With a focus on work-life balance, many companies have been slowly investing in office fitouts and refurbishments that focus on flexibility and adaptability.
With the recent COVID-19 pandemic, however, we are likely to see a much bigger emphasis on these type of office fitouts. That’s because many employees are now working from home and may continue to do so as restrictions ease.
Many others, however, may return to the office, whether that’s on a full-time basis or splitting their time between the office and home.
So what are the benefits to a business owner when some of their employees work from home? Are there any disadvantages of this business model?
Benefits of a work from home business model
One of the biggest benefits of a work from home business model is a reduction in infrastructure costs. For example, you don’t need to lease such large office spaces and when you need to pay for office fitouts, less space equates to less costs.
However, with social distancing likely to be with us for the foreseeable future, you will also need to focus on interior design and refurbishments that promote this new way of working.
Other advantages of this business model are that your employees are generally happier with their work-life balance. Productivity increases, attrition reduces and fewer sick days are taken.
Another benefit is that employers can hire people based on their skill-set, regardless of their location.
Disadvantages of a work from home business model
Working from home doesn’t suit everyone.
As a business owner you don’t want to lose control of your employees, so you need a business model that supports this way of working.
For example, Skype and Zoom can be used for meetings and team collaborations; targets and goals will need to be closely monitored, and insurances and security issues addressed.
Do you need help with interior design for your office fitouts or refurbishments? Liteco Projects can help your company redesign your office spaces with a focus on social distancing, flexibility and adaptability to a new working environment.