A new case study by The Executive Centre (TEC) and Standard Chartered Bank highlights the key factors that will make a successful office in the future: communication, cooperation, and collaboration.
Thanks to the acceleration of technology and communication systems, companies are able to become increasingly digitized and connected, even when operating with a distributed team.
As a result, many organizations are pivoting to a hybrid model in order to accommodate more flexibility and freedom in employees’ work options.
However, the report found that companies need to understand what their business and employees require and prioritize before making a long-term transition towards flexible working.
“Initially, we assumed maybe 50% of our employees wanted Flex, but actually from our survey, we found that over 75% wanted it. Typically, this was 2-3 days at home and 2-3 days at the office or third space,” said Sheridan Perkins, Property Program Director at Standard Chartered Bank. “Despite some regional nuances, this finding was reasonably consistent across all regions.”
In order to adopt the best possible arrangement, leaders will need to conduct research, collaborate with employees, and receive consultations from industry partners that can guide them in making the most appropriate business decisions.
