The cost of office space is rising. Globalization has created a 24-hour business cycle at the same time work-life balance tops the list of employee demands. These factors now govern the way modern businesses think about their workplaces. To remain competitive and successful, companies need to cultivate a workplace that supports these trends. Or, they can recognize coworking benefits and leave the struggle of workspace optimization to someone else.
Many companies are exploring the benefits of coworking and are seeing the broad-ranging possibilities of transitioning employees to remote workspaces. Coworking not only brings much-needed flexibility to the physical challenges of office space but also to how employees do work.
Most coworking space benefits are obvious, but some are more tangential. Take a look at why smart companies are transitioning employees to remote worksites and buying coworking memberships:Cost: Match up the monthly cost of a commercial lease against the average seat cost at a coworking space and the numbers speak for themselves. Paired with better utilization of existing space and coworking becomes even more cost-effective.
1. Flexibility: Employees can more easily acclimate themselves easier to non-traditional work schedules outside the office. Coworking spaces provide the structure of a typical workplace without the rigidity of traditional hours.
2. Network: Businesses rely on partnerships. Coworking spaces offer exposure to professionals from all walks of life. They can share skills, resources, and business opportunities. Not only is this advantageous to employees, but it’s also a boon for their business if new affiliations lead to partnerships.
3. Productivity: Letting employees work on their own time, in their own way, is key in unlocking their fullest productivity potential. Just be sure to set clear standards and goals, leaving the path to them open to interpretation. Remote workers will gravitate to coworking spaces as the place where they can focus on work
4. Comfort: Comfort is central to coworking, not only in the physical sense but cognitively as well. Well-furnished spaces with unique ambiance put workers at ease, while lack of inter-office politicking and forced participation relax the mind. Coworking delivers the peace needed to focus on the work.
There are also coworking benefits around talent attraction and employee satisfaction. Employees who are happy with their freedom and contributions have a higher opinion of their employer and career. This happiness attracts other skilled professionals and fosters a positive company culture—all without ever stepping foot in a traditional office.
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