Search Results for: performance

UK commercial property market remains largely resilient

UK commercial property market remains largely resilient

by • News, Property

Although the commercial property market in the UK is proving largely resilient, demand to rent levelled off for the first time in almost five years during the past three months, according to a study from The Royal Institution of Chartered Surveyors (RICS) Its gauge of commercial tenants’ demand for property fell to -2 for the second quarter of 2017, its lowest reading since the third quarter of 2012. Demand varies across market sectors, however, with occupier demand declining in the office and retail sectors of the UK commercial property market, but conditions in the industrial segment remain firm, according to the survey.

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Putting people at the centre of building design could provide large boost to the economy

Putting people at the centre of building design could provide large boost to the economy

by • News, Workplace design

More thoughtfully designed workplaces, centred around people’s needs, could improve performance and help tackle the UK’s productivity gap, according to a new report. Applying design thinking to boost workplace productivity by 5-8 per cent could contribute up to £20 billion to GDP. The potential gain in productivity, equivalent to twice the annual contribution to UK GDP made by the aerospace industry, is revealed in research conducted by researchers from Imperial College London in partnership with Atkins. Atkins commissioned the research to better understand and quantify the economic benefit from human centred design. The research claims to examine the ripple down effect on productivity brought about by an human centred focus on health and wellbeing. This in turn has a benefit for future business growth and can enhance the position of the national economy, according to the report. The research claims to support the importance of employees’ experience of the building in which they work and confirms that steps to create the right working environment can have a material impact on staff productivity and wellbeing.

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Flexible working increasingly seen as top option, claims major new study

Flexible working increasingly seen as top option, claims major new study

by • Flexible working, Workplace

A new report from ManpowerGroup Solutions claims that 40 percent of job candidates cite flexible working as one of their three most important career considerations. The firm polled 14,000 people in 19 countries. Among the countries surveyed, the US had the highest percentage of job candidates who want work flexibility (45 percent). A majority (63 percent) of workers said they believe they can work outside the office, and the number of men who want flexibility has significantly increased according to the study. The report, Work, for Me: Understanding Candidate Preferences for Flexibility, Manpower Group Solutions claims to offer ‘both the immediate steps and the long-term actions that companies can take to better meet their prospective employees’ preferences around flexibility’.

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Link between offices and wellbeing is too important for landlords and occupiers to ignore

Link between offices and wellbeing is too important for landlords and occupiers to ignore

by • Facilities management, News, Property, Wellbeing, Workplace design

Developers and landlords who invest to create offices that embody the occupier-driven focus on wellbeing will reap their rewards commercially while those that don’t face diminishing returns, according to a new report from Cushman & Wakefield. The Well Workplace report claims to map out the major trends, opportunities and challenges of the future facing owners and occupiers of commercial office space due to the growing emphasis on employee health and vitality as part of the work environment.  Improved lighting, layout and use of plants are all known to benefit wellbeing and can increase employee performance. Gains through boosting performance far outweigh potential cost savings through real estate efficiencies – making the imperative for occupiers clear, according to the report’s authors.

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UK needs industry wide carbon target for infrastructure, claims Green Building Council report

UK needs industry wide carbon target for infrastructure, claims Green Building Council report

by • News

The UK Green Building Council (UK-GBC) has published a report entitled ‘Delivering Low Carbon Infrastructure’, which recommends the establishment of a whole life carbon target for the infrastructure industry. The report’s  main findings are: There is no specific target for the infrastructure industry which organisations and projects can work towards; There is little similarity in ambition, duration and scope of the targets being set in the infrastructure industry; There is no single method used by all the surveyed clients to set their carbon targets; Regulators play a role in addressing carbon, however, they are not explicit in setting targets for carbon reductions and driving performance. Based on the findings, UK-GBC is recommending the establishment of a whole life carbon target for the infrastructure industry based on climate science and from which organisations can derive commensurate targets. The monitoring of such a target, and the reporting of progress against it, will be crucial.

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Top performing organisations build six elements into their design

Top performing organisations build six elements into their design

by • Flexible working, News, Technology, Workplace design

Adopting agile ways of working makes a company five times more likely than competitors to be a top performer, with faster growth and higher profits, according to a new report from The Boston Consulting Group (BCG), “Boosting Performance Through Organization Design”. The report describes agile as ‘a concept borrowed from software development, describes workplace processes that emphasise speed, autonomy, and teamwork to get products to market faster’. It is one of six key factors of organisation design that set top performers apart from rivals, according to results of a BCG survey included in the report.

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BCO predicts how Brexit might impact on demand for office space to 2022

BCO predicts how Brexit might impact on demand for office space to 2022

by • Facilities management, Legal news, News, Property, Workplace

Commercial property occupiers remain cautious about the future, and hard data indicates that demand has, so far, been largely unaffected by Brexit, claims a new report from the British Council for Offices (BCO) . ‘Brexit and its Potential Impact on Office Demand’, examines how Brexit might impact on demand for office space on a national and regional basis through to 2022. According to the report, almost one year on from the Brexit vote the situation is one of uncertainty, feeding through to slower growth, with ‘an almost palpable sense that choppy waters lie ahead, particularly with regard to trade and movement of labour’. However, businesses continue to make long-term investments in the national economy and even in the City, some large investment banks have committed to large new office buildings. There is much variation in the relative performance of the UK’s major office centres, though, with some expanding and others apparently in decline.

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Remote or home working more of a preference for baby boomers than millennials

Remote or home working more of a preference for baby boomers than millennials 0

by • Flexible working, News, Wellbeing, Workplace

Perhaps it’s something to do with the housing issues many people from the younger generations now have to deal with; i.e. either live with parents or endure an overpriced house share, but those under 35 are reported to actually prefer working from the office to remote or home working. This differs from baby boomers, who would rather work from home. According to the survey by Maintel there are differing preferences between the multi-generational workforce, with those aged under 35 feeling they are most productive in the office (48 percent), while only 19 percent of those above 55 agree. Another reason why younger workers cling to the office is due to the fact that they require the face-to-face support of experienced co-workers. The survey also discovered that 28 percent found getting hold of colleagues or managers a challenge when working remotely. And it may also be down to the social aspects of office life and when seeking promotions – ensuring the visibility of hard work. On the other hand, older employees have responsibilities at home, and remote working allows them to be more efficient with their time.

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Creativity is the new productivity in the modern era of work and workplaces

Creativity is the new productivity in the modern era of work and workplaces 0

by • Comment, Facilities management, Workplace design

Creativity is often thought of as a quality unique to artistic geniuses. When in reality, it is present in all of us, and something that can be enhanced and nurtured, given the right tools and environment. Creativity is the innate human ability to generate ideas, solve difficult problems and exploit new opportunities — it is the fuel for innovation. Many of today’s most pressing business problems require creative thinking to solve them, and creativity is an essential ingredient for business growth. However, 77 percent of CEOs name creativity as their company’s number one skill shortage (20th CEO survey, PWC, 2017). Being agile is critical in a world that is changing rapidly, with disruptive technology, globalisation and an increasingly complex landscape all playing a part. More than ever, supporting creativity at work is an essential part of driving value for both businesses and society. In days gone by, instead of focusing on their organisation’s creative output, most business leaders were obsessed with near-term goals such as productivity, efficiency, cost-cutting and reducing waste. But the landscape has shifted and creativity is emerging as an important dimension of productivity.

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Google launches initiative to humanise artificial intelligence

Google launches initiative to humanise artificial intelligence 0

by • AI, News, Technology

Google has announced a new initiative that aims to improve the ways humans and artificial intelligence interact in both their personal and professional lives. Called the People + AI Research (PAIR) initiative, The programme will look to ensure that advances in machine learning and technical performance in areas such as speech recognition, image search and translation are better aligned with the needs of people. The project will bring together researchers across Google to study and redesign the ways people interact with AI systems. According to Google, the goal isn’t just to publish research but also create open source tools for experts in the field to use and completely redefine the way we think about artificial intelligence.

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Third of UK workers are dealing with anxiety, depression or stress

Third of UK workers are dealing with anxiety, depression or stress 0

by • News, Technology, Wellbeing, Workplace

One in three (34 percent) UK workers are dealing with anxiety, depression or stress, which is affecting their ability to carry out their day-to-day roles, claims a new report. Two in five (39 percent) have taken time off work or reduced their responsibilities because of their health, and of those, 39 percent did not feel comfortable telling their employer about the issue according to the PwC research. Nearly a quarter (23 percent) think their organisation does not take employee wellbeing seriously and more than half (54 percent) work for companies which do not offer health benefits such as counselling, health screening and subsidised gym memberships. The research suggests that Health and wellbeing has a significant impact on performance with four out of five workers (83 percent) believing that their wellbeing influences how productive they are. Pressures such as dealing with customers and clients, and long hours have the biggest impact on workplace wellbeing. The survey respondents also indicated a belief that technology can play a part in addressing health, with almost half saying they would be open to using an app to improve their wellbeing.

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UK remains stuck in stubborn low productivity trap

UK remains stuck in stubborn low productivity trap 0

by • News, Workplace

The persistently low productivity of UK workers has dropped back to pre-financial crisis levels, according to official figures. Hourly output fell 0.5 percent in the first three months of the year, the Office for National Statistics (ONS) reports in its latest update. At the end of 2016, productivity returned to the level seen before the 2008 recession. But it has now slipped back again and is 0.4 percent below the peak recorded at the end of 2007, according to the ONS. It was the first quarterly fall in productivity since the end of 2015, according to the ONS. Economists have consistently warned that the UK’s low productivity continues to mean it lags behind its major trading partners such as the US, France and Germany.

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