There is a rapid change observed in the lives of employers as well as the employees. This change is caused due to the disruption in the business module, which has switched operating on a 24x7 routine.
The Work from Home routine has left individuals feeling secluded and private. However, the same thing has left them feeling broken out of the chain. Means of social interaction and way of social life suffered a crucial damage in the midst of these changes. The pandemic of COVID-19 that was thought to be a boon for employees, has gradually turned into a peak of frustration.
Enterprises working on both national and international levels are gaining consciousness about this frustration, which is why they have started pulling employees out of their home comforts and walking into their office shoes. Although people have cheered for this idea of returning back to office, there is a conscious effort of staying a foot away to avoid being too close to an employee. But organizations don’t work in this fashion. Organizations have to make a managed office space for employees where they can work together in harmony without barriers of social touch or thought! And this is the reason why the idea of coworking shared space on rent can be worked with.
Now, what actually is a coworking shared office space? The concept is erected on the idea of leasing space only to the area that is required. Let’s assume that you are an enterprise which functions in the delivery segment. You employ 20 employees to help your business run smoothly. Now, to have spaces and desks for these 20 employees you require approximately an area of about 1200 sq ft or larger, keeping in mind the comfort that will be required for an employee to operate. Now, you know what you require and still if you still think to lease a space that is way larger than the requirement, then you are adding in expenses without gaining returns. So, why lease the entire unit, when you can occupy only the area that is required? This is where the concept of workspace on rent in the shared sector comes into the picture.
Here are some of the benefits of subscribing to shared workspaces for businesses:
Maintaining Balance: Enterprises operating in shared working spaces get a huge scope at planning and execution of their revenue and expenditure. How is that? Well... Planning and execution of business expenditure falls in place because you become certainly aware of things that you require, ONLY! In this way, your business gains momentum by initiating beneficial employee engagement programs, good policies for employees and other employee benefits. The expenses which were previously spent on building assets can now be used for motivating employees, making them a crucial asset for business. Therefore, an enterprise or business in its honest morality aspires to dream more as well as grow.
Loads of complimentary stuff: Leasing a shared workspace offers more than just spaces to work. Getting a shared workspace can offer you several complimentary services to help employees feel at home. Mybranch for example offers services such as a common waiting area, common reception, meeting rooms, conference rooms, cafeteria, virtual office space for GST registration and many more amenities. These services provide home comfort as well as allow the employees to function at their convenience.
Flexible control: Now, to understand the meaning of this it is important to understand what the term ‘control’ means. Control in this aspect means in the terms of working hours. Businesses need to function according to the will of their audience. Businesses set in India who are catering to international audiences, need to work in shifts. This is to make sure that all queries of the audience are met thoroughly. On one hand, where timing is crucial, other businesses think flexible timings as one of the key requirements. Other things that are included in the list - Flexible agreements, pay-in, pay-outs, flexible security, etc. Renting an area does not come with all this flexibility for any enterprise, whereas a coworking space fulfills this requirement. It allows enterprises to function as per their guidelines and terms and conditions, and not on the terms of property lease owners.
Cost Efficient: Getting an office space on rent is a big challenge. Being cost-efficient is one of the most important benefits of sharing a workspace. The shared workspace culture came under the spotlight because of this feature. MNCs who have adapted to shift their base from renting a property to leasing a coworking space have provided deep results on their revenue front which defined that they have added 10% more revenue by cutting their expenses by 8% annually. This tells us that not only small businesses have grown into profitable audits, but MNCs are also participating in this rally. Large corporations who want to customize the offices as per their demands can avail the services of managed office spaces wherein they can allow their imagination to run the office architecture.
By bringing a culture where businesses unite together and work in harmony rather than being in competition, coworking spaces such as MyBranch, aim to chain all segments with one another to empower the growth of all at one place. By allowing businesses to reach their local customers and allowing them to establish their presence in the most remote area, coworking spaces aim to spread businesses across all corners of the globe, enabling opportunities for all!
