The winning strategy for employers
In addition to the environmental advantages, hybrid working offers improved employee well-being and productivity. A study published in the journal New Technology, Work and Employment found multiple associations for employees who worked remotely more frequently. They exhibit more positive attitudes towards the employer, a higher organisational commitment, and report “significantly higher levels of job satisfaction” (p. 207). These employees also appear to voluntarily work longer hours at a higher intensity.
Hybrid work can also lead to substantial cost savings for employers. A survey conducted by Global Workplace Analytics found that companies can save an average of $11k/year for every employee that works remotely part-time. These savings arise from reduced overhead costs related to office space, utilities, and maintenance.
Remote work offers other organizational benefits, too. It enables employers to tap into a broader talent pool, thus providing the opportunity to increase the overall quality of their workforce. And, as remote teams can be more easily distributed across time zones, employers can extend their working hours and ensure more consistent coverage. This could improve customer support and turnaround rates.
In short, remote working offers many advantages to employers. However, research on this topic shows that the results can vary. Organisational strategy holds the key to unlock its benefits. Thus, having the right tools and guidance is essential.