The
concept of co-working emerged in India about a decade back and has slowly taken
the country by storm. In 2015 globally there were 7,800 shared spaces where
half a million people were working and this number has burgeoned to 35000 co-working
spaces in just 6 six years to evolve as a $26 billion business opportunity.
Overcoming the negative impact of the COVID-19 pandemic the co-working spaces industry has continued
to grow with a positive curve in 2021. It is without a doubt that the concept
of shared offices is here to stay. It was here before the pandemic, and now
with the pandemic, it has only strengthened the image of co-working as a
preferable workspace solution. Wolfpack, a leading company for best co-working space in Bangalore and Kochi, enlists the top 5 reasons
why companies of different scale find shared offices the new way to work.
Collaboration Centre's
It
took its time but the corporate sector has finally sat up to notice the
innovative work environment that co-working
spaces have to offer. Some of the global giants are increasingly settling
for flexible workspaces to look for new ideas, inspiration and talented people
to collaborate with and take innovation to the next level. This is particularly
relevant in the fields of tech, technology, and telecommunications. Such an
arrangement allows large companies and start-ups to organically interact with
each other and to match synergies for business growth and development.
Networking sites
Co-working
spaces offer a brilliant opportunity to entrepreneurs, startups and
professional freelancers to interact with like-minded individuals, increase
their might in professional networks and benefit from more business
opportunities. With a casual and in-built system of promoting social values
like exchange of knowledge, transparency, and belongingness shared office spaces harbor new and interesting work prospects for
small-time players and the new kids on the block.
Nurturing Ability
Trials
and errors, testing waters, giving it a shot, experimentation, innovation,
nothing to lose – these values form the mindset of the millennials and Gen Z
today. With reduced expenses and a free mind to experiment, co-working spaces and shared offices are nurturing in their
ability to let talent flow. Entrepreneurs, Innovators and individuals with
lower risk-taking ability are given a perfect platform to opt for flexible
engagement to give their entrepreneurial dream flight.
Smarter Way of Working
Traditional
organizations have finally understood that conventional ways of working need to
change. Embracing the co-working culture helps increase output, productivity
and revenue while drastically reducing the fixed costs – a winning situation
all the way! With a better equilibrium of greater flexibility and cost
efficiency, shared office spaces are surely the smarter way to work in the
future.
Community Building
A
collaborative business structure boosts team building and the overall happiness
and productivity of a team. It stimulates interaction and engagement between
employees of a company thereby strengthening the team and creating a better
workflow. Good-looking interiors, natural light and good furniture and fixtures
become a psychological mood up-lifter thereby stimulating interactions and
building a positive atmosphere of identity and pride. These have an immediate
and lasting impact on productivity.
Flooded with enquiries for new office space, Wolfpack is a leading company offering workspaces for rent in Bangalore and Kochi. In the last few months, with covid-compliant best practices and strategies, we have helped thousands of startups, professionals, freelancers and corporate to conduct business in the ‘new normal'. Looking for an affordable, engaging and healthy workspace near you! Get in touch with us.