10 Reasons Why Businesses Should Invest in Artwork for Their Workplace
According to Andy Warhol, “Making money is art, the work is also an art and good business is the best art.” But here’s the real question: should businesses invest in art for their buildings and offices? While some people may fail to see the value in purchasing art, there are actually dozens of reasons why you should do this.
It’s a fact that great artwork can make your office more attractive, boost productivity and even help to increase your bottom line. In this post we’re going to explain why artwork can be a worthwhile; and even necessary, investment for your business.
Why Businesses Should Invest in Artwork?
1. Art Breaks the Monotony of your Walls
Blank white spaces are mind-numbingly boring. Placing art on your walls will help to break the monotony and make your workspace more interesting. It also helps to distinguish certain areas in your office and can act like a landmark. Offices can often feel like a maze where everything looks the same. Hanging artworks in certain areas can help people navigate their way around.
2. Art Gives you Something to Look At
You will inevitably have people waiting in your office. Why not give them something nice to look at? Artwork captures attention, makes your business more memorable and helps you stand out from the crowd. A boring office can make waiting more stressful than it has to be. (Which is something we’re sure you’d like to avoid, especially if you frequently have clients or patients in your waiting room.)
3. Art is Classy and Sends a Message
It’s important that your business is seen as classy and professional. Art sends a message to customers, staff and visitors that you’re running a first class establishment. It helps customers feel good about doing business with you. Class is something that everyone should aspire to and is easy to achieve with the right artwork. Quality artwork will also send a positive message about your business and creates a welcoming atmosphere.
4. Art has a Psychological Effect on the Viewer
It’s true that beautiful things soothe the soul and make us feel good. Whether it’s a beautiful landscape, sunset or a splendid piece of art. By placing art in your lobby or office you will make people feel good about being there. Art is inviting, calming, charming and makes the world a better place. It also sets a tone for your business and enhances the experience for your customers.
5. Art Helps Employees Work More Efficiently
Employees don’t want to stare at boring walls all day, do they? Art in your office will brighten up the place and improve staff morale. It’s a proven fact that art can make staff more productive and is also known to decrease anger and stress levels. Art restores mental energy and helps to boost emotional and physical health. It also helps to improve emotional well-being and will make your office a place where people actually want to be. Art can even inspire your employees to be more creative.
6. Art Shows you Care
Another reason to invest in art is because it proves that you value your employees. That you’re willing to spend money on beautifying their workspace. Buying art shows that you care enough to spend money in your community, and is often considered part of a Corporate Social Responsibility (CSR) programme. Studies have also discovered that allowing employees to choose artwork gives them a sense of control. It provides them a sense of agency which can help to boost their performance and deepen the bond between employees.
7. Art can be a Lucrative Investment
Artwork appreciates over time and can eventually become a valuable asset. You should see artwork as an investment which could one day be worth a lot of money. If you’re ever in trouble just sell the art! Jokes aside, buying art can actually help with your tax bill. Did you know there are certain tax deductions you can qualify for by buying art and that it can actually be written off as a business asset? Talk to your accountant about this.
For example, in Ireland, an art buyer can allow the purchase cost of artwork against tax, provided that the artwork is placed in his/her place of business where the public can view it. Suitable sites are reception areas, common access meeting rooms and canteens. The establishment of a company art collection is a very ‘tax-effective’ acquisition as the annual ‘wear and tear allowance’ on this capital expenditure is, at the time of writing, 12.5% per annum and, consequently, most of the purchase price can be recovered.
8. Art Makes your Office or Building More Attractive
Let’s be honest: most buildings and offices are hideous. In fact, many of them are monstrously ugly. By hanging art you can help to make the place a little more attractive. Your customers and employees will appreciate this. After all, the physical space in which you are working can play a huge role in how successful you are. No one wants to work somewhere which is ugly or depressing and art can help to alleviate this.
9. Art Lets the World Know that you’ve Made It!
Only businesses that are going somewhere can afford art. Having art on your walls tells the world that your business is successful (or at least that you’re on your way to being successful). Ultimately, art helps to send a positive message about your company. Along with tables and chairs, art should be seen as a necessity for your office.
10. Art is Impressive
Magnificent artwork is always impressive. Remember, first impressions last and art can make clients take notice and say wow! Whether it’s your staff, customers or even the cleaning lady, the right art will always impress people and give them something to talk about.
The bottom line is that everyone should aspire to having art in their office. It’s a great investment and is actually more affordable than you may think. It doesn’t matter what type of business you’re running.
Whether you’re an accountant, lawyer or Doctor, art can benefit your business. What’s more, you don’t have to spend a fortune to brighten up your walls. You’ll also be helping to support Irish artists which is always a nice thing to do!
Here at Ren Creative Works we specialise in artwork for businesses, office buildings and other commercial properties. We can provide you with suitable and appropriate artwork for your business or your employees if they work at home.
If, what’s been said in this post makes sense contact me today to learn how your company can invest in art.