The office workspace has changed drastically over the last 10 years, and a growing number of professionals across industries are moving towards flexible workspaces. According to Harvard Business Review, flexible working options are now one of the elements of a fulfilling career.
But, as you would expect, an ongoing debate is raging in many organizations on the benefits of a traditional in-house tech department versus a remote team working in a flexible workspace. While there may be issues to fix before adopting flexible workspaces, flexible working can be a huge positive for both employers and employees.
Why Tech Professionals are Seeking Flexible Workspaces
Although flexible working has become extremely popular across the board, it appears to be the focal employment demand for tech professionals. Most tech companies, especially startups, have incorporated flexible work in their corporate culture.
Here is why your tech company needs to adopt flexible working:
1. It's the Trend
As monster.com reports, more tech companies are embracing flexibility and reaping great benefits. Your tech company could join this bandwagon, and let your tech employees work from private offices or virtual workspaces.
These statistics should ring a bell somewhere:
- 60% of tech professionals would rather work from a virtual office than obtain a 5% salary increase. If you're considering increasing their pay, you had better think about it again because it may have the desired impact on your workforce.
- 50% of the tech professionals surveyed would forego a 10% pay raise in favor of a flexible workspace. With such high demand for private workspaces, you need to consider adopting flexible working.
2. To Attract the Right Workforce
The statistics by monster.com point to an emerging picture in the tech industry. Prospective quality staff may not really be looking for high salaries but rather your working culture. This means that you may lose out on highly experienced and productive employees if you don't embrace flexibility.
3. It Fits Into Your Lifestyle
Another reason tech professionals choose flexibility over higher pay is that it fits into their daily routine. You may have certain pressing tasks that can’t wait until after work, such as seeing your physician, attending yoga sessions, and attending to family needs. These require a flexible working option to allow you to attend to them in between your flexible working schedules.
4. More Cost-Effective
There's no doubt that letting your tech employees use private meeting rooms instead of your onsite office spaces can go a long way to cut your overhead. This is because you won't need to rent more office space and furnish it with the necessary facilities, which can be quite costly in the short run. You would also cut down on employee commuting, which may run into thousands of dollars each month.
Five Elements of a Good Flexible Workspace
A good flexible workspace should meet certain minimum expectations to warrant the shift from traditional onsite offices. Here are the four main elements you should look for in a good remote workplace:
- Prestigious address: A prestigious location, such as Quest Workspaces' address at 48 Wall Street or 1395 Brickell Avenue, would be perfect locations for a private office. Quest Workspaces will be in these financial districts for the next 10 years.
- Multi-functional setting: You need a flexible workspace that can accommodate various activities, such as private meeting rooms and virtual offices. This would help you shift from one task to another seamlessly.
- Versatile furniture: It makes for a multi-functional setting. Furniture should be such that you can move it around depending on your need.
- Technology: A good flexible workspace should provide access to important tech facilities, such as IT infrastructure.
- Private spaces: You are also looking for the privacy that you don’t always get in a traditional onsite office. Even when it comes to shared workspaces, you should be able to find privacy whenever the need arises.
At Quest Workspaces, we make it our business to transition you smoothly from your traditional office to a well-furnished and convenient private workspace in a location near you.
We recently signed a new 10-year deal that would see renew our tenancy at the prestigious 48 Wall Street. You could take advantage of this deal to book your private office space at this famous address at a fair cost.
If you need to know more about booking this special location, please contact us today.
