Hot Desking - ONEs Blog https://ones.software/blog Smart Office, Building the Future. Wed, 03 Apr 2024 08:52:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 /blog/wp-content/uploads/2022/06/cropped-favicon2-1-32x32.png Hot Desking - ONEs Blog https://ones.software/blog 32 32 What’s the Difference Between Hot Desking, Desk Sharing, and Hoteling? https://ones.software/blog/2024/04/03/whats-the-difference-between-hot-desking-desk-sharing-and-hoteling/?utm_source=rss&utm_medium=rss&utm_campaign=whats-the-difference-between-hot-desking-desk-sharing-and-hoteling Wed, 03 Apr 2024 08:52:18 +0000 https://ones.software/blog/?p=3643 Hot desking, desk sharing, and hoteling are all workplace strategies that involve the shared use of office space. However, there are slight differences between these concepts. Let’s explore each one in more detail: Hot Desking Hot desking refers to a flexible seating arrangement where employees do not have assigned desks or workstations. Instead, they choose … Continue reading "What’s the Difference Between Hot Desking, Desk Sharing, and Hoteling?"

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Hot desking, desk sharing, and hoteling are all workplace strategies that involve the shared use of office space. However, there are slight differences between these concepts.

Let’s explore each one in more detail:

Hot Desking

Hot desking refers to a flexible seating arrangement where employees do not have assigned desks or workstations. Instead, they choose an available workspace on a first-come, first-served basis each day.

This approach promotes a dynamic and collaborative work environment, as employees have the opportunity to interact with different colleagues regularly.

Hot desking is typically suitable for organizations with a mobile or remote workforce, or those that prioritize flexibility and collaboration in their work culture.

Desk Sharing

Desk sharing is similar to hot desking, but with a slight difference. In desk sharing, employees still do not have permanent assigned desks.

However, instead of choosing a different workspace each day, they share desks with others who work on different shifts or at different times. For example, if one employee works in the morning, another employee may use the same desk in the afternoon.

Desk sharing allows organizations to optimize space utilization and reduce the number of desks required, which can be advantageous for companies with limited office space.

Hoteling

Hoteling, also known as hoteling stations or office hoteling, is a reservation-based system where employees reserve a workspace or office in advance for a specific period.

With hoteling, employees have the flexibility to choose a suitable workspace depending on their needs, whether it’s a desk, cubicle, or private office. This system is often facilitated through a technology platform or software that manages the reservations and provides real-time availability information.

Hoteling is particularly useful for organizations that have a mobile workforce or employees who spend a significant amount of time working off-site. It allows employees to have a designated space when they need it, promoting productivity and a sense of belonging.

Desk booking system

In summary, while hot desking, desk sharing, and hoteling share the common goal of optimizing office space and promoting flexibility, they differ in terms of the level of workspace flexibility and the reservation system used.

Employees can easily book desks or offices through a mobile app or web portal, ensuring they have a designated workspace when they need it. The system can also provide insights on space utilization, helping organizations optimize their office layout and identify opportunities for cost savings.

Additionally, smart office systems can offer features like personalized preferences, such as adjustable lighting and temperature settings, to enhance employee comfort and productivity.

By leveraging technology, a smart office system streamlines the desk booking process, improves efficiency, and enhances the overall experience of employees participating in these flexible workspace strategies.

Start your free trial desk booking system now!

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Hot desking statistics & trends you must know in 2024 and onwards https://ones.software/blog/2024/02/10/hot-desk-statistics/?utm_source=rss&utm_medium=rss&utm_campaign=hot-desk-statistics Sat, 10 Feb 2024 10:30:00 +0000 https://ones.software/blog/?p=1245 The article is about what is hot desking and why you need hot desking in the future.

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As a result of the pandemic, many offices are implementing flexible working and becoming hybrid offices. The hot desk is one of the flexible working methods. 

Recently, executives at Europe’s largest bank also told to try ‘Hot Desking’, noting it comes as the bank pursues plans to shrink its office space by 40% in a post-pandemic shake-up.

In this article, we will explain deeply how hot desking affect the world and why you need hot desking in the future.

What is hot desking?

Hot desking is an organizational workspace system in which desks in a workspace are used on an ad-hoc basis. 

Instead of having only one designated space or permanent desk, hot desking allows employees to use any available mobile desk and is a strategy that helps increase flexibility and encourages collaboration.

The benefits of using a hot desk are that it maximizes space efficiency and reduces redundant office space to save on operating expenses.

Hot desking: A major trend of the hybrid working

Hybrid working is an arrangement in which a company’s management and employees alternate between working in a physical office and working remotely. The transformation is now evolving as many firms adopt hybrid working practices to accommodate an increasingly digital-based workforce.

According to the Accenture Future of Work Study 2021,  hybrid work looks set to go from strength to strength thanks to the autonomy and flexibility it offers and as 83% of workers prefer a hybrid-work model, it appears that hot desking could be the latest workplace trend making a comeback.

The report from Envoy shows a surge in employees using hot desks under the trend of hybrid working. In May 2021 alone, 110,000 desks were reserved—up 95% from April 2021. 

Do you really need a hot desk?

As previously said, hot-desking is designed to boost employee flexibility and make better use of space, as well as to improve staff communication.

Employees may have the chance to meet individuals from different departments whom they would not have met otherwise, which may result in a more social workplace atmosphere and a personal connection that may enhance cross-departmental work.

However, the practice must be managed carefully. While this may be an effective solution for employees who aren’t in the office very often, there are several health and safety concerns that come from numerous people sharing a single workplace throughout the day.

For example, office workstations should be configured to meet the needs of each employee, and suitable equipment should be given. It’s also worth mentioning that there are hygiene concerns that arise when employees use the same piece of equipment, as well as psychological issues that arise when employees are separated from supervisors or colleagues.

Statistics about hot desking and flexible working

Permanent desks become unnecessary

Permanent desks become unnecessary

The permanent desk is unnecessary for an office. Based on data from Inc. survey, 40% of an office’s dedicated desk space sits unused on a given day.  

(Inc.)

Only a few employees need their own desks

When they return to work following the coronavirus pandemic, only 19% of employees do not want any hot desking. (Gensler U.S. Work From Home Survey 2020)

The statistics is about hot desking and shows hot desking become important.
Statistics about hot desking

Hot desking is cost-effective

Hot desking is cost-effective

Hot desking can reduce their office operating costs by 30% while saving 15% to 25% on the amount of space they require.

(BBC)

Hot desking price drops

Indicating the growing availability of new flexible offices and how increased competition is resulting in even more inexpensive solutions for businesses and professionals, the global average price per desk decreased by 2.14% between 2019 and 2020.

(coworkingresources)

Hot desking regional monthly price

The trend of falling pricing is seen in various parts of the world as the coworking sector gains popularity. Europe is the lone exception, where prices have risen by almost 12% in the previous two years.

(coworkingresources)

The workspace will be consumed flexibly in the future

JLL estimates that, as a result of COVID-19’s impact on real estate and workplace management, 30% of all office space will be consumed flexibly by 2030. (JLL)

Companies decided to increase flexible workspace after the pandemic

A report by Jones Lang LaSalle, Inc (JLL) found that 37% of global organizations plan to increase their use of co-working or flex space after the pandemic. (JLL)

Employees prefer to work flexibly

Global HR and recruiting firm Adecco reported that, in the wake of COVID-19, 77% of professionals want greater flexibility in how and where they work. (Adecco)

Employees would join the flexible offices and leave the traditional offices

In a Gallup survey, 37% of employees said they would leave their current job in a traditional office to join a company that offered a flexible office environment. (Gallup).

Low efficiency of traditional office space usage

Most workplaces had vacancy rates of 20-50% prior to the coronavirus pandemic. (Work Design Magazine)

Some employees often do not work at offices before the pandemic

Half of all global employees worked outside their main office headquarters at least two and a half days per week prior to the pandemic. (IWG)

Flexible work arrangements will be employees’ major consideration in the future

77% of employees consider flexible work arrangements a major consideration when evaluating future job opportunities. (Zenefits)

Hot desking around the world

As Zenefits mentioned, 77% of people consider flexible work arrangements a major consideration. If the companies still work in traditional working methods,  37% of employees said they would leave the traditional office. 

Moreover, most workplaces had vacancy rates of 20-50% prior to the coronavirus pandemic and 40% of an office’s dedicated desk space sits unused on a given day. This shows that a large workspace is unnecessary for an office and the empty permanent desks are wasting the office resources.

Therefore, if the companies become hybrid offices, it can help them to keep their talents and save the operation by reducing the workspace, while hot desking allows them to work flexibly and prevent office resources from being wasted.

Hot desking in the U.S.

Employees at Square’s San Francisco office can choose from a number of settings thanks to the office’s entirely open floor plan.

Entry-level employees can communicate with their CEO at high-top tables in an activity-based arrangement, and personnel from different departments find themselves working together much more frequently.

I love how flexible it is, and that there are always different people sitting at my desk. It makes me feel more in touch with my co-workers and what’s going on in the company.

Maja Henderson, Office Manager at Square

Hot desking in the APEC region

The Singapore Newspaper – TODAY has interviewed 10 firms, 6 firms said that they would retain their present hybrid work arrangements after the Covid 19 pandemic. 

Tech firm SAP implemented a complete hot desking strategy in Singapore when it began renovating its offices in April 2021, with the goal of increasing collaboration among its 1,200 or so employees while also providing flexibility in how employees work.

Takeda Pharmaceuticals in Singapore has reduced the number of fixed workstations in order to create more meeting rooms and community spaces. Its redesigned workspaces were made available to employees at the beginning of this year.

Hot desking in Europe

The BBC notes that it comes as the bank “pursues plans to downsize its office space by 40% in a post-pandemic shake-up,” adding that “banking giant HSBC has announced that top managers in its Canary Wharf HQ have lost their desks and will have to hot-desk on an open-plan floor.”

My leadership team and I have moved to a fully open-plan floor with no designated desks,

Noel Quinn, Group Chief Executive of HSBC

In order to reduce its worldwide head office expenditures by 40%, Noel Quinn, CEO of HSBC, told the Financial Times that HSBC wasn’t renewing several of its leases in city centers that are up for renewal in the next three to five years.

Noel Quinn claimed that the idea of hot desking sprang from a genuine desire to be back in the office with everyone, mixing and exchanging ideas. He said that the bank would implement a rule requiring two personnel to work at each desk, with the exception of branches.

Other UK banks, including Lloyds and Standard Chartered, have also announced plans to dump expensive office space and offer flexible working arrangements to employees.

How does hot desking work?

The employees can reserve the desks that the employees want to use through the Office Management System. The employees can find the available desks anytime by the system.

Office Management System is a system that can manage all the desks and rooms in the office. There are lots of the best office management systems in the world, such as ONES, Envoy Desk, and Cloudbooking.

A perfect system for your hybrid office: ONES 

A hybrid office should use a comprehensive office management system, which helps employees use office resources efficiently, such as rooms, desks, and office equipment, and support them to have remote work and virtual meetings with their colleagues in the office.   

ONES is one of the famous all-in-one smart office systems that can help you to easily implement hybrid working at ease.  You can easily perform virtual meetings, desk-hoteling, and digital office management with our Room Booking, Desk Booking, and Visitor Management features.  

ONES Software now has a dedicated page to introduce a series of hybrid working measures to help you solve problems. You may wish to go to https://ones.software/hybrid-workspace/ for further reference.  

Contact us: hello@ones.software, or visit ONES Software official website for more information: https://ones.software/

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Challenges in Implementing Desk Booking Systems https://ones.software/blog/2023/07/31/challenges-in-implementing-desk-booking-systems/?utm_source=rss&utm_medium=rss&utm_campaign=challenges-in-implementing-desk-booking-systems Mon, 31 Jul 2023 04:29:03 +0000 https://ones.software/blog/?p=3510 As more and more companies adopt hybrid work environments, where employees work both remotely and in the office, desk booking systems have become an increasingly popular way to manage office space. Desk booking systems enable employees to reserve a desk in advance, providing them with the flexibility to choose a workspace that suits their needs. … Continue reading "Challenges in Implementing Desk Booking Systems"

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As more and more companies adopt hybrid work environments, where employees work both remotely and in the office, desk booking systems have become an increasingly popular way to manage office space.

Desk booking systems enable employees to reserve a desk in advance, providing them with the flexibility to choose a workspace that suits their needs. However, implementing a desk booking system can be challenging, and there are some common challenges that companies may face.

This article will discuss these challenges and provide tips for successfully implementing desk booking systems in hybrid work environments.

Employee adoption

One of the biggest challenges in implementing a desk booking system is employee adoption. Some employees may prefer their desks or may be resistant to change, so it’s important to communicate the system’s benefits and provide training to ensure a smooth transition.

Companies need to explain how the system will benefit employees, such as increased flexibility and productivity. Communication should be ongoing to keep employees informed about updates or changes to the system.

It’s also important to provide training and support to ensure that employees are comfortable using the desk booking system. Companies can provide training in the form of online tutorials, in-person sessions, or one-on-one coaching.

Technology issue

Another challenge in implementing a desk booking system is technology issues. Desk booking systems rely heavily on technology, and technical issues can arise, such as system downtime or connectivity issues.

Desking booking systems like Offision can help companies quickly implement their booking system without the need to have a dedicated IT team
to manage and troubleshoot the system. It also comes with a user guide or FAQ document that outlines how to troubleshoot common technical issues.

Real estate management

Real estate management is another challenge in implementing a desk booking system. Companies need to ensure that there are enough workspaces available for employees who need them. This requires careful management of office space, which can be a complex task.

Desking booking systems can help companies easily manage hundreds of hot desks with policy setting and quota mechanisms. Administrators can monitor the use of office space regularly and make adjustments as needed to ensure that employees have access to the workspaces they need in the management console.

Conclusion

In conclusion, implementing a desk booking system in a hybrid work environment can be challenging, but with careful planning and management, these challenges can be overcome.

With the right desk booking system, companies can ensure employee adoption by communicating the benefits of the system and providing training and support.

They can address technology issues by having a robust IT infrastructure and support system in place that the desk booking system provides. And they can optimize office space by carefully managing real estate needs and monitoring usage on the desk booking system easily.

By successfully implementing a desk booking system, companies can increase flexibility, productivity, and accountability in their hybrid work environments.

Learn more about Offision for your new hot-desking environment.

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Maximizing Accountability in Hybrid Work Environments with Desk Booking Systems https://ones.software/blog/2023/07/25/maximizing-accountability-hybrid-work-environments-with-desk-booking-systems/?utm_source=rss&utm_medium=rss&utm_campaign=maximizing-accountability-hybrid-work-environments-with-desk-booking-systems Tue, 25 Jul 2023 04:23:38 +0000 https://ones.software/blog/?p=3505 As more and more companies adopt hybrid working models, where employees split their time between working remotely and working in the office, it’s important to find ways to ensure accountability and productivity. One way to do this is through the use of a desk booking system, which can help to strengthen accountability and ensure that … Continue reading "Maximizing Accountability in Hybrid Work Environments with Desk Booking Systems"

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As more and more companies adopt hybrid working models, where employees split their time between working remotely and working in the office, it’s important to find ways to ensure accountability and productivity.

One way to do this is through the use of a desk booking system, which can help to strengthen accountability and ensure that employees are making the most of their time in the office.

Here are some tips for using a desk booking system to strengthen accountability in a hybrid working environment:

Make desk booking mandatory

To ensure that employees are using the desk booking system, make it mandatory for them to book a desk before coming into the office. This will help to ensure that everyone is aware of the system and is using it consistently.

Hold employees accountable

Set clear expectations for how employees should use the desk booking system, and hold them accountable for following these expectations. This could include requiring employees to book a desk for a minimum number of days per week or requiring them to cancel their desk booking if they’re unable to come into the office.

Monitor desk usage

Keep track of how often employees are booking desks and which desks they’re booking. This will help you to identify any patterns or issues that need to be addressed, such as employees not using the system consistently or booking the same desk every time they come into the office.

Use data to inform decisions

Use the data collected through the desk booking system to inform decisions about office space and resource allocation. For example, if certain desks are consistently booked more than others, you may need to add more of those types of desks to your office.

Provide training and support

Ensure that employees are trained on how to use the desk booking system effectively, and provide ongoing support as needed. This will help to ensure that everyone is comfortable using the system and can get the most out of it.

Elevate Your Hybrid Success with Offision Desk Booking

Overall, a desk booking system can be an effective tool for strengthening accountability and productivity in a hybrid working environment.

By making desk booking mandatory, holding employees accountable, monitoring desk usage, using data to inform decisions, and providing training and support, you can ensure that your employees are making the most of their time in the office and are working effectively in both remote and in-person settings.

Try Offision Desk booking now! Contact us.

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10-minute summary of smart office for 2023 https://ones.software/blog/2022/12/20/10-minute-summary-of-smart-office-for-2023/?utm_source=rss&utm_medium=rss&utm_campaign=10-minute-summary-of-smart-office-for-2023 Tue, 20 Dec 2022 00:38:00 +0000 https://ones.software/blog/?p=2914 In this article, we quickly highlight few smart office summary you must know for 2023

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A smart office provides useful information so leaders can make data-driven decisions about integrating new workplace technology and helps leaders future-proof their organization’s office locations and meeting spaces so they perform effectively for today’s on-site, remote, and hybrid workers.

In this article, we will quickly summarize why smart offices become more and more important even in this world that is full of remote and distributed work.

Smart offices help build relationships among employees 

PwC’s US Remote Work Survey shows just 13% of executives are prepared to let go of the office for good.

Meanwhile, 87% of employees say the office is important for collaborating with team members and building relationships — their top-rated needs for the office.

A smart office provides collaboration tools for staff to have collaborative work smoothly. 

Big Companies are seeking smart offices

LEGO and LinkedIn are committed to transforming their smart offices to support hybrid offices.  They provide lots of virtual technology and office management system in their workplaces.  

Coca-Cola also has already redesigned their office in Singapore. The aim is they want to offer some multi-functional communication tools and technology for employees, allowing them to communicate and collaborate with various colleagues and support remote colleagues back in the office work seamlessly.   

Smart office further develops towards sustainability 

Some smart offices already use renewable energy to reduce carbon emissions. 

David Watkins, solutions director at Virtus data centres, says that in addition to the data centre sector as a whole having its own net-zero by 2030 pledge, pressure to hit that target comes from customers. 

Smart offices not only drive environmental protection, but it is also a big business 

In order to promote smart offices, it is necessary to establish some data centres to store relevant data to enable the smooth implementation of electronic management. 

Google and Microsoft have committed to three-quarters of data centre energy consumption being renewable or carbon-free by 2025. 

The push for data centre sustainability can also be big business. The green data centre market is expected to grow at a compound annual growth rate of 7.5 per cent from $36bn in 2021 to $55bn by 2027. 

Work more flexibly in a smart workplace 

As mentioned above, a smart office allows remote workers and office workers to work together and provides lots of flexible facilities for them to work. 

According to a report from Omdia, 48% of the total workforce will work in a mobile or hybrid fashion over the next 2 years. The reason is employees think that working in a flexible workplace makes them happier at work so improving their work quality and productivity.     

Meeting rooms are not useless at all 

Based on The Economist poll, only 10% of respondents think meeting rooms are useless in the post-pandemic office. Meeting rooms are here to stay in the hybrid working era.

For how to create a perfect smart office, there is no standard answer, and neither is its office space. To summarize some reports, in terms of building the size of meeting rooms, you can refer to the following article. 

Step by Step: Determine the right office size and system for your new office – ONEs Blog 

A smart office can help to reduce the operation cost 

Some companies use a variety of flexible work equipment to replace fixed office facilities such as hot desks. Thus, this can help them to reduce their budget for buying furniture and pay lower rent while saving space.

Takeda Pharmaceuticals has reduced the number of fixed workstations by hot desking in order to create more meeting rooms and community spaces. Its redesigned workspaces were made available to employees at the beginning of this year.

As Inc. studies found out that 40% of an office’s dedicated desk space sits unused on a given day, hot desking can highly help companies to reduce their office costs by freeing up these dedicated workstations.

Creating work targets and a working guideline  

With the help of smart office, employees can follow some work guidelines for hybrid work, this can ensure they have positive work performances.   

In HP Teradici’s survey, 85% of respondents said existing company policies have already changed to reflect the new hybrid working environments, which means including setting some hybrid work guidelines for employees.  

Providing a full working guideline for your employees can make sure them to have specific work targets and ensure their productivity.   

An office management system is a must for any smart offices

One of the HR challenges is management procedures and 15% of respondents agree on this point, according to HP Teradici’s survey. 

The reason is the admins usually take much time for monitoring the staff’s performance or manage office resources, which makes the admins can’t focus on their work and difficult to maintain good performance.   

Therefore, business leaders should think about how to optimize their employees’ work process and Omdia’s report suggests organizations should plan and deliver technology to help their workers be productive from wherever they are.    

One of the best solutions is for companies should implement some office management systems, for example, meeting room booking. 

Few suggestions for office management systems 

ONES – All-in-one smart office system

The followings are the popular choice for your office management system: 

  • ONES: A system provides a comprehensive set of office management functions, including hot desks, room booking service, visitor management, and hardware configurations. 
     
    ONEs work with Microsoft 365 and Microsoft Viva. Also, ONEs can work the IoT sensors, therefore the misused rooms will be auto-released, preventing office resources from being wasted. 
  • The Receptionist: It creates a personalized check-in experience that makes a great first impression. However, it is just a visitor management system and does not provide other office management systems.   
  • Envoy: A company dedicated to optimizing visitor management systems. The initial activation plan is free, but it has some restrictions.     
  • Robin: Offers all the basic visitor management features, such as custom permissions and floor plans. A free trial is available, but some features are restricted.   
  • Condeco: A system that provides a variety of office management systems, including room booking, hot desks, and a visitor management system. It can be chosen at various prices depending on the needs of the office.  
     

Contact us: hello@ones.software, or visit ONES Software official website for more information: https://ones.software/

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Every C-Suite and Professional Should Know About Hybrid Working Stats in 2023 https://ones.software/blog/2022/12/04/hybrid-working-statistics/?utm_source=rss&utm_medium=rss&utm_campaign=hybrid-working-statistics Sun, 04 Dec 2022 08:06:00 +0000 https://ones.software/blog/?p=1047 All you need to know About Hybrid Working Stats.

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If the workspace business could be summarized in a single sentence in 2022, it would most likely be “hybrid working.”

Hybrid working is an arrangement in which a company’s management and employees alternate between working in a physical office and working remotely. The transformation is now evolving as many firms adopt hybrid working practices to accommodate an increasingly digital-based workforce.

By Gallup’s recent survey, remote work flexibility appears to be quickly becoming a permanent feature of the workweek for most employees working remote-capable jobs, with nine out of ten preferring some degree of long-term remote flexibility in the future and nearly eight out of ten expecting it from their employer.

Given this shift in where and how remote-capable people work, the next key question is how to best arrange hybrid work schedules with employees who split their time between remote and office environments.

ONES – All-in-one smart office system

Expectations of Hybrid Work

Hybrid work expectations include:

  • Employees have quick and secure access to business resources from wherever they are, including seamless transitions into and out of the office network and access to local and cloud resources.
  • Being able to use any device (a personal iPhone or iPad or a professional laptop) from any location – home, work, a coffee shop, or an aircraft — while knowing that security controls would be in place.
  • Less (or no) commute time and no friction when asking for resources to execute their work successfully.

General Statistics

General hybrid working trend

Gartner predicts that by the end of 2023, 39% of global knowledge workers will be working in a hybrid model that combines remote and office-based work.

This is a significant increase from pre-pandemic levels and is being driven by a variety of factors such as employee preferences, cost savings for companies, and the need for greater flexibility and work-life balance.

“For remote-first or hybrid organizations, fully mature virtual workspaces may replace the office as the embodiment of company culture and become the center of the digital employee experience,” said Christopher Trueman, Senior Principal Analyst at Gartner.

“However, employees should not be expected to engage in the virtual workspace for their entire workday. Virtual workspaces should only be used for meetings and interactions that will be enhanced by them, such as brainstorming, product reviews, or social gatherings.”

(Gartner)

More than 70% of employees are working from home at least two to three days a week.

This is an increase over the previous year’s EY Index, which indicated that just roughly 42% of firms used a mixed strategy. New and complex work patterns significantly impact a company’s real estate strategy, including the quantity of office space needed and the cost of using that space.

Almost 60% use, or plan to use, reservation systems for space usage and/or occupancy tracking.

(EY)

“Work-from-anywhere” is the new reality

By IWG trends forecast for 2023, work from anywhere is rapidly becoming the norm, and companies that embrace this trend are likely to see significant benefits.

  • 70% of professionals work remotely at least once a week, and 53% work remotely for at least half the week.
  • By 2025, an estimated 1.87 billion people will be working remotely.
  • Remote workers are more productive and report better work-life balance than office-based workers. A remarkable 98% of managers said they’re confident in their teams’ ability to deliver results on non-office days, by the FlexOS report
  • Work from anywhere is becoming a key factor for job seekers, with 70% saying it’s important when considering a new role.
  • Companies that embrace work from anywhere see benefits such as increased productivity, reduced real estate costs, and access to a wider talent pool.
  • Technology is a crucial enabler of work from anywhere, with tools like video conferencing, collaboration software, and cloud-based platforms facilitating remote work.

Hybrid work is preferred across ASEAN markets

The Cisco study highlighted many employees across ASEAN markets now prefer that hybrid work:

  • Singapore – 71%
  • Malaysia – 74%
  • Indonesia – 84%
  • Vietnam – 76%
  • Thailand – 69%
  • The Philippines – 60%

The support for hybrid work extends beyond employees as well — with 90% of employees saying their employers have been supportive of hybrid working.

In particular, 46% said their employers have been supportive, while 44% said their employers have been very supportive.

(Cisco)

Employees’ preferred work modes in APAC

In a 2022 survey conducted among employees in the Asia-Pacific region, a majority of 66 percent of the respondents stated they would prefer to work in hybrid mode in the future.

In contrast, only ten percent of the respondents preferred in-person work.

(statists)

The implementation of financial services firms

Studies show that 80% of financial services firms now have hybrid work models in place, with some allowing full flexibility and others requiring 2-3 days per week in the office.

The studies also found that only 20% of financial services companies require full-time on-site work. Instead, the majority (80%) offer hybrid or remote options.

These companies are roughly split between being fully flexible (39%), with no set on-site requirements, or having a structured hybrid model (41%), requiring 2-3 set on-site days per week.

Hybrid and remote models are more common in FinTech companies and smaller firms, and prevalence varies based on location and industry sector. The survey shows flexible work is becoming the norm even in traditionally office-centered industries like finance.

(scoopforwork)

The expectation of employers should remain flexible about hybrid working

Based on the voting made by Financial Times, more than 70% of people expect employers should remain flexible about hybrid working.

(Source)

The expectation of the number of days worked on-site per week

Hybrid workers vary widely in how many days they typically work from the office:

  • one-third are on-site one day per week
  • one-third are on-site two to three days per week
  • one-third are on-site four days per week

Preferences for time spent on-site also widely vary with the nuance that very few want to work on-site four or more days per week:

  • Only 12% of hybrid employees want to spend four or five days on-site in the typical week.
  • Of the 88% of hybrid workers who prefer three days or fewer on-site, slightly more prefer two days on-site (29%) compared with one (19%) or three (22%) days on-site.

(Gallup)

Most Preferred Hybrid Schedule: Working On-Site Two Days Per Week

Fridays and Mondays are the least popular days to be on-site both in terms of voluntary attendance and employer-required days on-site.

  • The daily mood shift from Sunday to Monday is the starkest in Gallup’s historical tracking. So it’s no surprise that Monday is a less popular day to be on-site than Tuesday through Thursday.
  • In contrast, Fridays are decisively the most popular day to work from home so employees can focus on wrapping up their work assignments and quickly transition to their weekend plans.

Tuesday through Thursday are the days of the week hybrid employees work on-site most often and are also the days when on-site work is most likely to be required by employers.

(Gallup)

Percent of Engaged Workers by Number of Days On-Site

 Three of the most common hybrid policies are:

  • 29% say their employer requires office attendance on specific days of the week (e.g., Tuesday through Thursday)
  • 28% say their employer requires a minimum number of days on-site (e.g., one to four days per week), but doesn’t specify which days are required
  • 43% say there are no universal on-site work requirements set by the employer

Employer requirements:

  • 57% of hybrid employees say their employer sets office attendance rules — about half of those with attendance rules are required to be on-site a specific number of days and half are required to be on-site on specific days of the week (i.e., Tuesday through Thursday)
  • 43% of employees report that their employer does not require a minimum number of days on-site

The most preferred and the most engaging policy:

  • Many hybrid workers (60%) do not want their employer to set a universal scheduling policy.
  • Employee engagement is highest among hybrid workers when their company does not require a certain number of days on-site.

(Gallup)

Benefits of working remotely

In 2022, the main benefit of remote work worldwide was the ability to have a flexible schedule with 67 percent of respondents naming it as the biggest benefit of working remotely. The flexibility to work from any location ranked second.

(statista)

Employee happiness and morale (60%) are cited as important benefits of remote work by managers, along with reduced commuting time and stress (54%), enhanced work-life balance (53%), increased productivity (35%), and an enlarged talent pool (30%).

(FlexOS)

Reasons People Seek Flexible Work 

Research by McKinsey & Co.

By McKinsey & Co. survey, 52% of people prefer a hybrid working model after the pandemic, while only 30% of people expect that pre-pandemic.

(McKinsey & Co.)

Research by FlexJobs

Also, an annual survey made by FlexJobs shows that 80% of employees prefer to work more flexibly, which will also increase their loyalty to the company because of remote working.

Work-life balance (75%):  
-They have more flexibility to take a better balance between their work and their lives; therefore, they can decide the spend more time enjoying their life. 
 
Family (45%): 
-They have more time to stay with their family members, even during working hours. 
 
Time savings (42%):  
-|They can save time for travel to the workspace and more time to rest. 
 
Commute stress (41%):   
Remote work allows them to work on their own terms and out of the constant supervision of their supervisors, therefore they can work with much less stress.

(FlexJobs)

Research by Ergotron

One thousand full-time employees were sampled for Ergotron research. It was discovered that the hybrid workplace model has given employees the power to recover their physical health, and they are also experiencing benefits for their mental health as workers become more accustomed to hybrid and remote office environments since the start of Covid-19.

Overall, 56% of workers mentioned increased physical exercise, better work-life balance, and improved mental health.

“Promoting health and wellness among employees can improve well-being and productivity,” said Chad Severson, CEO of Ergotron.

“Over the past two years, employees have adapted to the hybrid and remote work landscape—and they now prefer it. As employers look to attract and retain talent, focusing on practices that promote well-being and help employees thrive wherever they work will be critical.”

  • Job Satisfaction. It’s crucial to keep practicing flexibility. The majority of workers (88%) concur that having the option to work from home or the office has improved their level of job satisfaction.
  • Physical health. The hybrid workplace has given workers the power to regain their physical well-being. 75% of respondents said that when they work remotely, they move about more and engage in more active work.
  • Work-life balance. According to 75% of respondents, remote or hybrid working has improved their work-life balance.

    Even though some employees are spending more time at work, they claim that a better work-life balance has a favorable impact on their ability to balance work with other facets of their lives.
  • Comfortable work environments. Improved workspaces with ergonomic furniture are crucial and boost corporate culture, according to 62% of the workers questioned.

(Ergotron)

Current and Anticipated Employee Work Locations for Remote-Capable Jobs

Prior to the pandemic, just 8% of remote-capable employees worked entirely from home, with around one-third having a mixed work arrangement.

Then the epidemic struck, forcing the great majority of remote-capable individuals to work from home in some form – as many as 70% worked entirely from home in May 2020.

Time travel to February 2022. Most remote-capable employees continued to work from home at least part of the time, but the divide remained virtually even: 42% maintained a hybrid schedule, and 39% worked totally from home.

(Gallup)

Estimated Remote Workforce by Industry

According to survey respondents, the average percentage of employees working remotely prior to COVID was only 16%.

Since then, that number has increased to 65%, with the majority of workers in the professional services (89%), information technology (88%), and financial services and insurance (74%) sectors working from their dining tables.

(greatplacetowork)

Percentage of people in America who work remotely full time

Nearly two years into the COVID-19 pandemic, roughly six-in-ten (59%) of U.S. workers say their jobs can primarily be done from home work from home all or most of the time. According to a new Pew Research Center survey, the vast majority of these workers (83%) were working from home before the omicron variant spread in the United States.

(pewresearch)

Percentage of U.S. work teams/departments that plan to work remotely in 5 years with comparison to pre-pandemic

“More than 20% of the workforce could work remotely three to five days a week as effectively as they could if working from an office. If remote work took hold at that level, that would mean 3 to 4 times as many people working from home than pre-pandemic and a profound impact on urban economies, transportation and consumer spending, among other things.” — “What’s Next for Remote Work”, McKinsey & Company, November 23, 2020

(weforum)

Frequency of working from home before the coronavirus pandemic in APAC

In a survey conducted in October 2020, prior to the implementation of remote work due to the coronavirus pandemic, 36% of respondents from the Asia-Pacific area claimed to work from home at least once each week.

(Statists)

WFH Frequency – Before and Post COVID-19

In the Stantec survey, 90% of respondents said they work from home more than four days each week. Before any North American government issued orders to stay at home, Stantec required remote work for all of its employees.

In a week, more than 19,000 workers had to switch to remote work in order to protect our staff and stop the virus’ spread.

The fact that more people are choosing to continue working from home after the epidemic may not come as a surprise to you. The typical respondent may work from home an extra day per week compared to their pre-COVID-19 habit, based on the self-reported frequencies in our survey.

(Stantec)

Remote Work Saves Commuting Time

Americans who are working from home have reclaimed 60 million hours, e.g. around 68,447 years, which means each American can saves 1.8 hours per day that used to spend commuting to an office each day.

They’re now using that time to get more sleep instead.

(Bloomberg)

Hybrid Workers Will Change Jobs for Flexibility, but Won’t Give Up Salary

Remote flexibility has become the norm. Remote-capable employees are willing to change jobs for it, but they are unwilling to give up more money in exchange.

More than 56% of remote capable employees will not give up any percentage of their salary for work location flexibility.

(Gallup)

Remote Teams Are More Engaged Than Office Workers

Remote workers consistently meet and exceed objectives, identify new processes, and contribute to company culture in the same way that anyone in a traditional brick-and-mortar setting does. In fact, they tend to achieve more.

According to a Stanford University two-year research, remote employees are, on average,

  • 13.5% more productive than their office-based counterparts.
  • 9% more engaged in their jobs.
  • 50% less likely to quit.  
ONES – All-in-one smart office system

People movement

People movement in the U.S.

Some people have left city centers (e.g. NY and SF) from Feb 2022-Jul 2021.

(Standford)

Global workers’ mindset concerning hybrid work 2021, by category

In 2021, 42 percent of workers expect to thrive in hybrid employment. This demonstrates that over half of the worldwide workforce has an optimistic outlook on the future of work. Notably, 31% of respondents report feeling dissatisfied in this situation. (Statista)

Different generations’ expectations of hybrid working

It may be challenging to find a hybrid model that works for all generations: Three-quarters of Gen Zers (74%) desire more face-to-face collaboration chances, compared to 66% of Gen Xers and 66% of Baby Boomers. (Intuition)

High-growth businesses plan on hybrid working

63% of high-growth businesses use hybrid work models. (Intuition)

The percentage of people who plan to work from home

One survey found that 92 percent of those asked to plan to work from home at least once a week, and 80 percent expect to work from home at least three times a week. (Intuition)

The percentage of the programmer who is practicing hybrid working

85% of developers say their organizations are at least partially remote. (42.98% fully remote, 42.44% hybrid working)

Smaller organizations are most likely to be in-person, with 20% of 2-19 employee organizations in-person.

(StackOverflow)

The percentage of programmers who expects hybrid working after the pandemic

What percentage of programmers work remotely?

47.6% of developers said they expect to work in a hybrid model after the pandemic, while 38.8% said they expect to do fully remote work.

(StackOverflow)

Main challenges in working a mix of remote and in-person worldwide

In 2022, 43 percent of remote employees reported that the most difficult aspect of working remotely and in person was not feeling involved in meetings. (Statista)

For remote leaders’ largest remote work challenges, they answered distractions at home (46%), a lack of face-to-face interactions (37%), and technological or connectivity issues (33%.)

(FlexOS)

Favorite hybrid arrangement

Four out of ten employees say they want complete autonomy to come and go as they choose, while six out of ten want more structure.

There is even less agreement among those six in ten on how to synchronize in-person and remote schedules, with less than a third agreeing on how to define hybrid for their business.

Employee preferences and the appropriateness of hybrid work schedules vary greatly depending on the organization, team, role, and individual. There is no one-size-fits-all solution. What matters is that leaders assess which kind of guidelines work best for their team, given the sort of work they perform, the level of assistance required, and the team culture.

(Gallup)

Number of days per week they come to the office

Four out of every ten employees want to work two to three days each week, although this is far from the majority. Another three out of ten employees would like to spend one or two days per week in the office.

On the plus side, most employees think that spending a reasonable amount of time at work is crucial, and Gallup’s research has consistently shown that work flexibility is optimum for engaging employees and preventing burnout – both before and after the epidemic.

Nonetheless, as organizations shift and adjust to hybrid work, employees’ preferences for office hours will be a crucial measure to monitor.

(Gallup)

Suburban commuters’ transit behavior

People who reside in suburbs and commute to cities experience the highest decline in transit trips (-24%). Consequently, it is likely that respondents who have lengthier transit commutes and other local transportation options will reduce their use of public transportation the most.

People who live in suburbs and work in cities were shown to have the largest increase in working from home (an increase of 3.7 days per month per person). It appears that working from home could replace longer commutes.

According to what we overheard, respondents who reside and work in suburban areas had the least amount of change in all behavioral categories.

This means that metropolitan regions and areas nearby are where most long-term change is expected to take place.

(stantec)


Statistics for Business Leaders

Hybrid work policy decision-makers and their impact on employee engagement

Required attendance policies for hybrid workers are decided by:

  • top leadership of the organization (26%)
  • team managers (24%)
  • work teams (13%)
  • entirely on my own (37%)

The most engaging approach is the least common:

  • An astounding 46% of hybrid employees are engaged at work when their team determines their hybrid work policy — despite only 13% of employees saying their team does this.
  • Employee input is notoriously effective, from collaborative goal setting to innovation — and now in determining hybrid work schedules.
  • The practice of asking team members to collaboratively craft their hybrid work policy is one of the most engaging single work practices Gallup has studied among employees who are returning to the office.

(Gallup)

Lots of executives believe flexible working options motivate employees

Sixty-four percent of CEOs feel that flexible work arrangements stimulate their personnel.

Flexibility and technology in the workplace are important priorities. To improve the workplace, most are considering the usage of health and wellness management applications as well as other hybrid work technologies such as digital and virtual collaboration resources.

For example, 44% of company leaders have activated or are about to activate the metaverse for social interaction, training, and/or recruiting purposes, and 62% have activated or are about to activate health and safety innovations and monitoring, such as indoor air quality, touchless offices, and so on.

(EY)

Women leaders expect more flexibility

49% of women leaders say flexibility is one of the top three things they consider when deciding whether to join or stay with a company, compared to 34% of men leaders.

Women leaders are more than 1.5x as likely as men at their level to have left a previous job because they wanted to work for a company that was more committed to DEI.

(McKinsey and LeanIn)

Additional technological transformation due to pandemic

Based on Fortune surveying CEOs of the Fortune 500, the pandemic crisis, according to 75% of respondents, will push their companies’ technology transformations forward more quickly.

(Fortune)

Top challenges executives expect to navigate

Executives are prepared for a range of employee reluctances. Top worries include worries about health and safety (40%), caregiving responsibilities (38%), and taking public transportation (20%).

(greatplacetowork)

CEO expectation on the percentage of workforce return office

Based on Fortune surveying CEOS of the 2020 fortune 500 list, 26.2 % of CEO expect the percentage of their workforce that return to their usual workplace will never reach back to 90%.

(Fortune)

CEO expectation for the benefits of return office

Collaboration (45%) and camaraderie and morale (61%) are the top two ways executives anticipate that going back to work would enhance corporate culture.

(greatplacetowork)

Workers’ willingness to pursue a hybrid working paradigm is higher among C-suite others than among employees in the United States in 2021

Office occupations have become more flexible since the onset of the coronavirus (COVID-19) outbreak. Working from home has been the norm for many, yet office spaces continue to be popular.

Employees who operate in a hybrid mode might divide their time between the workplace, home, and other locations. According to a 2021 study of 1,000 office employees and 1,000 C-suite employees in the United States, the clear majority of respondents support the hybrid approach.

Meanwhile, a larger proportion (79 percent) of C-suite personnel planned to implement the hybrid approach. According to the same study, over half of respondents would prefer to spend two to four days at work.

(Statista)

C-suite executives plan on hybrid working

In the post-pandemic future of work, nine out of ten organizations will be combining remote and on-site working.

(McKinsey – From December 2020 through January 2021, McKinsey surveyed and analyzed responses from 100 respondents at the C-suite, vice-president, and director level, evenly split among organizations based in Asia, Europe, Latin America, and the United States, and among a variety of industries. Company revenues ranged, on average, from $5.1 billion to $11.0 billion per year.)

C-suite executives’ expectations of hybrid working

The majority of CEOs anticipate that employees will be on-site between 21 and 80 percent of the time, or one to four days a week (for all roles that are not required to be performed on-site). (McKinsey)

Plan of fully remote work vs support hybrid work model

According to a recent survey, just 5% of employers see entirely remote work as a possibility in the future, while 51% prefer the mixed work style. (Intuition)

Pay adjustment for hybrid work model

Over 97 percent of firms said they will not lower compensation for workers who work from home in part. However, 21% would modify pay based on an employee’s contribution and physical location. (Intuition)

Plan to adjust investment levels in the hybrid work model

Plan to adjust investment levels in the hybrid work model

According to a recent poll, 72 percent of respondents in the United States want to invest in virtual collaboration technologies in the future to support their mixed workforce. Zoom, Microsoft Teams, and Miro are examples of virtual collaboration software. These tools enable remote employees to stay connected while working from multiple places.

Tools for virtual collaboration72%
IT infra to secure virtual connectivity70%
Training for managers to manage a more virtual workforce64%
Conference rooms with enhanced virtual connectivity57%
Hoteling applications50%
Conference rooms with enhanced virtual connectivity48%
Unassigned (or hoteling) seating in the office45%
Plan to adjust investment levels in the hybrid work model

(Statista)

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Learning Statistics in a Hybrid World

Advice offered to those selecting a remote work location

Setting limits is the most essential objective for 25% of respondents in a recent study, more than any other conceivable response. This is especially important as burnouts become more common, and balancing private and professional lives is a method to sustain mental health and productivity.

(Statista)

Acquired technologies to safeguard work communications when working from home in 2021

In 2021, 34% of Android and IOS users reported purchasing a WiFi router to safeguard work communications while working from home during the pandemic. Virtual private networks came in second. Mobile applications and mobile device management software are two more technologies utilized for this purpose.

(Statista)

The willingness to Online Learning

57 percent of today’s learning and development professionals anticipate increasing their spending on online learning in the near future.
In a hybrid environment, online learning is frequently given via mobile, with 70 percent of modern-day firms delivering courses via this media.

(Intuition)


Health and Wellness Statistics

One thousand full-time employees were sampled for Ergotron research. It was discovered that the hybrid workplace model has given employees the power to recover their physical health, and they are also experiencing benefits for their mental health as workers become more accustomed to hybrid and remote office environments since the start of Covid-19.

Overall, 56% of workers mentioned increased physical exercise, better work-life balance, and improved mental health.

(Ergotron)

Work-life balance 

During the pandemic, 20% of worldwide employees asked stated their supervisor had ceased caring about their work-life balance, leaving 54 percent overworked and 39 percent absolutely fatigued.

(Intuition)

Productivity

As the hybrid workplace emerges, 40% of individuals feel they can be productive and healthy from anywhere – whether entirely remote, onsite, or a mix of the two.

(Intuition)

Employee Productivity by work location

Remote employees worked 1.4 more days per month, or 16.8 more days per year, on average than those who worked in an office. And they spent more time getting things done on those workdays.

While office workers reported losing an average of 37 minutes per workday to distractions (excluding lunch and standard breaks), remote employees only lost 27 minutes per workday. While remote workers did take more official breaks than office workers, evidence shows that taking breaks leads to higher rates of productivity.

There were only minor differences in the ability to concentrate or focus in and out of the office: 8% of remote workers reported difficulty focusing, compared to 6% of office workers.

Micromanagement, on the other hand, had a significant impact. When employees’ screen and/or mouse time was tracked, 39% of remote employees and 56% of office employees found ways to avoid working. They didn’t always get away with it: 51% of remote employees and 44% of office employees were caught.

(Airtasker)

On the other hand, 66% of managers reported greater productivity, with 48.5% reporting that productivity has ‘significantly improved.’ Only 2% experienced a decline in productivity.

Managers said that their personal productivity has increased (38%) but not reduced (96%).

(FlexOS)

Mental health support

Employee burnout is now a serious problem, with 75% of workers in recent research wishing their workplace provided some type of mental health assistance.

(Intuition)

Feared being surveilled

According to a Capgemini analysis on the future of remote working, around 66 percent of employees in the United States worried about being surveilled by the use of technology when remote working in 2020, which is higher than the global average of 59 percent.

(Capgemini)

Struggles with working remotely

In 2022, 25% of respondents stated that the most difficult aspect of working remotely was not being able to unplug. Because many individuals who work from home do not have a distinct office, they have a conflation of their living environment and workplace. However, more than one-third of respondents said they had no difficulties working remotely.


As a result, remote working professionals underline the significance of developing techniques to balance their personal and professional life. On the other hand, employees report fewer challenges with teamwork and communication in 2021.

This is most likely owing to the rapid development of skills during the 2020 pandemic, which allows them to successfully communicate and interact with others while working from different locations.

(Statista)

Terms you should know

Diversity, Equity, and Inclusion (DEI)

DEI stands for diversity, equity and inclusion.

As a discipline, DEI is any policy or practice designed to make people of various backgrounds feel welcome and ensure they have support to perform to the fullest of their abilities in the workplace. 

Diversity refers to the presence of differences within a given setting; in the workplace, that may mean differences in race, ethnicity, gender, gender identity, sexual orientation, age, and socioeconomic background. 

Equity is the act of ensuring that processes and programs are impartial, fair and provide equal possible outcomes for every individual. 

Inclusion is the practice of making people feel a sense of belonging at work.

(builtin)

Digital nomad

A digital nomad is a person who has the freedom to work from anywhere in the world as long as they have an internet connection and a laptop or mobile device.

Digital nomads leverage technology to create a location-independent lifestyle, allowing them to travel and work remotely. This lifestyle can involve working from home, coffee shops, co-working spaces, or even exotic locations abroad.

Digital nomads are often freelancers, entrepreneurs, or employees of companies that allow remote work. They may work in a variety of fields, such as writing, programming, design, or consulting.

The rise of digital nomadism has been facilitated by the increasing availability of digital tools that enable remote work, as well as the growing popularity of the gig economy.

Many people are drawn to the digital nomad lifestyle for its flexibility, adventure, and opportunities for personal growth. Digital nomads can experience different cultures, meet new people, and have unique experiences while maintaining their careers.

They also have the ability to work on their own terms, choose their own projects, and have more control over their work-life balance.

Further reading on Hybrid working

Treating Remote Employees Fairly in a Hybrid Workplace (by Toptal)

Learn more about productivity in the hybrid working era: https://ones.software/blog/?s=Productivity+

Develop your own hybrid office with our smart office system: https://ones.software/

The post Every C-Suite and Professional Should Know About Hybrid Working Stats in 2023 first appeared on ONEs Blog.

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Smart office statistics & trends you must know in 2023 and onwards https://ones.software/blog/2022/12/03/smart-office-statistics-trend/?utm_source=rss&utm_medium=rss&utm_campaign=smart-office-statistics-trend Sat, 03 Dec 2022 08:24:00 +0000 https://ones.software/blog/?p=1308 All you need to know about smart office statistics and trends.

The post Smart office statistics & trends you must know in 2023 and onwards first appeared on ONEs Blog.

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A smart office is a work environment in which innovation enables employees to work flexibly, faster, and smarter. This article explains all you need to know about smart office statistics and trends.

Sensors, electronic devices, and versatile applications help employees complete tedious tasks faster and better, giving them more time to do creative work in organizations. Smart office technology makes jobs more efficient and flexible with the help of network-based devices.

Cloud storage, schedule management, improved customer satisfaction, risk management, resource utilization, and high investment returns are just a few of the advantages of smart offices.

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General Statistics

Smart Office Market Outlook

Smart Office Market 2020 – 2030

The global smart office market was valued at $31.37 billion in 2020 and is expected to reach $90.63 billion by 2030, growing at an 11.1% CAGR between 2021 and 2030.

(alliedmarketresearch)

Smart Office Furniture Market

The smart office furniture market share is expected to increase by USD 85.11 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 8.78%.

During the forecast period, North America will account for 47% of market growth. The smart office furniture market in North America is mostly concentrated in the US and Canada. The market in this region will expand more slowly than markets in other regions.

(technavio)

Lots of employers invest in hyperlocal offices to promote a return to the office

Since the pandemic, 64% have leased or are contemplating leasing suburban office space.

Employers have responded to the pandemic’s deurbanization of the workforce by investing in hyperlocal workplaces to encourage workers to return to the office. Employers think that the connection employees have within the actual workplace is worth the expenditure.

In addition to predictable flexibility, employers are investing in various routes to attract employees to come into the office, such as in-person activities (50%), offering lunches (45%), reimbursement for commuting costs (38%), and childcare assistance programs (33%).

(EY)

Segment Overview

Europe dominated the smart office market in 2020 and is expected to grow at a rapid pace during the forecast period, owing to the expansion of the retail and hospitality sectors. However, Asia-Pacific is expected to grow at a faster rate than Europe by the end of the forecast period.

Leading manufacturers in the smart office market, such as Honeywell International Inc., Cisco Systems, Inc., and Siemens AG, are focusing their investments on more technologically advanced, cost-effective, and secure products and solutions for various applications.

(alliedmarketresearch)

Top Impacting Factors

The increasing need for energy efficiency, as well as supporting industry standards and regulations, are major factors influencing the growth of the smart office market.

Furthermore, the smart office market is being driven by the growth of the IoT market and its applications. However, the high initial investment limits market growth. On the contrary, the evolving smart city market is expected to generate lucrative opportunities for the market.

(alliedmarketresearch)

COVID-19 Impact Analysis

The COVID-19 outbreak has had a significant impact on the electronics and semiconductor industries. Due to an increase in the number of COVID-19 cases, business and manufacturing units in various countries have been closed and are expected to remain closed in 2021.

Furthermore, the partial or total lockdown has disrupted the global supply chain, making it difficult for manufacturers to reach their customers.

The COVID-19 pandemic is having a global impact on society and the economy. The impact of this outbreak is growing by the day and is affecting global business.

Manufacturing unit shutdowns in Asian and European countries have resulted in significant business and revenue losses. The outbreak of the COVID-19 disease has had a significant impact on the operations of the production and manufacturing industries, which has hampered market growth.

(alliedmarketresearch)

Technology helps

Using voice, video, and content sharing to communicate with distant parties, 74% of APAC respondents do so.

60% of APAC respondents said they would use collaboration technology if made available in small meeting rooms.

(Polycom)

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Office Data Insights

The most useless thing in the post-pandemic office

What’s the most useless thing in the post-pandemic office?

What’s the most useless thing in the post-pandemic office?

Based on The Economist poll, 76% of respondents think that Landline desk phones are the most useless thing in the post-pandemic office, while only 10% of them think meeting rooms are useless.

(Source)

Cost of running an office space for 100 employees

 The cost of running an office space for 100 employees (totaling a complete office space of 20,000 sq. foot) in:

  • New York could cost as much as $4 million annually,
  • London, it could cost $3 million annually,
  • San Francisco $2.8 million annually and,
  • Madrid $1.5 million annually.

(ronspotflexwork)

In Singapore, the median rent for traditional office space in Singapore in the first three months of 2021 ranged between $2.51 and $7.95 per square foot per month, with a total of 665 leases signed, according to data made public by the authorities.

Accordingly, a typical office space of 20,000 square feet would cost between $60,2400 to $1.9 million per month.

(officefinder)

The ratio of office room to people

With no fixed seats (such as activity-based working or hot-desking) and 80–150 square feet allotted for each employee, high-density workplaces are typically flexible work environments.

Workplaces with an average staff density (150–250 square feet) typically have a standard office design with a mix of individual workstations and private offices.

The typical conference room-to-employee ratio in workplaces with higher densities is 1:10, whereas it is more like 1:20 in offices with dedicated workstations.

(iofficecorp)

Office Type: retrofit and new construction

The market has been divided into two categories: retrofit and new construction. By 2025, the retrofit segment is expected to generate the most revenue. The growing need for energy-saving technologies in retrofitted offices can be attributed to the segment’s growth.

Over the forecast period, the new construction segment is expected to grow significantly. Modifications or new system implementations may be limited in a retrofit office. However, new construction allows for greater flexibility in implementing new systems.

(grandviewresearch)

Average office occupancy

After two years of covid ance and mainly flat leasing, the worldwide office providers interviewed for the MatchOffice Industry Survey 2022 in May express their considerable optimism about the market future generally.

The respondents from North America had the highest expectations; of them, 46.6% think things will turn out well, and 39.1% are excited about the outlook for the office rental market after the pandemic.

Comparatively, the figures for European providers reveal 41.2% and 35.1%, while 32.8% and 31.7%, respectively, are slightly below projections for Asian providers.

In Sweden (72.1% and 17.5%), Germany (65.2% and 21.1%), the Netherlands (77.3% and 10.1%), and Denmark (45.9 and 33.4%), office landlords in Europe are currently quite optimistic about the market.

MatchOffice Industry Survey )

The pandemic had a severe impact on U.S. commercial real estate (CRE), with vacancy rates skyrocketing in all key sectors, including multifamily, industrial, retail, and office, in the early stages of the health catastrophe.

Rent and price rises were also hampered by deteriorating fundamentals. These pressures, however, were short-lived for the industrial and multifamily sectors, as they saw their vacancy rates reverse course and drop to far lower levels than they were before the epidemic.

On June 22, the commercial vacancy rates are mostly below the pre-pandemic level, except for the office sector.

(economics.td.com)

Office occupancy compared to last year

More than 45% of respondents report their office occupancy is higher than last year (2021). 23.1% of them had the same occupancy in 2021.

MatchOffice Industry Survey )

U.S Office Vacancy Rate

Due to a significant shift in the labor force toward remote work during the pandemic, office foot traffic was significantly reduced.

Although wealthy tech behemoths expressed interest in prime office spaces, the epidemic significantly curbed most firms’ desire to sign new office contracts. Two years into the pandemic, the office sector’s vacancy rate has moved sideways after peaking at 12% in mid-2021, making little improvement.

(economics.td.com)

Readiness of cutting office space

Firms are currently not planning to cut office space too much.

In the US, the impact of COVID only reduced 1% of office space, while 10% of office space has been diminished in the UK.

(Stanford)

Meeting room demands

According to new data from Coworker.com, global meeting room demand within flexible office spaces is up 73% from 2020. 

(Coworker.com)

A survey by Randstad US and Future Workplace found that 80 percent of workers say virtual communication has made them more reactive than strategic in their daily work.

Especially for new employees, pointed out that they need a face-to-face conversation with an experienced in a meeting room to have an immediate solution to their problems. 

(Randstad)

ONES – All-in-one smart office system

Conferences Insights

The average number of video conferences 

Most video conferences occur in the marketing and advertising industry, where each worker attends 20.9 sessions on average per month.

Followed by businesses in the travel sector, which hold an average of 11.1 meetings every month. Tech firms, with an average of 10.5 meetings each month, are in third place.

In general, businesses tended to follow the same pattern: a rapid increase following the epidemic, followed by a gradual decline, maybe as they started relying more on asynchronous communication to counteract the tiredness caused by video conferencing.

Companies in the top end of the mid-market segment with 751 to 1,000 employees saw a more consistent downward trend with fewer rises.

In a similar vein, enterprise enterprises with 1,001 to 10,000 employees initially increased before declining in the Fall of 2020 and then peaking once more in March of 2021.

Larger businesses employing more than 10,000 workers experienced a delayed increase, which peaked in May 2021:

(dialpad)

Time spent in video conferences

Video conferencing is used by 46.15% of respondents for less than four hours per week, and by 36.98% for four to twelve hours.

According to this, 83.13% of people attend meetings for no more than 12 hours every week. The 4.73% who spend more than half their week working, on the other hand.

(dialpad)

Number of Meetings vs. Number of Attendees

The information we gathered indicates that gatherings are smaller than you might anticipate.

Meeting rooms were frequently only used by one person in the roughly 6,000 meetings that “Density’s Mid-Year 2019 Workplace Utilization Index” examined during the busiest times of the day.

(Density)

Usage By Meeting Group Size

The report “Density’s Mid-Year 2019 Workplace Utilization Index” exemplifies the significance of monitoring space consumption as a way to enhance meeting room allocation. The research reveals inconsistencies between meeting rooms’ actual usage and their design:

  • Meetings with two to four participants made up about 40% of all meetings.
  • Only 6% of meetings had more than 10 participants, while 85% of meetings had less than seven attendees.
  • Even the largest gatherings rarely occupied more than 45% of the available space.

(Density)

Cost of Meetings

Cost of Meetings
Cost of Meetings

An hour-long discussion with five participants (ranging in rank from specialist to director) costs $338 USD in salaries.
All of those video calls cost money as well. The time lost on useless ones will still cost each employee $1,250 every month.

(booqed)

Methods to Connect

Despite technology’s dominance, physical connection still has value, especially now that face-to-face interactions are limited because of the pandemic. Face-to-face meetings are preferred above alternative formats by 76% of professionals.


They believe that critical decisions are simpler to make. They also concurred that meeting in person improves their comprehension of the recipient party.

  • Conferencing is preferred by 7%.
  • 5% favor video calls.
  • 4% favor email/instant messaging.

(Doddle)

Meeting Room Insights

Time wasted when finding rooms

Time wasted when finding rooms

40% of employees say that they waste half an hour per day looking for meeting spaces.

(WSJ)

Meeting room utilization

Meeting room utilization
Meeting room utilization

Although 53% of conference room space is designed for groups of seven or more, 73% of meetings only involve two to four persons.

(WSJ)

Unused Space in Meeting Rooms

Based on the report “Density’s Mid-Year 2019 Workplace Utilization Index“, small rooms (2-4 people) are seldom wasted by people, while over half of the extra large rooms (13+ people) have been wasted.

(Density)

Exceed Capacity and Wasted Space

According to the research in “Density’s Mid-Year 2019 Workplace Utilization Index“, the largest meeting rooms might be cut in half and still accommodate the daily needs of the workforce.

This translates to an annual waste of space costing close to $1.4 million across 100 rooms with 400 square feet each built for 20 people.

An additional $2.8 million may have been saved during the first fit-out.

Over the course of six months, the combined capacity of large and extra-large conference rooms was exceeded 24 times, each time for just over 30 minutes. Or, to put it another way, for a total of 14 hours over the course of six months, these rooms were crowded. These are mainly used for a board meeting or training sessions.

Density suggested that it’s possible that extra-large meeting rooms go unused. However, you truly need them when you need them. Take into account tightening schedules and condensing down to a minimal number of extra-large places.

(Density)

Guidance for sizing spaces

According to the research in “Density’s Mid-Year 2019 Workplace Utilization Index“, despite being intended to accommodate much more people, the data clearly demonstrates that conference rooms were frequently only used by one person. In contrast, meetings with more than 10 participants were rarely held in spaces designed for that many people.

Density has suggested some clear guidance for sizing spaces to achieve higher workplace utilization if you have 10 meeting rooms for people based on the data:

(Density)

ONES – All-in-one smart office system

Regional Insights

General CAGR

Because of its large customer base and well-established manufacturers, the North American region is expected to dominate the market over the next eight years. The region generated the most revenue in 2016, and it is expected to grow at a CAGR of more than 10% between 2017 and 2025.

Because of the presence of growing economies such as China and India, the Asia Pacific region is expected to see a significant shift in its growth, with a CAGR of more than 19% from 2016 to 2023.

Growth in the service sector in these economies is expected to lead to an increase in the number of offices in the region, necessitating the establishment of smart offices from 2016 to 2023.

Over the forecast period, the South American market is also expected to grow significantly. Various factors, such as increased Internet and wireless network penetration, are expected to drive the regional market for smart offices.

(grandviewresearch)

Asia Pacific (APAC) region

The Asia Pacific (APAC) region will have the highest CAGR in the smart office market.

During the forecast period, the APAC market is expected to grow at the fastest CAGR. The adoption of energy management solutions to reduce associated costs, as well as the implementation of security and lighting management solutions in workplaces, are driving the growth of the APAC smart office market.

(marketsandmarkets)

Product Insights

10+ Smart Office Options to create the best workplace experience

After the pandemic, there has been a significant amount of change, much of it negative, but there have also been some positive changes, particularly in the office area.

With the advent of the smart workplace and all its advantages, the dullness of the conventional, drab office is finally being challenged.

  1. Hot desks
  2. Conference/ Meeting Rooms
  3. Internet of Things (IoT) solutions
  4. Visitor management system
  5. Modern video monitoring
  6. Smart climate and lighting control
  7. Cloud-based smart office system
  8. Gamification
  9. Indoor 3D maps
  10. Voice Control
  11. Cybersecurity

The market for new construction offices to grow with the highest CAGR 

Between 2017 and 2023, the new construction office type is expected to grow at the fastest CAGR. New construction offices offer the advantage of designing and implementing smart office solutions early in the construction process, resulting in lower operational costs and more efficient use of available resources.

(marketsandmarkets)

Opportunity in evolving cloud-based environment of IoT platforms

IoT is a technology that stores, manages, and analyzes data in real time. Cloud platforms provide a cost-effective and easily deployable alternative to building on-premises data centers.

While IoT is all about connected devices that generate a large amount of data, cloud platforms allow analytics to extract value from that data. Cloud computing technologies enable smart office solution providers to connect workplace management systems installed in the control center to IoT-enabled devices. This capability will enable end users to quickly and affordably build an IoT-based sense and response system.

The cloud platform is a secure platform for the storage and computation of large amounts of data. Furthermore, the cloud can provide a unified platform for managing the service life cycle and organizing deployment.

The emergence of IoT Platform as a Service (PaaS) has increased the deployment opportunities for IoT solutions across the workplace infrastructure.

The cloud platform can aid in the deployment of various applications that offer workplace management authorities new methods of connecting traditional information systems to IoT-enabled devices.

(marketsandmarkets)

ONES – All-in-one smart office system

Definition

Space occupancy

occupied square footage/total workspace square footage = space occupancy rate

Simply divide the occupied floor space by the total floor space to determine the space occupancy rate (this means excluding restrooms, pantries, and other non-workable areas, but includes meeting rooms).

Space utilization

occupancy/ capacity = space utilization rate

Space utilization is your building’s occupancy divided by its capacity. It is seen by how frequently workers use a specific area.

Utilization can be both a static and a dynamic metric. For instance, you may assess how well a room is being used right now or over the course of a few days, weeks, months, or even hours.

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Hybrid work trends in Indonesia a business leader needs to know in 2023 and onward  https://ones.software/blog/2022/12/01/indonesia-hybrid-work-trend/?utm_source=rss&utm_medium=rss&utm_campaign=indonesia-hybrid-work-trend Thu, 01 Dec 2022 02:35:29 +0000 https://ones.software/blog/?p=2724 All a business leader needs to know for hybrid work trends in Indonesia.

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In 2022, hybrid or combined work methods, such as working remotely and working in an office, have become a trend in Indonesia.  

Many Indonesian companies have developed appropriate work guidelines for each employee to implement hybrid work. This is because entrepreneurs believe that a hybrid approach to work can have many positive effects on employee performance and well-being.  

This article will show what business leaders must recognize how, when, and where we work are no longer constrained by traditional notions of time and space in this new hybrid working era. 

What is Hybrid work? 

Hybrid work is an approach that takes into account the individual’s needs, whether they’re at home or at the office. Our platform enables people to work from any location, and move between sites as needed. 

Many organizations see hybrid work as the evolution of remote working, allowing employers to better integrate remote working into overall business processes while providing comparable work experience for remote workers. 

In addition, the Indonesian government may further implement a “work anywhere” (WFA) policy for its employees to support hybrid work. 

What is Work From Anywhere (WFA)?  

The Indonesian government is planning to implement a more flexible work system for civil servants, allowing them to work anywhere in the future, the new approach is named as Work From Anywhere (WFA)

WFA is not required employees to work in a specific location, such as a home or office, and they don’t have mandatory office hours. This means that employees have flexible work locations and flexible working hours. 

Work From Anywhere in Indonesia

Ministries and government agencies are developing new frameworks to accommodate this new policy. Although the program is still in its preliminary stages and the Indonesian public authorities have not yet announced whether they will allow employees to work outside of the country, there still most employees prefer hybrid work. 

However, there are some jobs that are not suitable for hybrid work, for example, medical staff or firefighters as they cannot be able to work anywhere.

The application of WFA was intended to increase the effectiveness of ASN performance and provide efficiency to government bureaucracy…The important thing is that performance and targets are achieved,

Satya Pratama, the Head of the Legal, Public Relations, and Cooperation Bureau of the Administrative and Bureaucratic Reform Ministry.

 

Hybrid work is preferred across ASEAN markets

The Cisco study highlighted that hybrid work is now preferred by many employees across ASEAN markets:

  • Indonesia – 84%
  • Singapore – 71%
  • Malaysia – 74%
  • Vietnam – 76%
  • Thailand – 69%
  • The Philippines – 60%

The support for hybrid work extends beyond employees as well — with 90% of employees saying their employers have been supportive of hybrid working. In particular, 46% said their employers have been supportive, while 44% said their employers have been very supportive.

(Cisco)

Why do Indonesians prefer hybrid work? 

Microsoft’s report, “Great Expectations: Making Hybrid Work Work ” shows that as many as 48 percent of employees in Indonesia say they prefer to prioritize health and well-being over work.  

As hybrid work allows the employees to work everywhere and work in a flexible work period, this gives them more flexibility to make them balance life and work.  

Why should take care of Indonesian employees’ needs?  

Wahjudi Purnama, Modern Work & Security Business Group Lead of Microsoft Indonesia, pointed out that the challenge for every organization is to be able to meet the expectations of its employees, otherwise, 66% of workers in Indonesia would quit their jobs and more likely to consider switching to remote or hybrid work systems. 

Hybrid work improves employees’ performance 

According to the Cisco report, hybrid work has been able to improve the quality of work of employees in Indonesia by up to 56.4%, and employee productivity also increased by 53.4%. 

Furthermore, the hybrid work method increases the knowledge and work skills of employees by 58.7%. Meanwhile, employee relations and attitudes at work increased 46.8% with the hybrid work method. 

Hybrid work improves employees’ welfare

In the Microsoft study, 62.5% of respondents admitted that adopting a hybrid work approach had improved their well-being. 

More importantly, as many as 87% of respondents are able to save money by working with a hybrid work style because they do not have to go back to the office as often. Even 92% of respondents admit that the hybrid work approach has allowed them to spend more time with their families, improving their relationships with them. 

Then, 85 percent of respondents said the hybrid approach made them happier and motivated them to take on their work roles. There are 64% of respondents felt that the hybrid work approach had a positive impact on their physical health. 

Why employers would like to implement hybrid work? 

Satya Pratama, head of public relations at the Indonesian National Civil Service Agency, says the flexible working program is designed to improve performance and job satisfaction.  

In fact, at least a dozen companies in Indonesia, mainly start-ups, have already adopted at least part of this WFA approach. They all report that hybrid work has many benefits for them. 

Increases the production growth rate of companies   

A survey from the famous consulting firm Accenture found that 83% of workers in Indonesia prefer a hybrid model for work. It also found that over 67% of companies have high business growth after switching to a work-from-anywhere model.  

Meanwhile, the majority of companies remain focused on where people are going to work physically, and they are ‘no-growth’ in their businesses.  

Reduce business operating costs 

Some data suggests that only about 48.9% of startups will survive in 2021. According to data published by the Indonesian Venture Capital Association (Amvesindo) on the IDX channel, up to 10-15% of startups may also face closure due to a lack of competition. 

The Co-Office is a shared office that supports WFA and offers a variety of flexible working facilities (such as desk rotation), lounge areas, and silent cubicles, in addition to any traditional office.

The use of rotating desks reduces the cost of purchasing fixed desks and reduces the need for startups and SMEs to have huge space requirements and pay high rents. 

Increase employees’ emotional and mental well-being 

Based on Cisco’s report, 60.8% say hybrid working makes their stress levels have decreased because a hybrid workplace provides a work environment less pressurized (26.5%) and greater flexibility (25.7%) to them. 

If employees work happier, this can help them to more engage with their work, and then the quality of work would be increased. Moreover, they would not like to resign from their jobs. So, hybrid work also helps companies to retain talent. 

That’s why entrepreneurs believe that a hybrid approach to work can have many positive effects on employee performance and well-being.   

Who has implemented hybrid work in Indonesia? 

Just in Jakarta, there are already 3,964 companies have implemented the WFH policy. Here are some examples of these companies: 

Amar Bank: It is one of the companies that can be said to be the first of companies in implementing WFA. They have a complete hybrid work system to improve the quality of work and employee welfare. 

Blibli: It is a well-known Indonesian e-commerce company that focuses on building good business ecosystems for consumers and organizations. They noticed an increase in productivity after most of their employees worked from home.   

Efishery: It is a company engaged in aquaculture, and they found that hybrid work actually increased the company’s productivity. Therefore, they decided to go to WFA forever.   

Microsoft Indonesia: They have developed different flexible working arrangements for their employees, such as offering virtual meditation sessions and set break time after meetings, to ensure that employees can continue to provide high productivity. 

More companies support hybrid work:10 companies that implemented hybrid working in Indonesia – ONEs Blog 

Challenges to implementing hybrid work 

Currently rebuilding social capital also looks different in the hybrid world. Wahjudi noted that as many as 49% of Indonesian leaders say that relationship building is the biggest challenge in the hybrid work era. 

Furthermore, Microsoft’s survey also found that corporate leaders need to make the office feel worth commuting. Because, as many as 41 percent of hybrid employees in Indonesia said their biggest challenge was knowing when and why they had to come to the office. 

On the other hand, only 40 percent of leaders have made a team agreement to define these new norms. 

Some companies still not prepared for hybrid work due to misunderstanding

Based on Cisco’s survey, only 25% of employees feel their employer is ‘very prepared’ for a hybrid working future. 

Actually, nearly 72% believe their manager trusts them to be productive when working remotely and over 60% believe their colleagues can be trusted to work remotely. 

General hybrid working data 

Opinions for networking Infrastructure  

67% say suffering connectivity issues on a regular basis is career-limiting for remote workers. 

72.1% say their company currently has the right networking infrastructure. 

93.2% say networking Infrastructure is essential for seamless working-from-home experiences. 

(Cisco) 

Opinions for cybersecurity  

85.9% feel cybersecurity is critical for making hybrid working safe. 

72.5% think business leaders are familiar with the cyber risks of hybrid work. 

69.3% believe their organization currently has the right capabilities and protocols in place. 

65.9% think employees in their company understand the cyber risk. 

(Cisco) 

Less commuting expenses and allowances 

86.5% of employees say they saved money in the past 12 months; the average is US$112 a week / US$5,824 a year.

In the same meaning, hybrid work helps their average income increase by 13.3%. Therefore, employers can save lots of travel allowances for their staff. 

(Cisco) 

Employees prefer to work virtually 

In Indonesia, 62% of employees are willing to use digital immersive spaces for meetings, up from 52% globally. 

Leaders consider redesigning their workplace 

54% of leaders are currently redesigning meeting spaces for hybrid work, or plan to in the year ahead.  

 (Microsoft) 

Hybrid work helps to build a new meeting etiquette 

Despite 43% of remote employees and 44% of hybrid employees saying they do not feel included in meetings, just 27% of organizations have established new hybrid work meeting etiquette. 

(Microsoft) 

Gen Z and Millennials seeking for flexible work 

53% of Gen Z and Millennials in Indonesia are likely to consider changing jobs if cannot work flexibly this year. 

(Microsoft) 

Directors are planning to change the work style of their companies 

60 percent of leaders in Indonesia say their companies plan to return to full office work next year, higher than the global figure of 50 percent.

However, 66 percent of workers in Indonesia are more likely to consider switching to remote or hybrid work.

More information for hybrid working 

Stanford economist explains why need hybrid work: Stanford economist tells what can be learned from the winners of hybrid plans – ONEs Blog 

How to optimize your hybrid workplace for 2023: Optimize your hybrid workplace for 2023 – ONEs Blog 

What equipment do hybrid workers need in 2023?: What equipment do hybrid workers need in 2023? – ONEs Blog 

ONES is one of the famous all-in-one smart office systems that can help you to easily implement hybrid working at ease.  You can easily perform virtual meetings, desk hoteling, and digital office management with our Room Booking, Desk Booking, and Visitor Management features.     

Feel free to contact us for more detail to implement your hybrid office!  

Contact us: hello@ones.software, or visit ONES Software official website for more information: https://ones.software/id.   

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Executives at Europe’s Largest Bank try for Hot Desking https://ones.software/blog/2022/11/04/executives-at-europes-largest-bank-try-for-hot-desking/?utm_source=rss&utm_medium=rss&utm_campaign=executives-at-europes-largest-bank-try-for-hot-desking Fri, 04 Nov 2022 02:16:13 +0000 https://ones.software/blog/?p=2385 Europe Banking giant has confirmed that hybrid working is the thing the whole bank will embrace, with hot desking and open-plan floors.

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Employees at US banks like Goldman Sachs Group Inc. are aware that their bosses want them back in the office. However, a large number of their coworkers at European companies work half of the time from home (WFH).

Banking giant HSBC has confirmed that hybrid working is the thing the whole bank will embrace, with hot desking and open-plan floors.

The banks’ big bosses claim that connection and flexibility are the key differentiators.

Banks in Europe that stick to working remotely

Bloomberg’s poll of 12 leading European banks revealed that one of them still permits staff to work remotely one day each week.

According to a source, UBS Group AG even views its use of hybrid working as a potential to hire brilliant personnel from US rivals.

According to a spokeswoman for the Swiss bank, which is devoted to giving employees the choice of hybrid working, roughly 75% of employees have jobs that allow for the necessary flexibility.

Similar to Societe Generale (SocGen) SA in France, Banco Santander SA in Spain, and ING Groep NV in the Netherlands, all of these companies acknowledged workplace flexibility as a factor in their success in luring and keeping top people.

Hot desking helps cut off costs

Banking giant HSBC also confirmed that top managers in its Canary Wharf HQ have lost their offices and will have to hot-desk on an open-plan floor, BBC reported.

HSBC Boss Noel Quinn said the whole bank was embracing “hybrid working” and he would no longer come in five days a week. “My leadership team and I have moved to a fully open-plan floor with no designated desks.”

Being in a prominent city’s top location is quite expensive and hurts income. The banks would see much more free cash flow if the cost of office space could be drastically reduced.

The acceptance that many people desire to work remotely part- or full-time for a variety of reasons is the other motivator. The previous year served as a test case that demonstrated it is feasible to run a corporation with a sizable portion of the personnel working remotely.

The one also going toward a hybrid strategy is Lloyds Bank.

Over the following two years, office space will be reduced by 20% as a result. About 77% of Lloyds’ 68,000 workers expressed a desire to work three or more days each week from home, prompting the company to make the decision.

How to implement your own hot desking? Learn more: ONES All-in-one smart office system

Flexibility depends on the role

After this month’s US Labor Day holiday, the company and rival Morgan Stanley started withdrawing some of their remaining Covid-19 mitigation efforts. Goldman executives made it clear earlier this year that they wanted employees who complied with the COVID regimen to work from the office.

The company, led by CEO David Solomon, has taken the initiative to persuade its highly compensated workers to return to full-time office work.

Attaining the objective of getting employees back to the office “is not contradictory with the desire to provide our staff with the flexibility they need,” Solomon said on an earnings call last year.

The degree of flexibility varies between professions and roles in Europe, with merchants being more office-bound than information technology professionals.

However, the policy of Deutsche Bank AG, which permits staff to work remotely up to 40% of the time, appears to be the standard.

Want to try hot-desking in your office? Contact us: hello@ones.software, or visit ONES Software official website for more information: https://ones.software/

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How much can a Singapore company save by using hot desking? https://ones.software/blog/2022/10/28/how-much-can-a-singapore-company-save-using-hot-desking/?utm_source=rss&utm_medium=rss&utm_campaign=how-much-can-a-singapore-company-save-using-hot-desking Fri, 28 Oct 2022 07:17:05 +0000 https://ones.software/blog/?p=2199 This article reveal the secret of the hot desking that can help thousands of Singapore company from financial crisis.

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The world economy is in a “disequilibrium phase” characterized by unfavorable growth and inflation, and a worsening from here “cannot be ruled out.”, according to Singapore’s central bank.

Lots of Singapore companies are considering reducing operational costs and pulling back business spending in order to face the tightening financial conditions. Hot desking is one of the arrangements that can help to save your daily expenses.

Flexible work in Singapore

The ministry of manpower in Singapore recently published the “Tripartite Statement on Flexible Work Arrangements(FWA)”, which encourages companies to sustain and promote flexible work arrangements as a permanent feature of the workplace.

One of the reasons for implementing FWA is it can allow employees to work more flexibly. This can not only allow people to achieve work-life balance but also help companies to retain talents and improve productivity.

Another reason why flexible working stays in Singapore is that it can highly reduce operational costs.

Hot desking save your operational cost

Office space is likely one of your businesses’ largest investments. However, office resources are usually wasted due to low utilization and misuse such as no-shows. The data from Inc. shows that as much as 40% of an office’s dedicated desk space is unused on a given day.

A flexible work approach is a much more attractive prospect when it comes to budgeting. The least expensive and most flexible solution for flexible working is hot desking.

Hot desking can reduce their office operating costs by 30% while saving 15% to 25% on the amount of space they require. You just show up and take the first position that opens up, so look for a location that isn’t really busy so that you have no trouble grabbing a seat.

For unlimited access, budget $200 to $500 per month; if you only need it sometimes, choose day tickets. Dedicated desks, where you can keep your excess items and an external display, start at $400 per month.

When fewer people are required to work in physical offices each day, savings from utilities like heat and electricity can be also spread and put toward a strong digital infrastructure.

Mr. Chen Chun-You, a Singaporean tech entrepreneur who founded the e-payment service Sapphiro, said flexible working can help him to rent prime housing at a lower rate in a remote place.

Meanwhile, his company income would not be reduced as the online management platforms support the company to still work in high efficiency.

How much can you save when using hot desking in Singapore?

Based on the article from Officefinder, according to data released by the authority, in the first 3 months of 2021, the median rent for traditional office space in Singapore was between $2.51 and $7.95 per square foot per month with a total of 665 leases concluded.

That means an average office space with 2,000 square feet that can contain around 10 employees in Singapore will cost around $5,020 to $15,900 a month. When compared to the previous quarter in 2020, the number of office leases increased by 10.46% in Q1 2021.

Therefore, if a company that has around 10 employees is willing to implement hot desking, it can save on average $9,036 to $28,620 in office operating costs per year.

In conclusion, a hot desking arrangement with a hybrid working system can be used to reduce office space. Once space is reduced, the cost of rent will go down. Costs associated with lighting, heating, and maintenance will also be decreased.

Learn more about how hybrid working helps you, and implement your own All-in-one smart office system.

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