The advantages of coworking have been widely documented. However, research conducted by the Harvard Business Review unveiled some intriguing new information about coworking spaces and how they play an significant roles in boosting confidence of professionals.
Coworking has become something of the latest buzzword and a plethora of articles appearing which list the popular benefits. We’ve even covered them in discussions about whether flexible workplaces are here to stay. It’s a fact that they are.
Since the opening of the first coworking space in 2005, a multitude of coworking spaces have been created across the globe and the forecast is to exceed 41,000 coworking facilities by 2024 according to Statista. Since this trend is not decreasing, it’s time to look at the study and go over the advantages that are driving the demand for coworking space.
There are numerous benefits to coworking spaces including post- and prior-pandemic which business managers and owners are aware of. Along with the obvious advantages coworking is able to alter the way you’re perceived by those both inside and outside of your company. According to the Harvard Business Review (HBR) states that coworking can change the way you — and your employees see your work.
The study revealed that flexible workspaces hold the ability to alter your professional appearance to your advantage. For some, this may seem a bit odd, particularly those who believe that a workspace is just a space , and the desk is only the desk. However, coworking provides a space that goes beyond the four walls — or lack of.
The HBR study which was conducted at the beginning of 2017 to the close of 2018, revealed:
“At the most basic level coworking is a type of service that facilitates having access to and using a workspace. However, it’s an e-commerce product that fosters a sense belonging to the members.”
A coworking space Finsbury Park can be beneficial:
1. Improving the quality of clients’ experiences and increasing their relevancy
According to the Harvard Business Review reported that “coworking spaces allow new businesses to create a positive impression with prospective clients”. One respondent even moved to WeWork to revamp her brand’s image and show to clients that she was open to changing.
A different respondent also said that coworking spaces can be a great method of looking “energetic and futuristic instead of boring and stagnant within the present”.
2. Increasing legitimacy for startups
One of the most significant advantages coworking spaces offer startups is the ability to provide entrepreneurs with a real business address in a desirable location — without the cost that is associated with a urban-centre office. The prestige of having a postcode in a business district instead of a residence address, gives a feeling that of “pride as well as confidence”.
“Coworking places give employees an impression of professionalism and legitimacy that traditional remote working doesn’t” according to the study. Work from an actual office, not an open kitchen table, instantly confers credibility and credibility to your clients, and gives them an impression of “a serious employee”.
3. Feeling valued by employees
Since you’ll be paying for every desk space you use that’s effectively paying for your employees to be part of the coworking area. In addition, with the amenities and perks offered by these kinds of spaces your employees are sure to feel appreciated and confident that their needs are being considered seriously.
According to the poll, a respondent who works within a satellite location that is outside of the company’s headquarters and explained: “We’re a bit of an outpost. But, we know that this means we’re significant and worthy of the money they’re paying to keep us in a workplace.”
4. Enhancing productivity
Many workers chose to shift to freelance work when the pandemic hit. People Per Hour reporting a huge 1.5 million new freelancers who registered to the platform as of March of 2020, at the time that the pandemic struck. While it’s feasible to work at the comfort of your home, it is not without numerous distracting factors. The blurred lines between work and private life can get worse as it’s much easier to complete a handful of tasks that are essential to your daily routine for example, such as doing laundry while working.
The move to an office is, however, a way to free yourself from the distractions of your home and allows you to concentrate entirely on your work. Coworking spaces are created to maximize productivity and are able to accommodate a variety of working styles and providing various designs, desks or meeting areas that can be adapted to the needs of anyone who works.
5. Flexible work options
Instead of a rigid work schedule that demands all employees to work at certain time slots coworking spaces promote the flexibility of. It means that businesses can begin and finish their work on an hour that is suitable for their employees and themselves most. If you’re an entrepreneur who requires only a meeting space and desk for just a couple of hours and you’re looking for offices that are flexible to arrange for the day whenever you require.
6. Opportunities to network
Through the very nature of coworking spaces, freelancers, entrepreneurs and business owners work in close proximity, which makes networking very easy and creating a possibility of having a talent pool for you to select from. If you’re in the same field or not, you’ll can gain knowledge from other colleagues. You might meet the graphic designer freelance you require for your business while enjoying your morning cup of coffee. Coworking spaces are likely to organize events across the building which makes it easier to connect with the people who work alongside you.
7. Access to shared facilities
As mentioned previously coworking spaces usually provide events for all clients. In addition to this, it’s highly likely that your workplace will be provided with services. That means that the office includes amenities like furniture, WiFi, and subsidised food and drinks for employees and employees to take advantage of. It’s not your responsibility to the office amenities that your employees expect, and you’ll be able to allocate your money to other areas in your enterprise.
8. A sense of community
Even if you’re part of an intimate group, or working on your own as a freelancer coworking spaces ensure that you’re never really isolated. With desks that are open as well as a flexible working layout it’s likely that you’ll be involved in the bustle and rush of work -unless obviously, you opt working in a designated room for focus or a separate meeting space.
The presence of a variety of professionals and businesses who are working in the same building will naturally give you an atmosphere of belonging and community, providing you with a network of support that you can rely on if require it.
9. Flexible office contract
One of the most difficult aspects of owning an office of your own is figuring out the amount of space your staff and you really require. What is the situation if you’re tied to the lease of your company and it has grown in size? Continuously changing the layout and arrangement of your office only gets you only so far.
Startups and entrepreneurs who aren’t sure of what their staffing needs will be in the next three, four, or five years coworking spaces permit the user to only pay for the space you’ll need. This gives your workspace to expand and evolve with the needs of your business. The rightizing of your office space means that you’re never with a bill and only pay for the space you’ll need and utilize.
10. Widespread access
For those who love to travel but don’t wish to miss working, coworking spaces can help you find an ideal work-life balance. Instead of setting up in the coffee shop of any town or city that you’re visiting, easily reserve a desk at coworking space that gives you the office atmosphere that you require to concentrate. A lot of flexible offices offer members access to offices in the country, allowing you the flexibility to travel wherever you want and without compromising productivity.
UK Business News