By Allison Landa, News Editor<\/p>\n
PHOENIX – With 65 acquisitions over the last five and a half years, Oracle Corp. has repeatedly found itself called upon to make real estate decisions. Today at CoreNet\u2019s Global Summit, two Oracle representatives outlined the process.<\/p>\n
Key to Oracle\u2019s real estate strategy is the implementation of alternative workplace methods to lessen space needs. The company has a total of 26 million square feet in its portfolio, with 6.1 million subleased or on the market.<\/p>\n
\u201cWe\u2019ve been dabbling in trying to reduce and use space more efficiently for some time,\u201d Oracle central area facility director Patti Kluth said. \u201cWe have four different space allocations: remote worker, mobile center, hoteling, and the standard workplace.\u201d Hoteling is similar to the standard workplace, but with fewer requirements.<\/p>\n
In provisioning space, the company observes workers, evaluates their requirements, and allocates accordingly. Kluth described Oracle\u2019s approach as a four-step process: simplify, standardize, centralize and automate.<\/p>\n
\u201cIt really has to be a balance of the employee\u2019s requirements and the cost saved,\u201d she said. \u201cWe can\u2019t just attempt to change an employee\u2019s behaviors (due to space constraints) and expect them to change.\u201d<\/p>\n
That said, she added that the greatest cost savings come from alternatives to physical growth. That\u2019s where Oracle\u2019s flexible work program comes in, with mobile centers and remote workers accounting for nearly a quarter of the firm\u2019s employees.<\/p>\n
Area facility manager Stewart Flemming outlined the means by which Oracle prepares for mergers and acquisitions: identifying shadow vacancy, implementing regular reporting and appropriate audits, making a plan of record, partnering with business units, creating flexible environments, reducing or eliminating dedicated work areas, and reviewing and updating real esetate and facilities standards.<\/p>\n
\u201cDuring the acquisition process, the secret is to get in there and get things done,\u201d Flemming said. \u201cOracle does. We act and we act swiftly.\u201d<\/p>\n
Oracle\u2019s online offerings are a major component of its swift action. The company has a complete portal site covering all needs of employees and contractors. \u201cWe get it out there,\u201d Flemming said. \u201cWe track it every 30 days. We have quarterly reports. We audit our space quarterly. We report it back to senior management. \u2026 Being prepared is key to everything. It\u2019s just essential.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
With 65 acquisitions over the last five and a half years, Oracle Corp. has repeatedly found itself called upon to make real estate decisions. <\/p>\n","protected":false},"author":936,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004023281","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\n