What The Future Holds For Co-Working Models — 2022
The lockdown led to a massive disruption in the lives of people. When going to the office wasn’t an option, companies resorted to a Work from Home model. Initially, it was convenient and people embraced the freelance mentality but soon it led to ‘WFH fatigue’.
This led to a sudden shift towards the co-working model.
Coworking space provides various advantages. They were often buzzing with individuals from all backgrounds, all working in the same area. With the ‘Walk to work’ and ‘Drive to work’ model, things are getting a lot easier for people. Apart from being fantastic locations to build connections and establish contacts, co-working spaces have cost benefits and flexibility for employees.
Before the pandemic, it was mostly freelancers and start-ups who chose co-working options but after 2020, studies show that big MNCs and corporations show an inclination toward the co-working model.
Co-working spaces have really come through by providing interaction, simulation, and inspiration for people who got tired of working in their homes.
In the past two years, the pandemic has led to a major change in the entire co-working ecosystem. From encouraging real estate developers to join hands with co-working aggregators to MNCs looking for co-working options in the hope to enhance employee productivity.
Corporations are adopting various flexible models such as the hybrid model in which the employee goes to the office only half a week or so. This enables flexibility and lets the creative energy flow.
According to a few online reports, many Fortune 500 companies are planning to expand through co-working spaces. From 2017–to 2019, the co-working industry grew rapidly with its stock growing by 2.3 times in 2019 as compared to 2017. Even though these co-working spaces faced a setback in 2020 due to the pandemic, the comeback is bigger than ever. The reason why big corporations are choosing to opt for co-working spaces is that they’re flexible, have zero operational cost, and hassle-free expansion.
Reports have shown an immense shift in the coworking model requirements in tier 2 and tier 3 cities after the pandemic. Now it isn’t just tier-1 cities’ employees looking for a co-working-based scenario. It has been found that coworking increases productivity as well as creativity.
But there’s one setback. It’s difficult to manage employees when they’re scattered in many places. This can lead to employee isolation and disconnection.
At Stylework, a leading co-working aggregator, we’ve developed a corporate model which enables the employer to assign & track employees and where they’re working. Think of the Hub and Spoke model. As the name suggests, it’s a distribution model that looks like the spherical shape of a wheel. The hub is located in the center of a wire-spoked wheel. This hub permits each spoke, which is spread out in all directions around the wheel, to come together at a single place in the wheel’s center.
Similarly, a corporation, that is, the hub, must be connected to the employees, in this case, the spokes. This is to enable proper communication between the management and the employees.
The Corporate Admin Panel by Stylework enables this kind of communication. This model has features such as attendance, choosing the co-working space, and more. Along with that, it enables the employee to pick their co-working station of choice. What could get better than that!
At Stylework, we take conventional workspace to a whole new level. Our aim is to make co-working accessible and convenient to all. With over 2500+ stations, our motto is ‘Walk to work’. After all, it’s way more than a desk!!!