Top 5 workplace learnings to bring into 2022
Making up for lost social time can be exhausting. While some people might have booked back-to-back meetings and holiday get-togethers before the year ends, it can lead to burnout and fatigue, which is definitely not how you want to start the new year. Taking a moment to quiet your mind and reflect on how 2021 has gone for you will give you the chance to rest and gain insight on how to grow and improve as you move forward.
Reflection isn’t just about reminiscing on your memories, it’s also about carefully sorting through the important observations, experiences and learnings you’ve had so that you can create insights that will set your future mindset and guide your actions.
From there you can assess what’s working (keep these) and what’s not so you can tweak, modify or resolve conflicts to get the results you want and reach your goals for 2022.
Being a member of a coworking space is definitely worthy of reflection, given that it’s been pivotal to every member’s individual growth as well as to the collective development of the business community.
Reports show that global coworking spaces are poised to grow even further during 2021-2025. The market is driven by the benefits of utilising coworking spaces, employees’ increased demand for more flexible working arrangements and business owners and employers discovering the low cost, high-return benefits that coworking spaces can offer.
Given that coworking spaces have improved people’s professional growth and business journey through the disruption of 2020 and 2021, you can find ways to maximise the advantages of coworking spaces for the growth of you and your team in 2022.
5 things you learn as a coworking space member
Every person will have different experiences in coworking spaces, but understanding the most important learnings that members have gained will give you a better idea of what a coworking space can do for you.
Here are five key learnings that members of Waterman Business Centre have discovered through using coworking spaces.
1. Recognising the difference between efficiency and productivity (and how to boost both)
Efficiency is focused on producing the desired outcome with less input, reducing the strain on resources such as time, effort and manual labour. Productivity is focused on increasing output with the same level of input, boosting your reach and revenue.
Both equally contribute to the overall success of your organisation. Efficiency allows you to improve the quality of work and reduce wasted resources, while productivity enables you to increase the quantity of work and boost business growth.
Utilising a coworking space will give you a clear and transparent overview of how your team works and what they need to get their work completed effectively. This insight can help you differentiate between efficiency and productivity and understand how it applies within your organisation. Unlike a traditional office, where you’re assigned a set work structure that doesn’t necessarily take your preferences and schedule into account, a coworking space allows you to set your workflow, enabling you to clearly identify which processes need to be more efficient and which ones need to be more productive.
There are many factors that can impact your productivity and efficiency such as your workstation and work environment. A toxic work environment can slow down your workflow, while a loud workstation full of distractions can lead you to procrastinate.
A coworking space can help you overcome the hurdles that can affect your productivity and efficiency by providing you:
- A dedicated workstation – A good coworking space facility will have dedicated desks that minimise distractions and loud noises so that members can focus on intensive work.
- An energetic and creative work environment – Coworking spaces will have a collaborative atmosphere, inspiring members to be more motivated to work and overcome the urge to procrastinate. Coworking spaces also have an open environment that encourages people to communicate more effectively, resulting in an efficient and productive workflow.
- Flexibility and autonomy over your work schedule – Coworking spaces allow you to have more control over your work schedule so that you’re using your time efficiently.
Collaborating with coworking members and exchanging ideas will also give you insight into how different business models work and how you can apply new strategies in improving efficiency and productivity into your own business.
2. Maintaining company culture across multiple locations or in a hybrid arrangement
The shift from the office to hybrid working arrangements has brought on a lot of positive changes. The hybrid work arrangement has given more people the opportunity to “work from anywhere” so that they’re not chained to a desk or remote workspace at home. This has allowed coworking members to enjoy flexibility with their work schedule and achieve work-life balance while feeling a sense of community inclusiveness.
It’s clear that the hybrid work arrangement is here to stay, which is why companies are actively seeking ways to maintain the workplace culture in this new work environment.
Coworking spaces can address the need for collaborative and culture-rich workspaces through community managers. At Waterman Business Centre, a community manager oversees and facilitates the workspaces to make sure they are connected, buzzing and operating efficiently. As well as fostering an environment of engaged and motivated workers, the community manager also works to ensure that professional business standards are upheld. They can support you in boosting a positive workplace culture with your team while encouraging team members to collaborate with other organisations in the building. It creates a sense of “shared purpose” as they share their goals and achieve them together.
3. Revitalising the importance of community-building
Community has always been an important workplace factor, however, we may have taken it for granted, at least until recently. The ensuing isolation and anxiety we all felt during the COVID-19 pandemic lockdowns, has shown business owners and employees alike just how vital to our wellbeing and work motivation community and togetherness is. It has shown the gaps in the benefits of working from home, if we are isolated and disconnected then our work motivation and productivity stall.
Socialising is an essential part of who we are as humans and it’s something we can only do in communities. Building a community allows us to foster connections and gain a much-needed support system while increasing our business networks and connections.
Coworking spaces have been a nurturing haven for people in isolation, offering a tight-knit and well-established community together with strong work values and work ethic to make the space productive. Communities come together in a coworking space because it has a unique work environment where people are encouraged to help each other out, boosting members up when they’re feeling down. The warm and open atmosphere invites regular interactions, giving you a sense of belonging in the community while you build friendships, discover new business opportunities and learn from the experiences of other experts.
4. Understanding how collaborating has changed and why it’s important to leverage the changes
Collaboration is the process of working with others to create something new, and it is influenced by the advancement of technology, the current work landscape and the way we interact with each other. Because these influences are constantly changing and evolving, collaboration is constantly changing too. The way people collaborated 20 years ago is vastly different from the way people collaborate today.
Some of the ways that the process of collaboration has recently changed include:
- Asynchronous feedback – Previously, people held structured meetings to collaborate, present their work, take notes and leave with a set of action items. The rise of digital tools has made real-time collaboration possible, allowing people to write and edit documents together or track projects through a chat room. This reduced the effort of coordinating big groups together, enabling key stakeholders to collaborate and align their objectives as they review the project, whether in a physical, virtual or hybrid meeting.
- Accessibility of data – Finding relevant data was more difficult in the past. You were required to comb through several and juggle multiple bulky business reports to prove a point or highlight an area of need. The technology and resources we have now make it more efficient to access the right data at the right time, with more resources available from all parts of the globe.
- Collaborative culture as a business strategy – Collaboration used to be an HR-centred initiative, but it has become high-priority in all aspects of business development as it’s shown to increase overall productivity, improve morale and bring insights and new discoveries to light faster.
Coworking spaces serve as a space for people to exchange or develop new ideas and work together, regardless of whether they belong in the same company or even industry.
Using coworking spaces can help you leverage new technologies and stronger collaborative techniques to become more productive. On top of seeing improvements through the workplace structure you develop for yourself, you also have the opportunity to observe other members and organisations and adopt their effective collaborative strategies and systems.
5. Getting “unstuck” and continuing to move forward
Maybe you’ve felt stuck or lost with work motivation, innovation or productivity. This can be normal.
Feeling stuck is frustrating but also helpful because it invites us to reflect on our position and see if we need to make some changes, get out of our rut and see some growth. Feeling stuck is a pretty good indication that you’re ready for the next level from where you are. Even if you have reached a great level of success, it’s just not satisfying anymore.
When you surround yourself with people who are growing and developing their business ideas and seeing incredible success, you have a great opportunity to rise up and hit new heights for your business and personal growth as well.
Feeling stuck can seem challenging to overcome if you’re not used to feeling that way, but this is the time to learn from those experiences so that you can move forward to the next adventure.
These are ways you can get “unstuck” when you find yourself in a rut:
- Focus on your mental health – Practice mindfulness and be sensitive to what you’re feeling and thinking, and make sure that you have a supportive community that you can depend on when you feel down.
- Prioritise your relationships – Isolating yourself can worsen the feeling of being stuck. Your closest friends and business partners will know how to cheer you up and encourage you to get your head back in the game.
- Pursue creative hobbies and interests – Having a creative outlet can improve your personal development, so that you feel inspired and refreshed when you get back to work. Being exposed to people in different fields and industries can help you find new interests.
Being a member in a coworking space ensures that you have the support you need to get “unstuck” and take the next step in your career or business journey. At Waterman, it’s typical for members to form long-lasting friendships that help them overcome tough times while discovering new insights in improving their business.
Reflecting on the ways a coworking space can benefit you and your organisation can help you set your course for next year. We’ve listed the five most common and important learnings our members have discovered by being a part of Waterman Business Centre, but there is so much more in store for you that’s best experienced (instead of just being read about in a blog).
If you’re ready to be a member of a coworking space that can help you grow more in 2022, book a tour of the Waterman Business Centre.