According to Signify, its survey of 500 small to medium business owners reported 80% of business owners saying retaining and motivating talent is a major business challenge, followed by growth (55%), profitability (43%) and technology changing the industry (38%).
Signify, the former formerly Philips Lighting, says the report was released to highlight the importance of investing in connected workplace design and technology, which includes connected lighting, spaces and sustainability initiatives, with a majority (85%) of business owners saying this would improve business functions and help motivate and retain employees.
Signify spokesperson Simon O’Donnelly said the report highlights why creating a positive physical workplace environment can counter many employee challenges while reducing operating costs.
“For those businesses that are paying attention to their staff’s physical experience at work, including light, design and air quality, they are realising significant benefits, such as happier employees, improved sustainability credentials and a stronger bottom line.”
Signify says businesses that have already adopted the technology said it improved employee engagement (36%), wellbeing (44%), productivity (43%) and increased cost savings - however, it’s clear some business owners still have a way to go, with 1 in 5 saying their business is slow to adopt new technology despite recognising its benefits.
According to O’Donnelly, connected human-centric lighting (HCL) is fast becoming the gold standard in reinventing the workplace.
“The technology works by connecting in-depth knowledge of user needs with the dynamic lighting applications to improve feelings of wellbeing and performance. This includes new approaches to reducing glare and other forms of visual discomfort, and the use of daylight to increase energy efficiency.”