TEC case study on the Future of Work found that an increased number of their employees wanted greater workplace flexibility
The Executive Centre (TEC) found that successful strategies for implementing flexible work practices boiled down to physical, digital and social transformation
The office of the future must be an inspiring physical space that facilitates communication, cooperation and collaboration in order to encourage employees to come into the office, according to the latest case study by The Executive Centre (“TEC”), the leading premium flexible workspace.
Modern technology and globalised communication systems have allowed us to become a more agile and mobile workforce, and these trends have accelerated with the COVID-19 pandemic. The workforce culture today is increasingly championing flexible working practices as the Future of Work, leading to a shift for multinational corporates towards adopting a flexible work culture through an extensive review and analysis of their portfolio and employee needs.
The case study reviews the learnings and provides a roadmap for other organisations that realise the value of flexibility but find it challenging to create an architecture to empower change.
One of the key learnings is that for companies to successfully transition towards flexible working practices, they need to understand their business requirements and priorities first, as there is no one-size-fits-all solution. They must also interview and collaborate with their employees extensively, conduct research to make informed decisions, seek external consultations from multiple industry partners, and understand where their operations need to be geographically and how the occupants will use that space. While the company approach must be tailored, there were three factors that all companies should consider in their workplace strategy: Physical, Digital and Social.
- Physical transformation: As people will be coming into the workplace to perform activities that they cannot do at home, office design will become one that facilitates communication, cooperation and collaboration.
- Digital transformation: With an increasing demand to work flexibly and remotely, technology and digitalisation of workflows will play a pivotal role in enabling day to day productivity.
- Social transformation: As the office will become a place where employees choose to work from, greater incentives will be needed to attract people into the office.
For its Greater Bay Area location, one of TEC’s clients realised it required private office spaces and meeting rooms in a CBD location which would allow for multiple business units to operate, and a flexibility to scale up or down as their business needs changed. The Executive Centre’s flexible workspace solution gave them the ability to mitigate their risks and reduce costs while remaining in the heart of Guangzhou’s central business district.
“As a solution, flexible workspaces provide ready to use, fully furnished and serviced workspaces for the headcount that’s needed at hand. This ability to scale up or down or move locations at relatively short notice is a highly intelligent way for companies to address their workspace requirements,” said Paul Salnikow, Founder & CEO of The Executive Centre.