11 Aug 2017
By Richard Morris, UK CEO, Regus
Professionals across a number of industry sectors, led by several compelling factors, are challenging the validity of traditional workplace structures and many are embracing change. Taking space on an as-needed basis makes sense for businesses that no longer want to be locked into long-term fixed and inflexible leases. This has obvious bottom-line advantages – after all, why pay for an office with ten desks when only five are ever occupied? But it is also a strategy that enables businesses to be more agile and to scale-up or retract as operational needs dictate.
Such financial and logistical benefits of working flexibly are convincing but forward-thinking business owners see well beyond these advantages. Attitudes are changing; no longer is the worker asked to adapt to the workplace, rather, businesses are championing working structures that better enable employees to do their best work.
Remote working improves productivity by offering business people a much-needed change of scene. According to our latest research amongst over 20,000 global professionals, over half (56%) found that they were better able to concentrate when working remotely. The same survey revealed that over a third (35%) of business managers globally plan to allow their teams between one and two days to work remotely in the coming twelve months.
In fact, those businesses not thinking in this way face the very real threat of missing out on the cream of today’s employee talent. An earlier Regus survey amongst 3000 UK professionals found that when faced with two similar jobs, more than nine in ten professionals would select the one offering flexible working. Further, more than half agreed they would “actively change job” if one with more flexible working was offered.
Managing millennial expectations
The millennial workforce comes with very different attitudes to work than previous generations. Workplace flexibility is no longer regarded as a perk – rather, it is expected. By positioning in a more agile fashion businesses can cast their recruitment net wider - location no longer being a handicap to securing the best talent.
Workers are no longer willing to accept the stress and expense of the commute and are looking at flexible working solutions that enable them to gain this time back, work nearer to home and enhance productivity. Given that today’s typical UK commuter spends an average of 8.1 hrs per week travelling to and from work - the equivalent of an entire working day – eliminating this process makes total sense.
The flexible future
The true beauty of the flexible working model is the choice of workspace type and location. Businesses can mix and match, finding solutions that suit individuals and enabling a fluid geographical spread to suit changing strategies. They simply use and pay for what they want, where they want it - a way of working far removed from the fixed desk, fixed location, fixed lease model.
A growing number of business and entrepreneurs are thinking the same way. Why persist with legacy routines that are expensive, unproductive and limiting? Forward thinkers have recognised that the workspace infrastructure is in place to support a more flexible approach, to the benefit of individual employees and overall business outcomes.