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Here’s what you need to know today:
- Finding Common Ground In The Post-pandemic Workplace
- Working From Home Could Boost U.S. Productivity
- New Smart Building Certification Is Revealed
Finding Common Ground In The Post-pandemic Workplace
Although companies are over a year into unprecedented workplace transformation, companies are still unsure of what role the office should play within their organization.
While it’s becoming evident that many corporate leaders are ready to return to the pre-pandemic ways of working, employees now get a bigger say in what it means to go to work.
The employee experience has never been more important than in today’s society. However, the idea of what employees need from their workplace isn’t black and white.
Although it may seem like the clear path forward is to simply continue mandating remote working arrangements or bring everyone back to the office, it’s important to know that these policies are not a one-size-fits-all approach.
However, going back to the way things were also feels implausible. So what is it that workers are missing from office life? And what exactly are they enjoying about working from home?
One of the biggest takeaways from the past year has been the emphasis on employee wellbeing to support workers throughout these extraordinary times, as well as attract the best talent. This has led workers to let go of the idea that their place of employment must keep them tethered to a specific location.
This has led many companies to make deals with flexible workspace operators, such as IWG’s partnership with Standard Chartered Bank that provides the bank’s 95,000 staff the ability to work from any of IWG’s 3,500 locations worldwide.
Working From Home Could Boost U.S. Productivity
A new study has found that remote working does have a direct link to increased productivity. In fact, work-from-home arrangements could boost productivity in the U.S. economy by 5% thanks to savings from commute times.
“Our data on employer plans and the relative productivity of WFH imply a 5% productivity boost in the post-pandemic economy due to re-optimized working arrangements,” the paper co-authored by Jose Maria Barrero of the Instituto Tecnológico Autónomo de México, Nicholas Bloom of Stanford University and Steven J. Davis of the University of Chicago Booth School of Business and Hoover Institution. “Only one-fifth of this productivity gain will show up in conventional productivity measures, because they do not capture the time savings from less commuting.”
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However, the adoption of remote working most definitely varies across industries. While Goldman Sachs CEO David Solomon believes it is “an aberration,” Facebook CEO Mark Zuckerberg is fully embracing that many staffers will continue to work remotely post-pandemic.
The study of over 30,000 U.S. workers revealed that 20% of workdays will be from home in the future, compared to just 5% from prior to the pandemic.
However, the research also found that remote working seems to mostly benefit high-income employees, which may highlight disparities between remote employees and workers in industries that require in-person attendance.
New Smart Building Certification Is Revealed
WiredScore has revealed it is launching a new certification for smart buildings in order to be more transparent about what “smart” really means in the world of commercial real estate.
SmartScore offers more credibility to the industry by creating a standard for smart buildings, working with BREEAM, LEED, RESET and the WELL building standard to create a cohesive certification.
WiredScore has been working with the WiredScore Smart Council that consists of over 90 tenants, landlords and property professionals to create a framework for smart buildings. All together, the council has defined what factors make a building smart, including: cost efficiency, sustainability, an inspiring experience and future-proof.
According to a report from WiredScore, 79% of office workers said they want to work in a technologically advanced office, while 63% stated that working in an environmentally-conscious office was very important to them.
“The only way that landlords can deliver the experiences and value that are now expected is to become smart. But to do that without really knowing what smart means and how to demonstrate it is impossible,” said William Newton, President and EMEA MD at WiredScore. “Our hope is that by introducing a definition and a certification by which to measure, landlords will be able to finally take advantage of the benefits that smart buildings offer themselves, their tenants and of course the environment.”Share this article