While the traditional office setup is still the go-to choice for many companies, high-quality co-working spaces and the flexible workspace industry itself is changing the way companies approach work. In fact, there are many multinationals like Apple, Facebook and Samsung are doing away with the normal offices and moving into flexible workspaces.
Such workspaces have proven to increase productivity at a reasonable rate, making it an attractive option for both start-ups and corporates like, but what exactly is the secret that makes co-working spaces so good at increasing employee output?
Co-working spaces or shared office spaces have greatly improved workers’ satisfaction. According to studies conducted by Harvard and Oxford, a total of 89% of isolated employees are reported to be happier since joining a co-working space, which significantly improves their contributions to the workplace.
This increase in productivity is not limited to remote employees alone, as workers in traditional offices also thrive after shifting to co-working spaces, with an average nearing 6 on a 7-point scale.
Flexible office spaces can also boost efficiency through quick turnaround times at cheaper rates.
Co-working spaces are plug-and-play office solutions, giving freelancers the flexibility to move in quickly and with little to no hassle. This is especially important for companies with ongoing projects, as the quick and transition will help to stay on top of the deliverables.
Moving into a co-working space takes about as long as a day. Common offices however, could take weeks or even months, depending on the size of the company.
A typical co-working space is more cost-efficient than a leased traditional office space. Co-working rates are flexible, allowing businesses to pay on a daily or a monthly basis. On the flipside, conventional office rentals have fixed rates that must be paid every month.
While some companies need built-to-suit office solutions for their needs, businesses that need an instant office are better off choosing a co-working space.
With so many different companies and businesses interacting with each other, there are plenty of networking opportunities await those in the co-working space. In a survey conducted, 82% of employees reported that coworking has expanded their business networks.
Even people working out of a private office in a co-working space enjoy better networking. Big brands located in co-working spaces often networking with start-ups and other corporations, extend invites to events and functions that can also be hosted inside the co-working space.
Room to grow
Co-working spaces are a blend of both aesthetics and productivity. Inside a co-working space, people have the freedom to work from anywhere or can blow off some steam in the break room. These spaces also give the option to have a solid brainstorming session and provide spaces to help in getting the work done.
Companies like WorkEz provide businesses with customized workspaces and built-to-spec offices, based on the needs and requirements of the business. Regardless of whether it is a private office or a dedicated space, at WorkEz, businesses have access to a high-energy space to work in.