Third want to downsize HQ
Firms ready to adopt ‘hub and spoke’ office model
Companies are assessing their office needs (pic: Terry Murden)
Business leaders are looking to adopt a ‘hub and spoke’ office model as more of their staff work from home.
New research reveals that more than a third (37%) of business leaders are considering downsizing their primary office space served by smaller satellites closer to where their employees live.
The research by recruitment firm Robert Walters comes on the back of data from property agent RightMove showing 85% of employees expect continued flexibility to work from home post-Covid, and a 130% increase in homebuyer searches in the countryside.
Robert Walters’ report – The Future of Work in UK & Ireland – highlights the potential for many businesses to establish a ‘hub & spoke’ business model which addresses both the flexible needs of the employee, and the commercial & financial needs of the company.
The hub & spoke model refers to a more flexible workspace and working style allowing employees to work from either their city hub or a dedicated, strategic spoke location – including more regional workspaces.
The ‘hub’ or HQ remains in a city centre – albeit smaller – but continues to act as the ‘face’ of the brand where client and larger team meetings can be held. ‘Spokes’ are much smaller and versatile offices based closer to where employees live – and often designed in a co-working format to accommodate a variety of different teams.
Adopting the hub & spoke work model allows companies to downsize their city centre office – lowering overheads, rent, expenses, and business rates – whilst maintaining brand image.
In the past two years there have been more co-work spaces on the market – offering everything from an entire floor to renting by the desk.