this post was submitted on 30 Nov 2023

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183

Employers push for staff to return to the office after working from home as commercial property values plunge (www.abc.net.au)

submitted 11 months ago by Nonameuser678@aussie.zone to c/australia@aussie.zone

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[–] lurch@sh.itjust.works 1 points 11 months ago (1 children)

I know no company that would dislike paying less when they need a new headquarter due to the companies growth. In fact two companies I worked in had to move because of expansion and it was a big effort to find good new accessible headquarters with room for even more growth that weren't overpriced. It took them a long time to find and choose one. It got really crammed during the search and they had to rent a floor of a neighbouring building and link the networks via encrypted directional radio to buy time.

[–] NounsAndWords@lemmy.world 2 points 11 months ago

From the article:

Rent is only about 2-5 per cent of costs for most companies with offices in the CBD, whereas salaries and wages make up about 40 per cent.