Singapore firms reveal 4 most popular business process optimisation methods

Hiring cost-effective services providers tops survey.

In the latest Regus Business Confidence Index (BCI) survey, Singapore respondents revealed that they will focus on staff retention and cost-effective service provisions over the next twelve months to optimise business processes and gain maximum advantage from existing assets without compromising on expansion plans.

Here are the top four efficiency outcomes for Singapore firms ranked according to popularity:

1. Cost-effective services providers (55% of respondents)
2. Improved staff retention (46%)
3. Higher return on investment on marketing and advertising (46%)
4. Reduced hiring costs

The BCI survey also indicated that one in four or 25% of businesses plan to reduce fixed office space, opting instead for flexible workspaces to help improve their bottom line figures and eke out better growth numbers.