In a time and age where people are trying their best to defy the pre-established notions and set themselves free from all sorts of restrictions, it shouldn’t be very difficult for you to guess that co-working spaces are a major hit and the ultimate game-changer in the corporate domain. For years, co-working spaces have been looked up as a suitable recourse for employees who either work independently such as freelancers or remotely as an integral part of tech startups.
However, owing to the virtues of convenience, comfort, flexibility and great opportunities for networking provided by co-working spaces, more and more influential companies are now turning to them to render their employees with the much needed work-life balance. In fact, if statistics are to be believed, the estimated market value of flexible work-spaces will rise to a whopping $26 billion by the next year. Furthermore, reports have also stated that the number of companies encouraging their workers to operate from table spaces in co-working offices is increasing by the day mainly because around 73% of the existing businesses believe that the open spatial setup of these buildings enhances productivity and perks up the mood of the professionals.
To help you understand the scenario better, in the section down below, we will be noting down the primary reasons that are prompting large companies to rely on co-working spaces.
The biggest advantage of working from co-working spaces, even if it is for a multinational company that has its own headquarters, is the community atmosphere. Most professionals who work in enterprises often voice their dissatisfaction with the traditional, cubicle setting of the office because they believe that this way, it is harder for them to focus and maintain a healthy level of competition with their peers.
Co-working spaces let individuals pursuing similar goals to work together and assist each other in achieving their targets. A little shift from the regular hassle can push the workers to put in their best efforts and resultantly, be open to the idea of signing up for risks that can benefit the company and surge the overall efficacy.
Geographical expansion of the companies
When a company has employees working from different co-working spaces across the country, it automatically implies that it is somehow expanding in a new geographical location, even if not literally. Furthermore, it furnishes the organizations with the scope of collaborating with the appointed staff of the co-working spaces and arranging interviews for candidates who cannot pay a visit to their headquarters within a short span. Imagine the time these otherwise long commutes would save on both the company’s and potential employee’s part!
As most shared office spaces aren’t bound under rigid contracts, they can be capitalized on boardrooms for conducting urgent meetings or recruiting new members. Furthermore, these tech-savvy office spaces will allow you to conduct video conferences with workers from anywhere around the world thus,
promoting inclusiveness and prompting employees to pitch in their valuable opinions regardless of their geographical location.
No matter how big a company is, nobody wants to miss out on the chance of cutting down the costs wherever they can. Co-working office spaces do not call for overhead and maintenance costs which, could be, therefore, invested for the betterment of other areas. Moreover, if the company opts for monthly leases, it can lower the additional expenses associated with day-to-day office management.