Optimal offices could unlock €3.4 billion for Irish economy
- New research by Ricoh and Oxford Economics found that Ireland could achieve a 1.0% increase in GDP by optimising their offices
- 93% of Irish employees said improvements to workstations would boost their productivity
- Over a third of Irish businesses plan to spend up to 10% on office modernisation initiatives next year
- 87% of executives cited office environment as top factor for effective business performance
- The healthcare sector could generate almost €1 billion GDP increase through optimisation
*The Economy of People research was carried out in March/April 2018 by Oxford Economics, a leader in global forecasting. The findings are based on forecasts of how productivity in various industries will improve, if investment in workplaces makes them optimal for those that work there and their employers. Surveys and in-depth interviews were conducted with employees and executives across the UK and Ireland to uncover how critical workplace elements, such as culture, physical workspace and technology, affect performance and productivity. Executives were also asked how much of their operating budget they plan to spend on workplace initiatives next year. The insights were used as a benchmark, along with economic factors including gross value added, labour productivity in industrial sectors and employment figures, to form an economic model that calculated the gross value-added contribution to GDP that an optimal office would deliver.
|About Ricoh|
Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support digital transformation of workplaces, workspaces and optimize business performance.
Headquartered in Tokyo, Ricoh’s global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organizational capabilities nurtured over its 85-year history. In the financial year ended March 2023, Ricoh Group had worldwide sales of 2,134 billion yen (approx. 16.0 billion USD).
It is Ricoh’s mission and vision to empower individuals to find Fulfillment through Work by understanding and transforming how people work so we can unleash their potential and creativity to realize a sustainable future.
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