Co-working spaces have been transforming the modern workforce and its values. It has grown from a small room into a tremendous industry that is expanding worldwide. The concept of co-working spaces fosters an entrepreneurial spirit that enhances innovation and creativity.
According to the 2017 Global Coworking Survey, there are currently 13,800 co-working spaces worldwide, with 1.1 million people occupying these spaces. The research led by Emergent Research and Inuit forecasts 40% of the workforce will be freelancers, independent contractors, and temporary workers by 2020.
Coworking: how did it all start? The term was contrived by Brad Neuberg who was the visionary of the space-sharing movement in 2005. From what started off as a trend to becoming mainstream, co-working spaces have been altering the way people work. It has become a desirable solution for office space in today's workforce.
In modern society, more professions involve interactions and the demand for effective teamwork is critical for various businesses. Although individual productivity is important, teamwork is essential in solving complex issues. Teamwork can generate a sense of trust and loyalty amongst employees, which motivates them to communicate, cooperate and be supportive of one another.