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Singapore companies see profit increase after implementing flexible working

Adrian M. Reodique | June 6, 2016
Flexible working policies have also helped improve the employee productivity, morale, and teamwork.

Majority of companies in Singapore (53 percent) saw increase profits after implementing flexible working policies.

This is according to the global survey of Vodafone with 8,000 business professionals from small and medium-sized business, public sector organisations and multinational corporations (MNCs) in 10 counties for its study titled "Flexible: friend or foe?"

More than half of the polled Singaporean workers (54 percent) said they leveraged flexible working to improve their work- life balance. 

In essence, Singapore have also seen improvement in employees' productivity (77 percent), staff morale (75 percent), and teamwork (54 percent). 

"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," said Ben Elms, President of Vodafone Global Enterprise Asia Pacific.  

Globally, more than half (61 percent) of the respondents said their company's profits increased after implementing flexible working; while 83 percent said it helped improve their productivity.

Overall, majority of respondents (58 percent) believed flexible working policies had a positive impact on their organisations' reputation.

 

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