The rise of the flexible workspace

Disruptive technology, booms in start-up and franchising culture, agile working practices and the ever-present desire to keep costs down are all influencing how businesses operate.

This group of working professionals, dubbed ‘Generation Flex’, are now calling the shots — remarks IWG founder and chief executive officer Mark Dixon in the report's preface. With companies rapidly jumping on the flexible workspace bandwagon and giants such as IWG continuing their rapid global expansion, the prediction seems extremely close to being true. This brings major implications not just for underlying costs, but for the ability to attract and retain the next generations of top talent.

Ensuring sustainable development A survey by US-based media company Cone Communications revealed that 75 per cent of Millennials would take a pay cut to work for what they deem a “responsible” company. Effectively, the sustainability factor here is that a more agile working situation will help reduce employee churn and increase the likelihood of employees remaining with the same employer for longer.Flexible working is increasingly seen by businesses as a driver to success. Many are using it to reduce capital and operational expenditure or choosing flexible working locations to help them shed unnecessary assets, manage risk and consolidate their portfolio.

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