Why Coworking Is The Future of Work

coworking space nyc

Why Coworking Is The Future Of Work

According to The Bureau of Labor Statistics, it is estimated that by the year 2020, up to 40% of the American labor force will be earning a living through freelancing, temporary work, solo careers and independent contracting. As opposed to the traditional work environment where people were confined into cubicles throughout the day, working for the same institution, individuals are becoming more creative and flexible with how they make money.

It was initially thought that coworking spaces only benefited home based businesses but trends indicate an increase in coworking spaces, without regard for the type of business. Freelancers, entrepreneurs, startups, employees of large corporations and remote workers of all types are moving to coworking spaces in record numbers. Free and fast WiFi is definitely one of the reasons people focused on different things would choose to work together but that's not all;

 Opportunity for growth

As opposed to working in the solitude of your own personal space, coworking offers a motivational and supportive environment. Even without having to speak to each other about personal projects, members can draw energy from one another. Without office politics and competition among coworkers engaged in the same task, coworking colleagues thrive in a pressure-free setting.

Strong sense of work identity

The nature of coworking spaces is that they contain a blend of not only individuals working on various functions of a business but also companies involved in various sectors. By getting to know what everyone is doing, individuals cultivate a sense of worth and relevance in the work they do.

Work and life balance

The flexibility of coworking spaces allows individuals to choose their own working hours, something that might not be possible in a typical office setting. Instead of taking work home or maintaining a strict work routine, it's possible to schedule your working hours around those of other family members. This creates more time to spend with family and avoids family interruptions.

Coworking not only benefits employees; employers have also realized that with less control of what an individual does with their time, they get better results. Hiring workers without the need to provide office space to them is not only cost effective but liberating. As both employees and employers warm up to this new way of getting work done, it is only a matter of time before the office as we know it becomes obsolete. 

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Coworking Space NYC

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