In these troubled economic times, may are concerned for their jobs but employers can be just as concerned, not only for their own security but also for the responsibility of their employees resting on their shoulders too.
As the economy in recent years has meant companies have worried firstly about inflation, then about deflation and now it seems it could turn to inflation again, the advantage that serviced offices can bring to the table seems to be highlighted yet again.
Given the ever-changing economy, it is difficult for any company to accurately predict the next twelve months let alone the next five years and yet traditional office space leases in the UK are still typically for anything from three to five years or more and increasingly, landlords are asking for personal guarantees putting the employer’s own family home at risk. Too much office space and overheads could put the business at risk and yet too little office space could restrict its growth.
This is where serviced offices flexible office agreements are particularly advantageous. There is no need to offer personal guarantees, leases can be signed with a commitment of just a few months and there is the added flexibility of being able to downsize or upgrade the amount of office space as and when the business needs dictate. Serviced offices are taking over the business world.