CO-WORKING= HIGHER PRODUCTIVITY, HIGHER SUCCESS

This blog was originally written in our official blog

There was a time when entrepreneurs, consultants, freelancers, small businesses etc. had to deal with inefficient work environment at their homes or local coffee shops, baristas or Starbucks. No wonder they bless the concept of co-working ever since it came into existence some years back. A step ahead of traditional working centers, with the introduction of co-working spaces people have found a new spaces and ways to work; exploring their creativity. The growth and popularity of sharing and flexible work models like co-working is an integral indicator of cultural shift that is taking place. The coworking culture might not be mainstream right now in Indian ecosystem but in the coming years, this is the future of work.

Image: innov.work

Sahil and Pooja, who runs a technology portal to barter valuable items against other valuable items, swears by co-working and the opportunities they get by working in coworking space like Innov8 at the heart of the city. In fact, they started their journey in a co-working center itself.

When people started looking co-working in spaces around the city, they realized that different centers had different cultures of co-working, which is also a major criteria to make a selection. As a foreigner to each co-working space, choosing the most active community was a challenge for every beginner.

“Co-working is not about the location and facilities, but the community and the bond you form with each coworkers”. A place where people are like-minded, interactive, knowledgeable and cooperative. Sometimes, your company serves the basis to decide what place to go for.

Image: innov.work
  • A statistics states that around 64% of people are capable of doing their tasks more efficiently and effectively and on time and more than 90% of them are satisfied with their quality of work. And there is no ambiguity to these facts, and hence could be easily derived to.
  • The average co-working spaces has 30% more members than 2 years ago from now.
  • The biggest co-working centers by members (on an average) are located in Asia.
  • In 2015–16, 73% of people work at a co-working space, 3 times a week or more often 44% come every day in comparison to 51% in 2013–2014.

Hence, the growth of co-working spaces can be even more clearly understood by the graph.

The growth graph of co-working spaces

Image: innov.work
Image: innov.work

Moreover, the co-working spaces grew by 36% within last 12 months.

  • Higher productivity

It’s a basic human tendency that they are likely to perform in accordance to the environment they work in. Co-working spaces provide with a working ambiance which enables higher working efficiency. Now people are more competitive, they perform when they see others performing. According to the latest survey’s it is revealed that most co-workers report an increase in productivity and work quality.

Image: innov.work
  • A better or rather more spacious work place

Usually homes and cafes fall short of space and environment that we require to work. These obstruct our working efficiency and quality too. Unlike homes and cafes, co-working spaces allows us to expand working space and utilize that space in a productive manner. Many such spaces also provide with amenities like desktop, printers, 24*7 free coffee services, special furniture etc. All these collectively help in enhancing the creativity and quality to work.

Image: innov.work
  • Reason for coffee cafe failure

The biggest reason for coffee cafe not preferred for working was the unavailability of power, poor internet access, continuous and ongoing crowd. On the contrary, co-working perfectly fulfils all these hindrances suitably and adds to the productivity. Co-working spaces provide a collaborative, interactive and a motivating ambience to work.

Image: innov.work
  • Workspace setup

Usually the coffee cafes and other outdoor premises do not ensure us with any security for any of our belongings. Moreover, working at homes might get us indulged in some or the other activities. When we choose to work at co-working space, it assures the security of our belongings and committed workstation to carry our work effortlessly.

  • Better networking

Co-working allows better networking with the other co-workers. While working at such places, people make optimum utilization of the opportunity of working with other co-workers and henceforth making the interaction beneficial for both the parties.

Image: innov.work

Researchers say that the second most common reason people join co-working spaces is because their companies pay for them to be there, which means that they know the value and importance of co-working spaces. They are familiar with the fact that how co-working helps in striving for high efficiency. This shows that companies and the clients of freelancers see the value of providing their workers with dedicated space. It saves them money on office space while ensuring better productivity and work quality.

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