Why Large Companies are using Shared Workspaces
This trend is growing in momentum due to the advantages the shared workspaces are providing to its professionals. Technological giants like Microsoft, Verizon, and IBM are exploring the coworking spaces for their employees. The reason behind this trend is that the employees can be close to their residing places as well as interact closely with upcoming innovative startups.
Easy access to Innovators
Innovation is the key to growth. This has been the philosophy behind the growth of large companies. Taking this philosophy ahead the large companies are using these share workspaces to get in touch with budding entrepreneurs and innovators. The social and communication collaboration that shared workspaces provide is an advantage for the large companies. This provides an opportunity for an easy breakthrough in getting their hands-on industry-changing revolutionary ideas.
Increase in Productivity
The infectious environment of office spaces for rent is easy to rub on anyone around. So, large companies are using this environment to motivate their employees to work better. This charged-up environment can challenge & motivate the employees to be better in their respective fields producing better ideas. This is one of the prime reasons for large companies to use the business center.
Cost-Effective
The biggest advantage of plug and play office is one can start working without bothering about the infrastructure set up. This is also one of the reasons behind the growth of shared workspace. Employees just need to plug their systems and connect to established internet and cloud services and start working immediately at furnished office space. All they have to do is to pay for the facilities used for a week or month. The savings to the company are noticeable immediately.
Utilizing the opportunity of Flexibility
Large companies are choosing the shared workspaces so they can provide the flexibility option to their employees. The employees can choose the shared workspace environment nearer to their residence or one that they just like. Employees can choose any shared workspace that has been chosen by their company in the city. They can run a personal errand and work from the shared space near to that. This flexibility option to employees is being appreciated by the workforce. Employees choose a shorter commute and also feel valued as it gives space to plan their day balancing life and work.
Statistics to prove coworking spaces growth
The USA is leading in 3,700 shared workspaces across the country, second in India with 2,197 spaces followed by the United Kingdom at 1044 spaces. The price average of shared workspace is reduced by 2.14% between 2019 and 2020.
Since the lockdowns across the globe due to pandemic around 3,000 requests were received between February 2020 and May 2020. There has been a shift towards shared spaces opting for long term contract duration with huge capacities. Now, COVID-19 has significantly changed the shift in working behavior across the globe. Large companies are no more holding to the belief of working from their office location. Employees are hugely using the shared spaces to work productively towards their company’s growth.
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