4 Reasons Why Large Companies Are Increasingly Inclining Towards Coworking
When we come across the term ‘coworking’, we often imagine a group of people from different backgrounds and fields of expertise working together but exclusively on their respective projects in an office that is built to cater to their needs. Nevertheless, coworking has developed to become much more than a place for freelancers, start-ups, and small businesses. Nowaday’s professional coworking sites attract a wide range of companies and individuals.
Most coworking spaces provide all the possible facilities and amenities that a company or an individual might need in their workplace. Along with an ambiance that encourages creativity and collaboration, coworking spaces also feature custom coffees and teas, honor bars and cafes, private offices, upgraded security, top of the line furnishing, and social and networking events.
While originally coworking was opted by freelancers, remote workers, and independent professionals as a membership-based workspace. Now, such alternative work settings have matured and are attracting large companies who use the coworking space to solve the challenges they face.
Here are a few reasons why coworking spaces are increasingly gaining popularity among big companies:
Allows recruitment from diverse geographic locations
Large companies most often fail to attract enough workers to work at their headquarters. Nevertheless, now that the technology is rapidly developing and the labor market is active, organizations are recruiting talent from their backyards.
Professional coworking spaces (e.g- Coworking office space in Delhi) provide a workplace for many such teams and individuals. Since coworking provides a more structured work setting, it sits well with most remote workers. According to a few studies, workers tend to be more productive, creative, and happier in an office environment. Moreover, with coworking spaces, employees can access amenities and facilities that are usually reserved for corporate headquarters.
It fuels creativity
Many large organizations have come to witness co-working spaces providing a collaborative environment and, in turn, boosting creativity. When employees move from a corporate environment to one that is more friendly, welcoming, and independent, they tend to be more productive and focused on their work.
Moreover, collaborating or even interacting with people outside of your field of expertise can spark new ideas. Whether it is for a single-day event, meeting, or a permanent move, employees find the change of space and ambiance energizing and encouraging.
Easy means of expansion for client companies
Large companies often transition into coworking spaces when they are looking to expand into a new market. They choose the coworking spaces as their temporary headquarter and choose to focus on growing their business, while the co-working space accommodates their need for an office.
Coworking spaces allow such companies to expand until they can expand no further and the need for finding an office outside the coworking space arises.
Co-working is more cost-effective
Although coworking space’s cost, on average, may exceed that of renting traditional office space, when it comes to long-term tenure, the numbers are in the favor of the former.
Usually, renting an office requires companies to lease the space for three to five years. However, if in the coming years, the company’s need for space fluctuates, it could be a difficult situation.
Coworking spaces are flexible and can be adjusted according to the need of space. The membership for a coworking space usually ranges from a month to a year, which allows companies to scale up or down and only pay for the space they need.