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 | Apr 8, 2021
Sensors used in tunable lighting systems found to have high reliability
DOE study investigated items used to control lumen depreciation, chromaticity shifts, and changes in drivers.
Codes and Standards | Apr 7, 2021
Red tape ruined the U.K.’s home retrofit program
Lessons learned could help US avoid that fate.
Codes and Standards | Apr 6, 2021
Lendlease achieves net-zero carbon in Boston, Chicago multifamily portfolio
New projects in New York, Los Angeles on track to reach goal.
Codes and Standards | Apr 5, 2021
Specification for sliding door, lift and slide roller assemblies updated
Addresses market trend toward heavy sliding doors.
Codes and Standards | Apr 5, 2021
Construction employment rebounds in March following February drop
Rising costs, supply-chain woes, and cancellations threaten outlook.
Codes and Standards | Apr 2, 2021
Intl. Code Council’s new development system could be a brake on building decarbonization
Local governments lose influence on creating new energy efficiency rules.
Codes and Standards | Apr 1, 2021
Cuomo proposes strengthened NY building codes to boost efficiency
Would apply to appliance, equipment efficiency and reduce water use.
Codes and Standards | Mar 25, 2021
N.C.’s Outer Banks’ communities struggle for ways to keep the sea from overrunning them
Tax hikes for beach replenishment offer temporary solution.
Codes and Standards | Mar 24, 2021
Perkins&Will’s D.C. office pledges to eliminate embodied carbon in commercial interiors
Firm aims to reach goal on all designs by 2030.
Codes and Standards | Mar 23, 2021
The 15-minute city may not work in much of North America
Segregated neighborhoods and car-centric cities may not adapt to the European model.