Landmark, a leading provider of flexible workspaces, has unveiled the findings from its inaugural Business Style Barometer. The research offers valuable insights into contemporary office culture and the dynamics of workplace communication.
The research highlights the nuanced role acronyms play in office environments. While they can foster camaraderie among colleagues, they can also be a source of confusion and potential exclusion. A significant 53% of respondents admitted that the use of acronyms can be perplexing. This has led to concerns about inclusivity in communication, with 12% of respondents believing that acronyms can cause workplace exclusion. Furthermore, 24% stated that the use of acronyms adds time to workplace communications. Interestingly, this sentiment was more pronounced in London, where 41% agreed that linguistic shortcuts lengthen task durations.
Nevertheless, there are those who see the positive side of using shorthand. Nationally, 10% of respondents felt that acronyms foster team spirit, a figure that rises to 18% among London-based respondents.
In terms of recognisability, ‘W/C’ and ‘B2B’ were the most identified acronyms, recognised by 38% and 37% of respondents respectively. Conversely, ‘WIFIM’ and ‘NRN’ were the least familiar, with only 3% of participants
Top 10 most recognised acronyms |
|
Acronym |
% of respondents to recognise the acronym |
W/C |
38% |
B2B |
37% |
KPI |
32% |
W/E |
29% |
TOIL |
26% |
DND |
20% |
COB |
20% |
WIP |
20% |
BAU |
19% |
EOW |
18% |
Generational Differences in Acronym Recognition
The research also shed light on the varying familiarity with acronyms across different age groups. For instance, 25% of 18-24-year-olds were unfamiliar with any of the presented acronyms. This was closely mirrored by the 55-64 age bracket, where 24% reported the same. Interestingly, only 15% of 35-44-year-olds were unfamiliar with the acronyms, suggesting that older millennials may be the most ‘acronym-savvy’ demographic. In contrast, 41% of those aged 65 and over admitted to not recognising any of the presented acronyms.
A closer examination revealed discrepancies in what respondents believed certain acronyms represented, underscoring the potential for confusion. For instance, while some associated ‘COB’ with ‘caution on board’, others believed it stood for ‘close of business’ or ‘cost of business’.
Commenting on the findings, Sam Mardon, Chief Customer Officer at Landmark, emphasised the need for clarity in communication. He noted the potential for acronyms to both streamline conversations and cause confusion, depending on individual familiarity with the terms. Mardon advised office workers to minimise ambiguity to ensure effective communication.
The Value of Office Interactions
Delving into the motivations that draw employees to the office, the research found that 45% of respondents viewed social interactions with colleagues as the primary benefit of office attendance. This was followed by collaborative work projects (43%) and face-to-face meetings (36%).
The study also touched upon the importance of personal workstations, with 51% of respondents prioritising this aspect for a conducive working environment. This preference varied with age, with 61% of those aged 55-64 valuing a personal workspace, compared to 37% of 18-24-year-olds. Younger respondents, on the other hand, placed higher importance on lifestyle amenities, such as games rooms and drink selections.
Top 10 least recognised acronyms |
|
Acronym |
% of respondents to recognise the acronym |
G2G |
10% |
SOW |
8% |
BID |
7% |
MTD |
7% |
IAM |
5% |
EOT |
5% |
LET |
4% |
SMB |
4% |
NRN |
3% |
WIIFM |
3% |
The research further touched upon the evolving nature of the traditional working day, suggesting a continued shift from the standard 9am-5:30pm routine.
In conclusion, Landmark’s Business Style Barometer provides a comprehensive look into the current state of office culture, revealing the complexities of workplace communication and the evolving preferences of office-goers.
Translations
W/C |
Week commencing |
B2B |
Back to back |
KPI |
Key performance indicator |
W/E |
Weekend |
TOIL |
Time off in Lieu |
DND |
Do not disturb |
COB |
Close of Business |
WIP |
Work in progress |
BAU |
Business as usual |
EOW |
End of week |
PO |
Purchase order |
EOM |
End of month |
EBITDA |
Earnings Before Interest, Taxes, Depreciation and Amortisation |
EBIT |
Earnings before interest and taxes |
TL;DR |
Too long; Didn’t read |
OTP |
One time payment |
G2G |
Good to go |
SOW |
Statement of work |
BID |
Twice a day |
MTD |
Month to date |
IAM |
In a minute |
EOT |
End of topic |
LET |
Leaving early today |
SMB |
small and medium-sized business |
NRN |
No reply needed |
WIIFM |
What’s in it for me |