3 Things Corporates Can Learn from Co-Working Spaces

Entrepreneurs, small business owners and freelancers who used to call everything from cafes to airports their office now have a significantly better workplace option: shared work spaces.

According to reports, co-working spaces or shared work spaces across the world have reported having 50% more members than two years ago. These innovative work spaces such as IndiQube host tens to hundreds of different companies across industries, irrespective of the size.

With the start-up boom, the concept of flexible work spaces has taken off. And it is here for the long run. Flexible work spaces offer a refreshing change from the stereotypical office set-up.

Appealing and idea-stimulating interior designs, a robust online platform and community events that promote employee bonding are some of the highlights.

Shared work spaces offer plenty of benefits for people who work there such as flexible work hours and community building. Here are 3 important things corporate offices can learn from shared work spaces.

1) FLEXIBILITY AND LOCATION INDEPENDENCE
One of the major advantages of working from a shared work space is the flexibility and location independence that it offers. Corporate offices can learn a lot from shared work spaces allowing the same amount of flexibility and location independence in order to attract and retain talented employees.

2) COMMUNITY MANAGEMENT
Co-working spaces allow workers to feel as if they are part of a community. These shared work spaces usually have community managers who ensure day-to-day operational efficiencies and help connect people who’d be useful to one another. They also launch startup and social events and are open to requests from officers working at the shared work space. Corporate offices can learn a lot from community managers about things such as facilitating connections and event management.

3) DEPARTMENTAL MIX AND MATCH
In a shared work space, a computer engineer sits next to a business development executive and big data analysts sit next to marketing professionals. Due to this mix and match of dynamic professions, employees at shared work spaces have an opportunity to learn from each and build important social connections.

According to a study conducted by Journal of Organizational Behaviour, people in co-working spaces rate their level of thriving – defined as their vitality, learning and work performance – an average of nearly six on a seven-point scale. By adopting this co-working practice at corporate offices, they too can benefit from the advantages obtained from departmental mix and match.

IN SUMMARY
Shared workspaces have now become the preferred choice of office space for ambitious startups which are seeking Series A and B funding. Emerging work spaces such as IndiQube are gradually increasing footprints in Bangalore and other metro cities.