Major office space provider IWG has started adopting the franchisor model, pioneered by fast-food company McDonald’s, in its effort to edge further away from WeWork.
What can agile working do for your office?
Agile working is changing how we think of traditional workspaces, as younger generations take on a more prominent role in the workforce.
Agile working allows for a more fluid environment and opens up the possibility of remote working. It fosters creativity, boosts morale, and improves productivity while utilizing technology in order to have effective, fulfilling workdays.
The technology industry are big proponents of agile working, but other industries have started benefiting from the model. Copywriters, architects, designers, or any other work that can be done remotely and independently can benefit from agile working.
Flexibility within a workplace is essential for attracting talent to a company. A study by Ernst & Young found that a flexible workplace was a top priority for millennials looking for work. Agile working is no longer a want, but is expected.
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Such workplaces tend to have higher retention rates and bring in a more diverse workforce since it allows workers more freedom and a flexible work schedule. Parents, job-sharers, students and more will have the opportunity to collaborate together.
Employees in an agile workspace will be able to engage with one another and adopt a wider set of skills, regardless of their job title.
In order to implement agile working the right way, you must set a clear set of objectives and goals for each team. Allowing Wi-Fi to be accessed from any point in the space is also vital. Design wise, it is key to get rid of the traditional cubicle structure and move to hot-desking, which allows employees to use any available space rather than having a dedicated area.
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America’s malls are becoming more and more vacant, but coworking companies are taking advantage of these empty spaces to expand their services in a nonconventional way.
Flexible workspace provider Knotel has once again expanded its presence in central London, signing three new deals across the city totaling 40,000 square feet.
Office Evolution, the nation’s biggest coworking franchisor, will expand its footprint in Mount Pleasant as it continues to cater to small business owners in the area.
Although coworking spaces are often categorized as servicing major cities, tier II cities are having their moment as many startups continue to flood into these areas.
Amy Nelson, CEO of The Riveter, has made it her business to promote inclusivity of women in professional settings while also providing men tools to value gender equality.
A survey of 1,000 WeWork members found that, while some use the space out of convenience, others find the culture to have an effect on their professional identities.
While WeWork is expected to file for an IPO this year, its valuation and recently announced losses have left investors worried about the sustainability of the company.
IWG has started rolling out a franchise model, similar to that of McDonald’s, enlisting franchisees to take the reins in subleasing Regus and Spaces offices to companies.
Chicago-based Novel Coworking has purchased Denver’s 195,753 square foot, 17-story boutique office property Trinity Place in Uptown that is currently 65% leased.