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3 in 4 global firms go for flexible working

Three in every four (75%) of companies worldwide have introduced flexible working policies to enable employees to vary their hours and use the latest technologies to work remotely, according to Vodafone.


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Published by Questex Asia
on 21 Dec 2016

3 in 4 global firms go for flexible working

Three in every four (75%) of companies worldwide have introduced flexible working policies to enable employees to vary their hours and use the latest technologies to work remotely, according to Vodafone.

Vodafone surveyed of 8,000 business professionals from small and medium-sized businesses, public sector organizations and multinational corporations (MNCs) in Germany, Hong Kong, India, Italy, Netherlands, Singapore, South Africa, Spain, the United Kingdom and the United States.

Findings also revealed that 53% of companies in Singapore who have introduced flexible working have seen increased profits since its implementation.

Respondents said they believed performance had been enhanced as a result of flexible working, with 61% globally saying their company’s profits increased; 83% reported an improvement in productivity; and 58% believed that flexible working policies had a positive impact on their organization’s reputation.

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% of respondents now use their home broadband service to access work applications and 24% 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 as 76% of responding organizations in Singapore stated they have implemented flexible working policies, on par with the global average of 75%.

In Singapore, 53% of companies saw increased profits after implementing flexible working, and 77% that have implemented flexible working have seen an increase in employee productivity.

Vodafone’s survey also explored why 20% of respondents globally said their organization had not yet implemented a flexible working policy.

Specifically in Singapore, 27% of companies who have not implemented flexible working have not done so due to fears that employee teamwork will decline; 57% of employees feel they do not have a usable flexible policy in place at their job; and 38% of employees do not currently use enterprise social networking -– a tool that would play a major role in flexible working.

Original article taken from: http://www.enterpriseinnovation.net/article/3-4-global-firms-go-flexible-working-1063428592

Last Modified Date: 23 Apr 2018