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Here’s what you need to know today:
- WeWork And San Francisco Team Up To Drive Hybrid Model
- American Workers Are Ready For A Career Shift
- The Wing’s New Chairwoman Highlights New Efforts
- Expansive Expands Its Chicago Footprint
- Working From Home Has Altered Habits And Routine
- PepsiCo Details “Work That Works” Plan
WeWork And San Francisco Team Up To Drive Hybrid Model
WeWork is partnering with the city of San Francisco in order to encourage businesses to adopt a hybrid model to help boost post-pandemic recovery.
The partnership aims to provide resources that will help businesses return to work. For instance, members of San Francisco’s Chamber of Commerce will receive one month off of dedicated space when making a six-month commitment, or two months off when agreeing to a 12-month commitment.
Additionally, members will be provided with a discounted WeWork All Access membership for up to three months.
“San Francisco’s workforce brings vibrancy to our streets, foot traffic to our merchant corridors, and support of local small businesses,” said Rodney Fong, president and CEO of the San Francisco Chamber of Commerce.
Over the past year, WeWork has announced similar partnerships with cities such as Miami, New York and Washington, D.C.
“A hybrid approach has proven instrumental in facilitating a return to the office for many companies, especially small businesses, to foster economic recovery,” said Sandeep Mathrani, CEO at WeWork.
American Workers Are Ready For A Career Shift
Financial services firm Prudential recently conducted a survey that revealed how U.S. workers view their careers post-pandemic, and the lessons they have taken with them over the past year.
The Pulse of the American Workers survey revealed that 25% of respondents are planning to look for a new job post-pandemic, citing “compensation, work-life balance and lack of growth opportunities” as top reasons.
The shock and lingering trauma of the pandemic has altered the way people think of their jobs. Instead of suffering through dead-end positions, many now want to take matters into their own hands.
This is why many in the survey have indicated they would like to change their job or completely revamp their career path to be something they are actually passionate about.
Nearly 50% of respondents agreed that the pandemic made them reevaluate the type of job and career they want moving forward, with 53% stating they would change industries if they had retraining opportunities.
Additionally, 42% of workers have job security concerns due to the pace of change within their field. This number was most prevalent among Millennial and Gen Z workers.
The Wing’s New Chairwoman Highlights New Efforts
Sheila Lirio Marcelo, founder of Care.com, is the new executive chairwoman of The Wing and joins the company after it experienced a turbulent year last year.
Marcelo said the company has plans to expand its footprint nationally and globally as parts of the world begin to reopen, offering women extra support after facing the brunt of job loss in 2020.
“I want to pay it forward where I can create impact not only in coaching founders, but also, given how many women will come to The Wing, to actually create their businesses means that we can create [a] bigger impact on people’s lives — and they, in turn, serve other people,” said Marcelo.
As far as the future of the coworking operator goes, Marcelo believes that reignited excitement for coworking will help the firm in the future. She cited a membership survey that found 86% of respondents were excited about the company reopening its doors.
She added that the increased demand for hybrid work models has piqued the interest of more potential users, and that the company could expand its services to both metropolitan and suburban areas.
Last year, allegations of racism and discrimination against the company and its staff were brought to light, leading founder Audrey Gelman to step down as CEO.
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Marcelo said the company and current CEO Lauren Kassan are attempting to address these issues by putting together a more current cultural code, which will include improving training methods and focusing on the needs of employees and members.
Expansive Expands Its Chicago Footprint
Flexible workspace operator Expansive is growing its footprint in Chicago with its first management assignment on 100 South State Street.
The company entered a partnership with the building’s owner in May to update the space with new IT infrastructure, floor plans and improved amenity packages.
This is Expansive’s sixth location in Chicago, and this new location brings the company’s total footprint in the city to around 350,000 square feet.
“As our competitors have closed doors and stopped paying landlords during the pandemic, we’ve been able to demonstrate that Expansive is the most stable player in the flexible office industry by enhancing our nationwide network with locations like 100 South State,” said Bill Bennett, founder of Expansive. “The last year gave us new appreciation for low profile, low density buildings like this. Its outstanding location and high-end finish make it a great addition for our clients both in Chicago and across the country.”
Working From Home Has Altered Habits And Routine
New research from Furniture At Work shows that 20% of UK workers have their workplace’s instant messaging app on their personal phone.
The survey of 1,015 UK employees explored how workers view their routine and habits working from home to understand how their sentiment has been altered by the pandemic.
According to the survey, 51% of respondents said they started replying to messages faster to remind colleagues they are working, while 49% added they send emails early in the morning or late at night.
Paranoia involving having apps like Microsoft Teams on personal devices has also slightly emerged. For example, the research showed that 29% of people check their status on Teams to make sure it never goes on ‘away’ mode.
This change in attitude has shifted the habits of workers working from home. For instance, 22% of respondents said they typically spend 10 am to 11 am every day to take a break from work.
PepsiCo Details “Work That Works” Plan
PepsiCo has introduced a new plan to reinvent the purpose of the office and provide employees with more flexibility.
The drink giant’s new “Work that Works” plan means the company will no longer have a primary location where work gets done, and corporate employees will decide with their managers when they will work in the office and when they can work remotely.
“There are no limitations. There is no number of days you need to be in the office or a number of days you can be remote,” said Sergio Ezama, chief talent officer and chief human resources officer at PepsiCo.
Prior to the pandemic, Ezama said that workers would request to work remotely up to two days dependent on manager approval.
Moving forward, employees stated they wanted more choice in their workplace arrangements, which has shaped the policies of the “Work that Works” program.
The policy revolves around the ideas that there is no default work environment, it is up to managers to decide what the best place for work will be, and that the time spent in the office will be focused on creativity and collaboration.
This means that the physical office will look much different, too. Instead of closed offices and assigned seating arrangements, the workspace will feature more collaborative space and open areas.Share this article