There is a growing trend of large corporations using coworking spaces. Some technological giants, such as IBM, Microsoft, and Verizon, are testing the use of coworking spaces for employees so they can be close to and easily interact with innovative startups.

Coworking creates a collaborative workspace, a new concept which is growing like wildfire because of how well it works for solopreneurs, start-ups, small businesses as well as remote workers.


The following are 4 reasons why I believe employers can benefit from sponsored coworking.


1. REAL ESTATE EXPENSES

It's a fact. Coworking reduces businesses expenses when it comes to a variety of different operating costs with the biggest being real estate. As your company is growing and evolving this is important, requiring more or less employees to maintain. Colliers International estimates that coworking decreases business expenses by approximately 16%. Businesses can save on leasing, rates, insurance, utilities, furniture, office supplies and technology as well. Companies can just pay a monthly fee to the coworking company and notice savings immediately. A seasonal business can expand temporarily during their busy season without having to fork out on an expensive (and long-term) lease. Businesses who use coworking spaces can also better accommodate employees that travel a lot or if they need to work on a project off-site.


2. PRODUCTIVITY

A happy employee is a productive employee. Coworking spaces have proved to increase happiness in employees and reduce stress. Coworking employees find they are more creative due to collaboration with alot of different networks. Deadlines are better met thus productivity is higher. For remote workers who work from home, isolation is negated as focus and drive is increased due to human interaction. Coworking is conducive to knowledge sharing and allows companies and their employees to tap into ideas they would not normally have exposure to.


3. PERSONAL AND CAREER GROWTH

For those employees working from home loneliness and focus can be a big issue. Employer sponsored coworking can alieviate this as these spaces provide human interaction thus increased learning and growth potential through such interactions. With a diverse group of other coworkers, they are able to brainstorm and ask advice. People learn better from other people thus better able to grow their network. A larger network is great for both the business and employee. Research has shown that over 70% of empoyees feel they are better heard working in a coworking setting rather than a traditional office setting.


4.TALENT ATTRACTION AND RETENTION

According to Annual Global CEO Survey done in 2015, 73% of CEO's reported availability of skills as a serious concern. Companies need to provide a wider range of work settings tailored to the new way of working. Companies who sponsor coworking are answering the new reality of employees expectations and technology enabled ways of working. Coworking can provide employees with the mobility and flexibility they are seeking. Coworking provides an alternative work setting, which appeals to the Millennial generation, supporting recruitment and retention.


There are many more reasons why a business/employer should consider sponsored coworking as an option for remote workers. Coworking is the future of the business world.


Feel free to contact us here at CoWork Mallow to see how we can benefit your employees in our coworking space. We have plenty options available with no contract.











  • coworkadmin

Updated: Oct 1, 2019


Coworking is not a foreign concept model. More and more people are turning to this model due to the high returns and benefits such as; increased productivity, reduced overheads and environmentally friendly workspaces. According to research by Deskmag, the number of coworking spaces is doubling each year. Recently even large multinational corporations are using this model to reap the benefits.


Some of the core values of coworking include:


  • Community

  • Openness

  • Collaboration

  • Accessibility

  • Sustainability


These core values add up to Diversity. This is one of the key reasons why people want to be part of a coworking environment. Diversifying with people from different backgrounds, interest, experience and thinking allows them to broaden their vision/horizons.


How to achieve Diversity


Diversity can be achieved by bringing together people from different backgrounds, perspectives and opinions thus sharing a feeling of mutual collectivism.


This is one of the top reasons in opting for a coworking space. According to Harvard Business Review, people are more likely to thrive in coworking spaces than in regular office settings.

Another article by Harvard Business Review suggests that increasing social connections at workplace results in increased sales. It illustrates how a team was able to attain an increase of 20% in sales just by strategically re-positioning a coffee machine and a new cafeteria area.


Why Cowork


We all prefer to be part of a diversified community while working to achieve our goals on a personal, business or company level. While working from home with no additional expense or a solitary independent office are easy options, we still opt for community. Connection with others is the big reason we prefer community-based learning.


Come join our community here at Cowork Mallow today and achieve your community work experience.


Updated: Oct 1, 2019


Co-working culture is establishing itself as a key component of modern business models.

Co-working is increasingly becoming the new norm, fueled by the fact that for many businesses it makes economic sense. Predictions are that the current 16,000 co-working spaces across the globe will increase to over 30,000 by 2022.




Latest research from the UK suggests that as many as 92% of young workers aged 18-24 feel they work best outside of the home. With companies trying to cut costs via flexible working, this data suggests that co-working spaces have a real edge versus working from home.


There are many reasons why working from home can negatively affect performance as well as mental well being. Remaining in the home makes it difficult to separate your private life from work. It also takes a lot of self discipline from staring into the fridge/TV or heading out into the garden along with many other distractions.


Basing yourself in a co-working space helps stop the distractions, increases motivation/productivity and also decreases feelings of isolation which being stuck at home can bring on.


By offering your team members a co-working culture, you can enhance the level of employer-employee trust. This can have a surprisingly powerful impact on the success of your company. Giving the flexibility of co-working to your staff also tells them you trust them to know what they need in order to work with maximum efficiency and creativity.



Help small teams to network and grow



Co-working has the power to help you create valuable relationships with other SME owners or freelancers, supporting a diverse range of collaborative opportunities. Every day gives the chance to meet new contacts, creating relationships that simply would not exist if you were working from home or in a private office.


Many Co-working spaces have networking events organised which help small teams feel part of something bigger. This type of working environment gives space to increase creativity, come up with innovative ideas and create pathways that can boost your company's growth. When you pair entrepreneurs together experiences can be shared and in some ways you can push each other to become more productive going forward.


Generation Z


Younger workers are growing up expecting increasingly flexible working environments. Generation Z, with workers aged 16-24 are intuitively aligned with co-working. This generation feels that a fun working environment is vital for a successful company culture.


Working together


Companies like Google and Facebook have created a new world in what office culture should look like. If your planning on attracting a new wave of talent, then its necessary that you evolve too.


Co-working culture is establishing itself as a key component of modern business models. If your start-up company wants to save money, boost growth, increase creativity and cultivate success in a rapidly evolving world, then it is logical it will benefit from a flexible work ethic in which co-working plays a major role.


Contact us here at Cowork Mallow to see how you can save your company money, gain more flexibility and increase productivity. We will be happy to show you around and work with you.




©2018 by CoWork Mallow