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WeWork Records Highest Desktop Sales Since 2019
WeWork bounces back, coworking company declaring it sold enough offices in April and May to exceed its record office sales in September 2019.
During that time in 2019, WeWork’s attempt to go public had fizzled out and it was forced to cut spending, lay off thousands of workers, and oust founder and former CEO Adam Neumann.
This news comes as vaccination rates continue to rise in some parts of the world and people become increasingly comfortable returning to the physical workspace.
WeWork also said its occupancy rate, which once stood at over 70%, fell to 47% last year, then rose to 53% in late May.
There appears to be a similar slow recovery for the coworking industry around the world as businesses turn to hybrid work models and seek flexible alternatives to traditional office spaces.
Google to shut down London campus location
Google goes do not reopen your startup Campus space located in London after being forced to close its doors during the pandemic.
Google has claimed it will continue to play its role in supporting startups, but does not need physical space to do so. He added that the startup community doesn’t need a dedicated workspace, but rather access to resources like mentors and business creation programs.
Campus London is one of several campuses in the world and was opened in 2012 by Google employee Eze Vidra.
The space was located in London’s Shoreditch district and was considered the heart of Tech City London. It featured a coworking space, a cafe, an event space and was used by many startups.
“When I first set foot on the London campus in 2012, it felt magical to me,” said Marta Krupinska, head of Google for Start-ups UK. years, a new chapter opens. So much to celebrate and still so much work to do.
London businesses expect to receive WFH up to five days a week
A survey by the London Chamber of Commerce and Industry (LCCI) found that nearly half of London businesses expect employees who can Work at home to do this up to five days a week in the future.
“Many companies have already made decisions about their premises and working methods after the restrictions are lifted,” said Richard Burge, CEO of LCCI. “This is what the company has judged best for their company’s bottom line or productivity. “
The survey of 520 business leaders found that the main reason employees worry about returning to work is the possibility of contracting Covid-19 while commuting to work.
A LinkedIn study also found that more than two-thirds of UK employees said their employer expects them to come back to the office. However, almost half said they would prefer to work both from home and in the office.
Major cities are recovering from the pandemic at varying rates
States that were considerably impacted by the pandemic do not experience a mass exodus, but the recovery will be different in various major cities.
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For example, analysts at Placer.ai characterize the population decline of 2.5% and 2% respectively that New York and California experienced from May 2019 to May 2021 as “limited loss.”
However, major cities like New York and San Francisco have seen month-over-month declines over the past year. San Francisco in particular could see notable results.
“While these aren’t massive population changes, even small changes in a highly competitive professional market like San Francisco can be extremely large,” wrote Ethan Chernofsky, vice president of marketing at Placer.ai, in an analysis from last month. “The spread of potentially highly skilled professionals who are increasingly in demand may create opportunities for businesses centered in these other cities or further fuel the growing trend of ‘work from anywhere’. “
However, the future looks brighter for New York. Placer.ai data shows that a drop in rental prices is bringing residents of outlying districts to the heart of the city.
According to Chernofsky, this may “have major implications for retail and in fact deepen the role of a city like New York as a” center of orbit. “
New digital nomadic trends
As it becomes increasingly clear that remote and hybrid arrangements are here to stay for much of the workforce, new digital nomad trends began to emerge.
In an effort to capitalize on this shift in workforce, cutting-edge technology company Blueground launched its Blueground Nomads program, offering 4,000 fully furnished apartments in 15 cities around the world.
The company aims to help traveling professionals explore new parts of the world, while easily providing safe living conditions.
“Flexibility, exploration and the freedom to choose how and where you spend your time is the essence of Blueground,” said Alex Chatzieleftheriou, co-founder and CEO of Blueground. “We not only offer maximum flexibility, but we encourage our team members to choose the best working environment for them. “
In addition, some countries have started offering their own work visas for digital nomads to boost tourism. Places like Georgia and Estonia have started their own programs to bring foreign professionals to their countries to work, pay taxes, and contribute to the economy.
Another interesting trend of digital nomads that has emerged recently is the growing number of people traveling across the United States by motorhome.
The Escapees RV Club has over 60,000 members, thousands of volunteers and nearly 100 employees. Some members live in their RVs year round, while others work part time or full time on the road.
How HR tech companies can adapt to the future of work
The relationship between the workplace, employees and leaders has completely evolved over the past year, which means that the the role of HR has been redesigned.
Specifically, there are three trends that HR managers should focus on when it comes to meeting the needs of the modern workforce: well-being, social issues, and employee buy-in.
The past year has had a socially changing impact on the way we view physical and mental health. Although the basic definition of wellness in terms of HR technology revolves around physical health, it must also adapt to mental health issues.
For example, adopting tools to identify burnout, PTSD, and other forms of mental health disorders can enable companies to better support their employees and meet their needs.
In addition, the focus on various social issues led 70% of employees to want companies to take on more social responsibility. Not only that, but consumers are more inclined to support companies that strive to promote incremental change, whether it’s environmentally conscious decisions or positions on political issues.
HR technology can help you by using employee sentiment surveys to better understand which issues are most important to workers, then learn how to integrate charitable giving into their internal systems.
Whatever changes are on the horizon for a business, one of the most important steps to take is to allow employees to be directly involved in the changes. With HR technology, leaders can receive impactful feedback from their employees, gain genuine employee buy-in, and make changes that will advance the functioning of the workplace.
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