Up until the turn of the 21st century, the labour market was mainly employer-driven. There were more job-seekers than jobs available. However, as population demographics changed, and the Singaporean economy grew, the odds shifted, and the labour market gradually became talent-driven.
Today, Singapore’s economy is driven by talent. Employers who recruit the best talent will gain a competitive advantage. For the employees, it means they have a bigger say on the kind of compensation to demand. The modern worker is interested in more than a bigger paycheck. Singaporean workers are striving for better work environments and work-life balance.
Here’s a look at the impact an office space has on your company.
1. Great Office Spaces Attract Talents
In a knowledge-driven economy, employees are the most important asset of a company. To attract and retain the right kind of people, companies must go out of their way to build a great work culture.
The office’s design and environment communicate the company’s culture, values, priorities, and personality. While these were not essential considerations during employee recruitments in the 1980s and 1990s, they are pivotal when it comes to recruiting millennials today.
Most millennials care more about their workspace environment and wellness rather than the pay and perks. Many are more likely to choose better working conditions over the salary and benefits of a job.
Some of the workplace transformations that Singaporean millennials yearn for are flexible office spaces, the inclusion of social facilities in the office space, and flexible work schedules.
2. Great Office Spaces Improve Job Satisfaction and Loyalty
Building from the point above, great office design will not just attract top talent; it will also improve their job satisfaction levels. Employees will feel good about the place they work at; they will be proud to show off the attractive space of the office.
You do not have to spend a fortune on extensive office space on rent. The right touch on a small business office rental in Singapore will deliver excellent results. When employees feel good about their workspaces, they are more satisfied with their jobs and will exhibit loyalty and honesty towards the employer.
3. Fosters Inter Employee Relationships
Old style office cubicles were great for privacy. However, one downside is the loneliness factor. Employees would spend the day working without much interactions with their colleagues.
However, modern-day office spaces for lease in Singapore combine open spaces, private spaces, and areas for collaboration. Employees can maximize focus hours, and when they are not handling high-concentration work, they can mingle and interact with one another. This fosters employee relationships and encourages collaboration and teamwork.
4. Good Office Space Enhances Productivity
A great office space design and its environment is key to attracting top talent. When talented individuals are satisfied with their jobs and have opportunities for growth, productivity will naturally surge.
Today, office spaces are no longer just cost centres. They are important revenue-driving centres for the company. As you seek for office spaces for lease in Singapore, look out for areas that will influence and impact both the company and your business positively.
We seek to provide you with the utmost convenience and comfort for you and your team. Our green modern office spaces of tranquil setting supply you with all the technical needs you require and ensure proficient and memorable work experiences for you and your team.