CLOSE
THE KEY BLOG
THE KEY BLOG

Building Strong Company Culture

READ BLOG
READ BLOG

Hire power: How an office helps win the war for talent

With four generations now in the workplace, there has never been more focus on a company’s physical work environment, workplace services and amenities. Despite this attention on the workplace, companies are still losing billions of dollars in under-productivity every year.

The statistics are startling: 70% of U.S. workers are unsatisfied with their jobs, two million U.S. workers quit each month and employees are productive just three days per week on average.

How to measure employee productivity and engagement

Companies can combat under-productivity by measuring how their office—and office culture—impacts talent attraction, retention, productivity and engagement (TARPE). Blending research on a company’s workplace mobility programs, green building design, social networks, location and employee services into a comprehensive framework can answer important questions:

  • What real estate and facilities programs matter in the war for talent?
  • What are competitor companies doing in this area?
  • How do you compare to these companies?

The TARPE framework includes more than 70 items and evaluates your corporate real estate across five key categories:

Amenities and services

Programs such as catering, on-site retail services and other convenience items or perks have quickly become recruiting tools and significant differentiators for talent comparing prospective employers.

Facility features

This includes design and management of base building systems like temperature and air filtration as well as interior design and branding. Look and feel of a space contributes directly to a sense of culture. Even the aspects you can’t see impact productivity. For example, daylight levels can boost productivity by 13%. Better ventilation has resulted in 5% to 9% improved productivity and increased temperature control ups productivity by 7% on average.

Employee involvement programs

The workplace adds value to an employee’s experience because it communicates the company’s brand, values and corporate culture. For some, the workplace is the “best place to work” because it provides connections to teams, customers, products and more. Policy and practices that encourage employee engagement are important, but so, too, is having the space to actually connect. Your real estate can both make room for involvement as well as activate employees through social structures such as green teams and other CRE-related interest groups.

Work location

Is your workplace in the best location? A thorough review looks at everything from access to public transportation, to neighborhood shopping, commute times and more. Then you can begin to determine if a location is the best fit for your people.

Technology

Workplace technology is a non-negotiable. Video conferencing, remote collaboration and space reservation systems are considered the norm, and without them, productivity suffers. And, in the future, we’ll see even more programs and mobile apps that integrate various real estate and smart building services within employee-centric companies. These systems will better serve employees a tailored environment while feeding data back to employers.

Armed with an analysis of data in these categories and direct comparisons with competitors in each market, you can begin to see whether—and where—your organization is leading and lagging. You can then target your investments in employee experience accordingly. With a strong TARPE framework, real estate becomes a true weapon in the battle for talent.

Challenges with Remote Working

It is common to face challenges in the workplace from time to time, whether that is working on a tight deadline or finding a new way to approach a problem. When the physical workspace is removed from the equation, the current challenges remain and a new, unique set of challenges arise. These obstacles not only affect productivity, but also employee well-being in the long term. Understanding the challenges of remote work can help you identify how to create a return to office plan that will resolve the problems employees are facing.

READ BLOG
Office Environment Benefits

At the beginning of the pandemic many companies had no choice but to work from home. Now, as things open up, many employers are determining their next steps. While several companies have found through this pandemic that it is possible to work from home, it may not be the most beneficial for their employees in the long run. Understanding the value the office space provides can help to create a more successful working environment for all.

READ BLOG
What Does The Workspace Look Like?

Over the course of the pandemic, employees have been working from their own space in their homes. While an increasing number of employees are ready to get out of the house and back into the office, they do not seek the same things from the physical office space as they had previously. This new work-from-home environment has created new employee perspectives that have resulted in new needs. In order to have a meaningful return to office, employers must consider these new needs and redesign their spaces from what they looked like pre-pandemic.

READ BLOG

Experience the NEW Key Tower.

Experience the NEW Key Tower.

Schedule your tour.
  • This field is for validation purposes and should be left unchanged.

4000 KEY TOWER • 127 PUBLIC SQUARE • CLEVELAND, OH 44114-1309

FOLLOW US

Designed by Hey Now! Media