Can companies implement the coworking model?
In recent years, the coworking movement has broadened; there are more and more spaces, which reach an increasingly wider community and have attracted investments of around $1bn in the last year. This has undoubtedly helped the concept be progressively more "in trend" and the number of medium-sized and large companies interested in the ins and outs of the model is on the rise. As a result, there are also more events and training programmes aimed at promoting collaboration in professional working environments. Since 2011, Unwired has hosted the Worktech conference on the future of work, spaces, technology and innovation. The event has been held in cities all over the world and the next one will take place in Singapore in September. London is also going to be host to the first edition of “The Social Workplace Conference” organised by Global Enterprise, the consulting firm behind Coworking Europe.
Photo source: The Social Workplace Conference website
How can medium-sized and large companies benefit from the virtues of coworking? Can the coworking model be extrapolated to these organisations? Let's look at two situations or models:
1.- Companies that use spaces' infrastructure
The number of companies that allow their employees to work remotely or teams that are spread across the world is on the increase. Buffer is a great example of one of these teams, with 31 people in 22 different countries at present. Joel Gascoigne (CEO) explains the advantages and disadvantages of working with this company model. The norm is that these teams turn to coworking spaces for a base outside of their homes. There are several advantages for this type of model:
- Productivity: Although we shouldn't generalise, we are faced with so many distractions when we work from home. A coworking space offers a professional environment.
- Reduced costs: Companies can reduce their investment in offices by combining working remotely with using work spaces as and when they're needed.
- Interaction: Coworking spaces are diverse and open. The collisions that occur are positive for a project's development.
- Flexibility: Sometimes companies may be put off by their remote team sharing a space due to privacy and confidentiality issues. However, more and more spaces are offering private offices. Spaces like Indiegrove, Mission50 and The Working Capitol all combine private offices for teams and other more flexible models.
- Horizontality: A coworking space mainly hosts independent professionals or small companies. This means that there are no hierarchical relationships, which can exist in some large companies, like Facebook or Twitter.
- Bootstrapping: Many coworking spaces get their own community involved in the space's design and construction (ideas, assembly, etc.). This really helps develop a sense of belonging and identity.
- Diversity: While the main motto in large companies is unambiguous and corresponds to the organisation's macro-vision, we can find several projects, interests and various "mottos" in a coworking space.
Did you know that 89% of people feel happier when they join a coworking space? By 2020, 50% of large businesses will have some form of shared office space. Coworking is no longer a trend, it is the new norm and the preferred way of working. For space owners and landlords, knowing your stats about the industry can guide you through making important decisions about your future.
Ever curious about where it began, where it is going and how it is growing? The beginnings of coworking and its evolving nature is full of surprises, twists and turns! We have come a long way from the traditional cubicle office designs, dull office walls and uninspiring work environment, to flexible, collaborative open workspaces that are ergonomically designed with a sense of adaptability and are community conscious. In the words of Gouri Mirpuri, ‘if you want to tap into the future, tap into a coworking space’.
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Is Poland Europe’s new innovation? What role can coworking play in boosting local innovation dynamics and international networking and How to make coworking part of global mobility packages? These are some of the many topics that will be discussed at the 2019 Coworking Europe Conference in Poland. And the best part is that we are going to be there! You will find us by the Nexudus stand. Do feel free to come over to say hello.
Is isolation driving your customers away? Isolation in the workplace is on the rise, causing devasting impacts on workers, while simultaneously costing employers billions. You can make a long-lasting impression on tackling workspace loneliness and improving social interactions in your coworking space by following these steps. In the words of Alex Hillman: ‘coworking is not a workspace industry, it’s a happiness industry’.
It is time to say goodbye to misplaced, stolen, replicated keys and locks. Monitoring and managing your space’s access security just got easier, secure and more flexible, with the innovative access security integration between Nexudus and Brivo, tighten up your security with ease.