MyTown, the largest co-living brand in the Philippines owned by the SM Group’s Philippines Urban Living Solutions, reported a significant increase in corporate partnerships for staff housing over the last 12 months.
In response to the disruptions created by the pandemic and to ensure continued operations during community quarantine, conscientious company owners have put in place Business Continuity Plans (BCPs) that include staff housing.
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 (WFH) programs' lower employee productivity.
"Given these direct costs to a company, staff housing has an attractive return on investment for many,” said MyTown Chief Leasing Officer Jogee Arellano.
He noted that, “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. "
“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,” Jogee added.
Equipped with furnished rooms, extensive amenities, effective and comprehensive COVID-19 protocols, housekeeping, daily meal plans, and accessibility for Makati and Bonifacio Global City (BGC) corporate offices, MyTown has provided a one-stop-shop solution to its partners.
MyTown’s partners have different staff housing needs depending on their operations.
China Banking Corporation (China Bank) President, William C. Whang said that, “MyTown was able to provide staff housing for a number of our employees, to safely, conveniently and efficiently support our operations.”
The Aboitiz Group, a multifaceted investment company, houses its employees at MyTown due to its proximity to their head office in BGC.
“MyTown has helped us protect the well-being of all our team members by ensuring they get to the workplace conveniently, without any worries about how to get there or whether they will get there,” said Czarina Markines, administrative manager at Aboitiz Power Corporation.
KMC Solutions, the country’s largest provider of flexible workspace and staff leasing solutions, wanted to provide added reassurance to its employees by reducing their risk of contamination in public transportation commute.