Why are coworking spaces popular? Read on to learn how coworking spaces benefit small businesses, startups, freelancers, contractors, and even remote employees. Before the pandemic, the coworking industry was already experiencing astronomical growth and became the primary growth driver within the office market. The pandemic has only fueled this growth, and flexible workspace is slated to make up an astounding 30% of the office market by 2030. This continued progression has proved coworking is not
Remote work is here to stay— and for millions of Americans, that means finding new ways to remain productive outside of the office. Since the pandemic, there has been a drastic change in how we work. Typically, a small population of the workforce, primarily freelancers, contractors, and self-employed individuals, utilized remote work. However, when stay-at-home orders were put in place and companies temporarily closed their offices, remote work became the new normal. While this was
Coworking spaces can provide small businesses with a flexible solution for their space needs. When coworking spaces began to take off several years ago, they were predominantly marketed to individuals, such as freelancers, contractors, and remote workers, vs. businesses; however, as our workforce shifts, a new user of coworking spaces has emerged: small businesses. As the number of small businesses continues to grow (according to the Small Business Administration, small businesses account for 99.9% of
PEO ( Professional employer organizations ) help small businesses thrive by taking on human resources and personnel administration burdens. One of the many assets available to small businesses is professional employer organizations, also commonly referred to as PEOs. According to the National Association of Professional Employer Organizations (NAPEO), a PEO “provides comprehensive HR solutions for small and mid-size businesses. Payroll, benefits, HR, tax administration, and regulatory compliance assistance are some of the many services PEOs
Employee retention is critical to the success of small businesses. Thanks to the Great Resignation, employees are voluntarily quitting their jobs at a record-breaking pace. According to a recent survey from SCORE, hiring the right talent and employee retention are two of the top three employment challenges small business owners currently face. Additionally, nearly two-thirds of small business owners reported they had recent, unfilled job openings. Not only is retaining employees a constant struggle for