Here’s how CRE professionals are helping occupiers boost talent acquisition and retention.
Workspace is a critical component of any company’s culture and growth. However, given that space is costly and often underutilized, a sustainable workplace strategy is needed to flex with the way employees are working — one that is scalable, cost-effective, and customized to each organization.
Flex-enabled brokers are leveraging proptech to help occupiers boost talent acquisition and retention. Here are a few reasons this is more important than ever.
The Great Resignation
Workforce churn is real. Data shows, 65% of U.S. employees say they intended to find a new job last year; this is up from 35% in the previous year. This trend has continued in 2023, with 44% of workers stating that they plan to leave their current job.
Workers want hybrid
To compete, companies need the best talent. When it comes to both acquisition and retention, they need to be able to offer employees the experience they want, and we know from all these recent studies, that experience should be flexible. Close to 80% of employees want workplace flexibility, and 95% employees want more flexible hours, around the world. Some 38% of workers have indicated that flexible work hours are a key consideration in applying for a new job. All this to say: It’s clear that hybrid and remote work models are the primary needle-mover for attracting and retaining coveted talent.
Recent research has found that nearly 80% of employees want workplace flexibility, and 95% employees want more flexible hours, around the world.
People > Spaces
There is a seismic shift in corporate real estate: Occupiers are moving away from a focus on space utilization, pivoting that focus to workforce behaviors. This shift demands a new approach to data collection and analysis. Data shows occupiers how much workspace their workforce needs, and where, so they can improve workspace efficiency, make the employee experience smoother, and reduce their environmental impact — all of which benefits their efforts at talent acquisition and retention.
Learn more about how flex-enabled
CRE professionals are helping occupiers
adapt to the new world of work
To meet this need, Upflex gathers and synthesizes powerful workforce analytics through its platform, equipping CRE professionals and occupiers with unmatched insights into the workforce.
With Upflex, occupiers can:
- Understand where users are working and see trends in booking patterns
- See the types of spaces their workforce is accessing — hot desks, private offices or meeting rooms — and how much time is needed in each
- Easily track employer spend
- Explore workspace usage across individuals, teams, and the broader company by geography
- Pull insights to help them plan and budget for future workplace usage
- See engagement and collaboration scores and trends across their workforce
With Upflex, real estate leaders can see real-time data and long-term trends on the types of spaces their workforce is accessing — hot desks, private offices or meeting rooms — and how much time is needed in each, helping them to budget and plan ahead when it comes to workspace strategy.
Actionable intelligence
With Upflex, companies get quick access to quality flexible space — including on-demand hot desks and coworking spaces, amenity-rich meeting rooms and private offices available short or long-term — so they can seamlessly accommodate new hires in any geography without needing to rethink, or transform, their entire workplace strategy. Upflex empowers employees to work where and how they want, anywhere in the world, while employers maintain visibility and drive accountability through usage data and workforce analytics.
