Many people associate coworking spaces with individual freelancers and boot-strapped start-up teams. While coworking hubs offer the ideal workspace for these workers, large corporations may also benefit from investing in coworking memberships for their remote employees.
Statistics show that many major enterprise corporations such as Microsoft, General Electric, and Salesforce provide coworking memberships to their employees. Enterprise adoption of coworking spaces is on the rise, showing a 90% increase in utilization. (CNBC)
While working from home may offer an employee flexibility, it also offers many distractions and interruptions. Kids, spouses, and pets all compete for attention. Home-based workers can quickly lose track of time as they watch some TV, take a shower, clean the house, or cook a meal. Homes are for living in, and offices are where work happens.
We’ve seen a lot of data lately about hybrid work being the future, a recent survey conducted by Zoom, found that 65% of respondents who have been working from home said that a hybrid work environment was their ideal work model.
A coworking space provides employees the opportunity to work in a professional environment when needed while still giving them flexibility to work from home. Coming into the office preps the mind for work, and being surrounded by other like-minded individuals encourages focus. Higher profits are the result.
Coworking Provides Flexibility
Traditional office space requires a lease agreement with 3-5 year terms and significant upfront expenses. Companies can reserve coworking space by the day or month. There are no long commitments or hefty deposits. If a worker takes a vacation or needs medical leave, there is no need to pay for space that isn’t in use.
Coworking is also scalable. Companies have the option to rent private office space and meeting rooms on demand by the hour, day, week or month. Whether you need to assemble a team for a short-term project or a long term agreement, coworking offers the flexibility to grow with your business.
Coworking Space Is Less Expensive
One of the key benefits of coworking spaces is that it is cost effective. Some workers require dedicated offices, but many do not. In today’s digital age, few people are responsible for paper files that they must keep under lock and key. Coworking provides 24/7 access to a workspace for remote workers. The spaces come ready-to-go with all the essentials, including furniture, internet connection, printing center and reception service all for a low monthly fee. If a worker needs to meet with clients they can book a private office or a meeting room. This type of work model significantly reduces overhead costs compared to a traditional office.
Designing workflow to be compatible with a coworking environment allows businesses to save significant amounts of money. Profit margins will be much higher without the expense of traditional office space. Those savings can be pocketed or re-invested.
Chances to Network Increase Sales
Marketing is expensive and time-consuming. The easiest and cost effective way to market is by leveraging your network. Word-of-mouth and referral clients are usually willing to pay more because they trust your reputation. These types of clients are also known to be highly loyal, which reduces your churn rate.
A coworking space is a great place for networking. It is easy to partner and collaborate with other members. Members who work in the same industry can team up to help tackle larger projects, and members in related fields can refer clients to each other.
Coworking leads to increased productivity, decreased expenses, and may even bring you new clients. Lakeside Workspaces in Weston, Florida offers daily and monthly coworking options with 24/7 access, high-speed internet, and free parking. Contact us at 954-389-2511 to find out about all of the perks that we offer.