Companies Are Not Adjusting To The Future Of Work

Research from occupancy and analytics provider Locatee has found that many companies are not yet adjusting their corporate workspaces to accommodate the new future of work trends.

The responses from real estate managers in the U.S. revealed that many companies are holding on to antiquated real estate strategies.

For instance, 62% of CRE managers said they plan on continuing to use assigned workspaces, compared to the 4% who stated they would use activity-based spaces.

Although now is one of the greatest opportunities for companies to reconfigure their work environments, many companies are insistent upon sticking with their normal operations.

Additionally, two-fifths of those surveyed stated that the influence CRE managers will have on company operations will continue post-pandemic. Still, only 46% of CRE managers said they have final budgetary sign-off.

“This lack of budgetary control, despite elevated strategic influence, means CREMs face a significant barrier when implementing ground-breaking action around real estate strategies,” the report stated. “This focus on business efficiency, both in the short and long term, is at the expense of emerging initiatives such as collaboration, employee satisfaction, digitization and talent attraction and retention.”