Shared offices: New trending environment

Nowadays shared office places have become an ideal working environment for gaining a foothold in establishing new business or expansion of the existing one. There could be many other activities or office functionalities that can be done in shared offices like office meeting rooms could be arranged for professional meetings or training/conferences could be conducted. Shared office space in Delhi, Mumbai, Pune, Bangalore are slowly and steadily trending due to its usefulness and budget-friendly aspects. Adapting and working in an environment with other co-workers who are not anywhere related to your business brings a better positive environment. A structured working environment is pivotal for growing a business.

Benefits of working in shared offices:

·         Decreases laziness: When one is working away from home the lethargy goes away and the brain cells get more active than usual. The working pace is also increased and one tends to work harder by seeing a good working environment around. This results in more productivity.

·         Flexibility: There are a lot of flexibilities availed for shared office spaces such as no deposits, no upfront fees, flexibility and early availability of shared offices.

·         Duration of renting: Nowadays it has become very easy and quick to rent a shared premise for a duration of your own choice. Be it very short term/short term/ long term you can avail the space just as per your specified needs.

·         Networking: Shared offices allow to network with new enthusiastic people having different views, ideas, methodologies etc.

·         Motivation to work: Shared office spaces would have co-lease companions who also share the same space and are equally or more enthusiastic about their new venture from which one could adapt and learn many new things, motivate one another to perform better and also if their fields are anywhere related a collaboration could also take place.

·         Good technological availability: Good Wi-Fi, fax machines, printers etc. which would be required for the smooth functioning of any business which could be availed in shared offices.

  

Now in this fast-paced environment and with eager to succeed and progress well a shared work environment is worth to be considered as well as adapt. One could be inspired and motivated to work better in such an environment and therefore beat the loneliness of working alone.

Shared office space: A flexible option

In today’s modern world where you focus on achieving success in business “shared office space for rent” is the best option. It has also become very easy to find shared office space at attractive shared office space rental because people have become very acquainted with this idea and the availability of shared office spaces have been increasing day by day. Choosing the right type of shared office spaces may be a difficult task but the rewards would be worth it.

The pros of shared office spaces:

·         Networking: Other various talented and business-driven professionals would be surrounded so one is bound to create contacts. There would be many like-minded people and also some would be great influencers so having a good rapport would benefit both the parties.

·         Pocket-Friendly: A good office at a good place or location could be availed at a very good rate so benefiting a start-up or a new venture to develop a business and gain success.

·         Effective work environment: The environment in shared offices is full of like-minded people and new and young talents having expertise in their own field, therefore, it gives one that motivation to work harder and effective results would, in turn, be attained.

·         Reduces Barriers: An open environment wherein people of various fields would interact with one another. Friendly, united and a collaborative work environment is created.

·         Amenities: Various amenities like WiFi, Printers, Scanners, decent furniture etc. would be availed without any hassle. Most administrative things are taken good care of by the shared office space providers.

The cons of shared office spaces:

·         No Customization facility: The décor and inclusions of shared office space may not be as per the need and requirements of your organization but you have to adjust with the basic amenities and area availed.

·         More competitors: There is a possibility that you may be sharing the space with your direct or indirect competitor. This may be a bit of concern, however, won’t bother you for long as its temporary.  

·         Distraction: One could not have a quiet environment as one could not tell anyone to keep it low or to reduce their talks as you like to work in peace the reason being you work in a shared environment.

Although shared office spaces have its own pros and cons, it is the most beneficial environment for a start-up or a new venture where one’s business would progress at a faster pace.

Training room: Capitalising on today’s technology

Nowadays it has become very important to train new hires and existing employees by the best tools available to leave an impact on them. Corporate training room/s are professionally designed in a well efficient manner wherein professionals are hired to train the attendees so that a good interactive environment is created where the content can be shared and collaborated. The training room/s is/ are well equipped with the latest technology which is a vital asset for any modern business as it changes the learning coverage which would be helpful for professional development.

Digital training would be helpful:

Without time and geographical restrictions, people have realised the importance of training and its reach as it is a budget-friendly, streamlined and effective way of getting people ready for the organization. The participants could be well-versed with their field of job and also engage in a meaningful discourse.

Education: In this new age culture, with the advent of technology, training rooms could be treated as a teaching aid. It could be applied in higher learning institutes and high schools.

Industry: Training could be undertaken for many purposes such as orientation (for the new hires), manager training programs, seminars by influential industrialists, etc. that help in the growth of the organization.

Labourers: Many skilled workers need to be given training, time and again, due to the automation of machinery and new technological development. Despite the skilled workers being supervised; the training programmes from experts like engineers should be given on regular basis for adequate functioning of the organizations.

Benefits of hiring a training room:

Right facilities: If a training room is hired then it is specially designed with the appropriate facilities required to conduct a training like a projector, monitors, WiFi, enough seating arrangements, etc. The place and the environment leaves a very big impact on the end result of the training; the more efficient the environment, the more effective the results.

No Distractions: It is very imperative to have an environment which is distraction free to get the job done effectively. A training is a line of direction to get the job done in an effective manner.

Focus: The focus would be only on training, no backlogs, no deadlines, just training. A good amount of clarity for performing in a better manner could be attained by changing the environment and thinking on one topic deeply.

Thus, considering all the above and many other benefits, it is best advised to opt for training room hire to ensure the success of your organization.

Shared offices: An ideal upcoming thing in corporate spaces

A corporate space is a working area wherein the employees perform all the tasks to support and realize the goals of the respective organization. In law, a company or organization has an office in any place where it has an official presence. So here we could conclude that an official premise that is also known as corporate space would be anything from a small office for SMEs that opt to rent shared office space or home office to entire building offices dedicated to a single organization. Various options can be availed nowadays for short as well as long duration like training room rentals/meeting rooms apart from a fully furnished office for rent in Chennai, Mumbai, Delhi and other big cities. When it comes to startups, new ventures, SMEs; it is always advisable to invest more in business than in occupancy. As years have passed by people have discerned that and many options are being gratified for the benefit of such start-ups or SMEs like renting a shared office space for a short/very short or even for a longer duration. Shared office spaces are being hummed by the small organizations a lot these days because of its collaborative working environment.

Pros of shared offices:

·         Motivation: An environment where equal or more ambitious people work gives one a boost to perform well or achieve more in business. Group of good co-workers also provide one another a good support system as and when required.

·         Amenities: All the amenities required for a normal regular functioning of a business can be availed in a co-working space; be it Wifi, scanning machines, Xerox machines, decent seating arrangements, etc.

·         Less cost more flexibility: At a fraction of a cost than renting, one could avail a decent working environment as all the utilities such as Wifi, scanners, electricity, etc are shared among a number of professionals.

·         Networking: Networking becomes easier and quicker as one would be surrounded with similar minds and even sometimes similar business fields which could be related or interrelated. Other talented and business driven people can also connect and expand their businesses effectively.

Co-working or shared office spaces are breaking most of the barriers to set up an upcoming business or for small ventures to reduce their costs and invest in the core business rather than renting or buying a corporate space. As time is passing by, more and more people are considering shared office spaces and the hesitancy is fading away. It is important for small and new ventures to move forward with financial caution because shared offices help in decreasing the financial burden that is faced in such ventures to avoid troubleshooting issues and raising capital for more significant things.

Shared office spaces: An upgrade to work from home

One faces a constant struggle while keeping pace due to never-ending overheads in a start-up/SME/corporate offices, etc. Now, with growing market demands along with our economy, that is growing rapidly, various small businesses are opting for shared office space for rent. It is a viable option for businesses of all sizes wherein they could have it rented use them as meeting rooms, conference rooms, training rooms etc. To gain a crevice to expand one’s business operation, shared offices could provide an ideal working environment for small-scale businesses.

List of some benefits for shared office spaces:

·         Wallet-friendly: If one has to establish a new commercial space, be it temporary or permanent, it is very expensive. One has to also look after the new furnishings and all. The burden is lessened in a shared office space as one could easily avail for many facilities along with it like furnishings, good infrastructure etc.

·         Good location: A location which can be easily reached and has plenty of transport options available should be preferred. A good location would even make a good impression on the suppliers and investors.

·         Reduction in overheads: Co-working or shared office space is the best way to take off a young business. The duration of hiring such spaces could also be decided, be it for a few months or a few days, etc. This releases a lot of financial pressure.

·         Networking: Working alone or working from home creates boredom and loneliness. If we have people of different backgrounds around us, there is always something new to learn, to do and in this, in turn, it gives an opportunity to open-mindedness. Enabling oneself in a co-working environment where you have nowhere to escape but meet your co-workers of different kinds and having different businesses gives a lot of exposure and would make a lot of difference in one’s own new business.

Productivity could be created only if there is a change in the scenario or situation. A new relationship is established with co-workers which without even knowing is mutually beneficial. The outflow of cash could be controlled whether the business expands or fails. This gives the mind some peace and helps one to focus on actual business rather than spending his/her effort on focusing on office spaces.

Shared Office Spaces: An Ideal working place

In order to gain a foothold for establishing a new business or expansion of existing new business, shared office spaces provide one with an ideal working environment. The flexibility of short-term lease provides the ease in the process and functionality of any establishing business, start-ups etc. The decision making for co-working or to find shared office spaces should be made after considering the pros and cons of shared office space rental/s.

Cons to consider before you rent shared office space:

·         Different co-workers: One cannot gauge what kind of fellow co-workers would be there in the shared office space like their frame of mind or noise levels or their working environment/level of hygiene, etc.

·         More Competition:  As start-ups, one may face competition or somewhat similar business in the same co-working space. There could always be days where when you are speaking around and you don’t want to be heard.

·         Different work culture: It is difficult to have a work culture that you would specifically want to create for your own business to flourish i.e. is business specific. It is very difficult to have such an environment in a shared office space.

Pros of shared office spaces:

·         Meet new people every day: You meet different co-workers each day. Though it has its limitation, you also get to interact and know more about different types of people around you which may also help in conducting market research for your brand.

·         Low overhead: Establishing a new office—even a temporary one—can be a costly and time-consuming endeavour; while in a shared office space, everything is already set up for you. You just need to reach there and start working.

·         Flexibility: There are a lot of flexibilities availed for shared office spaces such as no deposits, no upfront fees, flexibility and early availability of shared offices.

·         Networking: Shared offices provide to network with new start-ups people who enthusiastic having different views, ideas, methodologies etc.

·         Short term lease: Co-working gives that budget friendly satisfaction and the lease structure could be availed for a short period at a subsidised rate and also at a low price.

·         Access to many facilities: Access to many facilities like conference rooms, fast internet, conference rooms, printer/scanner etc.

These are just many of the few things to be considered in this new age of business. As every coin has 2 sides, it's important to book office through reliable service provider where there is no ambiguity and freedom to compare and choose what best suits your needs.

Workspace is an implied professionalism on display

When one enters an office, reviews a workspace – it should reflect professionalism, good vibes, and uplifting aura that encourages productivity. A working environment is one of the most impactful factors that influence efficiency in the organization. A clutter-free, vibrant office environment that fosters teamwork, alertness, ease and comfort is essential to keep employees uplifted.  A monotonous space may result in saturation and decrease efficiency; but what’s the solution? After all, one cannot invest in having multiple offices. The solution is that one can hire conference room or meeting space for rent or even go for shared office space rental.

Following are some more reasons to support this arrangement:

Less responsibility: The responsibility of maintaining the office, infrastructure, bills, and security issues etc. is not yours when you hire a meeting room.   

Paying for Actual cost: One pays only for what they use when hiring a meeting room. The number of hours, the add-on, the amenities – all are charged per use.

Flexibility: The size of the offices would be based on the needs and wants of the hirer. One could scale down or up in accordance with the capacity required. While if one owns the property one would have to accommodate in the space owned.

Location: A good location forms a good reputation and also ascertains customers and clients to find you and also governs the commute of your employees.

Less financial burden: No capital cost or investment made to attain the property. Only the rental cost involved.

More working capital: It gives in more financial flexibility ana d greater amount of working capital for your business. It, therefore, gives more room for encouraging hard working employees and also making the necessary adjustments to your overall business model.

Go ahead and book a meeting space that suits your requirement and budget.

Training, a win-win situation

Training is communicating the purpose of conducting and getting an output to stimulate the very purpose of a meeting. One faces issues with adequate resources for curriculum development, conducting training facilities and also arranging the downtime associated with pulling employees/trainees for a good period of time in order to learn new skills. Good corporate training facilities guarantee employability. Nowadays to create a good training environment people rent a training room. It’s always better to rent training room than conduct training within the four walls of the office premises.

Benefits of Corporate Training facilities:

• Lower turnover: Organizations investing in training programs fear that employees may not stick around long enough to see the return on investment. But thinking inside out is the key and by research, it has been concluded that this reduces the turnover of employees. Training makes employees feel invested in and trusted. Hence they are encouraged to do better and be more productive.

• Quality: Proper corporate training and development would lead to positive results. It would help the organization generate good qualitative results. An interactive training session helps employees to clear their doubts and yield more results.

• Diversity: Different individuals having different views and perspectives come together exchanging their views and ideas for the same.

• Human relations: People could vibe with one another, clear their conflicts, doubts etc. it helps people to get along in their workplace. It fosters communication and idea exchange.

• Less supervision: If the employees are given proper training, the responsibility of supervision is reduced. Hence, the HOD’s and Managers can invest their time in achieving a bigger purpose for the organization.

The morale of the employee increases after proper and adequate training. They feel valued and it moulds their approach towards the organization which in turn benefits both the employee and the organization.

Why is Conference room hiring increasing day by day?

The trend of holding an off-site meeting is increasing day by day due to many reasons like not having enough space for expected attendees, trying to give a good impression on your existing and potential clients etc. A conference meeting is not conducted on a regular basis which is why people look for conference rooms for rent basis and the conference hall rentals are not that high for the conductors because they prefer it rather than owning it. There are numerous things that could enhance your conference experience such as a variety of new technologies, comfortable and spacious surrounding which would not only enhance your presenting style but it would also ensure that the attendees are captivated throughout the meeting.

What should one make sure while looking for a conference room?

Space: Is there enough space for all attendees?

Facilities: Are there enough facilities required for conducting a conference like internet, laptops,

                  Projectors, display screens etc.

Location: Is the location easy to locate and is in a decent area to conduct the conference?

Benefits of hiring a conference room:

Reduced expenditures: The capital expenditure to own, the maintenance costs, repair and renewal costs etc. could all be eliminated. Only the rent, electricity, internet charges etc. would be paid which is actually utilised by the organization.

Designated environment: If one hires a place to conduct a conference away from a normal course of business a more productive and creative environment could be created which in turn would provide better results.

Technologically equipped: All the latest technical facilities like computers/laptops, good internet, projectors, conference call facilities etc. could be easily hired and availed while hiring the conference room.

Choice of location: One could hire the conference room in a good location being accessible to all the attendees and setting a good environment hence leaving a good impact.

Layout:  There are various layout options available so one could set the conference room exactly the way one needs as per the type of meeting and the attendees.

Others: There are a variety of other facilities that one could avail like receptionist, catering services,

Other administrative services etc.

The style and the environment of one’s conference could lead an everlasting impact on the attendees. The environment should be such that it leaves a good positive image which would lead to a great impact and a very good outcome from their end.

Why is office leasing a more flexible option nowadays?

While being a small businessman or entrepreneur all of them dream big of owning a commercial space but the fact is that nowadays even big companies opt to lease their commercial space/s. It helps to reduce the ongoing expenditures or upfront costs wherein giving the business a greater flexibility for its expansion and diversification.

Advantages of renting commercial premises:

·         Reduced risk of property rates: If one owns a commercial property he/she would earn massively if the property rates rise but if it falls one would be a great loss keeping time value of money into consideration. Whereas if one would rent a property one could shift in accordance to one’s convenience as per the business conditions like if the business is growing one could shift into a bigger and better place and if not one could shift into a smaller space a reduce the costing.

·         Leasing spaces for a specific purpose: One could not only lease a commercial office space but also other sorts of rooms for specific purpose like office meeting room, training room, conference room etc. which would help the organization to hire such places as per their specific needs and requirements as per their own duration with reduced and non –recurring costs. One could lease out property even with all facilities in the most prime cities as well like for example fully furnished office for rent in Chennai or well-equipped commercial property in Mumbai etc.

·         Reduced inevitable costs: If the property is owned the owner is bound to pay the inevitable costs such as maintenance costs, fixtures and fittings, security etc. whereas the renters would only have to pay the rent and charges like electricity, telephone, internet etc. which is well utilised by them.

·         No or low Capital Expenditure costs: To combat ageing and obsolescence one requires a constant reinvestment of capital. If the property is leased as soon as the lease term expires one could move to a new place or extend the lease term as per the agreement of both the parties involved.

·         More Capital: Since renting doesn’t flow out too much of the business’s cash flows so that could be utilised more in dire matters such as human resource, raw materials, supplies etc.

Renting, in turn, gives the business more ambidexterity to adapt to the never lasting changes in businesses. Renting allows one not to be hung up in one spot and giving it the flexibility to move nearer to the market/suppliers/competitors etc. helping in faster growth and expansion of a business.

New trending demand of training space rentals

The inevitability of any business to succeed without provision of internal staff training and development has increasingly led to the success of an increase in demand for training rooms for hire. However, nowadays it is really non-viable to have a dedicated area assigned for training and development as due to high rise in the property rates and also not enough space present in major cities whereas the main priority area should be assigned for main business function. Whereas the basic pre-requisites like furniture, equipments etc. cost a lot which may or may not be used on a regular basis, in turn, causing the business to shell out its costs for unnecessary things which could be reduced if training rooms are hired. Having access to a variety of varying sized rooms in different localities and the companies’ ability pay for it as per the number of hours or days helps to keep the costing minimal as training room rental doesn’t cost as much as owing the space for it. It has been observed that the best way to attain a mutually exclusive goal is to “outsource”.

The impediments faced while having poor Training – Room facilities are:

Unsatisfactory conditions

A distractive environment like small spaces, too many people fit into one small space, not well-furnished training space causing the trainers and the trainees to lose out a lot in training and learning.

Unavailability of updated technology

Projectors, Video-conference systems, computers/laptops with good net connections etc. are basic requirements for a smooth functioning of any training process to take place if not provided well then the very purpose of training would go in vain.

Lack of trust and confidence

The bad training environment would create a very bad impression on the participants. This would, in turn, lead to a reduction in trust and confidence in the attendees and which is very likely to affect their performance in the field they have been provided with the training in.

Benefits of having a good Training –Room hire facilities are:

Specifically designed for training

All the furnishings, lightings, equipments etc. are very much designed for the very purpose of training adhering to the professional standards as required.

Technology, amenities and other services

A good training environment if hired would offer the state of the art infrastructure, updated technologies as per the need and requirements, other services may include administrative help, secondary services etc.

Cost benefits

The most primary purpose of hiring a training room is to reduce the fixed cost to be incurred to purchase a space to conduct the same. If a training space is hired it could be hired either on hourly/daily/monthly /yearly etc. as per the need and requirements. The renting purpose serves the purpose and gives it the level of satisfaction for hiring.

A professional approach is very much required to leave a good impact on the attendees of the training process; hence a good training space is required for leading to satiating approach having a positive impact overall. The training provided in a professional manner would lead to a better quality and higher number of well-trained attendees/trainees who were well engaged in the process and attained good clarity while attending the training.

How are shared office spaces becoming a feasible option for new upcoming businesses/ expansion of existing ones?

The new trend has it, be it independent entrepreneurs like freelancers, professionals, artists or for that matter like start-ups or well-established businesses looking for expansion of their own business. The independent entrepreneurs find shared office space a more convenient and pocket-friendly option wherein they could avoid all the distractions which they face while working from home. A shared office is also very beneficial for start-ups and organizations that are looking for an economical option and also if one would want to reduce the operational costs and attain the break even at the earliest. Adapting and working in an environment with other co-workers who are not related to your business fosters a unique environment. One may feel motivated, and also be able to adapt to the talent of others which could be helpful in prospering one’s own business. A structured working environment is pivotal for growing a business and thus these meeting rooms could be utilised to work on projects with your team, and conduct meetings with your clients.

Things to be considered before opting for a shared office space:

·         Affordability: Pocket-friendly space should be considered.

·         Accessibility to services: Mostly one considers access to technological services like fast internet, telephone lines, proper network coverage so that calls could be received/made etc.

·         Space: The office space should be as per the needs and requirements of one’s business.

·         Location: The area where the office is located should be as such which is easily located by the clients/customers.

Benefits of working in shared offices:

·         Reduces the lethargy: If one works from home one is working at one’s own pace with a lot of distractions but if a proper workspace is bought one could be more productive. Our brain cells are more active and more ideas come into the picture.

·         Better access to technology: Fast internet access, telephone lines, fax machines, printers etc. are all very much required for a smooth functioning of any business which could be availed in shared offices.

·         Motivation and network building: A shared office space is generally shared with other freelancers or small businesses who are also equally or more enthusiastic about their new venture from which one could adapt and learn many new things, motivate one another to perform better and also if their fields are anywhere related a collaboration could also take place.

Now in this fast-paced environment and with eager to succeed approach, working from shared spaces is surely worth a try. Instead of working from home or favourite local café, working from shared space yields better results.

Why are training room rentals so much in trend nowadays?

Small businesses and entrepreneurs nowadays have adopted new and smart ways like renting offices, co-working spaces, training room rentals etc. Now it’s important for any business to succeed to have employees who are trained, professional, and fully skilled. As important it is to impart training to employees, it is also important that the training sessions are conducted in a right environment. However, it is possible that not all office establishments may have an adequate training room and facilities. But with much ease these days, organization/entrepreneur can go for training space for rent.

Advantages of renting a training space:

Ø  Right training environment:

Employees are able to learn and focus directly on their training instead of various other distractions throughout the day.

Ø  Affordable:

To rent a training room, you need not enter into a contract or long lease agreements. A training room could be hired for daily or even hourly basis according to your specific needs and requirements. This could cut down on many costs and in turn benefit the firm.

Ø  Right technology:

Many companies do not provide facilities having updated technology which is very essential for any employee to be trained on it. Whereas, if one hires training room which has all the required amenities, the conduction of training becomes smooth and fruitful.

Ø  Other services and amenities:

Secondary services and amenities include receptionist services, administrative help, and access to other areas, such as kitchens or lounges etc.

Training is a way to motivate your employees/ associates. Hence, providing them with the good environment will be a way to meet part of their expectations. Creating an environment conducive to learning is a significant aspect of starting a training session off on the right foot. The training room or the venue plays a crucial role in the progress and growth of any organisation. Therefore rent a training room and avail all that you need to achieve success.

Why is it necessary to have a right training environment?

Training is the very important for progression no matter what stage the business may be; if you have employees then the importance of staff training cannot be undermined. A well-conducted training assures that the employees who have imparted the training have the skills and knowledge to perform exceptionally. As important as it is to conduct a well-planned session is, it is also important to have this session conducted in a right environment; though there is a possibility that many companies do not have their own, fully functional training space and are forced to do their training using inadequate environments; there is now a solution to this problem – to opt for training rooms for hire. The training room for hire provides a well-equipped environment vs. inadequate training space in the office and thus fosters a fresh perspective on the whole session.

Now imagine the consequence of not opting for a training space and deciding to conduct an uncomfortable session. Here are some of the consequences:

Poor environment

Inadequate seating arrangements, distractive noises, other employees being surrounded who have nothing to do with the training, many onlookers etc. cause the employees to lose rather than gain on much of the learning.

Bad impact

An unprofessional training could cause more harm than good. It will not only ruin the experience of the participants but also will leave them with a negative perspective for future sessions.

Hence, are few benefits of having good training room facilities which would help any organization:-

Space:

Cramped spaces or too much noise travelling from in and around the areas where the training is being conducted is a complete “NO-NO.” Comfort plays an important role in determining the productivity of the session as the attendees will tend to be more attentive.

Affordable:

Training rooms for hire are nowadays available on an hourly and daily basis. Thus, you need not make a huge capital investment in establishing your own infrastructure. The IT training room is available in premium localities within the city making them ideal option to be rented for a fruitful session.

Secondary Services and Amenities

The training rooms for rent will offer secondary services and amenities as per the specific needs and requirements of the training which is to be conducted like a projector, Wi-Fi accessibility, stationary, printing facilities etc.

The space in which you conduct your training can play a very important role as to whether the participants of the training program sustain information, stay engrossed and feel galvanised to continue their learning or training experience. A training room should be a purposefully selected space where the architecture offers no room for obstruction to conduct a training program.

Importance of Training in Workplace

Training presents a prime opportunity to expand the knowledge base of all employees, but employers these days find imparting these opportunities expensive.  It may be owing to the space constraint, investing in right training resource, or want of immediate result, organizations are not very keen on conducting the training sessions.  However, training plays a crucial role in the development of an individual employee and thereby organization as a whole and thus, is a worthwhile investment.

Following are some of the benefits:

1.       Improved performance – the employee who receives the required training is able to perform his/her job better as the training will give them a better understanding of their responsibilities and thereby builds their confidence.

2.       Employee Satisfaction & Morale – When an organization invests in training it boosts the morale of an employee as it reflects that the organization is valuing their contribution and presence. This fosters a supportive environment in the workplace and enables employees to access the knowledge which they wouldn’t have access to.

3.       Addressing Weakness – Employees get an opportunity to overcome their weaknesses through the training sessions. A development program brings all employees to a higher level so that they all have required skills and knowledge to perform their functions and do not have to rely on others.  This eliminates weak links in the company and teams are equipped to work independently for the betterment of their department and organization as a whole.

4.       Enhances Company’s Reputation – Having a strong and successful training strategy helps you develop your profile as an employer. Thus, your organization becomes a prime consideration for graduates and people who intend to switch their jobs.

5.       Reduced Employee Turnover – When an organization invests in the staff and their betterment, it makes them feel valued.  If the staff feels valued and invested in they are less likely to change employers. Training and development are seen as an added advantage. This improves the employee retention and cuts down the recruitment costs.

Therefore it is important for an organization to provide a breeding ground for fresh talent and enable the employees to improve their skills. If the infrastructure/ space or cost is the concern, you can now easily rent a training room. These training rooms for hire are available in various prime locations within the cities and provide the entire basic infrastructure. Since you pay only for what you use, the training room rental doesn’t dig a hole in your pocket.  Also, the change of place invokes freshness in perspective which thereby makes employees more receptive to what’s being told. This ensures better yield from the session.

Conferences – An Opportunity

Conferences can be a great opportunity to exchange views, discuss, and debate on a particular topic of interest or an issue that needs to be addressed. Conferences allow you to ditch the solitary working conditions and involve a larger group of people to verbalize and discuss your ideas face to face. Based on the objective, conferences can be of different types like:

1.       Conference – This is the most general term to indicate a meeting for discussion can is commonly used by associations and organizations for their regular meetings. It usually follows the most traditional type of presentation, that is, slides or papers followed by questions and discussions.

2.       Seminar – This is where a group of people is addressed by the speaker. This involves debating and discussing the relevant issues.

3.       Colloquium - This indicates both a traditional conference and a conversational seminar.

4.       Workshop - In manufacturing vocabulary, the term workshop indicates a brief intensive educational program for a small group of people to show them techniques and enhance their skills in a particular field. This is a platform for specialists to come together for particular activities or discussion.

Now that you know the different types of conferences, you can decide based on your intent that what session you want to go for. But, there are many other things you as a “planner” will have to organize to ensure that the session is successful. Following are some of the checkpoints for reference:

Date, Time, and Venue: The attendance of the conference you conduct shall be primarily influenced by these 3 things. Selecting the appropriate venue is very crucial. You can either conduct a conference in your office premise or consider conference rooms for hire. Conference rooms can be rented on an hourly or daily basis with all basic amenities required for smooth conduct. They are also available in prime locations of the cities making them logistically viable. Once you select the venue of your choice, you can just book it online. Date and time should be in accordance with everyone’s availability and convenience. This shall ensure maximum attendance and mark your first step in organizing conference successful.

Speakers: Based on the topic/intent of conference identify the relevant and prominent speakers. Ask them for their brief portfolio and the content that shall be covered during the conference. Share this with the attendees to make them aware what they can look forward to.

Technical Support: Make sure your IT Guy is available at the venue or on call during the conference. Especially when technology is involved in serving the core purpose of the conference.

Hospitality: Ensure you have basic aspects covered when it comes to serving refreshments, lunch, snacks etc. If possible you can have a reception at the end of a conference provides an opportunity for more relaxed socializing. This gives the attendees a chance to engage in a casual discussion.

These basics will help you to do the groundwork right. Wish you a great session!

Why are business houses opting for renting commercial premises?

Investing in commercialised property becomes a monetary obligation. And in today’s scenario finance is key for all the business enterprises be it be small, medium or large. Hence it has been observed that many business houses opt for taking such available commercial properties on hire. Various options like hiring a co-working space, or hiring a meeting room or conference rooms for rent or rent a conference room for a day. Rather than investing in such fixed assets business owners opt for using the liquid cash for business development and expansion of the business to new levels. There are various benefits of renting commercial properties. 
Let’s check a few basic advantages businesses can achieve by choosing such properties available on hire.

§  Various options as per requirement of the Business

Hiring a commercial property gives various options rather than investing in one property with a huge amount and getting fixed in one particular place. Hiring process saves time as well. Most importantly hiring process is simple and can be done on the phone or internet.

§  Relocation becomes flexible

As and how the business prospers, it might become necessary to relocate near your clients or rivals. This becomes easier when you are having an office space on hire which is not the case if you are owning that property. Hiring gives an option to check new places available within your city with various facilities. For instance, if you have hired a conference room for rent for a day at one place you may opt for some other location for any other day just to compare the differences in two places.

§  Reduced Responsibilities

If, for instance, a meeting room or a conference room is hired for a day many providers take it as their responsibility to provide all the necessities and facilities available for the client for a better experience. Sometimes they redesign the interiors as per the client requirements.

§  Tax benefits

Every time you hire a room for meetings or conference or training purpose, it becomes a business expense. This could be deducted from your taxable income since we are aware that rental income is taxable for organisations giving property on hire

Investing in fixed assets such as commercial properties has hence become an outdated trend. It adds to initial budget and adds a baggage on your responsibility. Not just finance gets affected but maintaining such property also becomes a hindrance. SO for dedication towards the business, hiring or taking a property on rent within the city becomes one of the best options. For such available properties in various cities of India, visit https://www.meetingsandoffices.com/