Top 3 Benefits Of Co-Working You've Never Realised Before

Co-working spaces are still considered a relatively novel idea in the long history of the work place. However they've been ahead of the game ever since their inception in the 60s. The benefits of co-working for both businesses and employees alike are becoming increasingly clear. As the world experiences the extreme end of being fully remote during the COVID lockdowns, we explore 3 unexpected reasons you may be looking forward to returning to the new world of work.

{{divider}}

1. You Get More For Less

{{divider}}

It may almost sound too good to be true, but most co-working spaces are able to deliver more, while being better for your bottom line. The pooling of resources presented by the shared economy means that this win-win scenario is fast becoming the 'new norm'. High rental fees, lengthy bureaucratic processes and inflexible leases are yesterday's news - so don't get left behind!

{{divider}}

The longevity of a business is closely tied to its ability to adapt to changes in the environment, and the economic benefits of co-working spaces have evolved to accommodate demand. It's a common misconception that the benefits of co-working are only for freelancers or start-ups. Many larger brands and corporate companies are finding that smart offices, flexible contracts and private workspace arrangements offer everything they need.

{{divider}}

Three main ways your overheads may be lowered are through: more effective use of space, all-inclusive fees, and forgoing furnishings. Flexible arrangements mean that you only pay for what you use, allowing your business to physically expand and contract as and when required. Monthly-rolling memberships include access to all the benefits of a fully-furnished co-working environment including concierge, lounge and kitchen facilities, meeting rooms and smart offices equipped with the latest workplace technology.

{{divider}}

2. Combine The Best Of Both

{{divider}}

Another common misconception, is that delivering more fun, inspiring and innovative places to work compromises on efficiency and professionalism. In fact, the reverse has been found to be true. When employee wellbeing is made a priority, people become more engaged, committed and driven to succeed. This creates a positive karmic loop back into your business, feeding greater productivity and results.

{{divider}}

The streamlining of processes offered by the industrial and technological revolutions initially promised improved work-life balance. However, employees now take their work home and grind longer hours than ever before. This unsustainable workplace culture has fed much of the burn out epidemic spreading across the nation. In order to secure longevity, the wellbeing benefits of co-working need to become more widespread.

{{divider}}

Similarly, the shift to fully working from home has meant many employees now can't wait to return to the office. As the lockdown eases, workplaces are increasingly adopting a hybrid approach. This combines  the autonomy to choose to work from home, with the benefits of local co-working spaces and satellite central office head quarters. The newfound freedom within work allows people to adapt their circumstances to meet their changing needs, producing a more responsible and vibrant workforce.

{{divider}}

3. Hire The High-Flyers

{{divider}}

One of the biggest challenges businesses face as they expand starts at the hiring process. A company is only as good as the faces behind it. However, sourcing the right fit for your needs is easier said than done. The greatest benefit of a co-working space is getting to know your neighbours. Being part of a diverse environment, united by a common vision, means you're more likely to know exactly the right person for the job.

{{divider}}

At X+Why all members are required to sign our manifesto before joining - a commitment to walking the walk, not just talking the talk. This dedication to practicing better business through a focus on people and planet, alongside profit, ensures a cohesive and likeminded community. The benefits of a strong co-working community translate into better employee mental health, a work-life balance combining the best of personal and professional worlds, and a more motivating and stimulating approach to work.

{{divider}}

Skill-sharing is another co-working benefit which is often taken for granted. In no other work environment will you find yourself in such close proximity to an assorted network of high-calibre skills, that come personally recommended. Co-working spaces facilitate this process through intranet directories, private members apps and exclusive community events. With co-working spaces being home to independent freelancers, start-ups and big businesses alike, you're sure to be less than 6 degrees of separation away from your next opportunity.

{{divider}}

The benefits of co-working for both urban and local communities, employees and businesses, are transforming the world of work. It's no surprise that demand for such spaces is soaring, as we inch towards the new normal. With personalised options to suit every need, book a tour today to find out how co-working could benefit both you and your team.

{{divider}}

‍