus conference that is MIPIM was back in full flow. With 93 countries were present, 4, 500 investors and 22, 000 registered delegates there were numerous developments presenting opportunities around the world. And crucially, there were more people apparently buying than selling, meaning that strong investment activity will follow. A dumbfounding prediction from property agent Cushman & Wakefield, that global real estate investment could rise 11% to 1.2 trillion euros – an indication of just how much healthier the market is. However, the renewed positivity isn’t simply a return to the ‘good times’, it is apparent that the pain the recession brought in 2008 hasn’t been forgotten and we are seeing a revised formula for property that includes sustainability, collaboration and – crucially – people.

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March 26, 2015

London remains world’s most expensive city in which to live and work

by Sara Bean • Facilities management, News, Property

London has retained its place as the world’s most expensive city for businesses to accommodate their employees. But according to the latest analysis from Savills, Hong Kong and New York are closing the price gap. The three cities have dominated the Savills Live/Work Index since its launch in 2008 and form a tight group of world class cities where it now costs over US$110,000 per employee per year to rent typical office and living space. London is now 7.3 percent cheaper in dollar terms than in June 2014, while 4th placed Paris has slipped below the US$100,000 per employee threshold for the first time since mid-2012 as a result of rental falls, dollar appreciation and euro weakness. Meanwhile, fuelled by an improving US economy and tech industry expansion, San Francisco has outpaced all other cities in the live/work index, with growth in rent and other real estate costs of 55.1 percent since 2008.

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March 25, 2015

Wellbeing continues to improve despite static pay levels, claims ONS

by Mark Eltringham • Environment, News, Wellbeing, Workplace

The overall wellbeing of the UK population continues to improve despite ongoing concerns about pay levels and job security, according to a new report published today by the Office for National Statistics. The latest analysis includes an assessment of changes in national wellbeing for the first time and finds that year on year 33 percent of indicators had improved, 42 percent showed no overall change, 21 percent were not assessed and 5 percent deteriorated. The proportion of people in the UK giving the highest ratings for each aspect of personal wellbeing measured by the report increased significantly in the financial year ending 2014. The report defines wellbeing as a measure of “how we are doing as individuals, as communities and as a nation, and how sustainable this is for the future” based on 41 metrics.