What Is Coworking? Everything You Need To Know

Coworking: A Basic Definition-

Coworking is basically defined as more than two people assembling in a neutral space to work on similar or different projects at the same time.

Some key points regarding coworking to understand the term better:-

• The people who get together on the same roof are not necessarily from the same company or business.
• Coworking spaces provide the same amenities as that of normal corporate working spaces or jobs.
• The coworking spaces also have similar basic facilities as of a normal 9-5 companies like wi-fi, arrangements for tea or coffee, snacks, printers, oven, conference rooms, etc.
• Some also have similar startup resources like advisors, couches, digital assets, etc.
• There are basically 4 types of coworking spaces available including- Open workspaces, private workspaces, ventures/ incubators, industry- specific.

Some Benefits Coworking Brings Along- 

Networking

These spaces help the people to gather with people of different skill sets and regions and thus they can have an interaction and make contacts with them and share their work experiences and exposures as well. This further can help with extending your own business or finding a perfect partner to have a business partnership with.

Outside Exposure

For freelancers and remote workers, who get completely cut- off from the outside environment due to sitting all day in their rooms and working day and night alone can have an exposure to the outside world by joining these coworking spaces and having interaction with other working people. This can help them with changing areas of work and also making friends.

Flexibility 

If it’s corporate and 9-5 job status, people need to show up everyday and work for decided hours to get a salary at the end of the month. However, with these coworking spaces, it became a choice to come or pay and can skip one day in a week or maybe two or can work the hours according to their mood and personal life choices and demands.

Community

A good space to build a community that is productive and progressive is the space where people who want to work hard and be successful in whatever they are doing and coworking spaces are exactly that. These spaces help to build a community that is not only just fun to be in but also have people who share different experiences and skills and thus by being together, each person can learn something from another and there will only be positive progress and no politics and unhealthy competition among the employees.

Who Uses Coworking Spaces?

Coworking spaces are usually used by:

Freelancers and Remote Workers

Freelancers work all day long in the 4 walls of their homes and this after some time becomes a monotonous routine and starts to feel heavy mentally and physically. The same scenario is with remote workers, the only difference is they need to work under or with a fixed organization. These coworking spaces give freelancers or remote workers a space to get out from their houses and go to a particular place, meet people, have an outside exposure and still work in flexible and independent hours and work load.

That is why the trend of coworking is very famous among freelancers.

Small Businesses

Some small  businesses and startups, who do not want to spend the initial profit or cost on setting up space for employees to work and on the amenities that need to be provided in a work space, look for co-working spaces and firstly focus  on getting a decent profit and then build their own company or building.

Non- Profits

Some non- profit organizations, who are already working without thinking about profit, share their load of giving the employees or volunteers a space of working by using these co-working spaces. This not only shares the employees sitting space load but also saves their cost to some extent of spending on amenities to provide to these volunteers.

Enterprises

Even big brands and companies have started merging with coworking spaces to handle their work space loads. When you have thousands of employees and the original buildings of working start to feel low in space and comfort, these coworking spaces are the best solution for quick and comfortable adjustment and with time these enterprises then can look for their own spaces or build some. This not only helps with space load sharing but also gives employees a better space for working and comfort.

If you as a business merge with a coworking space and give your employees those spaces to work at, it can be tough to keep track of their work and office ethics. So, what can help you with that is a HR software that will track down the work progress of the employees and also will help in remote interaction with them. A save of time, resources and energy you can say.