Organizations embracing hybrid work arrangements can boost productivity by 11% over the next five years, as per a report by IWG and Arup.
Reducing commuting time allows employees to allocate more time to work-related tasks, with 67% experiencing higher productivity in flexible workspaces compared to remote work.
Hybrid working could lead to significant economic benefits, with the US potentially gaining US$566 billion by 2045 and the UK seeing a £46 billion annual increase in value.
Asia-Pacific countries like Singapore are embracing hybrid work models to enhance productivity, with a focus on decentralised business hubs and cost savings for employees.