Transforming the Way Freelancers, Independent Contractors and Startups Work

Coworking spaces offer significant advantages for startups, freelancers, independent contractors and contingent workers. Learn more about the benefits here and how an EOR provider can help.

Coworking, a new way of working 

A coworking space is a workspace where independent people work. A space is rented for a day, a month, or even a year. Such places have everything you need for comfortable work: office furniture, office equipment, computers that can be rented, internet access, a kitchen with a kettle and a microwave oven, meeting rooms and rooms for communicating on the phone, etc. There are several significant advantages for freelancers, independent contractors, contingent workers and startups, as we discuss in the this article.

 

The suitability of coworking spaces

The main feature of coworking is complete openness to the exchange of ideas. This format is well suited primarily for freelancers, independent contractors, contingent workers: marketers, programmers, translators, designers, copywriters, etc. If you want an alternative to working from home, then coworking could be right for you.

It is also a great place for startups and small companies. Until you are sure that your startup will turn into a successful business, there is no point in spending money on office and office equipment. The coworking space provides a comfortable place to work and meeting rooms as required for meeting with clients and partners.

Additionally, you should consider using an Employer of Record service provider to engage and manage your workforce as it grows. Using an Employer or Record (EOR) gives you the flexibility to scale your workforce while in startup mode and enables your workforce to grow as the business grows and move talent into areas of the business as required.

For companies entering new markets, it’s a great opportunity to setup operations and engage the workers you need.

It is also suitable for temporary projects. You don’t have to rent an office space for additional employees, and can pack up the office easily when the project is complete with ease.

 

Coworking space statistics

According to a Cushman & Wakefield report, more than five million square feet of coworking space has been employed in the United States in recent years, according to a Cushman & Wakefield report. This pace was seen in the first half of 2019, adding another 3 million square feet.

Cushman & Wakefield’s report “Coworking and Flexible Office Space” clearly demonstrates coworking spaces’ benefits, risks, and future opportunities, or simply “flexible” office spaces. Investors are happy with the number of coworking spaces, which ranges from 15 to 30 percent of the building. This ratio is often perceived as a strategic necessity for property owners and investors.

According to experts, coworking can withstand the economic downturn. Experts predict that coworking spaces will increase by another 10 percent. Currently, the demand for coworking has not yet lost its popularity but is only gaining more and more like-minded “teamwork.”

 

Benefits of coworking spaces for freelancers, contingent workers and independent contractors

There are many benefits to coworking for all involved.

  • Coworking spaces are high motivation workspaces, stimulated by the atmosphere and the people around them. Although recent trends have seen more people working from home, traditionally we are more productive when in an energized atmosphere, free from the potential distractions of home life. In addition, the vibrant design of some coworking spaces encourages creativity and idea generation. Moreover, when everyone around you is enthusiastically discussing projects or immersed in work, you willy-nilly strive to do the same.
  • Communication and exchange of ideas. Many people hesitate to give up office work, as they will lack communication. In a coworking space, there is not a problem like that. People who are close in spirit will always surround you. You will exchange experiences and help each other in their work. In a coworking space, neighbors will give you exciting ideas, help you get off the ground in solving a problem, and share valuable contacts.
  • Productive meetings with clients. It is not always convenient to discuss large projects with serious clients in a cafe. Coworking centers have equipped meeting rooms to have effective meetings without unnecessary noise.
  • Professional growth. In a coworking space, you can regularly interact with professionals in your field and attend business events that are often held there. This will help you develop faster in your profession.
  • Sufficient rest. People come to work in a coworking center. As with any job, rest is always important and people work better when well rested. Production can be negatively affected if sufficient breaks are not taken. Most coworking spaces also have recreational areas and common areas where you can take a break or engage in a social activity to recharge or alternatively get some quiet time to rejuvenate.

 

How to choose the right coworking space

There are certain criteria that will enable you to choose the best coworking space. The first would be location. Determine an area that will be convenient for all workers to reach. Make sure there are meeting rooms available (if you need them) and check how they are equipped, and under what conditions they can be used. Determine if you need a separate office or if a shared room will suffice. You can choose between fixed and non-fixed locations in almost all coworking spaces. Dynamic seats are cheaper, but they do not guarantee that you will always be able to sit next to each other. In addition, the assigned seat gives you several hours of free use of the meeting room. Find out in the coworking space who the permanent tenants are. It is helpful to know which companies you will be working with next. Finally, think about what services you might find beneficial: legal, accounting, or courier services, and look for centers that provide them.

Coworking works well for freelancers, independent contractors, contingent workers and startups. If working as an independent, it is an alternative to working from home and an answer to some of the challenges associated with it. For startups, it is an economical version of the office, where there is everything necessary for the productive development of the project.

Co-working spaces for freelancers, independent contractors and startups alike have popped up all around the country making it relatively easy to find your ideal coworking space

Why CXC

CXC provides Employer of Record services to companies in the United States, Canada and around the world. For businesses, it’s an opportunity to engage the talent they need, wherever the talent is located.  For startups, it’s an opportunity to scale their workforce, as needed. In both cases, CXC becomes the outsourced HR function for the business.

CXC’s compliance checks and compliance platform CXC Comply ensures all workforce engagements are compliant with local in-country laws.  CXC manages the onboarding, full vetting, ongoing management, and payroll on behalf of the company, thereby reducing risk.

Hire anyone, work anywhere…the right way, with CXC.

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