Why Coworking Is the Future of Work?
Coworking spaces are changing the future of work, and it’s for the better. The standard office experience is being pushed aside to make way for unique workspaces people enjoy coming to each day.
Going to a conventional office and working from 9 to 5 is a thing of the past. The post-Covid world has drastically transformed the world, and working full-time from a corporate office seems dated. That is why most companies are switching towards a hybrid working model. This makes us wonder whether coworking is the future of work. Let’s elaborate on the idea:
The Changing Landscape of Work
Whether you are in favor of coworking or not, you cannot deny the fact that the future is changing. I am sure you have witnessed the growing trend amongst companies that embrace remote work. Now that we have established that it is a popular trend let’s dig deeper. The technology propelling forward, growing gig economy, collaboration, hybrid work structure, and shift in the job seeker’s market adds to the change.
Quite quitting refers to workers when they are doing the bare minimum at their job. This particular term rose to fame on TikTok. This is due to a number of factors: increased technology usage at the workspace, rise in the gig economy, change in attitude, and factors impacting work/life balance. With employers expecting employees to be available 24/7, most people feel burnt out and demotivated.
Technology plays a very important role in how work is changing. Automation, AI, and virtual assistants have taken over a lot of tasks which has drastically impacted office routines. Specific jobs have become obsolete, and others have increased in demand.
A lot of people have switched from full-time jobs to part-time work and freelancing. The number of freelancers in the US alone will increase from 70.4 to 90.1 million by the year 2028. That means a lot of people prefer remote working over a full-time option.
Asynchronous collaborations are also becoming increasingly popular. If you aren’t familiar with the term, it simply means different team members are working on their own time. Instead of using video calls to discuss any project, team members leave comments in a shared space for communication. This essentially means that team members aren’t tired for a specific location or time.
Hybrid is the New Normal
We now know that these changes have completely transformed how offices used to function, and hybrid is becoming the new normal. Most of the jobs can be done within the comfort of people’s homes or a coworking space. The rise of the coworking space plays a very important role in this shift and is an excellent solution for hybrid ways of working. You genuinely get the flexibility and the space.
Growth of Coworking
Work is heading hybrid, and coworking spaces are a flexible solution for this new way of working. That is the reason behind the dramatic rise of coworking spaces. Individuals who like to work at their own time and convenience but don’t necessarily like to work from home can benefit from these spaces.
Importance of Coworking to the Future of Work
Coworking space is there to help you support work. They offer an ideal solution for hybrid workspaces and freelancers. Moreover, they have seen plenty of growth, and the trend seems to be ever-increasing. These offer perks and benefits to employees that are impossible to get at home or at the office. One of the major benefits is the flexibility of the workforce.
The best part about coworking spaces has to be the flexibility for people and businesses that do not have a very high budget or space. Essentially, they fill a very important gap in the working world. Businesses or individuals who want to hire exceptional talent without the restrictions of geographical locations can truly benefit from coworking spaces. The coworking spaces can help save money as business owners don’t need to have formal offices in multiple different locations.
This is ideal for employees who normally like to work from home but prefer to switch towards a more formal space for meetings when the internet connectivity is ideal. Most workers regard flexibility as a major need for work. In fact, a lot of people won’t work except the job if the rigidity in terms of workspace comes as a part of it. Coworking spaces offer a common ground between the standard office and working from home. In fact, it offers immense ease for companies hoping to switch to a hybrid working model without spending a ton of money.
Community-Driven Connection and Collaboration
In a coworking space, you get to be surrounded by many different people working on multiple projects. It can lead to serendipitous collab or connection. This presents you with a perfect environment to network and build relationships with different professionals within your field. The collaboration and community you get with coworking space are simply unmatched in a conventional job.
Within a coworking space, same company coworkers can work together. When a company hires multiple coworkers in the same location, they can rent a coworking space for you. It will save your company the hassle and money of setting up an independent space, and employees will also have a flexible working space when they need it. Last but not least, working from home can get very lonely and isolating. Coworking allows individuals who work from home to work from an office when needed and benefit from networking opportunities.
We hope you found this article insightful! What is your opinion on coworking spaces? Is this the future of work? If you have ever used it, how was your experience? We would love to know in the comments section below.