As more and more people get vaccinated, there is an uptick in the demand for flexible workspaces and India's workforce is keen to get back to offices. Despite the pandemic, a report by JLL said the flexible workspace market will cross 50 million sq ft by 2023 driven by increased demand from large enterprises.
Remote working was the only viable option of continuing work during the pandemic, and although it took time to get accustomed to, many individuals have come to realise that they prefer working in hybrid work models - which is a mix of physical and remote working. A recent report by Randstad has shown that 49 per cent respondents preferred hybrid working models. Respondents felt that their productivity levels are the highest while adopting hybrid work models, and that hybrid models are the easiest to adapt to as well.
Companies are opening up for full-time business again, and they are coming to realise that their returning workforce is not the same one that left the office building almost 2 years ago. Their concerns, needs, and requirements are very different from what they used to be, and organizations must be more flexible in their policies and offerings to adequately cater to employee needs. Given that the pandemic is here to stay, it is also imperative that companies keep safety measures as a top priority when welcoming employees back to work.
Enterprises too, are understanding the growing need to be more flexible in their choice of workspace, and opting for flexible workspace solutions over standalone owned commercial spaces, which can help them expand their footprint in the country without adding any additional costs. Flexible workspaces also make it easier for people to choose their own workspace and hours, which helps in maintaining a healthy work-life balance as well. To cater to both these needs, WeWork has been supporting its members through the following recent new products:
WeWork, last year, introduced WeWork On Demand, a daily pass where an individual can book (pay) one-day access to the select buildings on a microsite for INR 500. The service can be used by individuals and businesses- both large and small, and enterprises can use it to provide their workforce with further flexibility by allowing them to choose any WeWork location across 6 Indian cities as per their comfort.
This offering helps members get back to work in a manner that suits their needs. It allows businesses and individuals to slip into newer working routines and get back to working the way before the pandemic struck. The offering also helps create a demarcation between the workspace and living space, reduces office commute time, and allows members to spend more time with their family and loved ones, which contributes to increasing productivity & improved work life balance. while also allowing them the comfort of a proper workspace or office.
WeWork Business Solutions
In order to make flexibility available in multiple ways, WeWork has also launched WeWork Business Solutions, which provides a service platform for hassle-free, cost-effective professional and specially curated solutions in one place. Through this offering, WeWork aims to bring the best partners available to its members so they can focus on making their businesses grow. The new initiative allows members to get access to a suite of curated services focusing on accounting and finance, legal and tax advisory, insurance, technology and telecom services that WeWork has to offer for a bespoke experience.
In India, for any company to begin their business, they must first register themselves in the country, and for that to happen, the company needs to have an official company address in India. Since many organizations do not have official offices set up when just entering the Indian market, WeWork saw this as a gap that hinders their ability to begin business in India, and so Virtual Offices came into being.
Recently launched by WeWork, the Virtual offices offering helps businesses and individuals with a professional address at a central business district where its 35 workspaces are located. Members can opt for different packages starting from 6 months and going upto 2 years.
The offering also includes additional benefits like mail handling and storage facilities, ability to use credits to access meeting rooms or to use them as day passes across the entire WeWork network in India, and can also be accessed by any employee of these organizations. Prioritizing health and ease of usage for potential members, WeWork has ensured an end to end digital process for registration including NOC signing and agreement processing which can be done within a couple of minutes.
Greater problems always give rise to greater solutions, and WeWork is rising to the occasion through its offerings, to provide flexible workspace solutions that cater to differing needs of its existing and potential members.
Businesses of all sizes will gravitate further towards flexible workspaces due to the agility, cost-efficiency and flexibility that they offer. WeWork's unique and innovative product offerings help organizations choose the most customized offering that suits their needs.
So what are you waiting for, get back to work with WeWork!
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