75 percent of companies worldwide have introduced flexible working policies to enable employees to vary their hours and use the latest technologies to work remotely. The results were revealed in the recent Flexible: friend or foe? Study by Vodafone.
The survey conducted on 8,000 business professionals across three continents revealed that 53 percent of companies in Singapore, who have introduced flexible working have seen increased profits since its implementation.
The Flexible: friend or foe? study drew upon responses from small and medium-sized businesses, public sector organizations and multinational corporations (MNCs) in 10 countries. Respondents stated – to a striking extent – that they believed performance had been enhanced as a result of flexible working:
The rapid adoption of high-speed mobile data services, fixed-line broadband and cloud services is playing an integral role in this workplace revolution: 61 percent of respondents now use their home broadband service to access work applications and 24 percent use a mobile data connection via their Smartphone, tablet or laptop with broadband dongle.
More than three-quarters of Singapore companies offer flexible working, though barriers still exist
Vodafone’s survey also explored why 20 percent of respondents globally said their organization had not yet implemented a flexible working policy. Specifically in Singapore:
Vodafone Global Enterprise Asia Pacific President Ben Elms said: “Vodafone’s research reveals a profound and rapid shift in the modern workplace. Singapore employers are telling us that flexible working boosts profits while their employees tell us they’re more productive. Central to all of this are the new technologies that are reshaping every sector, from high-speed mobile data networks and fixed-line broadband to the latest collaborative cloud services. We truly are in an era when work is what you do, not where you go.”