Search Results for: opportunities

Resistance to workplace change marks the passing of the old order

ChangeWhen Vodafone announced in March that the UK’s businesses could save up to £34 billion with the more widespread application of flexible working models, the research to support the claim had two very familiar components. The first was a crystal clear business case, the second an admission that the message was still not quite getting through to those at the top. In fact, Vodafone claimed, around two-thirds of business leaders continue to insist their business can’t afford to reduce the number of workstations they use despite all evidence to the contrary. A third haven’t even considered the idea of reducing the number of workstations they use as a way of cutting costs.

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New survey reveals risks of cutting costs in corporate real estate

JLL ReportA new report from Jones Lang LaSalle claims to highlight how those firms who see their property as a driver of added value rather than a cost reap rewards in the form of higher revenue, employee performance and shareholder returns. In contrast, those firms who view their facilities as a cost and seek to reduce those costs for short term gain are, in fact, storing up long term problems and risks. JLL’s report – Global Corporate Real Estate Trends – claims to reveal the top five corporate real estate risks, including negative impacts on competitive advantage and profitability from cost cutting, procurement processes, lack of collaboration between functions and failure to drive productivity.

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Global dissatisfaction with work life balance on the rise

Report finds increasing dissatisfaction with work-life balance

More than one in four employees (27 per cent) at organizations that are not perceived to support work-life balance plan to leave their companies within the next two years, according to new research from Hay Group. At the same time, work-life balance concerns across the globe are on the rise, with 39 per cent of employees indicating that they did not have a “good balance” between work and personal life, compared to only 32 per cent who reported the same in 2011. “Organizations across the globe continue to ask their employees to ‘do more with less’, leading to increasing dissatisfaction with work-life balance,” said Mark Royal, senior principal at Hay Group Insight.

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Flexibility not finance motivates Generation Y workers

Gen-Y view work as a thing rather than a place that requires a traditional nine to five routine,

Millennial or Generation Y workers are not the bunch of entitled youths we’ve been led to believe. Those born between 1980 and 1995 say they would choose workplace flexibility, work/life balance and the opportunity for overseas assignments over financial rewards. PwC’s NexGen survey reveals that millennials view work as a thing rather than a place that requires a traditional nine to five routine, so are more likely to stay in a job if they feel supported and appreciated, are part of a cohesive team and have greater flexibility over where and how much they work. This contrasts with the non-millennial generation, who place greater importance on pay and development opportunities.

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Female-friendly employers named as progress of women in boardrooms stalls

Top 50 Employers for Women named

In an interview this week on BBC’s Newsnight, Facebook’s CFO Sheryl Sandberg, revealed how she’d come to notice a growing gender imbalance as she moved up the corporate ladder. As her new book Lean in, points out, 30 years after women became 50 per cent of the college graduates in the United States, men still hold the vast majority of leadership positions. This is just one of many reasons why the publication this week of the Times Top 50 Employers for Women list of the UK organisations that are leading the way in gender equality in the workplace is to be welcomed.

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Older workers remain untapped resource for employers

DRA

Employers who ignore Britain’s growing population of older workers could suffer skills shortages and lose an important competitive edge, warns a new government guide. “Employing older workers”, published by the Department for Work and Pensions, warns that Britain is running out of workers. There are 13.5 million job vacancies which need to be filled over the next ten years, but only seven million young people are projected to leave school and college over that time. Yet despite a predicted surge in numbers of employees over 50, employers remain reluctant to recruit older people.

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UK employers gain confidence to start recruitment of new staff

UK employers hiring intentions rise

UK businesses are slowly gaining confidence in hiring new staff this year and the majority of employers (79 per cent) don’t plan any job losses. This is according to the Barclays Job Creation Survey 2013 which found that while the proportion of larger employers that plan to create jobs this year has fallen to 65 per cent from 72 per cent in 2012, mid-sized businesses hiring intentions are up to 71 per cent from 65 per cent. The majority of those employers who do intend to hire remain cautious however, with 73 per cent planning to have sales growth lead to job creation as opposed to job creation creating sales (2012: 77 per cent).

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One St Paul’s offices attracts “new type” of City tenant

One St Paul's

A marketing campaign aimed at attracting non-traditional City occupiers appears to have paid off, with the entire 60,000 sqft office element of One St Paul’s in the City of London being let to a single tenant. Genesis Oil and Gas Consultants Ltd has agreed a 15-year lease for all six storeys of bespoke office space, and will  take possession upon handover of the building works during the summer of 2013, with the aim of moving its headquarters in the autumn. The deal marks the culmination of AXA Real Estate’s reworking of the property as a major mixed-use redevelopment scheme.

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Employers want default retirement age back finds survey

DRA

Nearly half (47 per cent) of employers surveyed by global law firm Eversheds would like the Default Retirement Age (DRA) reinstated. Two years ago, on 6 April 2011, the Government changed the law to start phasing out the DRA. While the overwhelming majority (97 per cent) say their organisation no longer operates a mandatory retirement age, many report that the change in the law has had negative effects for their organisation: two-thirds cited difficulties in succession planning whilst just under half reported that opportunities were being blocked for younger workers. More →

UK commercial property investors shift focus to the regions

Leeds skylineInvestors in the commercial office market are increasingly being drawn towards the UK regions, according to a new report by Deloitte Real Estate. The UK Key Cities publication explores the trend that regional offices are emerging as a focus for savvy investors seeking higher returns. At the same time, individual cities are recognising the need to stand apart from competing locations and bridge the gap between themselves and London. These cities are being bolstered by factors such as improved connectivity through large planned infrastructure projects, devolution of power, and investment into the retail and leisure markets.

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Muted response from built environment sector to Budget 2013

BudgetThere’s been a muted reaction by the building and construction sector to the Budget announcement of a boast to infrastructure investment and relief that revised energy management regulations are likely to be pushed through. CIBSE has welcomed the news that the Government will be giving a detailed response to last year’s Consultation on changes to Part L of the Building Regulations, which covers energy efficiency, by May 2013. The body which represents building services engineers had raised concerns that delays in changes to Part L of Building Regulations in England should not hold up much needed, cost beneficial changes to Part L for the non-domestic market.

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Japan’s Toyo Ito wins 2013 Pritzker Architecture Prize

Toyo ItoThe 2013 Pritzker Architecture Prize, considered architecture’s highest accolade is to go to Toyo Ito, a 71 year old Japanese architect whose work includes the Sendai Mediatheque library in Sendai City, Japan, which withstood the 2011 earthquake, Tokyo’s Tama Art University Library, and London’s 2002 Serpentine Gallery Pavilion. Ito, whose architectural practice is based in Tokyo, said of the award: “Architecture is bound by various social constraints. I have been designing architecture bearing in mind that it would be possible to realize more comfortable spaces if we are freed from all the restrictions even for a little bit.”

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