Why It Pays to Create a Great Workplace

Scott Price | July 22, 2016

Creating a great workplace

It isn’t just what you do, it’s where you do it. A great workplace doesn’t just happen, it requires strategic planning, and possibly negotiation and procurement. And not all plans are created equally. Creating a high-performance, adaptable workplace is not like buying a house. Families can grow into the house, but the workplace must deliver a positive return on investment from the start.

To successfully attract and retain top talent, organizations need to consider their office environments as more than just a set of desks and chairs–they should use their physical workplace as an integral tool that will help them recruit and retain the best talent and create spaces that will appeal to the multiple generations in today’s workforce. A great workplace is all about increasing employee productivity in the workplace while also increasing satisfaction.

It’s a balancing act, because you want to foster creativity and productivity while also providing the the perfect balance of space and closeness. You want to enhance collaboration and cross training and provide all workers with enough privacy for heads-down concentration. You want to have enough room to grow, but not have a lot of under-utilized space. And you want to consider alternative workplace strategies and position for the future while remaining true to budget.

Each step of the process matters.

According to the International Facility Management Association, buildings can improve productivity and performance of workers by as much as 12.5% or reduce productivity by 17%. That’s a 30% swing between employee performance in the best and worst buildings. The workplace environment accounts for up to 25% of job satisfaction, and it can affect employee performance by as much as 5% for individuals and 11% for teams. Keep in mind a 2-5% increase in staff performance can cover the total cost of providing for their workplace accommodation.

It’s tough to know where to begin when there are endless location, space, and design options to choose from. How do you know which approach is effective? Keep in mind that spaces can be designed to produce specific performance outcomes—productivity in one space, and increased innovation in another, or both in the same space but at different times. By combining the emerging data with organizational metrics, a workspace’s impact on the bottom line can be measured and the space engineered to improve it.

Bottom line, a great workplace isn’t a random act and requires a lot of time and planning to get right. That’s why it makes sense to have someone working with you, and for you, throughout the process. At PlaceValue, we are standing by to help you get the lease and the space that will meet your needs now and in the years to come. As a leading independent planning, procurement and project management firm, PlaceValue helps our clients realize today’s high performance, adaptable work place, objectively and without bias. By aligning business workplace design with business strategy, managing the supply chain for maximum value, integrating project delivery, and leveraging our buying clout, we bring our clients immediate cost savings and long-term return on workplace investment. Our independence, world class process and pricing transparency, ensure the best possible outcome for your new workspace. Call us to schedule your free consultation today.

For more insights into creating a great workspace, download our free report Three Insider Secrets for Creating a Great Workplace