July 31, 2012 -- This week on "Off the Shelf" Chris Hood, managing director of Workplace Innovation at CB Richard Ellis, discusses the alternate strategies for increasing the efficiency and effectiveness of the workplace.

Increasingly, commercial organizations and government are looking to reduce costs through reductions in their real estate footprint.

Workplace innovation not only can reduce costs, if done right it can increase employee collaboration, satisfaction and retention.

On today's show, Hood examines the keys to successfully re-engineering the workplace and what it can mean for organization performance improvements and cost savings.