Office Fit-outs can make a world of difference to your office space as well as your company as a whole. The right fit-out can maximise productivity, lead to higher employee satisfaction, develop a brand image, and utilise resources more efficiently. A fit-out can even be specified to be aligned with your objectives, vision, and values of your company. Therefore, giving you the chance to build a seamless experience for your customers, team, and organisation. There are multiple benefits to getting a new office fit-out. However, they’re not the only things to consider when deciding to revamp your office.
Different customer behaviour research shows that the main determining factor when it comes to making a purchasing decision is the cost. When you think about revamping your office, it’s essential to consider two of the most crucial things before deciding. The first is to fully understand your requirements. To understand better what this may entail, here is an office fitout checklist to answer any questions you may have. The second is to have a clear budget.
Office fit-outs are dynamic projects that require a great deal of knowledge and planning. You need a keen eye to successfully implement proper space planning, installing meeting rooms, partitioning, IT equipment, and lighting. A long list of things usually means high costs, but you’re probably wondering, “What does something like this cost?”
Asking how much does this cost is like asking, “How much does dinner cost?” – Well, it depends! Do you want to cook at home? Do you enjoy fast food? Or do you want dinner from a five-star restaurant?
Knowing what you’re looking for in an office fit-out is essential when it comes to the all-important ‘cost question’!
It makes it easier to determine if an office fit-out is something you want with reference points in mind. It allows you to adjust your budget to meet your demands.
Your budget will ultimately decide if you require a new office fit-out. You may be feeling overwhelmed and discouraged if your budget is smaller than the ‘basic office fit-out’ cost. Don’t worry, though, office fit-outs also help in recuperating costs.
So what if you are a cash strapped company? And don’t have the luxury to take on projects that don’t provide you with a good return on investment (ROI)? These are questions we get asked a lot at Interia Systems! By focusing on the ROI of your office revamp, we ensure long-term savings for your company.
The ROI of the project helps reduce the overall cost of the project in the long term. Cost reduction is possible with savings, increased productivity, or contributing to wellbeing and staff retention. Let’s examine a few ways an office fit-out can reduce organisational costs and save money.
A report by WHO shows how vital wellbeing is at work. Regarding reducing sick days and increasing retention rates, wellbeing and mental health were the most important. An article by CEO Today quantifies how sick days can affect your business. Whereas, in 2016, on average, a company with 49 individuals saw a sickness absence rate of 2.2%. Which resulted in the company losing in total 49,000 AUD (hourly rate of 26 AUD)!
Revamping your office to improve workflow and wellbeing of team members can be expensive and time-consuming. However, the benefits of doing so can affect your bottom dollar. With a small increase in wellbeing and a decrease in sick days, your company can save thousands of dollars each year!
ROI is an important factor when it comes to making a decision to get a new office fit-out. But the issue of having a small budget may still be affecting your decision. In the next section, we will talk about how to get your project done with a small budget!
You may be thinking, “Okay, I can recuperate my investment costs, but I’m strapped for cash now. How do I do this on a budget?” We plan on giving you the insights to do just that! We want to make it a little easier to get the results you want for the budget you’ve set.
There are multiple ways you can cut costs while still getting the right fit-out. Focus on the following to meet your company’s goals and vision, all while staying under your budget.
Deciding to get a new office fit-out may be challenging for multiple reasons. One thing that you don’t need to worry about is having a small budget. By planning ahead, having a precise idea, and consulting a professional, your new office fit-out can meet your budget requirements.
With opportunities to get a great ROI on a new office fit-out, you can be sure to recuperate costs. Additionally, being able to raise the wellbeing of your employees is crucial. With improved wellbeing, you can increase employee productivity while also reducing the number of sick days. A new office fit-out might be just what you need to become more functional, productive, and promote your brand image.
Invest a little or a lot; your new office fit-out will make a big difference for your company. Talk to our team today and find out how to save, recuperate, and realise gains in your new office. Small budget, but need a significant impact? We got you covered!