CO-WORKING FUTURE OF WORK

 

The coworking and flexible workspace industries are exploding in popularity. There are about 700 times as many coworking spaces today as there were in 2008, and the sector has grown at a 30 percent annual rate. We are fascinated at Coworknity with helping space owners, operators, and members to thrive in the flexible workspace market because we believe it is the workplace of the future.

There are still some people who have no idea what the flexible workspace sector is all about. Let's speak about why coworking is the future of work to better comprehend the huge rise.

WHAT IS COWORKING?

According to Deskmag “Every workspace with flexible structures that is designed for and by people with atypical, new types of work - that is not exclusively for people from one certain company.”
It's defined by Google as “the use of an office or other working environment by people who are self-employed or working for different employers, typically so as to share equipment, ideas, and knowledge”

Coworking spaces are a type of service-oriented workplace that offers shared resources, facilities, and office space to one or more businesses (usually on a flexible lease) in order to help them develop, encourage collaboration, and focus on their business. In a nutshell, "Space As A Service" is what it is.

  

REMOTE WORKFORCE

The rise of the remote workforce is one of the primary causes for the growth of the Coworking sector. We now live in the digital era. To get work done and collaborate with colleagues, we are no longer restricted to a desk. The shared digital economy has opened up new ways to work without being confined to a cubicle. In a conventional corporate workplace, your desk served as more than just your allocated seat; it also served as your central centre for all of your activities. It was not possible to “take their work home”.

In today's cloud-based economy, all you need is a laptop and an internet connection to "virtually" access the data and tools you need to get work done. Where else can you get work done if people aren't working at their offices? Home? Don't put your money on it. What about coffee shops? You'll have a hard time giving an investor pitch over the sound of the espresso machine. People desire flexibility, but they also need a dependable and professional work environment, such as coworking spaces.

SPACE AS A SERVICE

Consumers demand a certain degree of service and convenience at the places they stay, dine, and travel, in addition to their work equipment (what companies like Uber, AirBnb, and Postmates provide.) Changes in the way these consumers work are also taking place. Consumers prefer a handy service that they may cancel at any time rather than committing to a long-term, expensive contract or going out of their way.

Because time equals money, who needs a vehicle or a hotel when Uber and AirBnb can save you both? It should be no different at the office. Why can't my rent include furniture, cleaning, internet access, and other necessities for running my business? Most significantly, how can we overlook the delectable cuisine prepared by the chefs here, as well as complementary hot beverages? Why hire and pay for six or seven different services merely to have your area in a usable state? Coworking is truly space as a service.

Coworking spaces take care of the heavy lifting, allowing you to concentrate on your team and your work.

 

CONTRACTOR/GIG ECONOMY

The growth of the freelance and contractor economy is another intriguing trend. It's becoming increasingly simple to quit the corporate 9-5 in favour of a more flexible setting as a side business, in between employment, or as a full-time career. Millennials and Gen Zers who joined the workforce or grew up during the crises are more inclined to freelance in order to generate their own opportunities and income. When it comes to workplace, the most essential aspects are flexibility, freedom, and employee satisfaction.
Are you planning a trip abroad of the country next month? There's no need to be concerned; simply cancel your subscription. Do you have a client meeting that you need to attend? It's not an issue. Coworking offers efficiency and professionalism that you won't find at home or at your neighbourhood coffee shop.