Is the Corner Office Worth It? (U.S. News & World Report)
April 23, 2013
John Vogel, adjunct professor of business administration at the Tuck School of Business, writes in an opinion piece for U.S. News & World Report that research suggests the workers happiest with their work spaces are the most productive, and vice versa.
Acknowledging that customizing work spaces to suit individual needs can be costly, Vogel says that nonetheless there are useful improvements that can be made that are less costly than others. “Noise reduction, private space, and better work surfaces may be costly,” he writes. “But even these upgrades can be handled creatively.”
A conclusion he draws is that most companies “pay office workers about 20 times more in salary and benefits than they pay in rent. Thus, if a 10 percent savings in office rent results in a 10 percent loss in productivity, then for every 10 cents of savings the company is losing two dollars.”
Read the full story, published 4/19/13 by U.S. News & World Report.