Search Results for: management

June 1, 2016

Financial sector is rationalising real estate to remain in London ⁰

by Sara Bean • Cities, Facilities management, Property

A relentless drive to cut costs is forcing financial services occupiers to focus on reducing real estate costs and adopting strategies to use their space more efficiently in Central London. According to research from CBRE there has been an ongoing move by big banks to relocate non-core functions outside of Central London, as seen in HSBC’s decision to move 1,000 head office staff from London to Birmingham. However despite the inherent challenges, banks continue to cite client needs, recruitment, profile and presence as key reasons to keep office space in the Capital. This is reflected in last year’s leasing figures with banking and finance occupiers leasing 3.2m sq ft, 4.9 percent above the 10-year average. There are a variety of compromises companies may make as part of rationalisation strategies to maintain their position in London. Consolidation is an ongoing trend. But it is not a one size fits all approach.

May 25, 2016

An out of hours email ban and why we all need the ‘right to disconnect’ ⁰

by Adrian Lewis • Comment, Flexible working, Legal news, Work&Place, Workplace

The recent announcement from President Francois Hollande’s Socialist Party that they plan to give French employees the “right to disconnect” by pushing through measures for an email ban out of hours has been the subject of great debate. Although many commentators have argued the need for employers to encourage people to ‘switch off’ when they aren’t in work, to date there have been no legal guidelines on this specific issue, despite several negative reports about modern technology blurring the boundaries between home and work, which some claim is creating a stress epidemic. In the UK, the Working Time Regulations specify that no worker should work more than 48 hours per week. However, there has been no case law as to whether or not checking work emails outside working hours would fall within this limit – and many UK staff check and respond to work emails outside work hours, even on holidays.

May 21, 2016

Flexible working babble + Tall buildings + Engaging workplace design ⁰

by Sara Bean • Facilities management, Flexible working, Newsletter, Property, Technology, Work&Place, Workplace

In this week’s Newsletter; Matias Rodsevich suggests three performance management must haves; Neil Barnfather flags up a lack of disabled representation at board level; and Dr Daniel Wheatley says work-life balance and flexible working continue to be viewed as a ‘women’s issue’. From the latest issue of Work&Place, Serena Borghero looks at the role of workplace design in employee engagement; Mark Eltringham argues there’s no evolution towards a universally accepted model of workplace design and management culture; and that when it comes to skyscrapers, big and clever are two different things. There’s evidence that London’s Central office market has hit its peak; the British public remains ‘clueless or indifferent’ about the nature of smart cities; and we reveal that graduates prefer digitised workplaces. You can download our Insight Briefing, produced in partnership with Connection, on the boundless office; visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

May 20, 2016

It isn’t easy to grow big when being small makes you more innovative ⁰

by Matias Rodsevich • Comment, Technology, Workplace, Workplace design

Today one of the key challenges most companies face is being able to scale rapidly while still keeping the innovative edge. Startups have less decision-makers making it easier to take the risks needed to remain as innovative. As these companies grow, they often experience a downturn in innovation as management rises. In fact, many larger corporations are now attempting to harvest the success of startups by creating small internal companies. This begs the question do you have to stay small to be innovative? According to the Economist’s study on organizational agility, the main obstacles to improved responsiveness are slow decision-making, conflicting departmental goals and priorities, risk-averse cultures and silo-based information. This isn’t a problem that faces a select number of companies. A survey by McKinsey&Company found that 94 percent of managers are unhappy with their company’s innovation performance.

May 19, 2016

Where is the data for disability on boards – and do businesses care? ⁰

by Neil Barnfather • Comment, Legal news, Workplace

When it comes to diversity on boards, I would confidently say that disability comes in a poor fourth behind gender, age and ethnicity. It’s something I take a great interest in as a blind person, a senior executive who sits on boards and as a start-up champion. While acknowledging a limited perspective, over the years I have noted a lack of disabled representation at board level and when I joined the NonExecutiveDirectors.com recruitment platform, we had a conversation about this. The result was that the organisation and its partners decided to commission some research into the issue. The research involved the Office of National Statistics, EU Equality and Diversity Commission, Department of Business Innovation and Skills, leading academic experts in disability, in social policy and in work and employment, Trade Union Congress (TUC), business surveys, policy documents and more.

May 17, 2016

Employers need to step up to retain older workers and carers, claims CIPD ⁰

by Mark Eltringham • Flexible working, News, Wellbeing, Workplace

With people living longer and fewer young people entering the labour market, Europe’s employers are increasingly reliant on the skills and talents of older workers. However, the ageing population also means that there will be around nine million carers in the UK by 2037, many of whom will be trying to juggle care and employment, according to new research released by the CIPD. It claims that, although the UK’s policy framework for supporting older workers and creating fuller working lives is well-developed in comparison to other European countries, there is a crucial need to turn this thinking into practical action to avoid losing the skills and experience of employees who choose to work beyond retirement. With around 30 percent of the UK workforce currently over 50 compared to 20 percent in the 1990s, the CIPD is urging employers to put the tools and culture in place to support older workers as they represent and increasingly significant proportion of the labour market.

May 16, 2016

Women (and men) don’t enjoy the full wellbeing benefits of flexible working ⁰

by Dr Daniel Wheatley • Comment, Flexible working, Wellbeing

There has been significant expansion of flexible working arrangements (FWAs) in the last two decades, driven to some degree by the work-life balance agenda. However, in practice work-life balance and flexible working continue to be viewed as a ‘women’s issue’, as women more often reduce hours or work part-time. But recent research conducted by my own department suggests that women working flexibly are not experiencing the potential wellbeing benefits when compared to men. Flexible working arrangements include part-time, flexi-time, job share and homeworking. Part-time accounts for approximately 40 percent of female employment and is the most common FWA used by women. Term-time working is also used predominantly by women, reflecting the typical gender roles regarding caring for school-aged children. Meanwhile, flexi-time remains the most common arrangement used by men, at around 19 percent.

May 16, 2016

Major survey aims to change approach to mental health at work ⁰

by Sara Bean • News, Wellbeing, Workplace

To mark the first day of Mental Health Awareness Week, (16-22 May 2016) the most comprehensive survey on workplace mental wellbeing has been announced. The National Employee Mental Wellbeing Survey is designed to herald a step change in how businesses approach mental health in the workplace. Mental ill health is the leading cause of sickness absence in the UK and is on the increase. 15.2 million days of sickness absence in 2013 were caused by everyday conditions such as stress anxiety or depression – a dramatic increase from 11.8 million days in 2010. Business in the Community which is launching the survey with support from Mind, CIPD, the Institute of Leadership and Management, The Work Foundation, Maudsley Learning at Work and Mental Health First Aid; aims to use the results to help identify solutions to improve mental health at work. A new interactive toolkit to help employers take positive actions to build a culture that champions good mental health also being launched today.

May 12, 2016

Making sense of the relentless babble about flexible working

by Mark Eltringham • Comment, Facilities management, Flexible working, Workplace design

Not a day goes by when some organisation or other isn’t found extolling the virtues of flexible working or urging everybody to adopt the practice. While it’s easy to be cynical about the results of surveys from technology companies which are a staple part of this media onslaught, they are actually on to something. And that is why governments, employers and their associations and employees are all attracted to the idea of flexible working as a way of achieving whatever it is they want. The result is the stew of motivations, ideas and terminology that can lead commentators to make grand and daft pronouncements about flexible working; pronouncing it dead, most famously in the case of Yahoo but more subtly in the case of the grand new Xanadus being created in Silicon Valley by the area’s Charles Foster Kanes, or as the harbinger of death for the office based on the notion that somehow we’ll all be working in exactly the same way at some point in the future.

May 11, 2016

Central London office activity slows as EU uncertainty hits market ⁰

by Sara Bean • Cities, Facilities management, News, Property

Given the level of uncertainty around June’s Referendum on the UK’s membership of the EU, the £11.9bn invested into commercial real estate during the first three months of 2016 appeared robust. However, 50 percent of Q1’s volume was in January, with the data from Lambert Smith Hampton showing that activity tapered off significantly in the following two months. Anecdotal evidence clearly linked the slowdown directly to the approaching vote. As a result there was a significant fall in activity, which translated into a very quiet quarter for Central London Offices, where volume halved quarter-on-quarter to £2.2bn, the lowest quarterly total since the last part of 2011. Given that financial services is widely regarded as the most exposed sector to a possible ‘Brexit’, this sector appears to have suffered most from investor caution.In marked contrast, investment in the rest of UK Offices has remained buoyant at £1.4bn, the highest quarterly total since the middle of 2007.

May 9, 2016

Women not reaping full wellbeing benefits of flexible working ⁰

by Sara Bean • Flexible working, News, Wellbeing, Workplace

Working flexible hours is associated with lower job satisfaction among women, but greater satisfaction among men, a new study claims. The research explores the impact of flexible working on job, leisure and life satisfaction and suggests that women are not experiencing the full benefits. According to Dr Daniel Wheatley, lecturer in Economics at Nottingham Business School, Nottingham Trent University; the research suggests that while flexible working generates a number of benefits, working part-time or reduced hours has significant negative impacts on job satisfaction. He explains: “While some women are able to use reduced hours optimally, such as those working part-time following maternity leave, those using reduced hours for lengthier periods because of commitments such as childcare may feel trapped in ‘restrictive’ flexible employment. They may only be able to gain low skilled employment and may experience limitations in career progression.”

May 9, 2016

Public neither knows nor cares about the coming era of smart cities ⁰

by Mark Eltringham • Cities, News, Technology

The smart city is the poster child for the new era of immersive digital living, but the British public remains ‘clueless or indifferent’ about the nature of smart cities and what they will mean for their lives, according to a new report entitled: Smart Cities – Time to involve the people published by the Institution of Engineering and Technology. The report claims that only 18 per cent of the British public has heard of a ‘smart city’ and many are unaware that city-wide technologies could improve the quality of life in urban areas. One third of respondents were unable to select the correct definition of a smart city from a list of options. Eight per cent of respondents opted for “a city that has a higher than average proportion of universities and colleges and aims to attract the most intellectual”. And a further five per cent saw it as “a city that has a strict cleaning regime for its buildings, roads and public places”.