In the last decade, the panorama of professional innovation has changed radically. Professionals are more independent, adaptable and result-oriented and hence always on a lookout for alternative working options to break free from the mundane nine-to-five shift. There can be several factors that could be attributed to this changing nature of work in the present times. Of these communication and technology breakthroughs such as the Internet and mobile technologies are the real game changers that enabled work to be accomplished beyond time and space. Work can no longer be restricted to a desk.

The traditional nine-to-five work culture also takes a toll on the work-life balance of the employees. This form of work practices is inefficient and outdated, in the context of both, time and energy. Companies have begun to make the transition from the traditional workspaces to modern styles of working. Embracing these new working patterns, on the other hand, has helped companies to cut-down costs as well as attracts and retain talented professionals in their team.

The Millennial and Gen Y prefer to work remotely and this trend is really catching up. A recent survey revealed that over 91% millennial states that working remotely helps to enhance their productivity. For them, the traditional 9-5 structure is undesirable, restrictive and particularly distracting. This new generation of workers prefers flexible working policies that allow them to choose their team, when and where to work. Team members can communicate effectively and collaborate with each other, no matter where they are.

In this post, we discuss some of the modern styles of working that are quite in trend.

Co-Working

Co-working enables two professionals to work in partnership to accomplish a job. This form of working gives professionals ample time to cater to their personal needs while fulfilling their jobs productively. They no longer need to leave their job completely for personal obligations. Businesses, in this style of modern working also benefit with the skills of two different professionals to get the job done. Co-working is soon becoming the norm for several corporations across the globe.

INTRAPRENEURS

Intrapreneurs is a relatively new concept that is picking up too fast. Intrapreneurs are professionals who possess the skills of an entrepreneur but are attached to any corporate entity. They are commonly referred to as ‘Internal Entrepreneurs’. Even established companies are on a watch out for such professionals to initiate an innovation, take risks and make it big. Intrapreneurs have the freedom to follow their entrepreneurial skills while employing the resources of the organization. However being an intrapreneur is a lot of practice and hard work.

Solopreneurship

Solopreneurs are individuals who run their own business. These individuals had the courage to defy the traditional working culture and followed their dreams to make it big in life. Solopreneurs manage all the business affairs single-handedly and do not have employees working under them. They, however, hire contractors on an ad hoc basis. Solopreneurs are their own boss and many professionals are jumping onto this solopreneurship bandwagon.

Freelancing

The advent of digital age has witnessed a phenomenal rise of freelancers in almost all sectors of a business. Current statistics reveal that nearly over 50% of the jobs created in businesses is freelancing. Millennials are particularly interested in freelancing as it enables them to generate passive income source while building multiple income forms simultaneously. In a freelancing career, professionals now just need the right skillset and they can conveniently enjoy the freedom of working anywhere and anytime. In India, freelancing is still in its nascent stage, as compared to countries like USA and UK. Yet, with rapid urbanization and development in the country, freelancing will emerge to become the most sought-after modern styles of working that offers freedom, flexibility and good income.

Digital Nomads

Digitalization has completely changed our personal and professional lives. The rise of digital nomads also can be attributed to the same. Restricted office timings and space no longer find acceptance among this new generation of workers. Digital nomads are professionals who work to earn a living, yet live their lives in a nomadic manner. They work remotely while travelling around the world. Digital nomads support themselves through freelancing or project-based work, doing all this while fulfilling their dream of exploring the world at their leisure.

These remote working trends are all about balancing your freedom with fulfilling work commitments and deadlines. Recent stats have shown that this flexibility in work hours has proven to boost employee engagement while subsequently lowering their stress levels.

In the coming future, remote working is only going to be more convenient and easier. Will the physical offices disappear completely? Well, nothing can be ascertained yet, but the changes due to these modern styles of working are definitely positive.