As the business landscape is constantly evolving, more and more companies are looking for ways to reduce costs without sacrificing quality and simultaneously increasing efficiency. One of the decisions that many businesses make is whether or not to choose between seat leasing or working from home for their employees.
Seat leasing is a type of arrangement where a company rents out “seats” or complete workstations in a shared office space. This is usually done to provide employees with a dedicated workspace or on some occasions to forego the building of their own infrastructure, which would inflate the cost of business.
Work from home is a different type of arrangement in which employees are able to perform their job duties outside of a traditional office setting, as its name suggests it’s usually done from the comfort of their home but also extends to other locations outside the office such as a coffee shop or anywhere with internet access really.
Pros And Cons Of Seat Leasing
Seat leasing can be a great option for businesses that need a dedicated office space for their employees, but don’t have the resources or budget to lease or buy their own space. Some of these benefits include:
- Flexibility – the number of seats and duration of the lease are customizable to your needs.
- Access – instant access to an already-built office infrastructure is a huge advantage, especially for remote staff. Depending on the seat leasing company, you could also be provided with a complete work setup, making the service a more plug-and-play experience, meaning you only need to have employees to get going.
- Cost-effective – seat leasing can be significantly less expensive than leasing an entire office, especially for small businesses and startups.
There are also drawbacks to seat leasing to consider as well:
- Potential for distractions – shared office spaces may have distractions such as other tenants.
- Less control of the entire environment – there may be changes being made to the office that you have no control over.
Pros And Cons Of Working From Home
Working from home is becoming an increasingly popular option for businesses, due to factors like the COVID pandemic, the advancement of technology, and the growing desire for more flexible work setups. Some of the benefits of working from home include:
- Reduced absenteeism – it’s difficult to miss work when you’re working from home
- Cost savings – without the need to pay for office space, expenses such as rent and utilities are eliminated
- Flexibility and increased productivity – with the ability to work in the comfort of home, employee satisfaction, and retention goes up which leads to a more productive workforce
However, there are also potential drawbacks to consider with WFH setups:
- Communication and collaboration issues – the lack of face-to-face communication takes some getting used to. There’s an adjustment period that has to happen for effective communication.
- Security and regulation compliance is difficult – in order to keep data secure, businesses may have to invest in new technology to accommodate a WFH setup.
Factors To Consider When Choosing To Seat Lease Or Work From Home
Ultimately, the choice between seat leasing and working from home will depend on the specific needs of and situation of your business. It’s important to weigh all factors and consider the long-term implications before you make a decision. You could also consider having a hybrid setup, where some of your staff work from a seat leasing office while others work remotely, as this can help you access the best of both worlds.
Another important aspect to consider is employees’ preferences and needs, some employees might prefer working from a dedicated office space where they can separate their work and personal lives, while others may prefer the flexibility that working from home provides them. You should communicate with your employees to find out their needs and preferences to help make a more informed choice as it will affect both your business and your employees.
The Wrap Up
Both seat leasing and WFH have their own merits and drawbacks, making the “right” choice is dependent on your business needs and circumstances. You should factor in items such as the size of your business, employee preferences, and needs, along with your budget, and any rules or regulations that might affect your business. It’s important to be informed about what each service brings to the table and you need to be willing to try different arrangements in order to find a solution that best suits your business and employees.