The world came to a standstill in March 2020 when the pandemic hit us. The lockdowns that followed the pandemic saw organisations shutting their doors, and it pushed a massive aspect of the international as properly as the Indian workforce to work from home. Many Fortune 500 corporations and Corporates began releasing their leased workplace spaces due to the higher rental and upkeep charges.
The ‘Work from Anywhere’ model devoid of a doubt came to the rescue for organisations and their workers with numerous added added benefits. The organisations had been capable to decrease their genuine estate and overhead charges. Also, they had been now capable to expand to numerous areas providing them much better attain with numerous but smaller sized versatile workplace spaces. They had been also capable to employ talent across the globe devoid of any geographical hindrances. The workers in return got the flexibility of working from a place of their selection, enjoyed lowered travel time and lesser travel charges with a much better work-life balance.
Let’s take a sneak-peek as to why organisations have began shifting to smaller sized and distributed workplace spaces, resulting in a win-win predicament for themselves and their workers:
Benefits of Distributed Office Spaces:
1. Minimal Capex: Buying/Leasing workplace space and their upfront charges of procurement can be a big expenditure that hits the bottom lines. Switching to a versatile workplace space even in numerous cities can be considerably more price-successful for any organisation.
2. Flexible Lease Terms: Having a leased space could get an organisation into a repair due to the extended and stringent lease terms. Shifting to a smaller sized serviced workplace could be the greatest answer due to the shorter and versatile lease terms that they provide.
3. Flexibility: This pandemic has taught us all that nothing at all is permanent. Any organisation would either develop swiftly or just require to slow down a bit in some cases. Serviced Office spaces provide the flexibility to scale up/down as per their requirement.
4. Business Support Services: May it be Legal and statutory compliances, Tax filing, Travel arrangements or Concierge Services, they all can be a massive discomfort for organisations to deal with. Serviced Office spaces have professionals on board who assistance you resolve all desires whilst you stay focused on your core small business.
5. Ready to move-in: In today’s era exactly where every thing is quickly, shopping for/leasing an workplace and then finding the setup carried out could take forever. With Serviced Office Spaces the organisations get plug-n-play workplace spaces wherein they can start off working from day one devoid of any delay.
6. Recurring Costs: Recurring charges could take a massive bite from the organization earnings. Right from the upkeep of the typical places to finding the backup generators up and operating. From Insurance to AMCs of all gear, Serviced Office Spaces take care of all.
7. Reduced Carbon Footprint: By getting distributed and smaller sized offices at distinct areas, the organisations save massive on power spending and other associated expenditures. Followed by lowered commute implies fewer cars on roads and lesser power getting consumed, which inadvertently contribute towards creating our atmosphere cleaner and free of charge from Carbon Footprint which is certainly a sore require of the hour.
8. Shared Common Areas: In a massive and single workplace setup you land up sustaining the places that are seldom employed or are below-utilised, the greatest instance getting typical places. In a serviced workplace setup, nonetheless, you can delight in the whole space along with the other tenants devoid of the hassles of paying for the upkeep of the exact same.
Benefits for Employees:
1. Cost Saving: The greatest relief for workers working from serviced workplace spaces closer to their home is not getting to undertake extended and tedious commutes. All that time and revenue saved as an outcome can basically be utilised for individual/family use.
2. Work Environment: The ideal work ambience boosts productivity whilst the incorrect one can be harshly detrimental to it. With Serviced Office spaces one gets ergonomically developed and lush green spaces which increase each productivity and morale.
3. Ready to move-in: The workers just require to plug in their workstations to the net-prepared workplace and start off working devoid of any hassles, sooner or later saving on all the time and power that goes into setting up their workstations in a leased workplace space.
4. Lesser Work Load: The admin managers require not be concerned about browsing for vendors and negotiating with them to employ the relevant services, because each and every service has been cautiously curated and offered by the service provider finish maintaining in thoughts all the desires.
In a nutshell, the adoption of versatile workplace spaces/serviced workplace spaces even at distributed areas could be the greatest and the most price-successful choice from the point of view of each the organisation and workers.
(By Vineet Taing, President, Vatika Business Centre)