What You’ll Learn from the Article:

• The potential benefits of relocating, including cost savings, improved employee satisfaction, and increased operational efficiency.
• Key factors to consider when making a regional or national relocation.
• The advantages of local relocation and reconfiguration within your community.
• How satellite office setups can offer flexibility and reduce costs.
• The economic incentives available for businesses considering relocation.

Potentially the most radical of the 3 R's, the option to relocate is also the most powerful one. Done right, a relocation can lower your rent, make your employees happier and more productive, lower your operating costs, and potentially generate additional income or savings for your company.  While moving your office is never a decision to be taken lightly, the benefits can be huge -- even if you're just moving across the street as opposed to across the country.
 
As your company thinks about relocating, remember that a relocation impacts two different audiences:

• Your employees, who face both economic and lifestyle concerns related to your office's location.
• Your company, who can enjoy both economic and regulatory benefits from relocation, in addition to receiving the positive implications of any benefits provided to your employees.

It's important to weigh stay-or-go decisions with both camps in mind, since the impact of a relocation on either group either one could generate enough benefit to make moving the best choice.