Financial justification is essential whenever a company wants to invest in something novel. The first haunting thought that strikes an employer is whether the returns-on-investment (ROI) will be commensurate with the funds being shelled out. However, a wise employer moves in tandem with the modern trends and seeks help from financial experts before deciding.
On the other hand, a stubborn employer will continue to detect flaws and kinks in new investment propositions, an indifference for which he pays dearly. In tune with this working philosophy, a sane employer will invest happily in ergonomic furniture. But he would still require some help in decision making.
Here, the role of a financial expert is worth its weight in gold. Suppose you’re the financial advisor to a company and the employer asks you to justify the investment in ergonomic furniture -which is slightly expensive.
Then what should be your approach? Acting wisely, you will not straightaway dissuade the company owner. You would rather delve into the proposition holistically and analyse all the pros and cons. Lest we forget, there are hardly any cons when it comes to ergonomic furniture.
Why is ergonomic furniture priced on the higher side?
Ergonomic furniture is priced on the higher side because its design element is unique. It is curated in such a manner that it adjusts handsomely with the shape, size, and statute of the users. Secondly, ergonomic furniture manufacturers spend a lot of money, time, and energy on designing the lumbar (lower-back) support features that this furniture genre is famous for. Thirdly, utmost care and efforts are undertaken to ensure longevity of ergonomic furniture such as standing desks, office desk chairs, ergo stools, desk converters, meeting pods, work pods, and phone booths. You can also check online for the perfect writing desk for your needs.
Furthermore, ergonomic furniture is designed by experts who ensure that it meets the aesthetic requirements. No wonder, ergonomic desk chairs, standing desks, stools, and desk converters are highly pleasing on the eye. And most importantly, ergonomic furniture safeguards employee health, fitness, mood, and productivity at the workplace. When you factor in all these attributes of ergonomic furniture, you’ll be able to gauge the reasons for its high price. As a seasoned financial advisor, you know that quality comes at a price. And it’s worth the price too.
The 3 prime financial justifications of investing in ergonomic furniture
Fit, Healthy, and Productive Workforce
Undoubtedly, this one’s out of the top drawer. Ergonomic furniture, as we discussed earlier, is meant to bolster productivity at the workplace. Ergonomic desk chairs, sit-stand desks, ergo stools, desk converters, meeting pods, work pods, and phone booths foster physical and mental well-being of employees.
So, you should advise the employer to invest in ergonomic furniture to ensure the firm’s growth trajectory. You may also say that ergonomic furniture can help the firm in earning market goodwill as well, since people gauge a company’s credentials by seeing its compassion towards the workforce.
Zero Replacement Costs, Less Medical Bills, ROI
Office furniture replacement is a perennial task for all companies. And that’s because regular furniture depreciates at a quicker pace as compared with ergonomic furniture. You may advise the company owner to invest in ergonomic furniture to avoid replacement costs.
Secondly, with ergonomic furniture at the workplace, employees are less likely to fall ill. Their sick leaves will also reduce drastically. The money saved on these medical expenses can be redirected towards better investments, retained earnings, and employee benefits. Once you’re able to convey these points eloquently, the employer would be able to decide easily.
Less Attrition, More Attraction of New Talent
This is a point which no employer would disagree with. That’s because he knows how much the workforce likes a safe, secure, healthy, and beautified working environment.
Ergonomic furniture ensures employee loyalty and also helps in attracting new talent. As an intelligent financial advisor, you should be able to highlight the cost implications of high attrition at the workplace. It all depends on how you put it across to the employer.
Conclusion
These financial justifications, if conveyed properly, can encourage an employer to invest in ergonomic furniture.