Knoll, Inc. (NYSE: KNL) -- Research by Knoll, Inc., a
constellation of design-driven brands and people, working together
with clients in person and digitally to create inspired modern
interiors for workplaces and homes, has found that over the next
18–24 months workplace design will accelerate away from individual
workspaces to a reallocation of space for meeting spaces, social
spaces and outdoor spaces.
The finding supports the Knoll perspective that considers the
emerging post-Covid pandemic workplace as an ecosystem supporting
flexibility as to where and when one works but, importantly,
weighted toward in-office collaborative activity. The Thriving
Workplace celebrates this workplace design model, prioritizing
brand values and organizational culture.
Based on fourth quarter 2020 data from a survey of 81 workplace
executives across a wide range of organizations in North America,
the study, The Case for the Thriving Workplace, finds that
workplace performance and well-being considerations are shaping the
future workplace and need for organizations to support post
Covid-19 pandemic business continuity strategies through
flexibility.
Kylie Roth, Knoll research director and lead author of the study
said, “Our study shows that Covid-19 has driven a shift in how we
work, inspiring the reimagination of the workplace. The data
highlights that we are on the brink of transformative change.”
“The emerging Thriving Workplace will be based on dynamic
neighborhoods and zones – flexible, highly adaptable spaces,” she
added. “It’s no surprise that the purpose and design of the
workplace is evolving to create new experiences that offer more
flexibility and a variety of inspiring spaces.”
Roth noted that the study tested the impact of post pandemic
workplace strategy business drivers to gauge which drivers are
expected to dominate the direction of the future workplace. She and
her team found that people-focused considerations are top of mind,
including providing employees social cohesion; strengthening
organizational culture and brand; and supporting well-being and
stress reduction.
The study also confirmed that:
- Remote work is here to stay, albeit not without draw backs with
respect to highly interactive work. One third of the respondents
predict that employees will work remotely one or two days a
week.
- A trend away from individual workspace to group areas as well
as increased unassigned space; sharing ratios of people to
individual workspaces will also rise. The study predicts a 22%
decrease in the proportion of individual workspaces, from 67% of a
typical workspace today to 52% in the future. The average
percentage of unassigned workspaces is expected to more than
double.
- Supporting creative and collaborative group interactions will
drive workplace planning. Nearly half of the respondents report
that their primary emphasis is on supporting interactive
collaborative work.
- Meeting, social and outdoor spaces are continuing to grow in
importance. 60% of the respondents predict an increase in the
number of meeting spaces; 50% foresee an increase in social
interaction spaces. Nearly 40% of respondents predict an increase
in the number of outdoor spaces.
- Coworking will continue to grow as an option for organizations
as managed workspace footprint decrease. More than a third of the
respondents state that their deployment of coworking will
increase.
The Thriving Workplace – Crafting a New
Narrative
The full study and The Thriving Workplace – Crafting a New
Narrative, a companion white paper, are available at
knoll.com/thriving-workplace. The white paper focuses on designing
a Thriving Workplace through scalable planning. It recommends
attention to zones and paths to optimize circulation; adaptable
neighborhood settings that leverage a mix of learning, sharing and
restorative spaces; enclosures that delineate space and offer
intuitive technology to connect people across locations; materials
that provide visual interest and provide acoustical
characteristics.
Commenting on Knoll capabilities to address the Thriving
Workplace, Roth notes, “The Knoll constellation of workplace and
residential brands enables commercial, healthcare, education and
government organizations to build thriving spaces for their
employees as well as support their complementary remote work with a
complete range of work from home seating and desk options.”
Cautionary Statement Regarding
Forward-Looking Information
This press release includes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements regarding Knoll, Inc.'s
expected future financial position, results of operations, revenue
and profit levels, cash flows, business strategy, budgets,
projected costs, capital expenditures, products, competitive
positions, growth opportunities, plans and objectives of management
for future operations, as well as statements that include words
such as “anticipate,” “if,” “believe,” “plan,” “goals,” “estimate,”
“expect,” “intend,” “may,” “could,” “should,” “will,” and other
similar expressions are forward-looking statements. This includes,
without limitation, our statements and expectations regarding any
current or future recovery or changes in our industry, and our
expectations with respect to the timing and changes in the way
companies implement "return to work", "work from home" and remote
work strategies. Such forward-looking statements are inherently
uncertain, and readers must recognize that actual results may
differ materially from the expectations of Knoll management. Knoll
does not undertake a duty to update such forward-looking
statements. Factors that may cause actual results to differ
materially from those in the forward-looking statements include
corporate spending and service-sector employment, price
competition, acceptance of Knoll's new products, the pricing and
availability of raw materials and components, foreign currency
exchange, transportation costs, demand for high quality, well
designed furniture and interior solutions, changes in the
competitive marketplace, changes in the trends in the market for
furniture or coverings, and the way and places where people work,
the financial strength and stability of our suppliers, customers
and dealers, access to capital, our success in designing and
implementing our new enterprise resource planning system, our
ability to successfully integrate acquired businesses, our
supply chain optimization initiatives, the uncertainty and ultimate
economic impact of the COVID-19 pandemic, and other risks
identified in Knoll's annual report on Form 10-K, and other filings
with the Securities and Exchange Commission. Many of these factors
are outside of Knoll's control.
About Knoll
Knoll, Inc. is a constellation of design-driven
brands and people, working together with our clients in person and
digitally to create inspired modern interiors. Our internationally
recognized portfolio includes furniture, textiles, leathers,
accessories, and architectural and acoustical elements. Our brands
— Knoll Office, KnollStudio, KnollTextiles, KnollExtra, Spinneybeck
| FilzFelt, Edelman Leather, HOLLY HUNT, DatesWeiser, Muuto, and
Fully — reflect our commitment to modern design that meets the
diverse requirements of high performance workplaces, work from home
settings and luxury residential interiors. A recipient of the
National Design Award for Corporate and Institutional Achievement
from the Smithsonian`s Cooper-Hewitt, National Design Museum,
Knoll, Inc. is aligned with the U.S. Green Building Council and the
Canadian Green Building Council and can help organizations achieve
the Leadership in Energy and Environmental Design (LEED) workplace
certification. Our products can also help clients comply with the
International Living Future Institute to achieve Living Building
Challenge Certification, and with the International WELL Building
Institute to attain WELL Building Certification. Knoll, Inc. is the
founding sponsor of the World Monuments Fund Modernism at Risk
program.
Contacts
Investors:Charles Rayfield Senior Vice President and Chief
Financial OfficerTel 215 679-1703crayfield@knoll.com
Media:David E. BrightSenior Vice President, CommunicationsTel
212 343-4135dbright@knoll.com
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