A lot of businesses are looking for ways to make their workforce more productive. This includes creating a strong benefits package that will encourage employees to work harder. It can also help if the company has an employee-friendly culture. Here are a few tips that will help you create a great benefits program.
Requirements for suppliers and tenants
The Mileway Code of Business Practice, an acronym for “Mileway,” is a business initiative to set standards of quality for both tenants and suppliers. It is designed to ensure that each is meeting the minimum requirements for a successful working relationship.
This includes a Mileway Supplier Code of Conduct that outlines the expectations of suppliers. As a large tenant, Mileway requires a number of things from its vendors and subcontractors. They include a robust set of environmental controls to mitigate potential negative impacts.
In addition to the code of business practice, Mileway also has a set of standard operating procedures that it expects its suppliers to abide by. From risk-based health and safety policies to a well-trained workforce, each component of the organization must demonstrate the right amount of diligence.
While the Mileway has its faults, its portfolio has seen a relatively minor impact, especially compared to other asset classes. On the plus side, the company is taking steps to mitigate the effects of the Coronavirus Disease (COVID-19), a virus that has plagued the CRE industry in recent years.
Blackstone’s investment in Mileway
Blackstone, the world’s largest private-equity firm, has made a big bet on the warehouse industry. In less than a decade, the company has acquired more than 1 billion square feet of logistics space.
Last summer, the firm announced a plan to recapitalize Mileway, Europe’s largest last-mile logistics real-estate company. The move came as consumer demand for faster shipping increased.
The company has a portfolio of more than 1,700 assets in 10 European countries. Its network of warehousing facilities in urban areas serves companies that require quick delivery. The company employs 350 people across 26 offices.
Mileway owns properties in Germany, France, and the U.K., as well as the Netherlands. With more than nine million square meters, it is the biggest owner of last-mile logistics real estate in Europe.
Investors can increase or decrease their shareholding in the company. In addition, they can exit for cash. The deal has been subject to a “go-shop” process, which allows competitors 75 days to enter the race for the company.
Requirements for workers’ freedom of movement
One of the founding principles of the European Union is freedom of movement. Specifically, this includes the right to work in another EU member state, the right to reside in another EU member state for longer than six months and the right to take family members with you. Moreover, the free movement of labour complements the free movement of goods and services.
The concept of the free movement of workers has been in existence since the early days of the European Union. It is enshrined in various regulations, including Council Directive 68/360 and Directive 2014/54/EU. However, restrictions on movement make exercising the free movement of workers more of a chore than a joy.
A better approach is to allow workers to choose their own path. While this will limit the extent of their mobility, it also opens the door to more innovation in the labour market. In order to facilitate mobility, the EU created the European Labour Authority (ELA), a dedicated agency that provides assistance to workers who are relocating to another EU country.