A new office can be a gateway to a whole new chapter in an organisation’s business journey, providing motivational workspace which can lead to increased productivity and numerous other benefits.
We take a look at the top five reasons that new workspace can benefit a growing business.
1. Attract new talent
The space you occupy is critical to attracting new talent. Location, office design, facilities and perks all play their part. Workspace with plenty of natural light, biophilia and artwork creates a welcoming environment. Add in other features such as an onsite gym, great breakout spaces and free events, and your office becomes a very desirable place to work for potential new recruits.
The benefits of investing in a new office typically outweigh any additional expense but a larger office doesn’t necessarily mean it will be more expensive over the long term, it may even reduce costs ultimately. Choosing an office space provider which offers an all-inclusive package means you know what your costs will be upfront and you can budget accordingly.
3. Boosting brand awareness
A dedicated office provides a branded space for stakeholders to visit, building brand recognition and prestige. Sourcing, designing and creating your own workspace directly can be very costly but choosing a flexible workspace provider who can deliver bespoke space for considerably less capital investment and in significantly quicker timescales can see you occupying your own branded space in less time than you might think.
If your business is operating on a hybrid model, its important still to have a base for employees to come together for collaboration and relationship development. Creativity happens when we collaborate even if its just a chance conversation at the coffee machine. For younger members of staff, collaboration is also critical to create mentoring opportunities for career development. It’s hard to quantify the benefits of the soft skills which are organically picked up by young people whilst working alongside more experienced colleagues.
Collaborative space is increasingly important in today’s workplace, particularly after the isolation we all felt during the pandemic. We are social beings by nature so workspace that provides opportunities for teams to come together is critical.
5. Staff motivation
According to a recent survey, motivated staff are 33% more creative, 31% more productive and 87% less likely to leave their jobs. It goes without saying that a workspace which is inspiring and motivational will increase productivity and improve staff retention, so reducing staff turnover and the associated recruitment costs.
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