Is the Hybrid work model a smart move for your Business?
In the wake of the Covid-19 pandemic, companies have realized that remote work and hybrid workplaces are possible and quite beneficial. Whether you’re a small business or a large enterprise, the hybrid work model may be an option worth considering. The hybrid work model provides employees with the flexibility to work from home and onsite. This blog post will explore how the hybrid work model could benefit your company.
What Is Hybrid Work?
The Hybrid Work Model combines two work arrangements: remote (work from home) and co-located (traditional) workspaces. When employees are scheduled to work at home or in a coffee shop, they’re considered to be working “remotely”. On the other hand, when team members are required to be physically present, they are considered to be working in a “co-located” workspace or on-site.
Hybrid work is unique because employees have the freedom to decide when they want to work on-site or remotely and can also change their minds and move from one space to another throughout the day. So, an employee could work in the office for half of the day and complete their work hours remotely.
Gartner’s 2021 Hybrid Work Employee Survey revealed that only 4% of employees who are currently working remotely or have a hybrid work agreement would choose to return to an entirely on-site arrangement. Embracing a hybrid work model may not be an option if companies wish to retain their employees in a post-pandemic economy.
If you’re looking for an arrangement that gives your team members control over where and when they work, the Hybrid Work Model might be a smart move for your business.
Benefits of Hybrid Work
Flexible work options offer employees the freedom to spend more time with their families and provide a better work-life balance. Using a hybrid work model benefits both employers and employees. Hybrid work offers more flexibility, offering employees the freedom to spend more time with their families and provide a better work-life balance. However, there are plenty of benefits to your company as well. 63% of high-growth companies use a hybrid work model. Here are some ways your company can benefit from a hybrid approach to the workforce.
Attract and Retain Top Talent
The Accenture Future of Work Study 2021 reported that 83% of workers prefer a hybrid work model. Workplace flexibility is an increasingly more important factor for job seekers when choosing an employer. Your company should consider incorporating hybrid options as a standard practice rather than a unique benefit to remain attractive to highly skilled talent.
Higher Employee Engagement
At least 40% of employees feel that they are equally effective whether working on-site or remotely. Support and access to resources play a crucial factor in an employee’s effectiveness when working remotely. Collaboration software, positivity, increased autonomy and supportive management are some ways you can help your employees be more productive and engaging.
Employees will feel empowered by having more control over how much time they spend at work each day. Autonomy can give workers more freedom and control over their schedules, so they can choose when to complete tasks or how long to spend on them. There are also fewer distractions if you work from home.
As soon as employees have a positive environment and supportive management, productivity can increase. Management should support employees by teaching them about productivity tools, such as time-tracking software that lets you monitor how long an employee worked on a project or task at home or in the office. Time tracking apps also help workers manage their time, so they’re not wasting it during the workday.
Management should also remind employees to use collaboration tools like corporate instant messenger or discussion forums. Communication is important between workers; without it, projects can get stalled and morale can suffer. Management can help by encouraging workers to ask questions about tasks where they’re not precise. Employees should be able to share their ideas for improving processes or products freely. Cynoia’s collaboration software can help businesses improve collaboration, project management and communication regardless of where your employees work.