Risk managers are geared with the task of preparing and managing risks with new technologies, and flexible working may be the next best tool to help alleviate unexpected events that can damage companies.
JLL estimates that by 2030, 30% of corporate real estate will be flexible due to companies looking for more cost efficient options. Companies are able to adopt short-term leases, reduce capital expenditure and other costs, which can provide a boost and lower financial risk.
Global businesses looking to expand can also use flexible offices to move into new territories without a huge level of commitment. Flexible working provides companies of all sizes the agility to test out new markets without fear of being tied down to a space.
Additionally, flexible working can help boost talent retention. A study found that 87% of workers want the option to work flexibly to achieve a better work-life balance. Offering this can help a company become more competitive in attracting and retaining talent.
Overall, flexible working allows risk managers a plan in place during unforeseen events that can hurt businesses.