New Content Updates
Educational Webcast Alerts
Building Products/Technology Notices
Access Exclusive Member Content
<< Back to Facilities Management News Home
<< Facilities Management
CoreNet Global Advocates That Companies Carefully Construct Plan to Address Telework, Flexibility, Risk ManagementATLANTA -- As debate flourishes aroundthe practice of teleworking and the recent decisions by Yahoo! and BestBuy to restrict working from home, companies need to carefully addressand articulate their workplace strategy, advises CoreNet Global, thepremiere professional association for corporate real estate andworkplace professionals.One way to do this is to measure "quality of life per square foot," andgive knowledge workers a stronger voice in influencing major changes,including the way workspaces are designed.The group's 7,800+ members directly influence the design and operationof corporate workplaces worldwide."Workplace strategy is a vitally important aspect of corporateorganizations, because it directly influences outcomes with branding,human resources management, real estate, sustainability, site selectionand risk management," said Richard Kadzis, Vice President at CoreNetGlobal. "It is not a one-size-fits-all proposition."Out of necessity, how a company manages these options will be unique tothat entity, Kadzis added. "But one thing is certain. Workplacestrategy is a vital business-enabling resource that has caught the eyeof the CEO, because it dictates a company's success in many otherareas. It enables employee engagement, creative interchanges,innovation and, ultimately, competitive advantage and shareholdervalue."With as much as 70 percent of the U.S. workforce either not engaged oractively disengaged on the job, the economic and competitive stakes aregetting higher, as is the value of human capital.That's one reason why the advocacy statement recommends that corporatereal estate executives shift away from traditional "two-dimensionalmetrics" for productivity like cost per square foot or revenue peremployee. In some companies, a more pronounced partnership is emergingbetween the corporate real estate and human resources sides of thecorporate shared services suite.CoreNet Global therefore advocates that its members work more closelywith their counterparts in HR to develop a more quantitative, empiricalway to measure productivity around the concept of "Quality of Life perSquare Foot."Click here to view the CoreNet Global position statement advocatingquality of life per square foot measurements.NOTE: The "Quality-of-Life per square foot approach" to real estate isa philosophy developed and espoused by Sodexo, a CoreNet GlobalStrategic Partner.Numerous related case studies are documented within CoreNet Globalincluding:Inside the Life and Times of GoogleMyWork at Bank of America: From Concept to CapabilityGensler on the Value of Human CapitalSteelcase on The Next Office: Why CEO's Are Paying AttentionTo access these and other case studies, please firstname.lastname@example.orgWith more than 7,800 members internationally, CoreNet Global is theworld's leading professional association for corporate real estate andworkplace executives, service providers, and economic developers.Please visit www.corenetglobal.org for more information.