Local governments are pushing companies to move from large cities to regional locations. What are the benefits and drawbacks of this?
In the contemporary world, the evolution of digitalization played a vital role in the ease of communication.
This
has led to several changes in our lifestyles - both personal and professional. Whilst there are some proponents who want to push companies
to regional locations
instead
of large cities
, some opponents think otherwise
. This
essay will discuss both views.
One of the major benefits of the smaller cities
hosting offices
is its operational cost. In other words
, owing to huge demand and cost of living, running expenses such
as rental, salary and utility bills will be more in big cities
. Moreover
, with the advent of the internet and telecommunications in all locations
, small cities
are considered knowledge hubs. Unlike olden days, the educated class need not go to cities
searching for a job, ,
Change the punctuation
apply
instead
Add a comma
,instead
companies
are willing to come in search of them. For instance
, post-COVID, IT companies
in India started launching nuclear offices
in medium-scale cities
, thereby reducing running expenses.
On the other hand
, major multinational companies
, with frequent visitors from abroad cannot move to remote locations
, due to limited travel options. In addition
, multicultural interaction will be restricted if the companies
move into regional locations
. Having offices
in major cities
is a matter of great prestige and will provide equal opportunities to people from everyone. For instance
, there are a plethora of companies
with headquarters in New York, although
their big offices
will be in cheaper areas. The address adds value to the company to attract clients.
In conclusion, decisions on office sites must be taken by authorities comprising town and city planners and company stakeholders, by considering the corporate objectives.Submitted by arununni777 on
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