Many businesses believe that their ONLY option is to relocate if their existing space doesn’t meet their current needs, or isn’t setup to support their future plans. However, while changing addresses can be a viable solution, for many businesses an even better – and certainly more affordable – choice is to reconfigure the office space.
If you’re considering a chance of scenery for your business, here are 3 reasons why opting to reconfigure your office space – rather than moving -- may be the right decision:
1. Improve Space Utilization
Most business layouts aren’t strategically based on workflows and traffic patterns. Rather, the layout tends to “default” to what has been done in the past – and possibly since the building or office was new. For example, if employees have always worked in a certain part of the office, then that’s probably where they’re working today. If customers or other visitors waited in one part of the office, again, that’s probably where they’re waiting today.
However, business layouts – regardless of how they’ve been around – aren’t permanent. They can and, in many cases should, be reconfigured to align with workflow needs, traffic patterns, resource sharing requirements, and so on. The same goes for elements like customer waiting areas, which when reconfigured, can be much more impressive, and yet often-times take up less overall space.
2. Increase Retention
The war for talent is unending, and you probably know all-too-well that the costs of turnover are significant – and in some cases, severe. Indeed, as reported by Inc. Magazine, the true costs of turnover include: lowered productivity, overworked remaining staff, lost knowledge, additional training costs, and the list goes on. However, a reconfigured office can be an excellent way to impress new candidates, as well as keep your top talent on the roster. As advised by Bloomberg’s Bureau of National Affairs, “Employee retention strategies often focus on the corporate culture of a company, but the physical space an employer provides also plays a role in determining whether employees stay or go.”
3. Boost Brand
Opting to reconfigure your office space can also be a high-impact, low-cost way to boost your brand and image. Even if you don’t regularly connect with customers at your location (i.e. if most interaction is via phone, email, text, video conference, etc.), you can still leverage this improvement by putting photos on your website, social media platforms, and more. It’s a great way to tell your entire marketplace – as well as your employees – that the best days for your business are ahead, not behind!
Learn More
To learn more about how to reconfigure your office space so that you improve space utilization, increase retention, and boost your brand, contact the Precision team today. We’ll help you explore options and possibilities – and help you get the MOST out of your existing space!
If you do decide that moving offices is the better option for you, you can learn about how to move your office in five easy steps by downloading our FREE eBook:
