Thanks’ to globalization; we are working in shared and innovative economic culture. Where boundaries are vanishing and the social circle is expanding. The trend is leading to the rise of co-working spaces in India, a work culture where professionals, entrepreneurs, and freelancers belong to different ideas come together and work under the same roof.
India is a country with the second-largest Human resource in the world – the surge of startups and a new generation who promotes the idea of cost efficiency prefer co-working space.
Co working: A trend on the rise
The concept of co-working space is a western adaptation. if we talk about today’s scenario- A research by property consultants JLL India analysis that by the end of year 2018, shared office space in India will grow by 50 percent.
A cost-effective alternative to renting and leasing
Most of the startups and an increasing number of companies prefer shared office spaces to lower rentals, savings on maintenance costs, housekeeping facility and etc. while using co-working space a company can save many costs related to maintenance cost, office boy cost and etc up to 30% of the cost can be saved in co-working space.
The easiest way to achieve your objective is to help your team by adopting the co-working space trend because most of the co-working space has metro connectivity which helps their team in time efficiency and co-working space are decorated by colorful interiors and diverse settings that offer a welcoming feel. working in this environment boost the confidence of the team and help to increase productivity.
Scale up or scale down: It’s up to you!
The reason that makes co-working space different from a traditional office is that – for example, if you rent a traditional office you have to pay for the full space doesn’t matter what is your team size and also after some time if your team is large then you have to shift other place but the issue of scalability totally resolved in co-working space concept you can easily increase or downsize your team as per your requirement.
The change that shared office spaces are introducing is not just physical, but also mental. As this can be analyzed that the People who work in co-working spaces has a low-stress level as they don’t feel work load. Work for these people is not something that pays the bills, but something that inspires them to do better, stay motivated and make them happy.