Any discussion on the future of the workplace is likely to mention the rise and growing significance of co-working.
Co-working spaces are popping up across the globe. In fact, there are claims that the UK is among one of the most responsive European countries for embracing collaborative working – especially in London.
In a report published last year, Deloitte explains how co-working is attractive to firms who demand flexibility, like small and fast-growing businesses, as well as freelancers, tech and media companies, or any business that thrives in a modern workplace.
It’s also ideal for companies ‘geared towards the millennial generation of worker and those that like to work in a vibrant community with like-minded people,’ it explains. ‘Collaboration, networking and of course at times the “cool” factor are descriptors for co-working.’
To use Deloitte’s definition, a co-working space differs from the traditional service-office model in that co-working tenants, or members, share facilities like printing, phones, furniture and operational support, while splitting costs associated with the property, internet and energy.
A perfect space for young professionals?
We spotted another article tackling the topic last week on the Droidmen website. It recognises that in this day and age, it’s very common for people to work remotely or from home, citing a study from company IWG that found at least 70% of professionals work remotely at least once every week, and 53% at least half of the week.
The young people who work remotely expressed a desire to carry out their daily tasks in a co-working environment. Droidmen offers three reasons why they’re drawn to these types of spaces:
1. A sense of community
While most of us appreciate peace and quiet every now and then, working solo for days on end can take a hit on productivity and morale. There’s a strong sense of community among members in the majority of co-working spaces. While they provide a space to meet like-minded people and form friendships, they’re also great places to bounce ideas off one another and gain fresh insight. In this sense, they’re great places for fostering innovation and creative thinking.
2. Networking opportunities
Young professionals are career-driven and appreciate how important networking is to success. A co-working space is filled with experienced people with different skill sets, backgrounds and areas of expertise, meaning they provide ample opportunities for networking. It’s really no wonder 74% of co-workers are more productive.
3. Great perks and facilities
As you would expect with a modern work approach, the majority of co-working spaces are built with the worker in mind. They’re creative, engaging and relaxing spaces, providing all the standard facilities and often more – like complimentary meals, gyms, bars and even a concierge service. You can see why they’re such a hit among young professionals. If you manage a co-working space that needs redesigning, or you’re considering opening one, we can help with the entire process, from design to build and supply. Get in touch with the experts at Kerr today to find out more.