March 12, 2019
Offices buck downward trend for UK commercial property market
Capital values across UK Commercial property fell by -0.3 percent in February 2019, according to the latest CBRE Monthly Index. Rental values fell by -0.1 percent and total returns were 0.2 percent. However, for the thirteenth consecutive month the Office sector recorded positive capital values, rental values and total returns. February 2019 recorded capital value growth of 0.1 percent and total returns of 0.5 percent. Rental values increased marginally by 0.1 percent. West End & Midtown offices were the only submarket to record a fall in capital values (-0.1 percent). Outside of London, UK offices pulled up the sector average with capital value growth of 0.2 percent in February.
The recruitment and retention of manual and elementary service workers has become a significant challenge for UK employers, claims a new study. The research by Quinyx in collaboration with Development Economics and Censuswide, found that factors such as low pay and a lack of flexibility are key issue, resulting in nearly half (49 percent) of UK employers finding it difficult to recruit these workers, and the same percentage reporting challenges around retention. Issues with recruitment and retention were discovered to be most acute in industries such as hospitality, catering & leisure and retail. In addition, larger businesses (those with a workforce of 250 to 500) are more likely to face challenges compared to smaller-sized businesses. Regionally, businesses in London and the East of England are most likely to struggle to recruit workers into manual or elementary service roles. The findings come at a time when UK employers are expressing growing concern around access to manual and elementary service workers post-Brexit.
The government is being encouraged to implement mandatory ethnicity pay gap reporting when it announces the outcome of its ‘
Although the majority (85 percent) of all business decision-makers agree that workplace health is a top priority, employees still aren’t being as open as they should, often playing down their illness or injury (32 percent) or feeling too busy to miss office hours (27 percent), a new survey by Bupa and Babylon Health has claimed. Worry over missing work is a key driver in avoiding appointments as seven in 10 employees (70%) have delayed or put off seeking medical advice when they should, despite the majority of business leaders having no issue with colleagues taking time off to deal with health issues. Men, young workers (18-34), Londoners and those employed in SMEs are all more likely than average to delay or put off seeking help. The data also shows that those in manual roles (vs. clerical) are more likely to shrug off illness or injury. Mark Allan, Commercial Director, Bupa UK, said: “As much as those in decision-making positions really want their employees to put their health first, they’re competing against a strong resistance from those who will strive to soldier on. This is particularly the case with those employees in SME businesses, amongst others.”
March 4, 2019
Filtering out the noise, the pathology of work, busy doin muffin and some other stuff
by Mark Eltringham • Comment, Features
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