IWG’s annual business survey finds flexible working helps cut costs and boost employee productivity
From HR directors to entrepreneurs to PAs, flexible office spaces are helping all kinds of businesspeople work better. In IWG’s , well over two thirds of respondents (79%) said that flexible workspace has played a role in their company’s success.
Among the key reasons are low running costs and the fact that facilities and social spaces are set up for maximum productivity. Additionally, with IWG workspaces available in over 1,000 towns and cities around the world, professionals can cut down their commuting times and costs, as well as strike a better balance between their home and professional life.
Alex Grande, Founder and CEO of employee recognition and rewards platform Recognize, says he uses offices through IWG’s heritage brand Regus in the US because they are well-designed and affordable.
“They allow our small company to have really nice office space when we otherwise wouldn't be able to afford it. I have a view of the Colorado River in our private office for only $1,600 per month.
“Having a subscription for our office spaces also allows us to keep debt off our books. We don't have a 30-year loan on a traditional office.”
Other benefits include being able to open a new branch anywhere. “Austin is a more affordable place than San Francisco, so being able to easily open an office there through IWG is huge,” says Grande. “And if our current office stops meeting our needs, we can move to a different one.”
In addition to cost savings, flexible work is a sought-out after perk for professionals.
In fact, IWG’s Survey has found that more than 50% of employees worldwide are working outside of their main office headquarters for at least 2.5 days a week, and 62% have a flexible working policy in place.
In the years ahead, agility will be more important than ever in making businesses succeed, and flexible workspaces will play a key part. Companies will be able to expand into new markets and locations efficiently, scale up or down at speed, manage risk and reduce expenses.
Statistics also suggest that the economy is going to be better off thanks to flexible workspaces. IWG’s Global Workspace Survey reports that the US economy could experience a boost of $4.5 trillion annually as a direct result.
As ways of working and space requirements evolve, it’s becoming clear that the nine-to-six job at a fixed location is no longer the norm.