INNOVATIVE HRD PRACTICES (workspaces)-A CONCEPTUAL STUDY

The proliferation of startups and the rise of the gig economy initially fueled interest in shared
office spaces. In particular, these two elements helped push the coworking sector forward. The
next spike in demand for coworking spaces is being driven by the departure of large businesses
from traditional office layouts, particularly in the service industries and among certain
multinational firms. As a consequence, there has been a rise in the demand for coworking spaces.
It's a common misperception that if a group of professionals rents an office, they may all work
together in the space. There are several ways in which coworking spaces are superior than a
traditional workplace. A work area serves the same function as any other communal space.
Consider the option of relocating to a shared apartment. The renters are accountable for the
upkeep and cleanliness of the common facilities, such as the kitchen, bathrooms, and living
rooms. The spaces were designed without the usual corporate restrictions on what constitutes a
"office" and are supposed to foster a creative and cooperative atmosphere among the energetic
individuals who work there. All corporate restrictions on what may and cannot be called a
"office" have been disregarded in the design of the habitats. The essay presents a conceptual
discussion of the development and significance of co-working environments. How shared offices
have progressed over time is the topic at hand. To ensure that everyone interested in this topic
can get the necessary background information, we have compiled a comprehensive literature
review.