Join us for: ‘The return on workplace investment: Can it be proven?’
Register now for episode 61 of ‘Navigating turbulent times’ when we will introduce our new return on workplace investment (ROWI) tool intended for calculating the impact of workplace optimisation projects.
Over the years, the Facilities and Corporate Real Estate industries have become increasingly focussed on cost reduction, where property is counted as a cost burden rather than an investment that enables and optimises performance, a value creator.
This is despite overwhelming evidence to show that the design of a workplace impacts the health, wellbeing and productivity of its occupants. One reason is because there is not yet sufficient faith in productivity research, so the impact of workplace investment is simply ignored in design, finance and leasing decisions made by the mainstream corporate real estate sector.
The Institute of Workplace and Facilities Management (IWFM) research team, Liverpool Business School and Workplace Unlimited set out to challenge this. They have collaborated and developed a tool to calculate the return on workplace investment; the ROWI Tool.
Intended as a ‘ready reckoner’ for calculating the impact of workplace projects (including planning, design or operation) on employee performance, the ROWI Tool is intended for use as part of a high-level cost-benefit analysis for new fit-out or refurbishment projects to factor in this additional value, so they no longer depend on cost alone.
Meet the team on Wednesday as they explore the tool that can demonstrate to organisations the impactful work that the ‘lynchpin’ facilities profession can lead.
Host Peter Brogan, Head of Research and Insight will be joined by the project team Dr Matthew Tucker, Dr Hannah Wilson and Dr Nigel Oseland as they introduce the ROWI Tool, explain its development and show how it may be used in practice.