When people ask me what All About Parking does, my quick, elevator answer is “Our primary service is providing valet parking for corporate campuses throughout Silicon Valley.” And the response I hear most is “Wow, what a great employee perk!”
They make a good point; valet service, free food and dry cleaning services are all common employee perks in Silicon Valley tech companies. And these services help to attract and retain the best employees in a very tight job market. But valet parking is much more than just a perk — it can actually help a company improve its bottom line. Here’s how:
- Improving employee productivity
Think about how much time employees waste searching for spots in cramped parking lots when they come to work each day, let alone when they have to leave their coveted parking space to head out to a meeting. Our studies show employees waste 10 minutes per day on average searching for parking in a typical Silicon Valley tech campus. To get a sense of the damage this kind of situation can do, consider that a business with 100 employees needing parking each day in a given location adds up to 50 wasted minutes per employee, (or 83.3 wasted hours total) per week. That’s a significant amount of wasted time when those employees could be doing productive work. One of our clients recently calculated that before they came to us, they were losing $600,000 per year in lost employee productivity due to their campus parking nightmare!
- Improving guest experience
If your employees are wasting 10 minutes each time they come to work, what about your guests who aren’t as familiar with the ins and out of your parking situation? Some of these guests are probably prospective clients you hope to do business with. Getting them to their meeting locations quickly and with minimal stress can only help you build productive relationships and get things started off on the right foot.
- Maximizing use of your existing real estate footprint
We all know that many technology companies (and other businesses in Silicon Valley) deploy an open-office plan to foster collaboration. The challenge with this type of office set up is that you are fitting more employees per square foot than what the parking for the building allows. So right away you’ve got a parking problem! With a valet company such as All About Parking, you can continue to add employees to your existing real estate footprint, and let us take care of finding spots for all the additional cars. The result? You get more out of your existing office space without having to upgrade to something bigger.
Are you interested in calculating how much money you could save with an office valet solution? Contact us to see how we can help.