Search Results for: risk

Local authorities spend £3.8bn on commercial property in last five years

Local authorities spend £3.8bn on commercial property in last five years

by • News, Property, Public Sector

Local authorities have invested around £3.8 bn in commercial property over the last five years, a new study claims. The report (registration required) from property consultancy Carter Jonas and Revo claims that of the £3.8 bn invested, nearly half was spent on the acquisition of office space. It found that Spelthorne Borough Council in Surrey (pictured)  was the largest local authority investor committing £477.1 m to assets within its domain. This is more than double its nearest rival Warrington Borough Council (£219.5 m) and is largely down to the purchase of BP’s International Centre for Business & Technology in Sunbury for £360 m.

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Seven workplace stories to round off the week

Seven workplace stories to round off the week

by • Features

In fairer societies, fewer women enter STEM fields of work

Sexual harassment at work in the era of #MeToo

The impossibility of focusing on two things at once

Robot cities: three urban prototypes for future living

The results of a 2018 global coworking survey

Late risers at increased risk of early death

WeWork to acquire Chinese coworking firm

Government announces details of new real estate agency

Government announces details of new real estate agency

by • News, Property, Public Sector

The UK government has announced the creation of the Government Property Agency (GPA) which will aim to ‘improve the efficiency and effectiveness of the Government Estate and generate benefits of between £1.4 billion and £2.4 billion over the next ten years’. GPA’s initial portfolio of 80 properties will grow to over 1,000 as it takes on increasing responsibility for managing the general purpose central government real estate portfolio. This is intended to manage the government’s property portfolio strategically in order to realise the benefits that departments cannot achieve on their own. The GPA will partner with government departments to find innovative property solutions, and provide expertise to enable them to deliver wider business change more efficiently. More broadly, the GPA will also be an enabler for the delivery of Civil Service transformation, regional growth and the government’s vision to strengthen the Union.

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Nearly half of large organisations will adopt artificial intelligence in the workplace by 2019

Nearly half of large organisations will adopt artificial intelligence in the workplace by 2019

by • AI, News, Technology

Chatbots and voice assistants powered by artificial intelligence are starting to gain traction in the workplace of large organisations, according to a report from tech firm Spiceworks. The report, based on a survey of 500 IT professionals in organisations across North America and Europe, found that within the next 12 months, 40 percent of large businesses – those with more than 500 employees – expect to implement one or more intelligent assistants or AI chatbots on company-owned devices, compared to 25 percent of mid-size companies and 27 percent of small businesses. The findings indicate that although adoption is on the rise, some organisations are holding back due to a lack of use cases in the workplace and privacy concerns.

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With a year to go, occupiers are less concerned than they were about the impact of Brexit

With a year to go, occupiers are less concerned than they were about the impact of Brexit

by • News, Property

Occupiers are less concerned about Brexit than they were a year ago, according to a new CBRE research survey of over 100 major occupiers across Europe, most of whom have pan-European or global operations. By late 2017, the proportion of European occupiers worried about Brexit having a ‘very significant’ impact on their operations in the UK had dropped from 15 percent to 6 percent compared with a year earlier. The proportion of occupiers worried about Brexit having a ‘significant’ effect has also fallen, from 38 percent to 33 percent, meaning that the number of occupiers worried about negative impacts from Brexit has fallen in total from 53 percent to 39 percent. A year to the day on which Britain aims to exit from the EU, global real estate advisor CBRE has published an updated guide unpicking some of the key real estate impacts of Brexit.

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Growing disconnect between pay and workplace effort, claims report

Growing disconnect between pay and workplace effort, claims report

by • Cities, News, Workplace

Exclusive polling undertaken by YouGov for Localis showed exactly half of those surveyed felt they were paid less than they deserved, a third (31 percent) paid roughly the right amount and 7 percent felt overpaid. The polling figures also indicated nearly two thirds (61 percent) of people felt unrewarded for hard work. The findings are contained in a report entitled ‘The Delivery of an Industrial Strategy – Raising prosperity across England’ which examines how strategic authorities, such as Mayoral Combined Authorities and county councils, can take the industrial strategy forward at a local level to raise local prosperity and living standards. (more…)

A growing number of employers are driving demand for independent professionals

A growing number of employers are driving demand for independent professionals

by • Comment, Workplace

A new industrial revolution is underway, with almost every organisation on the frontline. Executive leaders, notably HR Directors, are grappling with what this means for the structure and design of their companies and the composition of their people. Changing business models, new technologies to access people, skills and capabilities, are common threads, with widespread implications for workplaces. With more people working remotely, flexi-time and on contract, designing workspaces, for instance, has become more challenging. Economic challenges impact every business and reduce appetite for investment, notably in permanent full-time staff. But scratch below the shared surface and every situation is different.

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Wellbeing programmes that focus on staff engagement neglect a need to address mental health

Wellbeing programmes that focus on staff engagement neglect a need to address mental health

by • News, Wellbeing, Workplace

The mental health of employees, especially those working within high pressured working environments are the number one concerns for UK CEOs. Nearly three quarters (73 percent) of respondents to the annual wellbeing report ‘Employee Wellbeing Research 2018’ from Reward & Employee Benefits Association (REBA) in association with Punter Southall Health & Protection, admitted that high pressure working environments are now the biggest threat to wellbeing. Just a third (34 percent) of respondents provide mental health training for line managers, and despite a similar percentage (35 percent) planning to introduce this training in the next 12 months, one in six (14.9 percent) say they have no plans to introduce this sort of training. Although mental health in the workplace is the top priority for almost three in five (60 percent) CEOs in the UK and the area of employee wellbeing with which their Board is most concerned, currently, the key drivers of wellbeing strategies are to improve engagement and culture. Well over a quarter (30 percent) of respondents said wellbeing strategies are primarily driven by a desire to increase employee engagement and 23 percent to improve organisational culture.

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Many businesses doing little or nothing to alleviate workplace stress

Many businesses doing little or nothing to alleviate workplace stress

by • News

New research by Perkbox claims that almost half (45 percent) of UK businesses do nothing to help alleviate workers’ stress, putting themselves in danger of having their workforces reach total burnout. This is despite work being the cited as the most common cause of stress (for 59 percent) and in light of 1 in 4 (25 percent) struggling to be as productive at work when stressed. What’s more 1 in 10 will call in sick and 7 percent will look for a new job. Businesses within the hospitality industry are the least likely to provide any kind of guidance or aid to help employees deal with workplace stress (64 percent), followed by the leisure sector (63 percent) and transport industry (55 percent).

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Equal Lives survey to look at ways men can better balance work and home life

Equal Lives survey to look at ways men can better balance work and home life

by • Flexible working, Legal news, News, Workplace

Equal Lives survey to look at ways men can better balance work and homeThe challenge to achieve gender equality at work isn’t made any easier by the attitudes of some employers. Although men increasingly want to be more present at home, currently fathers are twice as likely as mothers to have their requests for flexible working turned down. This means their work-life balance is increasingly a source of stress. For this reason a new survey is being launched to look at men’s roles at home and work with the hope that the results will support employers to help men take up more equal caring roles.The Equal Lives project, launched by Business in the Community in partnership with Santander UK, aims to highlight the issues men face when managing responsibilities at work and home and identify workplace practices and policies to help employers retain skilled male and female employees. The study is open to all men in work over 18, regardless of whether they have people who depend on them for their wellbeing. It is also open to women in work, but only those with care responsibilities.

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Recruitment via artificial intelligence must be monitored to avoid adopting human bias

Recruitment via artificial intelligence must be monitored to avoid adopting human bias

by • AI, News, Technology, Workplace

Recruitment via artificial intelligence must be reviewed to avoid adopting human biasArtificial intelligence systems need to be accountable for human bias at AI becomes more prevalent in recruitment and selection, attendees at the Employers Network for Equality & Inclusion’s annual conference have been warned. Hosted by NatWest, the conference, Diversity & Inclusion: The Changing Landscape heard from experts in ethics, psychology and computing. They explained that AIs learnt from existing data, and highlighted how information such as performance review scores and employee grading was being fed in to machines after being subjected to human unconscious bias.  Dr David Snelling, the programme director for artificial intelligence at technology giant Fujitsu, illustrated how artificial intelligence is taught through human feedback. Describing how huge data sets were fed into the program, David explained that humans corrected the AI when it used that data to come to an incorrect conclusion, using this feedback to teach the AI to work correctly. However, as this feedback is subject to human error and bias, this can become embedded in the machine.

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Four UK cities ranked in Europe’s top ten most attractive locations for businesses and employees

Four UK cities ranked in Europe’s top ten most attractive locations for businesses and employees

by • Cities, News

London has been ranked as Europe’s most attractive city for businesses and employees for second year running according to Colliers International’s latest European Cities of Influence report, which reviews and ranks cities based on their occupier attractiveness, availability of talent, and quality of life factors alongside economic output and productivity; Paris, Madrid, Moscow and Birmingham making up the rest of the top five. The report claims that the UK remains a highly desirable destination for capital and occupiers, largely driven by its ‘magnetism as a centre of diverse high-quality service sector talent’, which is in turn is helping to drive economic output and productivity. Other UK cities which score in the top 10 include Birmingham (5th), Edinburgh (7th) and Manchester (10th).

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