Permanent change also requires exceptional change management and constant pivot skills depending on how well the effort works over time. Most executives (87%) expect to make changes to their real estate strategy in the next 12 months. These plans include consolidating office space in large locations and / or opening more satellite locations. While some executives hope to reduce office space over the next three years, expect to need 56% more. These mixed findings show that some companies plan to reinvest the dividend remotely in new ways to create a special office experience.
These changes can not only improve the way the work is done, but also save savings. Rent, capital costs, facility operations, maintenance and management make real estate the largest cost category out of compensation for many organizations. In our experience, it often represents 10 to 20 percent of total staff-driven expenditure. While some organizations have reduced these costs by thinking about footprints, taking advantage of alternative workplace strategies and reviewing space management approaches, many business leaders have treated them largely as a given. In a post-COVID-19 world, the potential to reduce real estate costs can be significant.
I’ve also met really awful managers who have built up rich people, earned positions at VP and C levels, stole the work of others and presented it as their own, something that research says is no. 1 way to destroy employee confidence. The reason that working from home is such a nightmare for many managers and executives is that a large number of modern companies are built on the substrate of personal work. As a society, we see management as a title rather than a skill, something to promote people, and as a way to abstract yourself from the work product. When you take the space out of the physical office, the place where people are screamed in private offices or notice in meetings, it becomes much more difficult to scare people like some kind of administration. In fact, your position in a company becomes more difficult to justify if you only delegate and annoy people.
Over time, they will use the various functions of Office 365 to improve their personal and department workflow. Just under one in five executives want to return to the site as soon as possible; They see the office as crucial to their success and corporate culture. This may be a good strategy for companies with a great job brand, but those who are already struggling to attract talent may need to mitigate the risks of losing talent and want flexibility to work remotely more often.
While identifying and working with your champion employee will not make or reverse the company-wide adoption of Office 365, it will certainly help streamline the process if recorded from the start. When you identify an employee who uses Office 365 better than other employees, select it and offer additional training in Office 365. Skype for Business can be a tool to increase productivity and make more offers, as your employees can organize meetings on the go and in real time using a professional and well-designed service. The advantage of organizing online meetings internally and externally is enormous, especially in today’s world, where everyone is on the road, and there is always an internet connection.
Most executives and employees we investigate expect this hybrid workplace reality to take shape in the second quarter of this year. Some companies may go faster because vaccines become more available or slow down as vaccines slow down than expected. In November and December 2020, PwC surveyed 133 executives oficina virtual and 1,200 office workers. There are many companies that are currently thinking deeply about the future of their staff. A related topic I hear from companies focuses on real estate thinking, because a hybrid model will have implications for how much physical space to create for a fluid workforce.
The results make it clear that companies are actively reviewing portfolios while investing in making the hybrid workplace effective. As a result, we expect momentum to align the real estate strategy with the hybrid workplace strategy that will accelerate in 2021, with implications for assumptions about real estate savings due to WFH trends TELUS, a Canadian-based telecommunications company, has the general aim of making the majority of its personnel work full or part-time remotely. They want to lose some of their huge buildings where they spend a lot of money. Companies also have to spend money on office equipment, internet, services and much more. Depending on the size of the company, the potential cost savings here are millions per year for one company.