As the pandemic staggers on, many people continue to look for alternatives for working spaces. Working IN the office is still something many have not returned to, and with the changes that have taken place during the pandemic, it's clear that many people may never return to the office... at least full time. But that can pose a bit of a challenge, when some individuals want to get work done, but working from home causes distractions. Or they don't have the necessary technology they crave on a daily basis. Some also just need to get out of the house and want a change of pace! And this is where the coworking space comes in within a company's new hybrid model of work.
Recently, Travis Howell wrote an article about coworking spaces becoming the new alternative for where many may choose to work moving forward, particularly for large companies.
Changes In Work Spaces
Because of everything that transpired during the pandemic, there is a strong chance that the work-from-home trend that has grown so much over the last couple of years is here to stay. But what does that mean for large businesses? Many are already divesting commercial spaces that have sat largely unused for months, and the corporate savings that large businesses will see means this may be a trend that continues for some time.
For the employees who enjoy the freedom and flexibility working from home, but are craving a little face-to-face interaction and social opportunities to go with it? Many will begin to seek out alternative workspaces and the local coffee shop is definitely not a long-term solution. This is where coworking spaces are perfectly positioned to fill this gap.
The New Coworking Corporate Model
While many employees would consider working in a coworking space on a regular basis, businesses also need to consider offering these employees a stipend to spend on their fees. Many businesses already started this before the pandemic, by offering their employees a monthly stipend to work in a shared space of their choosing, if they didn't want to work full-time from home. This gives everyone the choice of where they want to work, while not spending a large amount of their own money to get out of the house when the corporate office is shut down.
Howell goes on to share five specific benefits that everyone can gain from giving your employees the option to work in a coworking space, which are as follows:
Individuals can choose what works best for them, as everyone has different preferences. Employee satisfaction and retention will increase as employees can choose on their own if they want to work from home, or work in a coworking space. This space may better meet their needs based on what is offered and is likely closer to home than their corporate office was in the past.
- An Increase in Talent
Recruiting for open positions in a business may be much easier when potential employees are given the option of working where they would like to. Knowing that they may be able to work from a coworking space and get a monthly stipend to do so, on top of the new job, could make all the difference.
- Maintain Professional Appearance
Working from home can make things more difficult when you need to host large meetings with clients or with other teams in your company. Where do you go? Meeting in a coffee shop or restaurant can be loud and provide distractions, but coworking spaces provide the perfect solution - conference rooms. It can have a significant business impact when potential employees, clients, or investors meet in a professional environment where the necessarily technological equipment is easily accessible, and privacy is maintained.
- Stay Connected and Productive
Many employees still crave the social interaction and networking that working in an office environment provides. A coworking space lets people work alongside each other and can help with brainstorming and innovation on teams. It also helps teams stay productive when they can quickly head over to a coworker to solve an issue that otherwise may take time to connect on.
- Save Money
During the pandemic, it's been imperative for many companies to cut costs, as sales have decreased. Commercial office space can be extremely expensive for many businesses, so shifting to work-from-home and coworking options has been a wonderful way to cut costs.
As a bonus, cutting on commute costs for employees has also been a welcome relief, as well as the time saved every day!
Many businesses prefer the coworking leases, where you can generally pay on a month-to-month basis, rather than traditional corporate leases that are fixed for years. Companies can start by renting a few spaces for employees and continue to add on as more people want to try it out or new employees to join the team.
Working in a traditional office may be a thing of the past due to the Covid-19 pandemic. So much has changed in such a short amount of time, but remote work appears to be here to stay. Why not offer your teams the chance to be a part of a coworking space to give them the satisfaction and productivity that you are aiming for? Offering options is something they will definitely appreciate. Please reach out if you would like to learn more about coworking options at The Docking Station.