Why Co-working is need of the Hour?
In the hard time of the pandemic, the entire world is impacted severely. Companies are cost-cutting, shrinking growth plans, and focusing to conserve capital. New businesses are laying off employees because they are not immune to this critical situation.
What is Co-Working?
Co-working is a place where workers of different companies share an office space. In short, the people who are self-employed or working for a particular company come to shared office space and work.
Even if recession knocks hard, not only start-ups or freelancers but also well-developed companies have to adopt co-working spaces to decrease the cost of operation and emphasize exploring distributed workplaces for their employees rather than laying off their employees.
Co-working have surely seen a dip in footfall during lockdown, but forecasting the scenario which will be post lockdown, many companies will now think about distributive work model for employees as it will take a little long time to cope-up with the trauma of pandemic, which will result as increase in the demand of co-working spaces.
|Cost analysis of 100 Seater office in Gurgaon|
|Area||# Seats||Seat Price||Cost|
|DLF, Cyber City||100||15,000||15,00,000|
|Golf Course Road||100||14,000||14,00,000|
A graph shows, how the location can reduce the operational expense on a monthly basis.
People need flexibility and choice in how and where they want to work from and there is no cost saving and hygienic option than opting for a co-working space. Rather, this is an opportunity for co-working spaces to show how they can offer new solutions during the hour of crisis and make economy more resistant to such circumstances.