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.  

 

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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Will a Hybrid Workforce Model Work for Your Business?

After a year of remote work and work from home it is anticipated most companies will adopt a more flexible or hybrid work policy as the workforce starts returning to the office post pandemic.

 

The key question is will the hybrid work model work for every business? This article by JOE GALVIN explores both the pros and cons of going hybrid.

 

Will a Hybrid Workforce Model Work for Your Business?
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Today we are living in a largely separated world, connected by technology. While we moved to a work-from-home model in the spring out of necessity, many employees have become used to working from home and its many conveniences. Gen Y and Millennial workers no longer see work-from-home as a perk, rather it’s become a requirement. The relentless demand for talent will now make work-from-home a competitive and differentiating feature.

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Essential Tools for Co-Working

 

No matter what line of work you are in, your skills, intelligence, talent, or even luck may not be always enough to help you succeed or reach your goal in a short amount of time.

 

There will always be a need for tools — whether hardware or software — that will help you manage the little things more efficiently and effectively, so you will have more time to deal with the big things and do what you do best.

 

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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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