Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
Is there a formula to the perfect workplace?
Building a great workplace can involve numerous factors, whether it be perks or a strong employer brand. According to Great Place to Work, it’s the culture around a company that determines its character. So how does a company create a healthy workplace culture and, subsequently, a great place to work?
Jody Kohner, SVP of Employee Marketing and Engagement at Salesforce, said that the secret to the company’s success is the amount of employee engagement that using culture, technology and data.
A company’s culture can make or break it. Being true to its core values and beliefs can set it apart from competitors.
“We write it down, we prioritize it, we build programs around it, we measure it, and we are constantly innovating on it. It’s something everyone has to own,” said Kohner.
Kohner also said that a great culture allows employees to feel connected to one main goal. No matter the hierarchy, employees that are on the same page tend to connect and engage naturally.
A Deloitte study found that 80% of millennials want businesses to give back and engage in issues beyond the company. For example, Salesforce gives their employees seven days of paid time to use towards giving back to causes that mean something to them.
The Latest News
Delivered To Your Inbox
Technology can also make a huge difference in the workplace as it becomes a huge part of our daily lives. Now, workers are seeking out more “social, mobile, smart and connected technologies” in the workplace that make each day more productive and efficient.
While using technology to benefit customer data is beneficial, creating effective technology to address the employee experience can further drive productivity.
Salesforce uses its own technology to provide employees with a consumer-like experience.
Collecting proper data can also make a difference in an employee’s work day. By leveraging various forms of data, companies can create an employee-centered experience.
Most of the time, companies analyze customer data to make the most out of those relationships, so why not apply that same logic towards employees?
Latest on Daily Digest
Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.
Coworking has expanded into many major markets of the nation over the past few years, but some firms are finding their client base to be working moms in the suburbs.
Howard Hughes, the development team behind Chicago’s Bank of America Tower, announced that luxury coworking brand No18 will take up two floors in the 55-story building.
WeWork has officially become one of Seattle’s largest office space occupiers, along with Amazon and Microsoft, and has a total footprint of about 1.7 million square feet.