Why has the shared workspace contributed to growth?

The price of doing the same old thing is much higher than the price of change – Bill Clinton

Change is rightly said to be absolutely essential for rapid growth and success. When it comes to work strategies, transformations are considered a priority, as humans are most productive when they experience transformations around them. 53% of HR professionals agree that employee engagement increases significantly when there is an improvisation in the onboarding process. Therefore, it is necessary that the workplace is dynamic and interesting for the employees.

Lengthy research has also revealed that stress in the workplace increases by 33% with deadlines ahead. 22% of work stress is due to unrealistic expectations of managers, 22% to efforts to manage work-life balance, while 15% is added due to interorganizational conflicts. But the most important fact associated with the above statistics is that it is almost impossible to finish them or reduce them to a remarkable extent. Therefore, the easiest way out is to create a friendly work environment that could at least help keep employees stress-free, focused, and stress-free. The concept of shared office space with all services has been successful in making people happy in the workplace. The following are some of the reasons that have made co-working space an important factor for economic growth.

Getting closer
A service provider for shared workspaces followed a specific approach on “How do you keep employees satisfied?” The question allowed them to explore many essential factors that are directly related to employee performance and their direct relationship to work space arrangements.

Competence
Excessive competition in the external business environment has also developed myriad opportunities for employees. It has greatly reduced employee retention and loyalty to the organization. Service providers offer all the attributes like interior, workstations, furnished office space for rent and cafeteria, etc. to retain employees longer, thus improving their comfort level.

Retention
To retain employees, service providers create frequent refreshments such as celebrations, event organization, birthday celebration, and weekend activities, etc. The communities in these shared spaces are dedicated to organizing employee engagement activities, keeping them associated with the company.

Change in workspace plan (open space, not closed cubicles)
Unlike the previous monotonous private cubicle configuration, companies prefer the open space configuration, where hierarchy or seniority is not visible. Service providers design shared office spaces in a way, where the exchange or flow of information has become easier compared to the old office design.

Interior design
Brightly colored walls with beautiful suspended lights, designed walls, equipped workstations, and carpeted floors are all that is required for an ideal office environment. In addition to this, well-organized meeting rooms, conference rooms, cafeteria, and game rooms have greatly enhanced the individual’s enthusiasm and dedication to work.

The improvement in the arrangements of the workspace is the important factor that has supported the economic growth of the nation.

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