It is estimated that by 2025 seventy-five percent of the global workforce will be made up of Gen Y staff. Their career goals and expectations are far different from those of their predecessors, with a greater emphasis on flexibility and a unique workplace dynamic as opposed to job security. The fast paced, exciting and collaborative environment of start-ups is a far more attractive proposition; with recent figures showing only seven percent of Gen Ys choose to work for a Fortune 500 company. CNBC boldly predicts that forty precent of today’s Fortune 500 companies will disappear in the next 10 years, so having the right office strategy is going to be more important than ever as the new generation takes control of the workforce.
In Australia, this start-up culture is being driven from the top. Prime Minister Malcolm Turnbull and Treasurer Scott Morrison recently established a national Fintech Advisory Group to help validate the rapid growth in the sector and promote Australia as a global leader in this space. They chose Sydney fintech hub, Stone and Chalk, as the ideal location to launch the initiative, stating “We have succeeded in moving fintech closer to the heart of the nation’s economic agenda.” Schiavello is excited to be at the forefront of this emerging workforce trend, having delivered a number of projects (including Stone and Chalk) that are changing the way staff collaborate and innovate.
One such example is the reinvention of 15 William Street, Melbourne. Deka Immobilien and CBRE commissioned Schiavello to develop a pilot space that responded to current market trends. They worked collaboratively on the strategic outcomes of the site to guide the purpose and design of the space. What eventuated was a purpose-built, edgy designer office created to attract occupiers wanting a more innovative, dynamic, and agile environment to compliment their workforce. Composed by Technē Architecture + Interior Design, it freshly reflects Melbourne’s iconic laneway cafe culture, complete with exposed ceilings and graffiti installation by artist Dan Wenn of 90degrees. The design has been a hit, and will be a great draw card for attracting and retaining the best young talent, while also acting as a conduit for increased business collaboration and creativity.
“By working directly with the client we were able to establish a project budget and a very clear concept design and sketch plan; this gave our clients clarity around the space. Following this a detailed brief was provided to the architect, which fast tracked the design and integrated the construction process – ensuring the final outcome perfectly met the needs of the client within a short timeframe. This process guaranteed a fit for purpose outcome, as well as a rock solid budget and delivery date”, explains Schiavello Design Manager, Amanda Wright.