A recent survey by International Workplace Group (IWG), the world’s largest flexible workspace provider, shows that many CEOs and CFOs are increasingly turning to hybrid working models to manage economic challenges.
The survey found that 90% of top executives are concerned about the impact of macroeconomic instability on their businesses. In response, 83% of them see hybrid work as a critical way to reduce costs and improve resilience, according to TN Global.
Financial caution is widespread, with 86% of executives actively taking steps to protect their companies. Hybrid working helps companies lower overhead costs, including office space and utilities, with 77% reporting significant expense reductions.
In Singapore, small- and medium-sized enterprises face challenges such as rising costs and talent shortages. Despite this, nearly half are focused on regional growth. The flexibility of hybrid work supports these goals by enabling companies to scale more efficiently and access a wider talent pool.
Beyond cost savings, hybrid models are boosting productivity and employee satisfaction. Over 80% of leaders report better productivity, and 88% say hybrid work improves employee satisfaction. This approach also helps companies explore new locations and decentralize their workforce, according to 74% of executives.
While two-thirds of companies are reducing operating expenses, many are balancing cost control with the need to support their employees. Hybrid work allows businesses to optimize their office space without sacrificing professional environments.
The survey shows that hybrid work is now seen as a long-term strategy that improves productivity, wellbeing, and talent retention, not just a short-term cost-cutting measure.
Mark Dixon, CEO of IWG, said companies using hybrid work are able to reduce costs and offer employees better work-life balance, making their businesses more agile and competitive in uncertain times.
