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FUTURE OF WORK: HYBRID WORK MODELS COULD HELP BUSINESSES SAVE $500B A YEAR

Hybrid work has been gaining a lot of attention and adoption. Is this just a hype or is there a business case for going hybrid?

 

This article by Cecilia Amador de San José, Senior Associate Editor of Allwork.Space examines the business benefits of hybrid work models and highlights 5 key areas that will benefit most.

 

The financial benefit comes from five key areas: improved productivity, real estate cost savings, reduced absenteeism, better business continuity, and reduced staff turnover.
  • A new report highlights the business benefits of flexible and remote work, which includes billions of dollars in cost savings.
  • Most employees don’t want to work remotely or from the office full-time; the majority of workers prefer a hybrid approach.
  • This comes from five key areas: productivity, real estate costs, reduced absenteeism, business continuity, and reduced staff turnover.  

 

A recent report by Global Workplace Analytics and Design Public Group (DPG) found that “employers could collectively save over $500B a year — roughly equal to the GDP of Sweden, Belgium, or Poland—or almost $11k for each employee who works at home half of the time.”

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The 2021 State of Remote Work

While remote work is not new it has gained a lot of attention in the past year as a result of COVID-19. We would like to share some top insights and data from one of the largest remote work reports.

 

The 2021 State of Remote Work report was put together by and published in Buffer. Here we share the full report with detailed findings and insights.

 

This past year, everything changed in the world of remote work.

 

Remote work went from a niche decision some companies made to an inevitable and massive shift in the way that people work around the world. While working from home doesn’t offer the same benefits of truly remote work, it is still a remote experience.

 

As a result of this shift, the 2021 State of Remote Work looks very different this year. To start, our survey asked very different questions. We still looked into the benefits and struggles of remote work, and whether or not people wanted to keep working remotely (even if they were pushed into it rather suddenly). We also found out how many of our respondents worked remotely as a result of COVID-19, and how their experiences differ from folks who worked remotely prior to 2020.

 

This report starts with an overview of a few key statistics and then moves into deeper insights from the data. At the end of this report, we have more information about the respondents and data, as well as how to get in touch if you have questions.

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Redesigning the Post-Pandemic Workplace

Work as we know it is forever changed by COVID-19. Now is the time for managers to envision the office that employees will return to.

 

This joint research piece by Gerald C. Kane, Rich Nanda, Anh Phillips, and Jonathan Copulsky sheds light on how organizations should rethink, reinvent and redesign the post-pandemic workplace for their returning workforce.

 

Image courtesy of Ken Orvidas/theispot.com

 

The world has experienced widespread disruption over the past year as a result of the COVID-19 pandemic. With the successful development and distribution of a COVID-19 vaccine, the timeline for when the so-called next normal will arrive is clearer. Leaders should begin to take steps to consider what the workplace will look like when it arrives.

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The Soundtrack of Your Success

 

You finally found the perfect co-working space in your neighborhood and its community is thriving with a diverse group of entrepreneurs and innovators. But, it’s the middle of the week and you find yourself staring blankly into your computer screen, waiting for inspiration to strike, or time has caught up with you and now, you have to wade into the countless emails you’ve been putting off for weeks.

 

 

 

You just simply can’t be motivated. Fortunately, there is a simple solution that you can incorporate into your work routine to help relieve the monotony.

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