Rapid technological advancement is changing when, where and how we work—whether a company is ready for it or not. Nothing stands still in the Fourth Industrial Revolution, so how we work must be dynamic and flexible to keep up with the speed of technological change and new generational expectations. No wonder flexible space—including short-term leased spaces and in-house community areas—has grown by 23 percent annually since 2010, with no signs of slowing. The trend has fundamentally changed the office market and the concept of “workplace.”
Flexible strategies ensure that a company can achieve agility overdrive: nimble in its approach to technology, enterprise strategy, talent and real estate. The rapid growth of flexible space options means that companies now have a robust menu to choose from—everything from onsite community spaces and incubators to home offices or coworking spaces—to empower employees to be most productive.
Giving employees greater control over how and where they work builds flexibility into an office’s and company’s DNA. And, employees are clamoring for this kind of flexibility. More than half of employees, 51 percent, want their companies to offer more flexible work options, according to Mercer’s Global Talent Trends study.
But flex space looks different in every location, for every office culture. So, despite the wealth of options, many companies struggle to find the right flexible space for their needs. Enter the custom-fit flex space. It’s possible to bring the best of coworking to your portfolio while creating a tailored workplace—without the long-term commitment of a traditional office.
Flex space unchains employees from their desks, so they can work where and when it makes sense. Tailored amenities and concierge services help shape a meaningful and unique employee experience, regardless of where they work. Flex makes it possible to bring the office to the talent, rather than the other way around. Short-term leases and coworking options make it possible to open offices quickly where talent prefers to work.
But winning the war for talent is about more than amenities, encompassing location, technology and emotional connection. Companies need to deliver amazing, engaging and agile workplaces that keep pace with changing employee preferences. Winning the war for talent means moving rapidly, considering all marketplace options, and being armed with the right data to inform decisions.