Posted: 23rd January 2023

Is hybrid working here to stay?

Is hybrid working here to stay?

By Crescente

 

It’s 2023, and you’re either in or out… of the office that is.

 

At Crescente we recognised the issues our customers were having and came up with a solution to ensure they could continue to thrive even with the ongoing uncertainty of daily life. (Read on to find out).

 

We understand that managing a remote team requires a different set of skills and strategies than managing a team in a traditional office setting. That’s why we offer training specifically tailored to remote and/or hybrid work management. Our team of experts will work with your managers to develop the necessary skills and knowledge

 

If you’re looking for support and expertise on whether hybrid working is the way to go for your business then Crescente is dedicated to supporting your transition!

 

Whether you’re familiar or not with hybrid working, this article aims to give you the insight on what hybrid working means for employers and employees.

 

What is hybrid working?

Hybrid work is a flexible work model that offers and supports a blend of in-office and remote working. The goal of hybrid working is to offer employees the benefits of both remote and in-office work. Going hybrid offers the flexibility and autonomy of working from home combined with the structure and social interaction of the office. A hybrid working model is becoming increasingly popular. It allows businesses to adapt to the changing needs of their employees and to take advantage of new technology that makes hybrid work even easier and profitable.

 

The recent global pandemic has forced many businesses to adopt remote or hybrid working models, in which employees are able to work both in the office and from remote locations. This shift is still ongoing and has brought to light many questions. One of those being whether remote or hybrid working is here to stay. The Office for National Statistics illustrated that the proportion of people planning to work mostly from home rose 12 percent between April 2021 and February 2022.

Many companies have reported that their employees have been able to work just as effectively, if not more so, while working from home during the COVID-19 pandemic and post pandemic. This has led some businesses to consider permanent remote or hybrid work arrangements for at least some of their employees. They’ve embraced the flexibility and paired it with a new focus on work life balance and a greater awareness for personal well-being.

 

Some of the top benefits that a business can experience when adopting a hybrid work model:

  1. Increased productivity: Some studies have shown that workers who are able to adopt a hybrid work pattern are more productive than their purely office based counterparts. This can be attributed to the fact that workers who have the option of remote working often have fewer distractions and are able to work in an environment that is more conducive to productivity.
  2. Cost savings: Businesses can save money on overhead costs such as office rent, utilities, and supplies by having employees work a hybrid pattern.
  3. Improved employee morale: Hybrid work can improve employee morale by giving workers more flexibility and autonomy in their work environment. This can lead to increased job satisfaction and lower rates of employee turnover.
  4. Increased hiring pool: By offering hybrid or remote work options, businesses can expand their pool of potential hires to include candidates from any location.
  5. Enhanced collaboration: Hybrid working can foster enhanced collaboration and communication among team members, as they are able to use technology to stay connected and work together in real-time.

 

However, there are also valid concerns about the potential downsides of this style of working, such as a lack of in-person collaboration and a decrease in company culture. Not all employees may thrive in this environment, and some may even prefer the structure and social interaction of an office setting.

Some challenges and drawbacks to consider when adopting a hybrid work model:

  1. Communication difficulties: It can be more difficult to stay connected and communicate with workers, as in-person interactions are not always possible.
  2. Lack of total supervision: Some managers may worry about their ability to effectively supervise and manage remote workers.
  3. Isolation: Depending on the work pattern adopted, hybrid workers may feel isolated from their colleagues and disconnected from the company culture.
  4. Technical issues: Hybrid work can be disrupted by technical issues such as Wi-Fi issues or difficulty accessing necessary systems and tools.
  5. Work-life balance: It can be challenging for hybrid workers to maintain a healthy work-life balance, as it can be difficult to separate work from personal time when working from home.

 

Ultimately, the decision to adopt a hybrid workplace model will likely depend on the specific needs and preferences of each individual business and its employees. Some companies may find that a fully remote model works best for them.

In conclusion, it is difficult to predict the long-term future of working locations. While it has proven to be a successful solution during the pandemic, it remains to be seen whether it will continue to be a viable option for businesses moving forward.

 

Will 2023 be the end of hybrid/remote working?

With the recession well on the way, we’re seeing an influx of people looking around for better-paying jobs to mitigate the effects of the soaring cost of living. According to the Office for Budget Responsibility, UK households are set to suffer a 7.1% fall in their living standards over the next two years as wages fail to keep up with inflation.

However, not everyone has the luxury of changing job or even profession at this time. As a result, these recession worries may cause this power shift back to employers and threaten perks gained during the pandemic. Such as the option to work remotely. Data from LinkedIn showed that the number of remote/hybrid opportunities passed its peak, with listings on its jobs site falling from 16% at the start of the year to 12% in December 2022. Despite what their employees would favour, a number of businesses are choosing to initiate a return into the office.

However, it’s also crucial for businesses not to jeopardise employee well-being due to recession worries. They should ensure their employees are happy, meaning having the option to work remotely. Happy employees tend to be more productive and more likely to stay with the company, which can reduce the costs associated with hiring and training new employees. Happy employees also create a more positive work environment which can lead to better company morale and a more collaborative culture, which can contribute to the overall success of the business.

By offering the option to continue or to adopt a remote or hybrid work pattern, companies can help to create a more flexible and supportive work environment that could contribute to employee happiness and well-being. In the long run it may pay off to let the individuals choose what works for them, where productivity of the business isn’t affected

 

What next?

Crescente is dedicated to supporting businesses as they transition to remote or hybrid working. One of the key aspects of this support is training for company managers. It is more important than ever for businesses to stay up to date with the times and adapt to new ways of working.