Not The Other Way Round
The future of the “workplace” is aligning places to people , not the other way around, which is why the demand for flexible workspaces has been up 29% globally since the outset of the pandemic
Some of the factors that are driving these changes are:
- Flexibility compared to a lease
- Surrounding services and amenities
- Reducing CAPEX
- Environmental or sustainable features Health / Wellbeing benefits to staff
- Attractiveness to talent Employee productivity
- Increasing employee utilisation
- Reducing overall costs
Work-Life Integration: According to a survey conducted by FlexJobs, 75% of respondents believe that having a flexible work arrangement would make them more productive. Additionally, a report from Global Workplace Analytics found that 73% of employees consider flexible work options to be a crucial factor in achieving work-life balance.
Enhanced Productivity: A study by IWG reveals that 85% of businesses reported an increase in productivity due to the implementation of flexible work policies. Furthermore, a survey by Harvard Business Review indicates that 54% of employees believe they would be more productive if they had access to a variety of workspaces.
Talent Attraction and Retention: Remote work options have a substantial impact on talent attraction. A Buffer survey found that 99% of respondents would prefer to work remotely at least part of the time for the rest of their careers. Moreover, Owl Labs reports that companies with remote work flexibility have a 25% lower employee turnover rate.
Cost Efficiency: JLL’s Global Benchmarking study shows that companies can save up to 30% on real estate costs by adopting flexible workspace strategies. Additionally, a survey conducted by Condeco found that 41% of global businesses believe flexible workspaces can significantly reduce real estate costs.
Connectivity: The #1 factor delivering higher office utilisation over the next 12-18 months is Collaboration and the need for human connection!
These statistics reinforce the compelling reasons behind the increasing demand for flexible workspaces and the shift towards aligning places to people. As data continues to demonstrate the benefits of this paradigm shift, organisations are likely to further embrace flexible work arrangements to enhance productivity, attract and retain talent, and optimise operating costs.