Co-located company

Co-location refers to the practice of having a workforce operate from a single physical location, typically an office or workspace. Co-location involves a workforce operating from a single physical location, promoting face-to-face interaction and collaboration. While co-located companies may have limitations in talent acquisition and market reach compared to remote and distributed companies, they benefit from direct in-person communication among team members.

Definition: Co-location means that a company's workforce performs their duties on-site, typically from a centralized office space. Characteristics:

• All or most team members work together in person from the same physical location.

• Face-to-face communication and collaboration are common.

• Limited by the physical location in terms of talent acquisition and market reach. Example: Traditional companies with all employees working from a central office are considered co-located companies.

Definition: A co-located team consists of all or most team members working together in person from the same workspace.

• Characteristics:

  • Team members collaborate face-to-face and share a common physical workspace.

  • Some co-located teams may have satellite workers or multi-site teams, but the majority work from a single location. Example: A marketing team working together in the same office space is a co-located team.

Flexibility and Coverage:

• Co-located companies are restricted to a single physical location, limiting their access to talent pools and markets.

• Remote and distributed companies have teams spread across multiple locations and geographies, allowing for greater flexibility and access to global talent.

• Co-located companies rely on face-to-face communication and collaboration.

• Remote and distributed teams use technology for both synchronous (e.g., video conferencing) and asynchronous (e.g., instant messaging) communication and collaboration.