Temporary Living for the Finance Sector
Temporary Living For Your Employees
In a global economy of over $100 trillion (US), the financial services sector accounts for 24% of the world’s total GDP, with nearly 20 million employees. Thousands of these professionals travel for business or accept short or long-term work assignments and permanent relocations on behalf of their employers every year. The industry needs are varied, demanding, and fast-moving. What does it take to become a preferred and trusted provider of temporary living services and solutions for this crucial business sector?
Dwellworks Living is fortunate to manage temporary living services for 80% of the top 10 US headquartered banks both through direct contracts and relocation management companies’ administration, supporting corporate housing needs in the US and around the world. Here’s a look at how we do it.
We meet with our top banking and financial services clients annually to review expected volumes and market needs, and quarterly to review performance and direction. In this white paper, we share success stories that are grounded in anticipating and exceeding each of the following expectations and present multiple use cases describing our approach to temporary living for the evolving demands of financial services clients:
- Assured Availability
- Sector Knowledge
- Corporate Housing vs. Hotels
- Combined Housing and Service Solutions
- Supporting Corporate Social Responsibility and ESG
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Assured Availability
Even in the face of enormous challenges, individuals and businesses need access to capital and financial services, so the businesses that provide these services must operate 24/7/365 for their customers. This means moving finance sector employees where and when they’re needed, sometimes on short or even emergency notice, and requires reliable and experienced partners to get that done. With a temporary living partner like Dwellworks Living, financial services companies can be assured that their employees will have the housing solutions they need, in any city, so they can focus on the business and customer priorities at hand.
Just look at our global reach for finance industry hot spots.
Sector Knowledge
The financial services industry is competitive and demanding. Our clients expect to work with financially savvy partners who are consummate professionals, equally competent in market analytics, and offer empathetic support for individual travelers and families. Our client contacts in human resources and travel management roles provide essential support to business leaders focused on growth, market expansion, and securing the talent that gives them an edge. Our role is to pay attention to how the sector is evolving, who needs our support, and have solutions for their needs.
To understand how we deliver this level of expertise for every one of our corporate housing service offerings, read our blog.
Corporate Housing vs. Hotels
Hotels are the easy default option in accommodations management. The contracts are global, the pricing is typically negotiated competitively for large-volume clients, and the overall experience is predictable and consistent. It's a "go-to", but it may not always be the right option for specific needs.
For more detailed moves, a managed corporate housing solution is often a better answer.
We customize your corporate housing experience with our purpose-built booking API epic, built with every employee' need in mind. Once we have every one of those details, we send several options via our Top Options selection. The listings with a score closest to 100 are the best fit based on every pre-communicated need.
Explore our Accommodations
Type in any city to search our global portfolio of options. See something you are interested in? Complete the form on the property page to connect with our team.
Combined Housing and Service Solutions
Dwellworks Living knows how to deliver a customer experience that is compliant, comfortable, and flexible across the business needs of the client’s total mobility and business travel population. Case in point: Dwellworks Living is supporting a large global bank’s Early Careers Program in APAC for a second year in a row. The associates are based in Hong Kong and Singapore but travel across the Asia Pacific region for career experience. These high-potential young professionals need well-managed housing solutions and peace of mind to set them up for success.
As the recent graduates are onboarded for orientation, they stay in accommodations preselected, screened, and with pricing negotiated by us on behalf of the corporate client. The accommodations are selected for proximity to the client’s offices and are typically more functional and affordable than a standard business hotel. After the orientation, the new hires travel across APAC to their specialization training destinations and reside in serviced apartments for approximately 60 days.
We perform this level of follow-through with every service we offer. Read our blog from our VP of Global Supply Chain, Debbie Woodley, to learn more.
You can also watch the second webinar in our series "The Essentials of Corporate Housing". We break down all the common questions about corporate housing. Listen to all our answers in our replay of the "Corporate Housing Partner Sourcing, Selection, and Service" webinar in the player below.
Supporting Corporate Social Responsibility and ESG
Most of our financial services clients are publicly held companies that have made commitments to social responsibility and sustainability at a global scale and in measurable ways. As noted by EY in a related report, “Sustainable finance has become an urgent priority across financial services – thanks to the goal of net-zero carbon emissions by 2050. The banking sector scored high for quality on recommendations by the Task Force on Climate-related Financial Disclosures (TCFD).”
Dwellworks Living steps up to client expectations of responsible action and results by being a global mobility leader in sustainable practices. We’re co-chairs of the Sustainability Workgroup of CHPA (the Corporate Housing Providers Association) and advocates for the education and adoption of sustainable practices with our global corporate housing network partners, 97% of whom have implemented changes including better-managed food waste, lowered use of water and electricity on site, sustainable sourcing of furniture and housekeeping supplies, and parking and chargers for alternative energy vehicles. Each year, we also publish an ESG Impact Report to document our strides in sustainability. Download it below.
Industry Recognition
Dwellworks Living has been recognized by multiple clients and organizations for our commitment to service, our employer-of-choice workplace, and our leadership in sustainability.
