Often times, when a company is considering a redesign or update of their office space, they choose to delay it because they are worried about the upfront cost and the impact that it will have on productivity while work is taking place. However, when you redo your workspace, there comes with it a significant return on investment. The investment will actually save your business money. Here are five ways that an office makeover will save you money!
1 – Increase productivity
When you decided to do an office makeover, it is the perfect time to reevaluate how your floor plan and office layout is impacting productivity in your workspace. While the open floor plan has its benefits, it is important that it is done in the right way in order to increase efficiency and productivity. Studies have shown that an effective way to optimize employee output is to include a combination of work areas in your space. According to a recent survey conducted by Gensler, creating a work environment that provides employees with the options of collaborative areas and dedicated space to focus results in a high-performance workplace where employee productivity increases by an average of 12 percent.
- Improve Recruitment/Retention
Many companies overlook the impact that their physical space has on recruitment and retention. When top talent walks through your doors, they are noticing the physical space of their potential employer. Potential employees want flexibility, easy access to technology and comfort in their workspace. Also consider the cost impact of employee turnover. To replace an entry-level employee, it costs between 30-50 percent of their annual salary, so creating a workspace that is engaging, comfortable and inviting will benefit your business. When workers feel comfortable, they will stay.
- Create a Positive Work Environment
Creating a comfortable, bright and pleasant space for your employees and clients to walk into, will have a big effect on your business and achieving your corporate goals. The colors that you choose and the office furniture that is in place can have dramatic effects on the profitability of your company. Also, a welcoming, positive space will spark creativity, energy and motivation in your staff.
- Your space as a brand messenger
Since your workspace holds the power to be your most important brand messenger, an office makeover that reflects the essence of your brand will have powerful and far-reaching benefits. A branded workspace enhances the attitudes and experience of employees, clients and investors and will drive the success of your business. With a strategic approach to design, your branded space will tell your story to all who enter and connect them to your message. This will lead to positive outcomes in engagement, productivity, recruitment and retention.
- Maximize Workspace Per Square Footage
As design trends continue towards open floor plans, the amount of square footage needed per employee has dropped. By designing a workspace with flexibility and adaptability, not only will your workspace allow for future growth, but it will allow you to add to your space as employee needs change. An adaptable spaces maximizes spatial and operational efficiency, keeping costs down to protect your bottom line.