Globally, technology is influencing and reshaping the way work is done.With the rise of an upwardly mobile workforce, coworking has become the new way to go due to the endless opportunities it presents. Cowork ensures flexibility and gives users room to control their time.The demand for coworking space has been driven by the growth of creative and “tech’ companies. It has also opened up a world of possibilities as it has become an urgent trend that many start-up founders and entrepreneurs, virtual workers and freelancers have tapped into. The Coworking concept is centered on creating space which supports the five core values of collaboration, openness, knowledge sharing, innovation, and user experience. In a cowork location, work ethic must be professional. users who choose to patronise a coworking space require an ambient work environment to work. This is why proper office furniture, superfast internet access, cleanliness, and quietness is a must for every cowork space.
Irrespective of the nature or structure of the coworking space, it should have flexible, open, fixed desks and a conference room-a place where meetings and official engagements can be scheduled. Four models of coworking exist; to give users proper information needed to make the right decision about cowork membership. Lets examine them below.
An internal innovation hub is designed for company employees, providing flexible work space. These workspaces are set up by organisations wanting to develop collaboration and knowledge sharing, engage their employees in innovative thinking, and inspire a cultural shift. This model also enables companies to pass on organisation’s culture to new employees that they are open to more flexible forms of working. Internal collaboration comes with the merits of flexibility in workspace settings, and increased employee productivity. A major threat to this pattern of collaborative work culture is the challenge employees might face trying to balance work and minor distractions due to exotic cultural work styles.
Coworking membership is mainly for organisations that need flexible and affordable work environment for their employees and as such, make efforts to register those employees in external coworking spaces. This allows companies to offer a variety of locations to their employees and accommodate any temporary increases in workforce. External memberships also provide a range of work settings and help companies tap into new business network, and keep a pulse on market developments without expensive modifications to the company’s organisational culture.
In adopting the cowork membership model, there is access to shared facilities and desirable locations as employees have the options of choosing where to work from. Cost reduction for employees who usually commute long distances to office is one advantage of this cowork model
The external coworking model is a replica of the cowork membership but with a slight difference in its operation. The external coworking model is a workspace shared by two or more organisations and in some cases individuals. Employees of organisations can take up offices while some other organisations might go with the option of using 2-5 man offices while other individuals like entrepreneurs, journalists can take up private workstations. This model results in full concentration and less disruption to the existing space and allows companies to test coworking with specific areas of the business before introducing more widespread change.
In urban centres like Lagos and Ibadan, multinationals could use this model to reduce operational expenses, engage employees’ innovation to work and could also be a breeding ground for creative ideas and product development. There is also the benefit of meeting other employees from other companies sharing experiences and work ideas. This cowork model offers access to the start-up ecosystem. In adopting this model, staff poaching is a major risk.
in the case of internal coworking, the cowork space could be managed by individuals or companies with the aim of having a hub of digital natives, entrepreneurs and start-ups. It can be as a enterprise project to help small businesses scale up or offered for free to selected businesses. Presently in Lagos, only one type of this cowork model exists. The organisation interviews start up founders and offer them full residency where they are mentored and taught IT modules that will give the selected entrepreneurs more experience to market and develop their products. Building relationships in this way can help established companies secure access to breakthrough technology or ideas at an early stage, while maintaining control over the business domain.
An organisation planning to run this form of coworking, talent, finance and management are critical areas to focus on as poor implementation may deflate the intention of the project developers. However, internal coworking provides an organisation access to innovative and exceptional talent as it improves a company’s image and brand identity.
Looking for a coworking space in Lagos? Call Lagos Cowork on 0809 999 1803