As the pandemic swept across the world, organizations were forced to rethink their approach to work and adopt remote practices. Two years have shown clearly - such a system works. Many job seekers are now prioritizing opportunities that offer a better work-life balance through a different work environment and location. 63% of HR leaders think hybrid working models will become the standard in the future. From a beneficial angle, it's a win-win for employers and employees.
Remote work is no longer a benefit
The world of remote working has seen an incredible rise over the past 15 years, with Global Workplace Analytics reporting a 140% increase. Despite a slight decline in its intensity since the peak of the pandemic, the trend continues. Initially seen as a bonus by employers, it is now almost a must-have for any business that wants to keep its workers on board.
1. Nearly every respondent (97%) would like to work remotely until retirement, and would readily encourage others to do the same.
2. Remote workers have seen a marked improvement in their job satisfaction, with a whopping 72% reporting higher levels of happiness.
3. Remote work has enabled 71% of workers to achieve a better work-life balance.
Hybrid working models are taking over
The 9-to-5 workday is quickly becoming a relic, with hybrid working arrangements leading the way. A seamless structure of combining work in the office and at home provides flexibility, and this is the number one benefit, giving employees the power to manage their own time. A survey conducted by FlexJobs found that a large majority (80%) of people prefer this method of working. AT&T's research suggests that this trend is set to surge from 42% in 2021 to 81% in 2024 - meaning companies need to be prepared to alter their operations to keep up:
1. Strengthen management's strategic insight, mentor, and show compassion.
2. Motivate small, cross-functional teams to perform.
3. Enhance the movement of talent, especially when it comes to developing new skills.
4. Investigate approaches to collaborate that don't require any additional costs but still give plenty of options. Be a mindful creator of employee interactions and make sure expectations and work norms are clearly communicated.
5. Harness the power of technology to supercharge your results.
Location is no longer a limiting factor
Amidst the chaos, many employers have discovered the power of remote work. With 83% reporting a positive impact on their business, it is clear that remote workers can be just as productive, if not more, than their in-office counterparts. Offering either fully remote or hybrid models gives employers the chance to recruit from a much wider pool of talent, regardless of location. If an employee is able to produce the desired performance, it doesn't matter if they're working from New York or from the other side of the world - results are the only thing that matters.
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