Flexible office spaces might be a good starting point if you want to restructure business operations and increase productivity. They offer workspaces that are outside of your traditional office setting.
Flexible office spaces have become the new norm in most companies that have adjusted to the COVID-19 restrictions. People had to look for alternative ways to continue performing tasks in a safe and secure environment.
As a solution, businesses opted to inject flexibility into their operations and organizations by allowing their staff to work from home or look for serviced office spaces, such as workspace 365. Such moves have significantly changed workforce engagement and saved companies from factoring in office set-up costs into their budgets.
Here are seven benefits of flexible office space.
1. Networking Opportunities
Traditional office spaces are private, and they limit you from interacting with other like-minded people or business prospects. Flexible workspaces break down barriers that can impede your growth individually and business-wise.
You have opportunities to interact with freelancers, and large and small business owners, among other professionals who share the same serviced office spaces. It offers a platform to propel your business forward and increase your output.
2. Flexible Terms Of Engagement
Flexible office spaces can control all the contracts you might think of concerning traditional offices. You can expand or downsize your operations by looking at your business performance.
Also, it allows you to adjust your budgets to stay afloat during tough economic times. For instance, your business can reach a plateau, and it becomes hard to sustain a large workforce. Having a flexible contract with your staff will help you to adjust to the economic downturn.
3. Access To Contemporary Office Equipment
Office equipment in a traditional workspace can take time to procure, service, and upgrade to the latest version. It interferes with the workflow in business operations and productivity in your organization.
Flexible workspaces must ensure that clients enjoy using modern office equipment anytime. You can ask for assistance to connect, make presentations, or seamlessly complete your work. In addition, the serviced office spaces have a functional system to support clients using the equipment.
4. Low Office Overheads
Setting up a traditional office is capital-intensive and may require a large budget to support your idea. You must factor in the cost of office furniture, space, and utilities, among other crucial components of an office. Such considerations might discourage a startup business or add costs to established organizations.
Flexible office spaces carry heavier financial implications to give users ample time at work. You’ll not worry about paying utility bills and other overheads that comprise office operating expenses.
5. Staff Comfort
Micromanaging your workforce is tough and can frustrate your organizational goals. Traditional office spaces are rigid and can contribute to dissatisfaction at work, which can impede creativity among your staff. Your staff needs that independence and enjoys working for you and your business.
Flexible workspaces encourage your staff to interact or consult widely with experienced professionals. They can devise ways to perform challenging tasks and deliver incredible results. In addition, you or your team can take breaks and indulge in relaxing activities, such as yoga, to calm them and think through task performance. It contributes to job satisfaction and productivity.
6. Revenue Retention
Flexible office space is a rearrangement of your office setup. It’s a cost-cutting approach for businesses that want to retain revenue gains. So, companies spend less on the allocated working space and can schedule appropriate dates to work.
Moreover, the charges are reasonably low compared to traditional office space that requires rent whether you’re working or not. Flexible office spaces also enable you to capitalize on the low fees charged for the amenities you use while at work.
7. Membership Packages
If your working budget is tight, you don’t need to worry about dealing with rent arrears. Flexible office spaces have membership packages that fit your working style and finances. You can opt for a premium membership if you project high business activity monthly. Alternatively, you can downsize to a lower package to suit your job for a given period. It brings flexibility in any profession or industry you might be in.
Flexible office space is part of the revolution in most sectors of the economy. Businesses have adjusted to the restrictions of COVID-19 and are looking for new ways to maintain productivity while cutting the cost of operation. Remote working seems to become a permanent solution in most organizations worldwide. The benefits of such a move range from low-budget workforce independence and satisfaction, among others. So, you must consider your office space requirements and compare them with what services you’re looking for in a shared space.