UK Economic Outlook: Late-2022

The IMF has announced that the global economy is facing a potential downturn, with rising prices around the globe as a result of the war in Ukraine. The organisation stated that “for many people, 2023 will feel like a recession”, and emphasised the need for international cooperation between governments and central banks to alleviate populations bearing the brunt of the coming economic downturn.

Based on recent forecasts, the United Kingdom is at a high risk of experiencing a sustained recession for the next three quarters. However, all analysts are in agreement that the Government’s recent intervention on energy bills has significantly decreased the likelihood of a severe downturn. High energy prices, rising inflation, and increasing interest rates caused by global economic weakness are the main reasons behind this predicted period of recession.

Some forecasts, such as Goldman Sachs’ revised analysis, outline that the United Kingdom is still likely to enter a deeper than expected recession in 2023. In an analysis released mid-October, the investment bank downgraded its outlook for Britain, forecasting the UK economy would shrink by 1% next year, lower than their previous estimate of 0.4%.

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Office Safety Tips | 11 Ways to Improve Your Workplace

You probably think of office safety as something that only matters if you work on a construction site or in a factory. The truth is, no matter what type of job you have, there are certain vital safety hazards you need to be aware of at all times. In fact, according to the National Institute for Occupational Safety and Health, office workers are injured on the job more often than people in any other profession.

The Occupational Safety and Health Administration reports that there are more than 20,000 office-related injuries each year. The most common office injuries are slips, trips and falls, followed by repetitive strain injuries such as carpal tunnel syndrome. However, there are also a significant number of workplace violence incidents reported each year, with more than 1,000 employees being injured as a result.

Why Office Safety Should Be a Top Priority for Any Business

Office safety should be a top priority for any office-based business for a variety of reasons. First and foremost, a safe office environment is a productive office environment. When employees feel comfortable and secure, they are more likely to be productive and engaged in their work. Additionally, a safe office environment helps to reduce the risk of accidents and injuries. Even small accidents can lead to lost productivity, tension within the workplace, and increased insurance costs. Finally, prioritising office safety sends a message to employees that their health and wellbeing is important to the company, helping to build morale and cultivate a more positive working environment. When it comes to running a successful business, office safety should be at the top of the list.

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Hybrid & Flight to Quality – Changing the UK Office Landscape

Numerous key factors have dramatically impacted the UK office space landscape in recent years. Changing employee demands and ever-evolving communications technologies have resulted in a world of work that is much more diversified, decentralised, and agile than seen in years prior.

The adoption of hybrid working practices and the flight to quality seen within the UK office space market stand as two such factors that have undoubtedly altered the landscape across multiple industries. This article will explore these two concepts and provide a general explanation of the way in which these two concepts have changed the market, whilst also providing insight on potential future events.

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UK Regional Office Market Report 2022

How is the UK’s Regional Office Market Performing in 2022? 

After two years of uncertainty and upheaval caused by the COVID-19 pandemic, the UK regional office market has regained footing in the new, changed working world. Each regional locale is experiencing different conditions, with some faring better than others, making it essential to be aware of key regional variations.

In this article, we assess the overall performance of the regional office market in recent times, whilst also looking into the factors that have defined this market throughout 2022. We’ve generated our insights from the latest data out of market leading sources, such as CBRE, Savills, Avison Young, and Cushman Wakefield.

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28 Clever Ways to Organise Your Desk for Maximum Efficiency

A cluttered desk equals a cluttered mind, right? Not necessarily. You can be just as productive with a messy desk as you can be with a clean one – as long as you’re organised! Whilst TikTok, Instagram, and interior influencers like Marie Kondo might tell you that less is more, many office workers simply can’t afford to be minimalists when it comes to their workstations. In this blog post, we’ll discuss 28 clever desk organisation ideas for maximum efficiency. Whether you’re looking to fully optimise your workspace or just want some new ideas, we’ve got you covered! So let’s get started!

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UK Businesses Embracing the 4 Day Work Week

calendar outlining a 4 day work week

The 4 day work week has been a hotly debated concept in recent years, particularly in response to ongoing discussions surrounding employee experience and work-life balance. JLL’s 2022 Workforce Preferences Barometer, which delves deep into the desires of post-pandemic office workers, highlights a prominent gap between the flexibility currently being offered by employers and demand from employees. Currently, 56% of employees express a desire for a 4 day work week option, whereas it’s only provided under 29% of companies’ Employee Value Propositions (EVPs). 

This 27% gap between workforce expectation and market supply clearly illustrates the need for more businesses to consider leaving the five-day working week behind, or at least attempting to do so through a considered trial period. With various studies highlighting the benefits to business productivity, retention, and overall employee life satisfaction that such a shift can provide, it’s no surprise to see a groundswell of support.

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Rising Demand in the UK Flexible Office Space Market

empty chair in front of a desk with a half-opened laptop on itThe events of 2020 caused substantial disruption to the commercial real estate sector. The office space market in particular was heavily impacted by lockdowns and other pandemic-related restrictions, still struggling to get back to pre-pandemic occupancy levels more than two years on.

Prior to the pandemic, non-traditional working models had already gained some prominence. Having now emerged on the other side into a ‘new world of work’, the adoption of flexible workspaces has accelerated interest in both hybrid and remote working models. An ever-increasing number of businesses are now finding themselves entering the flexible workspace market, increasing uptake in tandem with society-wide changes towards remote working, heightened mobility, and the overhauling of workspace design.

Although demand and activity levels for traditional offices are still lagging behind pre-pandemic expectations, opportunities for growth are emerging in other parts of the office space industry. In this article, we discuss the increasing demand for flexible office solutions seen across the UK, and the impact of this trend on wider CRE and labour markets.

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How Long is Maternity Leave in the UK? A Full Guide

If you are pregnant and working in the UK, you may be wondering how long your maternity leave will be. The good news is that UK law entitles most pregnant employees to a minimum of 52 weeks of maternity leave. This leave can be taken all at once, or split into several periods, as long as the total amount does not exceed 52 weeks. In this blog post, we will discuss the length of maternity leave, how to take maternity leave in the UK, the benefits often associated with this time away from work, and what rights you have as an employee.

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10 Common Employee Misconceptions in the Workplace and How to Avoid Them

There are many misconceptions that employees can possess about the workplace and their role in it. Unfortunately, the vast majority of these misconceptions can lead to tension and conflict in the office, potentially harming productivity and damaging relationships with coworkers. It is important to be aware of these workplace myths and learn how to deal with them effectively.

In this blog post, we will discuss 10 of the most common employee misconceptions and how to avoid them.

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5 Things That UK Employees Want in an Office Environment

The needs and preferences of office workers have changed dramatically in recent years, causing much of the market to shift their offerings to create a positive work environment that stimulates employee engagement. These changes have largely been linked to increased demand for flexibility in the workplace, in addition to more humanistic office design elements and healthy working initiatives.

It’s well known that happy workers are more productive. An extensive study out of the University of Oxford even quantified this boost – with a finding that happy workers are 13% more productive. Employees are undoubtedly the most valuable asset for the vast majority of businesses, making a focus on improving mental health and building a positive working environment extremely vital.

But what exactly do employees want in an office environment? What types of things can employers provide to strike a healthy balance between productivity, positive reinforcement, hard work, and employee happiness? Below, we’ve collated five core things that employees can do to make employees feel happy at work, both inside and outside the office walls.

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