Many organizations, including those with more than 10 offices, say they either track manually or do not have systems in place to accurately measure the performance of their hybrid work arrangements
Raleigh, North Carolina, December 8, 2022 /PRNewswire/ — FM: Systemprovider of the most scalable and intuitive all-in-one workplace management platform, today released its findings 2022 Refocusing and rationalizing the workplace study Of 456 U.S. business leaders in human resources, finance, facilities and real estate, 43% of business leaders surveyed identified reducing real estate spending as a top priority for the next 1-3 years, with 31% prioritizing investing in the right The workspace is aligned with their organization’s culture and mission. Still, three quarters of business leaders say they lack utilization and space data to make informed decisions about their workplace and real estate needs.
“The data tell us that while many organizations have successfully overcome the challenges of returning to work early after the pandemic, there is still a lot of uncertainty about how their workplaces will work for them – both as companies and their employees,” said Kurt von Koch, CEO, FM: System. “Business leaders realize that the new world of work continues to evolve so rapidly that what seemed like a convenient office location, smart floor plan, or enticing amenity not so long ago may not actually match how, when, and why people use it today. these spaces.”
brian haynesFM:Systems Chief Strategy Officer added: “At the same time, as organizations face continued pressure from tight labor markets and economic uncertainty, they know they can no longer make real estate decisions based solely on cost or availability. To deliver for them Providing the right space and experience for teams, while also identifying opportunities to reduce costs, will require a multi-point data analytics approach. This will capture everything from workplace utilization to employee turnover.”
Here are other key findings for 2022 Refocus and rationalize Workplace Research:
Business leaders value repurposing their offices as workplaces.
After working remotely for so long without compromising productivity, organizations want physical offices to be places where employees want to come to work and can take advantage of in-person collaborations such as collaborative work, ideation and culture-building opportunities.
- Half of business leaders believe their workplace of the future will need to be central to the majority of employees.
- Business leaders cite team meetings (54%), collaborative work (45%), client meetings (37%) and new employee onboarding (31%) as some of the key roles in today’s workplace.
- Nearly 32% of business leaders say finding offices with nearby amenities, including fitness studios, restaurants, coffee shops and outdoor opportunities for employees, is also a top priority for them.
- Health and wellness spaces, such as meditation rooms, outdoor spaces, and dedicated private spaces for employees to breastfeed, also top the list of things business leaders want to offer their employees (28%); indoor air quality (35%) is also a top priority Heavy.
While a majority (80%) of business leaders believe hybrid work will continue to dominate over the next 1-3 years, 61% would prefer employees to return to full-time offices.
While many employers continue to struggle to embrace new ways of working, there is consensus that hybrid work will remain the dominant mode of work.
- Business leaders who believe it is important for employees to be in the office full time say that when everyone is in the office (64%) and supporting the organization’s mission (60%) are the top reasons, this presents an opportunity to strengthen company culture. Nearly half (48%) believe people are less productive when telecommuting. This sentiment is strongest among financial (35%) and healthcare (19%) organizations.
- Even among those who prefer full-time office work, 76% of respondents admit that hybrid work will lead because it allows employees to achieve a better work-life balance. Fifty-six percent also believe hybrid work will help them attract and retain talent.
- More than half (56%) believe hybrid work is here to stay because people can choose how they prefer to get different types of work done, and when and where they are most productive.
- Nearly 36 percent of business leader respondents believe that hybrid working offers the opportunity to reduce real estate volumes, thereby saving real estate costs.
76% of business leaders say they lack utilization or space data to make informed strategic real estate decisions as they face the realities of changing work patterns, changing employee attitudes and expectations, and a potential recession.
Many business leaders have had to make important real estate decisions without reliable workplace data.
- Part of the challenge is that 37% of organizations say they’ve been tracking their new hybrid work arrangements manually or not at all, 31% of organizations with more than 1 million square feet of office space, and 32% of organizations with 10 or more offices.
- Most business leaders would like to spend less time manually tracking employee attendance (41%), manually tracking visitor traffic (38%) and space planning (34%) if they had a job that could automate these tasks Site management solutions.
- Access to accurate utilization (44%) and space (32%) data was considered the most lacking among all survey respondents to confidently inform real estate and workplace decisions over the next 1-3 years; Surprisingly, organizations with more than 8 million square feet of office space reported cost (37%) as the most limited source of data, followed by space (34%).
Read the full FM: System 2022 Refocusing and rationalizing the workplace The survey report is here. The survey was conducted by PureSpectrum on behalf of FM:Systems at November 2022. It includes responses from 456 US business leaders in human resources, finance, facilities and real estate.
About FM:Systems
FM:Systems’ integrated workplace management platform helps more than 1,200 of the world’s largest organizations access, manage and measure every aspect of their real estate portfolios. With the most comprehensive range of intuitive and scalable space management, hybrid working, workplace analytics and smart sensor solutions, our clients gain the data-backed clarity and foresight that is essential to making strategic real estate decisions and delivering high-quality real estate today and tomorrow. The future essential for the performance workplace.Our market-leading solution management 3B Clients in 80 countries represent 40% of the Fortune 50, 40% of the top US banks and 30% of the top European banks, 150+ government agencies (including 10 of the 15 federal departments), 150 Multiple universities, several of the top 20 tech companies, over 200 hospitals and healthcare facilities, and half of the top 10 pharmaceutical companies.For more information on FM:Systems, visit www.fmsystems.com.
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Source FM: System
