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RICS announces standards to tackle unfair commercial property service charges

RICS announces standards to tackle unfair commercial property service charges

by • Facilities management, Legal news, News, Property

RICS standards aim to tackle unfair commercial property service charges

New mandatory requirements that will ensure service charges to commercial tenants are transparent, upfront and fair, and that any costs incurred are in accordance with the terms of the occupational leases, have been announced by RICS. The Institute, which has long called for a fairer and more professional approach to property management to help outlaw “rogue” landlords and managing agents says ‘Service charges in commercial property’ will help regulate the activities of landlords and their agents, whilst protecting tenants from having to pay for unscrupulous repair or maintenance costs. It has worked with major property bodies representing owners, occupiers and managing agents – including BPF, BRC, BCO, PMA, CoreNet, REVO, PMA alongside ICAEW and Law Society, the professional bodies for accountants and lawyers – to produce the recommendations that reflect the needs and opinions of landlords and tenants and the specific considerations of different sectors.

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Half of all workplace tasks will be performed by machines within seven years

Half of all workplace tasks will be performed by machines within seven years

by • News, Technology

The world is going through a workplace revolution that will bring a seismic shift in the way humans work alongside machines and algorithms, according to new research by the World Economic Forum. By 2025 more than half of all current workplace tasks will be performed by machines as opposed to 29 percent today. Such a transformation will have a profound effect on the global labour force, however in terms of overall numbers of new jobs the outlook is positive, with 133 million new jobs expected to be created by 2022 compared to 75 million that will be displaced. The research, published in The Future of Jobs 2018, is an attempt to understand the potential of new technologies to disrupt and create jobs. It is also seeks to provide guidance on how to improve the quality and productivity of the current work being done by humans and how to prepare people for emerging roles.

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AI will be commonplace in the working lives of staff very soon

AI will be commonplace in the working lives of staff very soon

by • News, Technology

Experts at Henley Business School have announced that the majority of the graduate workforce in the UK will be working with artificial intelligence on a daily basis by 2030, with technology such as ‘AI assistants’ expected to be commonplace in the next decade. New research released at the Henley annual World of Work 2030 conference, claims that a third (35 percent) of UK workers are excited about the prospect of their own personal AI assistant. With the average worker currently spending 3.5 hours a week on admin tasks, assistants’ could give workers back 12 working days a year (over two working weeks) by taking on these activities and freeing up time for more productive tasks.

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A new era of technology could resolve UK low productivity at last

A new era of technology could resolve UK low productivity at last

by • News, Technology

A new McKinsey study sets out to address the reasons why the United Kingdom experiences chronically low productivity and what can be done to use technology to improve its performance. In the report, Solving the UK’s productivity puzzle in the digital age, the authors argue that “Britain stands out as one of the worst productivity performers among its peers”. They argue that there are four distinct reasons for the weakness since the economic crisis: “boom and bust” in the financial sector, the strength of employment growth, weak investment and uneven “digitisation”.  It claims that the UK is operating at only 17 per cent of its digitisation potential, indicating how much scope for improvement there is.

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Half of workers have experienced poor mental health in their current job

Half of workers have experienced poor mental health in their current job

by • News, Wellbeing

A new and major study into workplace wellbeing by the the charity Mind claims that poor mental health at work is widespread, with half (48 per cent) of all people surveyed saying they have experienced a mental health problem in their current job. The survey of more than 44,000 employees also revealed that only half of those who had experienced poor mental health had talked to their employer about it, suggesting that as many as one in four UK workers is struggling in silence. These findings are revealed as a new online Mental Health at Work ‘gateway’ is launched today by HRH the Duke of Cambridge. Mind, with support from The Royal Foundation, Heads Together and 11 other organisations, has created the UK-wide portal as a free resource for both employers and employees.

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Many UK freelancers feel lonely and isolated following leap to self-employment

Many UK freelancers feel lonely and isolated following leap to self-employment

by • Flexible working, News, Wellbeing

The solo self-employed are now a vital element of the UK economy, contributing around £271 billion to the government’s coffers in 2017, of which around £125–140 billion came from freelancers. But with some predicting that by 2020, half of the workforce will be freelancing, we need to take an objective look at the world of self-employment and tackle its challenges head-on, giving freelancers the tools and skills they need to work effectively — and happily.

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Younger workers risk missing out on career opportunities by shunning SMEs

Younger workers risk missing out on career opportunities by shunning SMEs

by • News, Workplace

Younger workers risk missing out on career opportunities by ignoring SMEsYoung people leaving education and looking for work may be missing out on potential employment opportunities by failing to consider Small and Medium Enterprises (SMEs) and the advantages they offer, new research from Santander UK claims. ‘Gen Z’ and Millennials do not believe SMEs offer the same job security or salary as large businesses, meaning just a third (35 percent) of young people leaving education in 2018 want to work for smaller employer, and an even smaller proportion, just one in six (18 percent), want to work for a start-up or micro business. The most popular career aspirations for Generation Z and Millennials are to work for a large firm (51 percent), the public sector (51 percent) or a global multinational (49 percent), because of a perceived lack of job security (56 percent). There is also the belief that SMEs offer a lower salary (46 percent) and fewer opportunities for progression than large companies (33 percent). Yet the majority (70 percent) of SMEs are actively recruiting for entry level roles, whether that be graduates (43 percent), further education leavers (36 percent) or school leavers (35 percent).

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Majority of employees see digital data as way of being snooped on by their boss

Majority of employees see digital data as way of being snooped on by their boss

by • AI, Facilities management, News, Technology, Wellbeing, Workplace

Majority of employees see digital data as way of being snooped on by their bossAs we recently reported, facilities management is more data driven than ever, with the use of data analytics being used to measure costs and performance. This is why the increasingly sophisticated ways in which workplaces can be monitored; from the footfall in the washrooms to the level of desk usage has been welcomed by employers, but a new survey suggests digital data gathering is making staff feel uneasy. A new report published today by the TUC looks at the phenomenon from the perspective of workers’ experiences and found that 6 in 10 workers fear that greater workplace surveillance through technology will fuel distrust. The study reveals that most UK workers (56 percent) believe they are currently monitored by their boss at work and worry that this ‘surveillance data’ will be used by bosses to set unfair targets, micromanage them and take away control and autonomy.

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Government launches challenge to shape future transportation strategies

Government launches challenge to shape future transportation strategies

by • Cities, Flexible working, News, Technology

The UK government has begun work on its Future of Mobility Grand Challenge. First announced in May, the government believes the initiative has the potential to make the UK a world leader in strategies for moving people and goods. The announcement includes two calls for evidence, the first focused on improving first mile/last mile transportation connections, with a focus on electric vehicles and microtransit. The second addresses the more general issue of new technology and trends for urban transport. The government also claims the move will address changes in working cultures including lower levels of commuting and flexible working.

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New analysis sets out to define fastest growing sectors in London in 2018

New analysis sets out to define fastest growing sectors in London in 2018

by • News, Property

A new analysis from Instant Offices sets out to identify the largest business sectors driving London’s economy. It claims that the three most prominent are information and communication, financial and insurance, and professional, scientific and technical services. The UK Business Register and Employment Survey (BRES) showed distinct trends in growth for specific sectors, in London and in the UK as a whole.

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Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

Shortage of tech skills and 600,000 job vacancies costing UK economy £63 billion a year

by • News, Technology, Workplace

An estimated 600,000 vacancies in digital technology are costing the country £63 billion a year, according to information provided by techUK in a report on skills shortages published by the Edge Foundation.The second of the education charity’s bulletins on the UK’s skills shortages, shines a spotlight on the tech industry and the devastating economic impact of the government’s failure to encourage young people to study relevant subjects and upskill existing workers. The bulletin, Skills Shortages in the UK Economy, brings together the most current statistics and analysis of skills shortages in the UK which cost the economy £6.3 billion each year in direct costs such as recruitment and temporarily filling gaps, according to the Open University’s 2018 Business Barometer.

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RICS and IFMA launch Procurement of Facilities Management statement to address “race to the bottom”

RICS and IFMA launch Procurement of Facilities Management statement to address “race to the bottom”

by • Facilities management, News, Property

The Royal Institute of Chartered Surveyors (RICS) has today launched its first professional statement to ‘reduce risk, increase transparency and further trust’ in procurement in facilities management. The RICS Procurement of facility management, RICS professional statement, UK 1st edition, was worked on in collaboration with IMFA, and also the Chartered Institute of Purchasing and Supply (CIPS). RICS says it will be looking to make this a global professional statement in due course. All RICS regulated professionals (mandatory from the 1 October 2018) will be expected to follow this guidance, but according to RICS, adoption of the framework would be competitively beneficial for all property professionals involved in the procurement of FM services, including those acting for landlords and occupiers, FM suppliers procuring services from sub-contractors and investors and public and private occupier organisations.

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