According to reports, 88% of working professionals desire to be a part of a firm that ensures their well-being – physical, mental, and emotional. They prefer striking a work-life balance over having merely a steady paycheck.

What’s more? Unlike earlier, today’s workforce seeks flexible workplaces well-equipped with great amenities. Reports reveal that 78% of millennials stay loyal to employers offering work flexibility. 

All these insights reflect that modern working spaces need to be wired differently than traditional offices. 

A workspace that ensures work-life balance can help build an engaged workforce and the best business outcomes. So, entrepreneurs should focus on creating a happy and flexible work environment while improving business workflows.

In this post, The Address team will share the best tips to help business owners achieve modern working space goals in 2023 and beyond. 

A. Work Environment Goals

#1: Refine Mission Statement

A mission statement depicts an organization’s goals and values, which evolve with business growth. So, refine and create an action-based mission statement reflecting the firm’s goals. This can help employees comprehend their roles and establish the best business practices. 

The best part? It can build a positive workplace culture, thereby boosting employee engagement. 

A report by McKinsey affirms that firms with a solid culture can achieve up to 3 times higher ROI than others.

Here are the three key elements to consider while refining the mission statement.

• Values and Goals: Define your business values and goals in simple terms

• Inspiration: State why professionals should join your team

• Relevant: The statement should resonate with your team and customers

Sweetgreen’s mission statement is a perfect example. Notice how they define their values in simple language. 

Source

The statement highlight that the firm wants to build a healthy community of people. It encourages professionals with the same beliefs to join their mission.

#2: Switch to Flexible Coworking Spaces

Lack of good infrastructure and amenities can lead to work-related burnout. This can impact employee productivity and increase attrition rates.  

A survey reveals that 52% of professionals complained of severe burnout in 2021. No wonder, the Great Resignation was at its peak last year. Moreover, employees desire flexible workspaces where they can work conveniently. 

Switching to coworking spaces can help entrepreneurs overcome these challenges. The shared spaces allow multiple firms to work together while offering the below-shared amenities.

• An array of seating arrangements, such as private cabins and dedicated desks

• Recreational zones like parks, meditation centers, and gymnasiums 

• Tools and devices like password-protected Wi-Fi devices, fast internet connections, printers, and scanners 

• Air-conditioned halls, cafeterias, and kitchens

Besides, coworking spaces have CCTVs and visitor management systems to ensure workplace safety. Random people cannot enter the premises without verification. This ensures complete workplace safety. Coworking statistics reveal that the industry will cross $13.03 billion by 2025.

What’s more? The employees can network with peers, mentors, and colleagues and learn new skills. This can help establish a productive work environment and boost business ROI. 

No wonder, top companies use coworking spaces to expand their business. 

#3: Empower Your Employees with Thoughtful Initiatives

The happier the employees, the better they perform. According to Gallup, a happy workforce can deliver 41% better work quality than others. 

The question is – how to boost employee happiness? 

The simple answer to this question lies in providing work-life balance. Merely opting for coworking space solutions cannot guarantee employee happiness. Employers must go a step ahead to ensure employees are genuinely happy and enjoy their work. 

Here are a few tips to consider.

• Provide Career-Related Training: Conduct career-related training programs to uplift your team’s skills. For instance, invite industry experts from neighboring coworking companies. Arrange sessions where they can freely discuss their concerns. This can help them work efficiently without stress.

• Fitness Initiatives: Reports suggest that physical fitness can help strengthen mental health. In fact, it can help reduce depression and stress. So, introduce corporate wellness programs to foster a happy and healthy work culture. 

Pro Tip: Most types of coworking spaces offer recreational zones. Utilize them to conduct exercise or meditation sessions. 

• Encourage Vacation Days: Going on vacations can help employees refresh their minds and encourage a happy mindset. 

#4: Create an Open-Door Communication Policy

Introducing an open-door communication policy can help develop great coworking relationships. This can help businesses strengthen their work culture and achieve crucial goals. 

Open-door communication enables teams to reach senior leaders and share concerns without hassles. This practice fosters a transparent workplace environment, thereby nurturing coworker relationships. 

Here are a few crucial tips to consider.

• Acknowledge the communication patterns of the teammates. This can help managers and authorities understand their key challenges.

• Be receptive to work-related discussions during face-to-face meetings. Create actionable strategies to address their concerns.

• Be available on emails and calls when you are unavailable at the coworking station. Count on tools like Zoom and Microsoft Teams to ensure seamless virtual communication.

#5: Build a Constructive Feedback System

The constructive feedback system is pivotal to an organization’s growth. 

It can help entrepreneurs and HR leaders understand their team’s strengths and weaknesses. Leveraging these insights can help them build solid business strategies and drive productivity. 

Take inspiration from Google and Netflix, which have a feedback-focused company culture. The companies track several aspects like employee behavior, work performance, and skills. The system aims at polishing their skills and helping them overcome challenges.

Follow the footsteps of industry leaders to build a productive modern working space. 

B. Key Business Goals

#1: Understand Market Trends

Analyzing the latest market trends can help your team understand customer expectations. Besides, it can help identify key improvement areas. 

With these vital insights, you can ensure smooth business workflows, attract valuable opportunities, and engage customers. 

Here are a few tips to consider.

• Keep track of competitors. Deploy tools like Semrush to evaluate competitor marketing strategies. 

• Proactively follow industry-related reports and articles to stay updated about industry trends. Host community events to network with industry experts and gain knowledge.

• Leverage social media channels like Reddit and LinkedIn to identify prospects’ intent and pain points.

Integrate these insights and create action-driven work strategies to achieve business goals. 

#2: Introduce Automation 

Invest in work automation tools to streamline the team’s work and efforts. 

For instance, an AI-driven content management system can help the marketing team update content with a few clicks. Similarly, a project management system can help managers track the team’s progress. 

Here are a few tips to make the most of automation tools.

• Speak to the HR leaders and team managers to identify the gaps. Invest in tools and software that can help reduce the team’s hassles. 

• Set SMART (Specific, Measurable, Achievable, Realistic, and Timely) goals for each teammate. 

• Consistently track team performance to understand the tool’s efficacy.

#3: Provide Customer Service Training

Reports reveal that a single unpleasant experience can make 91% of consumers switch to another brand. No wonder, companies like Amazon consider customer experience their top business priority. 

Customer service training can equip employees with tools and skills to address customer queries and win their trust. 

Here are a few key elements to make customer service training effective.

• Train your employees to use tools like sales intelligence, analytics, and others. This can help them extract and track customer insights.

• Offer product knowledge training sessions to explain the product’s functionality. This can enable your team to make informed decisions.

• Communication is a vital element in delivering a stellar customer experience. It allows businesspeople to interact with and share business values. 

So, book conference rooms to arrange training sessions on business communication. This can enable your team to deal with customers confidently. 

#4: Recruit and Retain the Best Talent

Recruiting and retaining top talent is challenging. 

Besides coworking perks, introduce benefits that employees value the most. This strategy can help boost retention rates in the long term. 

Here are a few vital employee perks to consider.

• Offer healthcare premiums to take care of your employee’s health. 

• Offer fair compensation to employees according to their merit. This can build a positive workplace culture and boost retention rates. 

• Acknowledge your team’s efforts by rewarding the top-performing employees. Reports state that 91% of HR leaders believe that employee reward does help in retaining top talent.

To Sum Up

Accomplishing modern working space goals can seem daunting. The shared tips and tools offer a roadmap to creating a pleasant work environment and enhancing business practices. So, follow the mentioned tips to build a productive company, thereby getting ahead of your competitors in 2023 and beyond.

What are the best locations for Coworking Space In India