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Coworking trends are influencing design and layout of central London offices

Coworking trends are influencing design and layout of central London offices

Coworking trends are influencing design and layout of central London offices

The rise of coworking and flexible working are affecting the design and layout of central London offices, with many traditional offices being given makeovers to reflect current trends in wellness and connectivity. And according to Cluttons’ Central London Office Market Outlook for Spring 2018, the Central London office market continues to experience a comparatively low vacancy rate – currently standing at 5.9 percent percent well below the 15 year average of just under 8 percent, which is more or less the same following Brexit in mid 2016. In comparison, following the peak of the last cycle at the end of 2007, the overall vacancy rate in Central London moved out from 7 percent to an average of 8.2 percent in the following two years. Landlords have been generally far more responsive to the recent downturn than in previous cycles; not only in relation to rent but also lease flexibility, together with a willingness to cap service charges and dilapidations with older style buildings. Alongside this, the volume of flexible office space in London rose by 20 percent last year as smaller firms move into serviced or managed offices.

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Remote working preferred, with just one in ten workers happiest in an office environment

Remote working preferred, with just one in ten workers happiest in an office environment

Remote working preferred, as just one in ten workers happiest in an office environmentOne in four workers (28 percent) would move jobs if they weren’t allowed to work from home, increasing to nearly half (45 percent) of millennial workers. Yet while two thirds of UK employees (65 percent) can work from home, 35 percent are still not given the option of working remotely. Totaljobs’ research revealed that remote working is in the top five most important benefits when looking for a new job, beating perks such as enhanced parental leave, travel allowances and learning and development. One in five workers would pick a job that offered remote working over one that did not when deciding on a new role. Given the choice, two fifths (38 percent) of the UK workforce prefer working from home, a figure that rises to 46 percent of 18-34-year olds as opposed to just 31 percent of over 55’s, clearly showing the popularity of remote working options to the millennial workforce. The flexibility that remote working offers is most appreciated by women, with a quarter (24 percent) preferring the option of working from home or in the office compared to 16 percent of men.

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Employers needs to do more to support working families

Employers needs to do more to support working families

Tackling unsupportive workplace cultures is crucial in helping parents achieve a better work life balance, according to a new study from lobby groups Working Families and Bright Horizons. The 2018 Modern Families Index: how employers can support the UK’s working families, published by work life balance charity Working Families and Bright Horizons, claims to expose the limitations of policies like flexible working, whilst unsupportive workplace cultures remain in place.  Many parents feel compelled to work far beyond their contracted hours to meet managers’ expectations and to progress in their careers, according to the report. When parents were asked how they felt about their employer in terms of work-life balance, over a third (34 percent) of parents said they felt resentful, with more fathers than mothers agreeing (37 percent vs. 32 percent). Millennials were the most resentful; 46 percent of millennial fathers felt resentful, the highest proportion of any group of parents.

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New religion and belief guidance from Acas aims to help prevent discrimination at work

New religion and belief guidance from Acas aims to help prevent discrimination at work

New religion and belief guidance from Acas aims to help prevent discrimination at work

New guidance on religion and belief in the workplace has been published by Acas. It is intended to help ensure businesses are following the law when it comes to managing staff that have a particular religion, belief or indeed don’t hold any beliefs. The guidance offers employers essential advice on how to comply with the Equalities Act, which protects employees against discrimination based on religion and belief. The new guidance for employers and employees sets out to explain what religion or belief discrimination is, how to avoid it and includes advice on what the law says about religious dress codes, fasting and time off for religious festivals or holidays.

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Office take-up in London at highest point in last 12 months, boosted by pre-let activity

Office take-up in London at highest point in last 12 months, boosted by pre-let activity

Office take-up in London at highest point in last 12 months, driven by pre-let activityCentral London commercial offices under offers are at the highest point in the last 12 months and take-up is ahead of 2017 levels compared with this point last year, new data from CBRE has shown.  Central London office take-up for April 2018 stood at 547,900 sq ft, largely driven by pre-letting activity. Office take-up for the year to the end April 2018 was 4 percent higher than the corresponding period in 2017, standing at 3.4m sq ft. Take-up was boosted by 139,600 sq ft of pre-letting activity. Over the last 12 months, the business services sector has represented the largest proportion of take-up at 32 percent, driven by a large number of deals to flexible office providers. Take-up in April was dominated by the creative industries sector, accounting for 44 percent of take-up. The banking and finance sector (26 percent) and the business services sector (21 percent) also represented notable proportions of take-up in April.

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Jobs vacuum due to high employment and skills shortage is creating a war for talent

Jobs vacuum due to high employment and skills shortage is creating a war for talent

Jobs vacuum due to high employment and skills shortage is creating a war for talent

Figures published yesterday showed that the jobless rate has fallen to 4.2 percent, the lowest since 1975 according to the Office for National Statistics (ONS). While good news for the economy, the challenge for employers will be recruitment. On average, over 40,000 job vacancies are left unfilled for over six months according to research by Robert Half UK. The figure doubles to 80,000 for roles left vacant for more than a month. The findings come following research into the UK job market looking at trends in the modern workplace which confirmed that high employment coupled with an ongoing skills crisis is leading companies to face a war for talent which is leaving many positions unfilled. A lack of skilled candidates (51 percent) tops the list of challenges, whilst difficulties in finding the right talent follows close behind (30 percent). Even when the right person has been found, many firms aren’t hiring fast enough and end up missing out on their preferred candidate (28 percent). UK organisations clearly recognise the detrimental effect that unfilled roles can have on their business. Reduced productivity (42 percent), increased stress (42 percent) and limited business growth (38 percent) are cited as the main consequences – all of which can cripple a firm’s performance.

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Artificial intelligence, robots and automation set to transform the office environment

Artificial intelligence, robots and automation set to transform the office environment

In today’s highly digital landscape, tools like AI and machine learning were developed to significantly improve productivity in the workplace. But despite their existence, many companies still trail behind in terms of integrating AI in their office environments. In fact, an article on Workplace Insight previously noted that over a quarter of employers fail to provide staff with digital and flexible tools. Though it is predicted that the next couple of years will see businesses adapt to a human-and-machine environment, organisations still have a lot of catching up to do in terms of digital basics.

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Seven stories to get your week off to a flying start

Seven stories to get your week off to a flying start

Why great employees leave great cultures

Are flexible short term leases the new future?

Four mega-trends for the future of work

The revolution will not be transactionalised

Bjarke Ingels joins WeWork as Chief Architect

The road to automation, the joy of work, and the ‘Jen problem’

How Soho House transformed BBC Television Centre (registration required)

Employers face increasing challenge in finding the right person for the job warns CIPD

Employers face increasing challenge in finding the right person for the job warns CIPD

Employers face increasing challenge in finding the right person for the job warns CIPD

Employment prospects in the UK are improving, as the number of vacancies in the UK economy remain well above historic average levels, but the CIPD is warning that employers’ demand for skills and labour may not be met by supply. The latest Labour Market Outlook from the CIPD and The Adecco Group shows that employers’ near-term employment expectations have risen to a five-year high. This continued growth in demand for labour, while highlighting employer optimism, is set to lead to a further tightening of the UK labour market for employers, making it harder for them to find the skills and labour they need. Almost two-thirds (61 percent) of employers in the survey said that at least some of their vacancies are proving hard to fill.  By comparison, just over half (56 percent) of employers reported that they were currently having difficulty filling vacancies in their organisation during the same period in 2017. In response, more than a quarter (28 percent) said that they are raising wages to tackle their recruitment difficulties. The report authors also suggest that offering staff more flexible work and collaborative spaces could help with recruitment and retention.

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London’s tech startups and SMEs shift focus from normal hotspots to migrate South of the river

London’s tech startups and SMEs shift focus from normal hotspots to migrate South of the river

Hubble, an office and coworking marketplace, has published new data which it claims shows that tech startups and other growing SMEs in London are leaving the capital’s best known tech hotspots, including Shoreditch and Soho, for south of the river.  Hubble’s search data suggests that London Bridge (29 percent of all searches) is the most popular location in London for companies searching for flexible office space in 2018 (a sharp rise from 3.7 percent of searches in 2017), beating Shoreditch with 27 percent of all searches. More than 37 percent of searches were for office space in south London, counting London Bridge and the Southbank (8.5 percent). Startups and SMEs are branching out to different creative “hub-spots” within London, but most prominently is an unprecedented shift to south of the river. Searches for London Bridge specifically make up 29 percent of all searches and the Southbank, as a whole, making up 37.5 percent of all search queries.

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Optimal workplace productivity gains could add £39.8 billion to British and Irish economies

Optimal workplace productivity gains could add £39.8 billion to British and Irish economies

The United Kingdom could reshape its economic future and unlock its share of £39.8 billion in untapped GDP if organisations were to ‘optimise their workplaces’, according to a new study by Ricoh and Oxford Economics, titled The Economy of People (registration required). The UK could achieve a 1.8 percent increase in GDP, equal to £36.8 billion, which could pay for the cost of Brexit twice with change to spare. Similarly, the Irish economy could expand by 1.0 percent, or £3 billion, if businesses commit to creating the optimal office. The findings from The Economy of People are based on forecasts of how productivity in various industries will improve, if investment in workplaces makes them optimal for those that work there and their employers. Surveys and interviews were conducted with employees and executives to uncover how workplace elements, such as culture, physical workspace and technology affect performance and productivity.

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Over half of employers expect to spend less time in traditional office space

Over half of employers expect to spend less time in traditional office space

Over half of employers expect to spend less time in traditional office spaceUsers of co-working and flexible space rapidly growing in numbers, according to a report, Marketplace for flexible work, from research conducted by (flexible workspace provider) The Instant Group and architects HLW. The report claims to ‘analyse’ the coworking and flexible workspace sector to gather a ‘360-degree perspective’ of the industry to determine where ‘perspectives align and diverge among stakeholders’.  The research also claims that location and the ability to assign or reassign employees to workspace on short notice were also important influencers when choosing flexible workspace over conventional office space. Looking forward, the research claims that more than half of the companies interviewed envisage spending less time working from a traditional company office space.