Can you really claim to be a good employer if your employees have to wait an eternity for something as small as extra desk space? You may have the best of intentions in your heart and your hands may be tied because of the complexities involved in making changes to your conventional rented office.

However, such excuses are unlikely to hold for long, especially at a time when switching to a coworking space can help you become a better employer without even having to make an effort. This is how a coworking office can help you become the best employer in town.

Location, Location and Location!

Coworking gives you the option of setting up your office anywhere in the city without any restrictions whatsoever. Cost won’t be an issue since you won’t be leasing the physical office as a whole. Instead, you will simply pay for the time for which you and your team utilize the office facilities.

Glam Up the Working Experience

Ergonomic furniture, fancy lights, a posh ambience, free refreshments through the day, high-speed net connectivity - imagine offering all these facilities and amenities to your team without talking about salary cuts?

Your employees would simply love the idea of telling their family and friends about their rich and luxurious working environment. The best part is that you can plan all this without worrying about balancing your budget.

Networking for Career Growth

Just as you don’t need a full-time lease on your office to run a profitable business, you may realize that you don’t need full-time employees as well. Instead of binding your team to a single job, you can setup time-centric work contracts and free your team to use their free time working for startups.

The best thing about such a strategy is that your team can find work opportunities in the same coworking space, which makes it a win-win situation for everybody concerned.

Share your Savings

Do you enjoy a discount on your office rent just because you don’t work on the weekends? Well, you can opt for the weekdays-only contract and save a lot of money in the process. Coworking makes smart financial sense and this benefit can be shared with your team in the form of out-of-turn increments for the entire team.

Extra desk space at call and all other benefits combined with the pay hike will surely make you the best and most sought-after employer amongst all your competitors.

No business decision should be taken without a detailed cost-benefit analysis, which includes your proposed switch from your rented office to a coworking desk? So, is a coworking desk cheaper than the conventional rented office space option?

Many entrepreneurs make the mistake of simply comparing their monthly office rent with the cost of hiring the coworking desk. It is very important to have comparable figures in hand to minimize risk of a flawed decision.

No Deposits

The deposit payable on your office lease is a completely unproductive cost for your business. Keeping this deposit in a bank will help you earn interest. Using it in your business will help you boost your productivity.

Ideally, you should deduct the interest income that your business will earn from the freed-up deposit amount when calculating the annual cost of a coworking desk.

No Extra Expense

A coworking office offers numerous additional services and facilities over and above the coworking desk.

A coworking package invariably includes office furniture, high-speed Internet, refreshments, storage space, vehicle parking facility, printing and scanning equipment, and a meeting room in the monthly fee.

So, you should add these expenses to your monthly office rent before comparing the cost of a coworking desk with your rented office.

Scale Up or Scale Down with Ease

One important distinction between coworking and conventional offices is that the latter does not allow you to scale up or scale down your office infrastructure.

If you have invested in a dozen desks, then you don’t have the option of returning six and seeking a refund when you are working with a small team. Similarly, you cannot just expand your office space and add an additional six desks to tackle an unexpected surge in your workload.

Coworking desks allow you to scale up or scale down your operations without any hassles. More employees joining your team? Simply pay the per-month fee for the number of desks you require and you are set up for the extra workload.

Want to work with a smaller team during the holidays to save on costs? Simply drop coworking desks as required and you are set until you wish to scale up your office size again.

In a rented office, your business is tied down to a specific location and the various physical and contractual restrictions laid out in the lease contract. A coworking service offers flexibility that, if used sensibly, can help you save on office costs without any adverse impact on your productivity or profitability.

The secret to running a successful and profitable business is to follow a simple mantra when taking a business decision - Is it good for my business?

That’s it. From switching from a rented office to a coworking space in Peckham, to comparing different coworking space Peckham service providers, this simple technique will help you take the right decision all the time.

And it goes without saying that switching to a coworking space can be the smartest business decision that you can take today.

Freeing up Precious Business Capital

How exactly is the deposit lying idle with your office landlord helping your business? It may have made sense earlier when setting up an office was possible only by paying the deposit.

Today, you can hire coworking space in Peckham for a day, a month, many months, or even longer without having to worry about deposits ever again. This simple decision can help you gain an edge over your competitors and free up precious business capital that can be used to boost your profits.

Best Value for Money Proposition

The modern office is about experience and not the space. Merely renting an enclosed space does not mean you have an office. A working space that enables you and your team to work at maximum efficiency and productivity is what constitutes a modern office.

This is where hiring a coworking space in Peckham can help you get more value for your money. The monthly rent you pay gets you access to the premises and nothing more.

In a coworking space, the monthly fee will include facilities like high-speed Internet, hot tea and coffee, printing and scanning services, ergonomic office furniture, networking events, and a lot more.

Leveraging Modern Solutions

Renting an office was essential for running a business when a group of individuals could work together only by gathering at a specific physical destination. With the world becoming one big village and people spread all over the world working together, the idea of a rented office has become obsolete.

Coworking spaces, on the other hand, help you leverage the advantages of the modern world. Why rent offices when all you need is a table and chair for your laptop to manage and supervise your global team?

From reducing costs to impressing investors with your business savvy, working with a coworking space Peckham service provider can be the smartest business decision that you can take today.