Industries have been forever changed in this post-pandemic world we live in. In an effort to decrease costs many organizations have chosen to eliminate their unnecessary overhead costs and this includes permanent office spaces. While many business activities can be held virtually, or at home, a private office is still needed for occasional work needs and meetings. If this is the case for your business you may consider a coworking space, ones that include meeting rooms, private offices, and quality office features and services like Synergy Spaces in Las Vegas, Nevada are at the top of the list. Read on to learn more about coworking spaces and why so many organizations have adopted them as the new normal.
Post-Pandemic Office Alternative
As workers navigate the post-pandemic challenges of working from home while still providing the right balance of space, privacy, and cost, coworking spaces have really outshined other alternatives. Evidence suggests that over time, shared office spaces and on-demand meeting spaces will grow in popularity. As the work-from-home trend continues to draw more types of workers, adopting this shift in your workplace culture may increase productivity and attract a more diverse workforce. As workers start returning to their offices many of the largest corporations have replaced traditional offices with coworking spaces. This includes companies like Facebook, Twitter, Shopify, Verizon, AT&T, Microsoft, Ford, and IBM. Some coworking spaces report that nearly half of their members work for companies with 500 employees or more.
In order to remain a competitive company, keep overhead costs down, and keep employees happy, coworking spaces are becoming more and more necessary. Many companies have replaced overhead costs and factored the per person cost of permanent office space into stipends available on an as-needed basis.
Top 5 Reasons Why Employers Are Choosing Coworking Spaces
- Increased Productivity
Employees in coworking spaces are more productive than in public spaces. There’s a communal sense of accomplishment without distractions other environments may allow. Unlike working at home you won’t have general chores and family to distract you. Unlike working from a public space everyone in the coworking space is focused on their individual tasks. Workers tend to find coworking spaces more productive as the environment is more focused on productivity.
- Allows Flexibility & Increases Employee Retention
When businesses allow their employees to choose their office environment they are more likely to choose a coworking space in close proximity to their home life. The reduced commute time, solidarity in work focus, and accessibility tends to lead to happier employees, and happy employees remain at their jobs longer. If employee retention is a focus for your business, then a coworking space should be considered a part of your organization.
- Helps Your Company Feel More Professional Than Working From Home
One challenge we face in this new normal of work-from-home employees is that fine line between flexibility and professionalism. Many employees face obstacles when working from home to give the appearance of a suitably professional setting, especially when hosting virtual meetings. When you have potential clients, investors, partners, or auditors an employee may not have a setting to meet with them in-person either. Without a coworking space they’re often forced to take these meetings at coffee shops, restaurants, or other public spaces that have the potential to diminish the perception of your brand. Coworking spaces have meeting spaces such as private offices and conference rooms that offer professional equipment and a controlled environment, allowing you to manage the professional appearance of your business. Startups and work-from-home operations that want to give the perception that they are more established, larger, or just plain offer a professional culture and work ethic strategically choose coworking spaces.
- Inspires Innovation & Connects Them To Workers From Different Industries
Working alongside other professionals from a wide variety of backgrounds and experiences can create an environment where new, more creative ideas are born and thrive. By casually expanding workers professional networks they are able to bounce concepts and ideas off of people outside of their immediate bubble. This type of spontaneous interaction can even introduce new clients to your business.
- Reduces Overhead Cost
Large office spaces come with large costs. Coworking spaces often have much lower costs per worker. Renting a commercial office is often one of the largest operating expenses taken on by any organization. They’re often long term leases as opposed to month-to-month or on demand. Permanent spaces where workers must be present or attend routinely in-person also limits your workforce to individuals willing to commute to your office or that live in close proximity.
Why Coworking Spaces Are Winning Out
When the pandemic forced employers to change policies and strategies it shed light on the possibility of a virtual workforce that has allowed for better productivity, flexibility in workspaces, and a more satisfied team. As a result some of the largest corporations have changed their requirements and have begun to adopt coworking spaces as their new work environments. This shift has continued to reduce overhead costs and increase retention and production. Today, Synergy Space is finding that our coworking spaces are being used by a wider variety of business professionals.