Report: Chinese companies must invest in real estate facilities management to stay ahead of competition

In China’s increasingly crowded market, how can companies stay ahead?

National emblem of the People's Republic of China

National emblem of the People’s Republic of China (Photo credit: Wikipedia)

As facilities management experts from around the world meet in Shanghai for the annual World Workplace Asia event, a new report from global real estate advisor Jones Lang LaSalle (JLL) reveals Chinese companies could gain competitive advantage through strategic facilities management (FM).

A new generation of young, dynamic Chinese companies are embracing a strategic approach to FM. These companies stand to gain an edge over peers that are struggling to accommodate headcount growth, attract and retain talent, boost international credibility, and mitigate risk. By combining an understanding of how best to use current and future space with the knowledge required to implement the strategy, an integrated approach to FM can vastly improve operational performance and efficiency. Chinese companies have come to recognize the contribution FM can make to wider business objectives and in tackling the challenges of operating real estate portfolios in China. In some cases, companies have outsourced their FM delivery to manage costs and increase the focus on their primary business.

A particular challenge in China is intensifying competition for ‘best-in-class’ talent. A report by the Chinese Government highlighted a decrease in the country’s working population while a recent Manpower Group survey shows 35 percent of companies are struggling to fill positions.

With a high proportion of the workforce below age 35, providing working environments that attract and retain young, skilled workers is critical for Chinese companies to expand domestically and globally. Integrated FM, delivered to international standards, provides a more productive work environment that will attract a young, dynamic workforce.

Click here to download the full report and infographic.

From: Jones Lang LaSalle (JLL)

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