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.
- 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.
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.