A ‘24/7 economy’, also known as a ‘round-the-clock’ economy, means that the country’s economic activities are operational on a 24-hour basis with many activities happening concurrently. Popular and well-known 24/7 countries and cities include among others, London, New York (“the city that never sleeps”), Singapore, Bangkok, Tokyo and Mumbai.

Contrary to what is very often perceived, a 24/7 economic model does NOT mean that employees should work continuously 24 hours a day 7 days a week; rather it means working differently.  The round-the-clock economy is characterised by the adoption of alternative work practices such as flexi time and flexi schedule, shift system, compressed work week (working four 10-hour days per week), work from home, telecommuting etc.