Miami’s office market continues to be dependent on coworking firms to fill their spaces, but some landlords are concerned that their absorption rate is becoming too much.
Could mandatory wellness programs improve productivity?
The Hays Journal recently explored whether mandatory workplace participation in wellness programs could encourage greater productivity.
United Healthcare showed that 62% of employees using wellness programs saw an increase in productivity and 56% have fewer sick days.
Despite this, an NBER (National Bureau of Economic Research) study found that less than 39% of employees participated at all.
The article stated that those who participated were already in good physical and mental health. Companies have tried to create mandatory programs for their staff. For example, Swedish company Björn Borg introduced compulsory gym session every Friday.
Having more basic options available to employers did not invade their freedom of choice.
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Regardless, many experts say that this method would ultimately do more harm than good and can alienate people.
Also, it is difficult to find an activity that works for everyone, so some companies attempt to find a balanced approach to mandatory participation. They offer a choice of exercise that employees can participate in, but also include a compulsory session focused on mental well-being and mindfulness.
“Whether they’re leaning towards new engagement strategies that focus on health, or pushing leaders to get involved in new schemes, many businesses are placing a greater emphasis on addressing wellness among staff,” the article said.
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Gym-coworking hybrids have gained traction recently, allowing members to be productive at work while encouraging them to take care of their physical and mental health.
The 2019 Global Coworking Survey has revealed that there is to be 2.2 million coworking members by the end of this year and identified the state of the industry so far.
Office Depot has been testing out coworking spaces within three of their existing locations in an effort to expand its current services and drive traffic into stores.
Just ahead of its IPO, WeWork has signed four new Manhattan leases to open its “Headquarters by WeWork” offering dedicated to providing un-branded spaces for clients.
Despite the coworking industry seeming congested, operators are not concerned about the competition as each coworking space gears its services to a specific audience.
Flexibility in the workplace has become a common option for workers, but some firms are going further by becoming 100% remote so staff can work from wherever they please.
Coworking firms, such as WeWork and Knotel, have been rapidly expanding their footprint in New York’s Flatiron District as it becomes the city’s hub for shared offices.
British brand Established & Sons have introduced four new furniture designs that aim to create a more comfortable workplace, while also being functional to homes.
Condeco’s newest research paper found that 41% of employers offer remote working, thanks largely in part to major technological advancements that are sweeping workplaces.
Industrious is partnering up with national retail and mixed-use developer Seritage Growth Properties to brings its coworking spaces into five of the retailers locations.
Companies have accepted that wellness in the workplace should be prioritized, but the trendiness of it can overshadow what is most effective — starting from the basics.