In today’s tough economy, companies are doing everything they can to be profitable. However, they often cut back on facility management, thinking it’s too expensive. Facilities management is actually a huge savings for your company. These are the benefits of having a top-tier facility management system.

1. Cost savings: Buildings and land are often the second largest expense for any business (second only to labor). By effectively implementing sound facility management practices, a business can save millions a year. These measures include keeping all building systems and equipment up to date and working efficiently, and maintaining security. This will save the business money in the long run by reducing utility costs, eliminating costly 911 calls and lawsuits.

2. Customer Satisfaction – While many people wouldn’t admit it, they are much more likely to visit (and revisit) a business that takes pride in the way it looks. By keeping the site in good shape, a business shows that they pay attention to detail and will go the extra mile.

3. Occupant retention: It is much easier to keep an occupant than it is to find a new one. By paying attention to the concerns of occupants and visitors about things like room temperature, building owners and managers show that they want to keep them satisfied.

4. Code Compliance: As we all know, today’s society is more litigious than ever and government standards are always changing. An effective facility management system, by documenting operations, can serve as evidence that your business is striving to provide a safe environment. This documentation can be very important if a lawsuit arises.

5. “Green” Image: Green facility management is not only important for conserving natural resources and reducing pollution, but can be a major selling point today. While it will likely be the main draw card for attracting customers, pointing out that your company strives to maintain “green” operations in its building and grounds will impress potential customers.

6. Staff retention – Everyone is more productive when they work in a safe and comfortable environment. By using effective facilities management, you can control labor costs because your people will work their best. You will be able to better attract and retain the best employees.

7. Security: No one wants to be in a workplace under constant threats, whether due to accidents, theft or violence. Establish and maintain effective and up-to-date facilities management. You’ll sleep better at night knowing your staff, occupants, and visitors are as safe as possible. That peace of mind is worth any perceived additional cost.

8. Health Care Costs – As you know, companies lose millions every year in sick time and health care costs. Effective facility management can prevent sick building syndrome, eyestrain, carpal tunnel syndrome, back pain, and many other ailments. This can save health care costs and employee downtime.

9. Resale Value – If and when the time comes to sell your premises, you are likely to get a much better price if you can show that you have well-maintained buildings and grounds. You may also be able to sell quickly because you won’t have to go through a hectic process to “organize” the property; it will be ready to be displayed.

These nine benefits will show you that, as the saying goes, “Facilities don’t cost, they pay.” Invest in your facilities management programs and start reaping the benefits.