Will you implement it into your people strategy?
Remote workers are almost twice as likely to say they love their job as those in the same industry working in a traditional workspace, according to Regus.
A huge factor in this may be the time individuals save due to remote and flexible working. According to a recent study, cutting out the commute by working remotely could save companies 3.53 billion hours by 2030. That is equivalent to the time spent at work every year by 2.01 million people.
People in China, the US, India and Japan will see the greatest hours saved in the commute under the accelerated growth scenario, while people in Singapore will see 4.7 million hours of additional commuting time saved each year.
After studying how 16 countries have handled the flexible working trend, Regus predicted that a boom in flexible working could contribute $54.8 billion to the Singapore economy in just over a decade. A total of 73,000 additional jobs in flexible offices are expected to be created in Singapore by 2030.
Sectors driving the trend include professional services (23.3%), business support services (19.6%) and public administration (17.7%). Other sectors include information and communication activities (10.1%), financial services (7.8%) and property services (5%).
Regus also found that between 8% and 13% of all employment will be associated with flexible workspaces in most developed economies by 2030. Greater levels of flexible working will save businesses money, reduce operating costs and boost productivity, causing a ripple effect for the business world.
The specific benefits of flexi-work include higher business and personal productivity, lower overheads for office space for companies using flexible workspace, and millions of hours saved commuting.
“As this study shows, flexible working offers significant contributions to society, from giving people more of their personal time back, to boosting the economy via job creation and improved productivity,” said report author, Steve Lucas from Development Economics.
