Aug 17, 2018
Over the past five years, co-working has taken hold across a number of industries. By definition, co-working refers to membership-based spaces where professionals work together in a communal setting. Some of the oft-held misconceptions about coworking offices include that they are disruptive or that they are only suited to startups and entrepreneurs.
On the contrary, there are dozens of co-working facilities across the country dedicated to different professional needs. Some are geared towards networking and socialisation, whereas others are designed for independent work.
Similarly, although co-working can help combat the isolation experienced by those who work alone, it is not reserved for solo entrepreneurs. The co-working model is flexible so that it can work for businesses of all sizes – from independent workers to large corporations.
Co-working and productivity
According to reports by the Harvard Business Review, those who belong to co-working spaces admit to levels of “thriving” that approach an average of 6 on a 7-point scale – at least one point higher than employees who work from a traditional office. So what makes co-working so effective?
More flexibility and job control
It’s no secret that many of us struggle with the 9-5 hours we’ve become accustomed to. With a flexible office space, you can usually come and go when you like. In this way, shared workspaces offer greater flexibility and job control than traditional office jobs.
Feeling part of a community
Connection is important, in business and in life. Since humans are hard-wired to thrive in company, working with others can actually boost productivity levels. According to research conducted by Deskmag and Deskwanted, 74% of coworkers are more productive since belonging to a co-working space, while 93% have a bigger social network.
Many managers of co-working facilities consider themselves in the business of hospitality, so they are there to tend to your needs. If the Internet goes down or the office runs out of coffee, there are often people who will take care of this for you – as well as the overheads and other technicalities that come with renting a traditional office.
More networking opportunities
Staff will usually make an effort to get to know those using the building, which means they can facilitate introductions and create networking opportunities for your business. However, socialising in a co-working space isn’t compulsory or forced like it is in traditional offices – you can essentially temper your level of communication with others to suit your needs.
The profile of co-working spaces is rising, and more and more people are following the trend. However, co-working is not just a fad: these spaces are arguably better suited to our sensibilities as humans, as well as our need for support and flexibility in our professional lives. Therefore, shared office spaces could well be the key to long-lasting business success.