The best way to know a trend is becoming the way business works is what big companies do. In the case of coworking, large companies quickly came to understand this is the future of work. Since most employees love the idea of remote work, the top companies understand keeping talent means enabling a flexible work environment. Coworking allows large companies to have a platform for flexible work, and that’s why they’re embracing it.
Dedicated Project Space
Many large companies build teams to work on dedicated projects. However, the chaotic and busy nature of the office provides lots of distractions. Coworking is a great way to provide a team with a dedicated space free from the office’s distractions. Instead of possibly having team members pulled out to solve unrelated problems, set them up at a coworking space so their focus is on a particular solution.
Increased Productivity
The biggest selling point for coworking is the related increase in productivity. Instead of employees bringing their stress to work, coworking allows them to avoid stressors in the first place or remove the stress in their own way. The office is stressful, and the less stress employees have leads to productivity gains. Large companies understand this paradigm, and they’re keen to exploit it for maximum profit.
Reduced Costs
Keep an office building’s lights on, water running, and WiFi operational is expensive. Having someone else assume those costs and paying a fraction of the cost for membership is an easy way for a great return on investment. Because productivity levels at the very least remain similar to the office level, it’s clear the reduced operating costs yield greater profits.
Increased Employee Retention
Because employees desire a flexible work environment, they’re likely to stick with a large company that allows them to work in the way they’re most comfortable. Employee retention isn’t always about salary. Many times, it’s about feeling valued and working in a positive environment. With greater retention, large companies spend less money on recruitment and retention, which drives profits as well.
Wellness Support
The biggest momentum killer in any business is the sick day. Often, employees have the ability to work from home, but they don’t have the ability to get into the office. Nor is it safe. Remote work, or even coworking from a private office, is a great way to get the productivity without exposing everyone else to illness. Large companies understand this, and instead of paying for lost time, they’re making employees feel valuable by providing multiple ways to work.
Large companies take advantage of trends long before small businesses because they understand the importance of being first to something like coworking. Venture X is the ideal partner for large companies seeking to integrate remote work to their job descriptions. Give your local Venture X franchise a call to find out the different membership options for large companies.