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
| Dec 18, 2014
Deal on 2015 budget slashes most federal construction spending
The $1.1 trillion funding bill for fiscal year 2015 approved by Congress makes deep cuts in some construction programs, but the General Services Administration suffered just a short haircut by comparison.
| Dec 11, 2014
Mayor backs reform of Pittsburgh inspection, permitting practices
The proposal, among other things, would impose a rental registration program and fee targeted at keeping better track of problem landlords.
| Dec 11, 2014
Los Angeles mayor proposes earthquake retrofit program
The ambitious program would focus on some apartment buildings built before 1978 and concrete buildings constructed before 1976.
| Dec 11, 2014
Outdated building code hampering recruitment of high-tech businesses in New York State
New York State’s building code is outdated and is hampering the recruitment of high-tech employers, according to a coalition of construction, fire safety, and insurance industry groups.
| Dec 11, 2014
Defense Authorization Act rejects BRAC for 2017
The House of Representatives has passed the $584.2 billion Defense Authorization Act.
| Dec 4, 2014
New airports raising green standards to new heights
Recent airport designs are bigger and much more efficient, based on a look at recent projects in Mexico City, London, and China.
| Dec 4, 2014
Rock Hill, S.C., puts moratorium on multifamily construction
City officials say the flurry of apartment construction over the past year has strained resources, including public services and infrastructure.
| Dec 4, 2014
Ontario contractors renew push for prompt payment legislation
A new coalition of Ontario contractors, construction associations, suppliers and trade unions will push for a revival of prompt payment legislation late this year.
| Dec 4, 2014
Roofing material manufacturers extend research project on sustainable roofing
A coalition of trade groups is sponsoring continued analysis of a reroofing project at the Onondaga County Correctional Facility in Jamesville, New York.
| Nov 26, 2014
Colorado must fix construction defects law, Denver Post says
Colorado's “vexing construction defects law” has hampered the building of new condominiums in the state, according to an editorial in the Denver Post.