Investment Decision

Can Coworking Help Improve Employee Productivity?

After COVID 19 grasped the entire world in 2020, our lives changed completely. Businesses had to learn to adapt to what was now known as “the new normal” or risk perishing away. Smaller and medium sized entrepreneurs incurred fatal losses and had to close shop due to being unable to adapt as fast or as effectively as their larger, corporate counterparts. It is around this time that coworking spaces started becoming more commonplace. Coworking spaces can often be very helpful, especially for startups or smaller organizations that cannot afford to rent or buy their own premises.

The traditional corporate environment experienced a massive shift with the advent of coworking spaces. It broke free from the conformity of the typical workspace, and instead of the usual cubicles and rooms, there were more open rooms and informal seating that would allow multiple companies to work alongside one another. Here are some highlights as to the major reasons behind how coworking spaces could help improve employee performance and productivity:


Improved communication

Bouncing ideas off of one another and brainstorming with coworkers might be an amazing idea, but for many organizations it might not be a feasible option on a regular basis. With coworking spaces, people from different departments can easily come together to share ideas, thus saving time that would otherwise be wasted in going to a different place to brainstorm and share ideas.


Sparking an Environment of Collaboration

If different offices are sharing a coworking space, this could definitely spark a collaborative environment. It could potentially create the perfect setting for professionals to interact with individuals from a variety of industries and backgrounds, encouraging knowledge exchange and fostering collaboration.


Work Flexibility

With coworking spaces, the space can be booked keeping the team or organization’s requirements in mind. This means that the team can choose to book the space according to a time that is feasible for them; allowing their creativity to take center stage.


Work-Life Balance

Since professionals and organizations have the freedom to work in a coworking space as it fits their schedule, they can easily arrange it around other activities in their lives. When they have errands to run or important tasks at home that need to be attended to urgently, they can easily cater their work schedules accordingly. Coworking spaces are a step-up from remote work or work from home as they provide flexibility without the isolation.


Sense of Community

When you work within an organization in a coworking space, you will develop a strong sense of community. Often you will share your workspace with other like-minded professionals that share similar goals and ambitions, which will work towards creating a positive motivational atmosphere for you. In fact, coworking spaces could even host social and professional networking events where individuals can mingle, connect and learn from one another.


Technological Support

Often when we work from home or remotely, if we experience any technical glitches or issues, our entire workday could come to a standstill. As coworking spaces have individuals from different sectors or organizations working alongside one another, you can try and ask for help for anybody working around you, and chances are that your technical issues will get resolved instantly.

Working in coworking spaces has a lot of benefits, and employees who spend more of their working hours in such an atmosphere undoubtedly are better suited to nurturing positivity and goodwill as part of their work environment. A positive mindset will inevitably lead to better performance and increased productivity amongst employees.