OfficeSpace Software Releases Workplace Strategy Report: Leaders Want to Foster In-Office Connection, but Are Struggling to Measure Hybrid Success

OfficeSpace Software, Inc., the creator of better workplaces, today unveiled its 2023 Workplace Strategy Report, which combines insights gathered from surveying over 150 workplace decision makers and thousands of OfficeSpace platform data points. The report shows most businesses are adopting hybrid strategies for the long-term. But while office leadership is ready to invest in technology to prepare offices for hybrid workers, fewer than half have clear plans in place to measure how their efforts will impact company culture and collaboration.

With 71% of employees in the office two to three days every week, workplace leaders are also discussing whether to cement their current hybrid policy. Just over half (52%) of leaders say they plan to create an office attendance policy in 2023, but there's less appetite for a company-wide policy (43%) than a policy managed at the department level (53%).

Workplace leaders are more unified in why they still want face-to-face time with employees. Nearly two thirds (65%) say being in the office allows for improved collaboration, while 59% say days in-office help build company culture. The survey also shows leaders are taking steps to ensure their office designs are more conducive to communal activities with 35% planning to convert some of their space into collaboration rooms, and 31% planning to increase the number of social spaces across their offices.

"The work that once got done in the cubicle now gets done at the kitchen table, or at the coffee shop counter," said David Cocchiara, CEO at OfficeSpace. "The 2023 Workplace Strategy Report found a clear trend: Yes, the office is still critical, but its purpose is in transition. In-office time is more for building culture and collaborating with colleagues. But this transition comes with a physical restructuring of the office. In 2023, leadership teams will be looking will be taking a hard look at how best to use their space to keep employees connected."

Among the survey's other key findings:

• Many businesses are considering how to right-size their office footprint for a hybrid strategy; 70% of survey respondents indicate they plan to maintain or reduce space accordingly
• Workplace leaders will be tracking the time employees spend in the office closely with 86% monitoring badge data to better understand office utilization, and 73% plan to track or are tracking desk or room reservation data
• Still, most leaders can't determine whether the data they've collected shows their strategies are working: only one in five decision makers have goals and metrics in place to identify and measure success

"Measurement absolutely must be a priority for workplace leaders in 2023," said David Cocchiara, CEO at OfficeSpace. "The best approach will be through layering data. For example, badge swipes and desk reservations can tell leaders when employees are in the office, but more contextual data such as employee surveys can help leaders understand why employees come in at particular times. Workplace technology can help leaders track and explore this data, allowing them to make better decisions about how to refine their hybrid strategy."

For the complete 2023 Workplace Strategy Report, visit https://hubs.li/Q01B3b600.

About OfficeSpace Software

OfficeSpace simplifies the workplace for dynamic organizations. Its innovative platform, intuitive experience, and invested team provide the integral, strategic tools necessary to create a successful workplace. From space management and real estate analytics to desk booking and employee requests, OfficeSpace provides the flexibility and agility forward-focused companies need to manage their current workspace?and create a better place for everyone. Learn more about what we're doing to help manage the flexible, hybrid workplace at www.officespacesoftware.com, and connect with OfficeSpace via LinkedIn, Twitter, Instagram, and Facebook.

About Vista Equity Partners

Vista is a leading global investment firm with more than $86 billion in assets under management as of September 30, 2021. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit, and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista's investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future?a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on Twitter, @Vista_Equity.