Workplace design can pose financial services companies for success amid trends that could transform the industry, according to a report, “The New Financial Workplace,” recently released by HOK’s WorkPlace Group.
New technologies like cryptocurrency, biometrics, and blockchain are disrupting the financial sector. These technologies are providing emerging companies with the tools to compete with venerable financial giants.
In order to compete for talent with these upstart technology-focused firms, old-line financial companies have to adopt the cultures and workplace design practices of the technology industry, the report asserts. The report’s findings include:
- A continued decline in square footage across the industry indicates that more financial firms have adopted progressive work styles and are catching up with early adopters.
- Firms that had previously reduced their space have stabilized and are now looking for ways to enhance the employee experience and retain top talent.
- Office space has evolved from being the only place of work to one of many in an entire ecosystem of choices.
- Firms are moving beyond open-plan offices and instead installing more flexible space.
- Neighborhood-based Choice Environments (NCE) provide neighborhoods for teams to operate out of while still giving people access to a variety of work settings.
The document includes case studies of projects for Scotiabank, TD, Nasdaq, Union Bank, and Harris Bank that provide insight into current best practices.
The report can be downloaded at: http://www.hok.com/thought-lea
Related Stories
Codes and Standards | Jul 17, 2018
In many markets, green features are more of a requirement for apartment renters
Renters in many U.S. cities have come to expect green features in apartments that they rent, with an eye toward energy efficiency and healthy indoor air.
Codes and Standards | Jul 16, 2018
Length of North American construction disputes continues to increase
They already far exceed global average.
Codes and Standards | Jul 12, 2018
Developer says net zero Salt Lake City apartment high-rise built at standard cost
Off-site solar, and mechanical/electrical system savings aid the achievement.
Codes and Standards | Jul 11, 2018
D.C. local worker requirement not being met
Government doing little to verify self-reported project data.
Codes and Standards | Jul 10, 2018
Carbon emissions in cement production threaten GHG reduction goals
Cement is essential to many infrastructure projects that address climate change.
Codes and Standards | Jul 10, 2018
DOE’s Better Buildings Summit to be held in Cleveland, August 21-23
Agenda includes technical training and networking opportunities.
Codes and Standards | Jul 6, 2018
Houston’s lessons learned from Harvey include lack of awareness by residents of flood danger
Inconsistent regulatory environment also cited.
Codes and Standards | Jul 6, 2018
Delos and HDR will co-develop wellness design tools and collaborate on research
WELL Building Standard pioneer teams with architects to advance wellness innovations in the built environment.
Codes and Standards | Jul 5, 2018
BREEAM New Construction standard launched in U.S.
Follows successful launch of BREEAM In-Use standard.
Codes and Standards | Jun 29, 2018
Nearly half of nonresidential construction projects now delivered by design-build
‘Alternative’ method now mainstream for nonresidential, highway/street, and water/wastewater construction projects.