Search Results for: people

Commercial property owners not keeping up with changing needs of tenants

Commercial property owners not keeping up with changing needs of tenants 0

NewcastleA new study from Northumbria University, sponsored by serviced office provider Citibase, claims that the owners of commercial property in the UK stand to lose out on £4.8 billion over the next decade because they are failing to adapt to the changing needs of tenants for more agile spaces. The study claims that property owners in 27 towns and cities in England, Wales and Scotland are already missing out on £325 million annually and paying out another £170 million on holding cost and there are stark differences between the prime and secondary office sectors. The report, Taking Stock: Secondary opportunities and the agile future, claims that out of all total empty stock calculated, only 10 percent of vacant office space is prime, the other 90 percent is secondary. The secondary sector currently has an estimated 26.4m sq ft of office space vacant compared to just 3m sq ft of empty stock in the prime market.

More →

Almost half of UK employees plan to change jobs within three years

Almost half of UK employees plan to change jobs within three years 0

Nearly half of UK employees plan to change jobsUK employees are among the least loyal in Europe, according to new research by ADP, with nearly half of UK workers (47 percent) planning to change jobs within three years, compared to a third (34 percent) in the rest of Europe. Just 17 percent want to spend the rest of their career in their present organisation, whilst 40 percent of German workers see this as an option. The job market is now becoming more competitive as employees are looking for opportunities outside their home country. However, attitudes towards foreign talent are generally positive with 69 percent of UK employees who don’t see foreign talent as a threat. Even though companies may benefit from a global talent pool, losing local workforce is causing a headache for some countries. Employees in Spain (49 percent), Italy (47 percent), and Poland (39 percent) are particularly concerned about a talent drain to other countries.

More →

Third of professionals worry about weight gain from home working

Third of professionals worry about weight gain from home working 0

Weight-worriesRemote working is on the rise; 45 percent of UK workers are now based outside of their main office for more than half the week. But working from home could contribute to an expanding waistline, as a third (32 percent) of the UK’s business professionals admit that they fear getting fat due to the temptation to snack more when working from home compared to working in an office environment. The research by Regus canvassed the opinions of more than 4,000 business people across the UK. The findings suggest that the solitude associated with working at home, coupled with ready accessibility to fridge, cupboard and larder, leads to more munching during the 9-5. Said Richard Morris, UK CEO, Regus: “Working from home makes it easy to reach for a doughnut whilst still in your pyjamas. This look is not so popular in a workspace surrounded by professional peers.”

Firms use workplace improvements to invest in their human capital

Firms use workplace improvements to invest in their human capital 0

peopleA survey by CoreNet Global and Cushman & Wakefield claims that 88 percent of EMEA corporate real estate professionals are actively investing in workplace improvements, and 95 percent are addressing workplace technology as part of those upgrades. The results emphasise the importance of human capital, suggesting that factors such as office environment, flexible working and company culture continue to be seen as critical to attracting and retaining talent. The global Talent Agenda Survey, completed by 250 respondents, addresses how occupiers are managing their talent pool against an ever-changing and unpredictable business environment. The survey focused on categories such as the cost of human capital and its value; the key challenges relating to talent access, assembly and retention and the critical role that real estate plays in workplace innovation, efficiency and talent retention.

More →

HSE publishes latest report on workplace ill health and injuries

HSE publishes latest report on workplace ill health and injuries 0

Quarter of the UK workforce report they're suffering long-term ill healthThe Health and Safety Executive has released its latest statistics on work related illnesses, injuries and death in UK workplaces. The main takeaway from the data appears to be that after more than a decade of substantial falls across a spectrum of conditions and injuries, there are signs that numbers are starting to stabilise. According to the data for 2014/15, more than a million UK workers were made ill by their work during the year, losing some 27.3 million days and costing the economy £14.3 billion. This represents a fall of over 30 percent since 2002. Most absence is now down to stress, depression, anxiety (collated as a single issue for this particular report) and musculoskeletal disorders. These two groupings account for 9.9 and 9.5 million days off work respectively. The average days lost per case for stress, depression or anxiety (23 days) is higher than for musculoskeletal disorders (17 days).

More →

UK firms turn to flexible working and wellbeing to bridge productivity gap

UK firms turn to flexible working and wellbeing to bridge productivity gap 0

flexible working womanIt’s not just larger organisations and governments that are having to grapple with the UK’s persistent ‘productivity puzzle’ but also smaller businesses who are increasingly turning to flexible working and other people centric initiatives to address the problem. That is one of the main findings of a new report from trade association Group Risk Development (GRiD).  According to their survey, nearly a quarter of employers (23 percent) believe productivity is an issue facing their business.  According to the office for National Statistics (ONS) this is a common problem across the entire UK economy as output per hour is stubbornly around 20 percent below the average for all G7 economies. This is the widest gap ever recorded and, according to GRiD is driving employers to seek ways of addressing their own shortfall with flexible working and wellbeing initiatives as well as investment in new equipment and technology.

More →

What Shakespeare’s Henry V can teach us about flexible working

What Shakespeare’s Henry V can teach us about flexible working

Why are so many of us preoccupied with the status that having an office brings? They say it’s lonely at the top. Well, that loneliness often starts with the social exclusion of being in an office. Why would you not want to be in with the in-crowd, to be with your own team of people and the go-getters who are making a difference to your organisation? Why not be where the action is at the working coalface of your organisation? Stuck in your office, you can feel like a kid in the corner of the playground, wondering what the others are whispering about. Some of us want an office because we believe it shows our peers that we have made it; that we have reached the upper echelons of our corporate management structure and become an acknowledged achiever. We want an office so that we can preen to others, but that doesn’t automatically make for better managers, leaders or companies.

More →

Study links green building design to higher cognitive performance

Study links green building design to higher cognitive performance 0

Green building

People who work in well-ventilated offices with below-average levels of indoor pollutants and carbon dioxide have significantly higher cognitive functioning scores in crucial areas such as responding to a crisis or developing strategy than those who work in offices with typical levels. That is the headline finding of a new study from the Harvard T.H. Chan School of Public Health’s Center for Health and the Global Environment, SUNY Upstate Medical University, and Syracuse University published this week in the journal Environmental Health Perspectives.The researchers looked at people’s experiences in “green” vs. “non-green” buildings in a double-blind study. The findings suggest that the indoor environments in which many people work daily could be adversely affecting cognitive function-and that, conversely, improved air quality could greatly increase the cognitive function performance of workers.

More →

UK’s digital leaders set to deliver £92 billion boost to economy

UK’s digital leaders set to deliver £92 billion boost to economy 0

DigitalA new report from Virgin Media Business and Oxford Economics claims that the UK’s ‘Digital Leaders’ are set to use digital technology deliver a massive boost to the UK economy in the very near future. The study of 1,000 companies employing 470,000 people claims that the UK economy could see an increase of 2.5 percent in GDP (£92 billion) and create more than a million new jobs over the next two years. According to the respondents, they had already increased their revenues by 4.4 per cent and reduced costs by 4.3 per cent over the past year by making better use of digital technology, generating an estimated £123 billion contribution to the UK’s economy, equivalent to 3.4 per cent of GDP. In terms of jobs, 44 per cent of executives don’t expect any jobs to become obsolete and, across the economy, companies anticipate hiring 1.1 million employees as a result of digital investments.

More →

Seven ways to make your office work for different workstyles

Seven ways to make your office work for different workstyles 0

Tripadviser2The conversation around office space is shifting. Baby Boomers brought us cubicles, and as millennials joined the workforce, so did the trend of a collaborative, open office. Now, as Generation Z begins to make its way into the workforce, it’s more important than ever to make sure that your office appeals to all generations, and more importantly, all work styles. This trend is taking off in companies of all sizes and types. To begin, study the culture, brand, demographics and interactions of employees and you’ll find that people want to move throughout the day and change their work setting based on tasks. This can be applied to all organizations on different scales. Providing the right environment for unique tasks has the power to energize teams, reinforce the culture and allow for serendipitous interactions all at once.

More →

Shrinking Asian workplace density could impair business performance

Shrinking Asian workplace density could impair business performance 0

Space utilisation in AsiaWorkplace static density, i.e. the space per sq. ft. per workstation, has halved in many Asian markets over the last decade and in many parts of Asia, this has already reached a point where further reductions will impact productivity, performance and retention. In Hong Kong, India and China, workplace space has shrunk from 100 sq. ft. per desk to 50-60 sq. ft. per desk. This figure is nearly half that of Europe and the US, where density norms are around 150-200 sq. ft. per desk. Elsewhere, in Australia and New Zealand, standards remain more generous at around 90-150 sq. ft. per desk. CBRE’s recent report, Space Utilization: The Next Frontier, looks at how organizations across the region are now under pressure to drive down costs by increasing their workplace ‘static density’ and suggests ways in which companies can use workplace density and utilization data to drive efficiency and business performance.

More →

Sydney leads the way in activity-based working finds global cities report

Sydney leads the way in activity-based working finds global cities report 0

hub-city-sydneyIf employers want to attract the best, they need to create spaces where their staff want to work, because providing an inspiring and enjoyable office is now the most critical, cost-effective way to successfully attract the world’s most talented employees. Knight Frank’s Global Cities: The 2016 Report highlights a shift in thinking by the newest generation of workers who expect the same kind of environment which historically, was the preserve of technology and media firms. This new office combines collaborative spaces with individual work areas, as well as providing amenities that encourage people to think of work as an extension of home. Sydney is leading the way with just under a third (28 percent) of all offices already offering activity-based working (ABW) for employees, where the workspace is specifically designed to suit the whole range of activities which will be accommodated.

More →