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The New Financial Workplace Report from HOK offers valuable insights for players in any sector.

The New Financial Workplace Report from HOK offers valuable insights for players in any sector.

"An investigation of the forces reshaping the financial industry and how workplace design can position companies for success."

Source: www.hok.com

This report covers the threats and challenges this and many others sectors are facing such as new entrants, rapidly changing technologies, talent wars, and a loss of public trust. From benchmark space metrics to cryptocurrencies, this 36 page report is a must-read.

Teasers:

  • For every $4 Scotiabank spends on space, they spend $1 on technology
  • “The huge issue is AI and we are all trying to figure out if we will need the growth we are planning for.”
  • Space and technology go hand in hand. If you don’t build the technology to support the great spaces there is no point.
  • Many Ivy League graduates once drawn to the compensation and prestige of a Wall Street job are instead opting for the tech sector, where they see fewer regulations inhibiting innovation and more opportunities for explosive growth.

If any of this interests you, you really need to read the full report. 


People analytics: Coming to a workplace near you

People analytics: Coming to a workplace near you

"Advice on how to make the best use of HR data analytics from the Work Rebooted conference in San Francisco.

Source: searchhrsoftware.techtarget.com

Computers can crunch far more data than we could ever hope to but don't forget humans are still better at understanding what it all means. Remember the DIKW pyramid : Data + analytics = information, Information + context = knowledge, Knowledge + experience = wisdom. Machines are great at analytics, good at context, and getting better at experience (machine learning), but human interpretation is still key to making wise decisions. 


Collaboration: The Great Creativity Killer

Collaboration: The Great Creativity Killer

The best organisational cultures are tolerant of the loner, the thinker. - John Wade "If I was you," said a colleague recently "now would be a very good time to involve customers, to get more people involved". No, I thought, right now that would be the worst thing we could do. Collaboration can kill creativity.…

Source: paulitaylor.com

People do their best thinking in private, NOT in groups. Over 800 studies show this to be true. So why do we keep building open workplaces under the guise of increased Innovation? 

 

When is collaboration useful?

  • When dealing with complex problems that span a range of disciplines
  • For getting buy-in
  • When dealing with fundamental and/or strategic problems

 

When isn't it?

  • You really need to think
  • You need radical thinking
  • When you need a quick solution


In-depth look at how and why financial institutions are changing they way they work 

In-depth look at how and why financial institutions are changing they way they work 

HOK's new report, “The New Financial Workplace,” is an investigation of the forces reshaping the financial industry and how workplace design can position these companies for success.

Source: www.hok.com

This 35-page paper examines the banking industry, the threats it's facing, and how their workplace strategies are evolving to meet the challenge. It includes:

 

  • Threats and challenges
  • Disruptive technologies
  • Talent imperatives
  • Benchmarking data
  • Case studies
  • Industry trends 

 

While the paper is industry-specific, other sectors will find the journey enlightening. 

 


NPR Special Series: The Rise Of The Contract Workers: Income insecurity and lack of benefits are a concern 

NPR Special Series: The Rise Of The Contract Workers: Income insecurity and lack of benefits are a concern 

An NPR/Marist poll sheds light on a fast-growing workforce sector: contract workers. One out of every five jobs is held by a contract worker. While many enjoy the flexibility, the jobs are unsteady.

Source: www.npr.org

NPR's recent poll shows 20% of US workers are contract laborers. They work project to project and without employer-provided health insurance, retirement plan, pension, or other benefits and worker protections. Experts predict half the workforce will fall into this category within the next decade. We need to start having a conversation about what the rise of the contingent workforce will impact society.


An answer to the question “What’s the ROI of Employee Well-Being?”  

An answer to the question “What’s the ROI of Employee Well-Being?”  

"Kate Lister breaks down the impact of the workplace on well-being and the steps to take to create a culture of well-being."

Source: workdesign.com

This article offers:

  • The financial impact of of poor health and well-being on productivity lost, reduced engagement, and turnover 
  • The cost of healthcare, absenteeism, and presenteeism for the top chronic diseases
  • A persuasive way to use a simple breakeven analysis to get your program funded
  • Simple steps to kick-start a workplace well-being initiative.


Save the Date: IFMA Facility Fusion March 20 WE Pre-Conference “WE + Sustainability = Your New Competitive Advantage” – Space is Limited 

Save the Date: IFMA Facility Fusion March 20 WE Pre-Conference “WE + Sustainability = Your New Competitive Advantage” – Space is Limited 

Our global thought leaders promise to open your minds to the latest thinking on how sustainability will be the next competitive advantage. 

Source: facilityfusion.ifma.org

This full day event is for everyone involved in the built environment that hears this call and wants to engage in a meaningful discussion and play a role in leading this important initiative. 

 

Hear from Sustainability Leaders:

  • The Edge (Deloitte, Amsterdam)
  • Method Soap (Chicago IL)
  • Cook County (Chicago IL)

 

Plus sessions on the role of technology, people and performance implications, best practices, and more.

 

To end the day, we will guide you through a powerful exercise designed to help you create your own, “unique action plans." 


Don’t miss out on Work Rebooted February 11-13, 2018 in SF where Workplace Evolutionaries Meets HR. 50% off with code WEHUBVIP 

Don’t miss out on Work Rebooted February 11-13, 2018 in SF where Workplace Evolutionaries Meets HR. 50% off with code WEHUBVIP 

The time has come to re-examine how we think about the nature of work, the concept of employment and what it takes to build a thriving workforce.

 

ARE YOU READY FOR A REBOOT?

Source: www.workrebooted.com

The lineup for this ground-breaking event is astouding:

 

Sunday 2/11: 

  • Interactive 3D workshop using LEGO® SERIOUS PLAY® methods
  • The Workplace Experience led by a dozen WE members
  • Capturing Your Best Workplace Experience
  • What WE/You Know for Sure
  • Balancing Technology and Human Ingenuity
  • And More

 

Monday 2/12 learn and chat about:

  • Learning Agility
  • The Future of HR
  • Intrapreneurship
  • The Employee Experience
  • Artificial Intelligence
  • The Gig Economy
  • Strategic HR
  • Invisible Talent
  • People Analytics
  • And more

 

Tuesday 2/13 learn and chat about:

  • The Digital Workforce
  • Workplace Conduct
  • The Empathetic Workplace
  • AI and Cognitive Bias
  • Workplace Culture
  • Making Meetings Matter
  • Flexible and Remote Work
  • And More

 

All that and you'll be home in time to give your Valentine a big squeeze and some Ghirardelli chocolates!

 

Use code: Sign up here. Use code WEHUBVIP for 50% off. 


Is it an office? Is it a mall? Is it a co-working space? Is it a city? Well, yes, it is. 

Is it an office? Is it a mall? Is it a co-working space? Is it a city? Well, yes, it is. 

Inside the historic old Bell Labs building in Holmdel, New Jersey, a developer is creating a “metroburb”–a self-contained, indoor Main Street that will house stores, a food hall, and tech company offices. The question is: What’s a downtown without a city?

Source: www.fastcompany.com

The 2 million s.f. that was once home to over 5,000 Bell Labs employees in Holmdel NJ, fell on hard times when AT&T's successor shuttered it in  2007. Finding a tenent for a place the size of the Empire State Building laid on its side proved fruitless. But one developer saw it's potential as a mini-city and it's once again open for business under the name Bell Works.

 

Now 70% occupied, the intent is to capture the reverse migration crowd who like the buzz of the city, but want to raise their kids in the burbs. The building offers office space (prefab, custom, or co-working, stores, a food hall, library, daycare and fitness facility, public space, and perhaps soon, a hotel, conference center, and ballroom. 

 

The article cites a study that estimates 7.5% of the nation's office inventory is obsolete or unnecessary for the modern company. Is this the future of abandoned office parks and shopping malls?

 


According to Deloitte, 64% of employees and even company leaders have no passion for their work. Is passion the new engagement? 

According to Deloitte, 64% of employees and even company leaders have no passion for their work. Is passion the new engagement? 

"In the face of rapid technological change and global competition for talent, capital, and customers, we’re focused on the wrong thing, or at least too narrowly, if the intense investment in employee engagement has not produced employees willing and able to take on challenging issues and pursue new opportunities."

Source: www2.deloitte.com

The piece suggests these three attributes are present in passionate people. They:

  • Seek out difficult challenges
  • Connect with others to find solutions
  • Really want to make an impact

 

People with these attributes are willing to risk being wrong and able to think flexibly, learn quickly, and create new knowledge.

 

Unfortunately, most organizations do not offer an environment that inspires passion. Risk-aversion, defensiveness, command-and-control attitudes, short-term performance measures, and silos are the bane of passion.

 

Interestingly, high engagement does not seem to move the needle as much as you might think it would on passion. What does seem to correlate closely is:

  • Autonomy
  • Being measured by outcomes
  • Opportunities and encouragement for cross-functional teaming
  • Recognition for ''thinking outside the box"
  • A positive attitude toward failure

 

Their quick-start guide includes tips such as: ditching rigid processes, passion-sucking reporting requirements, and soul-crushing micromanagement.


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