Tech-Wonders.com

Menu
  • Apps
  • How To
  • Gadgets
    • Mobile
  • Software
  • Technology
  • Sitemap
  • Contact Us

Tech-Wonders.com » Jobs

The Future of Co-Working Spaces

Will co-working transform the ‘office’ for ever or will it end up being only marginal change to an entrenched office culture? Some call it a revolution. Others dismiss it as a millennial fad. Co-working or Coworking Neon Sign photo At the root of the rapid adoption of co-working is the shift in society’s aspirations from productivity to well-being. Small and large companies are waking up to the fact that short-term productivity is a small gain compared to the long-term benefits of encouraging a work environment of individual well-being and personal autonomy within a diverse, collaborative community. Logging working hours is passé. So is coming to work at 9 and shutting down sharp at 5. Co-working has changed the way we think of ‘work’ and ‘play’. It has struck a blow on rigid workplace hierarchies that, for many generations, held back the flow of ideas across seniority and skillsets. With large companies set to occupy a major share of total co-working space, there is little doubt that co-working is here to stay. In time, it will not remain a disruptive, new concept however. It will become the norm and the benchmark for a customisable workplace.

What is in the future?

1. The boundaries between the ‘old’ and the ‘new’ office merge. Startups as well as large companies enjoy equal access to office infrastructure – working from meeting rooms in Bengaluru, desk space in Delhi and training rooms in Gandhinagar is common. Catering, kitchens, lounges, sports and fitness facilities, hot-desking, community areas, shared training facilities and conference rooms become de rigueur for not just the big players but also for small and medium-sized company as well as independent freelancers. Long-term leases become a thing of the past. The flexibility of co-working is the least that employees expect from their employers.

2. The co-working industry has more players catering to niche markets. With growing investor interest in the co-working industry and large companies embracing the concept, the co-working space providers run more profitable, financially stable operations. There is an increase in small local players. Global players emerge and cross over international markets. Competition increases and this leads to consolidation. Co-working space providers differentiate their offerings for niche markets – laboratory as a service, shared production and testing equipment or multi-user design studios become commonplace. The clientele for co-working widens to include industries as diverse as telecom to crafts to banking or real estate.



3. Companies value results over physical co-location and face-to-face time. Due to the ease and affordability of setting up, scaling and winding down offices, companies take their branches to as many places as there is talent. Offices ‘travel’ to talent instead of the other way around. Employees mature and manage their time, furnish results without being ‘monitored’ by a ‘boss’.

4. Co-working spaces become innovation hubs. From these hubs are tackled some of the world’s most pressing problems. Companies invest in locating their teams in shared workspaces where ideas take ground organically, people learn from each other so that inter-domain, inter-organisational exchange evolves truly ‘out-of-the-box’ thinking. Not just those in business but those in education and science and governance and policy also choose to work from co-working spaces.

5. Co-working spaces function as community spaces where people seek human connection to counter the isolation and independence enabled by remote working. With advancement in internet and communication technology, more and more people work independently or as part of a geographically distributed team. While this is convenient and efficient, people crave ‘real’ contact with other people. For this, they flock to co-working places, participate in social and professional events and rejuvenate themselves through the community.

About The Author

Ananya Singh

Name of Author : Ananya Singh

Author Bio: My name is Ananya. I’m a freelance content writer, copyeditor, copywriter and proofreader with more than 4 years’ experience based in Mumbai, India. My writing experience encompasses many guest blog posts and renowned magazines.

Tweet
Share
Linkedin
Whatsapp
Reddit
Email
Prev Article
Next Article
Tags:Business Coworking Coworking Spaces Productivity Tools

Leave a Reply Cancel Reply

Ezoic | Increase your site revenue | AI for your ads

Recent Posts

  • How WhatsApp is Revolutionizing the Hospitality Industry
    How WhatsApp is Revolutionizing the Hospitality Industry
  • Chatting Through Dot and Dashes With the Help of Morse Code Translator
    Chatting Through Dot and Dashes With the Help of Morse Code Translator
  • How Technology is Tackling School Safety
    How Technology is Tackling School Safety
  • How to Sell Your Used Mac?
    How to Sell Your Used Mac?
  • Relax and Enjoy Online Puzzle Games on These Beautiful Sites
    Relax and Enjoy Online Puzzle Games on These Beautiful Sites

Categories

  • Apps
  • Big Data
  • Blog
  • Books and Reviews
  • C Programming Language
  • Cars
  • Certifications
  • Chemistry
  • Computers
  • Data Warehousing
  • Ecommerce
  • Electrical
  • Electronics
  • Engineering
  • Entrepreneurs
  • Facebook
  • Featured
  • FinTech
  • Fuzzy Logic
  • Gadgets
  • Games
  • Gmail
  • Google
  • Google Plus
  • Health Tech
  • How-to Topics
  • Infographics
  • Instagram
  • Internet
  • JavaScript
  • Jobs
  • LinkedIn
  • Marketing
  • Mathematics
  • Microsoft
  • Mobile
  • Numismatics
  • Online Earning
  • Pinterest
  • Plagiarism
  • Programming Languages
  • Python Programming Language
  • Real Estate
  • Road Transport
  • Salesforce
  • Science and Technology
  • Security
  • SEO
  • Social Media
  • Social Networking
  • Software
  • SQL
  • Swift Programming Language
  • TikTok
  • Travel
  • Troubleshooting Tips
  • Twitter
  • Web Designing and Development
  • Websites
  • Windows
  • WordPress
  • YouTube Tips and Tricks

Tech-Wonders.com

Technology Blog

About the Admin

RamaRao Bobby Hi there! I am RamaRao Bobby, Founder and Editor-in-Chief of
Tech-Wonders.com, Kakinada’s Top Technology Blog.

I am an avid Dog Lover and Tech Enthusiast. Read More

  • Archives
  • Disclaimer
  • Privacy Policy
  • Featured Comments

Recent Comments

  • Bharat Watane on Best Top 10 Marathi Websites and Blogs
  • Shree Dnyanopasana on Best Top 10 Marathi Websites and Blogs
  • Angela Bordio on 6 Online Resources for Improving Your Job Search
  • Deekshitha on Here’s All You Need To Know About Machine Learning And Why AI Is The Future
  • Akshay Sharma on Scaling Your Cloud Services When Employees Work From Home

Always Remain in Touch

Subscribe

Copyright © 2023 Tech-Wonders.com