More than half (56%) of businesses in Singapore state that flexible working costs less than fixed office working, saving tens of thousands of dollars per employee per year, says Regus. Thus, 80% of all Singaporean companies now offer part of their workforce some form of flexible working.
Research data from the last 18 months has shown remarkable strengthening in flexible work policies, not just in mature markets, but also in emerging economies.
In Singapore, 40% of Singaporean businesses also say that flexible working increases staff productivity. About 20% of companies state that flexible working policies attract and retain skilled staff.
According to Regus, 80% of employees say flexible working creates a better work-life balance. Another finding is that 25% of firms worldwide think business centres provide access to better communications technology.
According to an IDC report issued earlier this year, by 2013, 1.2 billion people, one-third of the world’s total work force, will be mobile workers and 62% of them will be based in Asia.
“Demand for flexible workplaces is clearly burgeoning, the main driver of which is growing awareness of cost savings to be made by converting to flexible working, enabled by developments in cloud and ‘work anywhere’ technology," says Mark Dixon, Regus CEO.
"Looking at the research we have commissioned across the globe over the last 18 months, together with independent third party sources, it is clear that flexible, mobile working is the new normal.”
To meet the continued rising demand for flexible workspace, Regus will be opening its latest Singapore centre in Asia Square in October 2011. There is a wide-ranging body of research data evidencing the mainstream trend towards flexible working underpinning accelerating demand in Singapore and globally for flexible workspace.
Over the next three years, Regus will invest to increase its global network by at least 75%, equating to over 800 additional business centres. The majority of growth will take place across the USA and emerging markets such as Brazil, China and India.
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