Published / 27/10/2015
88% of EMEA Corporate Real Estate professionals are investing in their workplaces. While 95% are addressing workplace technology as part of the upgrade.
These stats are from a recent industry survey, the results emphasise the importance of attracting and retaining talent. The survey suggest that factors such as office environment, flexible working and company culture are still crucial for employees.
The survey, completed by 250 respondents spanning various business types, focused on how occupiers are managing their global talent pool against an unpredictable business environment.
Richard Middleton of Cushman & Wakefield’s Global Occupier Services reported the findings at the close of the recent CoreNet Global EMEA Summit in London, where he noted that:
“Businesses continue to face challenges in securing and retaining talent and it is clear that the physical working environment is central to talent agendas. In an increasingly competitive marketplace our survey reveals how corporates are revisiting workplace and real estate strategies today in order to secure the best talent for the longer term.”
Workplace strategies that were designed to support talent agents have also had two key adjustments after the research was carried out.
- Occupier ratios are changing. 74% of respondents regard employee-to-desk ratios are critical to a successful working environment. Of the 70% that have changed their occupancy ratio, 81% are occupying space more efficiently on a higher ratio (more employees to desks) enabled through co-working and flexible workplace practices.
- Market location. Although proximity to key markets remains of fundamental importance to a number of business sectors, 76% of respondents anticipate diversification into new markets in the next 3 years, with 71% indicating talent assembly as a crucial factor behind this.
On a sector-by-sector basis corporate occupiers are feeling certain challenges more acutely than service providers, with the financial services and manufacturing sectors hit by the skills gap.