How this athleisure brand saved 40% on its office costs and 100% on its bandwidth with myHQ’s unique corporate plan?
Overview
There is no one true definition of the Hybrid work model, but there is definitely one true workspace solution when it comes to accommodating them all-The myHQ Team Flexi plan. Cava Athleisure, a young athleisure brand was experiencing rapid growth and was transitioning out of their warehouse incubator.
After the constant to & fro with brokers who presented either excessively expensive or subpar alternatives, Cava Athleisure found respite in myHQ’s unique Team Flexi Pass. Let’s delve into how it unfolded and why?
Challenges
Overhead costs
Preference for a pay per visit model to avoid the financial burdens of a permanent office set-up
Productivity losses
Result of long commuting from different parts of Bangalore, a city notorious for its traffic
Need for Inspiring workspaces
Need of Inspiring workspaces to echo the identity of the brand & team
Solution – The Team Flexi Pass
Recognizing the unique requirements of Cava Athleisure, we offered them our one of a kind workspace solution for corporates where employees can book company approved workspaces pan-India seamlessly with a single app.
Its a one-of-a-kind flexible package. If you purchase a package from a specific office space it restricts its usage solely to that space. With myHQ you can access any coworking space across the city. This gives us utmost flexibility and is almost 40% cheaper
Shruti Mittal, Chief Advisor, Cava Athleisur
The Plan Included
Access to the best coworking centers
The Cava team could access over 50 coworking centers across Bangalore, these included the most premium spaces like WeWork, and Cowrks, in the most premium locations.
A hassle-free plan
Employees were relieved of reimbursement procedures and paperwork. The employer would purchase a fixed visits plan and allocate them as needed. Employees could utilize these visits at their convenience.
High Visibility
Through a single dashboard, the employer can track the bookings, and timings, and maintain the kind of trust required for the success of a hybrid model.
The Twist
Shruti Mittal, the Chief Advisor at Cava Athleisure and incubent to find the right workspace, chanced upon myHQ through a Google search.
Full credits to myHQ. I had 100 questions, and they were very patient. All I did was fill a form and they showed me multiple options. As opposed to the brokers who would show me out-of-my-budget options, or really substandard spaces in the budget I had.
Shruti Mittal, Chief Advisor, Cava Athleisure
Cost saving
The Team Flexi Pass enabled the Cava Athleisure team to save costs by 40%
Unparalleled flexibility
The team could work out different spaces depending on the nature of work – both as an individual and as a team to brainstorm collectively and maximize productivity
Flexibility in payments
The team only paid for the services and spaces used by their team, eliminating wastage and unnecessary expenses that comes with a regular office
Enhanced Collaboration and Networking
Cava Athleisure leveraged opportunities for collaboration and networking at myHQ centers. They’ve partnered with other professionals and expanded their business network to fuel their community building initiatives
The Result
Since we have a hybrid model, some employees come some day, some the other. With the myHQ Team Flexi Pass, I eliminate any unnecessary expenditure. I pay for the dates the team uses the office and the number of seats the team uses. There’s no spillage.
Shruti Mittal, Chief Advisor, Cava Athleisure
Conclusion
myHQ’s Team Flexi Pass proved instrumental in addressing the unique challenges faced by Cava Athleisure. By providing a flexible and cost-effective workspace solution, myHQ empowered the team to focus on their core competencies and contributed to its overall growth and success.
We’re thrilled to have helped Cava Athleisure find the perfect workspace solution for them.
If you’re looking for one