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Hybrid model’ on flexible work spaces is seen as future of work

CAGAYAN DE ORO CITY: “The future of work is in the hybrid model. With the pandemic or not, the demand for flexible workspaces in the provinces has been growing tremendously,” Lars Wittig, Country Manager Philippines, Thailand, Vietnam, Cambodia, South Korea, IWG, said  Tuesday.

”Employees have a clear preference for flexible working with its work-life balance benefits and both local and multinational companies recognize the role it plays in securing and retaining the best talent,” Wittig said during a live press conference with the Philippine partner, the Davao-based Damosa Land, Inc., a premier real estate and agro-developer in Davao.

The Mindanao Daily News was the only media outlet in Cagayan De Oro  City invited during the one-hour live zoom press conference held Tuesday morning.

Wittig said that the IWG is “honored to share with DLI the expertise in the flexible working industry as the DLI now operates their own Regus and HQ centers in Davao as the community starts to recover, the flexible workspaces is helping the local economy creates new jobs and stimulate business growth in the region.

Ricardo F. Lagdameo, President, DLI, said that DLI is hopeful of the brighter prospects in the overall property industry in the Philippines to continue to fuel the growth in more investment opportunities in Mindanao.

He said that with the government’s initiatives for vaccination rollout and its support for investors who are expanding to the provinces, we are confident that we are ready to welcome local entrepreneurs and multinational companies in our Regus Felcris Centrale and HQ Topaz.

The Regus Felcris Centrale is located in the heart of Davao City providing local and multinational companies an unparalleled network of office, co-working, and meeting spaces – enabling people to work where, when, and how they want.

Lagdameo said that a study about the economic benefits of these suburban spaces found out that the ‘flex economy’ could contribute more than $254 billion to local economies in the next decade.

He said that by 2029, there could be a total of just over 74,000 people working at local Business Centres across the Philippines, providing net additional employment opportunities for local residents amounting to over 31,600 jobs.

The entry of IWG into Davao City in 2016 was through a partnership with DLI, which resulted in the Regus Damosa Topaz Tower, the first flexible work center in Mindanao and one of IWG’s most successful centers in the Philippines.

Today the center is re-branded as HQ Topaz, marking it as the first-ever HQ center and one of the largest IWG centers in the Philippines catering to about 500 local and multi-national companies who were renting office spaces in the 25-story building. -0-

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