Rationalising the Evolving Workplace in Fintech Companies

Rationalising the Evolving Workplace in Fintech Companies
As modern workspaces continue to evolve, significant shifts in the workplace become visible. Rationalization of the workplace is an integral part of the adjustment process for any organization, especially for the Fintech Companies. Since the starts of the pandemic, digital technology continues to profoundly shape the new workplace, which consists of the physical location of a business and a mix of people and technology as part of the workplace profile. 

Changing workplace dynamics have forced organizations to reimagine the role of offices in creating safe and productive workplaces for their employees. This has led to the adoption of new ways of creating workspaces. 

Changing Workspace Designs 

Offices have always been considered the critical productivity centres per conventional wisdom. As a result, companies have been constantly on the lookout for renting prime office space in major urban areas. However, changing work culture has made open-office designs, and co-working emerge as the new workspace designs. 

With “work-from-home” becoming the new norm during the pandemic, organizations quickly adopted video conferencing and other digital collaboration technologies. This has called for a change in the workspace design, with the office now shifting from cubicles to spaces optimized for collaboration to support the new hybrid working models. 

Redesigning the Workplace to Support Organizational Priorities 

A typical commercial office rental in Singapore is a mixture of private offices and cubicles, with meeting rooms, lounges, pantries, and shared amenities. Few Fintech Offices have been exclusively designed to support the priorities of the organization. The shift in work culture has made office structures and designs to be rethought and transformed. 

For example, organizations can create workspaces specifically designed to support interactions that cannot happen remotely. Similarly, if any office relies on collaborative structures rather than individual work, they can devote most of their office space for rent to collaboration rooms. 

Office to Serve as a Much More Compelling Purpose 

Most organizations agree that there are advantages to working in an office and working from home. As most employees return to work, they will likely do a little bit of both. Employees love to work from lively places that have a dynamic environment. So, an office can serve a much more compelling purpose, that of a hub for collaboration. It can also serve for retaining and training an incoming workforce. 

Even for those looking for industrial space for rent for industrial workspaces, their workers should be able to collaborate in real-time. They should have more precise operating procedures and work instructions. Just as the desk-bound office workers get various collaborative, productive, project management and workflow technology tools, the desk-less industrial workforce should also get this opportunity. 

Evolution of Workspace Designs

As workspaces open and employees start getting back to work, adhering to social distancing norms would be incorporated while commencing operations. This will include strategies such as phased reopening and a rotational workforce. 

Some companies are also plotting their own routes and implementing high sanitation standards. One long-term change we may see in office space design is that common areas such as meeting rooms, and elevators would be enabled for social distancing. 

Many offices are planning to provide a consistent employee work experience with access to the leading technologies, desk space, and conference rooms at various locations in the building.

Making the Workspace Interesting 

Office spaces can be redesigned and purpose-built for hybrid work with an increased focus on making the workplace interesting. Employees can have a digital workday experience with activities such as ordering food, booking rooms and workspaces, and complying with the office building’s health and safety protocols, which are all available on apps on smartphones. 

Office owners have to keep in mind that such digital experiences are not only based on apps. They include experiences and services embedded within the workplace through the digital layers present in office buildings. 

Redesigning Cubicle Spaces 

Office cubicles are the traditional go-to place for office productivity. Commercial office spaces generally allocate a majority of the space to office desks and cubicles, which now needs to be changed. It would be interesting to provide workers returning to workspaces cubicles that are comfortable, safe, and have an aesthetic appeal as well. 

People looking for office space rentals can introduce design elements for smart conference spaces, collaboration areas, and lounges to bring together creativity and people’s collaboration for their employees. 

Solutions That Work for Everyone 

The future of work has changed, and Fintech companies looking to take office space rentals are now modifying their search criteria for workspace based on corporate headquarters, smaller offices, or on-demand workspace for teams. In addition, they can introduce space customizations also with technology and enhanced office accessories. 

Summing Up 

The emerging trends and demands of the new workforce are streamlining the market for commercial and industrial real estate. Especially in Fintech companies, the modern market nowadays for commercial rentals in Singapore is guided by comfort, flexibility, and employee-centricity, with technology at the driver’s seat to drive this change.