From work from the office to work from home, COVID-19 sure has changed the way we do business for eternity. Now the entire concept of leasing out large offices and doing business, as usual, seems questionable. But operating business entirely from home is not the answer. We must come up with a middle ground that supports both work-from-office and work-from-home. And this middle ground is coworking office, flexible office, and hybrid offices. You can solve downsizing problem with coworking and flexible office.
Let’s learn How to solve downsizing problem with coworking & flexible office?
Solve downsizing problem with coworking office
Coworking offices and hot-desking is not a new concept. It has been around for a long time, but due to COVID-19, it has gained significant attention. But why? And how does it solve your office leasing problem?
Now that you’ve operated your business from home for a long time now, you know that your business can have a smooth sail even from home. And leasing out new and large offices doesn’t make sense. But you’ve also realized that some part of your business needs an office space. So, this is where a coworking office space comes to the rescue.
A coworking space does not only help you save a ton of rental money but also provide you with the unique solution of having your team come to the office on a rotational basis. Moreover, you are allowed to lease the office space for a lesser duration. Also, a coworking office offers you all the amenities a traditional office would. From apace internet to printers to pantry space, and the list goes on. So, you can see how exceedingly a coworking space solves your office leasing problem.
You can have your teams in the office when you need them on a rotational basis and still pay less. Doing so helps you have better real estate leasing and save CAPEX.
Solve downsizing problem with flexible office
The main problem with traditional offices is not the services or amenities or location or spaciousness. It is the lease duration that mandates you to lease the office for a minimum of three or five years. And in this pandemic time, when you had to operate from home, paying rent for the unused space didn’t make sense. It only made you question your real estate strategy. But, it doesn’t make the traditional office and traditional lease wrong in any way. It’s just that the pandemic was unexpected, and it made us question our ways of doing business.
So, a flexible office in this pandemic time solves your every problem. How? Unlike the traditional lease, a flexible office flexes as per your requirement. Now that you’re thinking of having your organization work partly from home and partly from office, and you’re unsure for how long you’ll be doing this. Then a flexible office lets you do this effortlessly. You can lease the office for a lesser duration for much less when compared to a traditional office.
If you’re thinking about the amenities and services, then you can assure yourself about it. You have all the amenities and services present in a flexible office. Moreover, you can get it customized per your organization’s needs. The landlord will customize it just the way you want it. Flexible offices are all about customizability and lesser leasing tenure.
Solve downsizing problem with hybrid workspaces model
The hybrid workspace model is the type of model that lets you enjoy the benefits of work-from-home and work-from-office. This pandemic gave us clarity about how some of the work can successfully be executed from home and doesn’t need the employee to commute to the office. So, having part of your team work-from-the-home and another part to work from offices makes complete sense. And if you think this model isn’t working out in the long run, then you can effortlessly swap back to the traditional office.
Along with all of the services, you get to save capital expenditure. Also, you have the unique opportunity to call all of the employees to the office if you think productivity and efficiency are getting hampered.
But do these office types cater to all the organizations?
All of the tech companies can effortlessly adapt to this evolving work culture. But it doesn’t mean that logistics, fintech, or BPOs cannot avail of the benefits of this business model. They sure can, but on a smaller scale when compared to tech companies.
To decide whether or not your organization should adapt to these business ways, then think about what part of your team can effortlessly remotely work and what part of your organization require office space. After that, discuss with other decision-makers in your organization and conclude.
But if your organizational demands are so that everyone must be present in the office, then you don’t need to consider these changes.
Challenges in this business model
Often remote employees will feel left out because you would be interacting the most with the employees present on the shop-floor. To tackle this problem, call your remote employees a few times to the office if it’s possible, else have virtual meetings or one-on-ones with everyone. Doing so will make remote employees feel connected with the office culture and would keep them happy.
Also, ask if the remote employee would want to commute to the office or would love to work remotely because not everyone loves remote working. You don’t want to put any of your employees in a state where they’re not comfortable working in as it could hamper productivity and efficiency.
This type of business model will help you in multiple ways. But this involves sound HR practices in managing remote and office employees, and at the same time keeping everyone happy by creating great office culture both for office and remote employees.
See what money control has to say about it here.
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