There has been a huge shift in favor of hybrid work over the last three years. Today, 74% of US-based companies follow hybrid work models, with 55% of the US employees desiring remote work for at least three days a week.
Amid the such buzz, quite a few new trends have surfaced that have revolutionized standard working models, and the talent landscape as we know it. Here’s how.:
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Better Work-Life Balance
The biggest benefit of a hybrid work model is flexibility. It goes without saying – everyone likes working on their own terms. It makes striking a balance between work and family or social life much easier. A report by McKinsey reveals that 87% of employees would opt for more flexible hours if offered the option.
Offering employees a work environment in which they are able to choose when they can work remotely and on-site drastically reduces the pervasive desire to take days off. Employees may feel more inclined to take unscheduled holidays or show up late if they feel overworked and unable to juggle personal and official commitments.
When made to feel like they matter, workers often reciprocate and prioritize their workloads. It is likely that instances of insubordination write up decrease substantially with the introduction of a hybrid working system in your company.
High Morale and Employment Satisfaction
One of the biggest concerns that employees face is their commute. With fuel prices on the rise and the difficulties and inconvenience of public transportation, a significant chunk of workers’ paychecks goes towards simply getting to work, promoting a vicious cycle of spending and earning. This is often the cause of disillusionment and disengagement.
Since the introduction of hybrid working models, workers have shown considerable improvement in their attitudes towards and satisfaction with work. With the freedom to create their own schedules, they feel motivated both to work and to remain with their current employer. Some of the best employee monitoring software testifies to the fact that hybrid models and flexible hours drastically boost morale, and employee satisfaction.
Vaster Talent Market
When hiring remotely or on a hybrid basis, the candidate pool is limitless. Companies that rely on a hybrid system are immediately able to draw on workers from talent pools from around the world, making offshoring a very viable option.
The expanded talent pool reduces the need for centralized recruitment and the subsequent load on HR teams, allowing each department to hire remote workers as per their schedule.
Diverse L&D Opportunities
Today’s competitive job market necessitates constant learning and development (L&D) of skills. The flexible timing of remote and hybrid work enables employees to manage their workloads while taking courses or enrolling themselves in classes to hone their skills. Many use their flex time as an opportunity to acquire further education and specializations.
Reduced Cost
In recent times, many companies have adopted working schedules whereby entire departments are given remote work schedules at the time, thereby reducing operational expenses. For startups that rely solely on the use of electrical devices, such as gyms, IT companies, or mortgage recruiters‘ agencies, this saves a lot of capital. This has proven to be one of the biggest benefits of implementing a hybrid or remote strategy.
Better Coordination and Productivity
The monotony of a 6-day 9-to-5 schedule is now a drawback for many modern workers. Burnout and anxiety make people feel like they must choose between workload or peace of mind. A flexible work schedule gives them time for personal well-being and professional networking in tandem.
Frequently Ask Questions
What is hybrid remote work?
Hybrid work is a flexible working model that allows employees to switch between on-site and remote working practices. Remote work allows employees to work from home or at a location of their choosing, other than in the formal communal space at the organization in which they are employed.
