Hong Kong’s expensive commercial real estate market has forced many businesses that would normally exist in the province to think alternatively about office space. With office space approaching over $300 a square foot, it is no wonder that merchants and businesses alike are trying to find more reasonable spaces for their businesses. Fortunately, the commercial real estate climate has something for everyone’s taste and budget.
In addition to the traditional office and newer coworking spaces, the virtual office is one of the best ways to counter office space blues. The virtual office essentially provides businesses with a reliable internet connection and other amenities. However, these plans rarely come with a high price tag. Take a look at Servcorp’s virtual offices in Hong Kong at http://www.servcorp.com.hk/en/virtual-offices/ to see some of the amenities you might get with this office. A virtual office is a great option not only because it is less expensive but it also can allow you more flexibility when hiring professionals.
Keep reading to find out exactly how the virtual office has created work opportunities in Hong Kong’s business environment.
Hong Kong has one of the richest economies in the world with residents earning on average at least a million dollars a year. While this is great for the local economy, the cost of living is high, and so living and working in the province is expensive, and this is also the case for office space in a location that is already densely packed. Furthermore, businesses have no choice but to look for alternative space in the city.
The virtual office can be a solution simply because it reduces costs significantly by only requiring businesses to pay on an as-needed basis for conference and meeting rooms. In addition, these plans usually provide your business with access to standard office equipment as well, and the initial start-up costs are very low. By reducing the cost of leasing ever month, you can potentially save money and re-invest back into the business, namely hiring people.
Hiring Top Talent
The virtual office has made it possible for businesses to not only hire more people but to have access to people from around the world. The online platform allows businesses to recruit professionals from a variety of places. In addition to the more popular professional social media sites, there are also traditional career sites where job seekers can apply for positions.
The best part of this platform is that businesses are no longer limited by hiring designations. In fact, while there is still a lot of full-time and part-time work available, freelancers and contractors comprise a large population of professionals who get hired online. Whether using online hiring sites or social media sites, the virtual office makes it possible for you to hire professionals that meet the needs of your business without having to worry about personnel costs associated with hiring professionals through traditional methods.
Finally, the virtual office removes the boundaries that come with traditional hiring. By removing geographic location as an obstacle for hiring talent, the virtual office has made it possible for businesses to hire talent from around the world, and more importantly, hire the perfect person for the job. In essence, the virtual office has opened up the pool of qualified candidates by removing the boundaries that make it difficult to recruit, interview, and hire candidates.
Providing Work Through The Online Network
The virtual office has a number of benefits, but a tangential one is that it does open doors for both businesses and prospective hires. Furthermore, the virtual office virtually eliminates the stagnation in the hiring process simply because it takes days not weeks to hire potential candidates, making your business more productive. In the end, the virtual office provides your business with the opportunity to hire the best professionals from around the world and thus providing work opportunities to anyone with the talent, a device, and an internet connection.