The future of work is now. The way we work has changed with more and more people and companies turning to flexible work models.
Working from home, from an office, where you can collaborate more easily or in a hybrid way. It comes as no surprise that some of the world’s biggest companies like IBM, Microsoft, PwC, and others are adopting flexible work models in 2021 and beyond.
Flexible work – what does it mean for companies?
Many companies may find themselves stuck in a long-term contract for an unnecessary big office space they are not fully utilizing as many employees are still working from home.
Also, when dissecting their budgets and operations, businesses that rent a conventional workspace may come to the realization that there’re numerous operational ledgers (beyond the office space) they need to take care of – from IT infrastructure to maintenance and facility management, beverages for the team, and many others.
To get a better idea of the differences, let’s explore some of the main characteristics of conventional and flexible serviced offices.
A conventional or traditional office is a workspace, which is rented directly from a landlord, usually at a price per square meter per year. Conventional offices are usually offered on long-term leasing and might be a good option for businesses looking for long-term space and facilities for their employees.
Yet, it should be noted that traditional offices do not include maintenance and other services. The company needs to hire in-house professionals to take care of all the moving pieces when it comes to managing your office space.
Also, the electricity, water, IT infrastructure, redundancy, and many other ledgers are not included in the pricing. This means that businesses that opt for a conventional office need to consider the expenditure costs, which can vary depending on the size of the space and the work, which must be executed to tailor the workspace to the organization’s needs.
Flexible serviced office
Flexible serviced offices provide spaces with the price being calculated per number of workstations as opposed to square meters of office space. This is more cost-effective as you pay for the exact space you currently need as opposed to big amounts of space you’re not fully using.
Also, usually, the pricing plans include various costly services like water and electricity, Facility and IT management, beverages, access to collaboration areas, and many others. This end-to-end experience takes the pressure off business leaders and provides a complete and hassle-free office experience.
Get a transparent full-fledged comparison between flexible serviced offices and conventional offices' prices and services through our True Cost of Operation tool.