Promotion can hardly catch you at home office

14
Mar
2024
News - Promotion can hardly catch you at home office #Colliers #Czech Republic #home office #report

by Property Forum | Report

A recent Colliers survey, based on an analysis of responses from more than 500 Czech employees across a range of industries, has revealed that over 40% of employees consider telecommuting to be a barrier to their career progression.


The main advantage of working from the office, as confirmed by more than 78% of respondents, is direct contact with colleagues and supervisors. Personal interaction is key to effective communication and building team spirit in the work environment. The importance of a workplace’s social environment is further underscored by the fact that almost half of the survey respondents see a lack of access to career progression opportunities as a big disadvantage of working from home. The findings are backed up by a recent GoodHire survey in which virtually all 3,500 respondents agreed that office-based workers enjoy more benefits and career opportunities than their telecommuting colleagues.

Interaction with colleagues also plays a key role in employees' decisions to reduce working from home and return to the corporate office. 83% of respondents to the Colliers survey believe contact with colleagues to be critical. Less than half cited work environment or technological facilities as the main reasons for returning to the corporate office. "This finding suggests that quality working conditions and technical equipment are currently an expected standard rather than an exceptional added value that employees demand from their employers," explains Jana Vlková, Director of Workplace Advisory and Office Agency at Colliers.

The survey also showed that each generation perceives the risks and benefits of working from the office or home differently. For example, younger Generation Z, represented by workers aged 26 and under, is less concerned about limited contact with colleagues and supervisors. This is a 12% difference compared to other age groups. However, they are, by the same percentage difference, more concerned about worsened career prospects. Differences are also evident in views on the introduction of a four-day workweek. Generation Z is a full 16 percentage points more interested in this option than Generation X. The need for a differentiated approach by employers to support different employee age groups is evident, as Jana Vlková commented.

According to the Colliers survey, just under half of respondents currently report overall satisfaction with their jobs. Relationships with colleagues (73%) and company culture (55%) are the most important motivators for staying at work. Financial compensation ranked third in the survey with backing from 54% of respondents. Although this still represents more than half of survey participants, in times of high inflation it is a low percentage. It shows that money is not everything.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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