New report identifies the ten key trends set to transform US commercial property

According to a new report from Deloitte, the recent upturn in the US commercial real estate sector is set to continue unabated into next year. Which is great news but according to the property consultancy, the market that emerges from the ashes of the downturn will be very different to the one from which they were formed. Deloitte’s 15^th annual Commercial Real Estate Outlook report has identified what it considers the top ten trends that will reshape the emerging market based on a mixture of original research, subjective insights and the firm’s experience with clients. These trends are dominated by structural and financial issues and the only nods towards external socio-economic factors are mentions for the aging workforce within the market (so much for the transformational potential of GenY) and increases in single family households (can’t see the link with commercial property).

July 3, 2013

Hours and pay are not key factors for work-life balance finds survey

by Sara Bean • Flexible working, News, Workplace

The key to a better work-life balance is not simply to work shorter hours or earn more money and working shorter hours does not necessarily make people happier. According to a new survey by recruiter Randstad those in the South East and Yorkshire & The Humber are most happy with their work-life balance, with 64 per cent saying they are content, despite those in the South East having one of the longest average working weeks in the UK. The survey also found that those working in property and construction (88%) were amongst the happiest with their work-life balance, coming third after the utilities and insurance sectors. Those least happy with their work-life balance were the East of England (51 per cent) and South West (55 per cent) – yet those in the South West have a shorter average working week than most of the UK. More →

June 17, 2013

Sickness absence rates stall, despite employer and government efforts

by Sara Bean • Knowledge, Legal news, News, Workplace

Progress in reducing sickness absence has stalled in the UK, despite a growing number of companies initiating return to work interviews, line manager training, setting stretching absence targets and providing employees with occupational health and wellness initiatives. The 2013 EEF/Westfield Health Sickness Absence survey, found that longer-term sickness absence is increasing (40 per cent) rather than decreasing (24 per cent) and that employers have lost faith the government’s flagship ‘fit note’ programme is getting people back to work. The three most popular health and well-being employee benefits are health screening/health checks (56 per cent), access to counselling or employee assistance programmes (EAPs) (54 per cent) and subsidised private medical insurance (40 per cent). More →