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Published photo, IWG
One of IWG’s workspaces
The International Workplaces Group (IWG) says “hybrid work” – with part-time office jobs and part-time remote jobs – will become a model for many companies after the coronavirus pandemic.
Mark Dickson, CEO of the group, which specializes in renting workspaces, said companies would look to save money and adopt more environmentally friendly policies, using less workspace.
The group said 2020 was a “difficult” year, with companies renting less office space.
But he said he was ready to take advantage of the “growing demand” for “hybrid work”.
“Something is happening,” Dickson told the BBC. “It’s a change in the way businesses and people operate.”
The Corona virus crisis hit the group hard as demand for its services fell, leading to an estimated loss of £ 620 million before tax last year, according to the latest results.
But Dickson pointed to the group’s signing of new deals with large companies as proof that the group is starting to overcome the difficulties it has faced.
On Monday, the group signed a contract with its biggest customer to date, entering into a three-year deal with Japan Telecom Group (NTT).
The agreement allows the 300,000 employees of the Japanese company to use the group’s office network.
The agreement provides that NTT employees will be able to use one of the group’s 3,300 offices.
In another agreement, the 95,000 employees of Standard Chartered Bank were granted the right to use the group’s offices for a period of 12 months on a trial basis.
Dickson said companies wanted to get rid of some of their office space and replace it with third-party facilities, often closer to employee quarters.
“It is convenient for companies, because it is much cheaper. It is also much better for the environment”, he added, because this situation would reduce the use of transport.
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