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Since its success, coworking has expanded its reach from solo entrepreneurs, home-based entrepreneurs and startups, they now accommodate established and big companies – large teams or departments and other individual employees with flexible work hours.The movement caught the affinity of today’s young professionals with its affordable offices, aesthetically pleasing work areas and great environment.
The greater audience of the industry lauded it for the benefits and immeasurable opportunities it provides.
Hence, it didn’t come as a surprise when established companies and even conglomerates were observed to be coming in and out of different shared offices.Since then, it’s been observed as a rising trend among big companies and industry players as influential enterprises and Fortune 500 enterprises move their employees and teams to local coworking spaces.
Partnerships between organizations and providers have been established over the last few years causing a large disruption in the real estate industry.One prominent explanation behind the aforementioned sudden liking is the large pool of talent and ideas nestled in these shared offices.
Tech giants and large corporations want to become part of its diverse growing community of innovators in hopes of gaining new perspective that they wouldn’t usually find in the premises of a corporate environment.
Moreover, it gives them a better advantage against their competitors as they keep a close ear to any technological advancement or trend that cause potential threat in the industry and allows them to attract top talent and closely monitor any potential target acquisitions.Though it’s rapidly becoming a common scenario, much is still left to be learned on how leading organizations can make the most of these shared offices.
Some have traced it back to despite having available resources around them to familiarize themselves with the work models, there are certain employers that continue to fail in creating a fulfilling path and culture for their employees.To make things even more alarming, a large number of these young professionals walking away from the corporate track are women.
According to a Deloitte survey conducted among 7,700 millennials coming from 29 different countries, one out of four respondents plan on quitting their respective job within a year.
Moreover, women are most likely than men to have left the company.A recent global ICEDR study orchestrated during 2015 to 2016, leaders believe that the majority of women at the age of 30 leave because of the struggle they experience creating a balance between their work and their life.
Women are frequently left burned out as they try to make a contribution to the business while making sure that their voices and opinions remain significant.Another reason cited by the readers is impact.
There are also certain young ladies who choose to continue their profession independently so that they have more control over their goals.And the last most common reason is the overwhelming feeling of being undervalued or underutilized.
The corporate world seldom fully recognize women’s ability to contribute, nor do they curate an environment that allows women to reach their potential and succeed at the highest levels.