If you have a decent CFO, all that would probably be single-digit percentage of salary costs, and you'd know what digit it is. It's not rocket surgery to know all these costs. If you don't, get a decent CFO :)
Premium office space OTOH can really hurt. I am still wondering why so many companies suffer SF office space prices only for their workers to commute into SF because they can't afford SF living costs either. Maybe stop hurting each other and just relocate within 20-30 miles where it's less insane (though still quite insane by non-SV standards...)?
Re:WeWork sells Meetup
by imtringued on Wednesday April 01, 2020 @05:07AM
(#22746936)
Furniture isn't a big deal because it's not a reoccurring expense. The problem is hiring more people than you need and then having to order even more expensive furniture that you don't need. If you have a small business that only needs 20 people then buying 20 chairs just doesn't matter. But if VCs steer you into hiring 70 more people for the sake of growth then of course all that furniture is going to bog you down.
Just because the finance team has an eating disorder, doesn't mean I should have to go on a diet. Investing top dollar in a chair, monitor, work machine, light snacks and drinks is plenty. I'm not the one asking for new offices and sponsored ski retreats, give me a break.
It happens the fortieth time they do it - but the logic is the same as the first time they do it.
Then all of a sudden it's a $$$$ chair at a $$$$ desk with a $$$$ computer and a $$$$ screen and a $$$$ company phone and $$$ in snacks and $$$ in soft drinks and $$$ in beer and $$$$ in lunches and $$$$ in dinners and $$$$ in training and $$$$ in conferences and $$$ in free laundry and $$$$ in parking and $$$$ in the annual corporate ski retreat and $$$$$ in premium office space, and of course we extend the same benefits to the janitors and receptionists, they're employees too, and of course we drink beer and play foosball on company time that's team-building....