Large corporates with massive real estate portfolios were forced to reassess their work models due to the evolving conditions in 2020. There is an ongoing debate on the efficacy of work models that will pave the way for the future of workspaces – Conventional, Remote or Hybrid, as we already begin to see workforce flocking back to offices with the second wave showing signs of waning.
As we navigate our way through the second wave of the pandemic, the CRE landscape continues to shift for all stakeholders in this ecosystem. While Q2 of 2020 witnessed green shoots of recovery for CRE, Corporate occupiers remain uncertain about long-term workspace plans in 2021 and 2022 and are re-evaluating their office space needs. What does this mean for CRE in the near to long-term and how are developers staying resilient in 2021?
Since April last year, companies globally have been able to sustain operations and maintain growth due to adaptable & agile workforce. The workforce has quickly shifted gears as necessitated by the evolving situations and demonstrated flexibility and resiliency throughout the multiple phases of WFH, back to office and hybrid models in the past 1 year. This distributed, fluid workforce has altered the purpose of office from being a place where work gets done to an employee-centric place where teams collaborate to drive transformations.
In the dynamic realm of business, the significance of a well-tailored workspace cannot be understated. As companies venture through different stages of growth, their workspaces go through a transforming journey forming a key to strategic decisions that align with their unique requirements and aspirations. Whether it’s an ambitious early-stage startup, a funded venture brimming with potential, a nimble SME/MSME aiming for regional dominance, or a stalwart enterprise navigating a hybrid future, the choice of workspace solutions can profoundly influence the success of the business venture. In this article, we embark on a journey through the diverse and bespoke world of workspaces, unveiling the perfect fit for different growth stages.
The hybrid work model has emerged as the predominant paradigm in response to the evolving work environment. It seamlessly integrates in-person and remote work options for employees. However, this newfound flexibility brings unique challenges for managers, who must adapt their leadership styles and strategies to ensure the success of a hybrid workforce. In this blog post, we will delve into the evolving responsibilities of managers in the era of hybrid work and offer practical solutions to tackle the issues they face.
In an era where artificial intelligence (AI) and machine learning (ML) are steering industries into uncharted territories, the need to prepare the workforce for an AI-powered future has never been more critical. The convergence of technology and human expertise is reshaping workplaces, creating opportunities and challenges alike. In this article, we delve deep into the significance of upskilling and reskilling in fostering workforce adaptability and harnessing the potential of AI and ML.