Connect with us
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Business

LATEST REPORT REVEALS WHY 2017 IS THE YEAR OF FLEXIBLE WORKSPACE

Published

on

LATEST REPORT REVEALS WHY 2017 IS THE YEAR OF FLEXIBLE WORKSPACE
  • New report reveals a 12-month snapshot of flexible workspace market data
  • Data indicates co-working and hybrid space has doubled globally in four years
  • Market shocks like Brexit and the Trump victory saw demand for flexible workspace increase
  • Experts weigh in on market growth, trends and the future of the industry
  • Demand is more than 15% year-on-year in the UK and more across EMEA

Is co-working really a disruptive force that could change the way occupiers use space? According to Instant Offices latest report ‘2017: The Year of Flexible Workspace’, it appears it already has.

The report takes a look into insights and commentary on the increasing demand for flexible space, market growth predictions, landlords and their approach to flexible space, the kinds of companies looking at flexible space, whether the industry has enough support and the future of the industry as a whole.

The Biggest Story in Property Right Now

Co-working and hybrid space has doubled globally since 2013 and now accounts for a third of all flexible space across the world. In the UK alone, the market is estimated to include about 52m sq. ft. of space with London accounting for 19m sq. ft. of that. Just last year, co-working space grew by double figures in the capital. With such rapid growth – occupier demand surpassed the growth of market supply last year – co-working and flexible space has been one of the biggest stories in property over the last few years.

Flexible Workspace Report Highlights

  • What Has Changed in the Market?

Have major political and economic outcomes of the previous year affected the market? According to Beth Hampson, head of sales at LEO, “with different markets facing uncertainty, flexible office space becomes even more vital as it offers clients a solution for flexibility in both contractual terms and size of space”.

  • The Demand for Flexible Space

Could the fact that flexible workspace is growing more than 15% YoY in the UK and even more across EMEA have anything to do with Millennials? According to Joe Gaunt, UK MD at WeWork, it could. He says, “there are 190m millennials in Europe who will soon inherit the workforce, and this new generation is concerned with finding meaningful connections in the places that they work and live”.

  • Predictions on Market Growth

With the supply of co-working growing by double figures in central London city fringe markets in 2016, some experts are predicting that growth will spread from high-density city sites to satellite towns and rural locations.

  • Are Landlords Adopting a More Flexible Approach to Co-Working Space?

With such a high demand for office space landlords are adopting a more flexible approach to remain competitive. According to Beth Hampson it can, in some instances, be more lucrative for them as they can offer a higher premium for shorter contract terms.

  • What Kinds of Companies Are Looking at Flexible Space?

Tech companies were once thought to be the most suited to this kind of working but today all sectors are looking for flexible space. According to WeWork, entrepreneurs, start-ups and SMEs are often thought of as typical members, but there has been a dramatic increase in enquiries from mid-to-large-sized companies.

  • Future of Flexible Office Space

Flexible workspace and co-working is now a worldwide phenomenon, and with increasing demand comes increasing competition. According to Richard Taylor from TOG, “the winners of the battle to attract and retain members will be the ones who offer something meaningfully different.”

Uncover all of the data and expert insights in Instant Offices’, 2017 The Year of Flexible Workspace.

Business

Time for the adaptive profession – APM reveals findings of its Projecting the Future report  

Published

on

Time for the adaptive profession – APM reveals findings of its Projecting the Future report   1

The project profession is at the forefront of change, but needs to continually develop skills to stay relevant

15 September, 2020 – Association for Project Management (APM) has released the findings of its year-long conversation with the project profession in its latest Projecting the Future1 report, The Adaptive Project Professional.

The report, which draws on contributions from APM members, project professionals and external organisations, sets out a series of ideas and insights to help shape the future of project management. It also highlights that now is the time to focus on the ‘adaptive’ project professional.

The adaptive project professional must be able to adapt in an era of unprecedented technological, social and environmental change. As the project profession will be at the heart of creating and delivering such change, adaptability is key. Adaptive professionals are characterised as being responsive to the shifting contexts in which they work, having the right skills set, continually learning, able to utilise new technology, engage with stakeholders, highly proficient communicators, leaders and managers of their project teams.

The coronavirus pandemic has demonstrated how adaption is so important in keeping up with the pace of change, from the building of the NHS Nightingale hospitals, the Ventilator Challenge, the government’s furlough scheme, and the race to find a find a vaccine for Covid-19 – and project professionals have been at the heard of making these innovative changes happen. As the report also highlights, the project profession will need to respond and adapt quickly to the other major challenges facing the world including climate change and the transformation of the economy by new technological advance.

Tim Banfield, chair of the Projecting the Future group which oversaw the debate said: “Project management already plays a pivotal role in the changing world and contributes an estimated £156.6 billion2 of gross value added to the UK economy. Moving forwards, adaption will be vital, both in how we help organisations adapt, delivering successful projects, and in how we adapt ourselves, continually developing and evolving our skills and behaviours to keep pace.

“The report sets out eight ideas to support a more adaptive profession3, one which will be centre stage in the effort to bounce back from the coronavirus pandemic and adapting to the challenges of the fourth industrial revolution, climate change and increasing human longevity.”

Debbie

Debbie

Debbie Dore, chief executive of APM, added: “The ideas and recommendations presented in the report are a result of APM listening to our members, and conversations about some of the most profound changes under way in our economy and society. Although we continue to face very challenging circumstances, the project profession should face them with confidence. Projects are how change happens and have played a vital role in the crisis response and will be every bit as important in reshaping, reviving and rebuilding the economy.

“Adaptive skills are essential, and it’s important for today’s professionals to take learning and training seriously, right the way through their careers. As the chartered body for the profession, APM continues to offer a range of qualifications and training to support a successful career in project management.”

Other core ideas to emerge from the report range from a need to build the profession’s talent pipeline, from starter to chartered: providing new routes into the profession both for young entrants, and for more mature professionals and mid-career changers. Hand in hand with that, there is a need to strengthen the culture of professionalism through life, supported by employer commitment to training and an ambitious new policy framework that caters for learning at all stages of life.

The Projecting the Future debate also demonstrates the desire of project professionals to have a more influential role in shaping the strategy of projects. Projects are how change is delivered, and so they are critical to strategy, and need to be a bigger part of strategy development across all industry sectors.

Promoting the profession and building its impact is also highlighted in The Adaptive Professional report, continuing to champion the importance and influence of the profession as an agent of change across the economy and society.

Continue Reading

Business

Staff training crucial for SME recovery post-COVID

Published

on

Staff training crucial for SME recovery post-COVID 2
  • 47% of UK’s top performing SMEs provide regular, formalised training for all staff
  • Despite this, 15% of small businesses report to never training staff
  • New findings come as part of an independent, holistic study into small business success, commissioned by Allica Bank to support British businesses

A new study, commissioned by business bank, Allica Bank, shows that the practice of regular training correlates strongly with high performance in SMEs and will be vital to businesses’ prospects of a swift recovery post-COVID. The study analysed data from over 1,000 companies and ranked their success on a scale that evaluated factors including productivity, growth, consistency and outlook.

Post-pandemic, many businesses will be focussing on day-to-day survival; it might be easy to forget long-term planning, of which staff training is a key component. Allica Bank’s findings indicate that small businesses should incorporate training programmes into their recovery strategy to ensure long-term viability. Training will improve morale, retention and boost the company’s credibility.

The study showed that routine staff training is a common characteristic among the most successful SMEs. 47% of the 100 highest scorers on the SME Performance Index provided training for employees at least on a quarterly basis. However, nearly half of all small businesses (46%) only provide training once a year or less, inadvertently hindering their growth and success prospects.

Frequency of training also differed across sectors. 34% of legal businesses provide training for staff once a month compared to just 6% in the hospitality and leisure sector. Whilst there will always be sector-specific disparities, firms in all industries can benefit from boosting and improving their training programmes.

Chris Weller, Chief Commercial Officer, Allica Bank, said:

With so many concerns and barriers for small businesses to navigate in the immediate term, it can be difficult for managers to focus on the training and development of their teams. However, if COVID has taught us anything, it is that adaptability and resilience are invaluable.

“The provision of regular training not only builds these characteristics into teams but serves to maintain a sense of value and togetherness that will boost morale, aide retention and improve performance – all of which contribute to the ongoing success of a business.”

“There is no one-size-fits-all approach to training, but it’s vital for business longevity that staff are supported with a formalised programme of some description. Customers will respond well to a company whose employees demonstrate enthusiasm and competence. Employees also need to feel that their skills are constantly being improved and expanding. These skills will contribute to the success of a company and this will feed through to the bottom line.”

Allica Bank’s SME Guide to Success identified six ‘rules to success’ that were more likely to be displayed by top-performing SMEs compared to their counterparts. The full report contains a wealth of additional data and insight into each of these topics.

As part of its mission to empower small businesses, Allica Bank is making the findings freely available and running a series of free online workshops with relevant partner organisations for businesses to attend.

Aliya Vigor-Robertson, CEO, JourneyHR, the expert partner for Allica Bank’s training workshop, adds:

Staff need direction and the knowledge that they are advancing in their career to stay motivated and engaged at work. An unmotivated, disengaged team is no recipe for long-term success and will ultimately hamper a business. Team members that lack tangible support from above are less likely to identify with their role and its duties, which is a completely natural reaction.

“Regular staff training is a key component of tangible support and will make the team feel secure in their career development. A happy team with purpose and direction will contribute to a thriving business”

Continue Reading

Business

What Is Globalization

Published

on

What Is Globalization 3

What is globalization? Globalization, or inter-connectedness, is the ever-growing process of integration and interaction among countries, individuals, businesses, and even governments all over the world. Globalization has rapidly accelerated in recent years because of advances in communication and transportation technology. This allows us to be able to get from one country to another quickly and easily. This also allows us to communicate freely use the Internet to connect with our friends and families around the world.

So what is globalization and why is it important? Globalization will benefit many people around the world who are looking to travel more freely, save money on their monthly expenditure, be able to meet new friends and relatives from different parts of the world, learn more about a new culture, and take part in trade and commerce.

Globalization will benefit all of us because there will be more opportunities for everyone to participate in global markets. People in different countries have access to resources, information, and products they wouldn’t have otherwise been able to afford. There are also many opportunities for people to work at home.

Globalization is not just an economic boon, but it can also benefit all of us in other ways. As globalization continues, the boundaries between individuals, states, and countries will become less porous. There will be fewer political conflicts in the world, less violence, and a greater sense of cooperation, tolerance, and peace. These are all positive impacts of globalization.

However, globalization has also created some negative effects as well. It has caused people from one country to move to another to take advantage of globalization. This is also leading to some negative consequences such as a reduction of jobs in some countries. The effects of globalization also include increased competition and unemployment in many countries. Due to this decrease in jobs, wages are dropping.

The only way we can stop globalization is to make sure that we know what it is and what its benefits are. We must understand globalization and its impact on our lives and make sure we are ready to accept the changes that it may bring. if it is inevitable in the future.

The key is to be educated about globalization. There are plenty of books, websites, and television shows that explain how globalization is impacting us and the rest of the world. Globalization is not always bad, but we must be careful not to lose sight of its positives.

In the end, globalization is here to stay, so we must learn to live with it and embrace its benefits. We cannot fight it and try to fight it off, but we must learn to deal with it. And we can do that by educating ourselves. Globalization is here to stay for the long term but we must learn to adapt to it and learn how to live with it.

Globalization can be beneficial for all of us, but it has also caused many problems in the past. There were many cases of unfair trade practices and there was the rise of unfair labor practices. Some people argue that globalization has also reduced the pay of most Americans. So while globalization is definitely not all bad, we should understand that the benefits of globalization are not unlimited. and that we must be willing to give it some limitations and accept some sacrifices.

The biggest benefit of globalization is the ability for all of us to communicate with each other easily. The ability to connect with other people across borders makes it possible to share ideas, information, and knowledge. Since we can communicate with each other, the chances of getting a good price for our goods or services goes up dramatically. and it also allows us to save money by buying in bulk. This also translates to more savings on our end.

As mentioned earlier, globalization has brought about a change in the way people work and live because people are no longer tied down by jobs. They now have the freedom to travel and do what they enjoy.

As globalization continues, there will always be some people who are unhappy with globalization and are afraid to open their eyes to new opportunities that are available to them. But that is okay; this is part of the process of globalization.

Continue Reading

Call For Entries

Global Banking and Finance Review Awards Nominations 2020
2020 Global Banking & Finance Awards now open. Click Here

Latest Articles

Time for the adaptive profession – APM reveals findings of its Projecting the Future report   4 Time for the adaptive profession – APM reveals findings of its Projecting the Future report   5
Business22 mins ago

Time for the adaptive profession – APM reveals findings of its Projecting the Future report  

The project profession is at the forefront of change, but needs to continually develop skills to stay relevant 15 September,...

Setting up secure remote working for financial services 6 Setting up secure remote working for financial services 7
Technology1 hour ago

Setting up secure remote working for financial services

By Pete Watson, CEO, Atlas Cloud Financial advisors, insurers, banks and brokers; the entire financial services sector has been forced...

Ensuring ATMs aren’t the weakest link to banking cybersecurity 8 Ensuring ATMs aren’t the weakest link to banking cybersecurity 9
Banking1 hour ago

Ensuring ATMs aren’t the weakest link to banking cybersecurity

By Elida Policastro, Regional VP – Cybersecurity division at Auriga Digital banking brings huge benefits to customers, but the risks...

A sleeping digital giant wakes? 4 key trends accelerating payments transformation in the US 10 A sleeping digital giant wakes? 4 key trends accelerating payments transformation in the US 11
Top Stories3 hours ago

A sleeping digital giant wakes? 4 key trends accelerating payments transformation in the US

By Lauren Jones, International Payments Ambassador, Icon Solutions The US payments industry is undoubtedly ripe for change. Before the unprecedented...

Return to Work Doesn’t Mean Business as Usual When it Comes to Travel and Expense 12 Return to Work Doesn’t Mean Business as Usual When it Comes to Travel and Expense 13
Top Stories4 days ago

Return to Work Doesn’t Mean Business as Usual When it Comes to Travel and Expense

By Rob Harrison, MD UK & Ireland, SAP Concur The last few months have been an exercise in adaptability for...

Why technology is key to the future of auditing 14 Why technology is key to the future of auditing 15
Technology4 days ago

Why technology is key to the future of auditing

By Piers Wilson, Head of Product Management at Huntsman Security The Financial Reporting Council (FRC), which is responsible for corporate governance,...

Staff training crucial for SME recovery post-COVID 16 Staff training crucial for SME recovery post-COVID 17
Business4 days ago

Staff training crucial for SME recovery post-COVID

47% of UK’s top performing SMEs provide regular, formalised training for all staff Despite this, 15% of small businesses report to...

What Is Globalization 18 What Is Globalization 19
Business5 days ago

What Is Globalization

What is globalization? Globalization, or inter-connectedness, is the ever-growing process of integration and interaction among countries, individuals, businesses, and even...

What Is Microsoft Teams 20 What Is Microsoft Teams 21
Business5 days ago

What Is Microsoft Teams

Microsoft Teams is an application and web-based collaboration tool that combines chat, videos, online collaboration, document storage, and collaboration with...

What Is Capitalism 22 What Is Capitalism 23
Business5 days ago

What Is Capitalism

What is capitalism? Is it a great economic system or just another economic system that is not so great? Well,...

Newsletters with Secrets & Analysis. Subscribe Now