Sparking a workplace revolution: Unispace CEO Steve...
Staff are coming back to the office, but their needs...
In this issue, I’ve looked at a bunch of external data about commuting, transportation, and labor vacancies to make my own opinion on whether we are “back to normal.”
My Quick Insights
As the pandemic falls further and further into the rear-view mirror (we hope), I’m convinced both companies and cities have an exciting opportunity ahead, to transition with the shifts we’re seeing. But let’s let the data speak for itself...
Commuting within cities has decreased
Transportation and commuting data confirms cities haven’t been the attraction they once were. People are looking for flexibility and convenience when it comes to where they are living and working.
*Data analyzed include TomTom Traffic Indices and Google Community Mobility Reports to better understand movement around cities as well as labor data from respective government agencies to understand the impact of Covid-19 on labor markets of interest.
Labor shortages have increased
All of this indicates people have left, and are continuing to leave the workforce due to shifting priorities and responsibilities. To attract and retain talent, we need to remain competitive by supporting employees wants and needs – everything from flexible hours/day through to what snacks are in the cupboards of the office.
Employees are taking on the role of a consumer
Job vacancies across the globe have continued to increase (55% in London, 64% in Sydney, and 127% in Singapore) despite employment rates returning to pre-pandemic levels. What does this tell me? Thanks to a hot labor market, a growing skills gap, and lighter traffic into cities, workers are in the driver’s seat. They’re looking for better work environments, culture, and career development, and they know they are in the position to get it.
Employees across the globe expect more than just office space from their employers.
Companies that fail to listen and act accordingly risk losing their most vital and costly asset – talent.
Like what you’re reading? Stay tuned for the next issue coming in August.
About Steve Quick, Global CEO
As the CEO of Unispace, Steve leads 800 strategists, designers, innovators, and creators across 26 countries. He brings a unique perspective cultivated over 25 years in leadership roles at Cushman & Wakefield, CBRE, and Johnson Controls Global Workplace Solutions.
Connect with Steve on LinkedIn