Future of Work: Why Businesses Should Focus On a Flexible Work Model

Jay Kulkarni talks about how the future of work has changed due to the pandemic and how companies can embrace the road ahead.

In 2021, the traditional business model seismically upended itself. This year, successful leaders embraced the changes and innovated, but is this just the beginning? In this article, Jay Kulkarni, founder and CEO, Theorem, explores the evolving business ecosystem and why companies should focus on a flexible work model.

As we look ahead, business leaders to entry-level employees are questioning what the future of work will look like. Businesses are exploring the idea of a “flexible” working model, questioning how the business ecosystem is evolving, and unpacking what it really means for the future of business.

In a pre-pandemic world, HR and people operations were the departments that set company morale and culture. Now, in a post-pandemic world, it is a combined effort across the entire organization, especially in the quest to help prevent burnout.

Understanding How the Business Ecosystem Is Evolving

To understand the future of work, we must reflect on the past year and why there is a need for change. In 2020, employers and employees were forced into a remote work model seemingly overnight, which brought new challenges to workflow and communication, both internally and externally. Concepts such as ‘Zoom fatigue’ and ‘screen burnout’ emerged as leaders struggled to keep business afloat, all while maintaining high levels of company morale and culture.

There is a growing need to combat this sense of ‘digital fatigue.’ Now is the time for business leaders to review their internal resources and ensure that they are leveraging their team members’ expertise appropriately while also accounting for bandwidth and acknowledging the growing need to build a culture that encourages work-life balance.

At the height of the pandemic, when everyone was forced overnight into remote work cultures, employees started wearing multiple hats and performing in different roles. You had to be your own IT person, in some cases; if you were more junior on a team, you had to take more ownership of your assignments; you had to over-communicate and manage up in ways you may not have before. You may have even had to take on creative work or help across departments at a time when budgets were strapped thin, and the company could no longer rely on certain outside resources.

While these practices were sustainable in dire times, are they moving forward? Should business leaders continue to spread their organization thin simply because they know now that they technically could? What is the way of the future?

Why a “Flexible” Working Model Is the Way Forward

The “future of work” has been a topic long debated by business leaders across the globe, but does it still mean the same thing in a post-pandemic era? Not exactly. Now, the conversation is evolving to focus on flexibility. Simply put, the future of business can no longer afford to be siloed to an internal corporate team.

Businesses must build a strong ecosystem that can help guide their way forward. If the COVID-19 pandemic has taught us anything, it is that change is the only constant. A flexible working model is one thing that can ebb and flow, as do a company’s business objectives. It’s built around core benchmarks and parameters, but it’s easily adaptable.

According to ForbesOpens a new window , immediately take action. They’ll implement plans to attract and retain talent. The companies that prioritize their employees and do everything in their power to make them happy and motivated will be the winners in this new upcoming era.

What Does This Mean for the Future of Business?

As you explore what the flexible future of work means for your organization, it is important to focus on not only what keeps your business successful but what works for your employees. As each department and personnel have a different method of working and being successful at their job, it is important to realize that what worked for them yesterday won’t necessarily work for them tomorrow. Making sure you are agile in the way your employees work is crucial in the flexible future of work.

Businesses are now at the mercy of their employees. With a job market that is currently ‘booming’, businesses must understand that employees have options. The working American is re-evaluating their priorities. What is it that makes employees stay at a company? How can business leaders keep their employees and keep them happy?

Organizations need to learn how to quickly adapt to the flexible work model, focus on organizational culture and learn that flexibility across all departments and personnel is essential for the future of work.

The key to success is making sure that flexibility is always accounted for in every decision that is made. To keep an organization, employees and clients satisfied, the conversation around the ‘future of work’ should be prioritized around flexibility

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    Meto is a tech-based nonprofit intent on making access to quality higher education a reality for all students. We have a special focus on creating scholarships for low-income students.

    In 2018, Meto was founded to connect African students with university opportunities. Along the way, we have learned that all students can benefit from our innovative model, wherein universities make the first move and invite good-fit students to apply. So, in 2023, we opened our platform to students across the globe.

    website: https://meto-intl.org/

              Nikhil Badlani Foundation

              The Mission of the Nikhil Badlani Foundation (the “Foundation”) is to enhance the lives of underserved children in West Orange, NJ and neighboring communities through music lessons, scholarships, and traffic safety education for all.

              Since the Foundation was established in 2011, Theorem has consistently been an annual sponsor of and team participant in the STOP for Nikhil 5K Run/3K Walk. This event intends to raise traffic safety awareness and to serve as a way to remembervbgfc ≈ and honor those who have been killed or seriously injured in traffic accidents. We recognize the importance of raising awareness and road safety amongst teenagers and parents alike, especially in the local communities of our Chatham, New Jersey office. Learn more about the Nikhil Badlani Foundation at nikhilbadlanifoundation.org

              Diversity and Inclusion

              Theorem actively aids in the ongoing fight against systemic racism and discrimination, realizing the importance of ongoing discussions surrounding diversity and inclusion.

              By contributing to organizations such as Black Girls Code and the Anti-Racism fund, we aim to be a fundamental supporter of diversity in the workplace and beyond. These organizations specifically speak to Theorem’s role as a leading voice in the technology innovation space and we avidly support their missions. The vision of Black Girls Code is to empower girls of color, ages 7-17 to become innovators in STEM fields and encourages them to be the builders of their own futures. The Anti-Racism Fund serves as a response to the inequities experienced by the African-American community. It provides monetary support to a dynamic portfolio of curated organizations as a way to inject and enable social change.

              Feeding America

              Feeding America is the largest charity working to end hunger in the United States. By partnering with local food banks, food pantries and other community food programs, Feeding America looks to advance change across the country and ensure equitable access to nutritious food.

              As a long-standing contributor and sponsor of Feeding America, we deeply believe in their vision of an America without hunger. The need for and importance of organizations like Feeding America has has become more and more prevalent as communities face more hardships as a result of the pandemic and the current economy. Theorem is dedicated to its continued contributions to Feeding America to do our part to empower and strengthen our communities. Learn more about Feeding America at www.feedingamerica.org

              Grameen America

              Grameen America is dedicated to helping entrepreneurial women who live in poverty build businesses to enable financial stability mobility.

              Since their founding in the United States in 2008, Theorem has supported Grameen America’s mission, which seeks to build upon the legacy of Presidential Medal of Freedom, Congressional Gold Medal and Nobel Peace Prize winner Muhammad Yunus. Through financial contributions and event participation, Theorem has contributed to Grameen America’s cause. As an immigrant entrepreneur himself, our CEO Jay Kulkarni is especially eager to support the organization’s mission of aiding underserved communities. Learn more about Grameen America at www.grameenamerica.org

              Vision Spring

              VisionSpring is making the wonder of clear vision possible for all by helping provide affordable and quality eyeglasses to those in need. For many, lack of access to affordable eyeglasses leads to loss of employment or less educational opportunities.

              VisionSpring partners with organizations who join them in their mission of supporting livelihood initiatives, enhancing potential for all. Learn more about Vision Spring at https://visionspring.org Theorem has consistently partnered with VisionSpring to organize free events, such as eye check-ups, across multiple villages in the Mysuru, India region, impacting over 3,000 rural residents. We stand with VisionSpring in their mission to increase accessibility to quality eyewear and eye care.

              Covenant House

              Covenant House provides housing and supportive services to youth facing homelessness, helping young people transform their lives.

              For more than 5+ years, Theorem has supported Covenant House with corporate sponsorships, leading career-building workshops at their Newark, NJ shelter facility and participation in the organization’s fund raising Sleep Outs. Covenant House utilizes these Sleep Outs to raise funds and help shine a light on the injustice of youth homelessness, inspiring communities to step up and protect the vulnerable. We are proud to support Covenant House’s programs, which are designed to empower young people to overcome and rise above adversity, today and in the future. Learn more about Covenant House at www.covenanthouse.org

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