Co-working spaces – could they work for your firm?

Co-working spaces were once the preserve of freelancers and creative types. Now medium to large sized businesses are getting in on the act too.

The modern workplace is evolving.  First, we had flexible working. Then we had remote working. Now we are seeing an increased demand for co-working spaces – workspaces which are shared by people who don’t all work for the same firm.

So why have co-working spaces become so popular? Technology has allowed people to become agile workers, who can now work from anywhere and at any time. These team members are no longer tied to a specific office. However, working remotely can lead to team members feeling isolated.

Co-working spaces allow remote workers to engage in a community, without having to commute long distances into city centre offices. This has led to huge growth in co-working businesses such as WeWork, LABS, CoWorker and many others.

The cost of using a co-working space is often cheaper than commuting into a major city every day. Outside of the cities, it is possible to subscribe to a co-working space costing anything from £100 up to £1,000 per month (depending on the facilities that you require). Most co-working spaces offer anything from hot desks, all the way up to dedicated desks, private offices, meeting rooms, etc. Many co-working spaces also offer regular social events for members, such as after work drinks, etc.

If your business is prepared to embrace agile working, you can benefit from a happier team who can work from a co-working environment which has fast Wifi and all of the business amenities they need to have. In return, your team members can cut down on commuting and enjoy a better quality of life, on their own terms.

We all know that happier team members tend to stick around, so co-working spaces could provide an opportunity for you to retain good people. In addition, you can reduce costs – if more of your team are working remotely, you need less office space. Depending on the type of business that you run, and where your people are based versus the office, co-working spaces can offer an attractive and cost-effective option.

Have you considered co-working spaces to enable your team to work more flexibly?  If you require help deciding if this would be the right option for your business, give us a call on 01733 371180.

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