For many companies, the pandemic demonstrated they can still operate when employees are not in the office. As a result, more than 80% of UK businesses have adopted a hybrid working model.
In turn, companies with multiple offices have discovered they can significantly cut costs by closing smaller regional offices. Some companies are even dispensing with their main office in favour of coworking spaces. This is a move that makes sense for a number of reasons.
Whilst the hybrid model does have advantages, there is still a need for an ‘in-person’ workplace. Team members sometimes need to work together and meetings are inevitable.
The workplace also plays an important role in attracting top talent and providing support for new starters and younger people learning their trade. This is where coworking offices give you more flexibility.
Coworking Space is Cost-Effective
Cash flow is likely to be a growing concern for numerous businesses moving forward. The cost of renting office space in larger cities will put a larger dent in your budget deficit.
One of the main draws of working in shared offices is the reduction of overheads. Not only do you reduce the cost of rent but you don’t have to invest in other office-related equipment such as furniture and facilities, refreshments and decor.
Less Impact on the Environment Improves your ESG Rating
Today’s companies are judged on ESG scores. We have already seen how ESG ratings influence investors in the stock market. ESG could also influence consumer purchasing decisions.
The impact a business has on the environment does prompt consumers to decide whether they want to associate with a particular company. Your ESG score takes into account how much energy you use, your carbon emissions and how much water you use.
Using the facilities provided by coworking spaces benefits a company’s ESG metrics because it shows you are making positive steps to be environmentally responsible.
Better for Staff
Employees have mixed feelings about working from home. Whilst they feel the financial benefits and have more time for themselves, there is still the urge to spend time around colleagues.
There is no question that the hybrid working model suits employees across the board. Employees that feel they are happier and more productive in an office environment still have the option to work in an office.
On the flip side, if they have a long commute, they lose the benefits of working from home. BluDesks resolve this issue by providing coworking spaces from multiple locations so each individual employee can choose where they want to work from.
One Membership, Multiple Choices
Our single registration coworking space gives you access to over 200 office locations in London and more than 1500 facilities. We have also teamed up with offices in other major cities throughout the UK and the world. So no matter where your employees are based, they can take advantage of our co-working spaces.
The ability for your employees to choose where they want to work means there is no real need for regional offices. It also means that employees that prefer an office environment can avoid long commutes most of the time.