Coworking spaces like WeWork signify the future of workspaces for many companies. With over 800 locations in 124 cities and 36 countries, WeWork fully embraces being in accessible, centrally-located places to attract the best talent and most innovative companies. Their open floor plans are edgy and modern to encourage flexibility and freedom from having to work at a desk, including living room-style setups, airy glass conference rooms, and phone booth-style pods for quiet meetings or privacy. They also offer the tech (WiFi and IT support) to ensure undisturbed productivity and workflow. But these amenities do not come for free. In fact, coworking spaces can run more than $700 per month depending on the location and company needs.
But for those companies who are not yet ready to make the investment, it’s possible to create the coworking experience with a few business model adjustments.
Stay Current on Future of Work Trends
According to our research, today’s workforce wants freedom, which is a key aspect that coworking spaces offer. Incoming generations of talent do not want to sacrifice their living situations for a job but instead expect companies to meet them where they are. To combat this, offer flexibility. Consider breaking down existing barriers to flexible work and adopting remote working options for existing and incoming employees. Take a strategic look at your business model and think about the necessary policy changes to make remote work possible and successful.
Assess Your Infrastructure
In addition to offering flexibility, having the infrastructure to support a modern workforce is key to coworking success. The ever evolving nature of technology means there are multiple options to support business needs. The same collaboration apps found on phones, such as video conferencing, can now be used in the office. Other tools such as screen sharing, instant messaging, and project managing tools make it easier for teams to work together in real time, regardless of their location. According to Gartner, cloud-based communications remains a steadily-growing enterprise, with more and more companies recognizing the cost-saving benefits.
Time to Redecorate?
In addition to flexible workspaces, WeWork’s offices are stylish and aesthetically pleasing. This is clearly important, given that the average per person spends about a third of their life at work and our environment can have a direct impact on well-being. See the amount of time spent at work as a chance to look at your own layout. Is the cubicle style setup impeding on creating a collaborative culture? Think about the fact that not everyone is productive by sitting in the same space for an entire workday, so offer physical flexibility both inside and outside of the office.
Get To Know Those Around You
One of the best ways to encourage collaboration and coworking is to get to know the other departments within your company and businesses within your building. As a rental-style coworking space, WeWork offers companies and individuals the opportunity to interact with people outside of their field. It’s easy to get lost in the daily grind of tasks and projects within the day but being open to meeting new people could spark a new idea or business opportunity.
While coworking is often about finding ways to increase collaboration and productivity, it’s also a great time to be innovative and creative in adapting a company’s culture to being employee-centered. By supporting your workers by acknowledging how and where they do their best work, employees are more strongly incentivizing to work hard and smart each day.