Magazine article New Zealand Management

The Critical Role of Buildings and Workplaces

Magazine article New Zealand Management

The Critical Role of Buildings and Workplaces

Article excerpt

When you consider that your next office lease may run well into the next decade, it is critical to have a long term view of your company's work environment needs.

Colliers International has explored longer term business trends and their impact on office needs in a groundbreaking report called Lifeblood.

The lifeblood of a business is talent, reputation, knowledge, duty of care, responsibility and information and communications systems. The next decade will prove increasingly challenging for those who do not form strategies now to meet the challenges around each of these.

The performance of your building and workplace are critical to addressing all five and sustaining your business's future vitality and even viability.

The five challenges:

1. The transforming workforce--battling for talent

Companies will need to respond to a challenging set of expectations and values from a new generational mix in the workforce. Mature age workers will be staying in the workforce longer, Generation X will be assuming the leadership positions and working with the autonomous Generation Y will be a key challenge. Supporting work life blend, personal wellbeing, ongoing learning and positive cultures will be important when attracting and retaining staff.

2. The knowledge economy--learning to compete

A business's competitiveness will increasingly be linked to its capacity to learn and innovate. While information is important for this, high levels of interaction and relationship building are critical to enable effective knowledge flows amongst staff.

3. Corporate social responsibility--defending your company's reputation

While we may publicly see only the businesses who actively market their corporate social responsibility performance, the move to addressing this amongst New Zealand's major corporations is now considerable.

The workplace and office buildings that businesses occupy are becoming increasingly recognised as a tangible way of communicating a company's wellbeing, staff satisfaction, and environmental performance.

4. Duty of care--managing your risk

There are blurring boundaries of responsibility between tenants, owners and property managers and growing employee expectations around their working environment. Does your building comply with the current New Zealand Building Code regulations and not just those at the time it was built? Does your indoor air quality pose any risk to the wellbeing of your staff?

5. Business continuity--assuring continuity of your information and communications technology. …

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