• The pros and cons of a shared work space

    Shared work spaces are not uncommon to be seen today. As a matter of fact many of the emerging entrepreneurs tend to actually shift towards shared work spaces in a bid to be more efficient and to improve co-working abilities among fellow employees. Now having a full-fledged office does have its own perks but it’s not always easy to find in densely packed business hubs like Mumbai or Chennai. Plus there is the additional cost of actually paying for the full office which again isn’t really economical, especially if you are an Indie start up with little capital. That being said, the only option that remains is opting for a shared work environment which fortunately is easier to find and finance. Now shared office spaces in Mumbai or any other notable business centre might not be easy to find considering their demand and popularity but it’s well worth it. So with said, let’s have a look at some pros and cons of having a shared works space. 
    1) Pros:
    • Shared office spaces are definitely more economical to run and manage. Plus since the entire staff essentially share a single room, many of the clerical jobs get done without much delay and as a result the whole system becomes much smoother to operate.
    • Availability is another key area where shared work spaces take the trophy. Since they can be established virtually in any big room, finding one isn’t all too difficult. Hence offices spaces in Mumbai or other jam packed business hubs is relatively easier than finding a full-fledged office.
    • Shared offices generally improve inter employee relationships, thereby promoting an environment of mutual interest and understanding towards others. This psychological phenomenon generally improves productivity and reduces latency greatly.
    • It is easy to monitor a room full of people rather than keep track of what everyone’s been doing inside separate rooms. This helps in addressing of employee grievances in a short amount of time and also helps in addressing everyone collectively.
    2) Cons
    • Crowded environments can often lead to greater employee fatigue as they tend to be noisier and they are generally required to keep up with others. This reduces quality of work and there are greater chances of work related errors that can occur due to this.
    • Co-Spaces, because of their open nature do not promote privacy. As a result, some newer employees may find it incredibly difficult to adjust with the work environment.
    • Individual needs cannot be addressed in co-working spaces. For Example, employees that require the room temperature to be a bit high or low, do not have the option to do so. This can also contribute to employee fatigue as some may find it discomforting to work in certain environments for extended periods.
    • Resource sharing is also one of the major drawbacks of co-spaces. Often offices that operate with a lesser budget, has to cope with certain restrictions when it comes to how resources like printers and stationery. This can cause the enterprise to face bottlenecks and generally lower optimal output of work.
    Conclusion
    Shared spaces are great for saving costs and operating with a lower budget. However, the savings do come at a cost relating to the general employee satisfaction and bottlenecks in optimal work output. However, the pros generally outweigh the cons and as a result, shared spaces are really the way to go for general employee workspaces.
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