Tech-savvy Gen Z, born between 1997 and 2015, are now entering the workplace … and if businesses are going to attract the best young talent they need to make sure their offices appeal
Flexible working has reshaped the nature of the workplace. Employees want it, viewing hybrid working is an essential feature of modern work, with nearly half the workers in a recent survey willing to reject a double-digit pay rise to preserve flexible working provisions.
Over the past year, some of the world’s largest companies have cracked down on remote working and mandated that their employees spend more time in the office. Such a move has raised the question of whether this signals the beginning of the end of hybrid working.
WeWork’s recent decline has become a global spectacle, dominating headlines from rumours of bankruptcy to the filing, of exposés on the founder. And the latest twist in the unfolding saga? Competitors are already looking to occupy WeWork’s soon-to-be-abandoned properties.
A push for hybrid working is taking over modern businesses, with 76% of employees viewing this style of working as the core perk for a new role. 1 With the Flexible Working Bill recently achieving royal assent, this “perk” of the job is set to become more than just an advantage.
Despite the recent enaction of the Flexible Working Bill into law, UK organisations have yet to find a unified approach to hybrid working. Indeed, for many businesses, the past few months have been characterised by some high-profile companies insisting that their employees work from the office on an almost full-time basis.
When Adam Neumann, co-founder of WeWork admitted that the company had not “taken advantage of a product that is more relevant today than ever before,” those in the flexible office sector were left nodding their heads in agreement.
Now more than ever, graduate retention is a paramount concern for UK towns and cities. Graduates are increasingly employable and yet, recent studies indicate that graduate retention is at a record low, with only 71% remaining in the same role for more than three years.
The landscape of modern business operations has been fundamentally reshaped by the advent of remote work, with 58% of employers offering remote working provisions to staff in 2023. However, the extent to which this novel mode of work is embraced remains a subject of ongoing debate.
As royal assent makes the 2023 Flexible Working Bill a reality in British law, the future of hybrid working has risen to the forefront of people’s minds. For the 80% of UK employees who cite flexible working opportunities as a crucial factor in job evaluation, this new legislation offers welcome ammunition in their fight for flexibility.
Workplace Wellbeing Professional - 9 November 2023
Niki Fuchs
4 min read
12 Dec 2023
Typically, employers have viewed providing healthcare benefits as a valuable perk rather than a fundamental need. However, a recent report from the Chartered Institute of Personal Development has highlighted a concerning trend: the number of employees taking leave of absence due to poor health is at its highest point in a decade.
We have seen a dramatic transformation in recent years when it comes to employees’ expectations of their employers. It is a change that has come with good reason. Employee healthcare has evolved from being a mere perk, to becoming an indispensable asset in today’s competitive business world.
There's nothing revolutionary in the statement "flexible working is here to stay". Over the past few years, hybrid and home working have metamorphosed from quietly growing trends to major facets of Britain's business life.
Jerry Alexander from the Commerical Property Investors Podcast sits with Niki Fuchs and talk about design-driven approach to Commerical Property Investing. Niki covers a big range of topics, including the company's history, range of services offered, and the unique design elements found in each building.
For employers and employees, the bill’s arrival marks a significant shift in the ongoing debate between those calling for flexibility and those who want to retain a traditional, in-person way of working.
Now, with flexibility set to become more than just a perk of the job, the question of how this debate can be settled looms larger than ever.
The post-pandemic world has witnessed a significant shift in how we work. Employers and employees alike have embraced the hybrid working style that’s been made possible by modern technology.
As Cardiff’s workforce returned to their masses, the office market recorded a year-over-year increase of more than 80% in 2022, its best take-up since 2018.[1]
But if the pandemic has taught us anything, it’s that situations can change drastically overnight. Covid-19 may be behind us, but there are many challenges ahead and businesses must take steps to protect against future disruption. The solution lies in flexible workspaces — a growing trend that Cardiff has been quick to embrace.
The commercial real estate sector has been facing volatile and uncertain times in the past few years, due to a range of factors such as Brexit, pandemic-related disruptions, and economic headwinds.
Over the past few years, the commercial real estate sector has faced a period of volatility and uncertainty with Brexit, the pandemic and economic headwinds creating a challenging environment for investors and occupiers. Despite these pressures, the flexible office space sector has emerged as a beacon of hope.
The landscape of work has undergone a dramatic transformation in recent years, largely driven by technological advancements and the pandemic which has only served to accelerate the shift towards remote work.
The recent comment from Jeremy Hunt that office work should once again be the “default” for employees is the latest stroke in an ongoing battle between in-person and home working. What is different here is that Hunt speaks not as an employer or an employee, with a personal stake in the matter, but instead as Britain’s Chancellor speaking on behalf the UK’s economic wellbeing.
A proposal of new legislation was announced late last year giving workers in the UK the right to ask for flexible working from the first day of a new job. Aimed at supporting employees who have personal commitments such as caring for children or vulnerable adults, the raft of new measures looks to give employees more control over their working options.
As part of his regular contribution to the Founders Diaries over on Real Business, Giles Fuchs discusses the importance of having the right management structure in place and how this has played a significant part in the success of Office Space in Town.
Check out Giles' latest online contribution, this time with Allwork, on how serviced office providers in London must continue to deliver and innovate to stay ahead in the industry.
Read the article here.
This month, Giles Fuchs writes in Real Business about the importance of your office space and the effect that has on productivity and working smarter.
"The physical wellness of employees is clearly linked to productivity. The incorporation of breakout spaces, communal areas and even gyms encourage...
Office Space in Town was established to respond to a growing demand for a new generation of workplace, with remote working, rapidly evolving startups, co-working and the millennial entrepreneur generation becoming increasingly popular – Office Space in Town provides facilities that appeal to all...
As we discussed in our previous post (read the article here), the modern workforce has a completely new set of needs and expectations when it comes to their workplace. With that in mind, the industry has been forced into change to accommodate this. One of the key leaders and disruptors of this is...
This month is an exciting article in CEO Monthly from Office Space in Town Managing Director, Niki Fuchs, discussing her insight and learnings through her journey to becoming a female executive particularly in a male-dominated industry.
Read the article here.
Managing Director of Office Space In Town (OSiT), Niki Fuchs, talks to Workplace Insight about the issue of gender equality in the property and construction industry.
Niki discusses the projected growth of women in the workforce due to the skills typically attributed to women such as flexibility,...
In his latest entry for Real Business, Giles Fuchs outlines his advice for entrepreneurs and small businesses seeking investment having experienced the challenges himself from trying to convince investors that his serviced office concept, at the time back in 2009, was viable and profitable to now...
This insightful report by Instant Offices has analysed the market data from the past 12 months and asked the experts in the industry about what they foresee being next for co-working and flexible working. The industry is particularly attractive to SME’s who don’t want to be tied down to long-term...
OSiT CEO Giles Fuchs is featured here in this column for CoStar, who are a leading source for commercial real estate information and analysis.
Having been backed by international investors, one of which includes US-based Forum partners, OSiT have some great insight into this area.
Click here to...