Top 8 Reasons why Co-Working spaces are better than tradition offices

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Co-working spaces have emerged as a popular alternative to traditional offices in recent years. Co-working phenomenon which was earlier popular with freelancers and start-ups is now spreading fast among mid and large sized companies. Here are the top 8 reasons why co-working spaces are finding favour when compared to traditional offices:

8 Reasons why Co-Working spaces are better than tradition offices

  1. Flexibility
  2. Cost-Effective
  3. Networking Opportunities
  4. Increased Productivity
  5. Access to state-of-the-art facilities
  6. Improved Work-Life Balance
  7. Reduced Stress Levels
  8. Access to Expert Support

1. Flexibility

Co-working spaces offer more flexibility in terms of location, seating arrangements, rent, and loc-in periods when compared to a traditional office. This allows businesses and individuals to adapt to changes in their work requirements easily. A traditional lease for an office in India is for 3 years. However, an average lease for a co-working office is only for 12 months.

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2. Cost-Effective

Co-working spaces are generally more cost-effective than traditional offices, especially for mid-sized businesses and freelancers. They offer shared amenities, such as a cafeteria, meeting rooms, printing, and high-speed internet, without the added cost of setting up and maintaining them. When the cost of these shared services are shared among multiple companies, the cost per company drops dramatically. As per one estimate an organisation can save 18-22% of office operational cost merely by shifting from a traditional office to a co-working space.

3. Networking Opportunities

Co-working spaces bring together a diverse community of individuals and businesses, providing ample opportunities for networking and collaboration. This can lead to new business opportunities and valuable connections. Networking between people working in same organisation get clouded by their competitive intensity and office politics.

4. Increased Productivity

The open and collaborative environment of co-working spaces can lead to increased productivity, as individuals are able to share ideas and resources more easily.

5. Access to state-of-the-art facilities

Co-working spaces are equipped with the latest technology and modern amenities, allowing individuals and businesses to work efficiently. Traditional offices often do not offer facilities like face recognition based access controls, 5th or 6th generation WiFi access points, CCTV surveillance to prevent theft and mischief. Co-working spaces have these as integral part and they keep adding new age state-of-the-art facilities as they are introduced in the market.

6. Improved Work-Life Balance

Co-working spaces offer a more relaxed and flexible work environment, allowing individuals to balance their work and personal life more effectively. Co-working spaces like The Office Pass (TOP) allows employees of their member companies to work from any of their offices that are close to the place of residence. This helps them save valuable commute time which can be spend with friends and family members.

7. Reduced Stress Levels

The collaborative and supportive environment of co-working spaces can reduce stress levels and increase job satisfaction. Employees are not always surrounded by pears who are fighting for the same position / project. Instead, employees of one organisation can freely interact with employees of many other organisation without any sense of competitiveness or prejudice.

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8. Access to Expert Support

Co-working spaces have companies of extremely diverse background. If you need someone to help you with a particular project or initiative, help may be just a few steps away. All you need to do is to request the community manager to connect you with people knowhow on the topic. This is especially beneficial for companies that are looking for innovation and diversification. Start-ups can find mentors in fields like product, technology, marketing, strategic initiatives etc with relative ease. This is difficult in a traditional office setup.

In conclusion, co-working spaces offer numerous benefits over traditional offices, including increased flexibility, cost-effectiveness, networking opportunities, increased productivity, access to state-of-the-art facilities, improved work-life balance, reduced stress levels and access to expert support. For businesses and individuals looking to take their work to the next level, co-working spaces like The Office Pass (TOP) provide a compelling alternative to traditional offices. To know more about TOP Coworking offices in Delhi NCR call at 08999 828282.

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5 Advantages of Coworking Offices for Indian Corporates

by | posted in: Coworking | 0

Coworking spaces have become increasingly popular in India over the last few years, and for good reason. These shared office spaces offer a number of benefits for companies of all sizes and across all industries. From cost savings to increased productivity, coworking offices are an ideal solution for businesses in India looking to streamline their operations and stay ahead of the competition.

5 Top Benefits of Coworking Offices for Indian Corporates

  1. Cost-effective Solution
  2. Increased Productivity
  3. Networking Opportunities
  4. Improved Work-Life Balance
  5. Access to State-of-the-Art Technology

1. Cost-effective Solution

Coworking spaces offer a cost-effective solution for companies looking to reduce their overhead expenses. Rather than committing to a long-term lease for 3-5 years on a traditional office space, coworking offices offer flexible arrangements that allow businesses to scale up or down as needed. This can be particularly advantageous for startups and small businesses that are looking to save money on rent and utilities. As per an estimate, organisations are able to save from 18-22% on their office operational expenses by simply moving to a Coworking space.

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2. Increased Productivity

Studies have shown that coworking spaces can actually increase productivity for workers. The collaborative environment of a coworking space fosters creativity and innovation, leading to more efficient and effective work processes. There have been several cases of companies hiring for open positions in their organisations using services of recruitment companies using the same coworking space. SMBs who cannot afford an accounts and finance persons have taken help of CA firms operating from their Coworking spaces. Additionally, coworking offices often offer a variety of services, such as high-speed internet, printing and scanning facilities, and meeting & conference rooms, which can all help to streamline and improve the productivity of employees.

3. Networking Opportunities

Coworking spaces provide an excellent opportunity for businesses to network and build relationships with other like-minded professionals. This can be especially beneficial for startups and small businesses (SMBs) looking to expand their networks and form new partnerships. Many coworking space operators, like The Office Pass (TOP), also host regular events and workshops, which can provide valuable opportunities for businesses to connect with potential clients and partners.

5 Steps To build A Great Culture For Your Company

4. Improved Work-Life Balance

Coworking spaces can help to improve the work-life balance of employees by offering a flexible and supportive work environment. This can be especially important for workers who are looking to balance their careers with family and personal responsibilities. By providing a supportive and flexible work environment, coworking offices can help to reduce stress and improve overall well-being for employees. Employees can work out of an office close to their place of residence thereby reducing commute time. This means they have more time to spend with families and friends.

5. Access to State-of-the-Art Technology

Coworking spaces often invest in the latest technology and tools, which can be extremely beneficial for businesses looking to stay ahead of the curve. From high-speed internet, face recognition access control, CCTV coverage and video conferencing facilities and virtual reality, coworking spaces provide access to the latest technologies that can help businesses to innovate and stay competitive.

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In conclusion, coworking offices are a valuable solution for businesses in India looking to reduce overhead expenses, increase productivity, and foster a supportive work environment. With the increased popularity of coworking spaces in India, businesses of all sizes and across all industries are now able to take advantage of the many benefits that these shared office spaces have to offer. Whether you’re a startup, small business, or large corporation, coworking offices can help to streamline your operations and keep you ahead of the competition.

If you are a business looking for a coworking space in Delhi, you can consider The Office Pass (TOP), the largest Coworking operator with 14 Coworking Offices across NCR. TOP offices are tastefully done and offer flexible & economical membership benefits specially for Indian corporates. To know more, call TOP at 08999 828282.

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TOP TALKS: Nitesh Duhan, Founder, Human Peritus

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Under the founder speak initiative of The Office Pass (TOP) christened #TOPTALKS, we are pleased to share the story of Nitesh Duhan, Founder, Human Peritus. Human Peritus is a trusted advisor for UGC NET, UPSC Recruitment exams, Marketing and HR officer exams in PSUs, Management optional for UPSC.

Nitesh & his team has been associated with TOP Coworking space for over a year and in this post Nitesh shares his experience of building and scaling the company. 

1.Tell us something about you (education & experience) and the business you started

I am an Engineering graduate and also a MBA holder. Before venturing into my own business I have worked in some prominent firms such as Infosys, Aadhar project and PwC. I started Human Peritus in the year 2012 and the idea behind the institution of Human Peritus was that there was a need for competitive exams and in the field of higher education. When I say higher education, I am referring to the education options after post-graduation.

Nitesh Duhan, Founder, Human Peritus

Since this entire higher education spectrum was very wide in nature, we started with a very small segment which was management. We started by focusing on one particular exam, which was UGC net in management, later we expanded into other exams like HR and marketing officer with different PSU. Then we started offering new subjects like HR and labor laws and commerce. Slowly we also kept expanding the exams like UGC net then UPSC exams like UPSC recruitment exams etc. 

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2. How old is your company and how did you think of this concept? What problem are you trying to solve?

As of 2023 we have been in the business for 10 years. The idea behind the seeding of Human Peritus was to enable a trusted advisor for UGC NET, UPSC Recruitment exams, Marketing and HR officer exams in PSUs, Management optional for UPSC. We are the subject matter experts in Management and Commerce subjects, we help students by assisting them in competitive exams UGC NET, HR officer exams, UPSC and so on.

3. What is your business model (how do you make money)? Would be great if you can share some actual data like revenue growth (QoQ or YoY), active user / customers, new initiatives etc

Our business model is pretty simple, we charge students with a stipulated amount of fee depending on the nature of the competitive exam and offer Concise Printed Booklets, Live Classes, Recorded Videos of Live Classes, Question Bank for Practice, Previous Years solved papers, Mock Papers and support them until they clear the above mentioned competitive exams. Over the span of 10 years, I think we have enrolled 10,000 students with us from all over India. We are present and are spread over Pan India. We basically met the end to end requirements of our customers to crack competitive exams.

Human Peritus Team

Team Human Peritus @ TOP Coworking Space in Gurgaon 

4. Top 3 steps taken by you to attract and retain talent? Explain how you develop / nurture talent in the company?

The calibre of an organization’s talent, in my opinion, greatly influences its strength. In my opinion, in a hiring market when competition is fierce, the best way to draw top talent is by offering a solid organisational culture and chances for personal development.

Workplace culture is the first thing to consider because it installs confidence in new hires to stay put and keeps seasoned employees anchored and obedient. Keep in mind that a fear-based workplace culture can hinder communication and result in major issues. Always put being transparent first. Conversations may enhance skill in a variety of ways once they start. 

5. What do you like to do in your free time? 

I play sports to kill time but since the pandemic there has been a hindrance. Post work I make sure I spend time for myself at home, sometimes I go join my colleagues for dinner. My free times are pretty simple.

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6. Tell us about your workspace (own office, coworking office, managed office or anything else like home office or hybrid working environment) and the reason for opting for them

Currently we are operating from The Office Pass (TOP), Unitech Cyber Park in Gurgaon, Haryana. We have eight people working full time and around 15 employees are working on a part time basis.

The Office Pass (TOP) is a spectacular co-working space that offers all the amenities with a great infrastructure. It is aesthetically pleasing and is a delight to work in. It has some private meeting rooms and the pantry is very clean and hygienic. It feels very professional and is a refreshing place to work in the morning.

7. How is your overall experience with The Office Pass (TOP)? 

The Office Pass (TOP) is a great place to work. It is very well managed. The support and maintenance staff are great. Everything is clean and they promote a hygienic environment.  The building is technologically advanced, spacious and has a very pleasant design.

With all the office amenities and essentials it is a peaceful place to work. My experience with TOP has been a hassle free one and I would recommend them for any business leaders.

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The Office Pass (TOP) to open its 14th Coworking office in Delhi NCR

The Office Pass (TOP) to Open its 14th Coworking Office in Delhi-NCR

by | posted in: Coworking in South Delhi | 0

New Delhi, 10th January 2023: Neighbourhood Coworking operator, The Office Pass (TOP) plans to launch its 14th Coworking office in Delhi NCR (12th in Gurgaon). The new Coworking space, which will become operational by Feb-end, will be spread across 26,000 Square feet. This office will be aesthetically designed with high end specifications to attract MNCs, Large corporates and Start-ups.

  • The new office will be a 26,000 SqFt space in Gurgaon
  • Company plans to open 35 Coworking and 15 Managed offices in next 2 years 
  • TOP existing offices are operating at 87% occupancy

With the opening of this new office TOP will further consolidate its position as the largest Coworking operator in Delhi NCR. No other Coworking company has that many offices in NCR area.

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The office will come up in heart of Gurgaon inside a prominent business complex Unitech Cyber Park (UCP) that offers proximity to HUDA Metro Station as well as being conveniently accessible from Delhi and all parts of Gurgaon. The Coworking office will have over 550 desks distributed across 27 enclosed spaces of different sizes catering to teams of 8 to 200 employees. Additionally, there will be meeting and conference rooms, lounge, café and collab zones creating a vibrant office environment. TOP will make in investment of approximately 12 Cr in this new facility.

“The Coworking & Managed office business is experiencing strong tailwinds. We hope to capitalise on this momentum and target of open 50 offices over next 24 months. TOP business is growing in triple digit and we are profitable. This puts us on a path of rapid and profitable growth.,” said Aditya Verma, Founder & CEO, The Office Pass (TOP).

Flexible office operators see steady demand from enterprises and SME’s due to the uncertainty in the business environment and flexibility on investment commitment in the coworking space.

Commenting on this occasion Brijesh Damodaran, Founder, Auxano Capital one of the early investors in TOP said, “Hybrid work is the way forward. And with the leadership of the NCR markets, the growth playbook for geographic expansion is ready. Both bottom line and top line growth can be expected as TOP opens new centres in the months to come.”

The Office Pass (TOP) to open its 14th Coworking office in Delhi-NCR

The Coworking and managed office market has disrupted the traditional work environment and has seen massive growth in the last few years. Within the Coworking segment, Neighborhood Coworking is gaining traction as founders / CXOs look to avoid the long office commute by opting for an office space close to the place of their residence. TOP has been propagating #WalkToWork in India ever since its inception.

đź’ˇ Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
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About The Office Pass (TOP)

The Office Pass (TOP) is a technology driven Neighbourhood Coworking & Managed Office space provider. TOP is the only Coworking & Managed Spaces Company in India that promotes #Walk-to-Work. TOP’s vision is to have multiple Coworking offices spread across the city. TOP offices are located in CBD areas and around residential Neighbourhoods, so one can find the nearest office in less than 10 minutes.

TOP currently runs 14 offices across Gurgaon, Noida and Delhi. Over 122 mid to large size companies are using TOP Coworking and Managed office services. The company plans to open over 50 Neighbourhood offices over the next 2 years with presence in multiple cities across India.

One can think of TOP as a Convenient store (like 7-ELEVEN) of Coworking rather than a Super Store (like WalMart).

To learn more, visit www.theofficepass.com and follow TOP on LinkedIN and Facebook

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