Search Results for: financial

RIBA calls for next Parliament to focus on the built environment

by • Architecture, News, Property, Public Sector

The Royal Institute of British Architects (RIBA) has called on all parliamentary candidates to focus on the built environment in the forthcoming general election.

The Royal Institute of British Architects (RIBA) has called on all parliamentary candidates to focus on the built environment in the forthcoming general election. Along with a renewed focus on building more quality homes and schools, RIBA is campaigning for improving the planning process; developing flood-proof communities; delivering energy efficient buildings and retrofitting those that are not; and providing a good quality built environment to accommodate an ageing population and encourage more people to become healthier. The #BuildaBetterBritain campaign is based on RIBA’s report and recommendations, Building a Better Britain: A vision for the next Government. RIBA has created a campaign website to enable architects and constituents to find and make contact with their candidates.

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This isn’t a golden era for small business; it’s more interesting than that

by • Comment, Flexible working, Public Sector, Technology

small businessesYesterday, the Prime Minister’s Enterprise Advisor Lord Young produced a report into the key trends experienced by the UK’s small businesses over the past five years. According to the headline figures presented by the report, this is a ‘golden era’ for small businesses in the UK, with a record number of small firms in the country. The reported 5.2 million small firms represents an increase of 760,000 over the five year period covered by the study. The report concludes that the main drivers of this upsurge are the growing belief people have in their own ideas and abilities coupled with the technological wherewithal to make them a commercial reality. Lord Young also claims the Government deserves some credit for providing the business landscape for this to happen. But is it really that simple?

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‘Squeezed generation’ of middle-aged workers take most sick days

by • News, Wellbeing, Workplace

 

Employers’ concerns regarding the ageing workforce are usually based on the belief older workers will tend to struggle more with health problems. However, new data from AXA PPP healthcare reveals it’s the middle band of workers (30-49) that take more sick days than any other age group; averaging 2.3 sick days in the past six months; with a quarter of these workers taking three or four days off sick. Twelve per cent of this middle age group have taken the equivalent of a working week off sick (5 or 6 days) in the past six months, double the number of 18-29 year olds (6%) and just 5 per cent of those 50-69. This ‘squeezed generation,’ faced with the pressures of balancing work and home, takes least positive steps to help ensure good health; has a fairly negative outlook regarding their jobs and is more stressed than other age group.

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Discrimination concerns inhibit LGBT people from being ‘out’ at work

by • News, Workplace

Discrimination concerns inhibit LGBT people from being out at work

LGBT (lesbian, gay, bisexual and transgender) people are worried about harassment from colleagues or being passed over for promotion if they come out at work; and while two thirds of people are out at work in the Netherlands less than half are prepared to divulge their sexual orientation at work in the UK. These are the initial findings in a global study to prove the importance of implementing effective policies to support LGBT people at work. “LGBT Diversity: Show Me The Business Case” by business consulting firm Out Now measures the financial savings companies can make by encouraging people to be open at work about their sexual orientation or gender diversity. The report is drawn from an analysis of Out Now’s LGBT2020, a global research initiative involving more than 100,000 LGBT people worldwide.

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Bosses failing to tackle workplace bullying say staff

by • Legal news, News, Wellbeing, Workplace

Employers failing to tackle workplace bullying, according to majority of staff The majority (91 percent) of staff polled on bullying at work say their employers do not deal adequately with the problem and over three quarters (78 percent) are reluctant to complain for fear of their job. According to charity Family Lives, the anxiety associated with workplace bullying greatly affects emotional health and wellbeing. Of the 1,500 workers it polled, 73 percent said the bullying was verbal, including threats, whereas 60 percent felt the bullying was social, including being excluded, ignored and isolated. Two thirds (66 percent) of respondents witnessed bullying at work with 43 percent stating they were bullied by their line manager, 38 percent bullied by a colleague and 20 percent bullied by SMT or CEO.

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Investors priced out of London commercial property turn to regions

by • Cities, News, Property

Glasgow commercial propertyAccording to a report from Reuters, foreign competition in the London commercial property market is forcing local investors to invest in regional cities to tap rising rents there, with many making purchases privately to avoid auctions or even building office blocks from scratch. Commercial property in London has become a popular safe haven for investors from places such as Russia, China and southern Europe as a result of the financial crisis, and office prices have bounced back strongly from the lows. From a $4 billion battle for control of the Canary Wharf financial district to the creation of the capital’s tallest building, The Shard, thanks to oil money from the Gulf, many of London’s landmarks have had a helpful overseas financing hand.

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Aging workforce driving uptake of flexible working in UK firms

by • Flexible working, News, Workplace

older UK workforce flexible workingA growing number of employers see flexible working arrangements as an important tool for meeting the needs of their aging workforce, according to a new report from insurance industry trade association Group Risk Development (GRiD). The report highlights how changing attitudes, demographics, longer life expectancy and the abolition of the UK’s Default Retirement Age three years ago have encouraged employers to look at how to foster the wellbeing and meet the needs of older employees. Over a quarter (27 percent) of the 500 UK businesses who took part in the study had introduced flexible working specifically to meet the needs of their ageing workforce and many (22 percent) of employers said dealing with an ageing workforce was among their top three wellbeing issues.

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City of London office market reaches the highest volume of lettings for 15 years

by • Facilities management, News, Property

05Central London leasing activity hit the highest volume since 2007 last year, while the office market in the city reached its highest volume for 15 years. Take up of central London office space totalled 12.4 million sq ft, when 12.7 million sq ft was let; which is 15 per cent ahead of 2013 totals. According to the latest research by Cushman & Wakefield, while all areas of the capital saw an upturn in activity during 2014, the City of London market recorded the highest volume of lettings for 15 years, with 7.2 million sq ft of transactions completed compared to 7.4 million sq ft in 1998. West End lettings reached 4.0 million sq ft; on a par with the last peak in 2007.  Even Docklands saw take-up double in comparison to 2013 to exceed 1.0 million sq. ft for the first time since 2010; and the serviced office sector is thriving.

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Government should accept that self employment is the new normal for many

by • Flexible working, News, Workplace

self employmentThe Government should develop more policies that meet the needs of the growing numbers of self-employed in the UK and across Europe. That is the message of a new report from think tank The Institute for Public Policy Research which points out that while 40 percent of the rise in job levels since 2010 has been in self-employment, the Government should accept this is not a blip but a structural change in the way many people work and develop appropriate policies to meet their needs. The report argues that self-employment is already the new normal for some 4 million UK workers and the Government should take steps to ensure their pensions, training and earnings are in step with the rest of the workforce.

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New report uncovers habits and habitats of London’s workplace tribes

by • Cities, News, Workplace

shandyCity workers have been proven to ‘work hard and play hard’ more than those in other areas of Greater London, according to an extensive study of the capital’s office workers. Those in the Square Mile have the longest hours (45.3), spend most nights out drinking (two) and as a consequence suffer from the highest number of hangovers on a weekly basis. The findings are part of a research project by Avanta Serviced Office Group, to reveal the contrasting habits, characteristics and lifestyles of those working in different areas. The study questioned over 1,500 office workers across the city and found: City of London workers are most likely to ‘work hard and play hard’, often snoozing in the workplace at lunchtime to catch up on their sleep; weary West Enders are out-shopped by workers in the City; Islington is the cycling and social media capital of London; and Croydon has the most office romances.

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New Scotland Yard sold to Emirati investors for £370 million

by • News, Property, Public Sector

Illustration: @SimonHeath1

Illustration: @SimonHeath1

The buyer of the Metropolitan Police’s Scotland Yard headquarters building has been confirmed as  Abu Dhabi Financial Group (ADFG). The sale of the home of the Met as part of a huge shake-up of the police’s estate was first announced last year and last month news emerged that a buyer had been found, although details of the sale were withheld. The sale of the site to the Emirati investment group for £370 million is reported to be some £120 million more than the original asking price set by London Mayor Boris Johnson. The current building has been home to the Met since 1967 but the Mayor’s office felt the sale and freeing up of resources could benefit the force’s frontline operations. The sale is part of a wider shake-up of the police estate in London which has already seen the sale of 32 buildings, raising £125 million. The restructuring programme is expected to complete in 2016 and is estimated to save around £60 million each year in running costs.

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Government must beef up the way it manages outsourced contracts

by • Briefing, Comment, Facilities management, Public Sector

Facilities managementAny poorly-performing facilities management contract can result in financial and reputational loss, but where a government contract has been mismanaged, and there is a thirst for information on how the public purse has been spent, the repercussions can be major and the casualties high. The UK Government is the biggest spender on FM services, with £40 billion of outsourced contracts each year. However, in a recent report from the Public Accounts Committee and National Audit Office, contract management came in for stinging criticism. Evidence of overbilling, capacity issues, and poor governance and recordkeeping led to a very clear message that the Government must beef up its contract management. Procurement and contract management have been viewed traditionally as low-status in the civil service and, as a result, have been at the mercy of administration cuts and lack of investment.

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