Wednesday, November 11, 2009

Businesses are downsizing their Real Estate

Posted by: Scarlett Lu

Businesses are moving into smaller office because their staff is shrinking and more workers telecommute. When a company decides to downsize the reasons are obvious, it may be that they have no other choice; it’s either they downsize or go out of business. They may go as far as eliminating employees. Another trend that arise is closing down properties and letting employees work from home. Owners are saving money on office equipment such as furniture and other expenses. By letting employees work from home, or by using independent contractors who don’t work on-site. Owners do not have to provide space at the office for them. Space equals money. The CEO of Edge Electronics; has turned seven salespeople in Texas into telecommuters. Telecommuting has enabled some businesses to close down their offices and expand their headquarter space. Workers are working from homes and they save time and money without commuting. Employees have the opportunity to work offsite. They can still accomplish work at home.
It is extraordinarily expensive to run a small business especially in the New York area. Since every employee has a computer, phone, internet connection it is convenient to work from home. The internet has made it easy for people to keep in touch with one another.

1 comment:

  1. It is true that the internet has made it easy to work for people to keep in touch.But is it not more time taken and less controling as well? By- Anshu Dixit