Every successful organization needs to keep track of several key indicators that assist the management team in identifying potential areas for growth or improvement. For real estate professionals it is essential to measure space usage. It is critical to plan for future success by making intelligent choices about how you utilize your space.
Introduction to Modern Workplace Analytics
In today’s word, analytics technologies are actively employed to create insights for numerous activities – from marketing, supply chain, production, and consumer behavior. Some advantages of interpreting modern workplace analytics are as follows:
Improved Employee Happiness
These technologies help employees and companies manage time and duties. The analysis helps increase cooperation, organizational design, engagement, work-life balance, and employee happiness.
You may enhance internal procedures and streamline processes through staff productivity analysis. You may examine collaboration and software usage patterns to increase productivity and engagement.
Enhance Employee Digital Experience
You can track performance using staff productivity data. You can rectify faults to maximize the software’s value.
Better Retention and Engagement
Employee productivity analytics help you meet the expectations of an evolving workforce. Engaging, motivating, and retaining employees is crucial. Managers may utilize analytics to identify and fulfill training needs before workers lose interest in their jobs.
How Do You Measure Space Utilization?
Data on office space usage includes how many people are in the building and for what purpose. Managers in the workplace can use this information to analyze whether or not the available space is being used effectively to meet current and future company objectives.
The following are some critical questions to ask while evaluating and measuring indicators for space utilization:
- What is the average size of your workstation?
- How many employees are there at each workstation?
- Can employees still share a desk if they aren’t in the office daily?
- When are meeting rooms being used?
Top 5 Metrics
When using tools like hot desking software, managers can get a wealth of space usage data that can be used to make insightful decisions. Here are five space utilization metrics that every facility manager should be familiar with:
Average Office Usage
Over a certain period, the number of employees using the office space is the average office usage of an area. This figure can inform you if the facility has enough seats to fulfill your typical demand, especially if you intend for two standard deviations over your average.
The most significant number of employees occupying a specific workplace area, such as a conference room, is known as peak usage.
Peak frequency measures how frequently an area is fully utilized in a specific period. You can discover office space occupancy patterns by tracking peak usage and peak frequency. You can observe when your workplace is busiest and ensure you have enough room to meet your requirements.
Meeting and Conference Room Usage
There’s also the matter of shared spaces and conference rooms, which are growing increasingly crucial as the typical office gets smaller. To make better plans, occupancy sensors allow you to know which areas are used at any moment and discover patterns.
Average Desk Occupancy
You may alter the arrangement of your office space to match demand by knowing your typical room usage and desk occupancy. Consider transforming some meeting room space into reservable workstations if your conference rooms are regularly underutilized, but your desks are always full.
A new generation of technologies for optimizing the use of available space includes hot desking software.
Hot desking software has risen to the challenge of making the most of available seating allocations.
Employees may also book resources like conference rooms, technology, or even parking spaces using this platform. In addition, they give management teams comprehensive data, allowing them to discover trends in the workspace.
Rendezvous’ hot desking software integrates seamlessly across platforms.
- You can book a hot desk without interrupting your productivity and changing your calendar.
- Mobile desk booking using QuickBook means no time is wasted racing for a workstation.
- Rendezvous is compatible with iOS, Android, and Windows devices.
- It helps optimize desk usage to save operational costs.
- Our hot desking software eliminates “no-shows,” a significant real estate expenditure.
Get in touch with us for a demo!