May 5, 2020
Collaborative Workplaces Can Cut Costs
While moving to a smaller office is a good start for cost savings, the real value is in incorporating technology to help workers collaborate.
By Gary Crowe
More at source... https://www.cfo.com/workplace-issues/2015/12/collaborative-workplaces-can-cut-costs/
* The benefits of flexible collaborative workspace over a dedicated investment in office space may still be debatable, but hybrid Work From Home (WFH) arrangements are quickly surpassing the previous flexible options in both capabilities, and cost savings.
*Technology to allow for remote collaboration is a greater driver in reduction of real estate costs
*Iron Mountain & Regis/WeWork models shows savings via reduction of on-site office space. Work from home is an even lower cost alternative but needs tech.
*Every reduction in footprint requires an offsetting increase in efficiency. Utilization of centralized business service center hubs can add that efficiency to support a truly remote workforce.