Flexible working, Working remotely or Co-working are not terms just for startups and small businesses anymore, big companies also moving to new age workplaces as flexible working has made businesses more productive.
Workplaces used to be rigid places with 9 to 5 working style before business casual was introduced in the 1990s. But new age working style not only giving more flexibility for company financials but also that is what new age workforce is demanding.
Key benefits of flexible working for businesses including increased productivity, lower overheads and accelerated speed to market, it’s no coincidence that, over the past decade, 85% of employers have implemented a flexible workspace policy or are planning to do so.
This is the reason why companies Like Regus, SPACES, WeWork and others are opening new centres continuously across the country.
For Example, every office space rented with SPACES, gives the flexibility to access any of SPACES and Regus centres across 18+ Cities in India with its business worldcard and removes the bar to hire an off location employee.
Even 53% of Indian employees are ready to take a pay cut for companies offering remote working as per a report from Indeed.
Recently, Govt of India announced that it is working to bring a Rs 270 crore-scheme to encourage work-from-home jobs in the information technology (IT) sector by offering financial incentives to both employees and employers, reported The Hindu.
According to a research done by iwgplc, with more than 15,000 business people across over 80 nations, 80% said when faced with two similar employment offers, they would turn down the one that didn’t offer flexible working.
15,000 business people across over 80 nations, 80% said when faced with two similar employment offers, they would turn down the one that didn’t offer flexible working. via @bizztor_in @RegusGlobal Click To Tweet
The results show there’s a major power shift towards the employee – they now have more input on how they work, and where they work. And businesses that understand this see boosted productivity, higher talent retention, and greater agility.
Key Takeaway from the Report Includes:
80% Said when faced with two similar employment offers, they would turn down the one that didn’t offer flexible working.
50% of employees globally are working outside of their main office headquarters for at least 2.5 days a week.
85% confirm that productivity has increased in their business as a result of greater flexibility.
65% of businesses say flexible workspace reduce CapEx/OpEx, help manage risk and consolidate their portfolio.
You will also be amazed by some other facts from the study.
Is your startup ready for the change or you are already using a flexible work policy at your end? we will be happy to hear via comments.