Coworking is a relatively new trend in the working world, before the early 2010s the closest thing we had to coworking was working out of your local coffee shop! However, the coworking industry has boomed since then; walk around any big downtown in the U.S. and you're bound to run into a few coworking spots on your way. Even smaller cities are embracing the coworking trend as more people begin to realize the multiple advantages that it provides. Coworking is lauded to help reduce stress, giving workers less lengthy commutes to worry about and more control over their working environment as well! Coworking also works to cut business costs and help improve employee morale and productivity; there is a reason businesses, large and small and from all industries are buying into the coworking industry. We’ve decided to organize a small list of the advantages of coworking to help you understand if a coworking spot is a good idea for you or your business!
Less Stressed, Happier Employees
Not everyone is happy working out of a cramped, oppressive cubicle, in fact this actually is not optimal for most of the world’s workers. While everyone is different, a lot of workers value freedom and the ability to move around. While you might need to go ten floors down a big office building elevator to catch a bit of fresh air, it could be a thirty second walk across a coworking floor instead! Coworking gives employees the flexibility they need to perform their jobs effectively, a lack of this quickly leads to burnout in the workplace. Burnout is a common feeling among unsatisfied employees and it quickly leads to massive reductions in productivity and a spike in your employee’s level of stress. By allowing employees to cowork you are relieving them from aggravating commutes and giving them a sense of control over their situation, helping reduce their stress levels!
A More Productive Operation
Coworking spaces are the best option for productivity when moving employees into remote work. Most employees benefit from the change of pace provided by coworking spaces and tend to be more productive as a result. Smaller businesses and entrepreneurs, who are often used to working from home benefit from coworking even more. Recent events have caused the majority of the world’s businesses to find ways to split their workforce and remote working is a great option for this. However, they make the mistake of allowing employees to remote work from home instead of remotely working out of coworking spots. Working from home is terrible from productivity, distractions such as children, chores, or pets add up quickly and slow down workflow. Coworking is the option to choose if you are looking to boost your employee’s productivity.
Save On Costs
Leases on traditional office spaces are generally unforgiving, they are usually only accessible by larger businesses or firms doing very well. However, there are multiple disadvantages associated with these leases that put off smaller businesses. The most impactful of these is how unfriendly traditional office leases are towards scalability, your business is not going to stay the same size forever! If you find yourself needing more or less office space you could be out of luck as the lease is set for a certain amount of time. Coworking agreements are usually month to month, and the amount of space you rent out is easily subject to change. This is great for scaling, if you have a great quarter and need more desks for your business, just rent out more! This control allows businesses to save money on their office space rentals! A co-working space from Execu-Suites not only saves you the headache of furnishing your office, but also saves you money in the long-run.
Coworking has exploded onto the business scene for a reason, the benefits that these flexible lease solutions provide are helping entrepreneurs and small businesses scale their operations past their expectations! Coworking is showing little signs of slowing down; COVID-19 has shown the world that remote work and flexible office space are the way forward into the future!
This post was written by Tara Kintz. Tara is a director at Signature Workspace which is a Tampa office space. Signature Workspace, owned and operated by Cantor Fund Management, offers services and amenities such as private offices, flex space, co-working space, virtual offices, meeting/conference rooms, and more.
