Social Workplace : the next chapter

SOCIAL WORKPLACE the next coming chapter

Jean-Yves HuwartFounder

WeWork Moorgate

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« We are an innovative space for people with creative ideas. We run events on social media, open hardware, networking. Our members come together and do things for the benefit

of the community. We are open to very different profiles and encourage technology startups, artists or movie companies,… » 

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EMMANUEL MBISSIMO J-HUB (Juba, South Sudan)

source: medium.com

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The same story starts to be written everywhere on the globe:

Thousands of coworking spaces popping up

all over metropoles, cities and towns.

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We have been organizing the

COWORKING Europe Conference for the

last 6 years.

We gather a community a more than 450 people yearly. It never stopped

growing since then.

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WE LOVE OUR COMMUNITY.

WE LOVE OUR COMMUNITY

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so much that we have replicated our model to bring more coworking communities together elsewhere.

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THE TRENDS supporting the rise of coworking are stronger than ever.

We think we only are at the beginning of the story.

And we aim at making the demonstration of it through facts.

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WHAT ARE THOSE FACTS ?

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Evidences of the change ofthe traditional economical patterns 1

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Small

youn

g

1-49 e

mploye

es

Small

old

1-49 e

mploye

es

Medium

youn

g

50-24

9 emplo

yees

Medium

old

50-24

9 emplo

yees

Large

youn

g

250+

emplo

yees

Large

old

250+

emplo

yees

0

5

10

15

20

25

30

35

40

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Employment Job Destruction Job Creation

Most new jobs are created by young businesses

Source:OECD

Employment, job creation and job destructionBy firm age and size, 2001-11

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On average, startups hire while older (bigger)companies lay off

Source:OECD

Net job growth, younger versus older firms2001-11

Young firms (5 years old or less) Old firms (6 years old or more)

2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11

0

-2

-4

-6

6

4

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Young firms (5 years old or less)

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The average number and size of the employersis changing.

So is the nature of those jobs.

Source:Deloitte

The total number of SME’s in ‘New Work’ sectors increased in the UK by

17%between 2008-2014

This is made up of

25%Creative

12%Digital

17%Professional

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The majority of the new created jobs are digitally enabled,In knowledge intensive services.

Source:Business Structure Database 2015

Expanding SMEs by location and sector2011-2014

Cities Non-cities -

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

ManufacturingKnowledge-intensive business services (KIBS)

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Modern task achievements require creativity,networking, collaboration and social capabilities

Source:Future of Work Report 2015World Economic Forum

1. Complex Problem Solving2. Critical Thinking3. Creativity4. People Management5. Coordinating with Others6. Emotional Intelligence7. Judgement and Decision Making8. Service Orientation9. Negotiation10. Cognitive Flexibility

Top 10 skills

1. Complex Problem Solving2. Coordinating with Others3. People Management4. Critical Thinking5. Negotiation6. Quality Control7. Service Orientation8. Judgement and Decision Making9. Active Listening10. Creativity

In 2020 In 2015

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THESE ARE THE NEW TENANTS. The development of more of these jobs will keep fueling

the demand for more coworking spaces.

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Governments need more coworking spaces to structure vibrant and innovative urban ecosystems in order to increase their attractiveness and to address the challenges of the upcoming 4th Industrial Revolution.

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Vintage buildings or abandoned industrial facilities are converted into coworking.

Source:CoworkLisboa

NOW - 4.000 m2 coworking in an

unused warehouse in

Lisbon, Portugal

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The lack of a broader coworking offeringis among the reasons which explain whythe Irish startup ecosystem isn’t more developed.

Startup Ireland Survey 2015

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Job GrowthIn the U.S. (2015)

Take a LookWhere the JobsWere Created

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Corporations will soon start to embrace the shift towards social workplaces. 3

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Because TINA (there is no alternative)…

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Talents want a new workplace model

Source:Future of Work Report 2015World Economic Forum

In most markets, work/life balance comes before career progression when evaluating job opportunitiesrelative degree of importance (excluding salaries)Good work/life balance 16.8

Opportunities to progress/be leaders

13.4

Flexibility i.e., remote working, flexible hours 11.0

Sense of meaning from my work 9.3

Professional development training programs 8.3

The impact it has on society 6.8

The quality of its products/services 6.4

Strong sense of purpose

6.2

Opportunities for international travel

5.9

Fast growing/dynamic 4.4

A leading company that people admire 4.3

Invests in and uses the latest technology 4.1

The reputation of its leaders 3.1

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Almost half of the corporate world isconsidering shared workspaces as an option

Source:Americas Employer Survey 2015/2016CBRE

What CRE Executives Need Most

CONNECTIVITY

PARTNERSHIPSFLEXIBILITY

See connectivity to partners, suppliers and related organizations as critical to the workplace

Have internal teams comprised of 10 or fewer CRE management professionals

Are using or considering shared workspaces

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In 2014,

flexible workplace accounted for an estimated 8% of the global office take up.

Source:How you work, Report 2015DTZ

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It’s unclear where the model will first move to...

Source:JLL, Top 10 Global Trends for 2016

Internal Collaboration

CoworkingMemberships

External Coworking Space

Internal Coworking Space

Internal Coworking for employees only

External CoworkingMemberships for employees only

Collaboration space for employees shared with external organizations / individuals in an external coworking environment

Internal coworking space open to organizations / individuals

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To use on-demand third places facilities ?

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Creating corporate

incubators?

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Source:Hubud, Bali.http://double-barrelledtravel.com

Setting up corporate satellite offices ?

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What is for sure is that the overall CORPORATE CULTUREis about to change.

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The male Alpha type of management is over.

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We are moving toward A NEW LEADERSHIP MODEL

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Modern managers will become facilitators

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And companies become communities...

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Does this sound familiar ?

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Those are the key principles of coworking …

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Community management = the new management

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At the age of the fourth industrial revolution, the function of the workplace has change

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So, this is just the beginning…

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The flexible workplace isn’t the all story.

The SOCIAL WORKPLACE will become the norm.

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We knew the value isn’t (only) in the provision of hardware (chairs, table, technology, facility...)

Pic:Duke Studio

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It’s about people…

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It’s about interaction with peers, well-being,learning, community, values, productivity...

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New kind of services…

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Provide with support and trainings

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Entertain

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Geremia Design LuminosityPhotography: Matthew Millman

Be part of a club

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Put in touch with other communities and resources

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Visit the website : www.socialworkplaces.com

The value proposition of the social workplace is about making people and businesses better...