Credit: Inc.com
Our firm just moved, Monday June 15th was our first day in our new office. We chose to stay in the same building after touring the market and evaluating the options and listening to the feedback from our internal teams.
The location was great, but how we used the space needed to change. My simple suggestion: understand what you need.
Inc.com recently posted a list ‘Reasons to Move–and Reasons to Stay’ to help companies understand when it’s time to move to new office space:
RETENTION
Pro: Don’t underestimate how happy a tricked-out new space can make employees.
Con: Sometimes retention requires staying put.
RECRUITMENT
Pro: The battle for talent never ends, and a brand-new office in a desirable location can be a major draw.
Con: Expect that some current employees will need to be sold on the move–especially if their commute would be changing.
ECONOMIC INCENTIVES
Pro: Move to a great new space–and get paid for it? Where do I sign?
Con: If incentives are tied to certain metrics related to job creation or retention and your company can’t meet them, be prepared for negative PR and a possible backlash.