As of today, millennials constitute above 1/3rd of the total workforce and a majority of them also hold managerial positions. They also occupy about 65% of the international coworking memberships. So are you wondering why millennials seem to prefer coworking space as their choice of work environment?
For this, you need to understand that technology was at its peak when the millennials were born. Naturally, these people have grown by experiencing technology and crave to break the conventional office structure. With their need to have more freedom and work without restrictions, generation Y seems to display a preferential likeness for the flexible working spaces.
There are several reasons that explain why millennials choose the flexible way of working. And because of their likeness of flexiblility, a coworking space is top on their list as it offers the desired flexiblility. Coworking also creates the perfect balance between working from office and working from home. With the office like environment and home like comfort, coworking creates the perfect balance for working.
Let’s get into details of the other reasons why millenials prefer the flexible way of working and how coworking helps in it –
With the ease of technology now it is possible to work from anywhere with a laptop, phone and internet connections. Hence the need of hoing to office everyday has declined and the flexible way of working has taken over. With a coworking space this becomes much more easier. As the devices like printers, scanners, whiteboards, efficient video and audio equipment, etc., and internet services are available at coworking spaces hence one can get all their official needs fulfilled then and there itself.
Furthermore, the urban-centric locations of the coworking spaces make them perfect for millennials. With the ease of transportation and multiple establishments within reach, they can explore the city and work with equal vigour. That is why most coworking spaces are built in urban areas where there is good connectivity.
A work environment that is both entrepreneurial and diverse makes millennial enhances their work productivity even more. It is also the perfect chance for them to know more from professionals in other fields. Gaining a mentor is not out of reach in coworking places, making it ideal place for working.
It is obvious that traditional workspaces will cost a lot more than coworking spaces. In coworking spaces, you only pay for what you need, for example you can take up a seat for working and take meeting rooms specifically for the day you have any meeting. That way, you can save excessive expenses and instead focus on the resources that you actually need. Moreover, with the option of renting the desired space as needed is economical and saves cost.
One of the primary reasons of millennials prefering coworking spaces is that they do not have to take much responsibilities and burden. For instance, if a freelancer or entrepreneur takes up a traditional office space then they have to take care of all the administrative tasks and much more but with a coworking space you don’t have to worry about the maintenance or cleaning of the space. Cleaning is just one aspect there is much more to maintaining an office. but why would you take the burden when you can get all of it in a coworking space? Moreover, you also don’t have to worry about paying the utility bills on time. The availability of weekly or monthly leases makes coworking spaces more popular.
With ambition and creativity soaring high, millennials love the opportunity to develop a network or enhance their already established network. Coworking spaces bring diverse professionals together. In community events, you can know each other and create personal and professional bonds. For freelancers who have their own schedule, gets the most benefit from a coworking space. With no conventional timings, coworking spaces have become an absolute favorite for Generation Y. Now, they can work whenever they want without the need to maintain any schedules.
These are the reasons that millennials prefer to work in coworking spaces. Apart from low costs, these places also offer excellent networking opportunities and offer a sense of freedom that traditional offices cannot. That is exactly why the popularity of coworking spaces is on the rise. If you want to have an exceptional working experience, you must contact the best coworking space provider in Bangalore, GoodWorks CoWorks. GoodWorks has amazing coworking spaces present at all key locations of Bangalore. Contact the team here!