A detailed study on the future of Work: Remote, Hybrid, and Enterprise Coworking!

Table of Contents

• Introduction to the Future of Work

• Remote vs. Hybrid vs. Enterprise Coworking

1. Remote Working
2. Hybrid Working
3. Enterprise Coworking

• The Future of Work Environments

• Conclusion

• FAQs

Introduction

With a rise in corporate workforces each day, new working environments are being introduced in the sector. Companies, from big corporates to small start-ups, are all experimenting with these workspaces to adopt the most productive and cost-effective environment for them.

Recently, the hybrid, remote, and enterprise coworking models have emerged as a reliable working environment which has been adopted by a lot of companies. However, the future of the corporate industry is still unpredictable. It is tough to conclude which working environment would prove to be the best for companies and would sustain in the long run.

In this article, we will do a detailed study of these working environments and which can be the best one to consider in the long run.

Remote vs. Hybrid vs. Enterprise Coworking

Corporate companies have been adopting remote, hybrid, and enterprise coworking environments recently. Let us understand the major difference between these working environments in detail.

Remote Working

Remote working has emerged as a common working practice wherein employees perform their jobs from any location other than a centralized office space. These locations can be anywhere all around the globe, provided that you are able to contribute your share of expertise to the organization with ease. 

Remote working environments have gained rapid popularity in recent days. This is because it has proven to be beneficial for employees as well as employers. Since employers save a major chunk of spending on office spaces and other resources, employees also enjoy the flexibility of doing their jobs from the comfort of their homes.

Remote work gained rapid popularity post the COVID-19 pandemic. Since people could not connect physically, virtual meet-ups were the most proficient way of performing jobs. However, there are certain key essentials that must be fulfilled to skillfully make your contributions while working remotely:

• Strong Connectivity: Remote working environments demand strong connectivity among employees and employers. Since none of them are physically in touch, a strong connection over calls, and through the internet is what is needed to ensure productivity is maintained.
• Collaborative Tools: The use of collaborative tools and software plays a major role in remote working environments. Such tools help employees to connect in a real-time environment and share work updates with ease. Popular collaborative tools such as Microsoft Teams, Google Meet, Zoom, etc., have recently proved to be of great importance in remote working environments.
• Active Discussions: Remote working environments demand both the employee and the employer to be in active discussion to ensure productivity. Hence, being in active discussions while in remote working environments is extremely important for the overall growth of the company.

Hybrid Working

A hybrid working model involves remote working with on-site working combined together. Hybrid working models have been adopted by a lot of companies in recent years. It includes a chunk of employees or all employees being granted the flexibility to choose between a remote working environment or on-site work.

However, some companies often lay down specific on-site working days and offer a flexible option to employees for the other working days. To ensure that productivity is not compromised, companies often offer hybrid working flexibility from time to time or only when needed.

A hybrid working environment similar to a remote working environment can only be adopted by companies whose work is largely computer-based and does not require the necessary physical presence of the employees. According to a report by McKinsey, it was determined that around 20-25% of the workforce of a company can easily work in a hybrid working environment without compromising productivity.

Hence, a hybrid working model can undoubtedly be the future of the work industry and a great consideration for businesses.

Enterprise Coworking

Enterprise coworking solutions refer to physical office spaces where employees of a company collaborate, share ideas, and contribute to the growth of the company together. 

Enterprise coworking spaces are often rented by companies and are focused on providing their employees with a comfortable and positive environment to ensure maximum productivity. These coworking spaces come with a lot of advantages that can result in the overall growth of the company. However, there are various downsides of enterprise coworking as compared to remote and hybrid working environments.

Since enterprises are on-site working locations, companies or businesses have to invest a wholesome amount of money to rent office spaces and maintain all the amenities. Thus, it can be a less cost-effective option to consider and might not be suitable for small businesses or start-ups.

The Future of Work Environments

The future of work environments seems to be revolving around remote, hybrid, and coworking enterprises. However, with businesses rapidly switching to remote, and hybrid modes to save cost, these working environments might take up coworking spaces in the future.

However, coworking spaces will still be beneficial and important for companies that demand a physical presence of their employees and are less computer-based.

Conclusion

To sum up, remote, hybrid, and enterprise coworking have brought a major change in the traditional work culture of the corporate sectors. While they have their own upsides, some major drawbacks also come along.

From small startups to established MNCs, these working environments are being experimented upon widely in the corporate sector. Hence, as a company owner, it becomes essential to choose the most appropriate working environment 

Visit the BHIVE Workspace to explore various coworking enterprise office spaces that can be highly beneficial for your business. Find flexible workspaces at affordable prices to make your business cost-effective and profitable. 

FAQs

1. What are the three types of work environments?

The three main types of working environments include remote, hybrid, and coworking enterprise environments. While all three differ widely from each other, companies have been experimenting to adopt the working environment that proves to be the most profitable or cost-effective for them.

1. What are the 5 C’s of hybrid work?

The 5 C’s of a hybrid working environment include communication, collaboration, connectivity, culture, and choice. 

1. How effective is remote working?

Remote working has proven to be highly effective in the past few years. A study stated that employees perform better and are more dedicated to their work when working from the comfort of their homes rather than in an office setting.