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Forbes – What Is The Future Of Work? Why The World’s Biggest Companies Are Turning To Flexible Workspaces

The Executive Centre is a Business Reporter client.

The way people work is changing, and as a result so are the spaces in which they do so. The traditional office used to be viewed as the font of all productivity: occasionally organisations allowed a select number of staff to work from home – but seldom was there a middle ground. That is, until the myriad benefits of flexible workspaces became apparent, and the somewhat black and white choice between office-based and remote working began to change. Technology, employee satisfaction, and wellness are only some of the factors that have caused a shift in focus to the overall office experience and the role that plays in productivity, and now more than ever organisations are turning to flexible workspace providers to help them adapt to this “new work normal”.

“What we’re seeing now is a re-evaluation by organisations of their office strategy,” says Paul Salnikow, Founder and CEO of The Executive Centre (TEC), Asia’s largest provider of premium flexible working spaces. “The current market uncertainty is creating huge demand for the flexible workspace sector as companies try to manage costs and become less willing to commit to long-term leases.”

For 26 years TEC, whose clients range from SMEs to some of the world’s top companies, such as Facebook, Pfizer and Morgan Stanley, has been emphasising the many benefits to businesses of flexible workspaces. Not only do companies no longer need to be tied to a fixed lease, meaning they can enjoy greater flexibility as market conditions change, but they only pay for the workstations that are occupied. This makes the space they use far more efficient, given they can add or subtract headcount with ease, and leads to immediate cost savings: businesses are only paying for what they need now, on a month-by-month basis, rather than what they may need two years down the line.

The Covid-19 pandemic may have brought the shortcomings of both office-based and home-based working into sharper focus, yet TEC knew long before the pandemic hit that the very anatomy of office culture needed to change.

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