What is co-working and would it work for you?
More and more businesses are moving away from owning their own premises and into the subscription style model of co-working offices. This isn’t a surprise to us, because this model fits with leasing cars, and of course our own business of leasing computers, but does co-working stack up? What are the positives and negatives, who uses them and do they work for everyone? We thought we’d do some research and share our findings with you here.
Who are Co-Working spaces aimed at?
An estimated 6% of the UK workforce are freelancers, that’s around 1.91 million people, and according to recent studies, this is set to escalate to approximately 50% by 2020. But it’s not just freelancers who are taking on co-working space, many larger organisations such as British Airways and KPMG are recognising the benefits of sharing working space with other businesses. Lloyd’s Bank allows 30% of its workforce to work flexibly to allow them a richer work/life balance, but this also reduces its overheads and the need for them to own large business premises.