WeWork is about people who are surrounded by other people. What makes WeWork special is their ability to combine Spaces with Services and Community. They have a whole bunch of other independent services in place to achieve this vision, e.g. Creator, Flatiron, Meetup and Rise. All of their products are under a parent company called the We Company. Some stats for you, 38% of Fortune 500 Companies are WeWork members They are currently operating in 29 countries. Here are some key notes from them about the future of work spaces.
Increase urbanization, a lot of people are coming to cities to look for jobs and communities. Communities can help individuals to be a part of something bigger than themselves. Sharing is trending, people are more conscious about what they own and frequently share resources.
The changing millennials, by 2025, will make up 71% of the global workforce. They are constantly looking for solutions. They are active and not waiting for things to happen. Need meaning in their work.
People thrive in co-working spaces. Approximately 10% of a worker's productivity is directly impacted by the people around them. 91% of Asia's top 200 organzations are considering using flexible workspaces.
What is an environment for the New World of Work?
Common Area - Important to have comfortable spaces for people to meet, work and discuss topics. These are common areas that a lot of things can happen. If there are events, it will also be in the common area. Have as much natural light as possible. Natural light is a big factor in spaces. People function better with natural light around them.
Quiet Room - is also important for people who need a place to think.
Fun Room and Pantries area - places to hang-out and play, with drinks and beer tabs. Coffee is always good to get people caffeinated, and beer to calm them down. Everyone needs to drink, eat and hangout.
Staircases - studies have shown that people remember each other when they cross each other's path.
Community Bar - Starting point of WeWork's experience where community managers welcomes everyone to the spaces, even helping non-members. Neon are used in almost all of WeWork spaces as their common element. A lot of local art and creative people in the space.
Beyond spaces; Empowering people
Providing platforms to learn.
Wellness - common trend amongst communities, workout, meditation, brew yoga. Drink beer while doing yoga. Rise by We, a gym for everyone to workout.
Creating Impact - Emphasize a lot on social work and create social awareness.
Collaboration is key.
Having shared experience, being together is always everyone's true north star.
Richard Ong is the author of Mindsets and Core Purpose. He is deeply passionate about helping others develop new products and services for the future. He is also a business coach and keynote speaker, with multiple IBM Bravo and Performance awards. He was met by Prince Charles to discuss his entrepreneurial efforts in Malaysia and was featured on national radio.
Richard Ong earned his Masters in Business Administration from Victoria University, Melbourne. He was the president of the VUMBA Community from 2010 to 2011 and was recognised as a WORQ super-member in 2018 for his community-building efforts. He also teaches part-time at Sunway University and Jeffrey Sachs Center.
Visit roptcreate.com to learn more and to connect with him.