Why coworking spaces are in demand

The number of employees working from home either partially or fully has been on the rise for years now, it has now become more evident and has slanted towards the term “THE NEW NORMAL” ever after the COVID-19 pandemic.

Remote working comes with a mixture of positive and negative outcomes. When looking at this shift from a traditional/conventional office to a remote work style, employers would definitely fixate on the negatives more than the positives in consideration to the growth of their business.

Working from home isn’t feasible on long term basis, here’s why:

Reduced team cohesiveness

Working remotely means working without a team and without constant supervision. Even though in some cases we see that reduced contact with colleagues may give an employee more space to increase productivity with less distractions, we also see that the aspect of sharing ideas, strategizing towards the project goals, bettering one’s work based on suggestions, lack of monitoring, etc. reduces cohesiveness and coordination which is a drawback.

Lack of focus

Work from home has seen a drastic downfall in employee’s productivity and focus. Constant distractions and little to no motivation around the house are found to be the main reasons for the lower productivity rate.

Barriers to implementing a remote work policy

There are a number of concerns that employers consider while deciding on the option of remote work, the “longstanding company policy” in other terms – the “current, perfectly functional, familiar company policy” is the most important factor. Other factors like data security, technology, flexibility at a higher extent, impact one the overall culture of the company and work, seem to be barriers in the implementation and shift from traditional to remote work policies.

Maintaining company culture

There are always unwritten values and behavioral aspects expected of an employee from his/her employer/company, every company carries out a culture that has been in force for a long term or in some cases from the start of the business. Maintaining this work culture among employees and management whilst working remotely can be a task by itself, thus leading companies to rethink the idea of remotely working on the whole.

The only way to overcome this dilemma between working at a conventional office and working remotely from one’s home, is to work at a proper “office” in “proximity” to one’s residence. Employees would not be required to move cities, travel long hours, or work in anxiety of the commute back home in case of an emergency. This is exactly why co-working spaces are in demand.

In general terms, co-working is a community of people assemble at a neutral space to work independently or in groups on different projects, from various backgrounds.It is not similar to a typical office workspace because the people in a co-working environment generally aren’t working for the same company. Co-working spaces usually offer the same amenities and, in some cases, even more than you would find in a traditional office.

A major differentiator is flexibility, a long-term lease is not a requirement in a co-working space. Basic facilities like Wi-Fi, printers, cafeteria, and other amenities are common in every co-working space.

Coworking spaces are seeing a demand among entrepreneurs, SMEs and some large sale companies due to the below reasons:

Community

Even in diversity, it is amazing how a community can help one another grow.

Flexibility

Co-working space providers always have flexible terms that are more pleasing to an employer, no lease, no long-term contracts etc. are some of the reasons we see companies opting to co-working spaces today.

Reduced stress

The current pandemic has got almost everyone working from home. While this can be a great way of working, it can easily fall apart as well. The key to have a stress-free work life balance is to work outside one’s home but still in proximity to home.

Networking

Meeting new people in a coworking environment can be great networking that can eventually lead to new opportunities for business growth.

Motivation level

It is highly impossible to slack off when in a room full of driven people.Energy and productive levels rise high in coworking spaces.

The coworking industry has opened up new gateways of growth to start-ups, entrepreneurs and freelancers. They have whole-heartedly welcomed flexible workspaces and have benefited from the collaborative, inclusive culture, cost efficiency, accessibility, etc. which are the very foundation of every co-working space.

The Executive Zone, a co-working space provider is located in Anna Salai, Chennai & offers you a luxurious, high spec office space with a number of amenities and facilities that will help your employee work more comfortably and efficiently, increasing their productivity and giving you the growth, you want for your company.

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