Search Results for: productivity

August 7, 2018

HR offers the key to enhanced employee financial wellbeing, claims report

by Neil Franklin • News, Wellbeing, Workplace

With poor financial wellbeing impacting on productivity, a new paper claims that, despite growing interest, there remains a lag in employers taking action in this area – and that Human Resources departments are key to building a business case for support. Published by the Institute for Employment Studies (IES), the paper, Building the business case for employee financial wellbeing, draws on findings from a Money Advice Service-funded study trialling financial wellbeing guidance from IES and the Chartered Institute of Personnel and Development (CIPD).

August 3, 2018

Financial centres in UK cities outside London are set to suffer most from Brexit

by Neil Franklin • Cities, News

Although news reports about the impact of Brexit on the UK’s financial services sector have focused almost exclusively on London, a new report from the Centre for Cities claims that the decision to leave the EU will have a disproportionately larger impact on the centres in the UK’s other major cities, which employ two thirds of all people in the sector. The report explores the financial and professional services sectors in cities across the UK, and looks at what the relationships are with London-based firms in these industries. The report by the think tank supported by the City of London Corporation London: The geography of financial services in the capital and beyond looks at how much individual cities across the UK export in services, and what proportion of these services exports came from the financial sector.

August 2, 2018

Financial stress can impair employee performance and attendance

by Sara Bean • News, Wellbeing, Workplace

Businesses that fail to tackle their employees’ financial stress are more likely to encounter poor work performance, lack of engagement, mental health issues and staff absenteeism, a new report from Neyber has claimed. Since last year, there has been a significant increase in the number of employees affected by financial worries; up from 58 percent to 63 percent, as well as those with less than one month’s savings; up from 24 percent to 32 percent. This stress on individuals is having a severe business impact. One in four employees said they had lost sleep over money troubles in the last year, one in ten said that they couldn’t focus on work and 6 percent said they had had to take time off work. All this adds up to a substantial cost for employers to bear. Neyber has calculated that the lost productivity and increased absence and employee turnover associated with financial stress costs UK companies in the region of £120.7 billion every year.

August 1, 2018

Flexibility, daylight and a well-designed office are amongst most desirable workplace features

by Neil Franklin • News, Wellbeing, Workplace design

Capital One has published the results of its latest survey of US full-time professionals for their thoughts on workplace design and the working environment as it relates to their productivity, innovation and collaboration with colleagues. According to the resulting 2018 Work Environment Survey of 3,500 office based respondents in urban centres across the US, many value flexibility and workplace design, particularly when evaluating whether to stay at their current job or consider a new employment opportunity. Employees also place a great deal of focus on technology, design elements such as lighting and agile workspaces, and personal wellbeing.

July 31, 2018

Absenteeism at record low and it may be because people are worried about their jobs

by Neil Franklin • News, Wellbeing, Workplace

A new report from the Office for National Statistics suggests that the number of sickness days taken by UK workers has almost halved over the past two decades to reach a record low. It dropped from an average of 7.2 days in 1993 to 4.1 days in 2017, and had been steadily falling since 1999. The total days lost for all workers last year was 131.2 million, down from 137.3 million in 2016 and 178.3 million in 1993. Since the recession, sickness absence rates have declined by 0.5 percentage points to 1.9 per cent last year. The reasons are not explored in the report but one possible explanation would be the growing number of people prepared to work when they should really take time off. A May report from the CIPD claims that the number of companies reporting a rise in employees going into work when they were ill had more than tripled since 2010 and warned that organisations should do more to discourage “presenteeism”.

July 31, 2018

Google should be an example to all when it come to interactive workplace design

by Alice Porter • Comment, Workplace design

Google is known to be a wonderland for tech professionals everywhere. It is a sought after and coveted workplace, which is designed to cater to the individual. Comparably has recently named Google as the “tech company with the best corporate culture”, but how does this culture work beyond the realms of the Google institute? The question that many employers are asking is, does the Google culture really work? And is it sustainable for a normal business? Company culture has become a focus for recruiters and hiring managers, but if we break this down what does it actually mean? Company culture is shaped by the employees for the employees and should work in collusion with the services a business is providing. Google’s company culture model is based around flexibility and the freedom to be creative in a fun environment.

July 25, 2018

New study claims to confirm the benefits of sit-stand workstations

by Mark Eltringham • News

A new study suggests that height adjustable or sit-stand workstations may be beneficial in reducing sedentary behaviour and supporting health outside the workplace. The study’s results have been published in the International Journal of Workplace Health Management. Funded by the American Society of Interior Designers (ASID) Foundation’s Transform grant, interim study results were announced on the ASID website last year. The final study, “Stand Up to Work: Assessing the Health Impacts of Adjustable Workstations,” found that sit-stand workstations are linked to increased productivity, better mental concentration, and improved overall health in employees who used sit-stand desks over a 12-month period. Most employees reported that the sit-stand desks had a positive impact on their health outside the workplace.

July 19, 2018

When it comes to change management, culture sometimes eats strategy for breakfast

by Gary Chandler • Features, Flexible working, Workplace design

21st Century organisations are under constant pressure to evolve. They are beset by a number of forces that demand they change constantly. These include the need to restructure the organisation, adapt to new technologies, respond to competitors and changes in the economy and legislative environment. Inevitably, this constant need to change affects both people and the built environment in very profound ways. However, according to a study of Culture and Change Management published by the Katzenbach Center, only around half of all transformation initiatives meet their objects over time. Among the biggest obstacles to successful change management cited by the study is change fatigue, which is characterised by a lack of empathy and a widespread failure to engage with the change process.

July 17, 2018

Artificial intelligence will create more jobs than it displaces, claims new study

by Mark Eltringham • News, Technology

Artificial Intelligence (AI) and related technologies are projected to create as many jobs as they displace in the UK over the next 20 years, according to new analysis by PwC. In absolute terms, around 7 million existing jobs could be displaced, but around 7.2 million could be created, giving the UK a small net jobs boost of around 0.2 million. While the overall net effect of AI on UK jobs may be broadly neutral, this varies significantly across industry sectors. The most positive effect of AI is seen in the health and social work sector, where PwC estimates that employment could increase by nearly 1 million, equivalent to around 20 percent of existing jobs in the sector. On the other hand, PwC estimates the number of jobs in the manufacturing sector could be reduced by around 25 percent, representing a net loss of nearly 700,000 jobs.

July 11, 2018

Katrina Kostic Samen confirmed as President of the British Council for Offices

by Neil Franklin • News, Property, Workplace design

The British Council for Offices (BCO) today welcomes Katrina Kostic Samen as its new President. Katrina Kostic Samen, Founder and Managing Partner at KKS Strategy, formally takes over the position from Ken Shuttleworth, Founding Partner of Make Architects, at the BCO’s Annual General Meeting in London today, Wednesday 11th July. As Chair of the BCO Annual Conference held earlier this year in Berlin, Katrina set out the vision for her Presidential year, challenging delegates to look at the workplace from multiple occupier perspectives, and to ensure that they are designing and delivering offices which are inclusive and provide for a diverse workforce.

July 11, 2018

Avenue HQ is named as Coworking Space of the Year by IPSE

by Neil Franklin • Coworking, News

Liverpool’s Avenue HQ has been crowned ‘National Co-Working Space of the Year’ by The Association of Independent Professionals and the Self-Employed (IPSE). The award claims to ‘recognise and celebrate the important role coworking spaces play in creating a nurturing, inclusive and stimulating environment for the UK’s 4.8 million-strong self-employed workforce’. The coworking industry is booming globally as companies of all sizes recognise the importance of working environment on employee and business performance. Pioneered by start-ups, entrepreneurs and freelancers, a growing number of companies, large and small, are incorporating the concept and rapidly reaping the benefits.

July 11, 2018

A beauty industry veteran makes the case for corporate wellness

by Leena Jain • Comment, Wellbeing, Workplace design

Wellness is a term that today transcends the consumer and business worlds, but it is so much more than a buzzword. Today, the wellbeing of employees is essential for organisations to flourish, so much so that the term has in many ways replaced ‘productivity’ as the way to measure the success of an organisation. Both the beauty and workplace design sectors are very personal areas of high emotional involvement. There is a very real and physical contact with these products — in beauty, women are particularly (and increasingly men too) engaged in developing a customised routine because it gives them a sense of happiness, wellbeing and identity.