Many companies are still recovering from the recent economic downturn, and while consumer confidence is up and revenue is starting to stream in, C-suite executives are still wary of any excess spending. In one fell swoop, facilities managers can demonstrate the value of their positions and encourage decision makers to invest in advanced technology, such as integrated workplace management systems, by simply showing them the numbers.
If a company invests in an IWMS tool, Aberdeen Group estimates it can save around 5 percent in total occupancy. It costs an enterprise with 400 employees on staff approximately $3.6 million to provide each employee with a workspace, according to figures from the Gartner Group. Therefore, a firm can save $180,000 per year by implementing the software.
However, IWMS programs save companies money across other areas as well that can maximize their impact. The International Facility Management Association found FMs can cut budgets and impress C-suite executives by keeping closer tabs on lighting.
With space utilization tracking tools such as movement-monitoring light fixtures, FMs can see which areas are occupied throughout the day and make decisions to maximize efficiency.