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Where to have great ideas + Workplace professions + London’s office market

Where to have great ideas + Workplace professions + London’s office market 0

Insight_twitter_logo_2In this week’s newsletter; Giuseppe Boscherini explores the growing importance of creativity at work; Mark Eltringham argues that the three professions of the workplace, HR, IT and FM need to adapt and notes a growing disconnect between a firm’s earnings and the number of people it employs. In commercial property, demand for office space in London continues to overwhelm its availability, with English regions outside the Capital leading construction growth.  High job demands, stress and job insecurity are among the main reasons why people go to work when they are ill, and data shows the Internet of things will connect 6.4 billion objects next year. You can also download the new issue of Work&Place and access our first Insight Briefing, produced in partnership with Connection, which looks at agile working in the public sector. Visit our new events page, follow us on Twitter and join our LinkedIn Group to discuss these and other stories.

The three workplace professions need to face up to a new reality

The three workplace professions need to face up to a new reality 0

Eternal triangleThe modern workplace consists of an often unholy trinity of people, place and technology and each of these facets has its own associated profession; HR. IT. FM. Six letters. Three disciplines. One big mess. When life was simple, with people generally going to work in the same place and at the same time, each of these professions could operate in its own bubble, with a clear sphere of influence and control. Sure, they could behave in interdisciplinary ways, they could have their intersections, but at the end of each encounter they could each go their separate ways. That is no longer true. The workplace is no longer primarily physical, but digital and cultural too. The boundaries of space and time have slipped and taken with them the clear demarcations between the three main workplace professions. All of this is bound to provoke as big an existential crisis for the professions as it does for the workplace itself.

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Workers say regular wellness reviews would help improve productivity 0

Over half of UK employees are struggling to make long-term changes to their lifestyles, but believe they could adopt healthier practices with more help from their employers, new research by Bupa claims.  In the study of 2,000 UK employees, 52 percent admitted that their changes generally last no longer than a few weeks, and just 7 percent have been completely successful. But more than 85 percent of employees believe they would be more productive if they were able to stick to positive lifestyle changes in the long-term, two in five (44 percent) would love their work to help them make positive changes to their lifestyle and half (48 percent) say a regular wellness review would help with this. The research showed that three quarters of employees (73 percent) have chosen to change their lifestyle to feel more physically healthy, with nearly half (46 percent) changing to improve mental health.

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British workers tend to take the most holiday leave in the world

British workers tend to take the most holiday leave in the world 0

British holiday makersBritish workers are the most likely to take all of their paid holiday leave – and they get a lot more of it, new YouGov research from around the world claims. During the Eurozone and Greek debt crises, the economic situation was blamed on laid back, siesta-taking southern Europeans. In fact Greece ranks fourth among OECD countries for average annual hours actually worked, and Spain ranks one place above the UK. Meanwhile German workers, with a reputation for working very hard, work the smallest number of hours. But out of 22 countries polled worldwide, spanning North America, the Middle East, Asia, Australia and Europe, British people are the most likely to say they will take all of their holiday leave this year. In one of the only places in the world where there is no statutory minimum holiday leave only 44 percent of Americans say they will take their days off this year.

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Employers have dodged UK recruitment crisis threat, claims CIPD

Employers have dodged UK recruitment crisis threat, claims CIPD 0

Recruitment researchSalaries are not likely to increase much next year, and despite predictions of a recruitment shortage, vacancies are still relatively easy to fill, the latest Labour Market Outlook from the CIPD claims. The quarterly survey of more than 1,000 employers shows that across all sectors just fifteen percent of current job vacancies are proving difficult to fill. It also reveals that, outside a limited number of industries, UK employers continue to be able to recruit the workers they need without significantly hiking wages and that median basic pay rises of just 2 percent are predicted by employers in the 12 months to September 2016. The research suggests that in general, most businesses are seeing a steady flow of suitable candidates, despite unemployment falling to a seven-year low in October and despite a slight year on year increase (44 percent – 49 percent) in the number of employers reporting any hard to fill vacancies.

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Business success is progressively less related to employment levels

Business success is progressively less related to employment levels 0

If you want to understand exactly how the economy has changed over the last few decades, one of the most important statistics is also one of the least remarked upon. It is the growing disconnect between a firm’s earnings and the number of people it employs, a statistic that puts paid to the lie that people are an organisation’s greatest asset. Once upon a time, of course, there was a direct correlation of one sort or another between the a firm’s revenue and the number of people it employed and consequently the amount of space that it took up. This was especially true for the world’s great manufacturers and other industries engaged in what was once proper work; moving, creating, destroying and maintaining things. Growth and success meant more employment and more space. There were economies of scale but the upshot was more or less an arithmetic progression in employment based on earnings.

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Email overload draining your productivity? Let your tech answer for you

Email overload draining your productivity? Let your tech answer for you 0

intro-logoAt this week’s CIPD conference in Manchester, HR Godfather Cary Cooper used his keynote address to highlight the deleterious effects of email on productivity and wellbeing. He once more highlighted how email remains the single most substantial drain on people and called on the serried ranks of managers to take up arms against our overstuffed inboxes. No doubt he now welcomes the news that one tech company is determined to become the solution to the problem, even though they’re also the cause of it. Google have launched a system called Smart Reply for Gmail users which uses a ‘deep neural network’ to analyse incoming emails and suggest three likely replies to mobile users to choose from, enabling them to respond quickly and without expending too much energy. Responses are not based on any insight into the user’s own preferences, but what the system considers likely as a general rule.

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Lacklustre recruitment processes can lead workers to turn down jobs

Lacklustre recruitment processes can lead workers to turn down jobs 0

Job interviewA third (34 percent) of UK workers have changed their mind in the last two years after accepting a job offer, choosing not to go ahead with the new role. Research from Office Angels, analysing the effectiveness of recruitment processes in the post-recession economy, found that nearly half (48 percent) of workers have received multiple job offers at the same time in the last 24 months. At the point of resignation, half (50 percent) received a counter offer from their existing employer. The research asked both hiring managers and job seekers their views on what makes an effective recruitment process. Almost all (96 percent) of workers view the speed of a job offer as a decisive factor when choosing between job opportunities at competing companies, two-fifths (41 percent) stated the most important part of being successfully recruited was a clearly defined recruitment process and 28 percent of workers consider cultural fit in making a decision.

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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.

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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.

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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.

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