Search Results for: workplace

Hong Kong and London’s West End again top global commercial property costs, according to CBRE

Hong Kong and London’s West End again top global commercial property costs, according to CBRE 0

by • News, Property

Hong Kong (Central) and London’s West End topped the list of prime commercial property occupancy costs again, according to CBRE Research’s latest annual Global Prime Office Occupancy Costs report. Hong Kong’s (Central) overall prime occupancy costs of US$303 per sq. ft. per year topped the “most expensive” list, followed by London’s West End (US$214 per sq. ft.), New York (Midtown) (US$203 per sq. ft.), Hong Kong (West Kowloon) (US$190 per sq. ft.) and Beijing (Central Business District (CBD)) (US$183 per sq. ft.).  Global prime office occupancy costs—which reflect rent, plus local taxes and service charges for the highest-quality, “prime” office properties—rose 1.9 percent year-over-year, with the Americas up 3.6 percent, EMEA up 0.8 percent and Asia Pacific up 1.2 percent.  Durban (South Africa) had the highest increase in occupancy cost overall, though Stockholm (Sweden) registered some of the fastest growth in Europe, along with Palma de Mallorca (Spain), Belfast (U.K.) and Amsterdam (Netherlands). In Asia Pacific, Shanghai (Puxi) in China had the highest growth in occupancy cost, followed by Guangzhou, Bangalore and Shanghai (Pudong). Buenos Aires showed the biggest increase in the Americas overall, while suburban Denver, suburban Houston and New York Midtown South saw the largest occupancy-cost increases in the U.S.

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As UK heatwave continues, Acas issues hot weather tips for employers

As UK heatwave continues, Acas issues hot weather tips for employers 0

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

With the Met Office predicting that the hot weather looks set to continue for much of this week, workplace expert Acas, has offered some tips to help employers manage workplace challenges due to the hot weather. From a legal perspective, it advises that workplace temperatures should be reasonable as the Health & Safety Executive (HSE) has stated that the temperature in all workplaces inside buildings must be reasonable. The HSE offers advice on how to carry out a thermal comfort risk assessment if employees complain about the temperature. Acas Senior Guidance Adviser, John Palmer, said: “Today’s sizzling weather may be ideal for the beach but staff getting into work on one of the hottest days of the year may not feel the same way. Certain workers may be adversely affected by the extreme heat such as pregnant women, elderly employees and Muslim staff that are currently fasting during Ramadan. Our advice offers some top tips for employers to help ensure their businesses remain productive during the heat wave whilst keeping staff happy too.”

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Lack of digital adoption is the greatest social challenge we face, claims new report

Lack of digital adoption is the greatest social challenge we face, claims new report 0

by • News, Public Sector, Technology

More than 50 percent of organisations claim existing processes are preventing digital adoption, claims a new report from Agilisys, a tech firm focussed on projects in the public sector.  The ‘State of the Digital Nation’ draws on findings from a survey of over 400 individuals from private and public sector organisations, who shared the progress they are making on their ‘digital transformation journeys’. The report, based on the key findings of a survey conducted by online publication Digital by Default News, considers the role of digital inclusion in the adoption of digital public services. The survey revealed that 40 percent of respondents had a clear digital vision and were already well on their way to realising the benefits. The majority (65 percent) of those surveyed considered digital one of their top organisational priorities.

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Commercial property giant acquires controlling stake in London based flexible office provider

Commercial property giant acquires controlling stake in London based flexible office provider 0

by • Company news, Flexible working, Property

While we should never read too much into a single piece of business, the news that one of the world’s largest property investors is buying a young and still growing British flexible office provider is surely a sign of things to come. As Blackstone, a private equity giant with £140 billion of real estate assets worldwide acquires a controlling stake in The Office Group for £500 million, we must view the deal in the context of a market in which the most dynamic players are WeWork and its contemporaries. The Office Group has grown from seven buildings to thirty-six since it was founded in 2003 and provides flexible office and coworking space to start-ups, freelancers, small businesses and increasingly, corporates such as Facebook, Dropbox and British Gas.

Businesses sound the alarm over Brexit as negotiations get under way

Businesses sound the alarm over Brexit as negotiations get under way 0

by • News, Workplace

The end of free movement of people from the EU will damage UK businesses and public service delivery unless post Brexit immigration policies take account of the need for both skilled and unskilled labour from the EU. This is a key message in new research from the CIPD, the professional body for HR and people development, and the National Institute of Economic and Social Research (NIESR). It also calls on businesses to broaden their recruitment and people development strategies to ensure they are doing all they can to attract and develop UK born workers, and highlights the need for significant changes to Government skills policy. The study joins a growing chorus of business leaders appealing for a rational approach to Brexit negotiations. Britain’s top business lobby groups have already come together to demand open-ended access to the European single market for as long as it takes to seal a final Brexit deal.

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Billions of pounds in wages and holiday pay is underpaid every year

Billions of pounds in wages and holiday pay is underpaid every year 0

by • News, Workplace

Billions of pounds are denied to workers every year in wages and holiday pay, a new academic study claims. An interim report, The Weighted Scales of Economic Justice , from researchers at Middlesex University and the Unpaid Britain project shows £1.2 billion of wages are unpaid each year, along with £1.5 billion of holiday pay. The research, led by Professor Nick Clark, also found numerous breaches of employment rights, with one in 12 workers not receiving a payslip and one in 20 receiving no paid holiday. The report claims that many companies and directors were repeat offenders in withholding wages, and directors of half the companies that were dissolved and had defaulted on wages, returned as directors of other companies. Lead author, Nick Clark, said he believes these facts are the “tip of the iceberg” as accurate data around unpaid wages is difficult to uncover.

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3D printing and Virtual Reality could reduce waste in design and construction says BCO

3D printing and Virtual Reality could reduce waste in design and construction says BCO 0

by • Architecture, Facilities management, News, Property, Technology, Workplace design

3D printing and Virtual Reality could reduce waste in design and construction

Digital technologies such as Virtual Reality (VR) and 3D printing could help reduce waste during a design and construction project, suggests a new report from the British Council for Offices (BCO). “Virtual Reality and 3D Printing – Reducing waste in office construction through new technology” reviews the existing applications of these technologies and their ability to mitigate waste during the design and construction process. The report, which is the result of a collaboration between an international team of multi-disciplinary experts also identifies opportunities and challenges for the technology in the future. According to the authors, if the UK construction industry is to come anywhere close to achieving the ambitious targets set out in the Government’s 2025 construction strategy there needs to be a sensible re-think about how we design, procure and construct buildings in the future; and two technologies that are now reaching maturity and could help are VR and 3D printing.

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RICS and banking sector sign commercial property valuation agreement

RICS and banking sector sign commercial property valuation agreement 0

by • News, Property

The Royal Institution for Charted Surveyors (RICS) and the British Banking Association (BBA) have signed a memorandum of understanding outlining their commitment to maintaining high standards in commercial property valuation. The trade bodies intend to future proof the profession by working on maximising consistency in standards of practice, supporting risk-based regulation and tools for managing risk and liability in valuation. Three key areas to be addressed have been highlighted in the agreement: the balance of risk and reward in valuation services, education on liability and risk for lenders and valuers, and clarification of the standards expected in the sector.  RICS is set to publish revised guidance on risk, liability and insurance in valuation to help the market to address the challenges that surfaced following the global financial crisis in 2008 and 2009. As a result of the report Balancing Risk and Reward: Recommendations for a Sustainable Valuation Profession in the UK Dr Oonagh McDonald CBE, RICS has been working with the BBA and the wider industry to deliver improvements to the commercial secured lending sector.

Millennials most likely to have left their jobs by the end of this month 0

by • Flexible working, News, Technology, Workplace

An exodus of staff is expected at the end of June, claims a new study which predicts that 36 percent of employees will have left their jobs by the end of this month. Research from Robert Half UK entitled: ‘It’s time we all work happy: The secrets of the happiest companies and employees’ finds employees in London and the East of England are most likely to have left their roles by the end of June with nearly half of Londoners (49 percent) and 42 percent of those in cities like Cambridge, Norwich and Peterborough admitting they anticipate quitting their jobs in the first six months of the year. This trend is being driven by the millennial generation (aged 18–34), who despite experiencing above average levels of happiness (71.7) and interest (71.3) in their roles, are more likely to have left their jobs (49 percent) compared to a third of 35–54 year old’s and a fifth (21 percent) of those aged over 55. (more…)

Job polarisation is being driven by lack of access to technological skills, warns OECD

Job polarisation is being driven by lack of access to technological skills, warns OECD 0

by • Knowledge, News, Technology, Workplace

productivityThe employment rate throughout OECD areas is finally returning to pre-crisis levels, but people on low and middle incomes have seen their wages stagnate and share of middle-skilled jobs fall. This is according to the latest OECD Employment Outlook 2017 which finds that the employed share of the population aged 15 to 74 years rose for the third consecutive year, and is expected to reach 61.5 percent by the end of 2018, above its peak of 60.9 percent in the fourth quarter of 2007. Its projections for the UK’s economy for 2017-18 anticipate that growth will ease as rising inflation weighs on real incomes and consumption, but business investment will weaken amidst uncertainty about the United Kingdom’s future trading relations with its partners.

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Climate change demands a rethink for our economic models

Climate change demands a rethink for our economic models 0

by • Environment, News

Swift and effective action is needed to create new, sustainable economic models to mitigate the adverse effects of climate change on the world’s working population, claims a report published by the International Bar Association Global Employment Institute (IBA GEI). The Climate Change and Human Resources Policies Report focuses on the relationship between climate change and employment, and aims to contribute to nascent discussions anticipating structural changes to business and the training needs of workforces transitioning to low-carbon economies. The report also highlights potential issues in relation to employment policies, labour law, ‘weak’ jobs, ‘expanding’ jobs and new jobs. Further, it draws attention to what some countries are doing to help their nations’ employees adjust to industrial change, and how trade unions, employers and educators are working together to deliver green skills training.

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Will battery storage be the next big energy trend for commercial buildings?

Will battery storage be the next big energy trend for commercial buildings? 0

by • Environment, Facilities management, News, Property, Technology

Building managers and FMs are under growing pressure to reduce costs and convince senior management about the need to take control of their energy needs according to a survey carried out a recent energy event; which also revealed that the majority (56 percent) believe that battery storage will be the biggest energy trend in the next decade. This was according to delegates at the recent Energy Live Future conference at Leicester’s National Space Centre where more than a third (38 percent) of delegates at the event, sponsored by British Gas Business, agreed that reducing energy costs remained the central energy issue for large organisations and those who manage commercial buildings. This was closely followed by the challenge of convincing business leaders to allow investment in new technology (35 percent). Nearly half (48 percent) of delegates suggested that political uncertainty, caused by the General Election, Brexit and changing regulation, could make it even more difficult for them to make significant energy changes.

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