The Leader - May/June 2008 - (Page 46)

W o r k F or ce lon GevitY a n a lYsis: a ss e s s i nG Future laBo r Marke t ri s ks Fo r co rp o rate real e s t at e vation, the Workforce Longevity Model empowers CRE, together with HR and Operations, to examine the portfolio for additional cost savings opportunities and asset tactics; enhancing the power for either team to increase the company’s bottom line. Proactive strategies can be developed for growing businesses, improving speed to market, quality, and productivity once the company deploys assets to those locations. CRE can also use the tool to justify lease terms and duration (i.e. enhancing the renewal option or termination strategies in lease negotiations based on the duration and sustainability of the targeted labor force and risk to competition) CB Richard Ellis’ Workforce Longevity Model enables workplace strategy to operate at its best. Aligning CRE with internal organizations and their corporations, the Workforce Longevity Model empowers companies to make decisions for real estate and labor operations that are, holistically, in the best interest of the entire company, rather than isolated decisions supporting individual business units. Sustainable, low cost and quality labor forces are identified, exploring risks around continuing operations in these markets. The result is a proactive strategy with upfront identification of a facility’s ability to attract a quality labor force, and justified capital and expense planning around facility build-outs, wages, attrition management and lease negotiations. This innovation represents the type of continuous improvement the corporate real estate world must embrace to increase CRE contributions to their company’s success. aBout tHe autHor As Director of Consulting for CB Richard Ellis’ Labor Analytics Group, Kristin Beatty develops corporate real estate solutions for site selection and portfolio optimization strategies, utilizing her expertise in North American labor markets. For more information on this topic, go to CoreNet Global’s Knowledge Center Online. Location Velocity: Good Today, But What About Tomorrow? http://www2.corenetglobal.org/dotCMS/ kcoAsset?assetInode=2700092. tH e le aDe r 46 MaY / j u n e 2008 http://www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=2700092 http://www2.corenetglobal.org/dotCMS/kcoAsset?assetInode=2700092

Table of Contents Feed for the Digital Edition of The Leader - May/June 2008

The Leader - May/June 2008 Leadership Contents Message from the CEO Real Estate in the News Green Real Estate Work Without Boundries Building Flexibility Into the Business Strategy Multi-Generational Work-Force Design Work Force Longevity Analysis Wells Fargo's David Nelson Pennsylvania's Michael Rossman Globalization 2.0 Site Selection Consultant Directory The New York Report: A Core of Traditional and State-of-the-Art Opportunities Discovery Forum Findings Industry Tracker Young Leader Career Development Effective Leadership Economic Development in the News A Look Ahead In Our Next Issue Calendar of Seminars Index of Advertisers Executive Development Spotlight

The Leader - May/June 2008

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