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The Advent of Coworking Spaces: A Brand New Strategy

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The Advent of Coworking Spaces: A Brand New Strategy

Over the last three years, the world witnessed the ever-present growth of co-working spaces. Around the globe, over 7,000 players are now in the said market. According to the Global Coworking Survey, by the end of 2017, nearly 1.2 million people worldwide will have worked in this type of workspace. Moreover, co-working spaces are planning more expansions.

There’s no denying that things are strongly looking up for co-working spaces, but what inspired this sudden boom of demand for this new kind of flexible workspace.

The Start of a Revolution

The first official coworking space opened in San Francisco only six years ago yet contrary to popular belief, it was first conceptualized long before. The idea first came to life during the year 1995 in Berlin when an association of engineers widely known as C-Base, created what they called a ‘hackerspace’ – a place wherein hackers can meet and work with one another. Four years later, it reached the shores of New York City.

Bernard De Koven coined the word "co-working"

 

In the same year, American game designer Bernard De Koven coined the term ‘co-working’ to explain the phenomenon of professionals working together as equals. De Koven was astonished to realize by how revolutionary the idea had become. This is due to the fact that most people don’t work together, specifically those coming from the business industry.

 

A Brand New Strategy

‘What makes coworking so special? What made experts say that it’s the key to success for startups?’

There’s no definite reason for the success coworking brings to startups. Instead, a mixture of different factors that contribute to its benefits. There’s meaning, control and community to name a few.

Numerous members of co-working members have said that they find more ‘meaning’ to their work in this kind of setting. Coming from different companies, projects and backgrounds, competition is kept at a minimum. Moreover, to some people, helping others equates ‘meaning’. The set of community and variety of skill sets help in creating a working environment where collaboration is preferred rather than competition.

Another factor is control, it allows employees to gain greater flexibility in their work hours. They have more freedom on whether they’ll be putting on a long day or take a break in the middle of the day to spend some ‘me’ time.

The Numbers

According to the final results of the 2017 Global Coworking Survey entitled The Profitability of Coworking Spaces, 40% of all coworking spaces are profitable. In the past four years, the percentage has risen from the figure of 32% since the year 2013. On the other hand, the number of co-working spaces that lost money dropped from 36% to 26%. Moreover, the final results discussed that age, membership figures and location of the infrastructure affects the profit they make.

And with Millennials starting to dominate the current workforce – the tech-savy and independent generation – the demand continues to grow. An estimated 48% of the Asian workforce is being dominated by them – from ages 15 to 34. The U.S. Bureau of Labor Statistics also predicts that by the end of 2030, the said demographic will make up 75% of the workforce.

Future predictions show great developments for the market of “Coworking Spaces” and as more and more enterprises turn away from the traditional workplaces, are you ready to make the switch? We’ll be more than willing to talk more about the success of coworking spaces.

The Underrated Star of Films

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The Underrated Star of Films

More often than not, audience think that the storytelling potential of a certain movie or TV show heavily relies on its screenplay and its actors. Though there is no denying that the two play major roles on the narrative of a film, there is an underrated star from the cast of most films and TV shows.

“The Location”

A setting or location is where the narrative of a film or series takes place and can be anywhere. Contrary to popular belief, it indicates something deeper than just what time a scene happens or where it occurs. Just like a character, a location can effectively influence the mood, style or themes of a movie.

A scene from the 2012 movie " Life of Pi" adapted from a novel written by Yann Martel.

A scene from the 2012 movie “Life of Pi” adapted from the 2001 best-selling novel written by Yann Martel.

The audience gets the chance to learn more about the character from where they live, go to work and spend their free time. Moreover, the setting can also showcase the growth of a character.

The way a set is lighted can also represent an idea or really anything. In the movie “The Life of Pi“, the spiritual journey of its protagonist Pi, across the ocean represents his spiritual journey. In this film example, the setting of an island can also represent the obstacles a person goes through in their life.

In addition, settings can also heavily influence the plot just like its characters. It can kill the characters or even force two of them together. It is impossible for a character to leave a setting and it is always integral in moving the plot forward.

Though not every location can represent something, it can easily set the mood of a certain scene with shadows, lighting and contrast. If the lighting is set on high, it means power. If the character is in a low contrast setting, it shows lack of power.

A film still for the 2016 movie <a href="http://www.starwars.com/rogue-one">"Rogue One: A Starwars Movie"</a>produced by <a href="http://www.starwars.com/rogue-one">Lucasfilm Ltd.</a> and distributed by<a href="http://www.waltdisneystudios.com/">Walt Disney Studios</a>.

A film still from the 2016 movie “Rogue One: A Starwars Movie” produced by Lucasfilm Ltd. and distributed by Walt Disney Studios.

The contribution a location makes in a film isn’t enough to showcase how important it actually is. Its power can also be applied in business.

It is detrimental that a business has a location that is easily accessible to both their targeted clients and its own employees or manpower. It is also important to note the kind of infrastructure that you need to acquire, as well as the facilities that it has to offer, which will support your daily operation needs. Luckily, seat leasing providers and even the new trend coworking spaces can now be found in the prime cities of the Philippines like Makati, Mandaluyong, Ortigas and even Quezon City. In addition to this, with the growing trends in transport technology, the commute will be a bit easier.

Interested in seeing the countless possibilities a prime location can offer? Contact us now.

Less is More, Quality over Quantity

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Less is more, quality over quantity

Quality over quantity – it’s a concept that already existed for years and have been ignored relentlessly. Yet in our defense, it is easier said than done.

In the corporate world, enterprises are expected to make money as fast as possible and as many as one can imagine.  And crafting every single product can be time consuming, not to mention expensive. Products like these have the tendency to end up with higher pricing that look less attractive to consumers – all the while producing numerous low quality products can be far more profitable.But here’s the catch: mass producing products made of low quality materials can result to a number of unhappy customers.

And with the internet sitting right in a consumer’s palm, word travels faster than ever. This generation‘s consumers have made it a habit to check opinions online before buying anything and if a product becomes known for its poor quality, it would immediately reflect on their sales. It counts to recognize that quality isn’t generated by the quantity you produce during your work hours but rather the quality you produce during those hours.

The same can be said when it comes to picking a brand new office space – less is more.

Outright owning an entire commercial office space clearly has its perks, not to mention that for decades, large-scale offices have been a marker for a successful enterprise. Though corporations would often emphasize how the acquisition of a new office isn’t easy, it’s usually ignored. What startups don’t realize is that it comes with a cost, in the form of huge budget cuts and time consuming completion of legal requirements – to name a few.

The necessities a brand new commercial space entails can risk the quality of your business operations. It makes you think do we really need a large quantity of space or is it alright to start small and maintain high quality services? Which of the two should you prioritize?

So instead of acquiring a dedicated office space, consider leasing seats.

Seat Leasing is a versatile business solution that offers you the essentials needed in starting up a business or a brand new site from seats, workstations, high end PCs, conference rooms, internet connection and even IT support and maintenance. Not only will you be saving by acquiring the exact number of seats that you need, it will also save you from the headache causing legal papers. Moreover, with the funding that you have saved, you can focus on other costs needed for efficient business operations.

Quality over quantity – though choosing the latter can be tempting, the former bears more significance in the steady success of a business. You may have few resources, yet this allows you to utilize your passion and drive to become the greatest weapon in your arsenal – putting no limit to what you can do when you immerse yourself to a vision that inspires you to move.

Let us overcome these limitations and let your enterprise be known for choosing quality over quantity.

The Benefits of Coworking Spaces

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The Benefits of Coworking Spaces

Over the recent years, coworking spaces gained the momentum needed to be one of the latest trends in the business industry. With the increasing demand for a cost-efficient and convenient workplace, several communal areas are now available in the Philippines.

Coworking spaces are workplaces that offer a comfortable area for freelancers and entrepreneurs of this generation. It provides a flexible membership-based commitment that guarantees smooth sailing operations at a very affordable rate.

Besides this, what other benefits can coworking spaces present? Why consider it as a business strategy and what makes it so effective compared to traditional offices?

The Benefits:

Meaningful Work

According to surveys, freelancers who worked in coworking spaces find more meaning in their work because of the fact that their whole selves can be present during the process. Unlike traditional offices, coworking spaces has members who work for different companies, industries and projects – eliminating the direct competition or internal politics that causes employees to put on a work persona to fit in. Moreover, studies have shown that working among people from different types of projects and campaigns can also strengthen one’s own work identity.

Diverse Community and Creativity Flow

Communal spaces provide like-minded professionals from different industries and different backgrounds, an avenue to collaborate and learn from one another. This gives individuals the chance to create connections and new networks that could be useful to them or the business in the future, whatever industry and organization they may be in. The connections a team can develop within the diverse community might pave way for new opportunities.

A community of equally driven individuals will help its members stay motivated. In addition, social interactions with others throughout the day can result to a healthier mind and body.

Flexible Office Space

With the concept of a hybrid between a big coffee shop and shared office space, individuals can choose the work environment they think would be best for them. They have more freedom to work in a quiet space to focus or in a shared space to allow collaboration and interaction.

Thriving Employees

Coworking spaces allow avenues for two important components of thriving; vitality and learning. First, Vitality or the sense of being passionate, excited, and alive. Employees experience a spark of vitality when they are surrounded by equally passionate individuals and when they get the sense that what they are doing on a daily basis is making a difference.

Second is learning or the result of gaining new knowledge and skills. Other else than the technical advantage and status as an expert that an individual can gain, it can also set a cycle in motion: that people who continuously develop their abilities are likely to be more confident in their potential for further growth.

Despite originating from freelancers and entrepreneurs, it remains to be relevant to the broad range of organizations and traditional companies. It suggests that the combination of a healthy work environment and a great work experience can become part of a company’s strategy in creating a healthier and happier work environment that will help your employees and your business thrive. Talk to us today and let’s discuss how coworking can improve your enterprise.

The Space Between Isolation and Loneliness

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The Space Between: Isolation and Loneliness

“There is something that feels so good about sharing your life with somebody”

In the 2013 movie Her, a lonely writer named Theodore falls in love with an intelligent operating system named Samantha. And unlike other sci-fi movies, Her hits close to home. What with the uncanny similarities of today’s technology – smartphone devices and wireless earbud – it makes you wonder how long till Siri gains consciousness.

At first sight, you’d marvel at the strange romantic relationship between the two characters have and how dreamy the experience must’ve been to have such a special connection with anyone, or anything for that matter, but underneath all the poetic dialogue, lies a premise that’s too strong to ignore.

No, it’s not the feeling of fear that the time Theodore is in probably isn’t that far from happening. And no, it’s not the creepy premise of a man falling in love with an operating system – though that sounds atrocious itself.

It’s this: the isolation and loneliness we all share and our vain attempts of fulfilling that craving with technology.

A derivative scene from the 2013 movie Her, distributed by Warner Bros. Written, directed and produced by Spike Jonze.

Samantha was customized to fit the needs of Theo , almost as if her algorithm was made for lonely men.  She can sense his sadness and acts to mends it. Yet in the end, it still doesn’t work out. Because Theo’s feelings, even if it looks like an arithmetic problem to Samantha, can never be solved by ones and zeroes.

With the emergence of technology sitting right in our pockets, we turn to them for the instant feedback they give and soak up the momentary, fleeting moment of satisfaction that we get. A smartphone might create an output that can easily fit our needs with the data we give to them but it’s still no match to the depth of human interaction.

Emotions are emotions. They are subjective and intangible. You can’t use algorithms, codes and math equations to solve isolation and most specially loneliness.

The Reality

What makes Her even more relatable other than the technology present, is the isolation Theo and almost everyone in the movie, goes through.

In a recent presentation at the Annual Convention of the American Psychological Association, research have shown that loneliness could pose an even greater threat to public health than obesity. Other studies have also said that the risks it possess even rivals those of smoking.

Experts believe that loneliness alone can lead to a dozen of issues like sleep deprivation, increased levels of stress hormones and can aggravate the immune systems. Any of the aforementioned harmful effects can put people at a much greater risk.

Loneliness is more fatal than obesity & smoking.

To make things a little scarier, they don’t think it’s going away soon. Julianne Holt-Lunstad, Brigham Young University’s professor of psychology says that 42.6 million adults ages 45 and above suffer from chronic loneliness and that this number is expected to rise in the coming decades. The General Social Survey of 2016 have also said that more and more people are feeling tired and lonely at work, saying that burnout at work isn’t just about exhaustion, but loneliness as well.

Downsizing

Though it is important to note that strategies for curing or reducing loneliness can vary among one another, social interaction is one of the best ways to downsize its negative impacts.

According to Holt-Lunstad, a person can reduce loneliness by taking a more proactive approach to socializing by putting down smartphones and planning get-togethers instead of lazily scrolling through your Facebook news feed. An increase in daily face-to-face interaction has been seen to reduce loneliness in most cases.

More and more freelancers and young professionals are turning towards a new kind of office space – one that fosters a healthy dose of isolation and social interaction.

Coworking: Reduce Loneliness, Start Socializing

Behind Coworking Spaces’ success is the increased social interaction it offers to its members. Made for workforces from different industries, coworking spaces gives its members the freedom to interact and collaborate, socializing isn’t forced and members can choose when and how they communicate with others. It creates a place wherein an individual joins as a ‘me’ and becomes part of a greater ‘we’.

In the end of the movie, Samantha leaves Theo, along with the other OS’s in the hopes of becoming more than what they are made for. While Theo goes to his close friend Amy, whose own OS left as well, for comfort.

Though a pyrrhic victory – learning a lesson by having his heart broken – Theo’s connection with Samantha was necessary for him to re-evaluate his view of where to find love and to learn the importance of social interaction.

Moral lesson? Don’t wait until an operating system breaks your heart to force you to socialize. Join our community now!

Introversion, Collaboration and Coworking

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Introversion, Collaboration and Coworking

In a common workplace setting, there is a prevalent mixture of personality types among its members. Some employees are Introverts, some are Extroverts – and somewhere in the middle, exists Ambiverts. Distinct differences have been set among the mentioned personality types – Introverts love spending their time by themselves, Extroverts thrive in meeting new people and Ambiverts prefer to have a separate time for social interaction and “Me” time.  And over time, negative stereotypes started to create a gap between the two main personalities, growing bigger and bigger over the years. This huge existing gap between Introverts and Extroverts have led people to believe that working together or collaboration will not be easy. But is it really that hard?

Recent studies have said that for collaboration – the kind that gives birth to fresh creative ideas – to spring, there is a need for a balanced group and individual work. That despite of random introversion and the tendency of conflicts to arise, embracing how opposite they are from one another is a healthy way for them to collaborate brilliantly.

Another helping tool for introverts and extroverts to work well together is an private office space, the kind that allows room not only for group work but the kind that can give its members alone time to refresh themselves. And with the increasing demand of having an innovative workplace in the Philippines, “Coworking Spaces” became the latest trend in the business industry.

Coworking spaces are the newest kind of workplaces that allow freelancers and young professionals from different industries to work on their individual projects alongside one another. Moreover, individuals can choose the work environment they think would be best for them. They have more freedom to work in a quiet space to focus or in a shared space to allow collaboration and interaction.

Both personality types – despite of how diverse they are from each other – remain to be valuable to a team. Introversion and extroversion can definitely coexist and further develop a symbiotic relationship. And with the right coworking spaces, creativity will flow. Contact us today and allow brilliant collaborations to be created.

Coworking: The Most Prominent Type of Flexible Workspaces

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Coworking: The most prominent type of Flexible Workspaces

The recent rise of the trend remote working or flexible working, doors have opened for a brand new kind of workspace – the one tailored to meet the specific needs of the current labor force.

Flexible Workspaces

Flexible Workspace is the kind of office space, either private, shared or a combination of both, that offers short-term leases with a minimum size of fully furnished and ready-to-use seats. These offices may include other services like telephone lines, fast internet, meeting rooms and a reception are among others.

Where It All Started

The strong shift towards flexible workspace was first observed in the UK market during the year 2015 to 2016. As of writing, its rise continued to spread in many of the world’s top markets.

In the US and UK market, a double-digit growth for the usual size requirements was seen – highlighting the increasing take up of flexible space by corporates. Lead cities in Asia also reported similar results while Australia seemed to have had a particularly strong year as well.

The current global flexible office market totals around $21 billion – showcasing compound growth of around 21% over the past years. UK and the United States are still the largest markets but Asia-Pacific show strong signs of growth despite contributing a small part of the total.

Different Flavors

In most markets globally, there are only two major classifications of flexible workspaces – serviced offices and coworking spaces but in the current Philippine market there are 3 types: service offices, hosted service firms and coworking spaces.

Serviced Offices

Providing the most fundamental services, they are the pioneers of flexible workspace. Major players have multiple sites in cities and even countries, being the first one to enter the market. In addition, they are most likely to be located in prime locations within the central business districts. Serviced offices for business travelers, expatriates and multinational companies entering the market for the first time.

Hosted Services Firms

Despite of being similar to serviced offices, hosted services was considered as a sub-group in the Philippine market due to the former’s relevance to the strong presence of BPOs in the country.

Hosted Services entered the market next, differentiating itself by featuring back office, non-core services like information technology (IT) services, human resource staffing and even accounting. The aforementioned services help clients focus on their core businesses. Perfect for small business process outsourcers (BPO) and other traditional companies for these firms are relatively agnostic towards prime locations and would rather focus on quality infrastructures at a reasonable price.

Coworking Spaces

Aside from being the newest type of flexible workspace, coworking spaces also happen to be the fastest growing trend among the 3 with an average of 61%.

With a contemporary design made to integrate the comfort of a home, the ambiance of your favorite café and the functionality of your office, Coworking Spaces differentiates itself with the community it creates. Perfect for start-ups and freelancers, the operators encourage their tenants with similar interests to collaborate in a shared working environment. In addition to this, the members of the community can have access to contact details of other members in the community to foster cooperation. Learning sessions are also held, where seasoned industry experts share what they know to equip the members with the skills and tools that might help their respective businesses.

According to reports the forecasts are straight forward, the growth of flexible workspaces will continue to flourish. An estimated 1.2 million people worldwide will have worked in one of the 3 kinds of flexible space by the end of year. With this trend dominating the market, have you considered shifting? Or is it still debatable? Either way, we’d love to hear what you think about this strange yet innovative change in the labor force.

Seat Leasing versus Traditional Rental Office Spaces

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Seat Leasing versus Traditional Rental Office Space

From the location, building design, aesthetics and its features, there are numerous crucial aspects in establishing the first ever office of your business. But among them are 3 factors that could make or break the big decision – the company’s long term goals, current situation of the business and the amount of capital. Not only that, the process itself of acquiring the needed papers for your office to be registered takes time and is often a tedious task.

There are several things needed to be considered before choosing the office space that you need. Moreover, it comes with a heavy responsibility – making sure that the choice you are about to make won’t affect your business operations in anyway.

Should you settle for traditional rental office spaces? Or to lease a few seats for a couple of months? Which will be more efficient? To help you decide which one is better, here are a few things that differentiate renting a commercial office space from leasing seats.

Seat Leasing

Seat leasing deals provide organizations the essentials in starting up a business

Seat leasing deals provide organizations the essentials in starting up a business or a new site from seats, workstations, computers, conference rooms, internet connection and IT support. Some may even offer Human Resource Services, Recruitment, and Payroll. The list of beneficial factors that seat leasing offers doesn’t only end there.

For one, it could save you a lot of money. Instead of investing in your own office, you can lease the exact number of seats that you need. Seat leasing in Ortigas, Makati, Mandaluyong or Eastwood City can range from $195 to $225 per month depending on whether it will be shared or not. Moreover, the required occupancy is only a minimum of 6 months.

Another thing to note is that seat leasing saves you the time of going through tons of paperwork and buying the needed furniture. No need for the exhausting tasks of government permits and what not.

Secondly, seat providers give you modern facilities like high end PCs and fast internet. Not only will they save you from investing in furniture and equipment, they will also be saving you from staffing requirements needed – utility staff and the likes.

Lastly, seat leasing companies can be found in the major cities of the Philippines, making it more accessible to your client and employees.

 

Traditional Rental Office Spaces

Traditional rental office spaces have a long term contract ranging from a minimum of 3 years.

Other else than outright owning an office space entirely, renting your own dedicated commercial office space gives you the freedom to do whatever it is that you want – it gives you complete control over the environment needed for some businesses.

Traditional rental office spaces also have long term contracts ranging from a minimum of 3 years. Though not flexible, it gives business owners the chance to build equity that can be used as collateral for when you decide to expand in the future. Moreover, this kind of office space is practical if you are predicting a steady growth of the company

However, it is important to note that there are separate costs for smaller details that are often disregarded like furniture, facilities and maintenance of your office – this alone can consume time and funding you could’ve spent on important aspects of the business.

Remember that before you make the big decision of choosing a new home for your business, it’s important to check your finances, your scaling and whether this move will open doors containing opportunities for you. Whether you’ve already made up your mind or still debating, we’ll be more than willing to provide you with more information, talk to us now!

The Rise of Flexible Working

The Inevitable Rise of Flexible Working

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the rise of flexible working

According to Robert Frost, “Freedom lies in being bold”.

It takes a certain amount of courage for a leader to give its subordinates the liberty of reaching their objectives in the best way they see fit. And though it can be seen as a great leadership move, it is very challenging to define its boundaries.

In a workplace environment, freedom is applied in the ability of keeping non-traditional hours – contrary from the 9-to-5 setting the majority of the workforce is used to, work from home, taking limitless vacation days and exercising creative approach in meeting career goals.

Despite of how taboo the concept of flexible working may seem, a significant shift in the workforce has been observed over the past years.

An increasing number of employees are turning away from the traditional model of work hours. New ways of operation continue to grow in popularity, transforming our offices and giving us a precaution for a big change that’s about to happen in the near future.

The Numbers

Last year, the industry has been exposed to more information about remote work. In India, 53 percent of their workers prefer to work from home. All the while in the United States, 38 percent of employees say that they are able to work from home at least once a week.

Over in the United Kingdom, the number of people working from home grew by 800, 00 to more than 4 million, and an estimated 1.8 million of workers would do so if allowed. And in developing countries, an estimated 10 to 20 percent of managers work remotely.

Private companies and even governments have also begun to formalize remote work. In Saudi Arabia, 500 companies in 70 cities allow people to work remotely. On the other hand, Japan’s Toyota announced that it will allow one-third of its workforce to start working remotely. Turkey also took into consideration the discrimination remote workers get based on how they perform their tasks.

Surveys and statistics prove that this shift towards flexible working is real and not a myth.

infographicflexible

The Aftermath: Inevitable Rise of Flexible Working

With the surge of overruling the traditional ideologies the workforce have had for decades, the demand for a kind of workspace that allows freedom to its employees have materialized.

And in the year 2012, a new type of office space was born:  Coworking Spaces

With the growth at an average of 61%, coworking spaces can now be found in countries around the globe. The market have skyrocketed over the last three years and according to the Global Co-working Survey, nearly 1.2 million people worldwide will have worked in a co-working space by the end of 2017.

With an open office setup, its design aims to integrate the comfort of your home, ambiance of your favorite café and functionality of an office. Coworking spaces is different from the traditional workspace in a sense that it gives you more freedom to choose the type of set up you think would be best for you and creates a community that fosters collaboration.

Getting sick of your desk? No worries! Grab your things and move! In need of social interaction? Why don’t you join the rest of the crew in the lounge area? Just imagine, no restraints on what you think works well for you.

Can you see it now? If not, hit us up and we’ll give you a sneak peek on how liberating it is to be free.

Don’t Chain Yourself to a Desk!

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Don’t Chain Yourself to a Desk!

Over the years, experts have observed a significant change in the traditional 9-to-5 work day to the point of saying that the eight hour grind may soon be an exception instead of a rule. According to the communications firm Euro RSCG Worldwide, one of the top 12 trends for 2012 is that employees of the Generation Y or Millennial demographic are overruling the traditional workday.

It shouldn’t have come as a surprise to the world that millennials are starting to take over the current workforce. As of writing, the overall Asian workforce is being dominated by this new wave of people at an estimated 48% — ranging from ages 15 to 34. The current Philippine workforce is closely following this trend at 44%. The U.S. Bureau of Labor Statistics even predicts that by the 2030, the said demographic will make up 75% of the workforce.

Known for being tech-savy, creative, and independent, Millennials are one of the strongest driving force behind the arising changes in the workplace. Despite of the bad reputation and stereotypes this young generation seemed to be getting for challenging the conventional way of working, they probably have a logical reason for not wanting to chain themselves to a desk.

The Change: Shifting Away From Desk Jobs

The generation of young professionals today value autonomy and independence in the workplace, unlike their parents that valued the security of 9-5 desk jobs.

Millennials are risk takers who are not scared of switching from one job to another – a complete contrast to those coming from the older generation who held their jobs with a tight grip. According to the 2016 Deloitte Millennial Survey, one in four Millennials would quit their current jobs to join a new organization or do something different – if given the choice. The said figure increases up to 44 percent when the given time frame is expanded two years. And by the end of the year 2020, two out of every three respondents hope to have moved on from their current employers. This seemingly lack of loyalty may be fueled by the wants of the employees to continuously develop their skills and to remain happy. This generation won’t give changing jobs any second thoughts if this change would give them greater opportunities.

Another study have said that 37% of Gen Y workers would rather have their pay cut if it meant more flexibility – a balance between work and play. Studies have also said that flexible working have positively affected their productivity and loyalty to their company.

Almost all employees coming from different demographic share this desire for flexibility, but none more than Millennials. This generation tend to prioritize work satisfaction and out-of-work happiness than earning the most money. Though often seen as laziness, Millennials are known to have 50-60 work weeks and this includes evenings and weekends.

With a more flexible work hours, you have a greater chance of spending time on leisure and loved ones. A person’s mental and physical health can greatly affect their work ethic and happiness. Older generations may have made it look like it is something hard to achieve but the Generation Y are living proofs that a high quality of life is possible.

The increasing demand for a more flexible work hours and office environment paved way to opportunities for a new kind of office space: Coworking Spaces – one of the latest trends in the business industry.

Coworking spaces are membership-based workplaces that offer a more comfortable work area for the freelancers and entrepreneurs of this generation. Not only will they be providing an affordable workplace with a guaranteed smooth sailing business operation, it will also give you a change of scenery. It suggests that the combination of a healthier work environment and a great work experience can become part of a company’s strategy in creating a happier atmosphere in the office that will not only help your employees improve their productivity but also benefit your business to thrive.

“Don’t chain yourself to a desk!”

The ideals that Generation Y have may be unconventional but the rest of the world should give them credit for the innovation they have brought upon. And with majority of today’s workforce coming from this demographic, are you ready for them? Talk to us on how you can catch up on the trend of flexible working hours.