The coworking industry has seen a steady rise in popularity and is well on the way to change how a traditional workspace looks like. Some contributing factors to their growth would be their expansive geographical footprint, affordability and the flexibility. Shared office spaces allow businesses and organizations to cut down on certain expenses, they also provide a unique environment to help increase productivity from the employees.
There have also been a number of workforce trends that have helped to fuel the growth of coworking spaces. Some of them are:
Increasing demand for tech-enabled workspaces
The present-day workforce prefers to work in a tech-enabled workspace to help them maximize their productivity. Coworking spaces in general are known for having the best tech support, along with advanced security devices, high speed internet and IoT-centric conference rooms. All these points help businesses to reduce their energy wastage, all the while providing employees an environment to help them work effectively without the risk of any tech failure.
Flexible workspaces
A traditional workspace has a pre-determined layout and some amenities. This is not in keeping with the needs of the modern workforce. Coworking spaces let businesses customize their spaces according to their needs and wants. This degree of flexibility in workspace design helps employees work in an environment that is most suited with their requirements. This then creates a greater sense of belonging in the employees and helps them to work in a space they are comfortable.
Office amenities
A typical employee spends somewhere between 7-10 hours a day at work. They need to work in a space that offers them amenities to help create a work-life balance. Coworking spaces have an assortment of amenities which include gyms, breakout zones, creche, sleeping pods and sports arena. This helps to give the employees enough space and flexibility to decide when they can work and when they can rest.
Employee engagement events
Another trend that has made coworking spaces famous is they have events and workshops organized to help keep their clients and employees engaged and motivated. These events will help to bring people together and helps them to connect, collaborate and have some fun. Coworking events vary from upskilling workshops to grooming sessions and many more in-between. These gatherings are what provide additional motivation and satisfaction to the employees.
Work near home not work from home
According to a study conducted by Harvard, three-fourths of the working class prefer living close to their workplaces, since it helps make the commute shorter and helps to save a lot of time. This so called ‘work near home’ phenomenon has caused organization to seek out coworking spaces as they are both technologically equipped and have the necessary infrastructure to maximize productivity.
Although employees prefer coworking spaces because of the chance to network, companies opt for coworking spaces as it provides them infrastructure and cuts down on costs. Whatever the motivation may be, it is safe to say that coworking spaces are the next step for office spaces.
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