By Glenn Mandel

As the workplace continues to evolve at a rapid pace, employers and employees are often presented with new technologies and trends that can impact them on a daily basis. With that in mind, Condeco Software, a global leader in workspace management technology, collated information from some of the world’s top business leaders, surveyed about what they’re planning for, and what they expect to be the biggest challenges to their business within the next five years.

Here are the findings:

  • Integrating technology into the workspace. Half of the business leaders surveyed felt that integrating technology into the workplace, or rather, digitizing the space, was a significant challenge they would face within the next five years. Sixty percent of business leaders see digitizing the workspace as the biggest challenge in the next five years.
  • Adapting to changing employee expectation. Younger generations have high expectations of their jobs and the space they work in, and perhaps those expectations are rubbing off on some of our older colleagues, too. Forty-four percent of business leaders surveyed felt that adapting to changing employee expectations would be a considerable challenge within the next five years.  Forty-four percent of business leaders surveyed agree adapting to changing employee expectations is a challenge facing businesses in the next five years.
  • Increasing costs of workspaces: Many of us are painfully aware of the current high costs of real estate, especially business real estate. Space comes at a premium, and many organizations find themselves stuck in smaller locales than they’d like, needing to expand to increase their turnover, but unable to do so. Thirty-eight percent of business leaders surveyed felt that cost of workspaces likely to be a pressing issue within the next five years.
  • Ensuring sufficient variety of workspaces for employees. Another issue that may well be linked to the high premium on space, business leaders are also concerned about ensuring their workspaces have sufficient variety, to help engage and empower their employees. The survey found that 30 percent of business leaders felt that variety within the workspace would be a challenge within the next five years, and it’s no surprise to anyone who’s been paying attention to the shifting style of the workplace.
  • Ensuring sufficient meeting rooms to meet demand. Finally, the least substantial challenge business leaders expect to face, but perhaps the most universally recognizable one, involves meeting rooms. Meetings are a much-complained about but imperative part of all our working lives. This is partly due to the humble meeting rooms, and their often woefully unprepared status. Eighteen percent of business leaders surveyed said that they agree that meeting rooms need an upgrade.

 

Glenn Mandel is president and founder of Escalate Communication.