Coworking as an Outplacement Alternative

Organizations faced with the difficult decision to lay off employees turn to third party outplacement companies, usually at a high cost. Packages cost organizations anywhere from $500-$10,000 per employee and often with a low-return for job seekers.

Traditional outplacement services include career counseling, professional development, and resume printing. With the ubiquitousness of free job resources and affordable hardware, is this a price worth paying?

Enter coworking companies. 

For as little as $200 per month per employee, displaced workers can now have:

• A place to imagine a new work environment – It can be difficult to transition out of a company. Coworking companies offer a refreshing change from the traditional office setting and the isolation of working from home. For displaced workers, stepping into a well-established space means entering a built-in, vibrant and dynamic community of professionals from diverse companies and backgrounds. This stimulating environment fuels creativity, motivation, and opens doors for new connections and opportunities.

• Built-in networking opportunities – Finding a new job can be a daunting task, especially for individuals who have experienced displacement. Coworking companies are an ideal platform for networking and building valuable connections. Displaced workers gain access to a bustling community of professionals, enabling them to engage in meaningful conversations, exchange ideas, and eventually find new employment opportunities.

• Flexible workspaces for job seeking – Coworking offers a range of flexible workspace options tailored to the needs of job seekers. Whether they require a dedicated desk to focus on their job search or a private office for confidential interviews, companies like Coco provide versatile solutions that cater to individual preferences. This flexibility allows job seekers to adapt their workspace to suit their specific needs and optimize their productivity during the job search process.

• Professional development and learning opportunities – Beyond providing workspace, Coco is committed to supporting the growth and development of its members. Through workshops, seminars, and networking events, coworking companies create an ecosystem that nurtures continuous learning and professional advancement. Displaced workers can take advantage of these resources to enhance their skills, expand their knowledge, and stay relevant in their respective fields. 

• A sense of community and support – Displacement can be a challenging and isolating experience. Coworking environments foster a sense of community, where individuals can find support and encouragement during their job search journey. The collaborative nature of Coco’s spaces cultivates an environment of mutual assistance, where members can share experiences, offer guidance, and provide emotional support to one another.

Coworking environments can make a huge difference helping displaced workers navigate through challenging times, while also saving money on outplacement services.

Coco, with its innovative workplace solutions, offers a transformative alternative that goes beyond providing physical office spaces. By embracing coworking, HR leaders can provide displaced workers with a vibrant community, networking opportunities, flexible workspaces, and resources for professional growth not found in traditional outplacement services.