Why do employees thrive in coworking spaces and shared offices?
Coworking spaces are undoubtedly changing the modern workplace. While they began as a trendy area for independent people looking for a quiet and productive space to work, they have since become an alternative to the traditional office, offering companies spatial flexibility and a welcome reprieve from expensive leases and overhead costs.
Regardless of the size of your company, coworking spaces can positively influence your employees. From greater flexibility to a better work-life balance, here are some of the top reasons why employees thrive more in these spaces than in traditional offices.
One of the most significant benefits that coworking spaces offer is greater flexibility. Nowadays, these shared spaces are attractive for freelance and remote workers primarily because of this flexibility. Employees have the freedom to choose when and where they want to work. There are even coworking spaces available open 24/7 to their members!
Coworking spaces are great for giving employees that burst of inspiration and creativity that is often hard to find at home and in other places. Now that remote working is on the rise due to the pandemic, many individuals struggle to stay motivated with their jobs, especially when they spend almost all their time at home. Also, many coworking spaces offer an array of amenities; some can be: gyms, cafe, receptionist services, various meeting rooms, community events, and some… even have nap rooms like Google!
Coworking spaces thus allow you to give your team the perfect compromise since you can maintain a remote work setup while still giving them a sense of stability through a shared office space. Furthermore, since these working spaces are not as rigid as the typical office, employees have more freedom and flexibility, both of which can inspire fresh, novel, and innovative ideas!
Reduced Isolation and Loneliness
Remote work undoubtedly comes with perks like the convenience and flexibility of working at your own time and place. However, one of the biggest drawbacks to remote working is increased loneliness and isolation due to the uncertainty and lack of structure in the working environment.
Fortunately, coworking spaces provide a solution to help workers fight off isolation. Even though you might not be working directly with the other people around you, the mere fact that you share an office space gives you that comfort, knowing that you are not alone.
If you have transitioned into remote work due to the pandemic, consider signing your employees up for a coworking space to give them an alternative area to work. Staying at home can easily make them forget about the value of social interactions and bonds, so getting a shared office space will help in this regard.
Another attractive aspect of coworking spaces is the savings that businesses can enjoy. Coworking spaces usually charge a monthly membership fee, which can vary based on your location. For example, WeWork—based in New York City—charges $360 per month for a single hot desk in its Orlando space. On the other hand, single-seat private offices start at $700 per month.
Initially, the price may seem steep if you are trying to keep your costs at a minimum. However, if you think about it, the membership fee comes with the working space and amenities like Wi-Fi, refreshments, office furniture, meeting rooms, and cleaning services that you would otherwise need to pay for if you were leasing an office space.
Sense of Professionalism
An interesting study from Harvard Business Review revealed that the workplace provides a form of legitimacy to workers. Thus, individuals feel a greater sense of professionalism if they are working in an actual workplace rather than in places like their home or a coffee shop. Overall, it makes them feel more credible about their work, which can lead to higher confidence.
Sense of Community
Similarly, a coworking space also offers individuals a community they can connect and bond with. In addition, these shared spaces allow them to meet new people from all walks of life, allowing you to expand your social and professional network.
One of the best things about shared office spaces is that people are exposed to a mixed environment, which means your employees can interact with workers from different companies, positions, and cultures, and build long-lasting relationships.
Likewise, if you have a start-up or small business, you can organize occasional events to help your team feel more integrated into the company culture. It also gives them a feeling of accomplishment and identification, as though they are part of a community.
As mentioned above, coworking spaces promote networking, whether with colleagues or employees from different companies altogether. In addition, the layout is often open and expansive, allowing you to run into and chat with other people while working or during your break.
Overall, this setup allows workers to develop and enhance their communication skills. In addition, the ambiance and environment encourage higher engagement and energy, which will be useful in strengthening your team’s interactions.
Productivity is a result of many factors. From the flexible working arrangements to the personal connections built and distraction-free environment, these all allow your employees to work more productively. With a dedicated space, they can accomplish their tasks more efficiently and stay focused on what they need to do. Also, coworking spaces provide the resources your employees may need to stay productive, such as print rooms and meeting rooms, to stay distracted free during Zoom meetings.
A coworking space strikes the perfect balance between structure and flexibility. Thus, it gives your workers freedom to navigate their work schedules but also gives them a specific area to resemble an office. Putting these two together, they become more productive.
Sign Up for Coworking Spaces Today
Coworking spaces undoubtedly provide employees with a flexible working environment to foster relationships, promote productivity, and boost creativity. If you are interested, 4 & Co offers workplace memberships for team offices that can fit 4-32 people.
Our coworking office spaces include:
To learn more about our rates and included benefits, contact us today at (727) 725-2745 to schedule a tour of our coworking spaces!