A 2021 Accenture survey found that 83% of workers around the globe prefer a hybrid workforce model.
Hybrid work models gained popularity after the COVID-19 outbreak in 2020 when businesses had to rethink how business gets done. It turns out, businesses can thrive with a hybrid workforce model. Not only do the costs of maintaining physical spaces go down … employee productivity goes up. Let’s explore how the hybrid workforce model impacts employee satisfaction and an organization’s bottom line.
1. Foster Work/Life Balance
Today’s employees expect more. Take physical and mental health, for example. Most employers can’t afford an onsite gym or daily yoga classes and organic meals. A hybrid work model makes it easier for employees to prioritize a workout or meal prep while getting their work done.
Consider most employees’ obligations outside work: kids’ homework, tee-ball practice and so on. A hybrid work model gives employees the flexibility to attend the status meeting and the first-grade dance recital.
A survey report conducted by Owl labs suggests remote workers are happier and stay in their jobs longer. They also found that remote workers reported less stress, more focus and a better work-life balance compared to workers who never worked remotely.
2. Empower Happy, Healthy Productive Employees
Good employees know when and where they are most productive, and they appreciate control over their work schedule. Traditional command-and-control management can leave employees feeling stifled. Innovative leaders give employees the autonomy to choose their own path to get business done. Hybrid work models can empower employees to achieve their highest levels of productivity and engagement.
One study from the University of Chicago found that 30% of respondents told researchers they were more productive and engaged when from home.
3. Recruit and Retain the Best and Brightest
Hybrid work models have been shown to directly impact employee recruitment and retention. The same 2021 Accenture study referenced earlier found that productive employees with the flexibility to work anywhere tend to stay with their employer.
6% of productive anywhere employees intended to leave their employer.
42% of productive anywhere employees strongly intended to stay with their employer.
And every business owner knows turnover is costly. One Workhuman study in late 2022 found employee turnover cost to be 1.5 to 2 times the amount of the employee’s salary. Take into account the drop in morale, the impact on your organization’s reputation, and the time and money spent recruiting and training new hires. It makes sense to focus on employee satisfaction.
Prudential’s Pulse of American Worker survey found that 42% of remote workers say if their current company discontinues remote work options, they will look for a job with a company that does.
We’re Here to Help
Effective hybrid workplace models are unique to each business. There’s no one-size-fits-all solution. Let’s talk about the tools needed to support your business’s happy, healthy, productive hybrid workforce.
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