Coworking space provider "The Office Pass" set to expand operations

Coworking Space provider “The Office Pass” Set To Expand Operations

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Gurgaon based Coworking space provider The Office Pass (TOP) is set to expand operations. Over the next 12 months, the company hopes to open a new Coworking center every 45-60 days. Based on the underlining micro-market, these centers will be in three formats i.e., small (< 100 members), mid (100-300 members) and large (> 300 members).

The next 3-4 Coworking spaces from the company will come up in Gurgaon, offering monthly memberships in the price range of INR 6,000 to 16,000/- per desk. The Office Pass focuses on Coworking spaces for Freelancers and Small companies who remain below the radar for most developers, property agents and owners.

As per Aditya Verma, Founder & CEO, The Office Pass, “Our 1st center has helped validate many hypotheses that we had, before starting the business. Neighborhood office has emerged as the biggest used case among Coworkers. Our members prefer an office near to their place of residence/business and these Coworkers account for over 55% of our current membership. We want to capture this un-serviced segment and open multiple offices at strategic locations versus 1-2 big offices in the CBD area”.

The Office Pass’s upcoming Coworking space in Gurgaon

UNIT ECONOMICS OF COWORKING BUSINESS

The unit economics of a coworking business is favorable, with a gross margin of over 50%, making a strong case for sustainable growth with limited external capital. The use of technology can further improve this margin. The company launched an Online Booking & Payment Platform that allows existing & new coworkers to book office space, meeting & conference rooms through a 100% online experience, which reduces manpower dependence.

THE OFFICE PASS – BUSINESS MODEL DIFFERENTIATION  

“We are expanding our network in a capital-light model, using technology with the objective to expand profitably. In our model, a significant cost is borne by property owners, which allows us to expand without the need for huge capital infusion. We focus on making each office profitable within a reasonable time. We believe this is the only way to scale the Coworking business in India.” says Aditya.

Also Read: The Office Pass – Best Coworking Space in Noida

WHO SHOULD USE COWORKING SPACE?

Finding an office is a major challenge for Micro, Small & Medium Enterprise (MSME) and freelancers due to their inability to get into a long lease and block money in security deposits. Many of them are forced to work from home and in cafes, reducing their productivity. This segment remains below the radar for developers, agents & property owners who find it difficult to service this segment in a cost-effective manner. The Office Pass aims to solve this problem by offering flexible terms & the use of technology.

NEW COWORKING SPACES FROM “THE OFFICE PASS”

Apart from the existing Coworking space at Sohna Road, Gurgaon; The Office Pass (TOP) is due to open new Coworking spaces at DLF Phase 3, Sector 74A & Sector 39 – all in Gurgaon. This approach is in line with the company’s stated objective to connect companies & professionals with high-quality office space within 5 km.

Most office-goers in India, waste precious time and money in commuting to work. If they are able to work from high quality, yet affordable, office near-by, it will solve a big productivity problem for Indian companies.

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6 Major Differences Between Coworking Space and Traditional Office

Coworking Space helps with things that you miss in a traditional Office

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There’s more to a coworking space than just being an affordable option to working in a professional environment. The flexible atmosphere of coworking offers a lot of things that you miss in a traditional office. No wonder, this new age concept of working together with people from various backgrounds is attracting all kinds of professionals, including freelancers, techno nomads, solopreneurs, entrepreneurs, and individuals. Here is a quick comparison between Coworking Vs Traditional Office.

6 Major Differences Between Coworking Space Vs Traditional Office

Multiple Opportunities for collaboration

Whether you are a freelancer or an entrepreneur trying to carve out your niche, collaboration can give a big boost to your business. While a traditional office provides you limited chances of collaboration, the scene can be quite different in a coworking space.

A Coworking space is a hub of professionals coming from different fields of work and having different capabilities. When you are a part of such a varied group, you get multiple opportunities to collaborate with the right people and take your business to new levels.

Access to talent

Regardless of whether you want to fly solo or go ahead with a team, a shared office is one of the best places to access talent. When you are surrounded by a group of talented individuals working near you, the possibility of finding talent is paramount.

For instance, if you are working out of a coworking space and are looking for a graphic designer or a CA, the chances of finding one or getting a reference of one from your Coworker is quite high. They would be glad to service a fellow Coworker and grow their business and network. But the same may not hold true in the case of a traditional office.

No colleagues to compete for growth

When you are part of a shared office, it leads to a greater sense of community. The same can be missing in a traditional office. The main reason is that when you work for the same organization, there can be an underlying feeling of competition among colleagues. But the same isn’t true of coworking spaces. Imagine that you are part of an affordable shared office in Noida. The coworking circle at such a place will have like-minded individuals working to make a mark in their own line of work.

Such people are less likely to harbour a competitive feeling against you and are more likely to have a helpful attitude. As part of a group of individuals, each trying to fulfill their work aspirations in a passionate manner, you will find more support and a feeling of community from your Coworkers.

Informal networking prospects

Considering that you work in a traditional office, think about the people with whom you interact day-in and day-out at your workplace. These people will be your colleagues who work for the same company as you, right?

Also Read: Top 7 Coworking Advantages for Mid-Size Companies

Now imagine that you work out of a coworking office in Gurgaon. Such a place will have dozens of people, if not more, belonging to different professional backgrounds and working for different organizations or dealing with their individual businesses.

cost effective office options for small companies

It will be akin to an ecosystem of professionals, each of whom can turn into an informal business network. You need not have to network in a structured manner. Having daily encounters with some of these people can pay a rich dividend for your business, sooner or later.

Can you expect to find such networking possibilities in your traditional office? We don’t think so.

Diversity in work environment<

A traditional office is a place where you are bound to work with the same set of people in a fixed setup. Since all of you will be working for the same company, there won’t be much diversity in the work environment.

In a coworking environment, you work along with a diverse set of people. Such a setup can turn into an ecosystem of innovation and creativity. You will be able to bounce ideas off such diverse individuals and sharpen your creativity.

In other words, the diverse work environment in a shared office can turn into a breeding ground for your creative persona.

Valuable expertise at an arm’s length

As part of a traditional office, you will be interacting with your colleagues and exchanging information. This can be limiting in some ways as you will interact with a set of people whose line of work is similar to yours.

Now, consider that you are a freelancer coworking in an office for rent in Noida. What you can expect to find there is a heterogeneous mixture of individuals with all kinds of professional expertise. This provides you the opportunity to learn new things.

When you rub shoulders with different professionals, you get to learn new things. In other words, your Noida coworking or shared office space for freelancers can double up as your learning ground for new skills. Where can you expect to find such expertise in a traditional office?

What’s more? The non-traditional office environment and the flexibility to work from a location of your choice come as added benefits when you choose a shared office space. That’s the icing on the cake for sure, isn’t that?

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6 Ways How Coworking Can Help Attract and Manage Employees

How Coworking Can Help Attract and Manage Talent

by | posted in: Coworking | 0

A good team is integral to the success of any organisation, no matter how big or small it is. But most organisations face one common hindrance in their way to acquire a talented work pool: finance. Without an established background and with limited monetary resources, attracting talent can often become a tough task, especially for Start-up companies. If you are a start-up facing a similar situation, coworking spaces can come to your rescue. Yes, this simple yet effective way of working can help you to attract talent without drilling a hole in your pocket. Let us tell you how:

6 Ways How Coworking Can Help Attract and Manage Employees

  1. It offers a unique dimension to attract talent
  2. It helps you save money that can be intested in your team
  3. It encourages and embrases flexibility
  4. It provides a networking hotspot
  5. It helps employee save time and energy
  6. It helps you scale up or down

1. It offers a unique dimension to attract talent

Gone are the days when the word ‘office’ was synonymous with a drab environment filled with compact cubicles. The new-age talent pool is drawn towards offices that allow them to stay true to themselves. Many of them don’t like to be confined in closed cabins and cubicles and would rather sit and work in high quality, but relaxed environment. It would be to your advantage if you offer them the same. Just imagine what will be more attractive for a new candidate: a stifling cubicle life in a traditional office or an open, warm and friendly space for coworking?

2. It helps you save money that can be intested in your team

Coworking spaces are a more affordable option as compared to leasing or renting an office space. Even if you decide in favour of a shared office in a prime location, you can still save a substantial (25%) amount of money. Moreover, you also don’t have to spend money on furniture, furnishings, printers, the internet, office supplies and a lot of other facilities. You can use this saved amount to offer candidates additional benefits and perks. Such initiatives will help to attract the talent pool towards your company.

3. It encourages and embrases flexibility

Having a coworking space or any other place won’t serve you purposefully if the organisation is inflexible in its approach. When you want to attract superior talent, you need to be supportive of their needs and expectations. Having a flexible work schedule can help you to win brownie points with the candidates. For instance, you may need your employees to put in a fixed number of hours at work each week but you allow them to decide how many hours they want to work every day. While such rules do not gel well in the traditional office environment, you can always go ahead with your flexible rules at a shared office space.

Also Read: 5 Reasons Why Collaboration Is Key to Business Growth


4. It provides a networking hotspot

Shared offices are often a melting pot of different individuals from different backgrounds. Working in such an environment means that you get ample opportunities to network with people on a regular basis. As your network grows, acquiring talent becomes easy. Most shared offices turn into a community of like-minded individuals who are ready to help each other out. Since such individuals are trying to carve a niche for themselves in their own fields of work, they are open to helping each other out without developing a sense of competition among themselves. When your organisation is a part of such a community, you can easily outsource some functions like accounting, payroll, and travel to other companies working out of the same coworking office. This way you can get the work done without taking on an additional headcount.

5. It helps employee save time and energy

Do you know the one thing every employee detests to the core is? Yes, having to spend hours and hours in the traffic. It not only consumes their time but drains their energy levels as well. As a result, many young people are looking for a work culture that helps them escape the horrendous city traffic. When you choose a shared office culture, you can offer candidates the option to work from their chosen location. They can even walk to office. That’s every employee’s dream come true!

6. It helps you scale up or down

As your organisation or start-up grows, so will your team. To accommodate a growing team, you would need more space in your office. Now if you have to downsize, you won’t have any need for that extra space. A shared office provides you the option to scale up or scale down as per your requirement. Coworking spaces charge you on a per-seat basis and not on per square feet (which is an outdated concept). You can add seats in a coworking office when you are expanding and vice-versa; without the need to change office frequently.

If you are looking for a shared office space where you can attract and retain superior people, Theofficepass.com can be the answer to your needs. With a range of facilities and membership options, they add innovation to the way people work. Small companies & professionals, looking for Coworking space in Gurgaon can What’s APP The Office Pass @ +91 8999 82 82 82 or drop an e-mail to hello@www.theofficepass.com/toppings.

A coworking space is a great place to innovate, collaborate, and attract talent. Regardless of your limited resources, you can always expect to have a professional space to work with your team when you opt for a shared office.

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Why Coworking Spaces are great human resource (HR) initiative for Large Companies

Coworking Spaces – A Great Hr Initiative for large Companies

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If you look back to a decade ago, coworking spaces had already started capturing the attention of freelancers and start-ups as affordable and flexible office space solutions. For a few years, it seemed that this mode of working was only meant to cater to the needs of entrepreneurs, start-ups, freelancers, or anyone who wanted to work solo or with a small team. But things have started taking a new turn in the last couple of years when large companies began making an entry into shared office environments. In fact, the year 2017 saw many established firms and companies opening up to the idea of shared office space solutions. For large companies, coworking is not only a quick and easy way to cut costs but also a great human resource (HR) initiative. We tell you why and how:

Why Coworking Spaces are A great human resource (HR) initiative for Large Companies

It helps attract top talent

Today, every large company faces a common challenge: talent acquisition and retention. Skilled talent is scarce, to begin with. As a result, companies are going all out to attract and retain talented employees and huge amounts of money are being spent on talent retention. For the skilled people, the choices are aplenty. Big brands and attractive work profiles apart, the proximity of office also plays a key role in an individual’s decision to join a particular company. This is where neighbourhood coworking spaces are making a real difference.

Attract Talent - The Office Pass

By renting coworking spaces in multiple locations, companies can attract and retain talent in an effective manner. For instance, imagine that a potential employee stays in Gurgaon. Two top companies with offices in Noida are trying to recruit her/him. One of the companies has taken up a shared office for rent near metro station in Gurgaon. Which one will be an attractive proposition for this person, given that both companies are big brands offering lucrative job profiles? Of course, the one with the shared office space will have an advantage due to its proximity near the individual’s home. Moreover, due to the same reason, the company will be able to have an edge in retention as well.

It helps ensure higher productivity

Talking of retention, one of the key reasons employees look to change the company is that they wish for a greater work-life balance. The high-pressure scenario at work, long commutes to the office, and constant stress, all boils down to disrupt the work-life balance of employees. As a result, their productivity suffers. In the long term, this can become a cause of concern for the company as well. One way to overcome this issue is to ensure a greater work-life balance, which will automatically translate into higher productivity.

Also Read: Top 7 Coworking Advantages for Mid-Size Companies

Increase Productivity - The Office Pass

To continue with our previous example, if an employee has to commute to Noida daily, she/he won’t get much time to call her/his own. Added to that, there will be the pressure of commuting every morning during the rush office hours. Over a period of time, this will start reflecting in the quality of her/his work. Eventually, that person might feel tempted to look for other work options that offer a better work-life balance. Now, if the same individual decides to join the company working out of the shared office near the metro station in Gurgaon, she/he can save the time otherwise spent on commuting and traffic. With a better work-life balance, her/his focus will be on improving productivity at work. Moreover, such employees will be less tempted to look for other job options. So, by taking up the coworking office for rent in Gurgaon, the company is not just attracting talent but is also helping to retain them and increase their productivity.

Accommodate staffing changes cost effectively

Sometimes large companies have to make unexpected changes in their staffing levels. For an HR department, such changes can mean a whole lot of issues regarding space and resources. Coworking spaces enable companies to glide over these problems in a smooth manner. The main advantage of renting a coworking space is that companies get the option to expand their staff size without having to worry about spending a huge sum in leasing a property and accessorizing it.


Also, co-working spaces enable companies to arrange office for off-site project teams and travelling employees. All these can be achieved at the fraction of the cost needed to come up with an office for rent. For instance, if a company decides to take up an office space for rent in Gurgaon instead of a coworking space, the costs will increase substantially. Then again, there are legal issues regarding the lease, tenure, etc. In fact, the money required to lease an office for small companies in Gurgaon can be more than the amount needed to accommodate a large team in a coworking space. Large companies can save this amount and spend it to retain their staff by offering added perks and bonuses.

They say, the human resource is the greatest of all resources. And we couldn’t agree more! By going the coworking way, companies – both small and large- can attract skilled people, retain them successfully, and build an efficient team. No wonder shared office spaces are exploding in popularity these days!

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