November 28, 2022

Lease cycle means West End office market will ‘reset’ by 2025

A BNP Paribas Real Estate analysis claims that London’s West End office market is on course to ‘reset’ by 2025 following a major leasing event cycle commencing in 2023, which will see a flurry of renewals, expiries and break clauses executed by both landlord and tenant, which will alter the market as we know it by the milestone year. According to the firm’s own West End data, 40 percent of the market will have a lease event in 2023 and 2024, with equally large volumes to follow in the two subsequent years. This freedom of tenant movement coupled with a restricted supply line, could drive rents on prime buildings from their current 2022 position of £140 sq ft to £200 sq ft in 2023 and £250 sq ft in 2024, and further into 2025 where the initial cycle ends. (more…)

November 23, 2022

Firms should focus on people in the drive for long term growth

by Neil Franklin • News, Wellbeing, Workplace

A new report by Economist Impact, sponsored by Kyocera Document Solutions, claims that human-centric strategies are needed for businesses to drive sustainable business growth, focusing on three pillars: productivity and infrastructure, employee engagement and culture. The Magnetic Workplace Barometer claims to gauge confidence both today and in five years’ time across what the report terms the three main pillars of productivity and infrastructure; employee engagement; and culture. The barometer scores are scaled from 1 to 7, 7 being the most confident. (more…)

November 20, 2022

Workplaces are plagued by classism, report claims

by Neil Franklin • Business, News, Workplace

A new poll claims to highlight the need to tackle classism at work, with 57 percent of employees witnessing discrimination or a lack of inclusivity in the last year alone. A third of UK employees say classism is active in their workplace, according to the 2022 Diversity & Inclusion in the Workplace Report from Wildgoose. The report is based on a survey of employees from 133 UK workplaces. It asked if their workplace is an inclusive environment, what areas of diversity their organisation could improve upon, and whether they have experienced discrimination or inequality in the workplace. (more…)

November 15, 2022

The four day week and a case of less is more

by Sara Bean • Features, Flexible working, Premium Content

When a pilot programme for a four day week was announced in the UK early in the New Year, #4dayweek trended for days on twitter, with jokey comments on how employees taking part in the trial should do everything not to ‘f*** it up for the rest of us.’ But behind the humour there’s a real issue with productivity in the UK. Recent Office for National Statistics reveals that while productivity grew across all G7 countries during the pandemic, the UK experienced the largest falls in GDP growth and an increase in the number of hours worked. (more…)

November 14, 2022

Major new report offers snapshot of hybrid and remote work debate in the US

by Neil Franklin • Flexible working, News

Owl Labs and Global Workplace Analytics have just released their sixth annual State of Remote Work report. Based on a survey of over 2,300 full-time workers across the United States, the report reveals the latest trends and perspectives on a range of issues from remote work and hybrid work, trust, intent to move, training offered, workplace redesign, intent and reasons for quitting, technology needs, employee surveillance, the 4-day workweek, and more.

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November 11, 2022

Problems at Twitter, grease proof chairs, and the trouble with AI

by Mark Eltringham • Comment, Flexible working, Technology, Workplace design

The level of layoffs at several Big Tech firms has been the main source of news and comment over the past week or two. Around 11,000 people at Facebook and another 7,500 at Twitter are to be made redundant. Elon Musk then ensured the conversation moved on by forbidding remote work completely. (more…)

November 8, 2022

Hybrid working driving demand for areas with easier commutes

by Neil Franklin • Flexible working, News, Property, Workplace design

A report from Unispace claims that employees’ new preference for hybrid working has created an immediate need for firms to re-think their real estate footprint. Today, with over 60 percent of office-based employees preferring to work remotely or in a more flexible way, rather than commute to city centres five days a week, employers are considering the greater use or addition of satellite offices to their portfolio. According to the study of 3,000 office workers across Europe, 79 percent of the workforce would be happier to return to the office if it was just five to 10 minutes away from their home, suggesting that satellite offices could be a solution to boost collaboration, socialisation, engagement and staff retention. (more…)

November 3, 2022

Are digital skills the key to a happier, more productive workforce?

by Katy Liddell • Comment, Technology, Workplace

The rising cost-of-living is impacting life and work in all four corners of the UK. Research from BCC has found that businesses feel compelled to increase their own prices. With costs rising, businesses are facing growing pressures. Not least the need to attract and retain the talent they can depend on to deliver. Research has shown that taking time to upskill current employees, especially in terms of their digital skills, benefits both productivity and engagement at all levels of an organisation. Our own Tech and Battle for Talent report recognises that 42 percent of employees in organisations across the UK would be more likely to stay in their current role if employers provided regular and intensive training, while 47 percent would be happier. (more…)

November 3, 2022

Younger workers turn to friends rather than colleagues for career advice

by Jayne Smith • News, Workplace

A new poll from Right Management, claims that British office workers aged 18-24 years are much more likely to turn to friends in similar jobs for career advice, than to seek guidance from their immediate manager or any other colleagues (older or younger) in their team. After two years of remote and hybrid working impacting on office life, younger workers who need career guidance are more likely (38.1 percent) to turn to their friends in similar jobs for advice, whereas all other working age groups (those aged 25+) prioritise getting their career advice directly from their immediate manager. (more…)

November 3, 2022

WELL certification may boost occupant satisfaction, perceived wellbeing and productivity

by Freddie Steele • Company news, Environment, Wellbeing

A new study claims that WELL certification appears to boost levels of satisfaction and perceptions of health, wellbeing and productivity in people. The study claims to show an increase in occupant satisfaction by nearly 30 percent, as well as occupant perceived well-being scores by 26 percent, mental health by 10 percent and productivity by 10 median points in WELL Certified buildings. (more…)

October 20, 2022

The rotting one hit wonders of the workplace

by Mark Eltringham • Comment, Flexible working, Wellbeing

On the 8 December, you’ll be able to get your hands on a new book called Out of the Blue: The inside story of Liz Truss and her explosive rise to power. Or not. At the time of writing, its publication still seems to be going ahead, but I’m not even sure this introduction will be current by the time I press ‘publish’ so I wouldn’t bet on it. I imagine the publishers of the book haven’t given the green light to the printers just yet but nothing a change of title, a hasty rewrite and few extra chapters can’t fix. (more…)

October 19, 2022

Remote workers can find it hard to switch off. There’s now an app for that

by Anthony Thompson • Comment, Flexible working, Wellbeing

The last few years have seen our approach to work change dramatically. Technology has helped to unlock whole new ways of communicating and interacting, providing the flexibility for employees to work in a way that suits them best and creating a large number of remote workers for the first time. Even before the Covid-19 pandemic hit, this switch was on the cards. From an employer perspective, digital tools can allow for communication across the world, opening up access to a whole host of talent and wider consumer exposure. (more…)