BIFM, Barclays and publishers i-FM are once again collaborating on the Facilities Management (FM) Business Confidence Monitor; the barometer, measuring buoyancy across the FM sector which is now open to the sector to take part in and share their views.
The results, due to be published in March, will give a clear indication of the current state of play in the sector. They will also act as a measure of overall business confidence for the coming 12 months.
To help create this picture of what’s in store for the FM sector, views are sought from those within service providers, large and small, whether it’s those delivering services or those tasked with generating growth. The monitor asks for opinion on current business performance, business outlook and individual career prospects.
Peter Brogan, Research and Information Manager at BIFM, said “The BIFM FM Business Confidence Monitor is establishing itself as an important pulse check for the facilities management industry, capturing a picture of FM market confidence by canvassing views of the sector’s senior decision makers and the teams delivering those services on the ground throughout the UK.
“For 2016 we’ve refined the survey, and included new questions around the impact of the new National Living Wage, announced by the Chancellor of the Exchequer in the July 2015 budget. We are very eager to understand how the FM sector thinks the mandatory pay increase from April 2016 will affect them, as estimates claim over a million workers in the UK aged 25 and over will benefit from the wage increase. I am sure there will be a great deal of interest in what the monitor shows in this area, and it’s likely to fuel future debate.”
Twelve months on from the last monitor, the continued collaboration of BIFM, Barclays and i-FM will seek to uncover whether the 54 per cent of participants from the 2015 monitor were accurate in their prediction that the FM business would improve.
David Emanuel, Managing Director of i-FM, added, “Facilities management is a major sector in its own right, of course, but also a good barometer for opinion in the wider business world. As a critical support service, confidence levels in the FM market are indicative of trends, opportunities and concerns right across commerce and government. I invite all FM service providers to join in this survey, helping us to develop the sort of robust data that is appropriate to a £100bn industry.”
Nicki Thomson, Managing Director and Head of Business Services, Barclays, said, “Measuring confidence in this way provides us with a regular pulse check of those who are immersed in the sector on a daily basis. It helps us stay current and relevant in our approach which supports our on-going commitment to what is an important and meaningful segment of the UK economy.”
The FM Business Confidence Monitor survey can be taken here and closes on 26 February 2016. The survey is open to everyone in the FM profession, and all are urged to have their say.
Results from the FM Business Confidence Monitor are scheduled to be published on 17 March 2016 and will be available on the BIFM website.