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 | Jan 31, 2018
California is the first state to phase out incandescent light bulbs
In two years, the rest of the U.S. will follow suit.
Codes and Standards | Jan 31, 2018
Automated tool assists in design of force transfer around openings
Engineered Wood Assn. offers free calculator and technical note.
Codes and Standards | Jan 31, 2018
First large-scale use of perovskite solar cells in office building slated for Poland this year
Skanska will integrate the technology into building facades.
Codes and Standards | Jan 29, 2018
Advanced Energy Design Guide for K-12 Schools to achieve zero energy
Publication is joint effort by ASHRAE, AIA, IES, and USGBC.
Codes and Standards | Jan 26, 2018
Flying drones while inebriated now illegal in New Jersey
Violators could be sentenced to six months in jail.
Codes and Standards | Jan 25, 2018
OSHA penalties for violations increase
Fines adjusted for inflation in the New Year.
Codes and Standards | Jan 23, 2018
Disaster mitigation strategies that exceed code could save billions
Four dollars saved for every dollar spent, says NIBS report.
Codes and Standards | Jan 19, 2018
U.S. construction fatalities rose 6% in 2016
Falls accounted for 39% of deadly accidents.
Codes and Standards | Jan 18, 2018
Record storm surge in Boston prompts renewed calls for flood mitigation infrastructure
Newer buildings constructed in flood zone fared well.
Codes and Standards | Jan 17, 2018
Green Building Initiative acquires global rights to Green Globes from JLL
Transaction allows GBI to expand operations to Canada and elsewhere.