The quality of a workplace has become nearly as important as the job itself. 94% of executives and 88% of employees believe a distinct workplace culture is important to a business’ success, while companies with strong cultures saw a 4x increase in revenue growth.
When focusing on boosting employee engagement the most important thing a company can do is listen to their employees, and in the case of proptech, its tenants, putting an emphasis on reactionary changes based on their feedback. Beyond simply reaching a particular baseline, employers need to start tailoring the everyday experience of their employees and tenants supplemented by open lines of communication that make the end result possible.
So what does this have to do with proptech? Well, first and foremost, a huge component of the quality of the workplace is also dependent on the ability to have a successful work-life balance. By using automation to fulfill tasks smarter and more efficiently, property managers and employees of integrated buildings can focus on relationships, the intricacies of their job and not running after service requests that take them away from being successful in their current role. Additionally, with the implementation of IoT, data-driven patterns can be used to better predict and accommodate needs before they’ve become severe or problematic.
This creates an ecosystem filled with relationships, where employees can focus on workplace culture and their business rather than solving issues reported by their employees, building managers can get ahead of any internal issues, and building owners can begin to compete without having to incur massive costs to re-do their aesthetic or continuously update the environment.
According to law firm Linklaters: “Smart building technology will generate cost savings and increase environmental efficiencies as well as allow landlords to offer tenants advanced features and services”. With these efficiencies, they will be able to create an environment that not only fosters productivity but fosters a community that values the time of the people who come in and out of their building each day.
"We see a future (and present) where proptech becomes a decision-maker for employees taking on new jobs as it is providing yet another tool in the toolkit of how to build a more engaged and experiential workplace culture"
By allowing tenants, office-goers, and staff to feel connected through a bigger picture of a platform that is flourishing with information beyond the departmental, companies are ultimately creating a way to bridge the divide that once existed. Proptech and tech tools are becoming the standard in any modern workplace, and the modern worker is always looking for corporate opportunities that are in line with workplace trends and allows them to have a greater quality of life. Happy employees equal productive workplaces and at Lane, we make workplaces that work for you.