Recently I met an old friend working for a prominent Australian Multi Manager. We met at a coffee shop, which was part of the brand new, state-of-the-art bank headquarters in a newly developed area just south of Sydney’s CBD. I was quite amazed at a number of things. First, the office was a “hot desk” set up. Basically, the investment team has a designated area, but no designated desks. In the morning, first in, best dressed. You hook your laptop up and log in. A large screen is attached to your laptop and the log in recreates your phone numbers and desktop configuration on the network. At the end of the day, you log off, clean off the desk (i.e. no papers, nothing), go and lock your laptop into a locker, and go home. Depending on how early you get in, you might get the same desk, but you might not! And there is nothing on the desk. No family photos, Wallaby signed footballs, nothing. ANZ Bank has a large new building in Pitt Street Sydney and I hear that this is also a “hot desk” arrangement.
I looked up this concept of “hot desking” and it’s claimed that it saves 30% of building space. The theory is that with holidays, sick days and travel, not all of the desks are being used and therefore a more efficient use of space. I did stop and wonder how it affects people and team interaction. From what I can gather, even senior execs are “hot desking”.
I think about my desk. It’s a bit of a mess. Bills to be paid. Presentations and reports to read. Family photos. iPads, Macbook Air, screen, Mac mini and a variety of iPods, iPhones and earphones. I couldn’t contemplate “hot desking” but maybe that’s just what the doctor ordered. I have been thinking about going paperless. Every piece of paper scanned onto my Mac mini Server. I also think that this prompts people to get out of the office. Equity managers visiting companies. Marketers going around visiting clients. I guess that works if those that you are visiting are in sync and don’t prefer to sit in an office.
The second thing that hit me was the use of Apple Airbooks by the bank and fund management staff. Everybody was sitting around in the cafes with 11 inch Airs. I enquired about this and that was the computer of choice for one of the biggest banks in the country, but get this, they were all running Windows! I guess Bootcamp versions of Windows. I think they were all running Version 7 versus 8. I was pretty amazed as I used to work for the same group. In the early 2000’s half the staff didn’t have email. I used to communicate, in some cases, by fax only! This is a massive technology turnaround. I actually bank with this bank and their net access is fabulous.
I guess I’m just fascinated about this sort of stuff. Other people find it boring but I’m a creature of change and innovation. All of this is part of a changing world in which we do business. I love it that large organisations become creative and innovative. I hope the days of still using Windows XP are long gone and that corporate IT Professionals get to push the envelope. I remember one corporate IT Manager telling me in 1993 that Windows was a passing fad. Well, he certainly got that wrong. “hot desking” is part of this innovation and I see this as a growing trend. It will certainly help me be a lot more disciplined around my desk.