CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Research Predicts New Normal for Workplace

Awantika Mohanty • 30/07/2020

Cushman & Wakefield (NYSE: CWK) recently analyzed responses from more than 40,000 individuals globally in the largest known survey conducted on work-from-home experiences during the COVID-19 pandemic, providing insights into how employees are coping and what the new normal will look like as offices reopen. Survey respondents represent approximately 30 companies across nearly 20 industries. 

The survey results demonstrate that, during the pandemic, productivity generally remains strong and team collaboration has reached new heights through better leverage of remote technology. Three quarters of respondents agree or strongly agree that they are collaborating effectively with colleagues in the current environment – up 10% from data gathered during the pre-COVID-19 period – and 73% of respondents would like their companies to embrace long-term or permanent flexible working policies.

Overall, India scored well – with a total experience score that was 4% above the global average.  For the most part, India was above the global average on almost every measure that was surveyed. In particular we saw high scores on many of the questions attached to culture. From the above 68% felt they had maintained connection to company culture – 18 percentage points above the global average. There was also strong work appeal and feeling of fulfilment. An area where India’s score was below global benchmark was in access to outdoor space, likely tied to higher density of the city and probably the extent of lockdowns in India.

Remote working may be here to stay, but survey results also show human connection and social bonding are suffering, thus negatively impacting corporate culture and learning. Only a little more than half of respondents feel personally connected to their colleagues in the work-from-home environment. Which implies that the balance half are feeling disconnected and lost.

The office isn’t going anywhere, but a key role of the office has become clearer – that as a place to establish and maintain those human connections, which flows through to learning opportunities and strengthens attachment to culture.

Anshul Jain, MD – India & SE Asia, added, “As results show India during the lockdown coped very well with the shift in workplace, and has continued to do so with limited re-opening. We do believe that going forward workplace will no longer be a single location, but an ecosystem driven by locations and experiences to support convenience, functionality and wellbeing. In India we had seen a steady densification of offices over the last few years. Hence, we expect the current footprint sizes to remain steady, balancing the social distancing requirement leading to dedensification and off setting the requirement for less office space on account of an increase in work-place related flexibility.”

Cushman & Wakefield has adopted a data-driven, evidenced-based approach to understanding key drivers of workplace experience through its Experience per Square Foot™ (XSF) database, a proprietary tool that tracks real estate and workplace metrics. The firm has analyzed over 2.5 million data points related to workplace experience pre-COVID-19, and an additional 1.7 million data points in the current work-from-home environment.

Visit The Future of Workplace to download the report.  

 

Related Insights

credai-kerela-Image_Card-Image--750-x-456
Research

Kerala's Cities Emerge as Real Estate Sector’s Top Picks

Cushman and Wakefield India Research recently released a research publication, India's Next 10 Emerging Markets, which identified the top 10 tier-II cities of India from a broader list of 17 cities having the highest growth potential in the commercial real estate sector.
03/11/2023
Global-Pathways
Research • Economy

Opportunities Beyond Traditional Borders

The trend of globalization is erasing borders for individuals seeking opportunities to invest, work, live, and indulge in a global lifestyle.
26/10/2023
card image
Research

India's Next 10 Emerging Markets

Engines for future growth for Commercial Real Estate
06/10/2023
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS