With the recent global downturn still very much at the forefront of people’s minds it would come as no surprise if cost factors were making the case for workplace change. However, Cushman & Wakefield’s Workplace Transformation Survey has found that human resource factors such as recruiting, workforce productivity and improved work-life balance are bigger drivers of workplace change strategies. This survey covered over 500 corporate real estate professionals across North America, EMEA, and APAC.
The study has found that many companies are in the early stages of understanding how changes in design and the use of technology can lead to improved operating performance. Almost all companies are focusing on maximising the productivity and efficiency of the work environment by pursuing a number of strategies. Those companies in the technology and telecommunications sectors have been faster to transform workplaces compared to banking and financial services. Whilst many organisations are seeing the benefits of workplace change, the biggest barrier is the reluctance of company management.