A comprehensive new report from The International Facility Management Association (IFMA) and the Simplar Foundation provides new insights into the global facilities management market.
The Facility Management Pulse Report draws on authoritative data from IFMA's new FM Workload Index (FMWI), capturing how workload, budgets, staffing and projects are expected to shift over the next 12 months.
Organizations that align planning, sourcing and risk management early will be best positioned to sustain momentum, meet demand and deliver consistent results.
The survey asked facility professionals worldwide whether they expected their overall workload to increase, decrease or stay about the same. Respondents included facility practitioners across 80 countries, managing 3.2 billion square feet (300 million square meters) and representing a wide range of industry sectors. Consequently, the FMWI provides a consistent barometer across sectors, regions and future survey waves, providing FM leaders with a simple way to compare conditions and track change over time.
"FM leaders face steady workload growth supported by modest budgets and constrained staffing," Nickalos Rocha, IFMA's director of benchmarking, tells FM Magazine. "Organizations that align planning, sourcing and risk management early will be best positioned to sustain momentum, meet demand and deliver consistent results."
"Thanks to the participation of our respondents, we're able to provide facility professionals the strategic foresight to skillfully navigate and capitalize on evolving risks and demands," adds Michael V. Geary, CAE, IFMA's president and CEO. "The findings, and specifically the FMWI, are of immense value in understanding industry drivers, challenges and expectations across regions and sectors. It helps ensure that FMs and their organizations are not caught off guard by factors influencing market dynamics but are better prepared to respond to supply and staffing issues, scope changes, economic conditions, regulatory impacts, and other risks and opportunities."
IFMA's industry-leading research and benchmarking provides insights, analysis and deep dives from the best in the FM industry to help professionals stay one step ahead of tomorrow's challenges.
To access the Facility Management Pulse Report, click here.
