Opportunity of a generation for firms to change offices
- January 1, 2024: Vol. 18, Number 1

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Opportunity of a generation for firms to change offices

by Marek Handzel

Hybrid working has provided the “biggest opportunity of our generation” to redesign how and where work is carried out within companies.

In a recent paper on how to combine real estate and operational strategy to improve business performance, management consultancy Alvarez & Marsal says many organisations with desk-bound employees are blaming hybrid working for a loss of productivity and underused office space. But the consultancy says this analysis is tired and shallow. Instead, companies need to reinvent their operating models, improve training and significantly alter how they use their real estate. By adopting such an approach, corporations can achieve their goals with an office footprint that is “cost effective, fit for purpose and ESG-aligned”.

Alvarez & Marsal outlines five “interlinked” solutions to hybrid working’s consequences in the paper that it says can help corporations to optimise their footprint, reduce costs and drive growth.

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