Co-working spaces: The key to contemporary work models

A major reshuffling has taken place in the concept of ‘work’ due to the pandemic. The modern Workspace is more than just a physical space and the workforce is more than a group of people who work together at the same time and place. Among the defining features of this evolving workplace is the absence of a universal standard or an operating and functional framework. Flexible work models have become key to a functioning organisation. 83% of employees say they choose flexible work models instead of returning to the traditional in-office model and an increasing number of companies are thriving with these models. (1)

Let’s take a look into why employees expect flexible work models, and how organizations can redefine work culture and upgrade our workspaces accordingly-

Why a flexible work model?

The impact of Covid-19 demonstrated that teams could be productive in any situation. In an environment where team dynamics changed and businesses transitioned fully or partially to a remote workforce, many companies reinvented workflows, strategies, and processes. The way employees work has changed, allowing companies and employees to explore new opportunities in terms of ways of working and growth. Employees have a greater level of freedom in terms of where they work and can spend more time with friends and family, which helps with their mental and social health. Businesses can gain access to a wider pool of candidates and attract talent by incorporating remote work and streamlining workflows.

Redefining work culture

Everyone’s experiences with the pandemic have been different and bring a variety of perspectives in terms of work models and creative problem-solving.  We must therefore create our unique roadmaps for every organization and every individual. What we call the ‘hybrid work paradox’ captures best, the diversity of experiences and perspectives. Almost 53% of employees are interested in flexible, remote work options, according to Microsoft’s Work Trend Index survey. (2) The majority of the workforce wants to work from anywhere and have a physical connection simultaneously. Organizations and individual work contracts must be revised and refreshed as a result of this.

Businesses that offer their employees the flexibility to work where they want, and give them the tools they need to contribute equally, show positive growth. The implementation of a hybrid work model will require an enhanced operating system that spans people, places, and processes. For these revised work models to be functional, technical innovations are essential since they enable everyone to be more flexible, inclusive, and well-adjusted.

Upgrading co-working spaces

The flexible work model is increasingly viewed as a benefit by firms of all sizes as companies gradually shift back to office work and rethink workspace requirements for an evolving workforce. As more and more companies shift to new modes of working and hybrid models, flexible workplaces continue to witness a boom in demand given their flexibility, affordability, and customization capabilities as well as their advantages in terms of an active community, collaboration, and networking. With co-working spaces upgrading to modern technology, they will be able to provide maximum hygiene and convenient sanitizing facilities. Co-working spaces are traditionally popular with start-ups and entrepreneurs but now are also viewed as the most economical option by corporations.

Due to the uncertainty surrounding the pandemic, larger organizations are also considering opting for co-working spaces. The demand for flex plans, and micro access passes, which can be used at locations of one’s choice over some time, is expected to rise in the future.

At Buzzworks, we offer a variety of co-working and managed office space options to fit every business need, whether you’re an enterprise, start-up, or freelancer. We offer several different plans that can be customized to the specific needs of your team and workspaces designed to help you work more creatively and innovate more effectively.

Visit our site for more information.

Citations:

  1. https://smartway2.com/blog/how-these-5-companies-are-approaching-flexible-work-in-2022/
  2. https://www.microsoft.com/en-us/worklab/work-trend-index/great-expectations-making-hybrid-work-work

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