SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

Flexible office space becoming the norm as companies start getting creative



Mark your calendars as the crowd's favourite candidate and employee experience conference, Talent Experience Forum is back!
Happening only in KL, Malaysia on 5 November. Register your seat because you will be hearing top insights from C-suite and senior HR leaders from Dell, Digi, GoCar, IPG Mediabrands, Nestle, Tesco, Unilever and more.

Signs of co-working office spaces in Hong Kong are on the rise, with organisations – big and small – embracing them.

HSBC and the South China Morning Post are, but two venerable Hong Kong institutions that have embraced the revolutionising of their workplaces into modern and flexible premises.

Also getting in on the act is Singaporean-founded DBS bank, which has relocated to a seven-storey complex in Kwun Tong, with a stunningly transformed modern workplace. It will be featured in the upcoming issue of Human Resources magazine.

Co-working or flexible office space is part of the evolving workplace dynamics resulting from job growth in the tech and digital sectors, an ever-expanding gig economy and an increasingly Millennial and Gen Z-aged workforce.

Flexible office space is now estimated to comprise about 20% of the global office leasing market, it was reported in The Age newspaper, with that figure certain to continue to jump.

What do you think of the flexible workplace? Please take a moment to answer our poll.

Which statement about the trend towards a co-working or flexible workspace do you agree with:

View Results

Loading ... Loading ...

 

In Australia, for example, the prevalence of flexible office space has risen five-fold in the past five years. In Sydney and Melbourne, the number of flexible workplaces has jumped from 78 (30,000 square metres) in 2013 to more than 400 sites (295,000 sqm) in 2018.

“We’re seeing increased demand for flexibility and finding that larger companies are choosing a collaborative workspace in order to be part of a dynamic, more creative and entrepreneurial environment,” Balder Tol, general manager at collaborative workspace firm WeWork, told the The Age.

“More and more, bigger businesses are understanding the impact workspaces can have on culture and employee performance.”

HR Vendors of the Year Awards is back again for its 5th year with a fascinating gala night to celebrate the best HR vendors in Hong Kong. Winning is both an affirmation of the exceptional quality of your work in the industry and among peers. Enter Awards now
Contact us now for more details.

Read More News

Trending