Search Results for: workplace

London, New York and Hong Kong are most expensive cities to rent office space

London, New York and Hong Kong are most expensive cities to rent office space 0

London has been named the third most expensive city in the world for office space, behind New York and Hong Kong, according to an analysis by Kit Out My Office on office rental prices. The analysis mirrors many similar studies that identify these cities as the most expensive on the planet in which to do business. The report looked at the cost of leasing office space of 10,000 square foot and associated business costs, such as property tax, service charges, and Internet access. However, all is not doom-and-gloom for businesses looking to relocate or start-up in London. Initiatives and grants are available for businesses, such as Enterprise Investment Schemes and R&D tax credits. The report claims that alongside being named the third most expensive city for office space, the decision by the UK to leave the EU has caused an air of uncertainty and posed many questions that are still unanswered. For example, how will EU workers be treated and will there be levies for companies that trade with Europe.

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In a crowd of truths, we can discern and reclaim what it means to be human

In a crowd of truths, we can discern and reclaim what it means to be human 0

This is the second of two responses to an excellent article by Antony Slumbers, the first being this perspective from my mirrored room, in this instance offering that his views offer a far too presumptive picture of how technology will shape our work future. The paragraph headlines are from Antony’s original article. One person’s optimism is another’s pessimism. A decade ago the dream of liberated commute-free teleworking was, to many, the nightmare of enforced seclusion to the soundtrack of the dishwasher. The deployment of robots for the performance of menial tasks creating time and wealth for leisure is another’s horror at the loss of employment and resultant anomic fragmentation and decay. The fatally pointless optimism of Candide’s Dr Pangloss was agnostic in regard to every such outcome. It was positive only because there could be no alternative, and therefore no better alternative.

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Fall in number of senior business roles held by women in the UK

Fall in number of senior business roles held by women in the UK 0

A new report to mark International Women’s Day claims that the proportion of senior business roles held by women in the UK has fallen from 21 percent in 2016 to 19 percent in 2017. The report, based on Grant Thornton’s annual survey of 5,500 businesses in 36 economies, also found that the percentage of businesses in the UK with no women in senior management has also risen from 36 percent in 2016 to 41 percent in 2017. This is still an improvement on other EU countries with a lower proportion of senior roles held by women: Germany (18 percent), UK (19 percent), Greece (20 percent) and Netherlands (20 percent)Globally, the proportion of senior business roles held by women has hit a high of 25 percent. However, the findings suggest that progress is slow, with an increase of only 1 percent compared to 2016. Globally, the proportion of senior business roles held by women increased 1 percent from 2016, but that’s only up 6 percent since start of research 13 years ago, in 2004 (18 percent), showing how little progress has been made over the past decade. The research claims that the countries with the highest proportion of senior roles held by women are Russia (47 percent), Indonesia (46 percent) and Estonia (40 percent). The UK had the fifth lowest proportion of women in senior business roles, with Japan recording the lowest (7 percent) and Argentina second lowest (15 percent). (more…)

Staff aged 35 and under have lower levels of health and wellbeing than older workers

Staff aged 35 and under have lower levels of health and wellbeing than older workers 0

Staff aged 35 and under have lower level of health and wellbeing than older workers

Employees aged 35 and under lose the highest average amount of productive time due to absenteeism and presenteeism, are the least physically active in the workforce, have a high proportion of smokers and eat the least fruit and vegetables each day. This is according to data from Britain’s Healthiest Workplace (BHW) which claims that these same employees, many of whom entered the workforce following the recent global financial crisis, already suffer from social mobility challenges and tough economic conditions, which is having a considerable impact on their health and wellbeing. Data from BHW shows that high stress levels can have major impacts on employee productivity at work, which in turn has cost implications for the employer. Almost 35 percent of 26-30 year old employees are physically inactive, completing less than 150 minutes of exercise a week, and on top of this nearly 14 percent of this age group smoke. Comparatively, the same data shows that older employees have healthier habits, with 22.5 percent of 56-60 year olds being physically inactive and only a small proportion (6.1 percent) smoking.

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London businesses bounce back from initial concerns over the Brexit vote

London businesses bounce back from initial concerns over the Brexit vote 0

London firms’ optimism has rebounded since a poll taken just after the EU Referendum, according to the latest CBI/CBRE London Business Survey; as its the most recent data reveals that a fifth of companies (19 percent) feel more positive about the economy over the next six months, compared to 4 percent in the last Survey. Firms are also more optimistic about their own businesses over the next half year, with over a quarter (26 percent) feeling positive (compared to 8 percent in the last Survey). Over eight in ten (84 percent) of London’s companies see Crossrail 2 as being central to the capital’s successful expansion. Meanwhile, a similar number of firms (80 percent) think sticking to the Government’s current timetables for building Heathrow’s third runway is vital to London’s attractiveness as a place to invest. As the city continues to expand eastwards, businesses recognise the importance of developing the right infrastructure to support growth in the area, especially in the Docklands. Four fifths of firms (84 percent) think that river crossings in East London are essential for boosting the city’s growth.

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Jump Studios completes design for London offices of Cloudflare

Jump Studios completes design for London offices of Cloudflare 0

London-based architecture practice Jump Studios has designed the first UK office for tech firm Cloudflare in London. The company, headquartered in San Francisco, is one of the fastest-growing start-ups in the world and is classified as a Unicorn1 company. The new office is a refurbishment of a former paper factory in London’s Southwark area. The refurbished 7,000 square foot office includes around 100 desks with large social areas connected to the outside terrace space. The central area of the office is a form of ‘spine’ constructed from OSB (Oriented-strand board). This spine maintains physical and visual connectivity throughout the floor and forms walls, rooms, storage and shelving units for Cloudflare to display tools, gadgets, books and awards. Informal meeting spaces sit within and around the spine for employees to relax and hold meetings in throughout the day.

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US employers turn to perks and office design to increase employee retention

US employers turn to perks and office design to increase employee retention 0

Younger workers are less and less loyal to employers, which is driving firms to place greater emphasis on benefits, empowerment and a better working environment, according to a study from ReportLinker. The small scale online study of 500 people found that Millennials are less likely than older generations to say they’re highly committed to their employer, with just 40 percent saying they somewhat agree with this statement compared to 66 percent of older workers say they’re highly committed to their organisation. The report concludes that this is encouraging employers to introduce new ways of winning the loyalty of employees. For example, 87 percent of employees who are more involved in decision-making are also more likely to say they are committed to their employers although, as always, we should be wary of the distinction between correlation and causation.

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Over two thirds of people now use a smartphone, but sales are stalling

Over two thirds of people now use a smartphone, but sales are stalling 0

Google smartphone

Over two thirds of people in developed markets worldwide now own a smartphone, according to a study of 625,000 people by Google and researchers Kantar. But sales in major markets fell 2 percent last year as the market reached full maturity with consumers reluctant to change brands and vendors increasingly focussed on selling upgrades and replacing existing devices. The five-year study found that 70 percent now use a smartphone, up from 51 percent in 2012. Dependence on the devices is also growing with 54 percent preferring to carry out a task digitally, two-thirds (65 percent) use the smartphone to go online ‘at least as much’ as a computer, and 76 percent using their smartphones or other connected devices while watching TV.

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A collection of essays musing on the precarious and uncertain future of work

A collection of essays musing on the precarious and uncertain future of work 0

The Institute for Employment Studies (IES) has published its annual collection of articles addressing today’s pressing issues for organisations. In acknowledgement of current turbulent times, the team of researchers and consultants have pulled together existing research and their own insights from working with organisations, offering their reflections on how leaders and HR practitioners can successfully navigate the imminent challenges. The collection, Darkening Skies? IES Perspectives on HR 2017, reflects the current sense of uncertainty around what future awaits. The shift towards new and more precarious forms of work, made possible by the growth in digital platforms and solutions, is a recurring topic appearing in many of the articles.  They also explore the possible effects and mitigations of known issues such as the ageing workforce and its associated health implications; the growing need to support employee financial wellbeing; and the dangers of ignoring the employee voice.

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Majority of workers ‘working for free’ until 9th March in unpaid overtime

Majority of workers ‘working for free’ until 9th March in unpaid overtime 0

Majority of workers 'working for free' until 9th March in unpaid overtimeThe average amount of overtime workers put in equates to around 68 working days a year and the fact that only one third are paid for this means the majority of people are essentially working for free until the 9th of March each year, claims a new study. The research by TotallyMoney.com with OnePoll, which looked into overtime in the UK in 2017 found that unsurprisingly 60 percent of British workers say they don’t have a good work-life balance. Common reasons given for working overtime were pressures from colleague and excessive workloads; with almost 65 percent of people surveyed not being paid for overtime worked. Only a third of British workers say they typically leave work on time; which ties in with recent TUC analysis which revealed that the number of employees working longer hours grew by 15 percent over the last five years. Working longer hours, warns the union, not only has negative impacts on health, but can actually lead to workers being less productive.

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Global migration plays an important role in London’s ongoing success, says report

Global migration plays an important role in London’s ongoing success, says report 0

Global migration plays an important role in London’s ongoing success, says reportDemand for construction workers in London looks set to grow due to the completion of Crossrail and the extension of the Northern Line alongside other infrastructure projects. But a new analysis reveals the Capital is struggling to attract and train the workforce needed; with London and the South East having a shortfall of 60,000 people in the construction industry. This is according to a first of its kind analysis of the role of migration on London’s economy by London First and PwC. ‘Facing Facts: the impact of migrants on London, its workforce and economy’ argues that London’s growing workforce is significantly contributing to economic growth and helping to create more jobs in the capital. The report, which draws on a comprehensive range of information, including detailed ONS Labour Force Survey data shows how London’s total workforce has grown from 4.3 million people in 2005 to just under 5.2 million, made up of people from around the UK, the EU and the rest of the world.

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Technology can help encourage employees make healthier lifestyle choices

Technology can help encourage employees make healthier lifestyle choices 0

Technology can help encourage employees make healthier lifestyle choicesFostering behavioural change among employees to encourage them to make healthier lifestyle choices could deliver both productivity gains and economic growth, a new report claims. According to Human-Centric Health: Behaviour Change and the Prevention of Non-Communicable Diseases, by the World Economic Forum in collaboration with Willis Towers Watson, behavioural economics will be critical to encourage healthier lifestyles and reduce the burden of non-communicable diseases (cardiovascular disease, mental illness, cancer, chronic respiratory disease and diabetes) that account for approximately 16 million premature deaths annually and will cost an estimated cumulative loss of $47 trillion in economic activity worldwide over the next two decades. According to the analysis, technology such as mobile phones with accelerometers that make activity challenges easier and engage individuals in a community of supportive peers will improve people’s understanding of health-related knowledge and encourage them to reshape their behaviour. Linking individuals to ‘commitment contracts’ to exercise, quit smoking, or adhere to medicine prescription schedules will also be easier to monitor using sensors and mobile technology.

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