Conscientious company owners put in place business continuity plans that include staff housing in response to the disruptions created by the pandemic and to ensure continued operations during community quarantine.
Making staff housing part of a company’s operations can help reduce late or absent employees, coronavirus infection risk from commuting employees, employee churn and address work-from-home programs’ lower employee productivity.
Jogee Arellano, chief leasing officer of MyTown, said “given these direct costs to a company, staff housing has an attractive return on investment for many. The corporate clients who utilize our staff housing have seen attrition rates decline up to fourfold, which have material direct and indirect impacts on companies’ bottom lines.”
MyTown, the largest co-living brand in the Philippines owned by Philippines Urban Living Solutions, saw a significant increase in corporate partnerships for staff housing over the last 12 months. “We have seen a dramatic increase in staff housing by more than 70 percent over the last year. The number of inquiries and sector diversity more than doubled over the same period,” Arellano said.
