The need for business agility in the face of a rapidly changing business landscape is driving many companies to examine their cost base and the performance of their staff at the same time. Pressure on margins combined with the need to attract increasingly scarce skills in the ‘talent war’ are forcing companies to re-examine their traditional approaches to property, which typically comprise 20% of total business costs – second only to salaries.
In the first of a series of practical, easy-to-read Business Issues papers, The Workplace Performance Initiative sets out a three-pronged strategy, based on
- Reducing costs and inefficiency
- Improving productivity and effectiveness
- Creating flexibility by aligning property to business strategy.
A successful approach to organising the workplace for profit combines these actions with progressive people management and IT enablement. The paper concludes with a roadmap, showing the steps towards a more cost effective, more productive and more responsive workplace.
