Walk around a shared workplace and you will see people from other firms hard at work in their private suites or desks. Such office spaces, where companies lease rooms or desks with others, is fast gaining popularity and acceptance among not just start-ups but multinational organisations as well. Here are some reasons why your firm might want to give it a try.
Attracting the millennials
With ‘work-life balance’ being a buzzword among millennial employees today, shared workplaces could be the key to meeting their expectations and retaining them. The convivial atmosphere of a shared workplace fits right into the millennials’ work culture, especially when breakout areas and common pantries are provided to encourage networking opportunities.
Working in close quarters with other companies could also lead to new ideas and create potential collaboration and partnership opportunities. Cloudfare, an American web security firm, for instance, opened its Singapore office in a shared workplace and is considering working with a recruitment firm on the same floor for its expansion plans.
Shared workplaces located in residential areas could also help companies ease the daily commute for some of their employees. The Singapore government, for example, has begun to open a series of Smart Work Centres across the country that will be shared by people from different firms. These are expected to bring the workplace closer to some employees’ homes.