BLOG | FEBRUARY 2023

Facilities management and banking: what to expect in 2023

How will facilities management for banking clients evolve in 2023? ISS Group Business Development Director Mark Arcari shares insights on the trends he anticipates this year—and tells us why data and an adaptable approach will be key.

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Global challenges, such as rising energy prices and climate change, are continuing to impact businesses this year. As organizations respond, Mark Arcari, Group Business Development Director in Banking and Professional Services, says ISS will use fresh insights and new technology to align facilities management solutions for clients, in line with their evolving priorities.


Having worked in the industry for over 25 years, Mark has seen many shifts in the way companies think about their workplaces. He believes that understanding how companies can better support sustainability, both in terms of environmental and social priorities, will become even more important this year. “In 2023, more than ever, we’ll be continuing to challenge ourselves as to how we can help customer journeys to net zero by reducing their emissions—through, for example, energy and waste optimization programs,” says Mark. “There’s also an important social element to consider: how do we drive environmental engagement while connecting people and communities?”

Data-based insights

In the wake of rising interest rates and predictions of a global recession, Mark highlights that responding to these economic pressures will be an immediate priority for most businesses. “It will be an industry-wide challenge for our clients and suppliers alike,” he says.

Data will continue to be a crucial enabler in helping ISS optimize costs and services to clients’ needs, and mitigating risks. “Having business intelligence to support better value-based decisions will be core,” Mark explains. “We will work with our clients to inform and advise on which building to invest in, how much space is required, cost and value decisions, and how to improve the services—helping to balance their colleague experiences while optimizing their input costs. How we, together with our clients, use those insights is going to be key in 2023.”

He notes the further potential in analyzing the links between facilities management and real estate data. “Very often these two service towers are looked at in isolation. We will integrate these data streams to uncover opportunities for both portfolio and service optimizations.”

In the banking sector, Mark says conversations about space requirements—and whether they are fit for purpose—are “front and center” of client discussions. In turn, as banks digitize and migrate to a hybrid working model, the focus on “removing any barriers between real estate and facilities management data” will enable more intelligent insights, he explains.

The way companies use workspaces is another key consideration for 2023, as businesses continue to adapt to working life post-pandemic. “I think the challenge we are faced with is how to think creatively about space optimization,” says Mark. “Most companies want to update their workplace offerings for three main reasons—enabling teamwork and innovation, attracting talent, and enhancing the feeling of belonging. This will require a reimagined workspace, with collaboration at its core.”

And, as data becomes increasingly important, cyber security will remain a priority, he adds. “We will continue to work with our clients to ensure data security and protection.”

The changes in the market will call for ISS to be “more flexible and fluid in our approaches going forward”, says Mark. “Who could have foreseen some of the global events we’ve just gone through? We know we need to be agile and nimble to help clients through these challenges.”

Attracting and retaining talent

Mark anticipates that talent attraction and retention will continue to be a priority for clients in 2023. Last year, the turnover rate among non-officer banking employees reached 23%—the highest level since 2019. “I see this becoming tougher and tougher for our banking clients, and the more we can help them through great workplaces and curated experiences, the better,” he says, adding that Corporate Real Estate and HR services are collaborating more closely than ever. “Increasingly, the younger generation is assessing the workplace as a key factor when choosing between potential employers. I think there’s always more our industry can do to support our clients to differentiate in that space.”

This will involve aligning resources and services towards initiatives that provide true value to financial services organizations. “We need to continuously challenge ourselves to think differently,” says Mark. “It’s not necessarily always about saving money. It’s about directing the budget to the activities that add value and meet our clients’ needs.”

Here too, data will help ISS to identify and meet these needs, says Mark: “For example, how can we use occupancy data to predict how many people are going to be in the building on a particular day, and resource accordingly?”

And of course, ongoing changes in banking regulations and requirements will also continue to affect the financial services sector, he adds. “The foundation of our approach is managing risk to support our banking clients in complying and operating within those regulations.”

Mark anticipates that adaptability will be essential in a time of global and macroeconomic uncertainty, as well as regulatory and compliance changes for the sector. With a keen overview of the trends to be anticipated over this year, 2023 will see ISS continue to work closely with clients to develop solutions to their challenges.

CONTACT

Mark Arcari

Business Development Director, Banking and Professional Services – ISS Group

Contact Markmailto:mark.arcari@group.issworld.com?subject=Inquiry

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