More than half (67%) of Singapore companies report that their productivity has increased as a result of flexible working practices, and 66% link increasing revenues directly to flexi-working, according to new research from global workplace provider Regus.
The research surveyed over 16,000 senior business managers around the world and it is believed to be the first time that independent research evidence has validated the causal connection between flexible working (time and/or place of work) and improved productivity/revenue generation.
Respondents also report feeling more energised and motivated thanks to flexible working (63%), perhaps indicating why they are able to become more productive and generate more revenue. Flexible working, by improving worker morale and health, is therefore also taking on the important role of a talent retention tool, providing businesses with a valuable way of rewarding and attracting resources.
“Technology and network improvements as well as worker demands for a better work/life balance have driven flexible working to become the norm rather than the exception," says William Willems, Regional Vice-President for Regus, Australia, New Zealand and South-East Asia at Regus.
According to Willems, the survey confirms the business case for flexible working revealing that global businesses see increased productivity and greater revenue generation as directly linked to flexible working practices.
The study also reveals that 67% of respondents declare that they work more on the move than they used to, while 8% of respondents say that workers in their company feel healthier thanks to flexible working.
Globally, small businesses have embraced flexible working more readily than large with 80% of workers saying that their company works more flexibly than it used to compared with 68% of large business workers.
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