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
| Feb 6, 2013
CEIR seeks public input on draft of PV racking and attachment document
The Center for Environmental Innovation in Roofing (CEIR) has released the first public draft of PV Racking and Attachment Criteria for Effective Low Slope Metal Panel Roof System Integrationfor an initial round of public comment.
| Feb 6, 2013
Insurance Institute demonstration shows advantages of following wind resistance standards
A demonstration by the Insurance Institute for Business and Home Safety shows how powerful winds affect concrete-and-steel buildings built with different techniques.
| Jan 31, 2013
Proposed ASHRAE legionellosis prevention standard open for third public comment
Changes to a proposed ASHRAE legionellosis prevention standard associated with building water systems are open for public comment.
| Jan 31, 2013
More severe wind storms should prompt nationwide reexamination of building codes, says insurance expert
The increased number and severity of storms with high winds nationally should prompt a reexamination of building codes in every community, says Mory Katz, vice president, Verisk Insurance Solutions Commercial Property, Jersey City, N.J.
| Jan 31, 2013
California Building Standards Commission adopts 2013 code update
The California Building Standards Commission adopted the new 2013 state standards code that includes new energy code provisions, accessibility standards, green building and water use modifications.
| Jan 25, 2013
D.C. authority wants to halt sewer tunnel projects while investigating green stormwater alternatives
The District of Columbia Water and Sewer Authority has proposed suspending a tunnel-building project.
| Jan 25, 2013
Energy modeling needed to overcome ‘plug load problem’ to meet high green standards
Plug loads illustrate how much end-users impact overall building energy use.
| Jan 25, 2013
ASHRAE publishes revised filtration standard, combines Standard 52.1 and 52.2
A newly revised filtration standard from ASHRAE combines two standards aimed at improving the technical accuracy of filter testing.
| Jan 25, 2013
AISC 206-13 standard for structural steel erectors available for review
AISC 206-13, a quality management system standard for structural steel erectors, is now available for public review.
| Jan 25, 2013
Builders Hardware Manufacturers Assn. revises five ANSI hardware standards
The Builders Hardware Manufacturers Association (BHMA) has released five revisions to ANSI/BHMA standards recently been approved by ANSI (American National Standards Institute).