How can a company minimise ongoing occupation costs

The average annual churn rate is around 40% and for some companies it can be 100% or more; that is to say that on average every employee will move workstation location once a year. There are many companies whose space requirements change on a very regular basis as team sizes expand or contract, for example. These changes can usually be effectively managed by internal Churn management rather then needing to find alternative premises. Looking at what can be done with existing commitments and undertaking a suitable space audit should always be considered prior to committing to a full relocation exercise as the costs for the later can be significant.

Churn is the term given to reconfiguration of existing office workspaces to accommodate changes in personnel and different working arrangements.

The churn rate for a facility can be calculated by dividing the total number of employee workspace moves made in a year by the total number of office employees in the facility and multiplied by 100.

Starting with a flexible working environment can assist in the process and keep costs down, but innovative thinking and forward planning can help achieve long term savings.

There are various ways to improve flexibility; here are three important considerations:

Next>> 3 important ways to help minimise ongoing occupation costs.