Reasons to Invest in a Shared Office for Freelance Programmers

Co-working spaces have emerged as a result of the consistent expansion of remote work. Write to us if you want in on the action.

The prevalence of the co-working movement can be attributed to the increasing number of remote workers. According to research conducted by Cushman & Wakefield, there has been a 10% to 15% rise in the number of people using co-working spaces between 2015 and 2016.

In recent times, an increasing quantity of companies have been offering their employees either a regular financial allowance or the choice to lease shared work space. This relatively small outlay is proving to generate a highly beneficial return.

Also, there are benefits beyond monetary gain (although many businesses are seeing a favourable decrease in expenses).

Consider these synergies between working remotely and collaborating with others, and how they might benefit your company.

Distinguishing Features of Co-Working Spaces vs. Home Offices

The cost of establishing a home office can be quite considerable. A minimal office can be set up for in the region of £15,000. However, one of the most important factors when creating a home office is the need to create an environment which is conducive to productivity, and which is free from distractions.

On the other side, your remote engineers will thrive in coworking spaces since they provide everything needed for focused, uninterrupted work:

  • A state-of-the-art media centre with Wi-Fi, printers, projectors, and smart TVs
  • Furnishings such as workstations, seats, whiteboards, meeting rooms, and phone booths
  • Coffee, snacks, and the use of a microwave and fridge are all provided at no cost.
  • Games played indoors, such as snooker and table tennis
  • Yoga instructors and Zumba instructors on site
  • Dedicated spaces for taking a breather or napping
  • The provision of individual care, such as bathing and looking after children.

The CEO of Grind, Anthony Marinos, has compared the coworking space business to the hotel sector.

Reasons Why Remote Developers Thrive in Shared Offices

According to research conducted by Harvard, it appears that the typical worker typically performs better when they work in a shared workplace. This is supported by the findings from Deskmag, which revealed that when people work together in a group, their efficiency increases by 74%.

There are positive effects from living in these communal settings.

  • Independent labour vs. “groups of one” That – difference. Having the expectation of human presence is what really important.
  • We have everything you need for your health and fitness. It would be foolish to neglect these opportunities to receive something for free. Surprisingly, taking advantage of these offerings may actually have beneficial effects on your health, reduce your stress levels and leave you feeling reinvigorated upon your return to work.
  • Face-to-face communication with various artistic communities A developer‘s imagination might benefit from conversation with individuals from other fields, cultures, and socioeconomic backgrounds.
  • Abundant, often free conveniences The tangible element of the freebie is not as significant as the positive psychological effects it has. It can be reassuring to individuals to be aware that they will not have to spend additional money on items such as paper and internet access.
  • There is no squabbling or competitiveness among employees. Because there is less pressure to impress coworkers, individuals are more comfortable being themselves, according to the Harvard research.
  • Increased personal pride It is standard practice for employees to introduce themselves and outline their projects to new members of the team during office meetings. This is beneficial, as it helps to distinguish their work from that of their peers, which was highlighted in a study conducted by Harvard University.
  • Aid is easily accessible. To help a coworker out, there is a lot of free resources out there, from understanding community managers to others in the same sector.
  • Job independence and adaptability Because these areas are available around the clock, employees may drop in whenever they want and stay for as long as they like.
  • Social bonds and a shared identity Shared offices provide an invaluable opportunity for people to form meaningful connections; something which is essential for the development of strong and vibrant communities. By bringing strangers together in an environment of collaboration and support, these spaces serve as a kind of catalyst for friendship and companionship, allowing individuals with shared interests to connect in a way that might not have been possible otherwise.

At the Global Co-Working Conference Unconference, Emergent Research presented data which showed that 84% of individuals feel more engaged and motivated when co-working. This is indicative of the fact that co-working spaces are designed to be places for people to thrive in and work together.

Explaining the Value of Teamwork to Your Business

Businesses of a variety of sizes are increasingly turning to the co-working model, with companies such as KPMG, IBM and AT&T now leasing out shared office spaces in multiple locations around the world. This trend is proving to be a popular and cost-effective way for businesses to operate.

Instagram, Hootsuite, Spotify, and Uber are just few of the firms that got their starts in these areas.

By making use of shared office space, your business can reap a number of benefits. Whether you take out a desk for yourself or offer stipends to your remote workers, the advantages of this type of workspace are clear. These could include reduced costs, increased productivity and improved collaboration among your workforces. Moreover, the flexibility of shared office space can offer you a greater level of scalability and the potential to expand your business in the future.

  • You may save costs on rent and office supplies by not having to accommodate employees.
  • Employ people from anywhere in the globe and provide them access to cutting-edge workplace amenities.
  • Human capital, not physical assets, should be prioritised for rapid expansion.
  • Have office staff that are happier and healthier, and hence more productive
  • Ensure your remote workers remain focused and working without interruptions.

Working from home has numerous advantages. Those goals may be accomplished much more quickly when you join a coworking space.

Amazing Workplace Communities From All Over the World

There is currently a wide variety of global co-working space franchises in operation, such as WeWork, Knotel, MakeOffice, TechSpace, GreenDesk, ImpactHub, NextSpace and Co-Merge, all of which offer a diverse range of amenities to their guests.

Despite the general perception of coworking spaces, there are a number of stunning workspaces that could easily be featured in magazines such as Architectural Digest. We would like to highlight these workspaces and encourage you to consider ditching your traditional office environment in favour of a shared workspace. We want you to be able to communicate this to your employees with confidence.

The three most stunning shared offices we’ve ever seen are these:

1. Indonesia, Hubud

Hubud, described by Forbes and CNBC as one of the leading office locations, is truly an oasis in the modern world. Its unique construction of bamboo gives it the feeling of an exotic and distant paradise, while also providing a vibrant hub for a worldwide network of remote workers.

2. China, Shanghai, WeWork Weihai Lu

This majestic building, which was once an art gallery and is now a century old, offers a tranquil atmosphere away from the hustle and bustle of the city. It is the perfect environment for stimulating creativity and productive contemplation.

3. Canadian Crewing Cooperative Based in Montreal

The imposing cathedral-style building, formerly the corporate offices of the Royal Bank, is located in Works‘s hometown and is widely regarded as one of the most aesthetically pleasing places to work in the world. It is therefore unsurprising that InVision, one of our most highly regarded fully remote organisations, is a proud sponsor of Crew Collective.

Businesses That Provide Shared Work Compensation

Cushman & Wakefield have asserted that HSBC’s decision to hire 300 hot desks from WeWork in Hong Kong has saved them one million dollars. Indeed, even multinational giants such as IBM and KPMG have taken advantage of WeWork’s cost-effective global real estate solutions by renting out entire floors.

Deskmag reports that although prices for shared office spaces may range greatly, the typical monthly rentals are:

  • USA – $387
  • The Euro Area: $245
  • A $250 discount for orders placed in Asia and the Pacific

According to the HDFC Realty Co-Work Space Report (PDF), companies could potentially reap significant savings of up to 30% by opting to work out of a shared office environment rather than a standalone building.

And in the spirit of remote work, several businesses are already offering coworking subsidies to their staff. These include:

  • Automattic The WordPress team reportedly paid its staff $250 per month before shutting down operations in San Francisco because “no one was turning up.”
  • Remote.co In addition to the $2,000 annual technology budget, each employee is allotted an additional $166.67 each month to spend as they see fit.
  • Basecamp It provides a one-hundred dollar allowance toward the cost of office space rental in the distant worker’s hometown.
  • Buffer The business provides coworking allowances at market rates, demonstrating their commitment to ensuring that compensation is in line with their ethical standards. As such, the coworking allowance is an important part of the package.

Although, several of the totally remote organisations we’ve highlighted, such as HotJar, InVision, and Groove, also provide co-work allowances.

The idea of working from home is perfectly suited for the notion of coworking. Any organisation that has been successful in allowing their employees to work remotely is likely to find similar success with collaborative methods of working.

The Co-working Manifesto emphasises the importance of collaboration, community, support, friendship, learning and involvement. Furthermore, it is believed that remote engineers will be more motivated and inspired to work hard and be creative if they are part of a supportive and encouraging environment.

Providing a stipend to remote team members can be an effective and cost-efficient method of increasing productivity and reducing expenses. If you would like to find out more about how to go about recruiting your first remote developer quickly, please do not hesitate to get in touch with us. We would be delighted to provide you with further information and advice.

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