As office leases come up for renewal, how should you plan for how much space to hold onto?
It’s a question made all the more complicated by the uncertainty around how current hybrid arrangements will evolve. In Charter’s recent survey of 507 business leaders, 63% said their organizations had solved the question of workplace location, but the majority weren’t confident that their decision would hold going forward.
It’s also one that’s built on a premise worth interrogating, says Mai Ton, Charter’s CHRO-in-residence. She suggests asking something else first:
Are there better places to spend that money?
The office is just one component of the employee experience, notes Ton, and may not always be the best use of funds in making that experience a positive one. “There are a lot of things you can do for employees that would go further than just giving them real estate to go back in the office to work harder,” she says.
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