MACH Energy Finds Significant Threat of Facility Management Talent Shortfall and Opportunities for Technology to Mitigate

Demographic trends a challenge and opportunity for building industry

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Dec 11, 2018, 10:37 ET

OAKLAND, Calif., Dec. 11, 2018 /PRNewswire/ -- MACH Energy, a leading provider of modern energy management and tenant billing software, published the results of its research paper "Addressing The Talent Shortage: How Modern Commercial Real Estate technology will Improve Employee Recruiting, Retention and Everyday Operations." The paper focuses on current research and hiring trends for building and facility management jobs, provides input on the situation from industry experts, and discusses the role that technology can play in attracting new talent.

MACH found that while facility and building management leaders are concerned by the lack of new employees in the industry, many new initiatives have been established to raise career awareness.

Moreover, modern technology in buildings may serve to attract staff that are more digitally-savvy and connected: "Many job seekers use smartphones in their daily lives and expect that same level of technology in their jobs." Brian Cappelli, BOMA International Chair and VP of Real Estate Asset Management at GBX Group.

The research paper is a comprehensive analysis of the demographic trends in facility and building management, with details on the history, benefits, and future of CRE technology. Key takeaways include:

Average age in facility management is 51 years old; one trade association has more members over the age of 70 than under 30
Employment in specific building management roles has outpaced the broader economy
There is a growing need for building management jobs – the Bureau of Labor Statistics estimates a 10 percent increase in real estate and property managers through 2026
Technology is unlikely to eliminate facility management jobs, indeed by helping with tasks it will highlight the need for social skills
Modern building technology will attract talent

The paper includes in-depth research and interviews with key industry leaders from BOMA, Able Engineering, Brookfield Properties, Equity Office among others. This broad constituency provided input on topics including: changes in hiring for building and facility management roles and how modern building technology is changing the building management role. The full report can be viewed here: https://www.machenergy.com/2018-white-paper.

"As the industry grapples with change, MACH and other commercial real estate technology (CRETech) companies are here to help," said Jon Moeller, CEO of MACH Energy. "We look forward to continuing our long-term commitment to commercial real estate and facility management by modernizing building and facility management jobs so staff can focus on tenant and stakeholder interaction. From our research, it is clear that the human and relationship element of building management is a key ongoing requirement."

About MACH Energy
Modern and mobile, MACH energy management software (EMS) and tenant billing software enables commercial building energy and demand management. MACH Energy counts thousands of commercial, hotel, and corporate customers and campuses as users, encompassing hundreds of millions of square feet. More at www.machenergy.com and www.machenergy.com/tenant-billing.

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SOURCE MACH Energy