Why Are MNCs Choosing Coworking Spaces in India?

Discover why multinational companies (MNCs) in India are moving to coworking spaces. Explore benefits like flexibility, cost savings, top locations, and employee satisfaction.

In the past few years, numerous multinational corporations (MNCs) have begun operating from coworking spaces. These are collaborative office setups where individuals from various corporations work under the same roof. Coworking previously was primarily meant for freelancers and small start-ups. However, now even large corporations are opting for this method of working, particularly in India.

Flexible plans that work for everyone

One of the largest reasons that MNCs prefer coworking spaces is that they are flexible. In a traditional office, firms have to lease for 5 or 10 years, sometimes. But with coworking spaces, they can lease space for several months or even weeks. This is excellent for firms that are expanding rapidly or beginning new initiatives. They can occupy more space when they employ more staff or less space if necessary, without issues.

Offices in the best locations

Coworking businesses, such as WeWork and the like, have offices in the best locations of major cities such as Mumbai, Bengaluru, Delhi, Hyderabad, and Pune. MNCs are able to easily establish teams there without acquiring property or developing their own office space. This allows them to reach closer to customers, quality employees, and transportation facilities. Moreover, if they wish to establish offices in further cities, coworking makes it convenient and quick.

Ready-to-use office setup

It is difficult to set up an office for the first time. You have to purchase tables, chairs, establish Wi-Fi, install lights, and recruit cleaners and security personnel. But the coworking spaces have all that available. MNCs are able to shift in and begin working from day one. The spaces provide high-speed internet, conference rooms, printers, security, cleaning personnel, and so on. It saves time and effort for the company.

Also Read: Why planning your office space is a necessity?

Makes employees happy

Today's young workers do not desire dull old-fashioned offices. They desire a pleasant work place. Coworking spaces are designed with trendy interiors, open spaces, coffee lounges, relaxation rooms, and even wellness rooms. These contribute to people feeling more content and cheerful at the office. For MNCs, this is an excellent method to lure in and retain good staff, particularly young workers concerned about work-life balance.

Saves a lot of money

Operating a personal office is costly. You need to pay for electricity, rent, cleaning, internet, and repairs. In shared offices, all of these are covered in a single easy cost. This saves MNCs money and prevents them from spending excessively on office arrangements. They also don't need to worry about taking care of these services; it is taken care of by the coworking firm.

Ideal for networking and collaboration

Coworking is not only about chairs and desks, it's also about people. In such places, individuals from various firms, sectors, and nations coexist. This facilitates networking, collaboration on ideas, and even new business ventures. MNCs can pick brains from start-ups and small businesses around them. It's also employee development-friendly, as most coworking spaces have workshops and playful activities.

Custom look and private space

Although coworking spaces are common, most coworking spaces provide private office space within them. This implies that an MNC may have its section with its logo, furniture design, and exclusive meeting rooms.

Also Read: How is a Flexible Working space different from a traditional office space?

Conclusion

Increasingly, Indian MNCs are opting for coworking offices. They are more than just a fad; they are a smarter way of working. Among the leading providers of coworking offices is WeWork, which has a presence in top Indian cities. WeWork provides MNCs with premium workspace, fast internet connectivity, meeting rooms, event spaces, and support services. With WeWork coworking spaces, businesses have all that they require under one roof, and that too without hassles.