The Pros and Cons of the serviced office space in India

 

Coworking Space refers to an arrangement where employees from different companies work on a shared space. This private office space will have all the infrastructure, including the common facilities like hot-desks, private meeting rooms, refreshment area or pantry, and even parcel acceptance services. These serviced offices are growing in all the major cities with 24.2% annual growth. By 2022, there will be more than 30,432 coworking spaces in the world!

These shared private offices are gaining popularity in India. Startup entrepreneurs, freelancers, and small teams are the most benefited occupants with these services offices in India. Let us check out the pros and cons of the serviced office space in India.

Pros

·       Cost-Effective

·       Scalable

·       Easy Networking

·       Easy to manage

·       Multiple Location

·       Great Ambiance

·       No operational hassles

 Cons

·       No privacy

·       Employee Poaching

·       Customization is impossible

 

PROS

 Cost-Effective

 Coworking office spaces save a lot of money. During this pandemic, saving money is considered a priority. If you prefer working on eating coworking spaces, it can help you build our business as a startup. The office is already fully-furnished with all the essential requirements. It also has all the attractive interiors that will make you stay in the office for long hours. You need to spend money only on the hours you spend in the office and it helps you save more. 

 

Scalable

 

Scalability is one of the most significant advantages of working in a coworking space. You will have the ability to scale up your team members or down as and when required. It is best useful for those companies that are having trial-on-projects.

 

Easy Networking

 

A coworking space is the best choice for building your networks. It means this working space has various employees working for multiple companies under different domains. Though you might not get connected to all the employees concerning work, there are chances that you meet people at the lounge or near the cafeteria that helps you build your network with some informal discussions.

 

Easy to manage

 

Well, a coworking space is well-maintained by its team. You don't need to be worried about its maintenance. You can walk into your workplace at any time of the day, and it will be perfect for you to sit at your comfort. You can easily manage your time and your space. Even guest management is well taken care of.

 

Multiple Location

 

One of the most significant advantages of preferring coworking office space is that it can function at any location. Most of these offices are located at the center, and hence it is favorable for easy commuting. There is no need to spend more because of the location. 

 

Great Ambiance

 

A coworking office space is filled with all the latest amenities and provides a great ambiance to the employees. It increases productivity. The place will be full of energy and vibrant colors and designs to ease the tension.

 

No operational hassles

 

You will not need any pre-planned settings to operate functions when you move to a new coworking space. There are no such hassles as everything is already set and ready to function.

 

CONS

 

No privacy

 

Lack of privacy is one of the main disadvantages of Coworking spaces. Since many employees are working from different companies, you might not get your own space. You will not be sitting with the same person every day, which might also give you an uneasy feeling.

 

Employee Poaching

 

Employee poaching is another disadvantage. The chances are high that you work with your rival company under the same roof, and they hire your smartest employee at a higher salary, and you lose an asset. It is also a risk factor for your business.

 

Customization is impossible

 

If you own your own office, you can customize it the way you want, any time of the year. But, if you have a service office space, then customization becomes impossible.

 

So, keeping in mind the pros and cons of coworking spaces, it is good to try these serviced office spaces at least once. It has now become ubiquitous in India. Do try and let us know your feedback. Share your views in the comment box below.