Cleverbridge and PartnerStack Launch CleverPartners to Accelerate the Growth of B2B Partner Ecosystems

Cologne, Germany, Mar 21, 2024 – (ACN Newswire) – Cleverbridge, a growth engine for global technology companies, today announced the launch of CleverPartners, powered by PartnerStack, a one-stop solution for accelerating B2B partner revenue and performance.

Built specifically to drive revenue for SaaS businesses, CleverPartners simplifies and automates many of the toughest parts of scaling partner programs – like recruiting the right partners, tracking partner-sourced conversions through the entire funnel, calculating and paying partner rewards, and selling through software marketplaces – all while providing a great experience for both customers and partners.

“It’s getting more expensive and challenging to acquire customers, with increasing marketing costs, traditional go-to-market motions declining in effectiveness, and fewer prospects willing to talk to a sales rep. In this environment, it’s critical that technology companies meet B2B buyers where – and how – they want to discover and purchase software,” said Wendi Sturgis, CEO of Cleverbridge. “With CleverPartners, businesses can expand their reach, unlock new revenue streams, and efficiently manage and scale any kind of partner program.”

CleverPartners empowers businesses to easily recruit from a network of 80,000+ active B2B affiliate, referral, and reseller partners earning commissions in over 50 countries. Businesses can also leverage established partnerships to streamline the process of getting listed in high-value distributor marketplaces like Ingram Micro and Arrow, and hyperscale marketplaces like AWS, Microsoft Azure, and IBM Cloud.

Leads and deals are automatically routed and managed within a partner portal, and an integration with Cleverbridge’s eCommerce platform allows partners to drive high-intent prospects or customers to a direct buying point. By leveraging CleverPartners alongside CleverAutomations, businesses can automate long-tail renewals while maintaining existing commission structures, enabling channel partners to redirect their focus to new customer acquisition and larger, more strategic opportunities.

“ISVs require top-tier tools and teams to scale their affiliate and channel programs effectively,” said Bryn Jones, CEO of PartnerStack. “With this new CleverPartners offering, ISVs can support their entire go-to-market by generating demand, closing new business, automating expansions and renewals, and simplifying the end-to-end partner management journey. I could not be more excited to collaborate with Cleverbridge to bring their B2B expertise to the forefront of partnerships and drive value together.”

No matter where your SaaS business is in its partnerships journey, CleverPartners provides everything you need to accelerate revenue growth and scale your partner ecosystem to its fullest potential. Schedule a demo today at grow.cleverbridge.com/cleverpartners-demo.

About Cleverbridge

Cleverbridge makes it easy to maximize customer lifetime value. We leverage deep eCommerce expertise to automate and optimize self-service transactions across the entire customer journey, empowering customers to purchase, expand, and renew subscriptions in 240+ countries and territories globally. For more than 18 years, our Growth Engine has integrated payments with subscription management, tax compliance, lifecycle marketing, advanced analytics, and partner ecosystems to consistently deliver recurring revenue growth without added headcount. Learn more at grow.cleverbridge.com.

About PartnerStack

PartnerStack is the all-in-one platform for scaling your SaaS partner ecosystem with a network of top B2B partners. Unlike other partnerships software that only handle one step of the partner journey, or work for only a single type of partner, PartnerStack comes with everything you need to recruit, activate, track, commission, and optimize all of your partnerships: affiliate partners that drive traffic, referral partners that bring you qualified leads, and reseller partners that sell your solution for you. PartnerStack connects you with more of the right partners and automates the toughest parts of managing partnerships, so you can grow your ecosystem and unlock new revenue channels.

Contact Information
Gordon Knapp
Senior Director, Marketing
gordon.knapp@cleverbridge.com

SOURCE: Cleverbridge

View the original press release on newswire.com.

The Executive Centre Unveils its Newest Centre at JP Tower in Tokyo, Japan

Japan, Mar 20, 2024 – (ACN Newswire) – The Executive Centre (“TEC”), the leading premium flexible workspace provider that serves more than 47,000 Members in 34 cities across Asia-Pacific and the Middle East, announces the grand opening of its latest centre at JP Tower in Tokyo. Strategically situated adjacent to Tokyo Station in the Marunouchi district, JP Tower stands as an iconic landmark renowned for its seamless blend of contemporary sophistication and preserved historical heritage.

The JP Tower Centre marks a significant milestone as TEC’s tenth establishment within the vibrant landscape of Tokyo and Yokohama. Boasting an optimal location and impeccable design, the JP Tower Centre exemplifies sophistication and modernity, offering businesses an exceptional workspace experience sprawling across an expansive floor space of over 24,000 sq ft. This new centre opening is a testament to the consistently high demand and occupancy rates of around 90% throughout TEC centres across Japan.

Located on the fourteenth floor, one of the standout features of the JP Tower Centre is the lounge area, offering panoramic views of Tokyo Station through expansive windows. The lounge area is designed with a corporate and upscale ambiance, featuring a tasteful colour palette and premium materials. At its heart is a fully stocked bar area, where Members can enjoy a curated selection of premium coffees, alcoholic beverages, and delectable food items. The lounge area, furnished with Timothy Oulton furniture renowned for its vintage designs, creates an environment that exudes both comfort and sophistication, fostering networking and collaboration among Members.

Adjacent to the lounge is a dedicated coworking area that provides a tranquil setting for focused work. This thoughtfully designed space offers a diverse array of seating styles, catering to various working preferences. The incorporation of natural aesthetics, such as wooden accents and touches of greenery create a harmonious environment that enhances productivity and well-being.

Moreover, the JP Tower Centre boasts well-designed meeting rooms, including a spacious boardroom that comfortably accommodates up to 14 people. These meeting rooms are equipped with state-of-the-art technology, including Magic Glass walls that seamlessly transition between transparent and opaque states, ensuring privacy and convenience during presentations or confidential discussions.

The private office spaces within the JP Tower Centre offer unparalleled panoramic views, spanning from Tokyo Station to the Imperial Palace. Each unit is meticulously curated with signature elements of The Executive Centre, including ergonomic Herman Miller chairs and state-of-the-art 9am height-adjustable automatic standing desks. Security and convenience are prioritised with Salto Bluetooth locking systems on the doors, ensuring the utmost safety and ease of access for occupants.

“We are delighted to open our newest centre at JP Tower in Tokyo,” said Hiroteru Nin, Country Director of Japan at The Executive Centre. “With its prime location, remarkable design, and exceptional facilities, the JP Tower Centre is poised to provide businesses with a prestigious and productive workspace. We are committed to delivering the highest standards of service and creating an environment that fosters success for our clients.”

The opening of the JP Tower Centre reinforces The Executive Centre’s position as the leading provider of premium flexible workspace solutions in Asia. With its range of amenities and flexible workspace options, the centre is poised to meet the diverse needs of businesses looking for a prestigious and well-equipped workspace in the heart of Tokyo.

About The Executive Centre

The Executive Centre (TEC) is Asia’s premium flexible workspace provider, opened its doors in Hong Kong in 1994 and today boasts over 200+ Centres in 34 cities and 15 markets. It is the third largest serviced office business in Asia.

The Executive Centre caters to ambitious professionals and industry leaders looking for more than just an office space – they are looking for a place for their organisation to thrive. TEC has cultivated an environment designed for success with a global network spanning Greater China, Southeast Asia, North Asia, India, Sri Lanka, the Middle East, and Australia, with sights to go further and grow faster. Each Executive Centre offers a prestigious address with the advanced infrastructure to pre-empt, meet, and exceed the needs of its Members. Walking with Members through every milestone and achievement, The Executive Centre empowers ambitious professionals and organisations to succeed.

Privately owned and headquartered in Hong Kong, TEC provides first class Private and Shared Workspaces, Business Concierge Services, and Meeting & Events facilities to suit any business’ needs.

www.executivecentre.com

Press Enquiries
The Executive Centre
Pebble Lee
Pebble_lee@executivecentre.com / +852 3951 9888

foundit Reimagines Hiring with Expanded Talent Access, Super Profiles & AI-powered Search

Singapore/Malaysia/Philippines, Mar 13, 2024 – (ACN Newswire) – foundit (formerly Monster APAC & ME) – a leading talent platform with over 90 million registered job seekers and 7000 customers, has successfully launched a next-gen recruitment solution in the SEA region. The solution aims to shape the future of recruitment and reimagine the way talent is hired. foundit has already previewed the product with close to 100 companies in Indiaand they have achieved an 80% increase in recruiter productivity and a 4.5X reduction in recruitment costs.

Following its impressive success in India, foundit has brought its next-generation recruitment solution to Singapore, Malaysia, Philippines, Thailand, Indonesia and Vietnam.

This launch represents another major milestone in foundit’s mission to transform the recruitment landscape. The launch comes at a time when HR functions are progressively investing in tech-first talent acquisition tools to refine their hiring processes. foundit’slatest hiring solution now includes an expanded talent pool comprising active job seekers as well as passive candidates.

The product boasts a range of features including ‘Super Profiles’ with candidate information that goes beyond what’s on the resume; system-generated Smart Insights about candidates; an AI-powered Magic Search featuring over 35 Smart Filters; an outreach module that utilises AI to generate and send out personalised emails on a large scale; and a seamless collaboration tool.

Following a highly successful launch across India, which saw enthusiastic engagement from CHROs and recruiters from leading enterprises and startups, foundit has now introduced the recruitment solution in the SEA region.

Industry leaders from diverse sectors attended the launch events in Singapore, Kuala Lumpur and Manila and showed immense interest in the next-gen hiring solution. This enthusiastic reception in SEA further underscores the launch’s significant success and foundit’s growing influence in reimagining the recruitment landscape.

Speaking about the launch, Sekhar Garisa, CEO, foundit (previously Monster APAC & ME), said, “Recruiters today are grappling with multiple challenges — navigating numerous sourcing platforms, sifting through irrelevant search results andstruggling with inefficiencies in communication. At foundit, the four pillars of our latest tech innovation address these challenges head-on. With access to talent on and off the market, candidate profiles with Smart Insights, AI-powered Magic Search personalised by organisation, advanced outreach and collaboration features, recruiters now have a comprehensive solution to be more agile and efficient. Since rebranding in 2022, we have been committed to going beyond merely solving problems to anticipating and building for the future.”

After rebranding from Monster APAC & ME to foundit in 2022, this launch marks a key milestone in the company’s vision to enable and connect the right talent with the right opportunities using tech innovations that will define the future of recruitment.

As part of its commitment to advancing the recruitment landscape, foundit has strategically invested in developing this solution and taken a giant leap to define the future of recruitment.

About foundit APAC & Middle East

Over the last two decades, the company has been a catalyst in the world of recruitment solutions with advanced technology, seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech.

To learn more about, foundit in APAC & Gulf, visit:
Philippines: https://www.foundit.com.ph
Malaysia: https://www.foundit.my
India: https://www.foundit.in
Gulf: https://www.founditgulf.com
Singapore: https://www.foundit.sg
Hong Kong: https://www.foundit.com.hk
Indonesia: https://www.foundit.id

Contacts:
Neha Nayyar – neha.nayyar@foundit.ai
Namrata Sharma- namrata.sharma@adfactorspr.com

CGFNS International and The DAISY Foundation Honor Outstanding International Nurse Recruiters

PHILADELPHIA, PA, Mar 12, 2024 – (ACN Newswire) – CGFNS International and The DAISY Foundation(TM) this evening honored two nurses for their contributions to ethical international recruitment practices with the first-ever CGFNS DAISY Award for Outstanding International Nurse Recruiter. The presentation was made at a ceremony in New York City.

CGFNS International and The DAISY Foundation

Sinead Carbery, President of International Staffing Solutions for AMN Healthcare, and Christy Craft, a quality improvement nurse manager at Health Carousel, were selected as honorees from more than 140 submitted nominations.

Both honorees are registered nurses working at health professional recruitment firms and were recognized for their commitment to helping foreign-educated nurses cope with the challenges they face as they navigate their way to employment in the U.S. health system.

Carbery, herself an immigrant nurse from Ireland, has helped thousands of other migrating nurses over her nearly three decades in international recruitment. She is noted for her commitment to ethical recruitment practices and her compassion for migrating nurses and their families during their journey.

Craft leads a team whose effort resulted in more than 500 nurse assignment placements in 2023 alone. Under her guidance, the team also runs transition-to-practice and clinical residency programs that prepare migrating nurses for their duties as RNs in the U.S.

The CGFNS DAISY Award for Outstanding International Nurse Recruiter is open to individual nurses actively engaged, either directly or indirectly, in international nurse recruitment efforts. With a focus on “nurses helping nurses,” the award honors those who have made an extraordinary impact on the lives of nurse migrants through their compassion, empathy, and embodying the principles of the recruitment code from the CGFNS Alliance for Ethical International Recruitment Practices.

The award was presented by CGFNS International President and CEO Dr. Peter Preziosi and Dr. Deb Zimmermann, CEO of The DAISY Foundation.

About CGFNS International, Inc.

Founded in 1977 and based in Philadelphia, CGFNS International is an immigration-neutral not-for-profit organization proudly serving as the world’s largest credentials evaluation organization for the nursing and allied health professions. CGFNS International is an NGO in Consultative Status with the United Nations Economic and Social Council (ECOSOC) and is a member of the Conference of NGOs in Consultative Relationship with the United Nations (CoNGO).

About The DAISY Foundation

The DAISY Foundation is a not-for-profit organization, established in memory of J. Patrick Barnes, by members of his family. Patrick died at the age of 33 in late 1999 from complications of Idiopathic Thrombocytopenic Purpura (ITP), a little-known but not uncommon auto-immune disease. (DAISY is an acronym for Diseases Attacking the Immune System.) The care Patrick and his family received from Nurses while he was ill inspired the creation of The DAISY Award(R) for Extraordinary Nurses, an evidenced-based means of providing Nurse recognition and thanking Nurses for making a profound difference in the lives of their patients and patient families. In addition to the DAISY Award(R) for Extraordinary Nurses, the Foundation expresses gratitude to the nursing profession internationally in over 6,500 healthcare facilities and schools of nursing with recognition programs for nurses wherever they practice, in whatever role they serve, and throughout their careers – from nursing student through lifetime achievement, and through several lines of research grant and evidence-based practice projects funding. More information is available at https://DAISYfoundation.org.

Contact Information
David St. John
dstjohn@cgfns.org

SOURCE: CGFNS International

View the original press release on newswire.com.

CGFNS International Unveils New Think Tank to Advance Health Workforce Development Scholarship and Solutions Worldwide

PHILADELPHIA, PA, Feb 24, 2024 – (ACN Newswire) – CGFNS International announced today it has established a Global Health Workforce Development Institute. The new think tank will conduct original research and leverage knowledge developed by CGFNS over its half-century of providing credentialing services — as well as its vast experience with workforce mobility issues — to advance scientific knowledge about the evolution of health workforce roles and the development of credentialing and certification programs and policies.

CGFNS International

A long-term objective of the Institute will be to create rigorous global certification programs that streamline the assessment and recognition of practice competency. These will empower nurses and other health professionals around the world to achieve “work-readiness” regardless of where they choose to apply their knowledge and skills, while enabling them to showcase their competencies to employers, regulators, and educators worldwide.

“Amid an unprecedented health workforce crisis, and with an increasing number of health workers being displaced by the impacts of climate change and armed conflict, the patchwork quilt of standards and qualifications between countries threatens to prevent health workers from practicing to their capacities, much less helping to alleviate workforce shortages in high-need countries and improve healthcare access for underserved populations,” said Peter Preziosi, President and CEO of CGFNS.

“This new Institute will be the centerpiece of our effort to address this challenge and ease mobility for health workers to practice where they want and where they are needed,” he added.

Leading the new Institute as its Chief is Julia To Dutka, EdD, a renowned global expert and strategist in credential assessment and global labor mobility who is widely published in the fields of education, regulation, and language teaching and testing. Dr. To Dutka brings to the Institute a unique integration of experience from her many years of service at CGFNS, as well as from higher education and from the assessment industry, where she has led large-scale global assessment initiatives.

The Institute will comprise three centers of excellence:

The Center for Global Assessment and Certification will lead efforts in the setting of global standards and assessment of competencies in the health professions. Its senior director, Joseph McClintock, PhD, has more than 20 years’ experience in all aspects of certification and educational assessment, including test design and creation, item and test development, standards setting and job task analysis. He joins the Institute after serving as vice president of Measurement, Inc., a leading provider of customized educational assessment services.
The Center for Knowledge Management will manage CGFNS International’s extensive international education and health regulatory databases, along with other knowledge assets, with a focus on leveraging the educational and regulatory data to advance initiatives, policies and further research in global health workforce development. Its senior director, Emily Tse, MPhil, is a recognized expert in the credential evaluation field who previously managed the Country Index series on educational systems around the world at the International Education Research Foundation (IERF).
The Center for Global Research and Policy will catalyze a robust research and development agenda and contribute to global human resources for health scholarship through inquiry around global health workforce development, care delivery, and lifelong learning issues. Its senior director, Lauren Herckis, PhD, joins CGFNS from the faculty of Carnegie Mellon University, where she has led interdisciplinary research efforts focused on evidence-based practice for using emerging educational technologies across diverse cultural contexts.

“With our nearly 50-year mission of evaluating nurses and allied health professionals who have chosen to live and work in their country of choice through assessment protocols centering on academic and professional credentials, it is time for CGFNS to recommit itself to improving the health and well-being of the world’s populations,” said To Dutka. “The Institute will enable CGFNS to serve as a thought leader, to advance new and innovative certification systems, and to support models of care delivery that will accelerate health workforce growth and evolution worldwide.”

About CGFNS International, Inc.

Contact Information:
David St. John
dstjohn@cgfns.org

SOURCE: CGFNS International

View the original press release on newswire.com.

ICDM Survey Reveals Imperative for Boards in ASEAN to Realign Priorities Towards More Effective and Sustainable Governance

KUALA LUMPUR, Feb 23, 2024 – (ACN Newswire) – The Institute of Corporate Directors Malaysia (“ICDM”) recently concluded a comprehensive survey across Southeast Asia in collaboration with its eight (8) partners under the ASEAN IOD Network that highlights the imperative for boards to sharpen their foresight to assess and steer their organisation’s business model, governance, talent, dynamics, and culture as they position their boards for the future.

The survey of 335 respondents comprising boards and C-Suites management from across the region reiterates the urgency for boards to evaluate their effectiveness and shift their current strategic board priorities to ensure they address the key threats that they expect to be more prominent over the next two (2) years. The four (4) key threats include:

(i) Having the right talent and leadership;

(ii) Diplomacy in managing macro and geopolitical uncertainties;

(iii) Sustainable and effective operational strategy;

(iv) Board-management relationship and dynamics.

Michele Kythe Lim, President and Chief Executive Officer (“CEO”) of ICDM emphasised, “Amidst the ongoing economic challenges, we remain steadfast in our commitment to navigating leadership in the dynamic landscape of Southeast Asia. Governance is coming into focus on a more profound level in the wake of heightened stakeholders’ expectations, as evidenced by the many changes taking place on boards around us recently. As leaders, we recognise the pivotal role of talent, the power of effective leadership and the imperative of sustainability in our current environment and that a paradigm shift at the board level is necessary to confront the reality and barriers in their pursuit for growth. This regional survey is part of our hope to collectively transform leadership and drive businesses to greater heights by encouraging them to launch into action and openly address the critical areas in board and corporate governance that will nurture deeper cohesion in organisations.”

Urging boards to cultivate a forward-looking mindset and ingrain a more robust culture to turn risks into growth opportunity, ICDM’s 2024 ASEAN Board Trends Survey identified five (5) critical areas in board governance that require immediate intervention to reinforce board effectiveness and ensure companies are equipped for the challenges of the future. These include:

(i) To Realign Board Agenda and Set Priorities Right: Boards often cling to outdated approaches, looking at things through yesterday’s lens and failing to adapt to changing circumstances. As a result, corporate priorities overlook the key threats and changing environments. Boards must stay informed about current and future business trends while adapting to new threats, risks and opportunities that build their path to the future.

(ii) To Improve Board-Management Relationship and Dynamics: Misaligned priorities between boards and their management were noted throughout the survey, with differing ideas on key organisational priorities and areas that require more attention from the board. While boards place greater importance on business model agility, diversification and transformation, management believe human capital strategy and development should be a priority. Boards and management must conduct more meaningful discussions, realign and agree on priorities as well as expectations of both parties to enhance the working relationship dynamics for increased effectiveness.

(iii) Progressive and Forward-looking Board Architecture and Culture: Management express reservations about the board’s current ability and skillset to steer the company strategically. The existing blend of knowledge, experience, and qualities fall short of supporting evolving business needs in the coming years. Boards must begin cultivating a culture of open dialogue, courage, and candour amongst each other. Nomination and Remuneration Committees (NRC) play a vital role in ensuring the right mix of board members, led by the chairman who plays a pivotal role in fostering a progressive board culture and managing board-management dynamics.

(iv) Board Effectiveness at Taking Stock: While boards may perceive their performance positively, management highlight a lack of diverse perspectives which hinders insightful discussions and creates blind spots to critical issues. Some respondents felt that their board deliberations do not bring value or enhance decision-making quality, with over half stating that board members rarely express conflicting views. Boards must look internally to assess their value proposition, skills, governance and mindset to effectively catalyse their growth.

(v) Navigating Board Sustainability Challenges: While many acknowledge that sustainability goes beyond mere reporting and some boards are already embracing or planning to adopt sustainable strategies, management remain sceptical about the board’s current knowledge and ability to fulfill its oversight role. While boards recognise that their challenge lies in setting up the right governance with clear performance target measurement, they must also acknowledge the important need to support the human capital function and concerns through talent governance. Health, safety and wellbeing, talent management and succession planning are among top sustainability matters for boards’ attention.

As boards begin to address these critical areas in governance, the key actions they need to take begin with undertaking a formal board effectiveness evaluation encompassing candid, 360-degree assessment. Boards must obtain holistic perspectives to better understand their current landscape, working dynamics amongst themselves and between their management, as well as identify development needs. It is vital that boards reevaluate their composition and remuneration packages at regular intervals and proactively foster strong board-management relationships and dynamics. In realigning organisational priorities through joint strategic planning sessions, boards must practice the art of asking challenging questions for more robust discussions. Organisations must prioritise talent governance and organisational culture to ensure a conducive environment for innovation and productivity, while embracing sustainability agendas authentically, avoiding greenwashing, and embodying authenticity and purpose as leaders are essential for driving organisational success.

In addition to the 2024 ASEAN Board Trends report, ICDM also announced the formation of an ASEAN Directors Registry under the ASEAN IOD Network initiative. Aiming to go fully operational in July, the registry marks a significant stride in fostering global recognition for ASEAN board talent. Recognising the needs of boards with regional perspectives, this initiative aims to actively advocate for enhanced ASEAN representation on the boards of businesses with a presence in the region. With this registry, it seeks to elevate the value proposition for members of ASEAN Institutes of Directors by expanding their access to a broader spectrum of directorship opportunities and give organisations a wider selection of board-ready candidates with international or regional experience.

The survey was conducted in collaboration with partners under the ASEAN IOD Network, which was initiated in 2020 to better serve the board community in the region and beyond. These partners include the Institute of Directors Thailand (IoD Thai), Institute of Corporate Directors, Philippines (ICDPh), Vietnam Institute of Directors (VIOD), Myanmar Institute of Directors (MIoD), Singapore Institute of Directors (SID), Indonesian Institute of Corporate Directors (IICD), Darussalam Assets Sdn Bhd and the International Business Chamber of Cambodia (IBC). The survey can be accessed on ICDM’s website here.

About the Institute of Corporate Directors Malaysia (ICDM):

The Institute of Corporate Directors Malaysia (ICDM) is a membership-based organisation whose mandate is to professionalise directorship in Malaysia. As the national institute of directors (IoD), ICDM is committed to providing continuous professional development – empowering boards and directors with forward-thinking mindsets, practical knowledge and essential competencies. Established by the Securities Commission Malaysia (SC) and supported by Bank Negara Malaysia, Bursa Malaysia and the Capital Market Development Fund (CMDF), ICDM’s goal is to be the leading influence of excellence in governance and to build a robust corporate governance culture in Malaysia. For more information on ICDM, please visit our website at www.icdm.com.my

Flex is not dead: Why WeWork’s collapse won’t spell the end of the industry

HONG KONG, Feb 22, 2024 – (ACN Newswire) – WeWork, a company once valued at US$47 billion, has filed for bankruptcy in the U.S.. While such high-profile situations can potentially cast a shadow over the industry’s outlook, we at The Executive Centre (TEC) maintain our confidence that premium, innovative flexible workspace solutions continue to be in high demand.

Boosted by evolving corporate strategies and a renewed appreciation for workplace flexibility, the current landscape presents a fertile ground for high-quality flexible offices, tailored to the unique needs of the modern workforce.

This whitepaper aims to provide insights into the flexible workspace industry in Asia-Pacific (APAC), and to debunk the misconception of a downturn in demand, which might lead us to overlook the sector’s broader, positive growth trajectory.

The Reason WeWork Went Down

WeWork’s downfall is a classic example of overambition clashing with market realities. From a mission that pledged to ‘elevate the world’s consciousness’ to excessive expansions and mismanagement, a series of strategic missteps precipitated its collapse:

— Overexpansion without Sufficient Demand: WeWork’s rapid growth strategy was fundamentally flawed. The company expanded aggressively across the globe, opening new locations at a breakneck pace. This expansion was driven more by the desire for quick scaling rather than actual market demand. Consequently, many of their spaces remained underutilised, draining resources without generating consistent profits throughout the business’ lifespan.

— Financial Mismanagement and Governance Issues: WeWork also grappled with financial mishandling and governance problems. Its leadership faced criticism for opaque decision-making and misallocation of funds, leading to a loss of investor trust and market confidence.

The company’s failed IPO in 2019 marked a turning point, shedding light on its overvaluation and questionable governance practices. WeWork’s valuation plummeted from US$47 billion to a fraction of that, causing a major leadership overhaul and a shift in business strategy. However, the detrimental effects have already taken hold.

WeWork serves as a cautionary tale demonstrating that rapid, unchecked expansion without a demand-led strategy and solid governance can lead to significant business challenges.

Paul Salnikow, Founder and CEO of The Executive Centre said “With WeWork now in Chapter 11 and with many global commercial real estate markets in recession, any operator who is not profitable has only a slim chance of remaining in business. As hundreds of WeWork centres, along with numerous operator-run centres are closing, there has been a noticeable decrease in the capacity of low-grade coworking spaces, which gradually reduces the supply of low-grade flex space.”

“In contrast, The Executive Centre, which operates with centres in Asia, Australia, and the Middle East, has expanded its network by 60% to 200+ locations since 2019. We have done this by continuing to understand that we are a service business, focusing on delivering truly premium flex accommodation to its now 47,000+ clients.

Smart operators continue to benefit from high demand for flex workspace in APAC

Looking beyond WeWork’s woes, the demand for flexible office and coworking spaces has never been higher, powered by post-pandemic hybrid working models, and companies’ need to be fully flexible in their commercial real estate commitments.

Companies across APAC are increasingly adopting hybrid work models, with a growing trend among large corporations to incorporate flex spaces into their workplace strategies. This shift is driven by the desire to reduce fixed asset obligations and provide employees with diverse, stimulating environments. Flexible workspaces, with their scalable, plug-and-play office setups, offer the ideal solution.

Certain regions within APAC demonstrate particularly strong demand for flex spaces, including major business hubs like Singapore, Seoul, Shanghai, Tokyo, Dubai, and several cities in India, where a mix of local and international businesses drives the market.

Furthermore, despite the hybrid working pattern, the culture of physical presence in Asian offices is significantly higher than its Western counterparts. With major companies increasingly requiring employees to return to the office, these factors underscore that the demand for flex spaces in APAC is more prominent than ever before.

Recipe for success

TEC stands out as the leading premium flexible workspace operator in APAC, distinguished by its strategic focus on high-end products and services, prime locations in core CBD buildings, exceptional occupancy rates, and sustained profitability.

TEC demonstrates a marked difference with its growth strategy driven by pre-identified client demand, contrary to WeWork. In 2023 alone, TEC has added a total of 29 new Centres totaling 474,000 sq ft of net area and over 7,200 workstations, due to MNCs’ robust demand for TEC’s premium offerings. With close to 30 years of expertise and a solid track record in the flexible workspace market in Asia, TEC maintains an exceptional occupancy rate of around 90%.

TEC’s success is built on a deep understanding of the needs of its upscale clientele, with 83% being MNCs. It has also been a profitable company for more than two decades with uninterrupted positive year-on-year growth. TEC’s focus on profitability is evident in its operational efficiency and demand-led expansion strategies. Unlike other players in the market who pursued growth at the expense of profits, TEC has balanced its expansion with financial sustainability, ensuring long-term success in the competitive flexible workspace arena.

Conclusion

The APAC flex market presents a landscape with robust opportunities, despite the cautionary tale of WeWork. The key to success lies in understanding market dynamics, pursuing expansions driven by client demand, focusing on profitability and business sustainability, and maintaining financial prudence.

The flexible workspace industry shows significant long-term potential, and operators with strong foothold in the sector, such as The Executive Centre, will only grow stronger.

For more information about The Executive Centre, please visit http://www.executivecentre.com

Triumph by foundit Unveils Opportunities for Diversity Hiring in Malaysia

KUALA LUMPUR, MALAYSIA, Feb 19, 2024 – (ACN Newswire) – foundit (formerly Monster APAC & ME), a leading talent platform, today announced the launch of Triumph 2024, groundbreaking virtual career fair for Diversity set to take place in Malaysia. This unique event is designed to foster diversity by bringing together a wide array of talents and opportunities in a virtual space. Building on the success of its previous editions in India, the event aims to promote and enable diversity in recruitment, hosting hundreds of job opportunities for women, , and Persons with Disalities (PwD). This three-day virtual career fair will connect job seekers with leading organisations across several functions and industries. The event is scheduled to happen from March 5 to 7 this year, and it is targeted at curating a large pool that serves as a platform for employers to network with diverse talent.

Triumph 2024 is a multi-faceted event that aims to empower job seekers by focusing on hiring talent for high-demand job functions in the IT, Banking & Financial Services, Finance & Accounting, Customer Service, Tech, Sales, and HR & Admin sectors. It will build a diverse workforce by bringing together diverse communities, opening doors to unique career paths, breaking barriers, and contributing to creating inclusive workplaces through captivating speaker sessions, webinars, , pre-placement talks, and enlightening knowledge sessions. The three-day event has specific themes for both job seekers and organisations. The various themes include women in leadership, diversity from an organisation’s lens, hearing it from the industry experts/ towards inclusion at the workplace and building networks. Furthermore, distinguished guest speakers will also be sharing their insights and expertise across segments.

Sekhar Garisa, CEO of foundit, expressed his pride in launching Triumph SEA, stating, “Leading the introduction of Triumph 2024 into the SEA market, I’m thrilled to share our firm commitment to reshaping the employment landscape. Diversity is at the core of innovation, and at foundit, we are dedicated to creating a fair and inclusive professional environment. Triumph 2024, our three-day career fair, embodies this commitment by providing tailored opportunities for women and candidates with disabilities. It goes beyond connecting job seekers with forward-thinking employers; it’s about forging pathways to fulfilling careers and fostering genuinely inclusive workplaces. With strong support from our partners and communities, we’re set to make a positive impact and bridge employment gaps.”

Building a diverse workforce is a significant part of any organisation today. Following the rebranding from Monster to foundit, the company’s key focus, has been on building a broader talent base across multiple geographies. Given foundit’s unparalleled reach in SEA, foundit aspires to attract over 50K35K+ registrations and foster engagement with around 2.4 million+ existing women profiles. The highlight of conducting Triumph in Malaysia is to ensure more women participate and be a part of the workforce. In Malaysia, many factors influence women’s access to employment and economic opportunities, ranging from social standards to underlying economic conditions. To increase the employment rate of women, the Malaysian government has already started giving subsidies and incentives to support a more equitable and inclusive world of work for women. The government has also made necessary amendments to the country’s employment act, which ensures equity in the workforce.

In the dynamic job market of 2023, there has been a noteworthy 48% surge in job opportunities for women as compared to the preceding year, 2022. This rise in job opportunities not only underscores a commitment to diversity and equality but also signals a growing awareness among employers about the value of building teams with a rich mix of backgrounds, experiences, and perspectives. The 48% increase reflects a proactive effort by organisations to tap into a broader talent pool, ensuring that opportunities are accessible to individuals from various demographic and cultural backgrounds.

The last edition of Triumph in India in 2023 garnered immense success, with nearly 1.5 Lakh professionals registering for the D & I virtual career fair, out of which over 90% of candidates applied to multiple job opportunities, and overall, Triumph 3.0 witnessed a remarkable 725% surge in job applications.

Registrations for Triumph SEA are now open, and interested candidates can register for free at link.

About foundit – APAC & Middle East

foundit, formerly Monster (APAC & ME), is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. Since its inception, the company has assisted over 90 million registered users to find jobs, upskill, and connect with the right opportunities across 18 countries. Over the last two decades, the company has been a catalyst in the world of recruitment solutions with advanced technology, seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches, and precision hiring. foundit strongly believes that a job title doesn’t define one’s potential and leverages technology to dig deeper to curate opportunities central to the needs and aspirations of each user.

Contact:
Namrata Sharma
Namrata.sharma@adfactorspr.com
+6581383034

Triumph by foundit Unveils Opportunities for Diverse and Inclusive Hiring in Singapore

SINGAPORE, Feb 19, 2024 – (ACN Newswire) – foundit (formerly Monster APAC & ME), a leading talent platform, today announced the launch of Triumph 2024, a diversity and inclusion virtual career fair in Singapore. Building on the success of its previous editions in India, the event aims to promote and enable diversity in recruitment, hosting hundreds of job opportunities for diverse workforce. This three-day virtual career fair will connect job seekers with leading organizations across several functions and industries. The event is scheduled to happen from March 5 to 7 this year, and it is targeted at curating a large D&I pool that serves as a platform for employers to network with diverse talent.

Triumph 2024 is a multi-faceted event that aims to empower job seekers by focusing on hiring talent for high-demand job functions in the IT, Banking & Financial Services, Finance & Accounting, Customer Service, Tech, Sales, and HR & Admin sectors. It will bring together diverse communities, opening doors to unique career paths, breaking barriers, and contributing to creating inclusive workplaces through captivating speaker sessions, webinars, , pre-placement talks, and enlightening knowledge sessions. The three-day event has specific themes for both job seekers and organisations. The various themes include women in leadership, diversity from an organization’s lens, and hearing it from the industry experts towards inclusion at the workplace and building networks. Furthermore, distinguished guest speakers will also be sharing their insights and expertise across segments.

Building a diverse workforce is a significant part of any organization today. Following the rebranding from Monster to foundit, the company’s key focus has been building a broader talent base across multiple geographies. Given foundit’s unparalleled reach in SEA, foundit aspires to attract over 50K registrations, and foster engagement with around 2.4 million existing women profiles . The highlight of conducting Triumph in Singapore is to ensure more women participate and be a part of the workforce. In the dynamic job market of 2023, there has been a noteworthy 25% surge in job opportunities specifically for individuals within the diverse talent pool, reflecting a positive shift towards greater inclusivity and recognition of the unique skills and perspectives that diverse candidates bring to the workforce. In Singapore, many factors, ranging from social standards to underlying economic conditions, influence women’s access to employment and economic opportunities. To increase the employment rate of women, the Singapore government has already started initiatives and programs focused on nurturing and supporting women’s talent. Be it the creation of an entrepreneur network, mentorship programs, or women returning to work initiatives, it’s necessary to welcome women’s empowerment and embrace equity in the workforce. The 25% increase reflects a proactive effort by organisations to tap into a broader talent pool, ensuring that opportunities are accessible to individuals from various demographic and cultural backgrounds.

Registrations for Triumph SEA are now open, and interested candidates can register for free at link.

About foundit – APAC & Middle East

foundit, formerly Monster (APAC & ME), is a leading talent platform offering comprehensive employment solutions to recruiters and job seekers across APAC & ME. Since its inception, the company has assisted over 90 million regitered users to find jobs, upskill, and connect with the right opportunities across 18 countries. Over the last two decades, the company has been a catalyst in the world of recruitment solutions with advanced technology, seeking to efficiently bridge the talent gap across industry verticals, experience levels, and geographies. Today, foundit is committed to enabling and connecting the right talent with the right opportunities by harnessing the power of deep tech to sharpen hyper-personalised job searches, and precision hiring. foundit strongly believes that a job title doesn’t define one’s potential and leverages technology to dig deeper to curate opportunities central to the needs and aspirations of each user.

Contact:
Namrata Sharma
Namrata.sharma@adfactorspr.com
+6581383034

Triumph by foundit Unveils Opportunities for Diverse and Inclusive Hiring in the Philippines

Manila, Philippines, Feb 19, 2024 – (ACN Newswire) – foundit (formerly Monster APAC & ME), a leading talent platform, today announced the launch of Triumph 2024, a diversity and inclusion virtual career fair to be held in the Philippines. Building on the success of its previous editions in India, the event aims to promote and enable diversity in recruitment, hosting hundreds of job opportunities for women, LGBTQIA+ individuals, and Persons with Disabilities (PwD). This three-day virtual career fair will connect job seekers with leading organizations across several functions and industries. The event is scheduled to happen from March 5 to 7 this year, and it is targeted at curating a large D&I pool that serves as a platform for employers to network with diverse talent.

Triumph 2024 is a multi-faceted event that aims to empower job seekers by focusing on hiring talent for high-demand job functions in the IT, Banking & Financial Services, Finance & Accounting, Customer Service, Tech, Sales, and HR & Admin sectors. It will bring together diverse communities, opening doors to unique career paths, breaking barriers, and contributing to creating inclusive workplaces through captivating speaker sessions, webinars, pre-placement talks, and enlightening knowledge sessions. The three-day event has specific themes for both job seekers and organizations. The various themes include women in leadership, diversity from an organization’s lens, and hearing it from the industry experts towards inclusion at the workplace and building networks. Furthermore, distinguished guest speakers will also be sharing their insights and expertise across segments.

Building a diverse workforce is a significant part of any organization today. Following the rebranding from Monster to foundit, the company’s key focus has been on building a broader talent base across multiple geographies. Given foundit’s unparalleled reach in SEA, foundit aspires to attract over 50K registrations and foster engagement with around 2.4 million+ existing women profiles.The event, with its customized possibilities, resources, and assistance, will open the door to a more egalitarian and diverse society. It goes beyond a virtual employment fair with the goal of giving job seekers a life-changing experience by bringing attention to the abilities that can lead to fulfilling career opportunities. Additionally, the event will raise awareness and promote a diverse and inclusive work environment at the hiring firms. In the dynamic job market of 2023, there has been a noteworthy 29% surge in job opportunities for D&I workforce as compared to the preceding year, 2022. This rise in job opportunities not only underscores a commitment to diversity and equality but also signals a growing awareness among employers about the value of building teams with a rich mix of backgrounds, experiences, and perspectives. The 29% increase reflects a proactive effort by organizations to tap into a broader talent pool, ensuring that opportunities are accessible to individuals from various demographic and cultural backgrounds.

Registrations for Triumph SEA are now open, and interested candidates can register for free at link.

About foundit – APAC & Middle East

Contact:
Namrata Sharma
Namrata.sharma@adfactorspr.com
+6581383034