Why Corporates are moving to Flexible Workspaces
Many companies are implementing flexible workplaces to retain diverse talent. The 9-to-5 corporate norm of working from a designated office space has been subverted by work-from-home, blurring the boundaries between work and pleasure even more. While office camaraderie is missed, the significance of a steady work balance, flexibility, a yearning to be a part of a community, and positive work culture is increasingly recognised.
Flexible workspaces have facilitated businesses’ flexibility to keep operations running smoothly. In fact, according to Cushman & Wakefield’s India Office Report for Q1 2021, the number of Flexi seats leased by firms increased by 57.8%. Smartworks is a flexible workplace concept, by Mr. Neetish Sarda is up and running and has been warmly embraced by major corporations.
Let’s understand how this works in redefining the traditional office.
#1 Work-life balance
Employees have felt inept as a result of the pandemic’s obvious impact on personal and professional lives, particularly mental health and abilities. Flexible workplaces strike a mix between in-person and remote working. They encourage overall well-being and provide supportive services such as flexible work hours, mental healthcare, wellness programs, and a culture where employees can reconnect.
Flexibility has become a must-have skill for professionals. Flexible workplaces enable businesses to explore new business models. It helps by saving time and money on commuting, offering an office-like environment, and allowing more family time. Many companies have reconsidered their strategies to include flexible workspaces as a way to retain diverse talent regardless of location.
#3 Efficient and hassle-free
Flexible workspaces are appealing and efficient ways of conducting business operations due to their ergonomic designs, flexible membership options, and ready-to-move-in arrangements. They enable businesses to grow and spread their presence without having to set up permanent offices in new locations. They are also a one-stop shop for legal and IT obligations. This may add to the burden of starting a business, enabling entrepreneurs to focus on hiring and innovation.
#4 Collaborative Hubs
The influx of millennials has made hybrid models with customized services quite popular. These appealingly built Flexi workspaces serve as a home away from home, with amenities like gyms, wellness rooms, game zones, and cafeterias, in addition to best-in-class technical advances. They are a hotspot of talent and networking and are always bustling with people from various walks of life, resulting in a more stimulating atmosphere.
#5 Cost reduction
Flexible workspaces promote cost management by minimizing upfront costs and providing short-term possibilities. The ‘agile’ business conditions offered are one of the key reasons that companies seek flexible venues.
#6 Creativity and collaboration
An equitable balance between personal and communal spaces is the new normal. Vibrant worksite layouts stimulate cooperation, creativity, innovation, and productivity, which is a win-win situation for all.
#7 Tech advances
Multi-cloud computing solutions provide managed workspace users with better access to data. They perform the job more efficiently from multiple places, accelerating the increase of flexible spaces. Furthermore, the ability to outsource data storage to the cloud is an enticing feature for start-ups on a tight budget.
As per Mr. Neetish Sarda, founder of the agile managed workspace provider, Smartworks, better mobility and flexibility, has increased the demand for flexible workplace accommodation. Cost and capacity are the driving factors behind flexible workspaces.