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Banks under pressure to increase workplace productivity
Chicago, London, Singapore, 11 November 2013 – According to results from the 2013 Jones Lang LaSalle Global Corporate Real Estate Survey, commercial real estate teams at banking and financial services companies need to tackle four main risks that collectively impact real estate productivity.
These risks are outlined below and can be viewed in more detail within a new report, entitled The Productivity Imperative: 2013 Corporate Real Estate Trends for Banking and Financial Services:1. Staffing and portfolio efficiency 2. Workplace productivity expectations3. Interaction with procurement teams4. Managing emerging market expansion
1. Demonstrate CRE staffing efficiencyData gathered from 147 banks across the world reveals that banks possess an average CRE/total company staff employee ratio of 1:2,412. This varies significantly by the size of the bank, but on average, is below the 1:4,000 ratio of other large organisations and is the lowest ratio in the private sector.
“Banks were early pioneers in outsourcing real estate services, primarily in the search for cost savings. But over the last ten years other sectors have now caught up and, in some instances, even overtaken them. Financial services organisations have a diverse range of real estate space requirements that requires careful management; this cross-sector analysis raises the question whether there is still room for improvement. Banks are now turning their attention to new issues related to workplace productivity, closer business alignment for proactive portfolio management and more advanced partnering models which have a more strategic focus and integrate their service requirements,” said Jeff Schuth, International Director, Corporate Solutions, Jones Lang LaSalle. Table: Total number of organization employees for every one Commercial Real Estate team member
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