At the end of the day, it is your productivity that counts. And when we say productivity, it refers to the efficiency of a professional in completing his/her task on a daily basis, and how they achieve their targets. While the entire private sector focuses on productivity, a lot of it depends on the availability of modern resources and facilities.Â
You may not get the modern resources in all traditional offices but you will surely get them in the coworking spaces. Along with this, you will also get flexible workspaces and a super supportive as well as collaborative environment.
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5 Major Impact of coworking spaces on productivity for professionals
Collaboration: In a coworking space, you will be able to experience a collaborative environment where you can interact with others from various backgrounds as well as industries. This can further help you to exchange ideas with others and it will surely promote your creativity.Â
Networking Opportunities: Gone are the days when you could go to the office, talk to none and come back. These days, networking plays an important role. And you will get ample time to network with other professionals in a coworking space. You can meet with others, and you may even get business opportunities.
Distraction-Free Environment: An office where there is no chance of getting distracted is probably something we all want. This is exactly what you get in a coworking space. The environment in a coworking space is usually quiet and free of any distractions. This ultimately helps in boosted productivity.
Access to Resources:In a coworking space, you will have access to resources like printing, high-speed internet, and meeting rooms. These resources reduce downtime.
Increased Productivity: Coworking spaces come with a flexible and collaborative environment. This leads to boosting productivity.
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Coworking spaces can have a positive effect on your productivity as a collaborative environment, networking opportunities, a distraction-free environment, increased motivation, access to resources, and community support are available.
If you are looking for a coworking space in Delhi, Noida and Gurgaon where you can be the most productive, you can consider The Office Pass (TOP). To contact us, you can call on 08999 828282.
Under the founder speak initiative of The Office Pass (TOP) christened #TOPTALKS, we are pleased to share the story of Vinay Bathla, CEO, zKonsult Innovative Solutions (ZISPL).
ZISPL, founded by a set of Certified industry experts with almost a century of cumulative experience, is a fast-growing brand engaged with fortune 500 clients helping with their Technology, L&D and HR needs.
Vinay and his team operate from TOP Coworking Space in Gurgaon and in this post he shares his experience of building and scaling the company.Â
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1. Tell us something about your (education & experience) and the business you started
This company started in 2018, when three great women leaders came together and planned to start something of their own. The idea was human capital transformation or human skill transformation, and they named the company Stylus Era which was, in the beginning a proprietorship company.
We began with three lines of business- content development which is now called as e-learning or learning solutions, HR solutions for recruitment and training solutions. As we grew and reinvented as a private limited, we changed the name to zKonsult Innovative Solutions Private Limited (ZISPL).
Now there are six co- founders, the three initial founders and their respective spouses who are now working for the company.
I joined the company, as a CEO, four months ago and introduced technology solution as a line of business to the existing services portfolio.
2. How old is your company and how did you think of this concept? What problem are you trying to solve?
This is a four-year-old company. The founders wanted to build something on their own rather than following someone.
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
We are a pure B2B services company. We support our clients in any of the four lines of business. For instance, for content we offer to create modules, be it for corporate learning, or applications or product that they develop, any format of e- learning such as video, simulations, game-based or gamified etc, and the model is on project based.
On the recruitment & HR solutions we work with very selected premium clients. The idea was to serve the same client end to end. After the pandemic, people are still rediscovering themselves and it’s been only four months that I’ve joined.
ZISPL team @ The Office Pass (TOP) Coworking Space in Gurgaon
My first plan of action is to streamline certain processes and build a pipeline before we close this financial year, post which we shall redefine ourselves and build a 1-3- 5 years strategic plan. We want to be recognised as the best partner in the market for our clients. Our aim is to go global and play local as well.
ZISPL is a bootstrapped company and one of our strategies is to grow with acquisitions. As of now we are able to sustain our services and our profits are used to reinvest and build.Â
4. Top 3 steps taken by you to attract and retain talent? Explain how you develop / nurture talent in the company?Â
We have 48 full time employees and a pool of trainers and freelancers that work with us on a part time basis. All our employees are working across India and we have one office in Netherlands as well. Our attrition rate is almost zero and we give credit to our open working culture.
Since our employees are working remotely, employee engagement is key for us. We have our HR department taking active care of regular employee interactions be it with management or peers.
ZISPL team enjoying @ The Office Pass (TOP) Coworking Space in Gurgaon
We also attend to our employee’s wellbeing, and learning. Another important aspect of employee engagement, especially in remote working situation is Communication. Employees need to be apprised of everything that happens within the organisation, else they tend to be disconnected.
💡 Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
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5. What do you like to do in your free time?Â
I like spending time with my kids.
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
Before the pandemic hit, we worked in another coworking facility for a few months. Covid- 19 forced all of us to work from home but it’s very important for an individual to interact with their teams.
We had looked for many coworking spaces before choosing The Office Pass and it’s been almost six months working out of TOP.
7. How is your overall experience with The Office Pass (TOP)?Â
In addition to being economical, I find that the people here are good. They have been supportive right from the start. They go above and beyond to cater to our every requirement.
I find that the culture and thought process of the founders aligns with what we are looking for. To top it off, the facility is aesthetically beautiful.
The concept of coworking spaces has become extremely popular in India. It has started to contribute to the Indian economy. Apart from that, coworking spaces have become hubs for freelancers, small businesses, startups, and entrepreneurs. If you are wondering how coworking spaces have an impact on the Indian economy, here are some of the ways discussed below:
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8 ways in which coworking spaces are helping Indian Economy
Coworking spaces bring a supportive atmosphere for business owners and startups. You can avail of flexible networking opportunities, and working spaces, and also have access to resources as well as mentorship programs. These can help you to prosper.
2. Increasing Job Creation
Coworking spaces are bringing job opportunities in segments such as finance, marketing, IT, and customer service. With more businesses setting up, the need for skilled professionals is increasing. This ultimately leads to job opportunities.
3. Supporting Freelancers
There is quite a good number of freelancers and remote workers who are contributing to businesses in India. For them, coworking spaces are a great option as they get a supportive environment where they can not only just work but also network with other freelancers and businesses.
4. Driving Innovation
Coworking spaces provide a platform for people who think alike to come together, share ideas as well as team up. This helps to come up with innovation, and it even leads to the creation of new products and services.
5. The attraction of foreign investment
Coworking spaces in the country have a good contribution and they are attracting foreign investments to India.
6. Boosting Local Economies
The majority of the coworking spaces are located in areas that are still emerging and not so developed. This helps in boosting the local economy. This also helps with job opportunities and attracts new businesses.
7. Improvement in Real Estate
It is because of the coworking spaces that real estate has seen good growth. As coworking spaces are growing, commercial spaces are much in demand. As per a recent survey, coworking spaces currently account for around 20% of all commercial real estate transactions in India. This was merely 14% about 2 years back.
8. Encourages Regional Development
Coworking spaces are spreading to Tier-2 cities as well as towns in India. This helps in the development of the region and lessens the concentration of economic activity in bigger cities.
💡 Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
Call now: 08999 828282
In conclusion, coworking spaces are playing an integral part in boosting the Indian economy. They support entrepreneurship, come up with jobs, promote innovation, attract foreign investment, and enhance local economies. If you too are looking for a coworking space in Gurgaon, Noida and South Delhi that gives you all the required amenities such as high-speed internet connection, printing facility, entertainment options, a cafeteria, etc, then you must choose The Office Pass (TOP). Not only will you get the best facilities but you will certainly like the locations as well. All that you have to do is to contact us at 08999 828282.
Gone are the days when companies would either have their own office space or would take it on rent. These days, the concept of coworking spaces has taken over. The biggest reason is the difference in cost. The expenses related to traditional office space in India depend on various factors like location, size of the space, and infrastructure.Â
The cost of renting a bare shell traditional office space in cities like Mumbai, Delhi, Bengaluru is between INR 80 to INR 250 per square feet, approximately. Add to it the cost of furnishing, maintenance, electricity, office boys, security, air-conditioning, power back-up, electronics, insurance, admin manpower, office supplies like tea & coffee, mineral water etc would be around INR 60 per square feet. Overall cost of running a traditional office will be INR 140 to INR 310 per square feet. Assuming occupants are sitting with a density of 70 square feet per person, this works out to be INR 9,800 to INR 21,700 per seat (or per person) per month.
💡 Are you looking for Coworking space in Gurgaon, Noida or Delhi?. We are just a call away.
Call now: 08999 828282
Talking about coworking spaces in India, the cost is far more affordable. Most coworking operators charge you on a cost per seat basis that removes all the hard and tedious calculations. The cost per seat in a coworking space ranges between INR 8,000 to 14,000 per seat per month. Thus there is a cost saving in access of 20% merely by switching from a traditional office to a coworking space.Â
Cost is often one of the basic factors for businesses when it is about choosing between a coworking space and a traditional office. Here we listed out some factors that help in differentiating the expenses between traditional office and coworking office as mentioned below:-
Cost Comparison Between Traditional Offices & Coworking Spaces in India
Coworking spaces usually charge a monthly fee for shared workspaces and common areas. Traditional offices often have a higher monthly rent for a private office or workspace (as explained above).
2. Utilities
In a traditional office, utilities like electricity, internet, and phone services are often an additional cost, whereas, in a coworking space, these utilities are typically included in the monthly fee.
3. Maintenance
In a traditional office, maintenance cost is charged separately. However, in most coworking spaces, these services are included.
While setting up a traditional office space, office equipment needs to be purchased; while these items are available on rent in a coworking space.
5. Amenities
Coworking spaces often offer a range of amenities such as meeting rooms, printing facilities, coffee and snack areas, and event spaces, which are usually included in the monthly fee.
6. Location
The location of a coworking space can affect its cost, with more desirable locations usually having higher monthly fees. Traditional offices may also be more expensive in prime locations.
7. Flexibility
Coworking spaces offer more flexibility than traditional offices, such as the ability to scale up or down the amount of workspace needed, or the ability to change locations. The duration of the lock-in period in a coworking space is 12-18 months whereas in a traditional office the lock-in is usually 3 years.
8. Community
Coworking spaces offer a sense of community and networking opportunities, whereas traditional offices may not. The cost of the community aspect should be considered when comparing the two options.Â
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Thus, coworking spaces are generally more economical as compared to traditional office spaces in India. However, it is important to consider factors such as the type of infrastructure, location, and amenities offered, before taking the final call.
While you are looking for a coworking space in Delhi NCR, you can sneak peek at the benefits that The Office Pass (TOP) offers. To discuss this at length, you can call us at 08999 828282.
