OccupierEdge_Ed4_BR 5 17

WORKPLACE

WORKPLACE STANDARDS

MIND THE GAP BETWEEN RECOGNITION AND ADOPTION CRE leaders around the world recognise that the work environment is an important factor for attracting and retaining talent. Nine out of 10 global survey respondents said the physical workplace is a fundamentally important or critical factor in securing superior workers and enhancing their wellbeing. Yet, many said their workplace practices fall short of providing a “great place to work” or an ideal environment for attracting innovative workers. 63% of respondents said their companies dedicate less than 25% of space to collaboration, although this varied by industry: 47% of financial services firms devote at least one-quarter of space to collaboration, but only 8% of industrial sector firms do. The two most surprising facts from the workplace survey are the pace of adoption of agile workplace strategies and introduction of co-working space as part of standard portfolio strategy. 22% of respondents are already using co- working space and a stunning 69% have implemented or are testing agile workplace policies with 89% in EMEA.

25%

EMEA

33%

U.S.

44%

APAC

33%

of global responses indicated that they have compulsory workplace standards, with APAC witnessing a higher proportion.

WORKPLACE AS A CRITICAL OR VERY IMPORTANT TALENT RETENTION FACTOR

89%

North America

91%

EMEA

96%

APAC

CONCLUSION The alignment of CRE strategies with corporate priorities continues to be an elusive goal, but the survey results show progress in several areas persists a penny-wise-and-pound-foolish focus on occupancy cost reduction often driven by the lack of clear process to translate wider organisational strategies into practical CRE decision making. On the other hand, the fast-rising levels of flexibility and co-working space, and the changing location strategy to more effectively pursue talent, show that C-suite executives are starting to make the connection between leading-edge CRE strategy and corporate success.

NEIL MCLOCKLIN Co-head of Strategic Consulting, EMEA Global Occupier Services neil.mcklocklin@cushwake.com

TAMÁS POLSTER Co-head of Strategic Consulting, EMEA

Global Occupier Services tamas.polster@cushwake.com

DAVID PETROCZY Business Consultant

ANDREW HEARD Research, EMEA andrew.heard@cushwake.com

Strategic Consulting, EMEA Global Occupier Services david.petroczy@cushwake.com

50 The Occupier Edge