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Rise Glossary

What is a Co-Located Company?

A co-located company refers to a company where all of its employees work in the same physical location. This is in contrast to a distributed company, where employees are located in different office spaces or work remotely.

Co-located companies typically have a central office or headquarters where most or all of the employees work. This can provide a sense of community and collaboration among employees, as well as a central location for decision-making and company-wide events. Co-located companies can be beneficial for face-to-face communication and collaboration, as well as fostering a sense of team spirit and culture. However, it also has some drawbacks, such as higher overhead costs, limitations in terms of hiring employees from different geographical areas, and difficulties in promoting work-life balance, since employees may have to commute long distances.

In recent years, with the advancement of technology, remote work has become more prevalent. Many companies are now adopting hybrid models of working, which allows employees to work remotely some days of the week and be present in the office on other days, depending on the company and the job nature.