FEATURE : HYBRID WORK
culture where employees would expect surveillance by managers as part of the job or accept gruelling long days at their desks .
Business leaders cannot afford to doubt the value of flexible working as they risk their employee retention plummeting and their recruitment efforts stagnating .
However , open-plan spaces should not be blindly scrapped in response to the hybrid craze , nor should hybrid workplace alternatives . The answer lies in achieving a balance . The strategy lies in the advantages of technology , culture , and people themselves , allowing them to do parts of their role in the best place that works for them and the organisation , be that all at home or all at the physical workplace .
Checklist
The question then is , how can the organisation be equipped to achieve that balance ? Before renewing an office lease , business leaders should take into consideration the following factors :
• Consider the location of the office and whether it remains convenient for employees and customers .
• It is important to determine whether the location is still aligned with the company ’ s strategic goals and market position .
• Analyse whether the office space meets the business ’ s current and future needs in size , layout , and functionality .
• Comparing the cost of relocating to a new space with the cost of renewing the lease .
• Consider whether the current rent is still competitive and whether there is room for negotiation with the landlord .
• Review the reputation of the landlord and their track record of maintaining the property and addressing the needs of tenants .
• Examine the terms of the current lease , including the length , renewals , and termination clauses .
• Ensure that terms are still favourable and align with the business ’ s objectives .
• Make sure that the building amenities , such as parking , security , and building services , still meet the needs of the business .
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