Companies worldwide have faced significant disruptions in the recent past, prompting a reimagining of the traditional workspace. Today's workplace must be a fluid space that nurtures culture, boosts collaboration, and champions individual well-being. According to JLL CEO and leading analyst Asprey Price, a change in corporate real estate strategy has occurred, companies are now focusing on workforce (44%) and portfolio size (31%).
Riding the wave of change, hybrid work models have gained prominence. Companies are now working hard to develop office and workspace strategies that balance the broad range of complex issues they face including ESG commitments and the need for greater flexibility. The best approaches involve steps like consolidating and refining locations, pouring resources into superior venues, enhancing amenities, and designing adaptable work environments.
Interestingly, a recent Financial Times discussion panel unanimously agreed that the key is aligning company needs with employee work preferences.
This is because an increasing number of employees now embrace the flexibility of splitting their time between home and the office. With this freedom comes a fresh set of expectations, as modern professionals seek spaces that mirror the hospitality industry's comfort, augmented with the tools and technologies to foster productivity. These evolving preferences call for a shift from utility-driven spaces to those designed and infused with purpose and intent.
Experts on the Times panel from companies such as EY, Legal & General Investment Management, and Aon, believe that the future workplace will pivot on creating spaces worth the daily commute. It's not about tethering an employee to a desk. Instead, it's about crafting an environment where they can engage in both formal interactions and those invaluable informal huddles that strengthen interpersonal connections and promote on the job learning opportunities.
From expansive terraces designed for team collaborations to cosy nooks for focused individual work, the aim is to foster an ecosystem where every employee finds their ideal workspace. Spaces should be adaptable, catering to various tasks while also acting as a magnet to draw employees in, making them want to be a part of the office.