The global pandemic Covid 19 has transformed businesses in many ways, and the most significant change is the transition from traditional offices to remote working. Many employees have started working from home during the outbreak. But where does the idea of coworking fits in the post-covid world? For many businesses, the need for coworking spaces like Startuptive arises due to offices’ distraction-free environment. Many freelancers also prefer an office to a home for this very reason.

Coworking is primarily popular with startups and freelancers. It allows people to pay only for the time they utilize their services, helping them save a lot of money. It offers a space to network with other people from your domain or even from different fields, helping you in your own work. But with a shift to hybrid working in Covid 19, coworking has become a buzzword for businesses as well. Several large corporate companies have partnered with coworking offices to manage their workspace requirements.

Even after the several benefits that an office space offers, companies worldwide are looking to shift from traditional offices due to the cost of maintaining them. This is where hybrid workspaces come in handy. Coworking spaces like Startuptive in Downtown Toronto can be ideal for businesses that do not prefer full-time remote working.

Before moving on to the benefits of coworking spaces, let’s understand the hybrid work culture.

Hybrid Work Culture – The Future of Businesses

Hybrid work culture is the best of both worlds – the one at office spaces and the other one of remote working!

Hybrid work is a model where you work from the office two or three times a week, and for the remaining days, you work remotely. The advantages that hybrid workspaces offer employees include flexibility, autonomy, and freedom. And for employers, the most significant advantage of the hybrid model is reducing their maintenance cost. In the ongoing crisis, hybrid working models have provided a ray of hope to businesses to operate effectively and provide their employees with the flexibility they desire.

With an increased demand for hybrid working, the need for coworking spaces has also risen. The primary reason people prefer coworking over the home is that they feel distracted and alone working from home. Therefore, coworking spaces in Toronto like Startuptive have become the best solution for the new hybrid model of working.

What is Remote Work?

Remote work is the ability to work outside of a traditional office setting. For many people, this means working from home, but remote work can also be done from co-working spaces, coffee shops, or anywhere with an internet connection.

Remote workers are not tied to a specific location or need an office space, which gives them the freedom to work from anywhere in the world. Remote employees can easily communicate and collaborate with their team members using various online tools, such as Slack, Zoom, Google Docs, and more.

There are a few things to keep in mind when it comes to remote work.

First, it’s important to create a company culture that supports working remotely.

This can be done by establishing clear expectations and guidelines for remote workers, and by holding regular video or in-person meetings so that everyone is kept up-to-date on company happenings.

Second, remote workers should try to come into the office occasionally so they can maintain a good connection with their team members and prevent feelings of isolation.

Last, it’s essential to have the right tools in place to facilitate remote work, such as a secure VPN, video conferencing software, and project management tools.

Key advantages of remote work include:

Increased job satisfaction and motivation due to comprehensive policies, procedures and people management processes that provide greater flexibility and control over daily work life balance (limiting face time in the office).

Attrition reduction as people feel empowered to find ways to stay with the company (reducing expenses associated with training new hires).

Talent attraction as the company becomes more attractive to a wider pool of high-quality job seekers (increasing company competitiveness), and Productivity gains as people are able to design their work around peak performance hours and eliminate or minimize distractions from colleagues (increasing efficiency).

You don’t need to go office 7 days a week or even 5 days a week.

What is a Hybrid Work Environment?

A hybrid work environment is one where employees have the option to either go into the office or work from home.

This type of setup can be beneficial for both employers and employees, as it allows for greater flexibility and a better work/life balance.

For employers, it can help to increase productivity and decrease costs associated with office space rental and maintenance.

For employees, it can allow them to avoid commute times and create a more comfortable working environment.

Benefits of Coworking in Hybrid Work

• Cost-Effective Alternative to Traditional Offices

One crucial advantage of coworking spaces is their cost-effectiveness for businesses. As companies are looking to reduce their operating expenses, these shared spaces can be the ideal choice, offering productive environments without burning a hole in business owners’ pockets. Moreover, it also gives businesses the advantage of flexible payment options without bounding them to long-term leases and rents. Employers can easily change their decisions without undergoing much trouble.

• Scalable Working Environment to Cater to Your Needs

Another advantage that coworking spaces in Toronto offer are their scalable plans. The coworking offices offer setups that cater to your business needs and provide a productive environment. Say you have a small business, then opt for a small portion of the coworking space. You can quickly move to different plans to accommodate bigger teams when your business grows. Whatever the nature of your work, coworking office spaces can facilitate all your activities.

• Opportunity for Networking and Access to a Pool of Talent

A coworking environment helps businesses form new connections and network with talents from different domains. These new connections and contacts can prove to be beneficial for business owners in collaborating with third parties. Besides networking, coworking also boosts motivation for people who hate working alone in isolation. Shared spaces have played a significant role in maintaining employees’ mental health during the pandemic.

Hybrid Workspace – The Way Towards Increased Productivity

Hybrid workspaces offer a scope of greater productivity due to their work flexibility. Instead of entirely relying on remote working or forcing the employees to work from offices against their will and security, hybrid models can benefit both employees and employers. Hybrid work models not only help in creating a better work-life balance but also reduce employee attrition rate as their engagement increases.

With changes in technology, the design of office spaces has also evolved. While cubicles and large office spaces have been prevalent for corporate businesses for thirty to forty years, today, the office spaces have become more flexible with amenities and facilities offered on demand. For instance, a conference room used to be a must in every private office. But now, with a hybrid working model, companies realize that the need for a conference room arises on an as-and-when basis, and by opting for coworking spaces, they can pay for conference rooms on an hourly basis rather than every month.

In addition to the design, coworking offices offer furnishings in accordance with your tastes and business requirements. From printing, mail, and phone booth to canteen and high-speed internet, coworking can be the perfect alternative to traditional offices for your company’s hybrid model of work.

Hybrid Work Models are Here to Stay

After experiencing remote working, employees expect to continue working from homes for a few days in a week, even after covid. Businesses are also considering supporting this arrangement due to the increased productivity of workers and reduced expenses of employers. Besides, people also crave spaces out of their homes to connect with people and work in a distraction-free environment. Catering to these requirements, companies have taken the big leap. The future of work is hybrid, and coworking spaces are the best bet for businesses.

The Way Forward

With all the benefits coworking spaces offer, there is no reason not to adopt a hybrid model for your businesses. The best part? Coworking offices provide safety and security to unburden you of the biggest concern during the ongoing pandemic. So if a safe, affordable, and productive hybrid workspace is what you are looking for, it’s time to scout the internet and find the best coworking spaces in Toronto near you!

Check out Startuptive!