The global coworking boom can teach South African companies a lot about what modern employees want, and how best to approach hybrid work models.
Alongside a spike in job resignations (especially in North America), global coworking has expanded by roughly 158% over the past year. It’s clear that the coworking industry is getting something right.
Is the “great resignation” affecting South Africa?
South Africa’s devastatingly high unemployment rate has ensured that the so-called “great resignation” hasn’t taken off in the same way as it has overseas. Many South African workers are desperate to find and keep jobs.
That’s not to say South Africa is untouched by the demands of newly enlightened workers. A survey by Old Mutual’s reward-management platform Remchannel revealed that employee turnover had increased by 16% across all sectors. Almost 70% of respondents were battling to attract and retain talent.
In-demand skilled workers have the leverage to negotiate better work environments. It’s these workers who can resign rather than return to a traditional office environment.
The emerging “gig economy” also plays a role. Workers who can make money through specialised services and skills may resign from a traditional role to dictate their own hours.
What coworking is getting right (that traditional offices aren’t)
Working remotely during lockdown showed many workers that they don’t need to sacrifice productivity to have a better work-life balance.
Coworking environments offer flexible workspaces that benefit employees and businesses. With multiple branches, workers can choose a workspace close to their home and reduce (or even eliminate) time wasted commuting.
Workers can choose between hotdesking or a permanent and private office, depending on need.
With coworking spaces, businesses can choose flexible and remote work locations for different employees without sacrificing a professional and well-equipped work environment for employees and clients.
Businesses save money using coworking spaces because traditional offices are expensive and require lengthy contracts. Coworking allows businesses to rent space when it’s needed.
How companies can incorporate coworking in hybrid work models
It’s inevitable that workers question the practicality of a 9-to-5 work environment when remote work and flexible hours can benefit employees and businesses, even in corporate environments.
This is why so many businesses are introducing hybrid work models. Workers choose if they want to be in the office full time or work remotely some or all of the time.
Businesses that want to introduce this more flexible approach should start by removing restrictive and expensive office rental contracts.
Coworking spaces work well with hybrid work models because they offer flexibility – even to workers who prefer to work in an office environment full time.
For those who work remotely some or all of the time, a coworking space offers a professional place for meetings with coworkers and clients.
Coworking and flexible office space at The Workspace
At The Workspace, we offer beautiful and professional coworking spaces in Gauteng and Durban. We have serviced and semi-serviced private offices at all our branches.
Our facilities include:
- professional office furnishings
- comfortable communal areas
- high-speed fibre internet
- back-up generators
- meeting rooms and boardrooms
- business services such as printing and copying
- full-equipped kitchens
- secure parking
- 24-hour security and access control.