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Flexible office space provider LABS on why the physical office space is still strategically key

Flexible office space provider LABS on why the physical office space is still strategically key

A recent survey conducted among LABS members shows that the physical office space still has a valuable place in the mindset of how they want to work. More than seven in ten of those questioned said the office is a strategic device for their businesses, and more than 74 percent of members questioned use the office for two days or more per week.

However, working culture is still developing rapidly following the pandemic and its government-mandated full time working-from-home set up, with employers and employees carefully navigating a path that tees up with company expectations as well as staff’s desire to work remotely for part of the week, which in some cases allows them to better deal with issues such as child or elder care or just attain a better work/life balance. Companies are clearly grappling with the complexities of managing diverse teams with varying needs and preferences. The seniority of employees and their distinct working styles play a crucial role in determining the feasibility and desirability of remote work.

While the Office for National Statistics reveals that 40 percent of civil servants in the UK are still working from home there is a definite flip side in the private sector. In the spring of this year, Bloomberg reported that, following a large-scale layoff programme in the tech sector, Meta CEO Mark Zuckerberg has asked its staff to “find more opportunities to work with your colleagues in person.” This is the latest in a long line of high-profile firms to reverse their work-from-home policies including Starbucks and Walt Disney Co. Other firms in the pro-return to the office camp include Goldman Sachs, Morgan Stanley, Apple, and Peloton with the CEO of JP Morgan stating that he doesn’t believe working from home works for managers or younger members of staff. Bloomberg itself has set a minimum presence in the office of three days per week.

Amazon too has a thrice weekly attendance policy which kicked in last month in light of CEO Andy Jassy saying on the firm’s blog that “There is something about being face-to-face with somebody, looking them in the eye and seeing they’re fully immersed in whatever you’re discussing that bonds people together.” General Motors’ management shares Amazon’s three days per week requirement which came into force at the beginning of 2023, which some staff took as a U-turn in company policy from encouraging colleagues to ‘Work Appropriately’.

 

Making the office the destination of choice

As well as incentives such as free food and drinks, access to facilities including gyms and opportunities to come together at work socials, the chairman of PwC believes that AI has its part to play in luring people from their home offices. The Times recently reported that Kevin Ellis thinks that as people feel pressure from the capabilities of the likes of Chat GPT, they are more likely to want to be in the office near colleagues they can collaborate and learn from.

In a company-wide presentation, the professional services giant explained to staff how AI has the potential to fast-track trainees by a couple of years but with that accelerated knowledge base comes a responsibility to be able to coach and manage others that traditionally would have taken place over a longer period. Ellis said at the time that “people are going to want to learn from others face-to-face and the best way a human can differentiate themselves from a robot is in person.”

It’s fair to say then that the mood may well be shifting from the ‘work from anywhere’ easy come easy go attitudes of 2021 and last year. As companies continue to navigate the choppy waters of political unease in Ukraine, the continuing impact of Brexit and the worldwide inflation rates not to mention the global cost of living crisis so they are increasingly calling for near full-time attendance, symbolising a return to pre-pandemic norms, to stay competitive.

Being present in the office has many well-documented advantages such as fostering creativity, encouraging and engendering a sense of culture. And there are positive signs among LABS members too, with over three quarters of them enjoying working from the office most of the time with over half citing colleague relationships as the most important aspect of an office, up by 4 percent year on year.

Given the aforementioned global political uncertainty and economic strife, flexibility and choice for occupiers as well as employees are key components of our current work culture. In this way, workplace strategies can easily shift to address sudden changes. Which is where LABS’ turnkey solutions, available in various shapes and sizes, come in with flexible tenancy arrangements and inspiring amenities. In this way LABS can help optimise a workplace model that works for everyone.

Flexible working means large firms plan to work with less but better office space

Flexible working means large firms plan to work with less but better office space

Around half of the world’s larger multinationals are planning to cut back on their office estate in response to the rise of hybrid and flexible workingAround half of the world’s larger multinationals are planning to cut back on their office estate in response to the rise of flexible and hybrid working, according to a new report from Knight Frank. According to the study, 50 percent of employers with more than 50,000 staff worldwide will reduce their office space by between 10 and 20 percent over the next three years. However smaller firms are set to increase their demand for office space according to the real estate advisor. More →

Office refurbishments rise to all time high in London

Office refurbishments rise to all time high in London

The volume of all London projects including both office refurbishments and new space is up by almost 80 percent, with the West End continuing to lead the wayAccording to the latest London Office Crane Survey from Deloitte, London has seen the highest volume of new office refurbishments since records began in 2005, with 37 new schemes covering 3.2 million sq. ft. The volume of all projects including both office refurbishments and new space is up by almost 80 percent, with the West End continuing to lead the way. The report claims that over 10 million sq. ft. is now projected to be delivered during 2023, with this year on track to catch-up after several years of disruption. More →

UK workers spend less time in the office than any other country, but still think it’s too much

UK workers spend less time in the office than any other country, but still think it’s too much

Workers in the United Kingdom spend less time in the office than any other country, however they want to further reduce their days further.Workers in the United Kingdom spend less time in the office than any other country, however they want to further reduce their days further. That is according to a new study from Unispace. The report, Returning for Good [registration], combines the results of a poll of 9,500 employees and 6,650 business leaders from 17 countries worldwide – found that just 34 percent of employees in the UK are in the office four or more days a week, less time than workers in any other country. More →

Three quarters of firms have now mandated some form of ‘return to office’

Three quarters of firms have now mandated some form of ‘return to office’

A new poll from Unispace claims that around 72 percent of companies globally have now mandated a return to office based workA new poll from Unispace claims that around 72 percent of companies globally have now mandated a return to office based work. However, many respondents also report losing key employees due to mandates, with recruitment also being impacted by enforced returns. The report concludes that companies are failing to recognise the drivers of workers’ reluctance to return to the workplace, and likewise, the opportunities and value that the physical workplace provides. More →

Office giant Sedus announces partnership with Watson Furniture Group

Office giant Sedus announces partnership with Watson Furniture Group

Sedus Stoll AG, the Germany based office furniture giant, and US based Watson Furniture Group have announced a new global partnershipSedus Stoll AG, the Germany based office furniture giant, and US based Watson Furniture Group have announced a new global partnership. The deal was signed at last year’s Orgatec office furniture exhibition. For both companies, the global partnership is seen a logical next step in the development of their businesses, the firms claim. Shared values and similar market strategies and expertise in the areas of technology and manufacturing are an excellent stepping stone to strategic cooperation. More →

APAC region leads the world in return to office bookings, report claims

APAC region leads the world in return to office bookings, report claims

A new report from Eptura claims that there has been a global wave of return to office bookings returns led by the Asia Pacific marketA new report from Eptura [registration] claims that there has been a global wave of return to office bookings led by the Asia Pacific market, including a worldwide 338 percent increase in collaborative room bookings, 76 percent room booking check-in rate, 35 percent increase in visitor check-ins, and 3 percent increase in site inspections. More →

Office furniture giant Flokk opens showroom in heart of Manchester

Office furniture giant Flokk opens showroom in heart of Manchester

Norwegian furniture powerhouse Flokk have opened a stunning new showroom in the vibrant city of ManchesterNorwegian furniture powerhouse Flokk have opened a stunning new showroom in the vibrant city of Manchester. The open plan space showcases the Flokk portfolio with popular designs from brands Offecct, HÅG, Giroflex, RH, Profim and the newest brand to join the family, Connection. Positioned in the city centre, with unrivalled access to all railway stations and the airport, Flokk’s Manchester showroom will welcome guests from across the North-West and beyond. More →

Jiecang and Logicdata pioneer dynamic office furniture with new technological solutions

Jiecang and Logicdata pioneer dynamic office furniture with new technological solutions

Jiecang, one of the world's leading supplier of linear actuators, in conjunction with the Austrian brand Logicdata, a European company that has been part of the Jiecang Group since 2021, is offering a wide range of technological solutions to make office furniture more dynamic, smart, and interactiveJiecang, one of the world’s leading supplier of linear actuators, in conjunction with the Austrian brand Logicdata, a European company that has been part of the Jiecang Group since 2021, is offering a wide range of technological solutions to make office furniture more dynamic, smart, and interactive. More →

Over two-thirds of office landlords have no sustainability strategy

Over two-thirds of office landlords have no sustainability strategy

The vast majority of UK office landlords do not have a sustainability strategy in place despite evidence showing that it would increase the attractiveness of their properties to tenantsThe vast majority of UK office landlords do not have a sustainability strategy in place despite evidence showing that it would increase the attractiveness of their properties to tenants, according to a new poll commissioned by infinitSpace in partnership with The Instant Group. The survey defined a strategy as several policies with an overall aim to reduce greenhouse emissions and/or promote environmentally friendly practices. More →

BCO Awards winners for North of England again focus on sustainable office design

BCO Awards winners for North of England again focus on sustainable office design

Following last week’s announcement of the annual BCO Awards winners for London, the British Council for Offices has announced the winners of its annual Awards for the North of England. In fact all but one of the winners are located in Greater Manchester and the one that isn’t lies within twenty miles of it. The organisers suggest that the theme of sustainable office design runs through the submissions of the winning entries. More →

Biophilic office design has a clear business case, report claims

Biophilic office design has a clear business case, report claims

A new report, Reap What You Sow: Valuing Workplaces that Grow Good Ideas from PLP Labs sets out to explain the process of measuring and monetising the wellbeing and environmental value of biophilic office design.A new report, Reap What You Sow: Valuing Workplaces that Grow Good Ideas from PLP Labs sets out to explain the process of measuring and monetising the wellbeing and environmental value of biophilic office design. The report argues that in corporate real estate, the environment impacts the bottom line. PLP’s study – run in collaboration with academics from Loughborough University, the University of Reading, and Benholm claims to enable real estate clients to fairly evaluate the worth of investing in nature alongside other project costs. More →