Hybrid Working Costs Savings Calculator.
While businesses can achieve substantial cost savings (up to 80% in some scenarios – Read our Case Study here) by adopting a hybrid working model, it can be challenging to identify where these efficiencies lie within your office.
Many businesses have changed their core days. The consensus is that staff are expected to be in the office on Tuesdays, Wednesdays and Thursdays. However, these fluctuations within your workspace can make it challenging to identify where the efficiency savings lie and how to adapt your workspace to implement them best.
So, if you’ve ever thought, ‘How much could we save?‘ or ‘Is hybrid working worth it?‘ ‘Could We Just Downsize and Rent a Small Office in London? ‘ Our hybrid working space calculator will help you make sense of the numbers and answer these questions.
Ready to begin? Let’s crunch the numbers and determine if hybrid working is correct for you!
Desk Capacity
Desk Capacity refers to the number of people a room or facility can accommodate, usually determined by the number of seats or workstations available. This may be difficult for the actual number of desks that you choose to place within your workspace.
Suppose you opt for a ‘high-density’ workspace, where people work closer together rather than removing some of the desks to create a more spacious working environment. If you currently occupy a leasehold or managed workspace, please factor in the total number of potential desks within the space. This includes all the breakout, lounge and communal areas. This will help you compare a serviced model with a leasehold / managed office setup.
Cost Per Desk (£)
Although we always make our workspace recommendations based on ft.² and the usable space within the building. Understanding the ‘Cost Per Desk’ is essential to get an accurate figure for serviced, leased, and managed workspaces. This includes all expenses for on-site operations, such as rent, business rates, utilities, taxes, and furniture. Divide this number by your Total Desk Capacity. This figure will ultimately help you budget for which office spaces to rent.
Total Desk Capacity
Compared to a traditional lease where you build the amenities into the space and pay rent 24/7, a serviced environment means you only rent the spaces when needed.
Meeting Room Usage
We suggest rounding up your meeting room usage to the nearest hour. Although some workspace providers allow you to book meeting rooms in shorter time slots, most allocate credits on an hourly basis. The maximum bookable access has been set to eight hours per day. Helpful if you want to compare the costs of building your own dedicated meeting room.
Our Hybrid Working Cost Savings Calculator will accommodate negative figures. Helpful if you are allocated a fixed amount of meeting room credits but aren’t using them. If your building offers free-of-charge meeting rooms, please enter zero.