Over the last ten years, Noida has become a booming business hub in India due to its inclusion in the National Capital Region.
This city has appealed to several large companies, including Microsoft, Samsung, HCL, and Barclays, as well as famous unicorns such as the Indian digital payments giant Paytm.
Prior to the pandemic, MNCs in Noida had already begun adding coworking spaces to their commercial real estate portfolios. But now, with the pandemic’s acceleration of this trend, these companies are further benefiting from co-working space’s ability to offer premium and flexible office space in Noida, facilitating cost savings, talent attraction, improved employee experience, and remote working.
Let us explore the five most prominent advantages of coworking for companies and how renting a shared office in Noida can enrich employees’ experiences and improve large organizations’ and MNCs’ efficiency.
You may like to read: Best 10 Logo Design Software for Beginners & Professionals
Table of Contents
- Readably available office spaces
- Better employee experience
- Combining remote and in-person tasks for teams
- Decreases operational costs and decreases the amount of effort for maintenance
- Recruiting and retaining skilled workers
- Final Thoughts
1. Readably available office spaces
According to recent news reports, Noida is becoming the leading commercial real estate destination in the NCR due to its high office consumption rate. The JLL Office Market Update
In the tight competition of Noida’s commercial real estate, coworking is the perfect solution for MNCs. Ready-to-use offices with all amenities in popular locations such as Sector 4, 16, 18, and 29 are provided by renowned coworking providers to meet the needs of MNCs.
Check out this article for 11 small business ideas that require a 50,000 investment or less.
2. Better employee experience
For big corporations, well-furnished offices and a productive environment are key to improving the employee experience and job satisfaction. Moreover, according to the Microsoft Work Trend Index findings specific to India, over 74% of Indian employees prioritize having a flexible workplace.
Relocating to a shared office for rent in Noida can provide large companies with the opportunity for their employees to work flexibly, whether that’s at home or otherwise.
Additionally, by selecting coworking spaces near the workplace, employers can minimize employees’ commuting time, resulting in an improved work-life balance and overall better staff experience.
Check out this list of 11 small business ideas to invest in under 50 lakhs.
3. Hybrid working and distributed teams
Remote working has been a growing trend since before the pandemic and has since become the global standard. Many big businesses are attempting to bolster their remote work systems by forming efficient teams from all over their own country and from beyond its borders.
Working purely from home is inadequate in achieving this, so a hybrid work model mixing flexible and on-demand office spaces is the way forward. A shared office or coworking space in Noida can create an effective and long-term solution to hybrid work.
By choosing coworking, large companies can open multiple offices in the city, NCR, and even nationwide. Employees can then work from an office close to their homes, while MNCs have the ability to recruit both local and non-local candidates.
4. Reduces operational costs and maintenance efforts
Large businesses need to be extremely particular when it comes to having an office. Apart from having working stations with all the necessary furnishings, a corporate office must also
As reported by Knight Frank, big organizations spend as much as 9% to 12% of their overall financial resources on real estate. Coworking spaces present MNCs with fitted offices
Investing 1 Lakh of Rupees: Check out These Small Business Ideas
5. Attracting talents and reducing attrition
Not only do job seekers living all across India consider Noida one of the biggest job markets in India, but millennials have their own criteria for employment – from flexible workplaces to dynamic environments and supportive communities. In addition, they look for a fat salary as well as learning and networking opportunities.
Corporate companies renting coworking or shared office spaces in Noida can provide job seekers with multiple facilities and features targeted at millennial candidates.
This can help large organizations to recruit people from different parts of the country. By providing flexible office spaces, multinational companies can also reduce employee attrition by making sure their employees are satisfied.
The advantages for corporate entities of collaborating in coworking spaces are numerous. Coworking encourages companies to develop a functional culture that hinges on cooperation and relationship-building, with increased networking opportunities to boot.
With its plethora of freelancers, startups, and small businesses, a Noida-based coworking office allows MNCs to easily search for talent and make strategic agreements. For this reason, coworking has become an integral part of corporate real estate planning strategies.
If you’re an established business needing a coworking space for rent in Noida, The Office Pass (TOP) provides office solutions situated in the city’s top commercial hubs. Furthermore, for MNCs after dedicated private offices, we also provide managed office solutions to corporate customers.
You may like to read: Working Capital Acquisition Strategies For Startup Business Entrepreneurs
