Monetising Agility is the Next Business Challenge, Finds Global Workplace Report

A global workplace report reveals that nearly 60 percent of respondents from large organisations predict a decrease in the need for office space as a result of future work styles, according to a report conducted by Regus and Unwired.


The report, titled "VWork: Measuring the Benefits of Agility at Work" surveyed 600 executives from around the world to gauge their thoughts on the current state of the workplace. In an online survey, respondents were asked about topics such as virtual working, mobility, collaboration, and utilisation of office space. Over half of the respondents (51 percent) indicated that the office will become a place for occasional use.


"As the concept of virtuality gains ground, monetising agility and creating a robust business case for changing the way we work will become essential," said Hans Leijten, regional vice president, East Asia, Regus. "The future of work will involve organisations moving toward a more flexible work model where employees will be allowed to buy their own office space."


"It will be critical for companies to find a new measure for the cost of 'provisioning work' that leaves behind the traditional approaches of rent and rates in a 'per square foot' fixed world," said Phillip Ross, Chief Executive Officer, Unwired. "As the utilisation of an office today is typically only 45 percent, empty desks no longer make sense in a world where mobility and agility will become accepted by people as the most effective and sustainable way of working."


According to the survey, 62.5 percent of large enterprises surveyed have already rolled out new ways of working. Fifty-nine percent of respondents said they no longer struggle to work effectively outside the workplace.


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The report reveals that only 12 percent of people would like to work from home. More than half (64 percent) of the respondents believe the ideal commute to work is under 20 minutes and 25 percent want less than a 10 minute commute. Currently, 32 percent of respondents that work for large organisations spend 41 minutes to an hour commuting every day and 27 percent spend over an hour.


The report also highlights that 79 percent of respondents feel they have the right technology to be productive in their workplace and increasingly are being given technology enablers to be able to work from any location.


More than half (51 percent) are enabled with everything they need, while 42 percent have a few tools but expressed that technology capabilities could be improved.


Finally, 71 percent of those surveyed believe that younger workers, the millennials and the generation still at school, will be more accepting of virtual working and reject the traditional office.



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