Sanjeev Thakur
Flexible office space is a form of workspace intended to give employees a range of locations and working options. Workers have more freedom to choose the section of the workplace that best serves the type of work they need to do at the time, as opposed to typical offices with fixed and assigned desk locations. They can also work from home or a different workstation if they want. Teams will have the ability to work how, when, and where they want thanks to flexible working arrangements.
The Covid-19 outbreak made the idea of workplace flexibility ‘The order of the day. Going forward, the demand for a flexible workspace system continued to increase tremendously. Most importantly, only a few workspace aggregators, like Stylework, have all the necessary tools and technological capabilities to make it possible; it yields all the benefits mentioned below. Taking a closer look, let’s understand how –
Reasons for the Shift toward a Flexible Working Space
1. Cost Savings
2. Facilitates Effective Employee Interaction
3. Flexible Rental System
4. Enhances Employee Productivity and Comfort
5. Successful Employee Recruitment
6. Community Interaction
7. Sustainable Work Environment
8. Avoids Busy Commutes
9. Reduces Stress or Burnout
10. Helps Ensure Business Continuity
1. Cost Savings
As utilities and other common expenses are typically included in the rental price, using the shared office concept benefits in lowering fixed costs. Since you are aware of the expenditures involved in advance, managing your budget is made simpler. This kind of rental is renowned for being more reasonably priced than conventional ones.
Moreover, technologically advanced flexible workspace aggregators offer you additional seating options, allowing you to easily expand or decrease your seating requirements in the event of an increased workforce. They give you access to workplaces that are furnished with the infrastructure and tools you need, saving businesses money as a result.
2. Facilitates Effective Employee Interaction
There’s still a need for physical workspaces: from onboarding new members of staff to collaboration, some things usually just work better in an office. Some people also believe that full-time remote work is not sustainable. In this situation, we at Stylework provide flexible, customised, and managed workspaces with advanced facilities for employees so that employees don’t work for long hours in a confined space, such as a cubicle.
Employee engagement is higher when there is flexibility in the work environment. Employee engagement and interaction come from their gratitude for having the creative freedom to be able to work in flexible workspaces.
3. Flexible Rental System
Since shared workspace rentals are typically fairly flexible, there is no need for a long-term commitment. The idea is for you to utilize these areas as per your requirements. The way that work is structured is evolving rapidly. This will continue as today’s workers seek more and more interaction. One way to cater to these interactions for your workers is through flexible workspaces.
With full legal checks and no lock-in commitments for years or months, flexibility in terms of time and type of space is offered, allowing you to make adjustments as soon as you move in.
4. Enhances Employee Productivity and Comfort
According to research, allowing your workers to work from home or in a flexible environment can enhance job satisfaction. And as we all know, contented workers are much more likely to maintain their employment over the long term. You’ll be amazed by the results if you give your workers some latitude and flexibility.
If they locate appropriate workstations that are adaptable to their needs, remote employees may be able to work longer hours without being able to unplug and detach. The paradox is that you learn to love your job and work even harder as soon as you have freedom. When given the option to work remotely or in a flexible workspace, employees frequently repay this “Favour” with increased engagement and productivity.
5. Successful Employee Recruitment
Work environments that are flexible are expected by professionals like designers, developers, marketers, translators, and recruiters. You will turn away a sizable chunk of the talent pool and have less success hiring if you don’t offer flexibility in your job posting. Offering flexible workspaces is now essential if you want to avoid hiring problems for positions that can be done remotely. Offering flexible work hours or office space can also be a strong motivator to boost employee engagement. Flexible workspaces will help your business minimize costs and improve recruiting.
6. Community Interaction
Access to global talent is arguably the most important benefit of having a remote workforce that is not location-dependent. Flexible remote workspaces are therefore essential in the modern environment, and workspace aggregators make it possible. Stylework envisions expanding its services internationally so that firms may hire qualified individuals, even if they are located halfway around the world, by tapping into the world’s talent pool. Thanks to its technological capabilities.
A diversified community is a built-in benefit of flexible workplaces, providing chances for companies to uphold company culture, employee integration, and experience, all of which are key factors in productivity, motivation, and connection-making. The majority of organisations, including individuals, discover that shared spaces strengthen their relationships, broaden their operations, generate income, and boost the nation’s economy, particularly when it comes to the idea of coworking spaces.
7. Sustainable Work Environment
It has been proven that there are additional and adaptable workplace alternatives for establishing a productive work environment by the move to remote working during the pandemic. The long-term viability of this kind of operating plan is also under doubt. Employers must consider the work resources, productivity, and mental health of their staff.
On the contrary, a lot of leaders have talked about the value of a physical workstation and how face-to-face connection affects culture, relationships, and innovation. With a growing concern about women in the workforce, the Hon’ble Prime Minister of India recently emphasized a few key points addressing future workforce demands and flexible workspaces. Stylework’s vision of a “shared economy” and “adaptable ecosystems” seeks to address the issues raised by offering a fully customized experience, ensuring that businesses get what they need while promoting “flexibility and freedom.”
8. Avoids Busy Commutes
The commuting times are essentially nonexistent in the case of flexible workspaces with remote setups or multi-locational workstations. Consequently, productivity increases. Employees that work from home or are not tied to a specific location save a lot of money on transportation. More importantly, They are saving time in addition to money. The two hours that employees spend commuting back and forth would be better used elsewhere. Additionally, by taking fewer trips, you’ll lower your carbon footprint.
Flexible coworking spaces can significantly reduce costs for small businesses or startups without the funding to rent an office. Additionally, your business will become greener and more environmentally friendly if you reduce your commute and save on electricity.
The businesses shall be provided access to multi-locational workspaces with advanced amenities and infrastructure to support work-from-home ecosystems and locations designed with a focus on comfort for the commute.
9. Reduces Stress or Burnout
Overworking-related burnout can be avoided with flexible workplaces. Flexibility is important for all workers, but it’s crucial for groups like students or young parents. Flexible work environments or the option to conduct business from home can be priceless. And we acknowledge this issue and address it by including amenities like breakout zones, robust internet, in-house events, office lounges, recreational areas, and silent rooms for a quick retreat.
10. Helps Ensure Business Continuity
Plans for business continuity are essential for weathering a crisis, especially from the viewpoint of the workplace, and to boost productivity. Physical workspaces are becoming even more crucial for the continuity of company activities during disruptive occurrences, as demonstrated by the COVID-19 pandemic. A flexible workspace’s purpose goes beyond encouraging collaboration and productivity to also assist its users in maximizing corporate efficiency by providing adaptable services, resources, and plans that can help organizations be well-equipped and ready for potential crises. Companies may secure business continuity with the aid of workstation aggregators because, in times of crisis, businesses can turn to remote settings, and flexible digitised workplaces, ensuring the continuity of work.
The points outlined above are just some of the reasons why MNCs and corporations are moving toward flexible workspaces. Flexible work arrangements have numerous advantages for both employees and employers. Job profiles and flexible work arrangements have transitioned from being an option to the standard. Workspaces aggregators like Stylework provide flexibility in the workplace, flexible office spaces with increased amenities, remote working options, and digitised workspaces because they recognise the value of flexible workspaces.
These adaptable workstations will lower your overhead costs and give you a recruiting advantage. Additionally, they improve your work-life balance and increase your level of job satisfaction. Companies will continue to consider different workspaces in this new normal. Stylework assists in providing hybrid flexible workspace options as distancing shapes the modern working environment.