Why Are Co-working Spaces In Such Demand Nowadays?

Since the COVID-19 epidemic, the amount of employees working from home, either partially or entirely, has been increasing for years. This trend has now become more visible and has leaned towards the label “THE NEW NORMAL.”

Working from home has both positive and negative consequences. When considering the transition from a traditional/conventional workplace to a remote work style, employers will undoubtedly focus on the downsides rather than the pros in terms of business growth.

Working from home is not a long-term solution, and here’s why:

Team Cohesion is Decreased

Working without a team and without continual supervision is what it means to work remotely. Even though reduced contact with coworkers may provide an employee with more space to increase productivity with fewer distractions, we also see that the aspect of sharing ideas, strategizing toward project goals, improving one’s work based on suggestions, lack of monitoring, and other factors reduce cohesiveness and coordination, which is a disadvantage.

Focus Deficit

Employee productivity and attentiveness have suffered as a result of working from home. The primary causes for the poor productivity rate are discovered to be constant distractions and little to no inspiration around the house.

Barriers to Implementing a Remote Work Policy

While there are a variety of considerations that businesses examine when selecting whether or not to offer remote work, the most essential aspect is the “long standing company policy,” or in other words, the “present, completely functional, familiar corporate policy.” Other elements, like data security, technology, and, to a greater extent, flexibility, which have an impact on the broader culture of the organization and work, appear to be roadblocks to the implementation and shift from traditional to remote work practices.

Keeping the Company Culture

Every firm has a culture that has been in place for a long time, or in some cases from the beginning of the business, and there are always unwritten values and behavioral features expected of an employee from his or her employer/organization. Maintaining this work culture among employees and management while working remotely can be a challenge in and of itself, prompting businesses to reconsider their remote working policies.

Working at a real “office” in “proximity” to one’s residence is the only option to reconcile the conflict between working in a traditional office and working remotely from one’s home. Employees would not be obliged to relocate or travel for long periods of time.

Community

Even in the face of difference, it’s astonishing how a community can come together to assist one another thrive.

Flexibility

Co-working space providers always have more flexible terms that are more appealing to an employer, such as no lease, no long-term contracts, and so on. These are some of the reasons why firms are choosing co-working spaces today.

Stress Reduction

Almost everyone is working from home due to the current pandemic. While this is a terrific way to work, it can also easily fall apart. Working outside of one’s house but close to one’s home is the key to achieving a stress-free work-life balance.

Networking

Meeting new individuals in a co-working setting can be a terrific way to network and lead to new opportunities.

Level of Motivation

When you’re in a room full of motivated people, it’s nearly impossible to relax.

In co-working environments, energy and productivity levels soar.

Start-ups, entrepreneurs, and freelancers have new avenues for growth thanks to the co-working market. They have enthusiastically embraced flexible workspaces and reaped the benefits of the collaborative, inclusive atmosphere, cost-effectiveness, and accessibility that are at the heart of every co-working environment.