Calculate Your Cost Savings
Welcome to the cost savings calculator!
This tool is designed to help you estimate the cost savings your organization can achieve using a desk booking tool for space optimization. With the rise of remote work and flexible work arrangements, many companies are looking for ways to optimize their office space and reduce costs. By using a desk booking tool, organizations can use their existing space better and reduce the need for costly real estate leases.
To use this calculator, enter the total area of your office space, the cost per sqft of your real estate lease, the space savings percentage that you expect to achieve with a desk booking tool, the increased space utilization percentage that you wish to achieve, and the increased productivity percentage that you expect to achieve. The calculator will then estimate your total cost savings based on these inputs.
Please note that this calculator provides estimates only and should not be considered a substitute for professional advice. We recommend that you consult with a real estate professional or financial advisor for a more accurate assessment of the cost savings you can achieve with a desk booking tool.
Thank you for using the cost savings calculator! We hope that this tool is helpful in your efforts to optimize your office space and reduce costs.
Expected Cost Savings (per year):
Formula Explained for Calculation
Reduced cost = Total cost per sqft * Reduced area This formula calculates the reduced cost based on the total cost per sqft and the reduced area calculated in the previous step.
Productivity savings = Average salary of employees * (Increased productivity percentage / 100) This formula calculates the productivity savings based on the average salary of employees and the increased productivity percentage.
Total savings = Total cost – Reduced cost + Productivity savings. This formula calculates the total savings by subtracting the reduced cost from the total cost and adding the productivity savings.
These formulas consider the variables the user provides through the input fields and calculate the cost savings that can be achieved by using a desk booking tool for space optimization.
Increased Productivity: By enabling more flexible work arrangements, the organization may increase employee productivity and reduce the time employees commute or work in distracting environments. For example, if the organization can increase productivity by 5% and the average salary of employees is $50,000 per year, it could save $25,000 per year in increased productivity.
Room Manager Explained in 5 Minutes Video
In this video, we walk through the system’s key features, including desk and room booking, visual floorplan booking, and efficient workspace management.
Watch the Room Manager Explained in 5 Minutes video YouTube Video.