There is a lot of debate over the impact of COVID causing the end of the office as we know it. What businesses do with their office space is a question yet to be answered by many business owners. A workplace strategy will aid this decision-making, as described in Step No.4 of our own workplace strategy.
Some businesses might not even be considering a refurbishment or moving to a new office due to these unprecedented times and deem it too risky. However, this change can benefit the business to ensure it’s adhering to any Government guidelines as well as keeping employees safe and satisfied.
Choosing one or the other can be a part of a longer-term plan you have for your business to get back to normal, or to a new normal. Below we discover the differences between the two options and the benefits or pitfalls they might have on your business as we come out of lockdown.
Do you know the difference between an office fit-out and an office refurbishment?
A fit-out is about working on a new empty space whereas a refurbishment is about improving your current workspace.
A lot of business owners are asking, how is an office refurbishment in the middle of a health pandemic going to help?
An office refurbishment can be a step towards the recovery of your business by revamping your current space. This could be simply changing the layout to adhere to social distancing guidelines, updating outdated furniture or a part of a rebranding.
Makes better use of your current space
Increases employee productivity
Improves health and safety
Reinforces the company’s branding
Space is not utilised efficiently
Higher overhead costs long term
Waste of monies spent on spaces that aren’t used regularly
A lot of businesses have realised that their workforce can work from home just as effectively as they were in the office, pre-COVID. Now the business is working at a lower capacity in the office, there might be some empty space that isn’t being utilised. This could result in the business wanting to relocate to a smaller office as a more permanent and longer-term solution.
Moving to a new premises might mean you need to carry out some dilapidation works to remedy the breach of a lease covenant, relating to the condition of a property. This process can get confusing with all the legal jargon, so to understand it all we have broken down the dilapidation process and the definitions in a blog post.
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