CoreNet Global H. Bruce Russell Global Innovator's Awards
Corporate real estate departments are under increasing pressure to look outside their traditional real estate models in order to optimize strategy and growth planning for their real estate portfolios. Labor is at the heart of a corporation’s ability to successfully compete in today’s marketplace. Human capital is often a company’s largest asset, while also being its biggest cost, often comprising 70% of a company’s operating expenses.

As businesses continue to be challenged with the dwindling supply and higher costs of today’s robust labor markets, labor-centric solutions are being demanded. Evaluating a portfolio on a more holistic basis can be a daunting task and analyzing which labor markets are appropriately positioned for growth is difficult.

In response, CBRE’s Labor Analytics Group developed a risk evaluation tool, LaborPlan^TM can identify which of its clients’ operations may be in markets that would maximize their success, and which may be at risk today, or in the near future.

LaborPlan^TM analyzes several competitive, market, and client factors in order to determine the longevity of each labor market. Understanding the length at which a client can operate in each market helps optimize their portfolio from labor supply, competition, and wage standpoints, as well as develop a future site selection strategy aligned with operational success.