In recent years, our relationship with work and the office has been disrupted by the ever-changing demands of the workforce. The conventional wisdom of the office has been restructured, thus paving the way to improve workplace well-being, which is crucial for laying the foundation for a healthy work-life balance. The emergence of new technologies has also made things easier for working professionals and companies across the globe.
These changes in the working ecosystem were set in motion by the onset of the pandemic, which led to the wide-scale acceptance of the concept of remote working. This transition in the dynamics of working styles introduced the much-anticipated question - ‘what is the purpose of an office space?’ Noticeably, at that time, there was a rise in the new ways and places where one could work, prompting companies to reimagine and reinvent the workplace by focusing on well-being and innovation for all. Today, successful businesses understand the value of creating a positive, personalized, and meaningful experience for their employees to increase productivity and promote growth and an optimal work-life balance.
The concept of coworking spaces is not new and is on a rising trajectory, driven by the rise of freelance work, remote work, and the gig economy. Since their inception, coworking spaces have provided opportunities for working professionals to work in an agile, collaborative, and comfortable environment. Besides a location, such spaces foster creativity, fuel productivity, and stimulate passion among people, which has helped maintain the equilibrium between work and recreation.
Need for health and performance building in a suitable environment
According to a recent study by McKinsey, workplaces with healthy cultures have three times greater returns to the shareholders of businesses. There is an obvious and effective relationship - health drives performance, and the leaders in the life sciences industry are long experimenting with workplace design to promote innovation and collaboration for all. In fact, under its founding commitment 'For all well-being', Whizdom Club is well-known for its commitment to wellness and sustainability from its very inception.
Today, some premium coworking spaces are working towards catering to individual needs to enhance productivity through comfortable design. With customer centricity at its core, these places endeavour to customise the experience for each client. Such spaces are well-designed, vibrant, and offer a conducive environment for work and exchange of ideas.
A sweet spot: feasibility and flexibility
For most, work is a large and indispensable part of the day. However, it is crucial to maintain a healthy professional and personal life and not feel flattened by pressure. Working from a shared workplace brings more freedom and provides a much-needed respite from jam-packed schedules. Recent surveys have shown that employees working out of a shared office enjoy better control over their workday depending on their schedule.
Additionally, utilizing shared facilities is always more beneficial than being heavy on the bill. These spaces enable young professionals and entrepreneurs to conduct their operations without worrying about overhead costs like internet, energy, maintenance of office space, and more.
Imperatives in the current work scenario: recreation, co-creation, and networking
Earlier, coworking spaces were considered a niche market offering but are fast taking centre stage as they nurture interrelationships, promote networking, and bring cultures together in a vibrant and dynamic atmosphere. By boosting community functioning, coworking spaces promote co-existence, collaboration, and interpersonal growth.
Coworking spaces can also transform an individual's perspective and allow them to acquire new skills or boost their overall performance. Collaborative workspaces set the bar high to carry a variety of discussions on ideas, concepts, and more, thereby widening horizons and building newer outlooks.
The relationship between employees and the workplace has changed. Today, businesses must invest seriously in helping people navigate through their aspirations. Since co-working spaces represent the new generation of working styles, the vision shared by the individuals and such spaces are in tandem with one another, enabling everyone to balance productivity, well-being, and a sense of belonging.
In addition, the advantages to working out of a shared space are limitless since every aspect of coworking contributes to the much-needed balance between professionalism and leisure.