The hybrid approach to work has shown its full potential, to the extent that business leaders are questioning the location of their headquarters. That is notably the case for The British Petroleum Company plc, which, in response to the pandemic and its restrictions, is renting out its London headquarters to adopt a new, more flexible way of working.
So, how can hybrid working be an effective solution for your business?
Strengthen your competitive advantage. The Covid-19 pandemic has made the market even more competitive as it requires change responsiveness, market shifts anticipation and emerging opportunities identification. Through workspace flexibility, we find that short-term use of space allows better cost control. This is because space financing is limited to needs that vary over time, allowing for greater profitability.
Expand your teamwork geographically. By adopting a hub-and-spoke working model through our collaboration with Spaces, Highline expanded its international network of flexible workspaces making all teams available closer to its clients. Coworking spaces allow the company to expand its presence across multiple locations while providing more convenient workspaces that enhance employees’ work-life balance.
Follow the agile method. To be competitive in today’s world, it is also necessary to maintain a culture of continuous learning, effective decision-making and resilience. According to Scaled Agile Inc, digital agility can increase productivity by 20-50% and employee engagement by 10-50%. Agility offered by hybrid working is an operational and economic advantage for startups, SMEs and multinationals alike.