How Coworking is Redefining the Way We Work

More flexible workspace members than ever before are introducing coworking to meet increasing demand from organizations right across the business spectrum - large, small, local, global, freelance and mobile. This style of workspace isn't just shaking up the commercial property market - it's redefining the way people work now. The past few years have seen unstable growth in both demand and supply of co-workingspace in Bangalore. It's still a comparatively young market, but its progression can be closely aligned with the fast-paced development of mobile technology and devices. This is a trend that has increasingly allowed business owners and employees to work outside the office, connecting from remote locations and staying productive while they're doing it.

Flexible working

Businesses—small and large alike are beginning to realize that workers' needs are changing, and the solutions to those needs - such as flexible working - can in turn offer some quite significant advantages. Numerous plug and play office space can lead to a happier and more motivated team, higher output levels and a more competent use of workspace. 

It's all about becoming more flexible, more agile, and more collaborative. In place of long-term, rigid office leases and fixed desk policies, more firms are turning to community-driven space with shared desks that offer an infinitely more creative and inspirational environment. And it's not just start-ups and freelancers who value this business environment. Large corporates and multi-nationals including Google, Vodafone, P&G & Accenture are making the transition, leading to reduced overhead costs, higher employee morale and improved business performance. 

Diverse space

The business centre and flexible workspace community is embracing the plug and play office spaceconcept, and introducing a sundry range of shared workspace to suit their clients' needs. Among them, StartupHuts operates a prosperous standalone coworking concept and they have successfully integrated coworking into their flexible workspace portfolio by offering a unique plug and play office in Bangalore.

It's all part of a cultural and global shift and the need to have flexible workspace - is at the forefront of this transition. As such numerous co-working space in Bangalore are leading the way in promoting a common standard of excellence across coworking communities. The co-workingspace in Bangalore are offering numerous and excellent opportunities to personnel’s who want to shift the way they work and adopt an independent way of doing their job. One can clearly say that coworking is fuelling the 'work anywhere' generation and is redefining the way we work, offering a flexible, collaborative and more positive workplace solution for workers across all walks of business life. 

How to Retain Members as Coworking Thrives

As reported by members of co-working space in Bangalore, four out of five of them plan to stay where they are for the next year and almost two-thirds of members haven’t measured leaving. New data shows an augment in the number of members who work at multiple spaces, a response most likely be linked to an overall increase of members who travel or identify themselves as digital nomads. Another response tied to possible increase in travel or relocation of members is that now one out of five members no longer work from their first space. The least surprising fact proven by member responses is that those who rank their experiences as “poor” are more likely to go away. Rather surprising is the fact that, despite the increased choice of coworking spaces, that members who rated their space as “just average” were not only likely to stay, but the prospect that they would stay has increased.

More coworking members are changing workspaces

With growing options of plugand play office in Bangalore there is a probability that professionals are switching work place but there is also an increased possibility that they will be returning to their first choice. The numerous choices of plug and play office in Bangalore today all point towards a convenience that the with there are numerous options to chose from and it has become paramount for the management of  sharedoffice space Bangalore to try and offer benefits to retain their existing members.  

If a coworking space doesn’t suit someone, they’ll leave it faster

A few months ago, only every second person first joining a badly rated shared office spaceBangalore chose to move on within a year. The ever-widening selection of coworking spaces gives professionals greater mobility and choice. On the other hand, highly rated coworking spaces are managing to hold on to more than a third of their members from one year to the next. Unlike past months, the residence time of professionals is also longer on average at coworking hubs with more members. With numerous choices available today the coworkers want to shift speed to a wholesome experience where they might not have to shell out more.

What works for a sharedoffice space Bangalore like StartupHuts is to calculatedly make connections with everyone. That personal tête-à-tête goes a long way toward making members feel associated to the space and the team behind it. Also keep in mind that some turnover comes with this territory. It's kind of the nature of the plug and play office in Bangalore that coworking attracts people for whom working requirements and employment conditions can change from month to month. Even the happiest members will go away at some point so try to make sure they have an overwhelming time while they are around and you'll potentially turn them into a referral source.

For feedback, don't forget to check back in with your more knowledgeable and veteran members to see how things are going and if they have any advice or criticism. It's tempting to focus your time on catering to the most recent sign-ups, but the ones that have been loyal customers deserve as much if not more attention.

Why Coworking Is Hot

The shared workspaces for entrepreneurs, freelancers and other independent workers tend to feel hip, fun, and casual -- but their success is about much more than cool design. Co-working space in Bangalore– where freelancers, entrepreneurs, and other independent workers pay a fee to share a workspace and benefit from working in the presence of one another – have turned hot. More than 160,000 people worldwide are members of over 3,000 coworking spaces, according to a recent report by DeskMag.com and Emergent Research, up from just 20,000 workers in 500 spaces in 2010.

In his recent book, The Purpose Economy, social entrepreneur Aaron Hurst writes how coworking spaces are a powerful tool for cultivating community among a new class of workers who are driven to organize their professional lives around continuous personal growth, meaningful relationships, and the service of something greater than themselves.

One of the aims of the co-workingspace in Bangalore is to provide people with a safe space where they can be at ease when working. But it also supports members to search shared interests with one another and mutual opportunities that go beyond daily work routines. We also found learning to be an obligatory component of what makes coworking a successful model. Member education is an explicit part of the mission of many co-working space in Bangalore. We saw co-working space in Bangalore supporting member networks, member education and access to professional development opportunities and mentorship. Many co-workingspace in Bangalore also host social events like networking events, happy hours and guest lecturers in order to reinforce learning and community building.

The most successful co-workingspace in Bangalore builds “just right” communities—they engage newcomers as much or as little as they want, without any pressure. Unlike a traditional shared rental office where people largely want a quiet professional space to work without being bothered by others, many coworking spaces curate an experience that allows potential members to try the space and meet other members to see if there is a fit.

But unlike a traditional work organization that does this through the hiring process, coworking has low switching costs for members and doesn’t actually commit them to any aspect of the work experience that is meaningless to them. The result is that coworking gives a non-overbearing sense of belonging to those who want to be part of the community. Coworking also helps people keep good jobs with conventional employers in cases when, for example, they are forced to move for a spouse’s job change. 

Co-Working and real-estate

As business methods such as co-working gain in popularity among companies of varying sizes, the need for space may dwindle significantly. According to statistics, the average amount of space per employee decreased by nearly 50 square feet between 2010 and 2012. A drop from the 2012 numbers of another 25 square feet per employee is projected by 2017. Commercial real estate could be affected because of these lower space requirements.

One of the main reasons for the declining space needed per employee is the plug and play officespace concept, which focuses more on communal work areas than on private offices. A large office was once a sign of success for an employee, but in today's changing work environment, many business leaders are finding a communal arrangement to be more conducive to creativity and productivity. The trend is proving to be popular with both large and small organizations.

Shorter leases provide a better solution for those dealing with significant changes in their company dynamics. A byproduct of the startup business office space approach to business is the availability of excess office space in some companies' facilities as they streamline. In many cases, these spaces are being made available for rent. Some commercial properties are even being developed to address the need for access to formal business space on sporadic terms. Shared office space in Bangalore can range from a few hours to longer periods as these demands are accommodated.

An important part of a company's business plan is the approach to handling day-to-day activities involving both employees and clients. Renting space on a temporary basis could be ideal for early operations. However, an attorney might be helpful for formulating a plan to find more permanent commercial property solutions as the company grows.

“We’re bringing people with diverse backgrounds together. And innovation is really easy to develop, just by doing that,” Hoover said.

In fact, Hoover added, some of the businesses that started out operating in ARCHEloft have grown so much in their time at the facility that they’ve since “graduated” to their own storefronts. He is passionate about the ability of co-working spaces and maker spaces to serve as business incubators for a community.

“It’s a great place to experiment — a low-risk way to try something,” Hoover said. “Maker spaces and co-working spaces are the perfect place to allow innovation. And innovation leads to diversification — which Calgary, I believe, desperately needs right now.”

Millenials love co-working

Millennials are major influencers of office design and will most likely factor into how companies address start up business office space in the years to come. This cohort has even altered the popular and ubiquitous open floor plan work environment because of the noise issue. An Oxford Economics survey found that 50 percent millennials who work in an open environment don't like the noise and wanted "uninterrupted work time." Other millennial-influenced office features include prewired Wi-Fi, game rooms, lounges and nap rooms.

In addition, a PricewaterhouseCoopers and Urban Land Institute report last October also predicted a move toward more shared office space in Bangalore in its annual "Emerging Trends in Real Estate" report for 2016, particularly for "knowledge workers," like lawyers and business consultants, in larger markets. 

Experts have also said that as millennials and younger workers enter the workforce straight from college, more of them are demanding different office environments that allow and encourage the flexibility and movability that they had during university. Younger employees also expect a strong sense of collaboration and integration of technology in their spaces.

The concept of people who share values gathering in an area because of the synergy that happens from working with a group of talented people in the same space can be defined as officespace for entrepreneurs. It provides a source of inspiration, collaborations, networking and an amazing way of getting inspired as well as to create new prospects for your business.

Plug and play officespace provide professionals with the ability to move away from the distractions that come with working from home and get work done. It is usually equipped with amenities such as internet access, audio and video equipment, office equipment, reserved desks, meeting spaces and sometimes a kitchenette. There are numerous advantages that come with co-working especially for the small business owner, work-at-home professionals and entrepreneurs.

You become part of a community with co-working because it brings the feeling of being connected as opposed to being isolated. This helps to develop new ideas and innovations. You even get to communicate your ideas to people who share your vision and work together towards achieving your common goals. There are a number of factors to consider when choosing a co-working space and they include:

If being in a professional environment will make you more productive.

If exposing your clients to other businesses bring about the issue of competition.

The cost of the co-working space and how you will be paying, will it be in monthly installments or prepayment for a given amount of time.

In the long run, only you as the business owner can make the decision on what really is the best move for your business and if having a co-working space will result in more benefits.

Plug And Play Office in Bangalore, Plug And Play Office Space,

Women and coworking

The spread of coworking spaces and plug and play office space could be the beginning of a major shift in the corporate climate – especially for women. Studies have found that the flexibility and autonomy associated with coworking yields greater productivity and happiness among employees. As the idea progresses, companies of all sizes are beginning to adopt the office spacefor entrepreneurs model in their own environment.

Women have a unique opportunity to gain from a changing workplace that favors flexibility. The majority of caretakers are still women – meaning it’s mostly women who have to leave their office jobs or work around an inflexible schedule when called to act as a caretaker to an aging parent or a child. In the long run, this leaves women marginalized or undercompensated across the workforce.

But as we shift to a sharedoffice space in Bangalore model – one that relies less on 9-to-5 routines and long commutes – work can remain an important piece in the lives of the many women who take on other, often unforeseen, responsibilities. Female-owned businesses play an important role. According to an article in the Huffington Post, women-owned firms have an economic impact of $3 trillion – that translates into the creation or maintenance of 23 million jobs, or 16 percent of the United States job market.

If each of those female business owners created a work environment that complemented the unique role women play in society — in part by recognizing that there is much to gain by making work fit seamlessly with familial responsibilities, and by creating opportunities for women to help one another — it could have a major impact on the workforce across the board.

Female-owned start upbusiness office space take this shared growth a step further.