There’s something distinctive with coworking spaces. Researchers who have for many years, examined the way employees perform in these spaces, we were shocked to find that those who are part of them report levels of satisfaction that exceed an average of six on a scale of seven. At least one percent higher than what is the norm for those who perform their work in normal workplaces. It’s so rare that we decided to examine the data once more.
It was a good fit. So we wanted to know what is it that makes coworking spaces – defined as workspaces that are based on membership in which different groups of freelancers remote workers and freelancers work in a an environment that is shared and communal and are so efficient? What are the lessons to be learned from traditional offices?
To learn more the truth, we surveyed several coworking space owners and community managers. We also conducted surveys of a number of workers from coworking spaces in dozens throughout in the U.S. A regression analysis after our survey revealed three significant predictors of success:
Coworking users believe that their work is significant. Apart from the kind of work they’re engaged in by freelancers who pick projects that they are passionate about, for instance our respondents said they found significance in the fact that they could bring their complete themselves to work. They can do this in several ways.
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The first is that, unlike an workplace, these coworking areas comprise of employees who are employed by various companies or ventures as well as projects. Since there isn’t any personal competition or internal political issues They don’t feel that they need to dress in an appearance to fit with the rest of the group. Being in a group of people who are doing various kinds of work can create a unique professional identity more recognizable. Our participants were offered the opportunity to often describe their work and this can help make their work seem more intriguing and unique.
The second, more important aspect of meaning could be derived from working in a workplace in which it is common to assist one another and there are plenty of opportunities to help each other and the diversity of people within the workplace implies that each coworker has unique abilities that they could offer to fellow community members.
In addition, the meaning could be drawn from an even more concrete source the social mission that is embodied within the Coworking Manifesto, an online document signed by coworking members from over 1,700 workspaces. It clearly defines the values which the coworking community aspires towards, which include education, community, collaboration and sustainability. These values are reinforced at each year’s Global Coworking UnConference. In many instances it’s not just the case that an individual will work, but they’re also part of a larger social movement.
They also have greater control over their jobs. Coworking spaces can be accessed all hours of the day. It is up to the user to decide whether they want to work for an entire day of work in case they are working towards an obligation or need to make the progress they have made, or to take a rest during the day to hit the fitness center. You can decide if you prefer working in a space that is quiet so they can concentrate on their work, or work in a open space that has tables that encourage interaction. It is also possible to work from home without penalty, in the event that they have to visit an repairman or address the needs of a family member.
While coworkers appreciate their autonomy, we realized that they are equally interested in some kind of structure in their work lives. A lot of autonomy can reduce productivity due to the absence of routines. Work colleagues have reported that having a group that they can work in allows them to develop structures and create discipline that drives them. In a way, a specific form of structure allows the highest level of control for self-employed workers.
Feel part of the larger community. The connections with other people are the main reason people are willing to pay for an environment that is communal rather than working from home or renting a boring office. Every coworking space has distinct vibes and the owners of each one will go to great lengths to provide an experience that is unique and meets the requirements of their members. Grind is an example. is a rapidly growing network of coworking spaces located in New York and Chicago. Anthony Marinos, who oversees Grind’s community management, marketing and member services, told us “When you think about cultivating our Grind community We’re focused on the human aspect. We’re as much an hospitality business as we are as a workspace service. Our employees know all of our members’ names and the profession they work in, and we’re constantly making connections to Grindists.”
WeWork was able to record the value of $5 billion in December, explains how it “seek[sto build an environment where you can belong as an individual,’me however, you are part of a larger “we. ‘”
However, it is crucial to remember that socializing isn’t a requirement or a necessity. The members can decide the time and manner in which they connect with each other. They are more likely to engage in conversations over coffee at the cafe since they go to the cafe with that reason. And when they’d rather be to themselves elsewhere within the building, they’re. Our research revealed that some employees are more social with coworkers less than others, they had a sense belonging to the group. We believe that this is due to coworkers recognizing the possibility of interaction in times of need or desire. these interactions.
What are the implications for traditional businesses? Although the concept of coworking is rooted in entrepreneurs, freelancers and tech companies but it’s becoming increasingly applicable to many different types of people and companies. Actually, coworking could be incorporated into your company’s strategy and aid your employees and help your business flourish. A growing number of businesses incorporate coworking into their business plans in two different ways.
They’re also being utilized as a second option for employees to work. Michael Kenny, Managing Partner of Co-Merge in San Diego, Co-Merge said, “In the past year and one-half, we’ve noticed an increase in the utilization of these spaces by corporate employees. We’ve seen teams move in to utilize various meeting rooms that are available on demand. We have clients from worldwide enterprises with thousands to hundreds of employees who utilize the rooms not just for their employees who are scattered to be productive and also to draw employees who want a flexibility in their work schedules and workplaces.”
Grind is also seeing growth on the part of workers from remote locations joining the company. “We don’t have to approach large corporations, they typically visit us,” Anthony Marinos says. “We’ve employed employees from Visa and journalist from Chicago Tribune, and even employees of large financial institutions. They all work from Grind.”
A break from work at coworking spaces can generate fresh ideas. Rebecca Brian Pan, the COVO’s founder COVO and the former chief operating officer at NextSpace, shared the story of how Ricoh’s innovation team worked at NextSpace Santa Cruz over a few months to observe how members work and what they encounter as issues. Based on the insights of members, feedback, as well as their personal observations The Ricoh team looked at a variety of innovative products that could assist members in their day-to-day work , and then chose the one with the highest rating to explore. The result of this work was that Ricoh released the product worldwide as the Smart Presenter, a paperless meeting solution.
The lessons learned from the coworking space can be used to improve corporate offices. It is important to foster flexibility and encourage your workforce’s mobility but there’s also an vital aspect of creating the proper type of workplace within the walls of your office. It’s not just about making open-plan designs or adding a coffee bar.
In the real world, employees must be able to create their work to give it an objective and meaning. They should have freedom and control in their work environments Many organizations are now following the best practices in planning of offering an 1:1 ratio (or similar to it) of seats at desks and seats in communal settings that can be used for working in a quiet setting or with others.
The companies are also trying to make connections more accessible by allowing people to connect and form a community that goes beyond workplace meetings. Coworking spaces are a good where to seek guidance because they often organize networking events, training programs, social events as well as summer camp. Some businesses are going farther, however. Rich Sheridan and James Goebel who founded Menlo Innovations in Ann Arbor, Michigan, recently expanded their office to 7,000 sq ft that startups and entrepreneurs in the early stages can collaborate with Menlo programmers to create the development of communities and encourage innovation.
In a sense the company is actually re-engineering its office to become an office space that can be used as a coworking area.
Our research (which is ongoing) indicates that an environment that is well-designed and a well-curated workplace are a key reason that people who work together have greater levels of happiness than office-based counterparts. However, what is most important for a high level of flourishing is that those who work together have a great deal of freedom and are able to be themselves while working. Our suggestion to traditional businesses that want to benefit about coworking is to provide employees the space and encouragement to be their most authentic self. This will result in employees who are more loyal to the company, and more likely to bring their best ideas and ideas to work every day. Even if it’s the corporate headquarters.
Flexo
Inspire Hub, Sahayog Nagar, Bhudargarh Colony, Andheri West, Mumbai, Maharashtra 400053, India
+91 95133 92400
flexospaces.com
