The Executive Centre

Our TEC Community Seoul recently hosted an informative Tax & Accounting session at our Three IFC Centre featuring Philip Woo, a Senior Partner from Daehyun Accounting Corporation. The insightful event gave our Members valuable insights into the current trends and challenges in Korean tax and accounting and offered practical advice through recent case studies. Here are some key takeaways: 💻 Adopting AI Programmes: AI can enhance efficiency by automating tasks and managing data, but issues with trust and accountability remain. Companies should evaluate which processes can be automated with AI without compromising quality and ensure human oversight for critical decisions. Additionally, it is recommended that a feedback loop be established, which is crucial for continuously improving AI systems based on user input. 🔒 Cybersecurity: With increasing data breach risks, robust cybersecurity measures are essential to protect sensitive financial information. Companies should invest in secure data storage solutions and conduct regular audits to identify and address vulnerabilities. Ongoing cybersecurity training for employees is also essential, ensuring they are informed about best practices and emerging threats. 🌿 ESG Reporting in Financial Documents: ESG factors are increasingly important for investors to understand a company's sustainability efforts. To attract and retain investors, companies must integrate ESG metrics into their financial reports and demonstrate their commitment to sustainability. Educate employees on the significance of ESG reporting and provide training on effective reporting strategies. #Finances #Technology #Seoul

TEC Hong Kong recently welcomed students from the Creativity in Entrepreneurial Challenges Programme at our Three Garden Road Centre. This initiative, organised by the HKMU Business School, helps secondary school students discover new perspectives, nurture an entrepreneurial mindset, and foster innovative thinking. During this engaging session, the students actively explored our premium workspaces and learned how a professional environment can enhance productivity and innovation. Here are some key takeaways: 🧑💻 Choose the Right Environment: A professional setting provides the structure and resources essential for growth and innovation. It boosts networking opportunities, enhances credibility, and fosters a productive atmosphere. When selecting a workspace, consider location, accessibility, and essential business amenities. High-quality technology infrastructure, including IT support, ergonomic design, and collaborative spaces, can streamline operations, reduce costs, and encourage innovation. 🙋 Maximise Your Space: Flexible workspaces offer more than a productive environment. They provide a supportive community, scalable spaces, and professional business and IT support, allowing entrepreneurs to focus on core activities. To maximise these benefits, engage with the community by participating in workshops and events. Utilise shared amenities like meeting rooms and breakout areas to your advantage. #Learning #Careers #Entrepreneurship

"Placing menstrual product boxes in restrooms might seem simple, but the main challenge was that TEC's locations are in Grade A commercial buildings with strict compliance and consistency requirements. Fortunately, many of the 'communication windows' were women who enthusiastically shared insights on potential issues and advised on how to propose the cooperation to building management." Recently, our Market Head of Taiwan, Carrie Chuang, discussed TEC's partnership with LUÜNA to introduce complimentary menstrual products in all our TEC Taiwan Centres with Bloomberg Businessweek. The article discussed how the increasing presence of women in investment and decision-making roles benefits female entrepreneurs, especially in the ESG sector. Carrie also noted how other female leaders quickly understood the challenges women face due to the stigma around menstruation and were eager to help create a more inclusive workplace. This positive experience, which saw the project implemented within a month, demonstrated how women's voices and influence can facilitate smoother operations and foster more inclusive work environments. To read the full article in Chinese, click the link here: https://loom.ly/ERqkEQw

We recently celebrated our 30th anniversary with an incredible three-day offsite event in Hong Kong, bringing together over 200 global teammates. This year was our first since 2018 to gather teammates from 36 cities and 200+ centres to celebrate our achievements and reignite our shared passion for our mission. Through various engaging activities, we had the chance to learn from company leaders, explore the corporate real estate market, and strengthen our global unity.   Join us in reflecting on the highlights of the 2024 Offsite and our journey as we look towards the future.

"We're also celebrating our 30th anniversary this year, marking a remarkable partnership with JLL over the last 30 years, with over 10,000 transactions. From the very beginning, JLL's services perfectly aligned with the demands of their multinational clients, setting high standards in the Mainland market, which TEC consistently matched." Our Founder & CEO, Paul Salnikow, was recently featured in a video series by JLL China, celebrating their 30th anniversary in the Mainland China market and showcasing the growth and development of key players in the industry. In the video, Paul reflected on TEC's remarkable 30-year journey and his experience navigating the region's evolving commercial real estate landscape. He also emphasised TEC's strategic focus on creating accessible, engaging spaces and highlighted the milestones both JLL and TEC achieved in meeting the needs of businesses in this dynamic market. Congratulations to JLL on their outstanding achievements over the past 30 years. We look forward to many more years of collaboration.

Congratulations to Manish Khedia, MCR, our Managing Director of West India, South India, and Sri Lanka, on his remarkable 11-year journey at The Executive Centre 🎉 Since beginning in 2013, Manish's dedication and brilliance have been pivotal to TEC's continued growth and success in the region. Reflecting on his journey, Manish shares, "I'm proud to have contributed to our region's success, but what stands out is the opportunity to work and grow alongside such an exceptional team. The camaraderie, collaboration, and shared goals have made every day enjoyable. The friendships I've built here are priceless, and I believe our strong team dynamics speak volumes about the positive work environment TEC has cultivated." Thank you, Manish, for your invaluable contributions over the years. We look forward to reaching even greater heights together.

"People are using the space differently, and with that, we've continued to revolutionise our space as well. Now we have more amenities like different sizes of Meeting Rooms, Coworking Spaces, Event Spaces, gyms, or mothers' rooms, allowing clients to use their space more efficiently than in a traditional office." Our Hong Kong City Head, Jennifer So, recently appeared on The Close on RTHK Radio 3, where she discussed TEC's growth and expressed optimism for the flexible workspace industry. Jennifer highlighted that even after opening 26 new centres in 2023, TEC's global occupancy is at 88%, showcasing the industry's resilience. Since its inception, TEC has always adapted to the evolving needs of professionals. Looking into the future, TEC is excited to continue embracing emerging technologies to make our spaces even more innovative and user-friendly across emerging markets. To listen to the full segment, click here: https://loom.ly/8xCF8hE

"Reimagining workspace design is no more an option but a complete business function; it's about creating an environment that meets the diverse needs of modern employees. As the workplace continues to evolve, investing in thoughtful and innovative design will be key to staying competitive in the talent market." In his latest Commercial Design article, Rajat Kapur, our Managing Director for North India, UAE, and Saudi Arabia, shared his insights on office space design as a crucial factor in employee attraction and retention. From collaborative open spaces to well-being amenities and biophilic design, Rajat explores how creating a dynamic work environment can foster collaboration, well-being, inclusivity, and creativity. To read Rajat's full article, click here: https://loom.ly/cMSy3po

"TEC is observing a significant influx of MNCs into its 12 Centres in Hong Kong, with each company typically occupying around ten workstations to maintain high levels of flexibility. As a result, the overall occupancy rate has risen from 71% to 80%. We anticipate this trend will continue, potentially increasing TEC's occupancy rate to 86-87% within the next year." Paul Salnikow, our CEO & Founder, recently shared his insights on TEC's growth and future in Hong Kong with Ming Pao Daily. Paul highlighted that despite challenges in Hong Kong's Grade A office building market in recent years, the city remains an international hub and a gateway to China. This status continues to attract MNCs, driving up demand for office spaces in Hong Kong. Additionally, many landlords are reducing rents by up to 30%, which is expected to contribute to a rebound in TEC's occupancy over the next year. Paul mentioned that he hopes to neither increase nor decrease the number of centres in Hong Kong in the short term, as customer demand is expected to grow gradually. To read the full article in Chinese, click here: https://loom.ly/p7-yb5c

Recently, our TEC Community™ partnered with BIO Australia to host an insightful event at Collins Square Centre in Melbourne. The event featured industry experts who explored how to scale businesses efficiently, shared crucial aspects of growing a successful business, and gave Members practical tips. Here are the key takeaways: 📈 Focus on efficiency: Scaling focuses on achieving efficiency without necessarily increasing resources. To achieve this, evaluate your current processes and find ways to leverage technology and enhance efficiency. Conduct thorough market and product testing to ensure a solid foundation and make strategic tech investments to accelerate growth with less capital. 🎨 Be creative & experiment: Innovation stems from trying new things and developing unique products that the market only realises their need when they see it. To foster this creativity, allocate a portion of your budget to research and development and pilot projects to encourage a culture of experimentation within your company. 🙋♀️ Cultivate culture & vision: Clearly define and communicate your vision. Document your vision and core values and develop a recruitment strategy that screens for cultural fit. Hire people who can share the same passion and reinforce the company vision through internal communications and team-building activities. #TECEvents #Partnerships